Laurel Arts
- Assets
- $544.7k
- Revenue
- $474.2k
- Investments
- $0.0
- Employees
- 23
- Location
- Somerset, PA
- Founding
- 11/1975
- Data as of
- 08/2023
- EIN
- 25-1289972
Organization Overview
Laurel Arts is located in Somerset, PA. The organization was established in 1975. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Laurel Arts employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laurel Arts 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 08/2023, Laurel Arts generated $474.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $507.6k during the year ending 08/2023. 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
ARTS & CULTURAL EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAUREL ARTS DANCE - STUDENTS FROM KINDERGARTEN TO 12TH GRADE ENROLL IN A 9-MONTH CLASS IN BALLET, TAP, JAZZ, POINTE OR PERFORMANCE. THERE WERE 115 STUDENTS WITH A YEAR-END RECITAL ATTENDED BY 840 INDIVIDUALS.
STUDIO KIDS PRE-SCHOOL - PROVIDE A PRESCHOOL PROGRAM WITH A UNIQUE ACADEMIC AND ARTS FOCUSED CURRICULUM. THE APPROACH CALLS FOR THE INTEGRATION OF THE ARTS AS A TOOL FOR COGNITIVE LINGUISTIC AND SOCIAL DEVELOPMENT. THE PROGRAM HAS PROVIDED SERVICES TO 33 STUDENTS.
CLASSES AND SUMMER CAMPS IN THE ARTS. OFFER VARIOUS CLASSES IN THE ARTS AND HEALTH WELLNESS. THE VARIOUS PROGRAMS HAVE PROVIDED SERVICES TO 638 STUDENTS AND INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Mayak President | OfficerTrustee | 2 | $0 |
Cindy Breen Vice President | OfficerTrustee | 2 | $0 |
Robin Henley Treasurer | OfficerTrustee | 2 | $0 |
Becca Frola-Biss Secretary | OfficerTrustee | 2 | $0 |
Mike Beech Director | Trustee | 1 | $0 |
Laura Bowers Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,583 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,255 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,938 |
| Total Program Service Revenue | $267,572 |
| Investment income | $2,451 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $500 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,188 |
| Net Income from Gaming Activities | $4,529 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $474,166 |
| 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. | $31,399 |
| Compensation of current officers, directors, key employees. | $31,399 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $203,175 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,158 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,492 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,588 |
| Office expenses | $12,203 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,655 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,048 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,261 |
| Insurance | $22,135 |
| All other expenses | $26,143 |
| Total functional expenses | $507,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,726 |
| Savings and temporary cash investments | $54,184 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $112 |
| 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 | $8,202 |
| Net Land, buildings, and equipment | $426,592 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,857 |
| Total assets | $544,673 |
| Accounts payable and accrued expenses | $54,926 |
| Grants payable | $0 |
| Deferred revenue | $13,610 |
| 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 | $150,202 |
| Unsecured mortgages and notes payable | $41,161 |
| Other liabilities | $0 |
| Total liabilities | $259,899 |
| Net assets without donor restrictions | $192,397 |
| Net assets with donor restrictions | $92,377 |
| 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 | $544,673 |