Overview
What is The Lafayette Society For Performing Arts Inc?
The Lafayette Society for Performing Arts Inc, located in LaGrange, Georgia, serves as a significant patron to the local performing arts scene in Troup County. With a team of 39 dedicated individuals, their mission is to promote, cultivate, and enhance the performing arts experiences for the community. They accomplish this by offering financial, managerial, and promotional support to various local performing arts companies. This empowerment provides artistic training and performance opportunities for local talent. Additionally, through their artistic companies, they deliver a diverse array of high-quality performance-based presentations, aiming to foster a deeper appreciation for the performing arts in west central Georgia. The society also houses the Lafayette Center for Dance and Lafayette Ballet Company, which offer dance instruction in various forms and produce top-notch ballet performances for the community.
Official website here: www.lsparts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 55%, One-Star out of Four Star rating.
The Lafayette Society For Performing Arts Inc has received a low rating of 55%, reflecting concerns primarily related to its financial management and operational transparency. While the organization scores well in areas such as having a fully independent board and no material diversion of assets, there are significant weaknesses that hinder its overall performance rating.
The organization's accountability and finance score reflects a lack of a whistleblower policy, which is critical for fostering transparency and trust within the organization. Additionally, while its program expense ratio stands at 52.32%, which indicates that less than half of its expenses are directed towards programs, this low percentage negatively impacts its overall financial efficiency rating.
On a positive note, the Lafayette Society demonstrates strong governance practices, as evidenced by the independent board size and the listing of its website on tax forms. However, without improvements in its financial practices and the implementation of key policies, it may struggle to enhance its standing and attract further support from the community and donors.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Lafayette Society For Performing Arts Inc?
92% of 7 reviewers on Facebook recommend The Lafayette Society for Performing Arts Inc. Here is a summary of their reviews:
The positive sentiment surrounding the organization highlights satisfaction with the merchandise offerings, particularly noting good prices on items like shirts. Although the reviews are limited, they suggest that patrons appreciate the value provided, contributing to a favorable perception of the nonprofit. Overall, supporters seem to feel positively about their interactions and the services available.
This AI summary has been generated from reviews found on Facebook.
Is The Lafayette Society For Performing Arts Inc legitimate?
The Lafayette Society For Performing Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lafayette Society For Performing Arts 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $523,505
For more financial information, click here
Official website here: www.lsparts.org
What is the mission statement of The Lafayette Society For Performing Arts Inc?
The Lafayette Society for Performing Arts Inc, often referred to as LSPA, is dedicated to enhancing and promoting the performing arts experiences for all residents of Troup County. They achieve this goal by offering managerial, promotional, and financial support to various local performing arts companies. This assistance enables these companies to provide artistic training and performing opportunities for local talent. Moreover, LSPA's artistic companies present a diverse range of high-quality performance-based presentations for the community's enjoyment. The organization also works towards fostering a deeper appreciation for the performing arts in West Central Georgia.
Official website here: www.lsparts.org
What is the revenue of The Lafayette Society For Performing Arts Inc?
The Lafayette Society For Performing Arts Inc's revenue in 2024 was $1,237,877.
Official website here: www.lsparts.org
Who are the executives of The Lafayette Society For Performing Arts Inc and what are their salaries?
The average compensation at The Lafayette Society For Performing Arts Inc during 2024 was $13,776. There are 38 employees and 40 volunteers at The Lafayette Society For Performing Arts Inc.
Here are 13 key members and their salaries:
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Official website here: www.lsparts.org
Where can I find the form 990 for The Lafayette Society For Performing Arts Inc?
The Lafayette Society For Performing Arts Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.lsparts.org
Learn more at the official website: www.lsparts.org
Mission Statement of The Lafayette Society For Performing Arts Inc
The Lafayette Society for Performing Arts Inc is dedicated to promoting, cultivating, nurturing, and enhancing the performing arts experiences for all residents of Troup County. They achieve this mission by offering managerial, promotional, and financial support to numerous local performing arts companies. This assistance enables these companies to provide artistic training and performing opportunities for talented individuals in the area. Furthermore, through its artistic companies, the Lafayette Society for Performing Arts Inc delivers a diverse array of high-quality performance-based presentations for the enjoyment of the wider community. By doing so, the organization aims to foster a deeper appreciation for the performing arts in West Central Georgia.
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Impact
July, 2024
The Lafayette Society For Performing Arts Inc, through its various programs and initiatives, plays a crucial role in promoting, cultivating, and enhancing the performing arts experiences for all Troup County residents. By providing managerial, promotional, and financial support to numerous local performing arts companies, the organization creates opportunities for artistic training and performance for area talent. Additionally, the artistic companies under LSPA deliver a wide variety of high-quality performance-based presentations for the community, enriching the cultural landscape of West Central Georgia and fostering a greater appreciation for the performing arts. Through initiatives like the Lafayette Center for Dance and the Lafayette Ballet Company, LSPA contributes significantly to the local arts scene and engages audiences ranging from 1,400 to 2,000 for all showings. This commitment to excellence in the arts has a meaningful impact on the community, enriching lives and bringing people together through the power of performance art.
This information is meant to be a general summary of The Lafayette Society For Performing Arts 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 2024.
- Investment Income: $968
- Program Service Revenue: $602,262
- Gross Receipts: $1,251,419
Assets and Liabilities:
- Total Assets: $1,163,750
- Total Liabilities: $88,039
- Net Assets: $1,075,711
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION & FEES
Revenue
$436,347
TICKET SALES
Revenue
$165,915
Organization Details
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