Lime Kiln Arts Inc
- Assets
- $533.2k
- Revenue
- $595.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Lexington, VA
- Founding
- 05/1985
- Data as of
- 12/2021
- EIN
- 52-1269538
Organization Overview
Lime Kiln Arts Inc is located in Lexington, VA. The organization was established in 1985. According to its NTEE Classification (A65) the organization is classified as: Theater, 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. Lime Kiln Arts 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 12/2021, Lime Kiln Arts Inc generated $595.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $392.9k during the year ending 12/2021. While expenses have increased by 16.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH THE CULTURE AND TO HONOR THE HERITAGE OF THE VALLEY OF VIRGINIA THROUGH MUSIC, THEATER, AND EDUCATIONAL PROGRAMS IN LIME KILN'S UNIQUE HISTORICAL SPACES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC CONCERTS AND THEATER PLAYS HOSTED DURING THE SUMMER SEASON, FEATURING A VARIETY OF ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Spencer G Mcelroy Executive Di | Officer | 20 | $91,342 |
Jeremy Franklin Managing Dir | Officer | 40 | $10,417 |
Natalie Garvis Board Treasu | OfficerTrustee | 1 | $0 |
Ryan Brink Board Secret | OfficerTrustee | 1 | $0 |
Charles Barger Board Presid | OfficerTrustee | 2 | $0 |
Mike Stolarz Board Vice P | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $269,141 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,465 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $319,606 |
| Total Program Service Revenue | $179,081 |
| Investment income | $516 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $22,138 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $595,832 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,417 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,250 |
| Payroll taxes | $998 |
| Fees for services: Management | $128,865 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,707 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,580 |
| Advertising and promotion | $5,675 |
| Office expenses | $2,057 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,725 |
| 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 | $36,596 |
| Insurance | $7,298 |
| All other expenses | $11,742 |
| Total functional expenses | $392,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,668 |
| Savings and temporary cash investments | $97,611 |
| Pledges and grants receivable | $4,035 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,514 |
| Prepaid expenses and deferred charges | $26 |
| Net Land, buildings, and equipment | $149,292 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $37,060 |
| Other assets | $0 |
| Total assets | $533,206 |
| Accounts payable and accrued expenses | $2,883 |
| Grants payable | $0 |
| Deferred revenue | $12,820 |
| 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 | $2,489 |
| Total liabilities | $18,192 |
| Net assets without donor restrictions | $515,014 |
| Net assets with donor restrictions | $0 |
| 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 | $533,206 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lime Kiln Arts Inc has recieved totaling $6,005.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington Drama Society Inc Washington, DC | $146,547,458 | $18,030,478 |
Shakespeare Theatre Washington, DC | $65,973,767 | $13,307,263 |
Ford S Theatre Society Washington, DC | $70,916,217 | $19,576,339 |
Olney Theatre Corporation Olney, MD | $19,570,202 | $9,983,104 |
Round House Theatre Inc Bethesda, MD | $10,592,034 | $5,829,495 |
Center Stage Associates Inc Baltimore, MD | $48,178,796 | $10,294,538 |
Woolly Mammoth Theatre Co Washington, DC | $10,084,762 | $5,303,229 |
Signature Theatre Inc Arlington, VA | $13,654,259 | $8,861,886 |
Actors Theatre Of Louisville Inc Louisville, KY | $21,191,144 | $5,821,422 |
Studio Theatre Inc Washington, DC | $29,626,352 | $6,176,456 |
Barter Foundation Incorporated State Theatre Of Virginia Abingdon, VA | $10,953,876 | $6,208,012 |
The Everyman Theatre Incorporated Baltimore, MD | $14,728,446 | $4,835,696 |