THE LIVING ARTS & SCIENCE CENTER INC

EIN: 610675663 501(c)(3) Arts, Culture & Humanities

LEXINGTON, KY

Total Revenue
$635,208
Total Expenses
$953,058
Total Assets
$4,186,299
Net Assets
$4,051,690
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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
KY
Principal Officer
JEANETTE TESMER
Phone
8592525222
Tax Period
2023-07-01 to 2024-06-30

THE LIVING ARTS & SCIENCE CENTER INC, founded in 1968, is a small nonprofit in the Arts, Culture & Humanities sector that reported $635K in total revenue in fiscal year 2023. Expenses of $953K exceeded revenue, resulting in a 50% operating deficit.

Mission

THE LIVING ARTS & SCIENCE CENTER INSPIRES PARTICIPATION IN THE ARTS AND SCIENCES BY ENGAGING AND EDUCATING THE COMMUNITY THROUGH DISCOVERY, EXPLORATION, AND CREATIVITY.

Program Service Accomplishments

Program 1
Expenses: $752,112 Revenue: $213,071

SUMMER CAMPS:WATCH CREATIVITY GROW WITH WEEK-LONG SUMMER CAMPS FOR KIDS PRE-K TO HIGH-SCHOOL. STUDENTS HAVE THE OPPORTUNITY TO IMMERSE THEMSELVES IN AN AMAZING VARIETY OF CLASSES. VIRTUAL...

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SUMMER CAMPS:WATCH CREATIVITY GROW WITH WEEK-LONG SUMMER CAMPS FOR KIDS PRE-K TO HIGH-SCHOOL. STUDENTS HAVE THE OPPORTUNITY TO IMMERSE THEMSELVES IN AN AMAZING VARIETY OF CLASSES. VIRTUAL CLASSES:ONLINE FREE OPPORTUNITIES AND TUITION OPPORTUNITIES. FUN AND LEARNING IS STILL VERY MUCH HAPPENING AT THE LASC. STUDENTS PRE-SCHOOL THROUGH ADULT CAN ENJOY ONLINE CLASSES AND VIDEOS THAT SPARK THEIR IMAGINATION IN A FUN, INSPIRING, ACCESSIBLE AND SAFE WITH FIRST-CLASS INSTRUCTION. SPRING BREAK CAMPS:STUDENTS HAVE THE OPPORTUNITY TO IMMERSE THEMSELVES IN AN AMAZING VARIETY OF IN PERSON CLASSES. LUNCH PERIOD IS INCLUDED FOR STUDENTS, BYOL (BRING YOUR OWN LUNCH). FREE TIME PROVIDED OUTDOORS WHEN WEATHER PERMITS. AFTERCARE AVAILABLE. 2021-2022 DISCOVERY EXHIBIT: THE SCIENCE OF COLOR AND LIGHT:THE SCIENCE OF COLOR & LIGHT IS LASC'S NEWEST DISCOVERY EXHIBIT WHERE CURIOUS MINDS CAN EXPLORE THE SCIENCE BEHIND THE WORLD WE SEE. GUESTS WILL HAVE THE OPPORTUNITY TO EXPERIMENT WITH HANDS-ON ACTIVITIES, EXAMINE SHADOWS AND COLOR MIXING WHILE EXPLORING OUR COLOR SHADOW WALL, AND LEARN ABOUT INFRARED IMAGING! WATCH COLORS CHANGE WITH BREAKING WHITE LIGHT INTO A COLORFUL RAINBOW AND TINKER WITH 3D PRINTED OBJECTS. PARTICIPANTS WILL ALSO GET THE CHANCE TO MANIPULATE LIGHT AND SHADOWS AND EVEN TRY YOUR HAND AT COLOR MIXING! MOOSNICK MAKERSPACE:INSPIRES CREATIVITY, CONNECTS COMMUNITY AND FACILITATES COLLABORATION THROUGH MULTI-DISCIPLINARY AND EVER EVOLVING ACTIVITIES FOR FAMILIES AND CHILDREN 6 AND UNDER. COMBINING PRINCIPALS OF ART AND SCIENCE, THE MAKER SPACE PROVIDES A "ZONE" FOR SELF-DIRECTED LEARNING, COLLABORATION AND INTERGENERATIONAL EXCHANGES THROUGH AN OPEN CONCEPT OF SHARING MATERIALS AND IDEAS AND ADDING ON TO WHAT WAS CREATED BEFORE. WITH A VARIETY OF ROTATING ACTIVITY BINS, AS WELL AS FACILITATED ACTIVITIES, GUESTS WILL ENJOY BUILDING, CREATING, DESIGNING, EXPERIMENTING, WIRING, ANIMATING, AND REPURPOSING A HOST OF INTERESTING MATERIALS! ACTIVITIES OFTEN PROVIDE DEEPER LEARNING EXPERIENCES RELATED TO CURRENT EXHIBITS OR PROGRAMS AT THE LASC.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $423,852
Program Service Revenue $195,115
Investment Income $2
Other Revenue $16,239
TOTAL REVENUE $635,208

Expense Breakdown

Grants Paid $0
Salaries & Benefits $456,487
Fundraising Expenses $16,836
Program Expenses $752,112
Other Expenses $496,571
TOTAL EXPENSES $953,058

Year-over-Year Comparison

2023 2022 Change
Revenue $635,208 $598,807 +0.1%
Expenses $953,058 $819,271 +0.2%
Net Income $-317,850 $-220,464 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
19
Independent Members
19
Employees
26
Volunteers
45

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
$72,040
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARKUS CROSS PRESIDENT AND DIRECTOR 1.00
Officer Director
$0 $0 $0
ANNA CLAIRE SKINNER SECRETARY AND DIRECTOR 1.00
Officer Director
$0 $0 $0
KELEIGH ARNETT TREASURER AND DIRECTOR 1.00
Officer Director
$0 $0 $0
JOHN SPIRES DIRECTOR 0.50
Director
$0 $0 $0
BART HUFNAGEL DIRECTOR 0.50
Director
$0 $0 $0
BEN HAYDON DIRECTOR 0.50
Director
$0 $0 $0
JACOB SIZEMORE DIRECTOR 0.50
Director
$0 $0 $0
BRADFORD QUEEN DIRECTOR 0.50
Director
$0 $0 $0
RAMONA FRY DIRECTOR 0.50
Director
$0 $0 $0
ROBERTA BURNES DIRECTOR 0.50
Director
$0 $0 $0
BEN GREEN DIRECTOR 0.50
Director
$0 $0 $0
STEVIE MOORE DIRECTOR 0.50
Director
$0 $0 $0
LAURA NEWMAN-SUTER DIRECTOR 0.50
Director
$0 $0 $0
RYESSIA RUSSELL DIRECTOR 0.50
Director
$0 $0 $0
SHAWN FREEMAN DIRECTOR 0.50
Director
$0 $0 $0
NATALEE CARTIER DIRECTOR 0.50
Director
$0 $0 $0
TONY LONGO DIRECTOR 0.50
Director
$0 $0 $0
LIN WU DIRECTOR 0.50
Director
$0 $0 $0
RANIA BELMADANI DIRECTOR 0.50
Director
$0 $0 $0
JEANETTE TESMER EXECUTIVE DIRECTOR 40.00
Officer
$72,040 $0 $72,040
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 $635,208 $953,058 $4,186,299 $-317,850
2023 $598,807 $819,271 $4,458,458 $-220,464
2022 $645,337 $792,960 $4,687,840 $-147,623
2021 $593,924 $662,730 $4,970,497 $-68,806
2020 $672,663 $897,916 $4,967,884 $-225,253
2019 $816,237 $992,396 $5,157,725 $-176,159
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