Overview
What is Neighborhood Studios Of Fairfield County Inc?
Neighborhood Studios of Fairfield County Inc, located at 150 Elm Street, Bridgeport, Connecticut 06608, is a nonprofit organization dedicated to enriching the lives of children in their local communities. Their primary focus lies in offering various music, art, theater, and dance instructional programs. This organization, with a workforce of 70 individuals, aims to transform the lives of Bridgeport's children through artistic education, ultimately empowering them to contribute positively to their community.
Official website here: www.nstudios.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Neighborhood Studios of Fairfield County Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating it may need improvement in certain areas. While the overall score is 74%, the organization exhibits strong performance in culture and community, alongside exceptional leadership and adaptability, which are reflected in their perfect scores in these categories. The organization also boasts a fully independent board and solid financial practices, including a high program expense ratio.
Despite these strengths, the accountability and finance score of 66 suggests that there are areas for growth in financial transparency and governance. While policies such as conflict of interest, whistleblower, and document retention are well-established, there may be concerns regarding the organization's financial management that need to be addressed.
Overall, Neighborhood Studios of Fairfield County Inc demonstrates strong leadership and community engagement but may benefit from enhancing its accountability and financial practices to improve its rating and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Studios Of Fairfield County Inc legitimate?
Neighborhood Studios Of Fairfield County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Studios Of Fairfield County 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: $82,394
Professional Fundraising Fees: $0
Other Salaries and Wages: $403,550
For more financial information, click here
Official website here: www.nstudios.org
What is the mission statement of Neighborhood Studios Of Fairfield County Inc?
Neighborhood Studios of Fairfield County Inc's mission is centered around positively impacting the lives of children in various communities through artistic education. By offering instructional programs in music, art, theater, and dance, this organization seeks to empower its young participants to contribute positively to their community. In essence, Neighborhood Studios aims to foster personal growth and community engagement in Bridgeport's children through artistic pursuits.
Official website here: www.nstudios.org
Who is the CEO of Neighborhood Studios Of Fairfield County Inc?
Frank Derico is the Executive Director of Neighborhood Studios Of Fairfield County Inc.
Official website here: www.nstudios.org
What is the revenue of Neighborhood Studios Of Fairfield County Inc?
Neighborhood Studios Of Fairfield County Inc's revenue in 2022 was $898,638.
Official website here: www.nstudios.org
Who are the executives of Neighborhood Studios Of Fairfield County Inc and what are their salaries?
The average compensation at Neighborhood Studios Of Fairfield County Inc during 2022 was $6,942. There are 70 employees and 21 volunteers at Neighborhood Studios Of Fairfield County Inc.
Here are 13 key members and their salaries:
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Official website here: www.nstudios.org
Where can I find the form 990 for Neighborhood Studios Of Fairfield County Inc?
Neighborhood Studios Of Fairfield County Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nstudios.org
Learn more at the official website: www.nstudios.org
Mission Statement of Neighborhood Studios Of Fairfield County Inc
Neighborhood Studios of Fairfield County, a nonprofit organization, aims to transform the lives of children residing in Bridgeport through arts education. By providing instructional programs in various artistic disciplines such as music, art, theater, and dance, Neighborhood Studios empowers these children to contribute positively to their community. The mission of this organization is to equip these young individuals with the necessary skills and confidence, enabling them to make a significant impact in their surroundings.
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Impact
July, 2024
Neighborhood Studios Of Fairfield County Inc transforms the lives of Bridgeport children through arts education and empowers them to make a difference in their community. Through various music, art, theater, and dance instructional programs provided to children in the communities they serve, they have a significant impact on the artistic and personal development of these young individuals. Their mission is to empower children through the arts, thereby creating positive change and opportunities for them within their community.
This information is meant to be a general summary of Neighborhood Studios Of Fairfield County 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: -$3,047
- Program Service Revenue: $201,339
- Gross Receipts: $898,638
Assets and Liabilities:
- Total Assets: $387,329
- Total Liabilities: $740,358
- Net Assets: -$353,029
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Contracted Services-Gov
Revenue
$195,206
Tuition and Fees
Revenue
$6,133
Organization Details
Founding Year
1978
Principal Officer
Frank Derico
Main Address
150 Elm Street, Bridgeport, CT, 06608
Website
www.nstudios.orgNTEE Category
Code: A250 - Arts
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