Overview
What is Cambridge Multicultural Arts Center Inc?
Cambridge Multicultural Arts Center Inc, based at 41 SECOND STREET, CAMBRIDGE, MA 02141, is a vibrant nonprofit organization dedicated to fostering cultural diversity. Their primary mission is to offer a platform for multicultural visual and performing arts, aiming to educate the community about various cultures. They strive to make their professionally equipped facility accessible to artists or groups that may not have such an opportunity otherwise. With a team of 8 individuals, they serve as a bridge connecting diverse art forms to the community, thereby enriching cultural experiences and promoting unity.
Official website here: www.multiculturalartscenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69% (Two-Star out of Four Star rating)
The Cambridge Multicultural Arts Center Inc has received a score of 69%, reflecting a Two-Star rating in terms of accountability and finance. The organization's strong points include a fully independent board and a solid audit of financial statements, indicating a commitment to transparency. They excel in areas such as documenting board meeting minutes and maintaining a low program expense ratio, which suggests effective management of program funds.
However, the organization faces notable weaknesses, particularly in governance policies. The absence of conflict of interest, whistleblower, and document retention policies raises concerns about comprehensive oversight and ethical governance. Additionally, the lack of a posted tax form on their website and a poor liabilities to assets ratio suggest potential financial vulnerabilities that may need addressing.
Overall, while the Cambridge Multicultural Arts Center Inc demonstrates strengths in board independence and financial audits, improvements are necessary in governance practices and financial health to enhance their accountability and transparency further.
This AI summary has been generated from information found on Charity Navigator.
Is Cambridge Multicultural Arts Center Inc legitimate?
Cambridge Multicultural Arts Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cambridge Multicultural Arts Center 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: $79,996
Professional Fundraising Fees: $0
Other Salaries and Wages: $79,154
For more financial information, click here
Official website here: www.multiculturalartscenter.org
What is the mission statement of Cambridge Multicultural Arts Center Inc?
The Cambridge Multicultural Arts Center Inc's mission is centered around promoting multicultural visual and performing arts. The organization aims to educate the community about diversity by presenting such programs. They strive to make their facility accessible to artists or groups that may not otherwise have access to a professionally equipped venue or the cultural mainstream. The center serves as a platform for cultural exchange and inclusion, providing an opportunity for underrepresented artists to showcase their work.
Official website here: www.multiculturalartscenter.org
Who is the CEO of Cambridge Multicultural Arts Center Inc?
Adria Katz is the Managing Director of Cambridge Multicultural Arts Center Inc.
Official website here: www.multiculturalartscenter.org
What is the revenue of Cambridge Multicultural Arts Center Inc?
Cambridge Multicultural Arts Center Inc's revenue in 2023 was $574,588.
Official website here: www.multiculturalartscenter.org
Who are the executives of Cambridge Multicultural Arts Center Inc and what are their salaries?
The average compensation at Cambridge Multicultural Arts Center Inc during 2023 was $19,894. There are 8 employees and 15 volunteers at Cambridge Multicultural Arts Center Inc.
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Official website here: www.multiculturalartscenter.org
Where can I find the form 990 for Cambridge Multicultural Arts Center Inc?
Cambridge Multicultural Arts Center Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.multiculturalartscenter.org
Learn more at the official website: www.multiculturalartscenter.org
Mission Statement of Cambridge Multicultural Arts Center Inc
The Cambridge Multicultural Arts Center Inc is dedicated to its mission of showcasing multicultural visual and performing arts programs. This nonprofit organization aims to educate the community about diversity by presenting a variety of artistic performances and exhibitions. Furthermore, it opens its professionally equipped facility to artists or groups who might not otherwise have access to such resources or the cultural mainstream. By doing so, the Cambridge Multicultural Arts Center Inc plays a significant role in promoting cultural understanding and inclusivity within the community.
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Impact
July, 2024
Cambridge Multicultural Arts Center Inc's impact is significant in promoting diversity and cultural awareness through its operation of a multicultural visual and performing arts center. By presenting multicultural visual and performing arts programs, the organization educates the community about diversity and provides a platform for artists or groups who may not have access to a professionally equipped facility or the cultural mainstream. This helps in fostering artistic expression, creativity, and inclusivity within the community.
This information is meant to be a general summary of Cambridge Multicultural Arts Center 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.
- Program Service Revenue: $263,442
- Gross Receipts: $574,588
Assets and Liabilities:
- Total Assets: $3,122,767
- Total Liabilities: $2,941,156
- Net Assets: $181,611
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUNCTION RENTAL INCOME
Revenue
$210,735
BOX OFFICE SALES
Revenue
$26,782
SUBTENANT INCOME
Revenue
$25,600
GALLERY INCOME
Revenue
$325
Organization Details
Founding Year
1978
Phone
(617) 577-1400Principal Officer
Adria Katz
Main Address
41 SECOND STREET, CAMBRIDGE, MA, 021411733
NTEE Category
Code: A610 - Arts
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