Lea County Commission For The Arts Inc
- Assets
- $473.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Hobbs, NM
- Founding
- 06/2002
- EIN
- 85-0481239
Organization Overview
Lea County Commission For The Arts Inc is located in Hobbs, NM. The organization was established in 2002. According to its NTEE Classification (A90) the organization is classified as: Arts Services, 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. Lea County Commission For The Arts 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 undefined, Lea County Commission For The Arts Inc generated $25.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (27.4%) each year. All expenses for the organization totaled $28.1k during the year ending undefined. As we would expect to see with falling revenues, expenses have declined by (26.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
Describe the Organization's Program Activity:
Part 3
0
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vera Matthews Vice President | 1 | $0 | |
Kerri Gray Board Member | 1 | $0 | |
Paul Newey Board Member | 1 | $0 | |
Dianna Carmenaty Board Member | 1 | $0 | |
Gabrielle Payne Secretary | 1 | $0 | |
Paulie Gladden Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,583 |
| Total Program Service Revenue | $18,047 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $2,351 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $24,981 |
| Statement of Expenses | |
|---|---|
| Total expenses | $28,062 |
| Balance Sheet | |
|---|---|
| Total assets | $473,318 |
| Total liabilities | $2,211 |
| Net assets or fund balances | $471,107 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lea County Commission For The Arts Inc has recieved totaling $11,981.
| Awarding Organization | Amount |
|---|---|
United Way Of Lea County Inc Hobbs, NM PURPOSE: GENERAL SUPPORT | $11,981 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communities In Schools Of Cameron County San Benito, TX | $1,863,652 | $2,355,604 |
Dairy Center For The Arts Boulder, CO | $11,050,322 | $3,310,840 |
Roswell Artist In Residents Foundation Roswell, NM | $13,096,282 | $950,709 |
Atheist Community Of Austin Inc Austin, TX | $1,074,838 | $657,910 |
Friends Of The Wright Opera House Inc Ouray, CO | $2,719,872 | $280,640 |
Vital Spaces Inc Santa Fe, NM | $112,781 | $234,664 |
Untitled Art Space Inc Oklahoma City, OK | $377,472 | $415,421 |
Allen Arts Alliance Allen, TX | $261,270 | $0 |
Community Artists Collective Houston, TX | $261,932 | $340,282 |
Costume Connection Phoenix, AZ | $34,325 | $0 |
Texas Accountants & Lawyers For The Arts Austin, TX | $196,713 | $244,676 |
Colorado West Performing Arts Company Grand Junction, CO | $20,627 | $0 |