Civic Intelligence

Liberty Arts Inc

EIN 56-2234909 • 501(c)3 • Durham, NC

Profile

Liberty arts is a sculpture studio and foundry whose purpose is to enrich our communities with arts experiences that inspire, empower, educate and entertain. We: - facilitate the creation of quality, saleable works of art - attract innovative and accomplished sculptures - educate aspiring artists and incubate their careers - inspire enthusiasm in our community for the scuplture arts, and - provide easy access to skills associated with the industrial arts we fulfill our mission in a way that provides an adventure to participants and visitors alike.

918 Pearl StreetDurham, NC 27701

www.liberty-arts.org

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.00x

Higher debt load relative to assets than 63% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

63rd percentile

0.00x

Higher debt load relative to revenue than 63% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

53rd percentile

3.2%

Higher net margin than 53% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

64th percentile

6.5%

Faster asset growth than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

64th percentile

11%

Faster revenue growth than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$117,618

Up $8,642 (+7.9%) from 2024

Liabilities

Up

$1,045

Up $687 (+192%) from 2024

Net Assets

Up

$116,573

Up $7,955 (+7.3%) from 2024

Operations
Liabilities / Revenue63rd percentileNet Margin53rd percentile

Revenue

Up

$430,274

Up $148,348 (+53%) from 2024

Expenses

Up

$422,319

Up $149,552 (+55%) from 2024

Net Income

Down

$7,955

Down $1,204 (-13%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth64th percentile

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

$150K$100K$50K$0Assets 2013: $44,262Liabilities 2013: $02013Assets 2014: $33,153Liabilities 2014: $0Net Assets 2014: $33,1532014Assets 2015: $35,737Liabilities 2015: $80Net Assets 2015: $35,6572015Assets 2016: $47,116Liabilities 2016: $15,000Net Assets 2016: $32,1162016Assets 2017: $48,350Liabilities 2017: $14,403Net Assets 2017: $33,9472017Assets 2018: $45,658Liabilities 2018: $12,924Net Assets 2018: $32,7342018Assets 2019: $59,935Liabilities 2019: $7,052Net Assets 2019: $52,8832019Assets 2020: $68,462Liabilities 2020: $12,791Net Assets 2020: $55,6712020Assets 2021: $94,652Liabilities 2021: $2,036Net Assets 2021: $92,6162021Assets 2022: $135,615Liabilities 2022: $2,029Net Assets 2022: $133,5862022Assets 2023: $102,296Liabilities 2023: $3,347Net Assets 2023: $98,9492023Assets 2024: $108,976Liabilities 2024: $358Net Assets 2024: $108,6182024Assets 2025: $117,618Liabilities 2025: $1,045Net Assets 2025: $116,5732025

Highlighted filing

2025

Assets$117,618
Liabilities$1,045
Net Assets$116,573
Open 2025 Filing

Operations Trend

Revenue Growth64th percentile

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

$600K$400K$200K$0-$200KRevenue 2013: $86,606Expenses 2013: $42,344Net Income 2013: $44,2622013Revenue 2014: $40,742Expenses 2014: $55,806Net Income 2014: -$15,0642014Revenue 2015: $68,131Expenses 2015: $65,627Net Income 2015: $2,5042015Revenue 2016: $92,540Expenses 2016: $96,081Net Income 2016: -$3,5412016Revenue 2017: $125,800Expenses 2017: $123,971Net Income 2017: $1,8292017Revenue 2018: $161,243Expenses 2018: $162,456Net Income 2018: -$1,2132018Revenue 2019: $206,477Expenses 2019: $186,328Net Income 2019: $20,1492019Revenue 2020: $147,186Expenses 2020: $144,398Net Income 2020: $2,7882020Revenue 2021: $224,638Expenses 2021: $187,693Net Income 2021: $36,9452021Revenue 2022: $270,931Expenses 2022: $229,961Net Income 2022: $40,9702022Revenue 2023: $254,685Expenses 2023: $289,322Net Income 2023: -$34,6372023Revenue 2024: $281,926Expenses 2024: $272,767Net Income 2024: $9,1592024Revenue 2025: $430,274Expenses 2025: $422,319Net Income 2025: $7,9552025

Highlighted filing

2025

Revenue$430,274
Expenses$422,319
Net Income$7,955
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$117,618
Liabilities
$1,045
Net assets
$116,573
Revenue
$430,274
Expenses
$422,319
Net income
$7,955
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.18$0.01$1.17$4.30$4.22$0.08
2024Detailed filing. Detailed filing data is available for this year.$1.09$0.00$1.09$2.82$2.73$0.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$0.03$0.99$2.55$2.89$0.35
2022Detailed filing. Detailed filing data is available for this year.$1.36$0.02$1.34$2.71$2.30$0.41
2021Detailed filing. Detailed filing data is available for this year.$0.95$0.02$0.93$2.25$1.88$0.37
2020Detailed filing. Detailed filing data is available for this year.$0.68$0.13$0.56$1.47$1.44$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.60$0.07$0.53$2.06$1.86$0.20
2018Detailed filing. Detailed filing data is available for this year.$0.46$0.13$0.33$1.61$1.62$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.48$0.14$0.34$1.26$1.24$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.47$0.15$0.32$0.93$0.96$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$0.68$0.66$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.33$0.41$0.56$0.15
2013Summary only. Only limited summary data is available for this year.$0.44$0.00$0.87$0.42$0.44
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Feb 27, 2026
Return Version
2025v4.0
Gross Receipts
$431,905
Mission and Program Overview

Mission

Liberty arts is a sculpture studio and foundry whose purpose is to enrich our communities with arts experiences that inspire, empower, educate and entertain. We: - facilitate the creation of quality, saleable works of art - attract innovative and accomplished sculptures - educate aspiring artists and incubate their careers - inspire enthusiasm in our community for the scuplture arts, and - provide easy access to skills associated with the industrial arts we fulfill our mission in a way that provides an adventure to participants and visitors alike.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$42,816$56,149▲ $13,333
Savings and Temporary Cash Investments$50,079$50,112▲ $33
Land, Buildings, and Equipment, Net$13,299$11,357▼ $1,942
Total Assets$108,976$117,618▲ $8,642
Other Assets Total$2,782--
Liabilities
Other Liabilities$358$1,045▲ $687
Total Liabilities$358$1,045▲ $687
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$99,436$109,477▲ $10,041
Net Assets With Donor Restrictions$9,182$7,096▼ $2,086
Total Net Assets Fund Balance$108,618$116,573▲ $7,955
Total Liabilities and Net Assets / Fund Balance$108,976$117,618▲ $8,642

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$11,357$23,558$34,915
Equipment-$9,837$9,837
Other Land Buildings-$4,031$4,031
Compensation and Service Providers
Top Officer Pay84th percentile

Board Members and Trustees

NameTitle
Jim JensonPresident
Bryan ScherichBoard Member
Cecily FergusonBoard Member
Henry SappenfieldBoard Member
Leigh HayesBoard Member
Michael RiegelBoard Member
Paul KartcheskeBoard Member
Terri StreetBoard Member
Tiffany ColeyBoard Member
Chris RichardsSecretary
Chris ArenaTreasurer
Michael WallerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$84,796
Program Service Revenue
$343,254
Investment Income
$34
Other Revenue
$2,190
All Other Contributions
$59,051
Change in Net Assets
$7,955
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$329,833
Salaries, Compensation, and Employee Benefits$92,486
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$166,694--$166,694
Occupancy$86,461--$86,461
Other Salaries and Wages$85,914--$85,914
All Other Expenses$11,586--$11,586
Advertising$6,900--$6,900
Information Technology$6,688--$6,688
Payroll Taxes$6,572--$6,572
Insurance$6,142--$6,142
Conferences and Meetings$4,994--$4,994
Other Expenses$2,980--$2,980
Office Expenses$2,653--$2,653
Depreciation Depletion$1,942--$1,942
Fees for Services Accounting$1,500--$1,500
Total Functional Expenses$422,319$0$0$422,319
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
Artist Event Reimbursements Payable$673
Sales Tax Payable$372
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
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

“A draft copy of form 990 is reviewed and approved by executive board prior to filing of the tax return.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available to the public upon request”

Filing and Contact Details

Filer

Filer Name
Liberty Arts Inc
EIN
56-2234909
Phone
9192948006
Address
918 PEARL STREET, DURHAM, NC 27701

Signing Officer

Name
Jim Jenson
Title
President
Phone
9192948006
Signed
2026-02-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Jenson
Formed
2000
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
3
Volunteers
25

Preparer

Firm
Chris Arena CPA Pllc
Address
3719 W MARKET ST STE C, GREENSBORO, NC 27403
Preparer
Chris Arena
Phone
9198082590
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Liberty arts is a sculpture studio and foundry whose purpose is to enrich our communities with arts experiences that inspire, empower, educate and entertain. We: - facilitate the creation of quality, saleable works of art - attract innovative and accomplished sculptures - educate aspiring artists and incubate their careers - inspire enthusiasm in our community for the scuplture arts, and - provide easy access to skills associated with the industrial arts we fulfill our mission in a way that provides an adventure to participants and visitors alike.”

Form 990, Page 1, Part I, Line 6

“Volunteers are utilized throughout the year to assist with events as needed. The majority of volunteer work is for our annual iron pour fundraising event.”

Form 990, Part IX, Line 11G

“Payroll service fees 779 0 0 outsource fundraiser 16,000 0 0 bank fees 45 0 0 art sales artist commissions 2,466 0 0 0 0 0 classes class fee for instructors 97,428 0 0 merchant service fees 10,869 0 0 0 0 0 iron pour & other events security 900 0 0 merchant service fees 150 0 0 delivery & freight 770 0 0 entertainers & dj 6,433 0 0 artist compensation 14,210 0 0 other contract services 12,853 0 0 equipment & tool rental 3,791 0 0 total 166,694 0 0”

Raw XML AppendixShowing 400 of 404 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LIBERTY ARTS IS A SCULPTURE STUDIO AND FOUNDRY WHOSE PURPOSE IS TO ENRICH OUR COMMUNITIES WITH ARTS EXPERIENCES THAT INSPIRE, EMPOWER, EDUCATE AND ENTERTAIN. WE: - FACILITATE THE CREATION OF QUALITY, SALEABLE WORKS OF ART - ATTRACT INNOVATIVE AND ACCOMPLISHED SCULPTURES - EDUCATE ASPIRING ARTISTS AND INCUBATE THEIR CAREERS - INSPIRE ENTHUSIASM IN OUR COMMUNITY FOR THE SCUPLTURE ARTS, AND - PROVIDE EASY ACCESS TO SKILLS ASSOCIATED WITH THE INDUSTRIAL ARTS WE FULFILL OUR MISSION IN A WAY THAT PROVIDES AN ADVENTURE TO PARTICIPANTS AND VISITORS ALIKE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VOLUNTEERS ARE UTILIZED THROUGHOUT THE YEAR TO ASSIST WITH EVENTS AS NEEDED. THE MAJORITY OF VOLUNTEER WORK IS FOR OUR ANNUAL IRON POUR FUNDRAISING EVENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT COPY OF FORM 990 IS REVIEWED AND APPROVED BY EXECUTIVE BOARD PRIOR TO FILING OF THE TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PAYROLL SERVICE FEES 779 0 0 OUTSOURCE FUNDRAISER 16,000 0 0 BANK FEES 45 0 0 ART SALES ARTIST COMMISSIONS 2,466 0 0 0 0 0 CLASSES CLASS FEE FOR INSTRUCTORS 97,428 0 0 MERCHANT SERVICE FEES 10,869 0 0 0 0 0 IRON POUR & OTHER EVENTS SECURITY 900 0 0 MERCHANT SERVICE FEES 150 0 0 DELIVERY & FREIGHT 770 0 0 ENTERTAINERS & DJ 6,433 0 0 ARTIST COMPENSATION 14,210 0 0 OTHER CONTRACT SERVICES 12,853 0 0 EQUIPMENT & TOOL RENTAL 3,791 0 0 TOTAL 166,694 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0JIM JENSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09192948006
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-02-27
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHRIS ARENA CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03719 W MARKET ST STE C
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENSBORO
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ReturnHeader/PreparerPersonGrp/PreparationDt02026-02-27
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ReturnHeader/ReturnTs02026-02-27T15:38:21-05:00

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