Lankton Charitable Corporation
- Assets
- $20.9k
- Revenue
- $115.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Clinton, MA
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 46-0742510
Organization Overview
Lankton Charitable Corporation is located in Clinton, MA. The organization was established in 2015. According to its NTEE Classification (A51) the organization is classified as: Art Museums, 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. Lankton Charitable Corporation 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 12/2021, Lankton Charitable Corporation generated $115.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.4%) each year. All expenses for the organization totaled $107.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWN AND OPERATE A MUSEUM FOR THE DISPLAY OF AFRICAN ART AND OTHER ITEMS AND COLLECTIONS OF HISTORIC INTEREST.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Russell Clerk | 14 | $61,154 | |
Karen Lankton Schmidt Treasurer | 5 | $0 | |
Susan Lankton-Rivas President | 5 | $0 | |
Lauren Weisshaar Director | 5 | $0 | |
Eric A Lowrey Director | 5 | $0 | |
Ann Molloy Director | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Bdk Group Inc | 12/30/14 | $99,000 |
Crocodile River Music & Media Llc | 12/30/14 | $67,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $115,000 |
| Interest on Savings | $29 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $115,029 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $61,154 |
| Other employee salaries and wages | $4,900 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,793 |
| Depreciation | $0 |
| Occupancy | $24,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,162 |
| Total operating and administrative expenses | $107,059 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $107,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,946 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,946 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $8,000 |
| Total liabilities | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lankton Charitable Corporation has recieved totaling $86,000.
| Awarding Organization | Amount |
|---|---|
Lankton Family Foundation Inc Milledgeville, GA PURPOSE: DISPLAY OF AFRICAN ART AND OTHER ITEMS AND COLLECTIONS OF HISTORIC INTEREST | $86,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Whitney Museum Of American Art New York, NY | $937,771,000 | $113,143,000 |
Solomon R Guggenheim Foundation New York, NY | $240,294,871 | $73,166,662 |
Brooklyn Institute Of Arts And Sciences Brooklyn, NY | $388,418,074 | $82,546,120 |
Sterling & Francine Clark Art Inst Williamstown, MA | $670,367,352 | $8,296,004 |
Frick Collection New York, NY | $548,300,043 | $37,986,909 |
Isabella Stewart Gardner Museum Inc Boston, MA | $347,979,013 | $30,352,820 |
Buffalo Fine Arts Academy Buffalo, NY | $293,134,468 | $30,844,940 |
New Museum Of Contemporary Art New York, NY | $107,362,095 | $41,908,538 |
Institute Of Contemporary Art Boston, MA | $121,321,339 | $26,427,567 |
Museum Of Arts And Design New York, NY | $100,702,289 | $12,680,439 |
Wadsworth Atheneum Museum Of Art Hartford, CT | $165,426,651 | $15,147,902 |
Neue Galerie New York New York, NY | $114,494,920 | $18,242 |