Civic Intelligence

Lexington Area Music Alliance Inc

EIN 45-3579315 • 501(c)6 • Lexington, KY

Profile

Lexington area music alliance acts to promote and sustain the growth and vitality of the music scene in the lexington, kentucky, area through educational efforts and events. The lama mission is to serve as an incubator of ideas and to establish partnerships that encourage and support the growth of a local market sector organized around the production and performance of music.

543 Laketower Drive No 141Lexington, KY 40502

www.lamalex.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

51st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

37th percentile

-5.9%

Higher net margin than 37% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2014

Asset Growth

37th percentile

-9.3%

Faster asset growth than 37% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2017 to 2019

Revenue Growth

57th percentile

3.6%

Faster revenue growth than 57% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2017 to 2019

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$2,950

Down $634 (-18%) from 2017

Liabilities

Flat

$0

Flat from 2017

Net Assets

-

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue51st percentileNet Margin37th percentile

Revenue

Up

$4,650

Up $315 (+7.3%) from 2017

Expenses

Up

$4,926

Up $212 (+4.5%) from 2017

Net Income

Up

-$276

Up $103 (+27%) from 2017

Trend Graphs

Balance Sheet Trend

Asset Growth37th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0K$6.0K$4.0K$2.0K$0Assets 2014: $2,410Liabilities 2014: $0Net Assets 2014: $2,4102014Assets 2015: $6,270Liabilities 2015: $02015Assets 2016: $3,963Liabilities 2016: $02016Assets 2017: $3,584Liabilities 2017: $02017Assets 2019: $2,950Liabilities 2019: $02019

Highlighted filing

2019

Assets$2,950
Liabilities$0
Net Assets-
Open 2019 Filing

Operations Trend

Revenue Growth57th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30K$20K$10K$0-$10KRevenue 2014: $24,125Expenses 2014: $22,000Net Income 2014: $2,1252014Revenue 2015: $4,120Expenses 2015: $260Net Income 2015: $3,8602015Revenue 2016: $60Expenses 2016: $1,217Net Income 2016: -$1,1572016Revenue 2017: $4,335Expenses 2017: $4,714Net Income 2017: -$3792017Revenue 2019: $4,650Expenses 2019: $4,926Net Income 2019: -$2762019

Highlighted filing

2019

Revenue$4,650
Expenses$4,926
Net Income-$276
Open 2019 Filing

Filings

Most recent year

2019 • Form 990PFSummary only. Only limited summary data is available for this year.

Open filing
Assets
$2,950
Liabilities
$0
Net assets
-
Revenue
$4,650
Expenses
$4,926
Net income
-$276
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Summary only. Only limited summary data is available for this year.$2.95$0.00$4.65$4.93$0.28
2017Summary only. Only limited summary data is available for this year.$3.58$0.00$4.34$4.71$0.38
2016Summary only. Only limited summary data is available for this year.$3.96$0.00$0.06$1.22$1.16
2015Summary only. Only limited summary data is available for this year.$6.27$0.00$4.12$0.26$3.86
2014Detailed filing. Detailed filing data is available for this year.$2.41$0.00$2.41$24.1$22.0$2.13
Latest Detailed Filing

The latest 2019 filing currently has summary financial data only. Showing the latest detailed filing from 2014 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Mar 18, 2015
Return Version
2014v5.0
Gross Receipts
$24,125
Mission and Program Overview

Mission

Lexington area music alliance acts to promote and sustain the growth and vitality of the music scene in the lexington, kentucky, area through educational efforts and events. The lama mission is to serve as an incubator of ideas and to establish partnerships that encourage and support the growth of a local market sector organized around the production and performance of music.

Program Services

DescriptionGrantsExpenses
BEST OF THE BLUEGRASS SHOWCASE EVENT$0$22,000
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
TOM MARTINPresidentPT$0--
DONALD MASONVice President-$0--
ART SHECHETSecretary/Treasurer-$0--
ED COMMONSBoard Member-$0--
DIRK FRANZENBoard Member-$0--
JIM GLEASONBoard Member-$0--
RACHEL HOCKENBERRYBoard Member-$0--
ADREA LAROCHEBoard Member-$0--
BRIAN POWERSBoard Member-$0--
BOB STRANGEBoard Member-$0--
RICHARD YOUNGBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Lexington Area Music Alliance Inc
EIN
45-3579315
Phone
8598068916
Address
543 LAKETOWER DRIVE NO 141, LEXINGTON, KY 40502

Signing Officer

Name
Arthur Shechet
Title
Treasurer
Phone
8598068916
Signed
2015-03-18
Discuss with paid preparer
Yes

Preparer

Firm
Kring Ray Farley & Riddle Psc
Address
444 EAST MAIN STREET STE 203, LEXINGTON, KY 40507
Preparer
Tammy Doyle Farley
Phone
8592310541
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: office expense. Amount: 18. Description: bank charges. Amount: 102. Total to form 990-ez, line 16: 120.”

Raw XML Appendix174 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY/TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
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IRS990EZ/PrimaryExemptPurposeTxt0LEXINGTON AREA MUSIC ALLIANCE ACTS TO PROMOTE AND SUSTAIN THE GROWTH AND VITALITY OF THE MUSIC SCENE IN THE LEXINGTON, KENTUCKY, AREA THROUGH EDUCATIONAL EFFORTS AND EVENTS. THE LAMA MISSION IS TO SERVE AS AN INCUBATOR OF IDEAS AND TO ESTABLISH PARTNERSHIPS THAT ENCOURAGE AND SUPPORT THE GROWTH OF A LOCAL MARKET SECTOR ORGANIZED AROUND THE PRODUCTION AND PERFORMANCE OF MUSIC.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: OFFICE EXPENSE. AMOUNT: 18. DESCRIPTION: BANK CHARGES. AMOUNT: 102. TOTAL TO FORM 990-EZ, LINE 16: 120.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ARTHUR SHECHET
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ReturnHeader/BusinessOfficerGrp/PhoneNum08598068916
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-03-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEXINGTON AREA MUSIC ALLIANCE INC
ReturnHeader/Filer/BusinessNameControlTxt0LEXI
ReturnHeader/Filer/EIN0453579315
ReturnHeader/Filer/PhoneNum08598068916
ReturnHeader/Filer/USAddress/AddressLine1Txt0543 LAKETOWER DRIVE NO 141
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd040502
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0611015031
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KRING RAY FARLEY & RIDDLE PSC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd040507
ReturnHeader/PreparerPersonGrp/PhoneNum08592310541
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TAMMY DOYLE FARLEY
ReturnHeader/ReturnTs02015-04-27T07:56:02-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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