Laurel Community Center Org Inc
- Assets
- $2.6m
- Revenue
- $295.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Marshall, NC
- Founding
- 12/2018
- Data as of
- 12/2023
- 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 12/2023, Laurel Community Center Org Inc generated $295.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 25.6% each year . All expenses for the organization totaled $150.8k during the year ending 12/2023. While expenses have increased by 13.7% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE LAUREL COMMUNITY CENTER WILL PROVIDE EDUCATION, FITNESS AND RECREATION, A SENIOR MEAL PROGRAM, AFFORDABLE RENTAL SPACES FOR ARTISTS AND ENTREPRENEURS, A TECHNOLOGY LAB, CAMPUS-WIDE BROADBAND (CONTINUED ON PAGE 2)
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, LCCOS LARGEST PROGRAMS WERE: RENTAL PROGRAMS WE HAVE TWO TYPES OF RENTALS. LONG TERM SPACES ARE LEASED BY THE YEAR IN OUR OLD CLASSROOMS. THESE AFFORDABLE STUDIO SPACES FOR LOCAL ARTISTS AND ENTREPRENEURS STAY FULL AND WE HAVE A WAITING LIST. WE ALSO OFFER SHORT TERM RENTALS FOR MEETINGS - AND BIRTHDAY PARTIES. THESE ARE ALSO UTILIZED REGULARLY BY OUR COMMUNITY.
ECOLOGY STUDIES LCC HAS A VERY HEAVY FOCUS ON ECOLOGY AND THE NATURAL HERITAGE OF OUR REGION. THANKS TO THE LAUREL RIVER ROOM, OUR HANDS ON STEM CLASSROOM, WE HAVE MANY PROGRAMS INCLUDING STREAM TEAM (SCIENCE GROUP FOR LOCAL KIDS), WE HELP ORGANIZE AND HOST AQUATIC INSECT WORKSHOP FOR PROFESSIONALS, KIDS FISHING DAY AND NUMEROUS OUTSIDE GROUPS INCLUDING, 4-H, MUDDY SNEAKERS, PAGE PROGRAM, - AND LOCAL (PUBLIC AND PRIVATE) SCHOOLS COME TO LCC FOR ECOLOGY STUDIES.
LAUREL COMMUNITY MARKETS 2023 WAS LCCS 2ND SEASON OF MONTHLY MARKETS. WE OFFER FREE HANDMADE PIZZAS, JAM SESSION MUSIC WHERE ANYONE CAN JOIN IN AND A WALKING INCENTIVE PROGRAM CALLED LAPS FOR LAUREL (IF YOU WALK ONE MILE ON OUR WALKING PATH WE GIVE YOU A $3 VOUCHER TO SPEND WITH ANY VENDOR AT THE MARKET. THESE MONTHLY MARKETS ALSO OFTEN GET PAIRED WITH OTHER EVENTS SUCH AS STREAM TEAM TALKS, BLOOD DRIVE, AND ANNUAL RESOURCE/HEALTH FAIR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Zimmerman President | OfficerTrustee | 12 | $0 |
Mary Sauls Kelly Vice-President | OfficerTrustee | 12 | $0 |
Leah Davis Treasurer | OfficerTrustee | 7 | $0 |
Heather West Secretary | OfficerTrustee | 10 | $0 |
Greg Adams Member | Trustee | 7 | $0 |
Linda Franklin Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $226,963 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $245,263 |
| Total Program Service Revenue | $46,852 |
| Investment income | $95 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,962 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $40 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $295,272 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $400 |
| 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 | $26,180 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,784 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,616 |
| Advertising and promotion | $930 |
| Office expenses | $5,676 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,374 |
| Travel | $203 |
| 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 | $71,308 |
| Insurance | $3,718 |
| All other expenses | $0 |
| Total functional expenses | $150,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,096 |
| Savings and temporary cash investments | $54,464 |
| 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 | $2,488,536 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,612,096 |
| 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 | $2,557,632 |
| Net assets with donor restrictions | $54,464 |
| 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 | $2,612,096 |