Laurel Arts FY2022 filing
Laurel Arts is an arts and culture nonprofit based in Somerset, PA. For fiscal year 2022 it reported $478K in revenue, $485K in expenses, and $318K in net assets.Pt I
- Type
- Public charity (501(c)(3)) · Arts & Culture
- Location
- Somerset, PA
- Website
- www.laurelarts.org
- Filings
- 5 on file (2020–2022)
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Summary of the Filing
Where the work happens
Laurel Arts Dance
Students from kindergarten to 12TH grade enroll in a 9-MONTH class in ballet, tap, jazz, pointe or performance. There were 116 students with a year-end recital attended by 350 individuals.
Studio Kids Pre-School
Provide a preschool program with a unique academic and arts focused curriculum. The approach calls for the integration of the arts as a tool for cognitive linguistic and social development. The program has provided services to 40 students.
Classes and summer camps in the arts. The various classes have provided services to 291 individuals and the summer camps provided services to 201 students.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 72% | — | — |
| Overhead ratio | 20% | — | — |
| Fundraising cost ratio | 22% | — | — |
| Revenue growth | 2% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 2% | — | — |
| Fundraising fee ratio | 0% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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