La Grange Art League
- Assets
- $344.1k
- Revenue
- $91.1k
- Investments
- $0.0
- Employees
- 0
- Location
- La Grange, IL
- Founding
- 09/2014
- Data as of
- 04/2023
- EIN
- 36-3386068
Organization Overview
La Grange Art League is located in La Grange, IL. The organization was established in 2014. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, 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. LA Grange Art League 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 04/2023, LA Grange Art League generated $91.1k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $119.1k during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
TO PROMOTE THE EDUCATION AND APPRECIATION OF ART TO THE LOCAL COMMUNITY THROUGH ART CLASSES AND WORKSHOPS, VISITING ARTIST PRESENTATIONS AND ART SHOWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelley Clark Vice President | 0 | $0 | |
John Baker Secretary | 0 | $0 | |
Margaret Prescott Director | 0 | $0 | |
Nikki White Treasurer | 0 | $0 | |
Jeff White President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,318 |
| Interest on Savings | $10 |
| Dividends & Interest | $0 |
| Net Rental Income | $6,130 |
| Net Gain on Sale of Assets | -$463 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$53,010 |
| Other Income | $113,013 |
| Total Revenue | $91,118 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $571 |
| Depreciation | $6,612 |
| Occupancy | $8,180 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $92 |
| Other expenses | $95,441 |
| Total operating and administrative expenses | $116,057 |
| Contributions, gifts, grants paid | $3,000 |
| Total expenses and disbursements | $119,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,299 |
| Savings and temporary cash investments | $96,030 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $108,338 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $104,392 |
| Other assets | $0 |
| Total assets | $344,059 |
| Accounts payable and accrued expenses | $1,640 |
| Grants payable | $0 |
| Deferred revenue | $2,877 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,500 |
| Total liabilities | $7,017 |
Grants Awarded
Over the last fiscal year, La Grange Art League has awarded $3,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ALYSSA IOVINELLI PURPOSE: SCHOLARSHIP | $500 |
KATHERINE FARLEY PURPOSE: SCHOLARSHIP | $500 |
KATHARINE OLTROGGE PURPOSE: SCHOLARSHIP | $1,000 |
ELOIS RIOS PURPOSE: SCHOLARSHIP | $1,000 |