Laurel Community Center Org Inc
- Assets
- $2.5m
- Revenue
- $156.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Marshall, NC
- Founding
- 12/2018
- Data as of
- 12/2021
- EIN
- 83-2417879
Organization Overview
Laurel Community Center Org Inc is located in Marshall, NC. The organization was established in 2018. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laurel Community Center Org Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Laurel Community Center Org Inc generated $156.3k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $125.2k during the year ending 12/2021. While expenses have increased by 17.8% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMMUNITY ACTIVITIES DEDICATED TO EDUCATIONAL, CULTURAL AND CELEBRATIONAL CONTRIBUTIONS TO THE LAUREL COMMUNITY THROUGH THE OPERATION AND MAINTENANCE OF THE OLD LAUREL SCHOOL BUILDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTER OPERATES AND MAINTAINS THE OLD LAUREL SCHOOL IN ORDER TO PROVIDE OPPORTUNITIES FOR EDUCATION, COMMUNITY INTERACTION, THE EXCHANGE OF INFORMATION AND GATHERING OF RESOURCES TO MEET THE NEEDS OF THE COMMUNITY. DURING THE YEAR THE CENTER PROVIDED SPACE FOR THE SENIOR MEAL SITE OPERATED BY MADISON COUNTY, STUDIO SPACE FOR ARTISTS, A COMPUTER LAB MAKING INTERNET CONNECTIONS AVAILABLE TO THOSE IN NEED AND MADE SPACE AVAILABLE FOR RECREATIONAL PROGRAMS, LECTURES, MEETINGS AND THEMED WORKSHOPS AS WELL AS EVENT SPACE. PRIOR TO COVID, SEVERAL COMMUNITY EVENTS WERE HELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Ray President | OfficerTrustee | 7 | $0 |
Bobby Dean Franklin Vice President | OfficerTrustee | 7 | $0 |
Barbara Zimmerman Treasurer | OfficerTrustee | 7 | $0 |
Mary Kelly Secretary | OfficerTrustee | 7 | $0 |
Greg Adams Board Member | Trustee | 7 | $0 |
Keith Flynn Board Member | Trustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $102,744 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,744 |
| Total Program Service Revenue | $39,558 |
| Investment income | $33 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $156,335 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $23,604 |
| Fees for services: Legal | $275 |
| Fees for services: Accounting | $1,713 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $190 |
| Office expenses | $14,214 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,371 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,656 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $125,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,883 |
| Savings and temporary cash investments | $108,551 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,370,996 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,506,430 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,439,280 |
| Net assets with donor restrictions | $67,150 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,506,430 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Laurel Community Center Org Inc has recieved totaling $66,706.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: ENHANCING THE ENVIRONMENT | $46,698 |
Organization Name not Listed PURPOSE: THE LAUREL COMMUNITY CENTER ORGANIZATION WIS TO BUILD A WALKING PATH. | | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $8 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Business Partnership Inc Springfield, VA | $2,560,570 | $55,247,461 |
The Virginia Arts Festival Inc Norfolk, VA | $42,180,047 | $13,814,301 |
South Arts Inc Atlanta, GA | $7,711,292 | $5,611,811 |
Acorn Center For Restoration And Freedom Inc Covington, GA | $134,681 | $1,087,049 |
South Fulton Institute Inc Atlanta, GA | $1,909,108 | $891,815 |
Destination Cleveland County Inc Shelby, NC | $7,052,846 | $848,896 |
Jeniam Ii Foundation Memphis, TN | $1,092,809 | $484,239 |
Friends Of The Hunley Inc North Charleston, SC | $1,463,625 | $893,536 |
Tenants And Workers United Inquilinos Y Trabajadores Unidos Alexandria, VA | $1,287,907 | $1,136,060 |
Cool Spring Downtown District Inc Fayetteville, NC | $404,618 | $773,790 |
Creativets Nashville, TN | $484,880 | $860,430 |
The Arts Council Of Moore County Inc Southern Pines, NC | $756,104 | $891,925 |