L I F E Arts Inc
- Assets
- $454.2k
- Revenue
- $83.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Louis, MO
- Founding
- 07/2017
- Data as of
- 12/2022
- EIN
- 81-2927648
Organization Overview
L I F E Arts Inc is located in Saint Louis, MO. The organization was established in 2017. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. L I F E 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 12/2022, L I F E Arts Inc generated $83.7k 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 (25.5%) each year. All expenses for the organization totaled $83.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (24.7%) per year over the past 5 years. 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
DEVELOPING THE LEADERS OF TODAY, WHERE THEY LIVE, USING THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPOSITIONS FOR LIFE:COMPOSITIONS FOR LIFE IS A ONE ON ONE MENTORING PROGRAM FOR JUNIOR HIGH STUDENTS OF AGES 11-14. STUDENTS HAVE SESSIONS WITH MUSIC THERAPY STUDENTS AND PRACTITIONERS TO COMPOSE ORIGINAL SONGS. SESSIONS INCLUDE THE USE OF THERAPEUTIC SONGWRITING TECHNIQUES THAT FOCUS ON STUDENTS' MENTAL AND EMOTIONAL WELL-BEING.STUDENTS OF THE PROGRAM WERE GIVEN THE OPPORTUNITY TO RECORD THEIR ORIGINAL SONGS IN PROFESSIONAL RECORDING STUDIOS. COMPOSITIONS FOR LIFE PROGRAM HAS SERVED 46 STUDENTS IN FOUR LOCAL SCHOOLS. THE STUDENTS HAVE COMPOSED 27 SONGS.
AP FOR LIFE:AP FOR LIFE IS AN ARTS RESIDENCY PROGRAM THAT EMPOWERS A COHORT OF CREATIVES WITH THE FINANCIAL, ENTREPRENEURIAL, ARTISTIC, AND SOCIAL LEADERSHIP SKILLS AND PLATFORMS NECESSARY TO ENRICH CULTURE, COMMUNITIES, AND THEIR PERSONAL PURPOSE.PARTICIPANTS WERE GRANTED A $1,000 STIPEND FOR CREATIVE EMPOWERMENT AND $250 FOR AN INVESTMENT STIPEND TO COMBAT LACK OF ACCESS WHILE GENERATING WEALTH. LIKEWISE, PARTICIPANTS WERE TASKED WITH MEETING WITH A FINANCIAL ADVISOR, GENERATING A CREATIVE PROJECT, MENTORING AND HELPING LIFE ARTS PROGRAMMING, AND SERVICE TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Richard Shaw President | OfficerTrustee | 15 | $0 |
Dan Lester Director | Trustee | 5 | $0 |
Sandra Porter Marks Director | Trustee | 5 | $0 |
Harlan Hodge Director | Trustee | 5 | $0 |
Trice Canady Director | Trustee | 5 | $0 |
Tamika Mitchell Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $83,656 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,656 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,656 |
| 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 | $15,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,147 |
| 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 | $0 |
| Fees for services: Other | $67,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $126 |
| All other expenses | $0 |
| Total functional expenses | $83,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,672 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,500 |
| 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 | $1,406 |
| Net Land, buildings, and equipment | $336,670 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $454,248 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $228,625 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $228,625 |
| Net assets without donor restrictions | $0 |
| 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 | $225,623 |
| Total liabilities and net assets/fund balances | $454,248 |