Lynchburg Art Club Inc
- Assets
- $99.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lynchburg, VA
- Founding
- 01/1963
- Data as of
- 05/2024
- EIN
- 54-1283632
Organization Overview
Lynchburg Art Club Inc is located in Lynchburg, VA. The organization was established in 1963. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, 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. Lynchburg Art Club 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 05/2024, Lynchburg Art Club Inc generated $61.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $59.3k during the year ending 05/2024. While expenses have increased by 5.8% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
ADVANCING ART IN THE LYNCHBURG COMMUNITY THROUGH VARIOUS EXHIBITS, SHOWS, AND CLASSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Mattox President | 5 | $0 | |
Claudia Justras Treasurer | 5 | $0 | |
Kim Vandebogart Vice President | 5 | $0 | |
Marianne Vest Secretary | 5 | $0 | |
Holly Frazier Membership Chair | 5 | $0 | |
Doniphan Guggenheimer Exhibition Chair | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,110 |
| Total Program Service Revenue | $17,808 |
| Membership dues | $5,905 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $23,296 |
| Other Revenue | $14 |
| Total Revenue | $61,138 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $14,832 |
| Professional fees and other payments to independent contractors | $7,890 |
| Occupancy, rent, utilities, and maintenance | $9,924 |
| Printing, publications, postage, and shipping | $4,479 |
| Other expenses | $18,625 |
| Total expenses | $59,250 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,138 |
| Other assets | $0 |
| Total assets | $98,966 |
| Total liabilities | $790 |
| Net assets or fund balances | $98,176 |