Locust Projects INC
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Showcases site-specific art, bridging museums and commercial galleries. For fiscal year 2023 it reported $1.7M in revenue, $1.2M in expenses, and $585K in net assets.Pt I
Summary of the Filing
Where the work happens
Provided exhibition space and public exposure for site-specific visual artwork by presenting works of several local, national and international artists.
Provided incubator grants to visionary artists for innovative publicly accessible projects through wavemaker program.
Provided intensive art summer camp for high school students with an interest in art, design and exploring creative careers to learn from professional artists.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Lorie Mertes’s $168K as Executive Director is at the 73rd percentile of top reported officer pay among 3916 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|
| Lorie Mertes | $167,500 | $157,400 | $137,850 | $124,400 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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 | 73% | — | — |
| Overhead ratio | 10% | — | — |
| Fundraising cost ratio | 12% | — | — |
| Revenue growth | 85% | — | — |
| Legal fee ratio | 1% | — | — |
| Accounting fee ratio | 2% | — | — |
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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Filings & Schedule Manifest
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Sources
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