Overview
What is Handicraft Club Inc?
Handicraft Club Inc, located at 42 College Street, Providence, Rhode Island 02903, is a small yet impactful nonprofit organization. Their primary focus lies in the realm of artistic handicrafts, offering a wide array of courses, lectures, and studio programs. Through these initiatives, they aim to educate, encourage, and engage individuals in various artistic handicraft works. By actively participating in these programs, the organization generates a substantial portion of its revenue. Handicraft Club Inc's mission is to foster a vibrant community of artists, providing a platform for them to learn, practice, and share their craft. With a dedicated team of four employees, the organization continues to make a significant contribution to the artistic community in Providence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star Rating
Handicraft Club Inc has received a solid rating of 87%, indicating a strong performance in accountability and finance. With a majority of independent board members and no material diversion of assets, the organization demonstrates a commitment to governance and ethical management. Their impressive program expense ratio of 80.64% suggests that a significant portion of their funds is directed toward their charitable programs.
The organization shows transparency through its documented policies, including a conflict of interest policy and a retention and destruction policy, which contribute positively to its overall score. The absence of any liabilities relative to its assets further reflects a stable financial position. This level of accountability is crucial for maintaining donor trust and ensuring effective use of resources.
While the rating is commendable, a Three-Star rating also indicates room for improvement. Enhancing certain operational aspects could elevate their standing even further in the eyes of donors and stakeholders. However, the current metrics indicate that Handicraft Club Inc remains a responsible and effective nonprofit, effectively serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Handicraft Club Inc legitimate?
Handicraft Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Handicraft Club 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $120,656
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What is the mission statement of Handicraft Club Inc?
Handicraft Club Inc's mission is centered around teaching, practicing, and fostering various artistic handicraft skills. They accomplish this through a variety of Methods, such as lectures and studio classes. The organization's primary goal is to promote the growth and appreciation of artistic handicraft work among its participants. A significant portion of their income comes from the increased participation in their extensive arts and crafts courses, lectures, and studio programs. By offering these opportunities, Handicraft Club Inc encourages individuals to explore their creative abilities and share their craftsmanship with others.
Who is the CEO of Handicraft Club Inc?
Kathy Bourque is the President of Handicraft Club Inc.
What is the revenue of Handicraft Club Inc?
Handicraft Club Inc's revenue in 2022 was $624,828.
Who are the executives of Handicraft Club Inc and what are their salaries?
The average compensation at Handicraft Club Inc during 2022 was $30,164. There are 4 employees at Handicraft Club Inc.
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Where can I find the form 990 for Handicraft Club Inc?
Handicraft Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Handicraft Club Inc
Handicraft Club Inc is dedicated to promoting and fostering various artistic handcrafts. They achieve this goal through a multi-faceted approach, involving lectures, classes, and studio sessions. The primary objective of this organization is to educate, inspire, and encourage individuals in the art of handicrafts. By providing a platform for learning and practice, Handicraft Club Inc encourages the growth and appreciation of various artistic handcrafts. The organization's extensive arts and crafts courses, lectures, and studio programs have seen an increase in participation, resulting in a significant revenue generation for the nonprofit.
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Impact
July, 2024
Handicraft Club Inc's impact can be seen in the way it has enriched the community through teaching, practicing, and encouraging all kinds of artistic handicraft work. By offering extensive arts and crafts courses, lectures, and studio programs, the organization has not only generated significant program revenues but has also fostered creativity and skill development among its participants. Handicraft Club Inc, located in Providence, RI, is dedicated to promoting and preserving the art of handicrafts, making a meaningful contribution to the arts scene in the city.
This information is meant to be a general summary of Handicraft Club 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: $409,624
- Program Service Revenue: $71,892
- Gross Receipts: $2,123,205
Assets and Liabilities:
- Total Assets: $8,878,514
- Total Liabilities: $78,975
- Net Assets: $8,799,539
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLASS AND STUDIO FEES
Revenue
$71,892
Organization Details
Founding Year
1921
Phone
(401) 831-8339Principal Officer
Kathy Bourque
Main Address
42 COLLEGE STREET, PROVIDENCE, RI, 02903
NTEE Category
Code: A400 - Arts
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