Overview
What is The Current Inc?
The Current Inc, a community-driven, nonprofit organization based in Stowe, Vermont, specializes in adult and youth educational programs. This year, they have organized classes, workshops, and family events. Additionally, they have curated and produced five exhibitions, complementing these with public programming such as artist talks, academic panels, and workshops. The organization collaborates with local and regional schools, offering guided tours of the exhibits and transportation stipends for bussing fees. The Current Inc also provides free admission to their gallery, public talks, and offers hands-on activities for every exhibition, as well as drop-in pre-K art play and teen studios. With a mission to enrich the human experience through visual arts, this nonprofit is member-supported and dedicated to community arts and education. Word Count: 118
Official website here: www.thecurrentnow.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 59% (One-Star out of Four Star rating)
The Current Inc has received a low rating of 59%, indicating significant concerns regarding its accountability and financial practices. While the organization benefits from 100% independent board members and maintains a low liabilities-to-assets ratio, it lacks critical transparency measures, such as published financial statements and essential policies for conflict of interest and whistleblowing.
A strength of The Current Inc is its commitment to having an independent board, which can enhance oversight and governance. Moreover, it demonstrates prudent financial management as evidenced by its solid program expense ratio of 61.74%. However, the absence of financial statements and missing policy documents raises substantial red flags about the organization's operational transparency.
Limitations noted in the data include the lack of key accountability policies and the failure to share critical financial documentation publicly. These gaps hinder potential donors' ability to assess the organization's fiscal health and governance practices adequately. Overall, while The Current Inc shows some strengths, its accountability issues significantly impact its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is The Current Inc legitimate?
The Current Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Current Inc 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: $99,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $360,444
For more financial information, click here
Official website here: www.thecurrentnow.org
What is the mission statement of The Current Inc?
The Current Inc, as a member-supported community arts and education non-profit organization, aims to enrich the human experience through the visual arts. Their mission is accomplished by offering educational programs for both adults and youth, consisting of classes, workshops, and family events. They curate and produce exhibitions, complementing these with public programming such as artist talks, academic panels, and workshops. The organization collaborates with local and regional schools, providing guided tours and transportation stipends for school bus fees. Additionally, The Current Inc offers public activities like a hands-on room, drop-in pre-K art play, and teen studios, with free admission to the gallery and public talks.
Official website here: www.thecurrentnow.org
What is the revenue of The Current Inc?
The Current Inc's revenue in 2023 was $704,279.
Official website here: www.thecurrentnow.org
Who are the executives of The Current Inc and what are their salaries?
The average compensation at The Current Inc during 2023 was $27,026. There are 17 employees and 20 volunteers at The Current Inc.
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Official website here: www.thecurrentnow.org
Where can I find the form 990 for The Current Inc?
The Current Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thecurrentnow.org
Learn more at the official website: www.thecurrentnow.org
Mission Statement of The Current Inc
The Current Inc, a community arts and education non-profit organization, is dedicated to enhancing the human experience through the visual arts. Its mission is to achieve this goal by offering a variety of educational programs for both adults and youth, including classes, workshops, and family events. The organization also curates and produces exhibitions, complementing these displays with public programming such as artist talks, academic panels, and workshops. To ensure accessibility, The Current Inc collaborates with local and regional schools, providing guided tours of the exhibits and transportation stipends to cover busing fees. Additionally, the non-profit offers free admission to the gallery, public talks, and hosts hands-on activities for every exhibition, as well as drop-in pre-K art play and teen studios.
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Impact
July, 2024
The Current Inc, based in Stowe, VT, is making a significant impact on the community through its arts and education programs. By offering a variety of classes, workshops, exhibitions, and public programming, The Current Inc is enhancing the human experience through the visual arts. They engage both adults and youth through educational programs and events, ensuring that art remains accessible to all. Additionally, by collaborating with local and regional schools, The Current Inc is providing valuable opportunities for students to engage with art and culture. Overall, The Current Inc's commitment to promoting the arts and fostering creativity is creating a lasting impact on the community.
This information is meant to be a general summary of The Current Inc. 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 2023.
- Investment Income: $5,475
- Program Service Revenue: $182,916
- Gross Receipts: $786,615
Assets and Liabilities:
- Total Assets: $1,707,368
- Total Liabilities: $58,008
- Net Assets: $1,649,360
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATIONAL INCOME
Revenue
$145,450
EXHIBITIONS & ART SALES
Revenue
$24,480
FACILITY RENTAL
Revenue
$12,150
COMMUNITY EVENTS
Revenue
$836
Organization Details
Founding Year
1982
Principal Officer
Rebecca Chase
Website
www.thecurrentnow.orgNTEE Category
Code: A400 - Arts
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