Lake City Creative Alliance

Nonprofit profile at a glance

EIN
810787988
IRS 990 coverage
2017–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Lake City, SC, USA
Phone
8433740180
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Reported finances

Revenue
$2,790,722
Expenses
$2,660,114
Assets
$2,174,228
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • HARRY LESESNE (EXECUTIVE DIRECTOR)

People named in this filing

  • ROGER KIRBY (DIRECTOR)
  • CHRISTOPHER MISHOE (DIRECTOR)
  • LATASHA ROBINSON (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the organization is to foster a culturally-rich environment in the region and to serve 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.

What it reported doing in 2024

Outreachthe community outreach program focused on food and clothing distribution. Lcca held diaper day(s) monthly throughout the year, college care baskets were provided for students going off to college who qualified for the assistance through the center. A backpack event was held in late summer providing backpacks and school supplies to children.santa's workshop toys were collected throughout the year and given out in december to families at the resource center. Repack the backpack- the resource center partnered with outside organizations to provide school supplies for children. Soles for souls-purchased a new pair of shoes for school age children partnered with shoe show in lake city.community baby shower- various baby items were provided for those in need at the community babyshower.thanksgiving baskets were provided filled with fixings for thanksgiving dinner were given out in november.resource centerhosted a drive thru event and distributed aluminum bakeware.the community garden continued to grow in 2024. Produce planted was given out to the community. The resource hosted a number of classes to the public involving gardening tips, food preparation and storing. The resource hosted drive through events featuring gift bags for both mother's day and father's day.

Operating model

Revenue model
Donor-supported. 86% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 92
  • Accountability: 88
  • Sustainability: 54
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.2%; rating input score 82
  • Program expense ratio: 86.2%; rating input score 86
  • Fundraising efficiency: $42.29 raised per $1 spent on fundraising; rating input score 76; 76th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 4.7%; rating input score 50; 50th percentile among comparable filings
  • Total-asset coverage ratio: 0.82; rating input score 30; 30th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: 3.2% per year; rating input score 100; 29th percentile among comparable filings
  • Revenue growth: 1.1% per year; rating input score 100; 16th percentile among comparable filings
  • Asset growth: 8.4% per year; rating input score 100; 52nd percentile among comparable filings

Details

  • Where the money goes: 82.2% of revenue deployed · 86.2% of spending went to programs
  • Governance: 6 of 6 board members independent · 5 of 7 filing controls reported
  • Programs: 4 filed program accomplishments · $2.3M in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 7 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Review — Sustainability: Operating margin scored 50/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 30/100.