Lower Alabama Arts Coalition Inc
- Assets
- $28.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Andalusia, AL
- Founding
- 07/2006
- Data as of
- 12/2019
- EIN
- 41-2112017
Organization Overview
Lower Alabama Arts Coalition Inc is located in Andalusia, AL. The organization was established in 2006. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Lower Alabama Arts Coalition 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 12/2019, Lower Alabama Arts Coalition Inc generated $33.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $40.7k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 5 years. 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
2019
Describe the Organization's Program Activity:
Part 3
OPERATES ART GALLERY PROVIDING OPPORTUNITY TO LOCAL ARTISTS AND PATRONS TO ENJOY THE ARTS. ALSO, PROVIDES CLASSES FOR YOUTH TO BE TRAINED BY LOCAL ARTISTS. HOSTED EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Hubbard Director | 0.5 | $0 | |
Roger Powell Director | 0.5 | $0 | |
Jeannie Sanders Vice President | 0.5 | $0 | |
Linda Kyle Direrctor | 0.5 | $0 | |
Fadra Chance Director | 0.5 | $0 | |
Eleanora Birk Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,520 |
| Total Program Service Revenue | $11,752 |
| Membership dues | $0 |
| Investment income | $30 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $33,852 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $10,082 |
| Professional fees and other payments to independent contractors | $1,435 |
| Occupancy, rent, utilities, and maintenance | $14,378 |
| Printing, publications, postage, and shipping | $185 |
| Other expenses | $14,570 |
| Total expenses | $40,650 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $19,599 |
| Other assets | $0 |
| Total assets | $28,826 |
| Total liabilities | $2,219 |
| Net assets or fund balances | $26,607 |