Lorien Academy Of The Arts Inc
- Assets
- $99.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 08/2017
- Data as of
- 08/2023
- EIN
- 82-2409144
Organization Overview
Lorien Academy Of The Arts Inc is located in Charlotte, NC. The organization was established in 2017. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lorien Academy Of The 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 08/2023, Lorien Academy Of The Arts Inc generated $150.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $92.1k during the year ending 08/2023. While expenses have increased by 2.6% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex J Duer Treasurer | 1 | $0 | |
Victor Nicholson Co-Chair | 1 | $0 | |
Wanda G Clark Co-Chair | 2 | $0 | |
Jason Tuttle Vice-Chair | 1 | $0 | |
Mai Li Munoz Director At-Large | 1 | $0 | |
Lauren A Abisch Interim Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,532 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $150,532 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $59,321 |
| Professional fees and other payments to independent contractors | $6,000 |
| Occupancy, rent, utilities, and maintenance | $6,700 |
| Printing, publications, postage, and shipping | $1,514 |
| Other expenses | $18,602 |
| Total expenses | $92,137 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $74,920 |
| Other assets | $0 |
| Total assets | $99,515 |
| Total liabilities | $1,934 |
| Net assets or fund balances | $97,581 |