Overview
What is Society For The Development Of Arts?
Society for the Development of Arts, commonly known as The Firehouse Center for the Arts, is a nonprofit organization based in Newburyport, Massachusetts. Established in 1978, its primary goal is to promote and increase cultural awareness of the arts within the local community and the Merrimack Valley. The organization operates the Firehouse Center in Newburyport, serving as a hub for both local and national artists and theatrical groups. The Firehouse Center's main theater, with a seating capacity of 191, hosts a variety of events throughout the year, including Firehouse-produced performances, collaborative presentations, and educational programs in the arts. The organization's primary revenue comes from ticket sales of these events, along with support from membership fees, grants, and corporate donations. The Firehouse Center for the Arts also supports the visual arts through its art gallery at the Firehouse Center. With a team of 12 employees, the organization strives to enrich the local community through its arts and cultural initiatives.
Official website here: www.firehouse.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
The Society for the Development of Arts has achieved a high rating of 95% on Charity Navigator, indicating strong performance in accountability and financial health. The organization benefits from a fully independent board, with all 11 members meeting high standards for governance. This strong oversight contributes to the charity's exemplary score across various metrics.
Financially, the organization demonstrates a solid program expense ratio of 68.92%, indicating that a significant portion of its expenses is directed towards its programs. Their policies on conflict of interest, whistleblowing, and document retention are all well-documented, reflecting a commitment to transparency and ethical operations. The absence of any material diversion of assets further reinforces their financial integrity.
Despite its strong performance, there is always room for improvement in areas such as enhancing program outreach or diversifying funding sources. However, the organization maintains a strong foundation, ensuring that it can effectively serve its mission within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Society For The Development Of Arts legitimate?
Society For The Development Of Arts is a legitimate nonprofit organization registered as a 501(c)(3) entity. Society For The Development Of 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: $344,748
For more financial information, click here
Official website here: www.firehouse.org
What is the mission statement of Society For The Development Of Arts?
The Society for the Development of Arts, often referred to as The Firehouse Center for the Arts, was established with the goal of enhancing cultural awareness of the arts within the community and the surrounding Merrimack Valley. Primarily, it achieves this through managing the Firehouse Center, a performing arts venue that hosts local, regional, and national artists and theatrical groups. The organization's primary source of revenue for its program services comes from ticket sales of performances. The Firehouse Center is actively utilized throughout the year, hosting Firehouse-produced events, partner presentations, and arts education programs. Additionally, the organization supports the visual arts through its art gallery, showcasing various exhibits.
Official website here: www.firehouse.org
What is the revenue of Society For The Development Of Arts?
Society For The Development Of Arts's revenue in 2023 was $1,546,778.
Official website here: www.firehouse.org
Who are the executives of Society For The Development Of Arts and what are their salaries?
The average compensation at Society For The Development Of Arts during 2023 was $26,519. There are 13 employees and 35 volunteers at Society For The Development Of Arts.
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Official website here: www.firehouse.org
Where can I find the form 990 for Society For The Development Of Arts?
Society For The Development Of Arts's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.firehouse.org
Learn more at the official website: www.firehouse.org
Mission Statement of Society For The Development Of Arts
The Society for the Development of Arts, known as The Firehouse Center for the Arts, was established in 1978 with a mission to foster cultural awareness of the arts within the community and the surrounding Merrimack Valley. This non-profit organization operates the Firehouse Center, a performing arts venue, which serves as a platform for local, regional, and national artists and theatrical groups. The Firehouse Center's 191-seat theater is active year-round, hosting Firehouse-produced events, partner presentations, and arts education programs.
Beyond staging musical and theatrical performances, the Society for the Development of Arts supports the visual arts through the Art Gallery at the Firehouse Center. By offering a space for artistic expression, this non-profit organization contributes to the broader cultural landscape and provides opportunities for engagement with the arts for the community and its members. The organization primarily generates revenue for its program services through ticket sales of performances, as well as membership fees, grants, and corporate donations.
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Impact
July, 2024
The Society For the Development Of Arts, operating as The Firehouse Center for the Arts in Newburyport, Massachusetts, has had a significant impact on the local community and the surrounding Merrimack Valley. Established in 1978, the organization's mission is to increase cultural awareness of the arts among citizens. By managing the Firehouse Center, a venue for performing arts, the organization provides a platform for local, regional, and national artists and theatrical groups to showcase their talents.
The Society For the Development Of Arts generates revenue primarily through ticket sales for performances, and also receives public support from membership fees, grants, and corporate donations. This financial support allows the organization to stage musical and theatrical performances in local schools and at the Arakelian Theatre at the Firehouse Center. Additionally, the organization supports the visual arts through its art gallery.
Overall, The Society For the Development Of Arts plays a vital role in promoting and enriching the cultural scene in Newburyport and the surrounding areas. Their efforts have not only provided a platform for artists to thrive but have also contributed to the community's cultural development and awareness of the arts.
This information is meant to be a general summary of Society For The Development Of 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 2023.
- Investment Income: $4,799
- Program Service Revenue: $762,274
- Gross Receipts: $1,546,778
Assets and Liabilities:
- Total Assets: $1,905,522
- Total Liabilities: $474,736
- Net Assets: $1,430,786
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PERFORMANCE INCOME
Revenue
$651,443
RESTURANT OVERAGE
Revenue
$83,828
CONCESSION SALES
Revenue
$14,907
ART PROGRAM
Revenue
$12,096
Organization Details
Founding Year
1978
Principal Officer
John Moynihan
Website
www.firehouse.orgNTEE Category
Code: A200 - Arts
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