Civic Intelligence

Lea Community Foundation for the Ar

EIN 46-4885386 • 501(c)3 • Lovington, NM

Profile

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.

PO Box 635Lovington, NM 88260

www.leacfa.org

Siviq Scores

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

Liabilities / Assets

66th percentile

0.01x

Higher debt load relative to assets than 66% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

66th percentile

0.00x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

87th percentile

42%

Higher net margin than 87% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

99th percentile

1336%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

94th percentile

145%

Faster revenue growth than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$102,692

Up $95,542 (+1336%) from 2016

Liabilities

Down

$914

Down $169 (-16%) from 2016

Net Assets

Up

$101,778

Up $95,711 (+1578%) from 2016

Operations
Liabilities / Revenue66th percentileNet Margin87th percentile

Revenue

Up

$229,004

Up $135,547 (+145%) from 2016

Expenses

Up

$133,293

Up $35,285 (+36%) from 2016

Net Income

Up

$95,711

Up $100,262 (+2203%) from 2016

Trend Graphs

Balance Sheet Trend

Asset Growth99th percentile

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

$150K$100K$50K$0Assets 2015: $10,618Net Assets 2015: $10,6182015Assets 2016: $7,150Liabilities 2016: $1,083Net Assets 2016: $6,0672016Assets 2017: $102,692Liabilities 2017: $914Net Assets 2017: $101,7782017

Highlighted filing

2017

Assets$102,692
Liabilities$914
Net Assets$101,778
Open 2017 Filing

Operations Trend

Revenue Growth94th percentile

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

$300K$200K$100K$0-$100KRevenue 2015: $46,853Expenses 2015: $36,235Net Income 2015: $10,6182015Revenue 2016: $93,457Expenses 2016: $98,008Net Income 2016: -$4,5512016Revenue 2017: $229,004Expenses 2017: $133,293Net Income 2017: $95,7112017

Highlighted filing

2017

Revenue$229,004
Expenses$133,293
Net Income$95,711
Open 2017 Filing

Filings

Most recent year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$102,692
Liabilities
$914
Net assets
$101,778
Revenue
$229,004
Expenses
$133,293
Net income
$95,711
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet 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
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jan 16, 2018
Return Version
2017v2.3
Gross Receipts
$229,004
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,709$101,319▲ $96,610
Cash and Non-Interest-Bearing Accounts$2,441$1,373▼ $1,068
Total Assets$7,150$102,692▲ $95,542
Liabilities
Other Liabilities$1,083$914▼ $169
Total Liabilities$1,083$914▼ $169
Net Assets / Fund Balance
Unrestricted Net Assets$6,067$101,778▲ $95,711
Total Net Assets Fund Balance$6,067$101,778▲ $95,711
Total Liabilities and Net Assets / Fund Balance$7,150$102,692▲ $95,542

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$101,319$53,921$155,240
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Michael DodsonPresident
Ben ArguijoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$169,926
Program Service Revenue
$59,078
Investment Income
$0
Other Revenue
$0
All Other Contributions
$169,926
Change in Net Assets
$95,711
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$101,158
Salaries, Compensation, and Employee Benefits$32,135
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$39,008--$39,008
Other Salaries and Wages$32,135--$32,135
All Other Expenses$7,609--$7,609
Other Expenses$5,252--$5,252
Fees for Services Accounting$4,460--$4,460
Insurance$3,710--$3,710
Travel$2,262--$2,262
Advertising$1,020--$1,020
Office Expenses$98--$98
Total Functional Expenses$133,293$0$0$133,293
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$914
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The form 990 is reviewed and approved by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“All governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Lea Community Foundation for the
EIN
46-4885386
Phone
5753080446
Address
PO BOX 635, LOVINGTON, NM 88260

Signing Officer

Name
Michael Dodson
Title
President
Phone
5756021697
Signed
2018-01-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Dodson
Voting Board Members
5
Independent Board Members
5
Employees
14

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 - ORGANIZATION'S 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.”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
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ReturnHeader/FilingSecurityInformation/IPTm019:35:47
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THE FINANCIAL FIRM LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02320 N KINGSLEY DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOBBS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0882402290
ReturnHeader/PreparerPersonGrp/PhoneNum05753922221
ReturnHeader/PreparerPersonGrp/PreparationDt02018-04-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DENNIS WILSON CPA
ReturnHeader/ReturnTs02018-04-16T18:35:47-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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