Lafayette Art Association
- Assets
- $47.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lafayette, LA
- Founding
- 09/1982
- Data as of
- 12/2023
- EIN
- 72-6020860
Organization Overview
Lafayette Art Association is located in Lafayette, LA. The organization was established in 1982. 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. Lafayette Art Association 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 12/2023, Lafayette Art Association generated $33.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $43.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 5 years. 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
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE A FREE OR LOW COST VENUE FOR THE DISPLAY AND SALE OF AMATEUR ARTWORKS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Palmer Member At Large | 0.5 | $0 | |
Margo Baker President | 4 | $0 | |
Sharon Brotherton Treasurer | 4 | $0 | |
Susan Chiqulein Corresponding Secretary | 2 | $0 | |
Laci Smith Recording Secretary | 2 | $0 | |
Bonnie Camos 2nd Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,331 |
| Total Program Service Revenue | $0 |
| Membership dues | $9,135 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,289 |
| Other Revenue | $0 |
| Total Revenue | $33,856 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $35,379 |
| Printing, publications, postage, and shipping | $3,515 |
| Other expenses | $5,012 |
| Total expenses | $43,906 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $44,399 |
| Other assets | $0 |
| Total assets | $47,858 |
| Total liabilities | $3,144 |
| Net assets or fund balances | $44,714 |