Lovegood Performing Arts Company
- Assets
- $103.8k
- Revenue
- $262.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Beaverton, OR
- Founding
- Data as of
- 12/2022
- EIN
- 85-1341431
Organization Overview
Lovegood Performing Arts Company is located in Beaverton, OR. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Lovegood Performing Arts Company employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lovegood Performing Arts Company 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 12/2022, Lovegood Performing Arts Company generated $262.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 39.3% each year . All expenses for the organization totaled $226.9k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LOVEGOOD PERFORMING ARTS COMPANY SEEKS TO NURTURE THE GOD-GIVEN POTENTIAL IN YOUNG PERFORMERS BY FOSTERING AN ENVIRONMENT OF BELONGING, MASTERY, INSPIRATION, AND SELF-ADVOCACY. WE AT LOVEGOOD PERFORMING ARTS COMPANY, SEEK TO TELL COMPELLING STORIES THROUGH THE ARTS THAT CHALLENGE OUR AUDIENCES TO THINK AND ENGAGE; FURTHERING OUR ABILITY TO CAPTIVATE THE WONDER THERE IS IN OUR WORLD. WE ASPIRE TO BUILD A COMMUNITY WHERE EVERY INDIVIDUAL WHO ENCOUNTERS OUR COMPANY SECURES NOT JUST THE CONFIDENCE OF HAVING THE PROFESSIONAL SKILLS FOR THE PERFORMANCE WORLD, BUT ALSO EMBRACES THE INNATE KNOWLEDGE THAT THEY HAVE TRUE VALUE IN THEIR CHARACTER AND WORTH. THEY WILL IN TURN CHANGE THE WORLD AROUND THEM BY MAKING AND EXPERIENCING ART TOGETHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022 LOVEGOOD HELD 16 PERFORMING ARTS EDUCATION CLASSES WITH 251 CLASS ENROLLMENTS. DURING THE SUMMER WE HELD 7 PERFORMING ARTS CAMPS AND WORKSHOPS WITH 122 ENROLLMENTS. WE ALSO HELD TWO MAIN STAGE PRODUCTIONS WITH 53 ACTORS AND 15 CREW. WE PERFORMED FOR 2,099 PATRONS. STUDENTS ARE INVITED TO PARTICIPATE IN CLASSES, CAMPS, AND PERFORMANCES REGARDLESS OF THEIR ABILITY TO PAY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Bowman Director | Trustee | 30 | $23,001 |
Evan Aldrete President | OfficerTrustee | 5 | $2,260 |
Nathan Goff Secretary/tr | OfficerTrustee | 5 | $767 |
Amy Aldrete Director | Trustee | $0 | |
Matthew Bowman Director | Trustee | $0 | |
Amy Goff Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,900 |
| Noncash contributions included in lines 1a–1f | $3,610 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,900 |
| Total Program Service Revenue | $196,964 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$936 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,046 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $261,974 |
| 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 | $26,028 |
| Other salaries and wages | $32,460 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,120 |
| Advertising and promotion | $12,144 |
| Office expenses | $3,271 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,797 |
| 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 | $1,798 |
| Insurance | $3,506 |
| All other expenses | $22,329 |
| Total functional expenses | $226,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,126 |
| Savings and temporary cash investments | $0 |
| 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 | $21,683 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $103,809 |
| 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 | $103,809 |
| Net assets with donor restrictions | $0 |
| 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 | $103,809 |