LUX CENTER FOR THE ARTS

EIN: 470629528 501(c)(3) Arts, Culture & Humanities

LINCOLN, NE

Total Revenue
$803,137
Total Expenses
$969,878
Total Assets
$2,060,745
Net Assets
$2,018,716
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
NE
Principal Officer
JOE SHAW
Phone
4024668692
Tax Period
2023-07-01 to 2024-06-30

LUX CENTER FOR THE ARTS, founded in 1978, is a small nonprofit in the Arts, Culture & Humanities sector that reported $803K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $970K exceeded revenue, resulting in a 21% operating deficit.

Mission

THE PURPOSE OF LUX CENTER FOR THE ARTS IS TO PROMOTE AND HELP ACHIEVE A GREATER UNDERSTANDING AND APPRECIATION OF ART BY PROVIDING A WIDE VARIETY OF QUALITY ART SHOWN IN A PROFESSIONAL ATMOSPHERE FOR THE ENJOYMENT OF THE COMMUNITY AND FOR THE BENEFIT AND INSTRUCTION OF STUDENTS OF THE ARTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $446,988
Program Service Revenue $215,169
Investment Income $5,947
Other Revenue $135,033
TOTAL REVENUE $803,137

Expense Breakdown

Grants Paid $0
Salaries & Benefits $675,235
Fundraising Expenses $42,500
Program Expenses $751,855
Other Expenses $294,643
TOTAL EXPENSES $969,878

Year-over-Year Comparison

2023 2022 Change
Revenue $803,137 $900,657 -0.1%
Expenses $969,878 $917,123 +0.1%
Net Income $-166,741 $-16,466 +9.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
55
Volunteers
50

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✓ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$73,591
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM MORFELD CHAIR 1.00
Officer Director
$0 $0 $0
ALEXANDARA ROTH VICE CHAIR 1.00
Officer Director
$0 $0 $0
JENA NICOLE LAMBERT SECRETARY 1.00
Officer Director
$0 $0 $0
ELLEN BEANS TREASURER 1.00
Officer Director
$0 $0 $0
SHAWN RYBA DIRECTOR 1.00
Director
$0 $0 $0
JAMI FRISTO DIRECTOR 1.00
Director
$0 $0 $0
NIC NORMAN DIRECTOR 1.00
Director
$0 $0 $0
GARRETT SCHWINDT DIRECTOR 1.00
Director
$0 $0 $0
JORDAN LAMBRECHT DIRECTOR 1.00
Director
$0 $0 $0
CESAR GARCIA DIRECTOR 1.00
Director
$0 $0 $0
JOE SHAW EXECUTIVE DI 40.00
Officer
$73,591 $0 $73,591
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $803,137 $969,878 $2,060,745 $-166,741
2023 $900,657 $917,123 $2,214,884 $-16,466
2022 $750,900 $852,213 $2,230,600 $-101,313
2021 $746,199 $611,705 $2,353,211 $134,494
2020 $527,583 $539,966 $2,265,058 $-12,383
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