Overview
What is Waterfall Arts?
Waterfall Arts is a distinguished nonprofit organization located in Belfast, Maine, at 256 High Street. The organization came into existence due to a generous donation of a local glassblowing artist's studio contents and collaborative efforts to establish the only full-time, community-based, public-access glassblowing facility in the state. Waterfall Arts has forged partnerships with local schools to offer art curriculum in the studio, contributing a unique offering to the area. The pandemic led to decreases in participation, but Waterfall Arts' pay-what-you-can model has made the classes more accessible to those who may not typically be able to afford them. The organization's mission is to provide equal access to arts, design, and creative collaboration for individuals of all ages and abilities within the Belfast and Montville communities in Waldo County, Maine. With a team of eight dedicated employees, Waterfall Arts continues to enrich the local artistic landscape and foster creativity.
Official website here: www.waterfallarts.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: Zero-Star out of Four Star rating (37%)
Waterfall Arts has received a low score of 37%, resulting in a Zero-Star rating on Charity Navigator. This rating indicates significant concerns regarding the organization’s accountability and financial practices. While the organization boasts an entirely independent board and has listed its conflict of interest and document retention policies, it falls short in critical areas, particularly in financial transparency.
One of the major weaknesses highlighted is the absence of financial statements and the missing tax form on its website, which severely impacts its financial accountability score. Additionally, despite a decent program expense ratio of 43.05%, the liabilities to assets ratio of 40.10% raises concerns about financial stability. The organization does have positive indicators such as no material diversion of assets, suggesting that funds are not being misused.
However, the lack of a whistleblower policy and financial documentation severely undermines the trust that potential donors and stakeholders might place in Waterfall Arts. Overall, while there are strengths in governance, the significant gaps in financial reporting and accountability are notable limitations that the organization needs to address.
This AI summary has been generated from information found on Charity Navigator.
Is Waterfall Arts legitimate?
Waterfall Arts is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waterfall Arts submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $267,254
For more financial information, click here
Official website here: www.waterfallarts.org
What is the mission statement of Waterfall Arts?
Waterfall Arts strives to make arts, design, and creative collaboration accessible to individuals of all ages and abilities within their community. They accomplish this by providing a platform that encourages collaboration and creativity. Notably, they have established a unique public-access glassblowing facility, thanks to a local artisan's generous donation of studio contents. This facility has been instrumental in attracting greater participation in classes, particularly due to the pandemic-induced decrease in participation. To ensure inclusivity, Waterfall Arts operates under a pay-what-you-can model, making it possible for individuals who may not otherwise afford the classes to participate.
Official website here: www.waterfallarts.org
Who is the CEO of Waterfall Arts?
Kim Fleming is the Executive Director of Waterfall Arts.
Official website here: www.waterfallarts.org
What is the revenue of Waterfall Arts?
Waterfall Arts's revenue in 2021 was $827,974.
Official website here: www.waterfallarts.org
Who are the executives of Waterfall Arts and what are their salaries?
The average compensation at Waterfall Arts during 2021 was $33,407. There are 8 employees and 20 volunteers at Waterfall Arts.
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Official website here: www.waterfallarts.org
Where can I find the form 990 for Waterfall Arts?
Waterfall Arts's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.waterfallarts.org
Learn more at the official website: www.waterfallarts.org
Mission Statement of Waterfall Arts
Waterfall Arts, a nonprofit organization, is committed to providing access to the arts, design, and creative collaboration for individuals of all ages and abilities. Their mission is to foster a creative community where people can engage in these activities, promoting collaboration and inclusivity. They have achieved this by transforming a local glassblowing artisan's studio donation into a full-time, public-access glassblowing facility, which is unique in Maine. This facility has allowed Waterfall Arts to offer a distinctive and captivating experience to the local community.
In addition to their glassblowing facility, Waterfall Arts has also partnered with local schools to incorporate arts education into their curriculum. This collaboration has added a valuable offering to the area, leading to a significant increase in class participation. Furthermore, Waterfall Arts operates with a pay-what-you-can model, ensuring that financial constraints do not hinder individuals from participating in their classes. This inclusive approach allows those who may not otherwise be able to afford these opportunities to engage in the arts and creative collaboration.
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Impact
July, 2024
Waterfall Arts has had a significant impact on the Belfast and Montville communities in Waldo County, Maine. By providing access to the arts, design, and creative collaboration for all ages and abilities, the organization has enriched the cultural landscape of the area. Additionally, Waterfall Arts has worked with local schools to offer curriculum in their studio, bringing a unique and valuable resource to the community.
One notable contribution is the establishment of the only full-time, community-based, public-access glassblowing facility in Maine. This initiative, made possible through the donation of a local glassblowing artisan's studio contents, has not only expanded artistic opportunities in the region but has also increased participation in classes significantly.
Moreover, Waterfall Arts' pay-what-you-can model has made their offerings accessible to individuals who may not have been able to afford such experiences otherwise, further enhancing inclusivity and diversity within the local arts scene. Through their dedication to providing creative outlets for everyone, Waterfall Arts has become a vital pillar of artistic expression and community engagement in the area.
This information is meant to be a general summary of Waterfall Arts. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $952
- Program Service Revenue: $109,771
- Gross Receipts: $827,974
Assets and Liabilities:
- Total Assets: $1,786,226
- Total Liabilities: $716,305
- Net Assets: $1,069,921
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$49,620
STUDIO RENTALS
Revenue
$60,151
Organization Details
Founding Year
2000
Principal Officer
Kim Fleming
Main Address
256 HIGH STREET, BELFAST, ME, 04915
Website
www.waterfallarts.orgNTEE Category
Code: A25 - Arts
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