Overview
What is Massachusetts International Festival Of The Arts Inc?
Massachusetts International Festival of the Arts Inc., situated at 56 Suffolk Street 300, Holyoke, MA 01040, is a nonprofit organization committed to showcasing and promoting contemporary practices in performing, visual, and literary arts. Their primary objective is to educate, entertain, and enrich lives, while also overseeing the restoration and reopening of the Victory Theatre in Holyoke, Massachusetts, a 1920's theatre they own. The organization, with a workforce of 4 individuals, presents top-notch art events to engage and inspire the public, contributing significantly to the cultural landscape of the area.
Official website here: www.mifafestival.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68% (Two-Star out of Four Stars)
The Massachusetts International Festival of the Arts Inc has received a Two-Star rating from Charity Navigator, indicating moderate performance in the nonprofit sector. While the organization excels in areas such as having a majority independent board and strong feedback collection practices, its overall score reflects challenges in accountability and financial management, particularly with a low program expense ratio.
Strengths of the organization include a robust culture and community score of 87, demonstrating effective engagement and support within the community. Additionally, the organization shows strong governance practices, with all board members being independent and a well-structured audit and oversight committee. However, it lacks crucial policies such as a whistleblower policy and document retention guidelines, which are necessary for ensuring transparency and operational integrity.
The financial metrics reveal a concerning program expense ratio of only 50.42%, suggesting that less than half of its expenditures are directed toward its programs. Although its liability to assets ratio is healthy, the organization should prioritize improving its equity data and policies, as indicated by lower scores in those areas. Overall, while the organization has notable strengths, addressing its weaknesses could enhance its effectiveness and credibility in the nonprofit landscape.
This AI summary has been generated from information found on Charity Navigator.
Is Massachusetts International Festival Of The Arts Inc legitimate?
Massachusetts International Festival Of The Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massachusetts International Festival Of The Arts 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: $55,747
Professional Fundraising Fees: $0
Other Salaries and Wages: $65,638
For more financial information, click here
Official website here: www.mifafestival.org
What is the mission statement of Massachusetts International Festival Of The Arts Inc?
The Massachusetts International Festival of the Arts Inc. showcases outstanding contemporary works in performing, visual, and literary arts with the aim of educating, entertaining, and enriching lives. Additionally, the organization is overseeing the rehabilitation of the Victory Theatre, a 1920's venue located in Holyoke, Massachusetts. The festival presents, commissions, and produces various arts events to promote and further the restoration and reopening of the Victory Theatre, which the organization owns. The mission of Massachusetts International Festival of the Arts Inc. is to contribute to the growth and appreciation of the arts while preserving and revitalizing a historical theatre.
Official website here: www.mifafestival.org
Who is the CEO of Massachusetts International Festival Of The Arts Inc?
Donald Sanders is the Director of Massachusetts International Festival Of The Arts Inc.
Official website here: www.mifafestival.org
What is the revenue of Massachusetts International Festival Of The Arts Inc?
Massachusetts International Festival Of The Arts Inc's revenue in 2022 was $831,365.
Official website here: www.mifafestival.org
Who are the executives of Massachusetts International Festival Of The Arts Inc and what are their salaries?
The average compensation at Massachusetts International Festival Of The Arts Inc during 2022 was $30,346. There are 4 employees and 23 volunteers at Massachusetts International Festival Of The Arts Inc.
Here are 7 key members and their salaries:
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- Compensation: $53,094
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Official website here: www.mifafestival.org
Where can I find the form 990 for Massachusetts International Festival Of The Arts Inc?
Massachusetts International Festival Of The Arts Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mifafestival.org
Learn more at the official website: www.mifafestival.org
Mission Statement of Massachusetts International Festival Of The Arts Inc
Massachusetts International Festival of the Arts Inc, commonly known as MIFA, is dedicated to showcasing the finest contemporary works in the performing, visual, and literary arts. Their mission is to serve as an educative, entertaining, and enriching platform for the public, aiming to promote and further the restoration and reopening of the Victory Theatre in Holyoke, Massachusetts, a 1920's theater they own. In addition to organizing and producing arts events, MIFA also oversees the renovation of the Victory Theatre, with the ultimate goal of enhancing the cultural landscape and engaging the community in artistic experiences.
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Impact
July, 2024
The Massachusetts International Festival of the Arts Inc, through its focus on presenting, commissioning, and producing contemporary performing, visual, and literary arts events, has a significant impact on the community. By educating, entertaining, and enriching the public, the organization plays a crucial role in promoting cultural awareness and appreciation. Additionally, the ongoing rehabilitation of the historic Victory Theatre in Holyoke, Massachusetts, not only preserves a piece of local heritage but also provides a platform for future artistic endeavors. Through its mission-driven activities, MIFA contributes to the vibrancy and cultural enrichment of Holyoke and beyond.
This information is meant to be a general summary of Massachusetts International Festival Of The Arts 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 2022.
- Program Service Revenue: $950
- Gross Receipts: $831,365
Assets and Liabilities:
- Total Assets: $2,509,553
- Total Liabilities: $661,207
- Net Assets: $1,848,346
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$950
Organization Details
Founding Year
1993
Phone
(413) 540-0200Principal Officer
Donald Sanders
Main Address
56 SUFFOLK STREET 300, HOLYOKE, MA, 01040
Website
www.mifafestival.orgNTEE Category
Code: A200 - Arts
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