Lexarts Inc

Organization Overview

Lexarts Inc is located in Lexington, KY. The organization was established in 1985. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Lexarts Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lexarts 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 06/2020, Lexarts Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Lexarts Inc has awarded 96 individual grants totaling $4,059,250. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE ARTS AND CULTURAL SERVICES TO THE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LEXARTS REGRANTS FUNDS RAISED THROUGH ITS ANNUAL FUND FOR THE ARTS TO FIVE PARTNER ORGANIZATIONS THAT RECEIVE GENERAL OPERATING SUPPORT (GOS) AND 20+ ARTS ORGANIZATIONS IN THE FORM OF PROGRAM AND PROJECT GRANTS. THE APPLICATION PROCESSES FOR THESE GRANTS ARE RIGOROUS, REQUIRING EVIDENCE OF FINANCIAL STABILITY AND ARTISTIC QUALITY. SERVICE TO YOUTH, DIVERSE AND UNDERSERVED AUDIENCES IS EMPHASIZED AS ARE AUDIENCE SIZE, COMMUNITY PARTICIPATION, COLLABORATION, AND EVALUATION. WRITTEN APPLICATIONS AND FINANCIAL INFORMATION ARE VETTED BY LEXARTS STAFF, EVALUATED ON PAPER AND IN AN OPEN PUBLIC PROCESS BY A PANEL OF PEER REVIEWERS, FURTHER REVIEWED BY THE GRANTS COMMITTEE OF THE LEXARTS BOARD OF DIRECTORS AND FINALLY APPROVED BY THE LEXARTS BOARD AS A WHOLE.


AS BOTH THE ARTS COUNCIL AND UNITED ARTS FUND FOR CENTRAL KENTUCKY, LEXARTS PROVIDES A WIDE RANGE OF PROGRAMS AND SERVICES DESIGNED TO INTEGRATE THE ARTS INTO THE DAILY LIVES OF ALL CITIZENS, INCLUDING THE FREE LEXARTS GALLERY HOP, LEXINGTON YOUTH ARTS COUNCIL, AND ARTSCOPE WEEKLY EMAIL ARTS CALENDAR. LEXARTS STAFF AND BOARD WORK CLOSELY WITH COMMUNITY LEADERS ON PUBLIC ART PROJECTS IN OBTAINING FUNDING, DEVELOPING PLANS, SOLICITING PROPOSALS, FACILITATING ARTIST AND SITE SELECTION PROCESSES, AND GATHERING PUBLIC INPUT. LEXARTS ALSO OPERATES ARTSPLACE, A FACILITY IN DOWNTOWN LEXINGTON WITH A HIGH QUALITY VISUAL ARTS GALLERY AS WELL AS PERFORMANCE, REHEARSAL AND OFFICE SPACE FOR NONPROFIT ARTS ORGANIZATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Ame Sweetall
President, CEO And Directo
$55,417
Ellen A Plummer
Past President & Director
$9,767
Robin Thomerson
Chair & Director
$0
Michelle Deans
Treasurer, Chair, & Direct
$0
Greg Padgett
Chair & Director
$0
Jon Stewart
Chair & Director
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$1,088,747
Investment income $31,057
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $50,500
Net Gain/Loss on Asset Sales $89,442
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $86,808
Miscellaneous Revenue$0
Total Revenue $1,460,251

Grants Awarded

Over the last fiscal year, Lexarts Inc has awarded $345,000 in support to 7 organizations.

Grant RecipientAmount

LIVING ARTS & SCIENCE CENTER

Org PageRecipient Profile

Lexington, KY

PURPOSE: GENERAL OPERATING SUPPORT

$90,000

LEXINGTON CHILDRENS THEATRE

Org PageRecipient Profile

Lexington, KY

PURPOSE: GENERAL OPERATING SUPPORT

$90,000

LEXINGTON PHILHARMONIC ORCHESTRA

Org PageRecipient Profile

Lexington, KY

PURPOSE: GENERAL OPERATING SUPPORT

$90,000

CENTRAL KENTUCKY YOUTH ORCHESTRAS

Org PageRecipient Profile

Lexington, KY

PURPOSE: GENERAL OPERATING SUPPORT

$30,000

Lexington, KY

PURPOSE: GENERAL OPERATING SUPPORT

$30,000

LEXINGTON ART LEAGUE

Org PageRecipient Profile

Lexington, KY

PURPOSE: GENERAL OPERATING SUPPORT

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Lexarts Inc has recieved totaling $5,000.

Awarding OrganizationAmount
Organization Name not Listed

PURPOSE: FOR THE ORGANIZATION'S MISSON TO OBTAIN MATERIALS AND RESOURCES TO IMPROVE SCHOOLS.

|

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$844,817
Earnings$268,719
Ending Balance$1,113,536

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