South Arkansas Arts Center
- Assets
- $9.6m
- Revenue
- $1.8m
- Investments
- $8.1m
- Employees
- 8
- Location
- El Dorado, AR
- Founding
- 01/1964
- Data as of
- 06/2022
- EIN
- 71-6053580
Organization Overview
South Arkansas Arts Center is located in El Dorado, AR. The organization was established in 1964. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, South Arkansas Arts Center employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Arkansas Arts Center 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 06/2022, South Arkansas Arts Center generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $760.1k during the year ending 06/2022. While expenses have increased by 1.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE PUBLIC AWARENESS OF THE PERFORMING AND VISUAL ARTS AND TO PROVIDE SUPPORT FOR THE DEVELOPMENT AND PROMOTION OF ARTISTIC EXPRESSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
AIE DIVISION PROVIDES ARTISTS IN EDUCATION RESIDENCIES TO SURROUNDING SCHOOLS WHICH INTEGRATE DIFFERENT ART DISCIPLINES INTO THEIR SCHOOL PROGRAMS
THEATRE DIVISION PROVIDES WORKSHOPS TO THE GENERAL PUBLIC (ELEMENTARY THRU SENIOR CITIZENS), THREE COMMUNITY PLAYS PER YEAR, AND PRESENTS PUBLIC TOURING REGIONAL AND NATIONAL ARTISTS
VISUAL ARTS DIVISION PROVIDES WORKSHOPS TO THE GENERAL PUBLIC (ELEMENTARY THRU SENIOR CITIZENS), COMPETITIONS FOR YOUTH, NON-MEMBERS AND MEMBERS. IT ALSO PROVIDES EXHIBITIONS OF LOCAL AND NATIONAL ARTISTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Allen Executive Director | Trustee | 40 | $64,890 |
Benton Garrison Secretary | OfficerTrustee | 0.5 | $0 |
Donna Bevill Treasurer | OfficerTrustee | 0.5 | $0 |
Stephanie Tully-Dartez President | OfficerTrustee | 0.5 | $0 |
Michael Verdesca Vice President | OfficerTrustee | 0.5 | $0 |
Alex Bennett Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $95,593 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $984,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,079,843 |
| Total Program Service Revenue | $102,785 |
| Investment income | $274,300 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $235,264 |
| Net Income from Fundraising Events | $103,121 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,795,974 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,000 |
| 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 | $215,496 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,309 |
| Payroll taxes | $18,024 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $57,772 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,769 |
| Information technology | $0 |
| Royalties | $8,478 |
| Occupancy | $28,180 |
| Travel | $2,389 |
| 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 | $55,817 |
| Insurance | $22,289 |
| All other expenses | $96,057 |
| Total functional expenses | $760,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,485 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $442,662 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $30,601 |
| Net Land, buildings, and equipment | $737,430 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,050,766 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $142,535 |
| Total assets | $9,586,479 |
| Accounts payable and accrued expenses | $12,999 |
| Grants payable | $0 |
| Deferred revenue | $43,244 |
| 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 | $0 |
| Total liabilities | $56,243 |
| Net assets without donor restrictions | $1,495,669 |
| Net assets with donor restrictions | $8,034,567 |
| 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 | $9,586,479 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that South Arkansas Arts Center has recieved totaling $151,687.
| Awarding Organization | Amount |
|---|---|
Murphy Foundation El Dorado, AR PURPOSE: OPERATIONS | $135,000 |
Alderson Family Foundation El Dorado, AR PURPOSE: THEATER LIGHTS/MEMORIAL FOR LANATTER FOX | $10,000 |
William C An Theodosia Murphy Nolan Foundation El Dorado, AR PURPOSE: OPERATING BUDGET | $6,000 |
The Mason Foundation El Dordo, AR PURPOSE: GENERAL OPERATING | $600 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $87 |
Endowment Analysis
| Beg. Balance | $6,942,483 |
| Earnings | -$11,740 |
| Admin Expense | $50,242 |
| Other Expense | $210,342 |
| Ending Balance | $6,670,159 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kimbell Art Foundation Fort Worth, TX | $668,076,057 | $22,208,896 |
Fort Worth Art Association Fort Worth, TX | $70,573,501 | $16,694,058 |
Health Education Learning Project H E L P Fort Worth, TX | $21,809,617 | $21,715,181 |
Center Of Creative Arts Saint Louis, MO | $22,497,336 | $9,712,696 |
Music City Inc Nashville, TN | $1,837,848 | $7,930,504 |
Crosstown Arts Memphis, TN | $38,457,214 | $4,680,625 |
Kranzberg Arts Foundation St Louis, MO | $18,112,007 | $6,602,930 |
Association Of American Voices Saint Louis, MO | $696,688 | $3,487,679 |
Texas Advocacy Project Inc Austin, TX | $1,606,192 | $3,119,683 |
Efforts Of Grace Inc New Orleans, LA | $9,750,115 | $6,712,838 |
Memphis Equity Through Arts Meta Incorporated Memphis, TN | $5,874,530 | $7,164,597 |
Memphis In May International Festival Inc Memphis, TN | $4,677,503 | $2,273,583 |