LAKE CITY CREATIVE ALLIANCE

EIN: 810787988 501(c)(3) Arts, Culture & Humanities

LAKE CITY, SC

Total Revenue
$3,966,757
Total Expenses
$2,808,883
Total Assets
$2,043,620
Net Assets
$2,043,620
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
SC
Principal Officer
HARRY LESESNE
Phone
8433740180
Tax Period
2023-01-01 to 2023-12-31

LAKE CITY CREATIVE ALLIANCE, founded in 2015, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.0M in total revenue in fiscal year 2023. Revenue surged 294% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 29% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO FOSTER A CULTURALLY-RICH ENVIRONMENT IN THE REGION AND TOSERVE AS A LEADER IN THE CULTIVATION AND ENHANCEMENT OF THE REGION'S CREATIVE ECONOMY BY CREATING, SPONSORING, OR PROMOTING PROGRAMS THAT CONNECT THE COMMUNITY THROUGH THE ARTS, MUSIC, HISTORY AND CULTURE OF THE REGION; ADVANCE THE CONSERVATION, PRESERVATION, AND PROMOTION OF THE REGION'S ARTISTIC, MUSICAL, CULTURAL AND HISTORIC RESOURCES; OFFER COMMUNITY OUTREACH PROGRAMS THAT PROVIDE ASSISTANCE TO ECONOMICALLY DISADVANTAGED MEMBERS OF THE COMMUNITY; HOST COMMUNITY EVENTS AND FESTIVALS; INTEGRATE THE ARTS, MUSIC, HISTORY AND CULTURE OF THE REGION INTO THE COMMUNITY'S SCHOOLS AND EDUCATION SYSTEM; INCREASE TOURISM AND PROVIDE TOURISM BASED INITIATIVES; AND POSITIVELY IMPACT THE QUALITY OF LIFE FOR ALL CITIZENS IN THE GREATER LAKE CITY AREA THROUGH THE ARTS AND SOCIAL PROGRAMS.

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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 $3,560,000
Program Service Revenue $403,923
Investment Income $110
Other Revenue $2,724
TOTAL REVENUE $3,966,757

Expense Breakdown

Grants Paid $0
Salaries & Benefits $858,533
Fundraising Expenses $44,313
Program Expenses $2,458,501
Other Expenses $1,950,350
TOTAL EXPENSES $2,808,883

Year-over-Year Comparison

2023 2022 Change
Revenue $3,966,757 $1,006,288 +2.9%
Expenses $2,808,883 $2,066,727 +0.4%
Net Income $1,157,874 $-1,060,439 -2.1%
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
5
Independent Members
5
Employees
35
Volunteers
200

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
$100,000
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROGER KIRBY DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER MISHOE DIRECTOR 1.00
Director
$0 $0 $0
LATASHA ROBINSON DIRECTOR 1.00
Director
$0 $0 $0
LEE NETTLES CHAIRMAN 2.00
Officer
$0 $0 $0
GLADNEY LANE SECRETARY/TREASURER 1.00
Officer
$0 $0 $0
HARRY LESESNE EXECUTIVE DIRECTOR-PART YE 5.00
Officer
$0 $0 $0
EDWARD BETHEA EXECUTIVE DIRECTOR-PART YE 5.00
Officer
$100,000 $0 $100,000
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
2024 No data No data No data No data
2023 $3,966,757 $2,808,883 $2,043,620 $1,157,874
2022 $1,006,288 $2,066,727 $885,746 $-1,060,439
2021 $1,561,888 $1,618,441 $1,946,185 $-56,553
2020 $313,280 $1,622,885 $2,218,618 $-1,309,605
2019 $6,382,070 $3,658,800 $3,312,343 $2,723,270
2018 $2,395,674 $2,238,681 $589,223 $156,993
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