Parachute Factory
720 BRYAN AVE
LEXINGTON KY 40505
Contact Information
Nonprofit Parachute Factory
Address 720 BRYAN AVE
LEXINGTON, KY 40505
Phone (865) 696-0871
Contact Name Stevie Morrison
At A Glance
IRS Ruling Year 2016
Other ways to donate, support, or volunteer Monetary donations can be made to the Parachute Factory by contacting Stevie Morrison at stevie@parachutefactorylex.com. We accept in-kind donations when possible, and are always in need of volunteers to help us staff events, perform gallery maintenance, or staff open gallery hours.
Financial Summary
Revenue vs Expenses - All Years
Expense Breakdown - Recent Year
Statements
Mission Statement Located in the heart of Lexington’s Northside, The Parachute Factory exists as a non-profit, multi-use space to promote artistic endeavors and community engagement. We provide a friendly and inviting exhibition space for artists that not only heralds artistic merit, but also thrives through community outreach.
Background Statement

The Parachute Factory was launched by a group of local artists from the Lexington Guild of Printmakers in 2016. The space was born out of a need for a professional exhibition space accessible to both artists and community members alike. When presented with an affordable space in an old parachute factory warehouse, Guild members seized the opportunity. Three weeks and over 150 volunteer hours later, TPF opened its doors to the public with its first exhibition. 

 
TPF founders quickly realized they were not alone in search for a quality multi-use space. Within days of opening, there were requests coming in to use the space for art exhibitions, ukulele lessons, music shows, and theatre rehearsals. This compelling response confirmed that the direct community would truly benefit from the existence of TPF.

In addition to its ability to accommodate all branches of the arts, The Parachute Factory is volunteer-run and community-driven; all events are free and open to the public.

Impact Statement

Our goals and accomplishments rely heavily on our mission statement. As a volunteer group of artists living and working on the Northside of Lexington, we are passionate about providing a professional space for all areas of the arts. The results of our efforts are qualitative rather than quantitative. They appear in smiling community members enjoying art, food, and stories together in our space.They appear in our artists feeling more confident about their work from new engagement in a professional space. They appear in the music shows, the poetry nights, the drag shows, and the community sing events.

Some of our more quantitative accomplishments in 2017 were:

1) We hosted ten month-long gallery exhibitions, nine featuring Kentucky artists.

2) We hosted 21 community events, all free and open to the public.

3) We received our first major private donation, allowing us to undergo major renovation of our space. We installed drywall over our cinder block walls and installed fans for heat and air circulation.

4) We designated a volunteer coordinator and launched a volunteer program.

In 2018, we hope to continue doing what we’re doing, but do it more, and do it better:

1) Feature Kentucky-specific artists, focusing on those benefiting our community the most.

2) Host 25-30 community events, focusing more closely on events that directly serve our community.

3) Partner with other collectives that share our vision for more accessible community art projects.

4) Raise enough funds to make our space handicap accessible, which will include the construction of a ramp and a new, ADA-compliant door.

Needs Statement
The Parachute Factory accepts both monetary and in-kind donations. Here are a few things on the list for 2018:
 
1) Monetary donations for operating costs
2) Monetary and in-kind donations for handicap accessibility renovations 
3) Social Media Manager (in-kind or volunteer)
4) Gallery Assistant (in-kind or volunteer)
5) Volunteers!
Geographic Areas Served
Areas
Kentucky
Fayette County
The Parachute Factory is a space open to all people, but scheduling preference is given to those living or working on the North and East Ends of Lexington.
Board Chair
Board Chair Sarah Brown
Company Affiliation Gallery Director
Term May 2016 to
Board Members
NameAffiliationStatus
Ellen McCannRegistrarVoting
Sarah BrownGallery DirectorVoting
Greg LamerGallery AssistantVoting
Stevie MorrisonCommunity Events Director, Facilities ManagerVoting
Board Demographics - Ethnicity. Add number
Asian American/Pacific Islander 0
Caucasian 4
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Board Demographics - Gender
Male 1
Female 3
Unspecified 0
Governance
Board Term Lengths 3
Board Term Limits 0
Board Meeting Attendance % 100%
Written Board Selection Criteria? Under Development
Written Conflict of Interest Policy? No
Percentage Making Monetary Contributions 0%
Percentage Making In-Kind Contributions 0%
Number of Full Board Meetings Annually 12
Board Co-Chair
Board CoChair Stevie Morrison
Company Affiliation Community Events Director
Term May 2016 to
CEO/Executive Director
Executive Director Sarah Brown
Term Start May 2016
Email sarah@parachutefactorylex.com
Co-CEO
Co-CEO Stevie Morrison
Term Start May 2016
Staff
Full Time Staff 0
Part Time Staff 4
Volunteers 7
Contractors 0
Retention Rate 0%
Staff Demographics - Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 4
Hispanic/Latino 0
Native American/American Indian 0
Staff Demographics - Gender
Male 1
Female 3
Unspecified 0
Description Month-long visual arts exhibitions accepted and scheduled through a biannual open call on the website. The Parachute Factory provides a friendly and inviting exhibition space for artists that not only herald artistic merit, but also thrive through community outreach. Preference is given to artists and community members interested in the specific environment provided at TPF, and the exhibitions are free and open to the public to both apply and attend.
Description The Parachute Factory accepts applications for community events including, but not limited to, music shows, literary readings, performances, and community meetings. These events must be free and open to the public. 
Plans & Policies
Organization has a Fundraising Plan? Under Development
Organization has a Strategic Plan?
Management Succession Plan? No
Organization Policy and Procedures No
Nondiscrimination Policy No
Whistleblower Policy No
Document Destruction Policy No
Directors and Officers Insurance Policy No
Financials
Revenue vs Expenses - All Years
Expense Breakdown - Recent Year
Fiscal Year
Fiscal Year Start Jan 01, 2018
Fiscal Year End Dec 31, 2018
Projected Revenue $16,025.00
Projected Expenses $41,025.00
Detailed Financials
Expense Allocation
Fiscal Year201720162015
Program Expense$9,688----
Administration Expense$1,400----
Fundraising Expense------
Payments to Affiliates------
Total Revenue/Total Expenses1.38----
Program Expense/Total Expenses87%----
Fundraising Expense/Contributed Revenue------
Assets and Liabilities
Fiscal Year201720162015
Total Assets$5,388----
Current Assets$5,388----
Long-Term Liabilities------
Current Liabilities------
Total Net Assets$5,388----
Form 990s
2017 990n
Capital Campaign
Currently in a Capital Campaign? No
Campaign Purpose TBA
Dates June 2018 to Dec 2018
Capital Campaign Anticipated in Next 5 Years? Yes
Address 720 BRYAN AVE
LEXINGTON, KY 40505
Primary Phone 865 696-0871
CEO/Executive Director Sarah Brown
Board Chair Sarah Brown
Board Chair Company Affiliation Gallery Director