Overview
What is Stamford Center For The Arts Inc?
Stamford Center for the Arts Inc. is a nonprofit organization situated in Stamford, Connecticut, specifically at 61 Atlantic Street. Their primary mission is to entertain, educate, and enrich the diverse community of Stamford and Fairfield County. They achieve this by leasing their facilities, namely The Rich Forum and Palace, to various entities for television programming and live entertainment, respectively. Additionally, they organize and present a variety of cultural and theatrical events, catering to the diverse interests of their local population. With a workforce of 126 individuals, Stamford Center for the Arts Inc. plays an essential role in enriching the cultural landscape of its community.
Official website here: www.palacestamford.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 95%, Four-Star out of Four Star rating.
The Stamford Center For The Arts Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong performance in both accountability and finance. With a score of 96 in accountability, the organization demonstrates robust governance practices, including a fully independent board and comprehensive oversight mechanisms. The high program expense ratio of 84.17% suggests that a significant portion of their resources is directed towards their mission-related activities.
In terms of community and culture, the organization scored 86, reflecting a commitment to fostering a strong connection with its constituents. Their feedback collection and usage practices are exemplary, with perfect scores in these areas, indicating that they actively engage with and respond to community input. This level of responsiveness can enhance the effectiveness of their programs and initiatives.
However, while their overall scores are strong, the equity strategies score of 79 suggests there may be room for improvement in addressing diversity and inclusion within their operational strategies. Overall, the Stamford Center For The Arts Inc is well-regarded for its financial health and community engagement, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Stamford Center For The Arts Inc legitimate?
Stamford Center For The Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stamford Center For 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: $519,444
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,195,720
For more financial information, click here
Official website here: www.palacestamford.org
What is the mission statement of Stamford Center For The Arts Inc?
The Stamford Center for the Arts Inc has a mission to entertain, educate, and enrich a diverse population. This is achieved by presenting various cultural and theatrical events and leasing its facilities for television programming and live entertainment. The organization's aim is to engage and benefit a wide range of individuals, contributing to their personal growth and enjoyment. Through its activities, the Stamford Center for the Arts Inc fosters a sense of community and encourages appreciation for the arts.
Official website here: www.palacestamford.org
Who is the CEO of Stamford Center For The Arts Inc?
Michael E Moran Jr is the CEO of Stamford Center For The Arts Inc The CEO's salary of Stamford Center For The Arts Inc is $214,127 and their total compensation is $214,127.
Official website here: www.palacestamford.org
What is the revenue of Stamford Center For The Arts Inc?
Stamford Center For The Arts Inc's revenue in 2024 was $6,233,157.
Official website here: www.palacestamford.org
Who are the executives of Stamford Center For The Arts Inc and what are their salaries?
The average compensation at Stamford Center For The Arts Inc during 2024 was $11,994. There are 143 employees and 100 volunteers at Stamford Center For The Arts Inc.
Here are 22 key members and their salaries (Stamford Center For The Arts Inc's CEO's salary is $214,127 and their total compensation is $214,127):
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- Compensation: $158,783
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Official website here: www.palacestamford.org
Where can I find the form 990 for Stamford Center For The Arts Inc?
Stamford Center For The Arts Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.palacestamford.org
Learn more at the official website: www.palacestamford.org
Mission Statement of Stamford Center For The Arts Inc
Stamford Center for the Arts Inc, with its mission at heart, strives to engage, educate, and enrich the diverse population in Stamford and Fairfield County. By utilizing its facilities, such as the Rich Forum and Palace, the organization leases them for television programming and live entertainment events respectively. Additionally, it hosts a variety of cultural and theatrical events, thereby contributing to the entertainment and educational needs of the community. The center's activities aim to engage and enrich the local population, offering a diverse range of experiences to cater to various interests.
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Impact
July, 2024
Stamford Center For The Arts Inc's impact is significant in the community of Stamford and Fairfield County. Through its theater operations, rentals, and events at the Rich Forum and Palace facilities, the organization provides a platform for cultural and theatrical events to be presented. By offering live entertainment and engaging performances, Stamford Center For The Arts Inc contributes to the enrichment and education of the diverse population in the area. Its mission to entertain and educate aligns with its goal of enriching the community through the arts, making it a valuable cultural asset in the region.
This information is meant to be a general summary of Stamford Center For 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 2024.
- Investment Income: $105,701
- Program Service Revenue: $4,845,544
- Gross Receipts: $6,351,755
Assets and Liabilities:
- Total Assets: $18,714,807
- Total Liabilities: $2,106,929
- Net Assets: $16,607,878
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALE EVENTS
Revenue
$2,075,911
RENTALS AND REIMBURSEM
Revenue
$1,901,866
BOX OFFICE SERVICE REV
Revenue
$327,904
CONCESSION
Revenue
$287,381
FACILITY CHARGES
Revenue
$252,482
Organization Details
Founding Year
1980
Principal Officer
Michael E Moran Jr
Website
www.palacestamford.orgNTEE Category
Code: A610 - Arts
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