Nonprofit · EIN 04-6072895
LEXINGTON ARTS AND CRAFTS SOCIETY INC
Tax-exempt · LEXINGTON, MA 02421
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $790,645 | $853,626 | -$62,981 | $1,815,744 | $14,281 | $1,801,463 |
| May 31, 2024 | 990 | $721,679 | $754,451 | -$32,772 | $1,853,225 | $17,857 | $1,835,368 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $364,070
- Program service revenue
- $382,149
- Investment income
- $44,236
- Other revenue
- $190
Expenses
- Grants and similar amounts paid
- $10,000
- Compensation of officers, directors and key employees
- $145,710
- Other salaries and wages
- $230,386
- Salaries, compensation and benefits (total)
- $411,647
- Professional fundraising fees
- $0
- Accounting fees
- $54,728
- Occupancy
- $76,837
- Depreciation
- $41,703
- Program services (functional)
- $530,012
- Management and general (functional)
- $227,093
- Fundraising (functional)
- $96,521
Balance sheet and other
- Total assets, start of year
- $1,853,225
- Total assets, end of year
- $1,815,744
- Total liabilities, end of year
- $14,281
- Net assets, end of year
- $1,801,463
- Land, buildings and equipment
- $641,051
- Publicly traded securities
- $901,947
- Net assets without donor restrictions
- $1,566,767
- Net assets with donor restrictions
- $234,696
- Gross receipts
- $790,645
- Employees
- 10
- Volunteers
- 120
- Year formed
- 1952
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATTHEW SIEGAL | PRESIDENT Trustee or director, Officer | 40 | $103,656 |
| HANNAH WOLFE | CLERK Trustee or director | 20 | $34,718 |
| WAYNE DAVIS | DIRECTOR (FORMER CHAIR) Trustee or director, Officer | 6 | $0 |
| CASSANDRA GOLDWATER | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| MICHAEL LAWSON | TREASURER Trustee or director, Officer | 5 | $0 |
| RACHEL ROSENBLUM | DIRECTOR Trustee or director | 1 | $0 |
| DIANE GORDON | CHAIR Trustee or director, Officer | 1 | $0 |
| NANCY CORNELIUS | DIRECTOR Trustee or director | 1 | $0 |
| NICOLE MORDECAI | DIRECTOR Trustee or director | 1 | $0 |
| JESSIE CHEN | DIRECTOR Trustee or director | 1 | $0 |
| ALISON LAURIAT | DIRECTOR Trustee or director | 1 | $0 |
| CRYSTAL RIBICH | DIRECTOR Trustee or director | 1 | $0 |
| WILL DIXON | DIRECTOR Trustee or director | 1 | $0 |
| CAROLYN PAMPINO | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATTHEW SIEGAL | PRESIDENT Trustee or director, Officer | 40 | $94,133 |
| HANNAH WOLFE | CLERK Trustee or director | 20 | $29,045 |
| WAYNE DAVIS | DIRECTOR (FORMER CHAIR) Trustee or director, Officer | 6 | $0 |
| CASSANDRA GOLDWATER | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| MICHAEL LAWSON | TREASURER Trustee or director, Officer | 1 | $0 |
| RACHEL ROSENBLUM | DIRECTOR Trustee or director | 1 | $0 |
| DIANE GORDON | CHAIR Trustee or director, Officer | 1 | $0 |
| NANCY CORNELIUS | DIRECTOR Trustee or director | 1 | $0 |
| PETER DEMUTH | DIRECTOR Trustee or director | 1 | $0 |
| NICOLE MORDECAI | DIRECTOR Trustee or director | 1 | $0 |
| JESSIE CHEN | DIRECTOR Trustee or director | 1 | $0 |
| MOLLY NYE | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTINA GAMOTA | DIRECTOR Trustee or director | 1 | $0 |
| ALISON LAURIAT | DIRECTOR Trustee or director | 1 | $0 |
| CRYSTAL RIBICH | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 130 WALTHAM ST, LEXINGTON, MA 02421-5413
- Principal officer (990 for 2024)
- SOYON PARK, 130 WALTHAM ST, LEXINGTON, MA 02421
- Signed the 990
- SOYON PARK, TREASURER
- Phone
- (781) 862-9696
- Website
- WWW.LEXART.ORG
- Return prepared by
- NARDELLA & TAYLOR LLP
Mission
TO PROMOTE THE INTERESTS AND STANDARDS IN ARTS & CRAFTS IN THE COMMUNITY AND PROVIDE EDUCATION.
Program accomplishments
- THE SOCIETY HAS ABOUT 400 COMBINED MEMBERS AND STUDIO ARTISANS WORKING IN 9 STUDIO GROUPS. PROGRAMMING IS BROKEN INTO 3 PRIMARY AREAS, CONSISTING OF SHARED STUDIO/MAKER'S SPACES, A STUDIO EDUCATION PROGRAM OF AROUND 120 CLASSES AND WORKSHOPS ANNUALLY, AND GALLERY EXHIBITIONS, MARKETS AND FAIRS. ALL PROGRAMS ARE OPEN TO THE PUBLIC.Expenses $530,012 · grants $10,000 · revenue $382,339
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 04-6072895
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1955
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,815,744
- Income (IRS master file)
- $790,645
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $790,645 | $853,626 | $1,815,744 | XML |
| 990 | May 2024 | $721,679 | $754,451 | $1,853,225 | XML |
| 990 | May 2023 | $709,550 | $615,786 | $1,845,837 | IRS |
| 990 | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-6072895).
Questions about LEXINGTON ARTS AND CRAFTS SOCIETY INC
- What is the EIN of LEXINGTON ARTS AND CRAFTS SOCIETY INC?
- The employer identification number (EIN) of LEXINGTON ARTS AND CRAFTS SOCIETY INC is 04-6072895.
- Is LEXINGTON ARTS AND CRAFTS SOCIETY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1955.
- Are donations to LEXINGTON ARTS AND CRAFTS SOCIETY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LEXINGTON ARTS AND CRAFTS SOCIETY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LEXINGTON ARTS AND CRAFTS SOCIETY INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LEXINGTON ARTS AND CRAFTS SOCIETY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of LEXINGTON ARTS AND CRAFTS SOCIETY INC?
- The 990 for the year ended May 31, 2025 names SOYON PARK.
- Who are the officers and directors of LEXINGTON ARTS AND CRAFTS SOCIETY INC?
- The 990 for the year ended May 31, 2025 lists 14 people; 2 received compensation from the organization, the highest $103,656 (MATTHEW SIEGAL, PRESIDENT).
- How much revenue does LEXINGTON ARTS AND CRAFTS SOCIETY INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $790,645, expenses of $853,626 and total assets of $1,815,744 at year end.
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