Totals
- Total revenue
- $490,254
- Total expenses
- $431,482
- Contributions and grants received
- $303,819
- Grants paid
- $0
- Program service revenue
- $3,258
- Investment income
- $40,198
- Other revenue
- $142,979
- Total assets, end of year
- $2,899,944
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $2,899,944
- Program services expenses (Part IX)
- $383,543
- Management and general expenses
- $47,939
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $383,543
Program services were 88.9% 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.
-
1f · All other contributions, gifts and grants
$303,819
-
2a · Program service revenue: PROGRAM SERVICE REVENUE
total $3,258 · related or exempt $3,258
-
3 · Investment income
total $40,198 · excluded $40,198
-
6a · Gross rents
real property $142,979
-
6c · Rental income or loss
real property $142,979
-
6d · Net rental income or loss
total $142,979 · excluded $142,979
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $5,218 · management and general $5,218
-
11g · Fees: other
total $84,895 · program services $67,916 · management and general $16,979
-
22 · Depreciation, depletion and amortization
total $192,324 · program services $192,324
-
23 · Insurance
total $21,196 · management and general $21,196
-
24a · Other expenses: SUPPLIES
total $40,535 · program services $40,535
-
24b · Other expenses: CONTRACT SERVICES
total $37,417 · program services $37,417
-
24c · Other expenses: UTILITIES
total $16,381 · program services $12,286 · management and general $4,095
-
24d · Other expenses: REPAIRS & MAINTENANCE
total $10,257 · program services $10,257
-
24e · All other expenses
total $23,259 · program services $22,808 · management and general $451
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $988,875 · end of year $971,655
-
4 · Accounts receivable
beginning of year $20,000
-
9 · Prepaid expenses and deferred charges
beginning of year $4,095 · end of year $4,095
-
10a · Land, buildings and equipment: cost or other basis
$3,820,318
-
10b · Land, buildings and equipment: accumulated depreciation
$1,896,124
-
10c · Land, buildings and equipment, net
beginning of year $1,828,202 · end of year $1,924,194
-
27 · Net assets without donor restrictions
beginning of year $2,841,172 · end of year $2,899,944
Mission and programs · 2023
Mission
THE CHARLES ADAMS STUDIO PROJECT WILL SERVE AS A CORNERSTONE IN THE LUBBOCK ARTS DISTRICT BY DEVELOPING AND SUSTAINING A VIABLE WORKING ARTISTS' COMMUNITY.
-
THE DEVELOPMENT AND OPERATION OF PROPERTIES WITHIN THE LUBBOCK ARTS DISTRICT PURPOSED TO FACILITATE ARTIST RESIDENT STUDIOS, GALLERIES, AND RELATED SUPPORT FACILITIES.
Expenses $383,543
As filed on the 2023 return.
Listed in Part VII
-
CHARLES ADAMS
FOUNDER
- Total calculated
- $0
- Hours/week
- 1
-
JOE ARREDONDO
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
BRIANNA BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ELIZABETH BURROWS
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
BRIAN ETCHISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAVID HENRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
EBTESAM ISLAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SHANNON ISOM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARLOWE MALOUF LAWSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CLAIRE LEAVELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TED LIGGETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KELLY MARBLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JASON MEDINA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAN ODOM
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
SHARON PRATHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHRIS TIREY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
BRETT WOMBLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
THE LOUISE HOPKINS UNDERWOOD CENTER
501C3 · ARTS · TX
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521269349301862
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