Overview
What is Lexington Friends Of The Arts Inc?
Lexington Friends of the Arts Inc, commonly known as the Munroe Center for the Arts, is a vibrant nonprofit organization located in Lexington, Massachusetts. With a dedicated team of 52 individuals, they offer a variety of arts education and programming for individuals of all ages. Their calendar year curriculum encompasses visual arts, ceramics, and theatre classes, catering to both children and adults. During school vacations, they organize camps for school-aged children, providing a fun and enriching environment for artistic growth. In addition to their regular programs, the Munroe Center for the Arts sponsors numerous public events that promote cultural enrichment. These free or low-cost activities, like Munroe Center Stage, ArtWalk, and one-time events, are open to the community, fostering a sense of camaraderie and creativity. By offering these opportunities, the organization seeks to serve as a hub for visual and performing arts, providing a platform for self-expression, rejuvenation, and friendship.
Official website here: www.munroecenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Lexington Friends Of The Arts Inc has achieved an impressive score of 96%, primarily based on its strong performance in Accountability & Finance. This high rating reflects the charity's commitment to transparency and prudent financial practices, which are crucial for fostering donor trust and ensuring effective use of resources. The organization has maintained a 100% independent board, showing its dedication to governance and oversight.
The charity's financial health is further highlighted by its program expense ratio of 72.84%, indicating that a significant portion of its expenditures directly supports its mission. Additionally, the organization has passed all key financial accountability measures, such as the successful audit of its financial statements and the absence of any material diversion of assets. These factors contribute to its strong fiscal standing and operational integrity.
While the rating underscores the nonprofit's strengths in governance and financial management, it's important for potential donors and supporters to consider the specific programs and impact of the organization. As with any charity, understanding the broader context of its work can provide valuable insights into its effectiveness and alignment with donor values.
This AI summary has been generated from information found on Charity Navigator.
Is Lexington Friends Of The Arts Inc legitimate?
Lexington Friends Of The Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lexington Friends 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: $68,886
Professional Fundraising Fees: $0
Other Salaries and Wages: $254,705
For more financial information, click here
Official website here: www.munroecenter.org
What is the mission statement of Lexington Friends Of The Arts Inc?
The mission of Lexington Friends of the Arts Inc, as housed in the Munroe Center for the Arts, is centered around providing a platform for visual and performing arts. This mission encompasses education and experiences, self-expression, rejuvenation, and fostering friendship. The center offers various classes in visual arts, ceramics, and theatre throughout the year, catering to individuals of all ages. During school vacations in February, April, and summer, the center also conducts camps for school-aged children. In addition, the Munroe Center for the Arts sponsors numerous public programs that offer cultural enrichment at no cost, with only voluntary contributions collected. These programs include Munroe Center Stage, ArtWalk, and various one-time events.
Official website here: www.munroecenter.org
Who is the CEO of Lexington Friends Of The Arts Inc?
Amy Kaser is the Board Member of Lexington Friends Of The Arts Inc.
Official website here: www.munroecenter.org
What is the revenue of Lexington Friends Of The Arts Inc?
Lexington Friends Of The Arts Inc's revenue in 2022 was $624,948.
Official website here: www.munroecenter.org
Who are the executives of Lexington Friends Of The Arts Inc and what are their salaries?
The average compensation at Lexington Friends Of The Arts Inc during 2022 was $6,223. There are 52 employees and 85 volunteers at Lexington Friends Of The Arts Inc.
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- Compensation: $62,317
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Official website here: www.munroecenter.org
Where can I find the form 990 for Lexington Friends Of The Arts Inc?
Lexington Friends Of The Arts Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.munroecenter.org
Learn more at the official website: www.munroecenter.org
Mission Statement of Lexington Friends Of The Arts Inc
Lexington Friends of the Arts Inc, through its Munroe Center for the Arts, serves as a hub for visual and performing arts in education and experience, self-expression, rejuvenation, and friendship. The organization's mission is to provide a space where individuals can engage in artistic pursuits, foster creativity, and build connections. By offering classes in visual arts, ceramics, and theatre throughout the year, as well as camps during school vacations, Lexington Friends of the Arts Inc encourages artistic growth and skill development in both children and adults.
In addition to its educational programs, Lexington Friends of the Arts Inc also reaches out to the community through public programming. The organization sponsors various cultural enrichment activities at no cost, with only voluntary contributions collected. These events, such as Munroe Center Stage, ArtWalk, and one-time events, provide opportunities for the public to engage with the arts and experience diverse cultural offerings. By offering these programs, Lexington Friends of the Arts Inc aims to promote a sense of unity and shared appreciation for the arts within the community.
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Impact
July, 2024
Lexington Friends Of The Arts Inc, through The Munroe Center for the Arts, has a significant impact on the community by providing a variety of art education and programming opportunities. They offer classes throughout the year in visual arts, ceramics, and theater, allowing individuals to explore their creativity and develop their skills. Additionally, the organization runs camps for school-aged children during school vacations, providing a valuable outlet for artistic expression and learning. Through public programming initiatives such as Munroe Center Stage and ArtWalk, they offer cultural enrichment to the public at no cost, fostering a sense of community and appreciation for the arts. Their mission to serve as Lexington's hub for visual and performing arts contribute to self-expression, rejuvenation, and friendship.
This information is meant to be a general summary of Lexington Friends 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.
- Investment Income: $434
- Program Service Revenue: $486,982
- Gross Receipts: $624,948
Assets and Liabilities:
- Total Assets: $1,888,162
- Total Liabilities: $107,137
- Net Assets: $1,781,025
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND REGISTRATI
Revenue
$320,953
RENTAL INCOME
Revenue
$166,029
Organization Details
Founding Year
1994
Phone
(781) 862-6040Principal Officer
Amy Kaser
Main Address
1403 MASSACHUSETTS AVENUE, LEXINGTON, MA, 024203804
Website
www.munroecenter.orgNTEE Category
Code: A51I - Arts
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