Overview
What is The Artists Collective Inc?
The Artists Collective Inc, situated in Hartford, Connecticut, is a dedicated nonprofit organization that focuses on fostering cultural enrichment through performing arts. Their primary mission involves offering training programs and instruction in dance and music, with a special emphasis on African American art and culture. By providing such opportunities, they aim to positively impact inner city youths and adults. Beyond regular classes, the organization also offers engaging summer and after-school programs for young people, offering them a constructive way to spend their free time. Each season concludes with a showcase, highlighting the accomplishments of the participants.
Official website here: www.artistscollective.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 88% - Three-Star out of Four Star Rating
The Artists Collective Inc has received an 88% score from Charity Navigator, which translates to a Three-Star rating. This score is derived entirely from its Accountability & Finance metrics, indicating a strong emphasis on financial stewardship and transparency. The organization excels in areas such as having a fully independent board and a robust audit and oversight committee.
Key strengths include full compliance with governance policies, such as conflict of interest and whistleblower policies, which reflect a commitment to ethical practices. Additionally, the organization demonstrates good financial health, evidenced by a low liabilities-to-assets ratio and clear documentation of board meetings. The program expense ratio shows that a substantial portion of the budget is allocated to its programs, which is often a positive indicator of organizational efficiency.
However, the program expense ratio of 63.70% suggests that there may be room for improvement in maximizing funds directed towards programmatic activities. Potential donors may want to consider this aspect when evaluating the overall impact of their contributions. Overall, The Artists Collective Inc appears to be a responsible organization with a solid framework for accountability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Artists Collective Inc?
96% of the 24 reviewers on Facebook recommend The Artists Collective Inc. Here is a summary of their reviews:
Supporters emphasize the importance of preserving the organization's legacy and express a deep commitment to its mission. Many highlight the significance of community involvement and rally together to advocate for its future. The sentiment indicates a strong emotional connection to the Collective and a determination to ensure it thrives.
Overall, the organization is viewed positively by the community, with many expressing a readiness to contribute and support its initiatives. The collective spirit among reviewers reflects a belief in the potential impact of the nonprofit and its vital role in the artistic community.
This AI summary has been generated from reviews found on Facebook.
Is The Artists Collective Inc legitimate?
The Artists Collective Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Artists Collective 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: $37,981
Professional Fundraising Fees: $0
Other Salaries and Wages: $264,753
For more financial information, click here
Official website here: www.artistscollective.org
What is the mission statement of The Artists Collective Inc?
The Artists Collective Inc's mission is centered around promoting cultural enrichment through the performing arts. They accomplish this by providing training programs and instruction in dance and music, with a focus on preserving and celebrating African American art and culture. These initiatives primarily cater to inner city youths and adults, offering them valuable opportunities during summer and after school hours. These programs culminate in showcases, allowing participants to showcase their achievements at the end of each season.
Official website here: www.artistscollective.org
What is the revenue of The Artists Collective Inc?
The Artists Collective Inc's revenue in 2023 was $580,675.
Official website here: www.artistscollective.org
Who are the executives of The Artists Collective Inc and what are their salaries?
The average compensation at The Artists Collective Inc during 2023 was $8,650. There are 35 employees and 16 volunteers at The Artists Collective Inc.
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Official website here: www.artistscollective.org
Where can I find the form 990 for The Artists Collective Inc?
The Artists Collective Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.artistscollective.org
Learn more at the official website: www.artistscollective.org
Mission Statement of The Artists Collective Inc
The Artists Collective, a nonprofit organization, is committed to enriching culture through the performing arts. Their mission centers around promoting this enrichment by offering training programs and instruction in both dance and music. The focus of these programs is on preserving and celebrating African American art and culture. By providing these opportunities, The Artists Collective seeks to benefit inner city youths and adults. In addition, the organization offers summer and after school programs to keep young people occupied during their free time. These programs culminate in showcases at the end of each season, allowing the participants to display their achievements.
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Impact
July, 2024
The Artists Collective Inc's impact lies in its dedication to promoting cultural enrichment in performing arts, specifically focusing on African American art and culture. Through training programs and instruction in dance and music, this organization benefits inner city youths and adults in Hartford, CT. They provide opportunities for young people to participate in summer and after school programs, allowing them to showcase their achievements at the end of each season. The Artists Collective helps foster creativity, talent, and a sense of community among its participants, contributing to the cultural vibrancy of the area.
This information is meant to be a general summary of The Artists Collective 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.
- Investment Income: $6
- Program Service Revenue: $141,172
- Gross Receipts: $580,675
Assets and Liabilities:
- Total Assets: $3,863,921
- Total Liabilities: $210,757
- Net Assets: $3,653,164
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION & MEMBERSHIPS
Revenue
$63,975
ADMISSIONS & FACILITY
Revenue
$62,393
PERFORMANCE & WORKSHOP
Revenue
$14,804
Organization Details
Founding Year
1972
Principal Officer
Ricky Frimpong
Website
www.artistscollective.orgNTEE Category
Code: A230 - Arts
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