Lexington Arts And Crafts Society Inc

Organization Overview

Lexington Arts And Crafts Society Inc is located in Lexington, MA. The organization was established in 1955. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 05/2022, Lexington Arts And Crafts Society Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lexington Arts And Crafts Society 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 05/2022, Lexington Arts And Crafts Society Inc generated $873.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $521.8k during the year ending 05/2022. While expenses have increased by 9.5% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE THE INTERESTS AND STANDARDS IN ARTS AND CRAFTS IN THE COMMUNITY AND PROVIDE EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE SOCIETY HAS OVER 170 MEMBERS IN 9 GUILDS. MEMBERS HOLD MEETINGS AND CONDUCT CLASSES. GALLERIES, FAIRS AND MARKETPLACES ARE HELD THROUGHOUT THE YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
Matthew Siegal
President
$90,380
Hannah Wolf
Clerk
$8,363
Wayne Davis
Chair
$0
Cassandra Goldwater
Vice Chair
$0
Michael Lawson
Treasurer
$0
Louise Hara
Director
$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$557,980
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$557,980
Total Program Service Revenue$305,272
Investment income $5,097
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 $873,803

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Lexington Arts And Crafts Society Inc has recieved totaling $361,056.

Awarding OrganizationAmount
Peter And Ann Lambertus Family Foundation Inc

Boston, MA

PURPOSE: GENERAL SUPPORT

$350,000
Foundation For Metrowest Inc

Natick, MA

PURPOSE: GENERAL SUPPORT

$10,000
The Red Elm Tree Foundation

Lincoln, MA

PURPOSE: GENERAL PURPOSE GRANT

$1,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$56
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$28,344
Earnings-$566
Ending Balance$27,778

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