Low Key Arts Incorporated
- Assets
- $145.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Hot Springs, AR
- Founding
- 02/2008
- Data as of
- 12/2022
- EIN
- 20-4093585
Organization Overview
Low Key Arts Incorporated is located in Hot Springs, AR. The organization was established in 2008. 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, Low Key Arts Incorporated employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Low Key Arts Incorporated 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, Low Key Arts Incorporated generated $132.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $167.9k during the year ending 12/2022. While expenses have increased by 5.8% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF THE ARTS IN HOT SPRINGS AR
Describe the Organization's Program Activity:
Part 3
LOW KEY ARTS PROVIDED MUSIC FESTIVAL AND SPONSORED A LOCAL FILM FESTIVAL
LOW KEY ARTS PROVIDED MUSIC FESTIVAL AND SPONSORED A LOCAL FILM FESTIVAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sonny Kay Executive Di | 0 | $36,000 | |
Jen Gerber Film Program | 0 | $12,500 | |
Brent Carroll Treasurer | 0 | $0 | |
Annie Gerber Secretary | 0 | $0 | |
Rob Cox Vice Preside | 0 | $0 | |
Cheryl Roorda President/bo | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,801 |
| Total Program Service Revenue | $87,183 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,503 |
| Other Revenue | $0 |
| Total Revenue | $132,487 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $65,128 |
| Professional fees and other payments to independent contractors | $1,700 |
| Occupancy, rent, utilities, and maintenance | $19,668 |
| Printing, publications, postage, and shipping | $8,143 |
| Other expenses | $73,216 |
| Total expenses | $167,855 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $57,394 |
| Other assets | $0 |
| Total assets | $145,443 |
| Total liabilities | $4,682 |
| Net assets or fund balances | $140,761 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Low Key Arts Incorporated has recieved totaling $14,992.
| Awarding Organization | Amount |
|---|---|
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: TO DISTRIBUTE ARKANSAS GIVES FUNDS | $8,402 |
American Endowment Foundation Hudson, OH PURPOSE: PROGRAMS | $6,090 |
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: TO SUPPORT HOT WATER HILLS 2017 EVENT | $300 |
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: TO SUPPORT VALLEY OF THE VAPORS FESTIVAL | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tessitura Network Inc Dallas, TX | $21,809,645 | $43,977,511 |
The Tivoli Theatre Foundation Inc Chattanooga, TN | $19,745,641 | $23,020,214 |
Woodlands Center For The Performing Arts The Woodlands, TX | $66,155,005 | $4,869,262 |
The Foundation For Jones Hall Houston, TX | $12,945,210 | $11,215,659 |
National Western Art Foundation San Antonio, TX | $33,318,907 | $5,418,283 |
Society For The Performing Arts Houston, TX | $2,735,277 | $4,022,539 |
Dsm Management Group Inc Dallas, TX | $3,614,375 | $1,386,226 |
1894 Inc Galveston, TX | $14,356,181 | $3,638,315 |
New Orleans Center For Creative Arts Institute New Orleans, LA | $27,637,413 | $1,850,928 |
Shaw Center For The Arts Llc Baton Rouge, LA | $25,156,056 | $977,133 |
Taca Inc Dallas, TX | $1,253,014 | $1,318,938 |
Jefferson Performing Arts Society Metairie, LA | $970,556 | $1,410,329 |