Lux Center For The Arts
- Assets
- $2.2m
- Revenue
- $900.7k
- Investments
- $140.5k
- Employees
- 51
- Location
- Lincoln, NE
- Founding
- 06/1981
- Data as of
- 06/2023
- EIN
- 47-0629528
Organization Overview
Lux Center For The Arts is located in Lincoln, NE. The organization was established in 1981. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Lux Center For The Arts employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lux Center For The 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 06/2023, Lux Center For The Arts generated $900.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $917.1k during the year ending 06/2023. While expenses have increased by 13.3% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF LUX CENTER FOR THE ARTS IS TO PROMOTE AND HELP ACHIEVE A GREATER UNDERSTANDING AND APPRECIATION OF ART BY PROVIDING A WIDE VARIETY OF QUALITY ART SHOWN IN A PROFESSIONAL ATMOSPHERE FOR THE ENJOYMENT OF THE COMMUNITY AND FOR THE BENEFIT AND INSTRUCTION OF STUDENTS OF THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE VISUAL ARTS LEARNING OPPORTUNITIES FOR THE PUBLIC: ART CLASSES FOR YOUTH AND ADULTS; ARTISTS' LECTURES; ART OF FINE CRAFT CONFERENCE; GALLERY TOURS; AND COLLABORATE WITH OTHER ORGANIZATIONS TO OFFER HANDS-ON-ART PROJECTS. CONTINUE TO PRESERVE LUX COLLECTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Morfeld Chair | OfficerTrustee | 1 | $0 |
Alexandara Roth Secretary | OfficerTrustee | 1 | $0 |
Graham Pansing Brooks Treasurer | OfficerTrustee | 1 | $0 |
Shawn Ryba Former Chair | OfficerTrustee | 1 | $0 |
Jami Fristo Director | Trustee | 1 | $0 |
Nic Norman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $11,942 |
| Membership dues | $4,200 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $211,621 |
| All other contributions, gifts, grants, and similar amounts not included above | $327,430 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $555,193 |
| Total Program Service Revenue | $195,102 |
| Investment income | $5,526 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,843 |
| Net Income from Fundraising Events | $73,836 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $50,634 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $900,657 |
| 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. | $68,784 |
| Compensation of current officers, directors, key employees. | $13,757 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $455,973 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,297 |
| Payroll taxes | $44,109 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,605 |
| Advertising and promotion | $38,035 |
| Office expenses | $8,836 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,337 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,718 |
| Insurance | $18,764 |
| All other expenses | $17,924 |
| Total functional expenses | $917,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,139 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $715 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,571 |
| Prepaid expenses and deferred charges | $5,723 |
| Net Land, buildings, and equipment | $1,358,505 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $140,460 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $420,771 |
| Total assets | $2,214,884 |
| Accounts payable and accrued expenses | $19,638 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,507 |
| Total liabilities | $40,145 |
| Net assets without donor restrictions | $2,039,403 |
| Net assets with donor restrictions | $135,336 |
| 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 | $2,214,884 |