Liabilities / Assets
80th percentile
Higher debt load relative to assets than 80% of similar nonprofits.
Lea Community Foundation for the Ar
990EZ • Fiscal year 2016 • EIN 46-4885386
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.15x
Liabilities / Revenue
64th percentile
Higher debt load relative to revenue than 64% of similar nonprofits.
Net Margin
30th percentile
Higher net margin than 30% of similar nonprofits.
Top Officer Pay
75th percentile
Higher top officer pay than 75% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
14th percentile
Faster asset growth than 14% of similar nonprofits.
Revenue Growth
93rd percentile
Faster revenue growth than 93% of similar nonprofits.
Balance Sheet
Assets
Down$7,150
Down $3,468 (-33%) from 2015
Net Assets
Down$6,067
Down $4,551 (-43%) from 2015
Liabilities
$1,083
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Up$93,457
Up $46,604 (+99%) from 2015
Expenses
Up$98,008
Up $61,773 (+170%) from 2015
Net Income
Down-$4,551
Down $15,169 (-143%) from 2015
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2016 to Dec 31, 2016
- Signed
- Jan 17, 2017
- Return Version
- 2016v3.0
- Gross Receipts
- $93,457
Mission and Program Overview
Mission
The mission of the foundation is to develop and promote community interest in the arts and enrich life in southeast new mexico through educational, artistic and cultural opportunities. It shall be the purpose of this foundation to aid, encourage, advise and correlate all activities dedicated to the promotion of cultural arts in lovington and neighboring communities. Believing that a dynnamic cultural atmosphere can be of economic as well as aesthetic value to the area by attracting industry and appealing to prospective residents, this foundation is created to provide the neutral ground where the total program of the visual and performing arts in the area can be integrated, given direction and expanded.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| AID, ENCOURAGE, ADVISE AND CORRELATE ALL ACTIVITIES DEDICATED TO THE PROMOTION OF CULTURAL ARTS. | - | $98,008 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| CONNIE SEVIER | President | - | $0 | - | - |
| ROSIE INSILAN | Vice-Preside | - | $0 | - | - |
| BEN ARGUIJO | Treasurer | - | $0 | - | - |
| MICHAEL DODSON | Secretary | - | $0 | - | - |
| KALLIE WINDSOR | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Lea Community Foundation for the Ar
- EIN
- 46-4885386
- Phone
- 5753080446
- Address
- PO BOX 635, LOVINGTON, NM 88260
Signing Officer
- Name
- Connie Sevier
- Title
- President
- Phone
- 5753080446
- Signed
- 2017-01-17
- Discuss with paid preparer
- Yes
Preparer
- Firm
- The Financial Firm LLC
- Address
- 2320 N KINGSLEY DR, HOBBS, NM 88240-2290
- Preparer
- Dennis Wilson CPA
- Phone
- 5753922221
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses advertising 6,220 conference, convention, meet 248 insurance 2,985 bank charges 668 cleaning/laundry 24 outside contract services 176 contract services - other 573 maintenance 4,177 books, subscriptions 390 supplies 45,329 telephone 1,883 operations - other 528 taxes 30 non-investment depreciation 3,140 total 66,371”
Form 990-ez, Part II, Line 24
“19,622 19,622 less accumulated depreciation 11,773 14,913 total 7,849 4,709”
Form 990-ez, Part II, Line 26
“Payroll liabilities 0 1,083”
Form 990-ez, Part III
“The mission of the foundation is to develop and promote community interest in the arts and enrich life in southeast new mexico through educational, artistic and cultural opportunities. It shall be the purpose of this foundation to aid, encourage, advise and correlate all activities dedicated to the promotion of cultural arts in lovington and neighboring communities. Believing that a dynnamic cultural atmosphere can be of economic as well as aesthetic value to the area by attracting industry and appealing to prospective residents, this foundation is created to provide the neutral ground where the total program of the visual and performing arts in the area can be integrated, given direction and expanded.”
Raw XML Appendix135 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | CONNIE SEVIER |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 5753080446 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 635 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | LOVINGTON |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NM |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 88260 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 2769 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 2441 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 6339 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -4551 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 6158 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 10618 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 7150 |
| IRS990EZ/GrossReceiptsAmt | 0 | 93457 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 10618 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 6067 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 10618 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 6067 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 87 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | CONNIE SEVIER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | ROSIE INSILAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | BEN ARGUIJO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | MICHAEL DODSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | KALLIE WINDSOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE-PRESIDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 7849 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 4709 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 66371 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE MISSION OF THE FOUNDATION IS TO DEVELOP AND PROMOTE COMMUNITY INTEREST IN THE ARTS AND ENRICH LIFE IN SOUTHEAST NEW MEXICO THROUGH EDUCATIONAL, ARTISTIC AND CULTURAL OPPORTUNITIES. IT SHALL BE THE PURPOSE OF THIS FOUNDATION TO AID, ENCOURAGE, ADVISE AND CORRELATE ALL ACTIVITIES DEDICATED TO THE PROMOTION OF CULTURAL ARTS IN LOVINGTON AND NEIGHBORING COMMUNITIES. BELIEVING THAT A DYNNAMIC CULTURAL ATMOSPHERE CAN BE OF ECONOMIC AS WELL AS AESTHETIC VALUE TO THE AREA BY ATTRACTING INDUSTRY AND APPEALING TO PROSPECTIVE RESIDENTS, THIS FOUNDATION IS CREATED TO PROVIDE THE NEUTRAL GROUND WHERE THE TOTAL PROGRAM OF THE VISUAL AND PERFORMING ARTS IN THE AREA CAN BE INTEGRATED, GIVEN DIRECTION AND EXPANDED. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 106 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 87118 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | AID, ENCOURAGE, ADVISE AND CORRELATE ALL ACTIVITIES DEDICATED TO THE PROMOTION OF CULTURAL ARTS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 98008 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 25286 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 1083 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 98008 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 98008 |
| IRS990EZ/TotalRevenueAmt | 0 | 93457 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.LEACFA.ORG |
| IRS990ScheduleA/First5Years509Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 6339 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 16018 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 22357 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 87118 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 32630 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 119748 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 142105 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 93457 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 48648 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 142105 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 93457 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 48648 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 142105 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES ADVERTISING 6,220 CONFERENCE, CONVENTION, MEET 248 INSURANCE 2,985 BANK CHARGES 668 CLEANING/LAUNDRY 24 OUTSIDE CONTRACT SERVICES 176 CONTRACT SERVICES - OTHER 573 MAINTENANCE 4,177 BOOKS, SUBSCRIPTIONS 390 SUPPLIES 45,329 TELEPHONE 1,883 OPERATIONS - OTHER 528 TAXES 30 NON-INVESTMENT DEPRECIATION 3,140 TOTAL 66,371 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 19,622 19,622 LESS ACCUMULATED DEPRECIATION 11,773 14,913 TOTAL 7,849 4,709 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | PAYROLL LIABILITIES 0 1,083 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE MISSION OF THE FOUNDATION IS TO DEVELOP AND PROMOTE COMMUNITY INTEREST IN THE ARTS AND ENRICH LIFE IN SOUTHEAST NEW MEXICO THROUGH EDUCATIONAL, ARTISTIC AND CULTURAL OPPORTUNITIES. IT SHALL BE THE PURPOSE OF THIS FOUNDATION TO AID, ENCOURAGE, ADVISE AND CORRELATE ALL ACTIVITIES DEDICATED TO THE PROMOTION OF CULTURAL ARTS IN LOVINGTON AND NEIGHBORING COMMUNITIES. BELIEVING THAT A DYNNAMIC CULTURAL ATMOSPHERE CAN BE OF ECONOMIC AS WELL AS AESTHETIC VALUE TO THE AREA BY ATTRACTING INDUSTRY AND APPEALING TO PROSPECTIVE RESIDENTS, THIS FOUNDATION IS CREATED TO PROVIDE THE NEUTRAL GROUND WHERE THE TOTAL PROGRAM OF THE VISUAL AND PERFORMING ARTS IN THE AREA CAN BE INTEGRATED, GIVEN DIRECTION AND EXPANDED. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CONNIE SEVIER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5753080446 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2017-01-17 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LEA COMMUNITY FOUNDATION FOR THE AR |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LEAC |
| ReturnHeader/Filer/EIN | 0 | 464885386 |
| ReturnHeader/Filer/PhoneNum | 0 | 5753080446 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 635 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | LOVINGTON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NM |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 88260 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 8121C706F1E2B9800E7C9D68128880B97850CB7F |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 8121C706F1E2B9800E7C9D68128880B97850CB7F |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | THE FINANCIAL FIRM LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2320 N KINGSLEY DR |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | HOBBS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NM |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 882402290 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5753922221 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2017-02-17 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | DENNIS WILSON CPA |
| ReturnHeader/ReturnTs | 0 | 2017-02-17T14:16:26-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2016-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2016-12-31 |
| ReturnHeader/TaxYr | 0 | 2016 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $7,150
- Liabilities
- $1,083
- Net assets
- $6,067
- Revenue
- $93,457
- Expenses
- $98,008
- Net income
- -$4,551
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2017Detailed filing. Detailed filing data is available for this year. | $1.03 | $0.01 | $1.02 | $2.29 | $1.33 | $0.96 |
| 2016Detailed filing. Detailed filing data is available for this year. | $0.07 | $0.01 | $0.06 | $0.93 | $0.98 | $0.05 |
| 2015Detailed filing. Detailed filing data is available for this year. | $0.11 | $0.11 | $0.47 | $0.36 | $0.11 | |