Arts Of Southern Kentucky Inc
- Assets
- $7.1m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 45
- Location
- Bowling Green, KY
- Founding
- Data as of
- 06/2022
- EIN
- 85-3668279
Organization Overview
Arts Of Southern Kentucky Inc is located in Bowling Green, KY. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Arts Of Southern Kentucky Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arts Of Southern Kentucky 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 06/2022, Arts Of Southern Kentucky Inc generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 51.2% each year . All expenses for the organization totaled $2.9m during the year ending 06/2022. 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
THE ORGANIZATION'S PRIMARY PURPOSE IS TO PROMOTE, SPONSOR, CULTIVATE, AND DEVELOP AN APPRECIATION AND UNDERSTANDING OF THE PERFORMING AND VISUAL ARTS IN THE SOUTH CENTRAL KENTUCKY REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SERVES AS THE SOLE AND EXCLUSIVE AGENT OF SKYPAC IN MANAGING AND OPERATING THE PERFORMANCE CENTER, PROVIDING CULTURAL ENRICHMENT, ENTERTAINMENT, AND EDUCATIONAL EVENTS FOR THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President & | OfficerTrustee | 1 | $140,500 |
Elizabeth Sigler Chair | OfficerTrustee | 1 | $0 |
Joe L Davis Chair Elect | OfficerTrustee | 1 | $0 |
Rita Scott Secretary | OfficerTrustee | 1 | $0 |
Steven Wheeler Treasurer | OfficerTrustee | 1 | $0 |
Brent Bjorkman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,155,482 |
| Related organizations | $0 |
| Government grants | $1,479,248 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,089,819 |
| Noncash contributions included in lines 1a–1f | $1,052,119 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,724,549 |
| Total Program Service Revenue | $1,693,188 |
| Investment income | $7,751 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,020 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,434,508 |
| 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 | $839,935 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $191,571 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,926 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $178,834 |
| Office expenses | $56,823 |
| Information technology | $13,800 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,946 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $314 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $125,878 |
| Insurance | $27,897 |
| All other expenses | $217,312 |
| Total functional expenses | $2,868,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,137,817 |
| Savings and temporary cash investments | $10,131 |
| Pledges and grants receivable | $561,815 |
| Accounts receivable, net | $907,786 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,721 |
| Prepaid expenses and deferred charges | $132,313 |
| Net Land, buildings, and equipment | $1,020,045 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $280,250 |
| Total assets | $7,056,878 |
| Accounts payable and accrued expenses | $591,821 |
| Grants payable | $0 |
| Deferred revenue | $1,493,304 |
| 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 | $62,500 |
| Total liabilities | $2,147,625 |
| Net assets without donor restrictions | $4,905,753 |
| Net assets with donor restrictions | $3,500 |
| 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 | $7,056,878 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Arts Of Southern Kentucky Inc has recieved totaling $3,334.
| Awarding Organization | Amount |
|---|---|
Baird Foundation Inc Milwaukee, WI PURPOSE: ARTS | $3,334 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kauffman Center For The Performing Arts Kansas City, MO | $435,789,864 | $9,136,596 |
Columbus Association For The Performing Arts Inc Columbus, OH | $47,823,383 | $16,173,985 |
Victoria Theatre Association Dayton, OH | $35,834,057 | $28,922,737 |
Starlight Theatre Association Of Kansas City Inc Kansas City, MO | $43,695,119 | $27,963,583 |
Connect2culture Joplin, MO | $4,192,804 | $8,724,322 |
Music And Dance Theater Chicago Inc Chicago, IL | $59,585,451 | $8,251,636 |
Cincinnati Arts Association Cincinnati, OH | $56,926,622 | $8,741,930 |
Historic Tennessee Theatre Foundation Knoxville, TN | $32,949,657 | $9,927,493 |
Luther F Carson Four Rivers Center Inc Paducah, KY | $59,072,684 | $5,458,266 |
Embassy Theatre Foundation Inc Fort Wayne, IN | $19,673,626 | $5,039,603 |
Playhouse Square Development Corporation Cleveland, OH | $842,822 | $0 |
Arts In Stark Canton, OH | $26,886,137 | $1,886,035 |