Overview
What is Lubbock Arts Alliance Inc?
Lubbock Arts Alliance Inc, located in Lubbock, Texas, is a vibrant nonprofit organization with a mission to promote and celebrate art within the community. They accomplish this by showcasing local, regional, and national artists, reaching an audience of around 20,000 individuals and 2,500+ school children annually. The alliance fosters the creation, appreciation, and understanding of various art forms, serving as a significant cultural hub in the Lubbock community. With a dedicated team of five employees, Lubbock Arts Alliance Inc plays a crucial role in enriching the artistic landscape and engaging the local population.
Official website here: www.lubbockarts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star Rating
The Lubbock Arts Alliance Inc has achieved an 81% score, which translates to a Three-Star rating on Charity Navigator. This rating is indicative of strong accountability and financial health, with the score derived solely from its Accountability & Finance metrics. The organization has demonstrated a commitment to transparency and governance, showcasing an independent board composed entirely of independent members.
Strengths of the Lubbock Arts Alliance include a high program expense ratio of 87.28%, indicating that a significant portion of its funds is allocated directly to its programs and services. Additionally, the nonprofit has established comprehensive policies, including those for conflict of interest, whistleblower protections, and document retention, contributing to its overall accountability. The organization also maintains a solid liabilities to assets ratio of 40.76%, reinforcing its financial stability.
While the rating is strong, it is essential for potential donors and supporters to consider ongoing engagement and funding needs, as with any nonprofit. Overall, the Lubbock Arts Alliance Inc appears to be a well-managed organization focused on its mission in the arts community.
This AI summary has been generated from information found on Charity Navigator.
Is Lubbock Arts Alliance Inc legitimate?
Lubbock Arts Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lubbock Arts Alliance Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $118,810
Professional Fundraising Fees: $0
Other Salaries and Wages: $49,808
For more financial information, click here
Official website here: www.lubbockarts.org
What is the mission statement of Lubbock Arts Alliance Inc?
The Lubbock Arts Alliance Inc is committed to promoting the creation, understanding, and enjoyment of arts within its community. This non-profit organization strives to provide top-notch visual, performing, and children's art programs, serving an audience of over 20,000 individuals and 2,500+ school children. Through its activities, Lubbock Arts Alliance highlights local, regional, and national artists, fostering a community-wide celebration of the arts.
Official website here: www.lubbockarts.org
Who is the CEO of Lubbock Arts Alliance Inc?
Elizabeth Grigsby is the Executive Dir. of Lubbock Arts Alliance Inc.
Official website here: www.lubbockarts.org
What is the revenue of Lubbock Arts Alliance Inc?
Lubbock Arts Alliance Inc's revenue in 2022 was $612,271.
Official website here: www.lubbockarts.org
Who are the executives of Lubbock Arts Alliance Inc and what are their salaries?
The average compensation at Lubbock Arts Alliance Inc during 2022 was $33,724. There are 5 employees and 100 volunteers at Lubbock Arts Alliance Inc.
Here are 11 key members and their salaries:
- Compensation: $118,810
- Related: $0
- Other: $0
- Compensation: $1,500
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- Other: $0
- Compensation: $1,140
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.lubbockarts.org
Where can I find the form 990 for Lubbock Arts Alliance Inc?
Lubbock Arts Alliance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lubbockarts.org
Learn more at the official website: www.lubbockarts.org
Mission Statement of Lubbock Arts Alliance Inc
Lubbock Arts Alliance Inc is dedicated to promoting the creation, appreciation, and enjoyment of art within and surrounding its community. The organization's mission is to serve as a catalyst, bringing local, regional, and national artists to an audience of over 20,000 individuals and 2,500+ school children. By showcasing a diverse range of visual, performing, and children's art programs, Lubbock Arts Alliance Inc aims to foster a community-wide celebration of the arts, encouraging both participation and understanding of various artistic expressions.
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Impact
July, 2024
Lubbock Arts Alliance Inc fosters the creation, understanding, and enjoyment of the arts in and around the Lubbock community. By providing top-notch visual, performing, and children's art programs, they host a community-wide celebration of the arts that showcases local, regional, and national artists to an audience of over 20,000 individuals and 2,500+ school children. Their impact is significant in promoting artistic expression and cultural enrichment in Lubbock, Texas.
This information is meant to be a general summary of Lubbock Arts Alliance Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,726
- Program Service Revenue: $64,811
- Gross Receipts: $638,657
Assets and Liabilities:
- Total Assets: $573,902
- Total Liabilities: $377,938
- Net Assets: $195,964
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LUBBOCK ARTS FESTIVAL
Revenue
$64,811
Organization Details
Founding Year
1969
Phone
(806) 744-2787Principal Officer
Elizabeth Grigsby
Main Address
PO BOX 5092, LUBBOCK, TX, 79408
Website
www.lubbockarts.orgNTEE Category
Code: A260 - Arts
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