LIBERTY ARTS INC

EIN: 562234909 501(c)(3) Arts, Culture & Humanities

DURHAM, NC

Total Revenue
$430,274
Total Expenses
$422,319
Total Assets
$117,618
Net Assets
$116,573
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
NC
Principal Officer
JIM JENSON
Phone
9192948006
Tax Period
2025-01-01 to 2025-12-31

LIBERTY ARTS INC, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $430K in total revenue in fiscal year 2025. Revenue surged 53% from the prior year, signaling strong growth momentum.

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.

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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 (2025)

Revenue Breakdown

Contributions & Grants $84,796
Program Service Revenue $343,254
Investment Income $34
Other Revenue $2,190
TOTAL REVENUE $430,274

Expense Breakdown

Grants Paid $0
Salaries & Benefits $92,486
Fundraising Expenses $0
Program Expenses $422,319
Other Expenses $329,833
TOTAL EXPENSES $422,319

Year-over-Year Comparison

2025 2024 Change
Revenue $430,274 $281,926 +0.5%
Expenses $422,319 $272,767 +0.5%
Net Income $7,955 $9,159 -0.1%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
12
Employees
3
Volunteers
25

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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS ARENA TREASURER 10.00
Officer Director
$0 $0 $0
TIFFANY COLEY BOARD MEMBER 5.00
Director
$0 $0 $0
CECILY FERGUSON BOARD MEMBER 5.00
Director
$0 $0 $0
LEIGH HAYES BOARD MEMBER 10.00
Director
$0 $0 $0
JIM JENSON PRESIDENT 10.00
Officer Director
$0 $0 $0
PAUL KARTCHESKE BOARD MEMBER 2.00
Director
$0 $0 $0
CHRIS RICHARDS SECRETARY 10.00
Officer Director
$0 $0 $0
MICHAEL RIEGEL BOARD MEMBER 2.00
Director
$0 $0 $0
HENRY SAPPENFIELD BOARD MEMBER 2.00
Director
$0 $0 $0
BRYAN SCHERICH BOARD MEMBER 2.00
Director
$0 $0 $0
TERRI STREET BOARD MEMBER 5.00
Director
$0 $0 $0
MICHAEL WALLER VICE PRESIDE 10.00
Officer Director
$0 $0 $0
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 $430,274 $422,319 $117,618 $7,955
2024 $281,926 $272,767 $108,976 $9,159
2023 $254,685 $289,322 $102,296 $-34,637
2022 $270,931 $229,961 $135,615 $40,970
2021 $224,638 $187,693 $94,652 $36,945
2020 $147,186 $144,398 $68,462 $2,788
2019 $206,477 $186,328 $59,935 $20,149
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