Totals
- Total revenue
- $944,724
- Total expenses
- $903,994
- Contributions and grants received
- $437,866
- Grants paid
- $0
- Program service revenue
- $411,697
- Investment income
- $12,111
- Other revenue
- $83,050
- Total assets, end of year
- $3,031,510
- Total liabilities, end of year
- $265,176
- Net assets or fund balances, end of year
- $2,766,334
- Program services expenses (Part IX)
- $476,411
- Management and general expenses
- $378,362
- Fundraising expenses
- $49,221
- Program service expenses (Part III)
- $476,411
Program services were 52.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$76,244
-
1f · All other contributions, gifts and grants
$361,622
-
2a · Program service revenue: Exhibition & Education
total $408,999 · related or exempt $408,999
-
2b · Program service revenue: Studio Rental
total $2,698 · related or exempt $2,698
-
3 · Investment income
total $12,111 · excluded $12,111
-
8a · Fundraising events: gross income
$95,268
-
8b · Fundraising events: direct expenses
$12,218
-
8c · Net income from fundraising events
total $83,050 · excluded $83,050
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $77,251 · program services $57,938 · management and general $11,588 · fundraising $7,725
-
7 · Other salaries and wages
total $245,062 · program services $73,519 · management and general $147,037 · fundraising $24,506
-
8 · Pension plan contributions
total $5,991 · program services $1,798 · management and general $3,594 · fundraising $599
-
9 · Other employee benefits
total $28,805 · program services $8,641 · management and general $17,283 · fundraising $2,881
-
10 · Payroll taxes
total $23,222 · program services $6,968 · management and general $13,933 · fundraising $2,321
-
11c · Fees: accounting
total $31,100 · management and general $31,100
-
11g · Fees: other
total $31,864 · management and general $31,864
-
12 · Advertising and promotion
total $11,817 · program services $11,817
-
13 · Office expenses
total $6,694 · management and general $6,694
-
14 · Information technology
total $3,608 · program services $1,804 · management and general $1,804
-
16 · Occupancy
total $48,856 · program services $9,600 · management and general $39,256
-
19 · Conferences, conventions and meetings
total $2,558 · management and general $2,558
-
20 · Interest
total $9,216 · management and general $9,216
-
22 · Depreciation, depletion and amortization
total $35,898 · program services $26,923 · management and general $5,385 · fundraising $3,590
-
23 · Insurance
total $11,458 · management and general $11,458
-
24a · Other expenses: Artist & Instructor Pay
total $123,540 · program services $123,540
-
24b · Other expenses: Art Purchases
total $53,784 · program services $53,784
-
24c · Other expenses: Artist Commissions & Aw
total $44,025 · program services $44,025
-
24d · Other expenses: Education Programs
total $33,258 · program services $33,258
-
24e · All other expenses
total $75,987 · program services $22,796 · management and general $45,592 · fundraising $7,599
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $391,255 · end of year $443,308
-
2 · Savings and temporary cash investments
end of year $113,279
-
3 · Pledges and grants receivable
beginning of year $582,077 · end of year $484,420
-
4 · Accounts receivable
beginning of year $49,390 · end of year $2,000
-
10a · Land, buildings and equipment: cost or other basis
$1,310,037
-
10b · Land, buildings and equipment: accumulated depreciation
$144,269
-
10c · Land, buildings and equipment, net
beginning of year $1,201,665 · end of year $1,165,768
-
11 · Investments: publicly traded securities
beginning of year $10,000 · end of year $10,000
-
12 · Investments: other securities
beginning of year $720,925 · end of year $812,735
-
17 · Accounts payable and accrued expenses
beginning of year $7,407 · end of year $26,986
-
19 · Deferred revenue
beginning of year $48,102 · end of year $38,913
-
23 · Secured mortgages and notes payable
beginning of year $212,086 · end of year $199,277
-
27 · Net assets without donor restrictions
beginning of year $1,243,042 · end of year $1,209,534
-
28 · Net assets with donor restrictions
beginning of year $1,444,675 · end of year $1,556,800
Mission and programs · 2023
Mission
To improve lives through visual arts education, community outreach, and artist support.
-
LVA's Curate, Purchase, Inspire (CPI) is a recently added program funded by a single donor. A local artist is chosen to curate the purchase of art for a public space, thereby giving experience and resources to artists who haven't had access previously.
Expenses $80,000 · Revenue $100,000
-
LVA's CFAC program provises art education programs for after school in elementary and middle schools.
Expenses $58,707 · Revenue $35,482
-
LVA's Open Doors Program brings art education and art activities to traditionally ignored communities.
Expenses $11,620 · Revenue $17,500
-
Expenses $326,084 · Revenue $258,715
As filed on the 2023 return.
Listed in Part VII
-
Beverly Cote
President
- Total calculated
- $0
- Hours/week
- 1
-
Rob King
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Nicole Humphrey
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth B Feldpausch
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Don Cartwright
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jon Cherry
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jake Theisen
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Andren Cozzens
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth Fennell
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Susan Hallenbert
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Kathy Killerich
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Stewart Hoertz
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Logan Gholson
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Alexander Marks
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Conor Murphy
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Tanelle Sawyer
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Scott Smith
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Nathaniel Spencer
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Grant Johnson
Interim Executive Director
- Total calculated
- $70,040
- From this org
- $70,040
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 5 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530369349300328
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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