Overview
What is Kings Majestic Corp?
Kings Majestic Corp, operating under the name 651 ARTS, is a nonprofit organization situated in Brooklyn, New York, specifically at 1000 DEAN ST. Their primary focus is on public events, showcasing a diverse array of established and rising artists from the African Diaspora. Their mission is to cultivate understanding and admiration for the contemporary performing arts and culture originating from the African Diaspora, while also offering valuable professional and creative opportunities for artists of African descent. With a team of 13 dedicated individuals, 651 ARTS serves as a platform for this unique cultural expression, contributing to a broader appreciation of global artistic diversity.
Official website here: www.651arts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Kings Majestic Corp has received a Two-Star out of Four Star rating from Charity Navigator, indicating room for improvement in its accountability and financial practices. The organization scored 65% overall, with notable strengths in culture and community, achieving a perfect score of 100% in that area. This reflects a strong focus on community engagement and stakeholder feedback, which they actively collect and utilize.
However, the nonprofit's financial metrics raise concerns, particularly with a program expense ratio of only 50.56%, suggesting that less than half of its expenditures are directed towards its programs. Additionally, the liabilities to assets ratio of 68.28% indicates potential financial vulnerability, which the organization will need to address to improve its financial health and sustainability.
On a positive note, Kings Majestic Corp excels in governance practices, with 100% independent board members and policies in place for conflict of interest, whistleblowing, and document retention. These factors contribute to a robust organizational structure, but the nonprofit must focus on enhancing its financial management to increase overall effectiveness and donor trust.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Kings Majestic Corp?
80% of reviewers recommend Kings Majestic Corp on Facebook. Here is a summary of their insights:
Many users appreciate the organization's support for local artists, highlighting its role as a vital arts incubator in Brooklyn. The space is noted for facilitating exceptional performances that engage not just the artistic community, but also the wider NYC audience. Additionally, the nonprofit's focus on involving Brooklyn teenagers in its initiatives has received positive attention, indicating its commitment to nurturing the next generation of creatives.
Overall, the sentiment surrounding Kings Majestic Corp is largely positive, with reviewers expressing gratitude for the opportunities it provides to artists and the impactful programs it offers to the community.
This AI summary has been generated from reviews found on Facebook.
Is Kings Majestic Corp legitimate?
Kings Majestic Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kings Majestic Corp 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: $76,083
Professional Fundraising Fees: $0
Other Salaries and Wages: $223,069
For more financial information, click here
Official website here: www.651arts.org
What is the mission statement of Kings Majestic Corp?
Kings Majestic Corp's mission is centered around fostering a deeper understanding and appreciation for contemporary performing arts and culture originating from the African Diaspora. The organization aims to serve as a platform, providing professional and creative opportunities for artists of African descent. Through public events, featuring both established and emerging talents, Kings Majestic Corp seeks to showcase and celebrate the rich diversity of artistic expression within this cultural context.
Official website here: www.651arts.org
Who is the CEO of Kings Majestic Corp?
Toya A Lillard is the Executive Director (Resgined November 2021) of Kings Majestic Corp.
Official website here: www.651arts.org
What is the revenue of Kings Majestic Corp?
Kings Majestic Corp's revenue in 2022 was $1,307,983.
Official website here: www.651arts.org
Who are the executives of Kings Majestic Corp and what are their salaries?
The average compensation at Kings Majestic Corp during 2022 was $23,012. There are 13 employees at Kings Majestic Corp.
Here are 11 key members and their salaries:
- Compensation: $126,923
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Official website here: www.651arts.org
Where can I find the form 990 for Kings Majestic Corp?
Kings Majestic Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.651arts.org
Learn more at the official website: www.651arts.org
Mission Statement of Kings Majestic Corp
Kings Majestic Corp, as a nonprofit organization, is committed to fostering a greater understanding and appreciation for the contemporary performing arts and culture of the African Diaspora. Their mission is twofold: firstly, they aim to raise awareness and cultivate an appreciation for these arts and cultures; and secondly, they strive to offer professional and creative opportunities for artists of African descent. By hosting live performances and presentations featuring both established and emerging talent from the African Diaspora, Kings Majestic Corp serves as a platform for these artists to showcase their talents and contribute to the cultural landscape.
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Impact
July, 2024
Kings Majestic Corp plays a pivotal role in deepening awareness and appreciation for contemporary performing arts and culture of the African Diaspora. By providing professional and creative opportunities for artists of African descent, this organization enriches the cultural landscape and showcases the talent within this community. Through live performances and presentations, Kings Majestic Corp contributes to the cultural vibrancy of BROOKLYN, NY, and beyond, making a significant impact in promoting diversity and creativity in the arts.
This information is meant to be a general summary of Kings Majestic Corp. 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: $179
- Program Service Revenue: $1,396
- Gross Receipts: $1,307,983
Assets and Liabilities:
- Total Assets: $1,104,642
- Total Liabilities: $395,694
- Net Assets: $708,948
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOX OFFICE
Revenue
$1,396
Organization Details
Founding Year
1988
Phone
(718) 304-1048Principal Officer
Toya A Lillard
Main Address
1000 DEAN ST, BROOKLYN, NY, 11238
Website
www.651arts.orgNTEE Category
Code: A610 - Arts
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