Overview
What is Downtown Art Co?
Downtown Art Co is a nonprofit organization situated in New York City, specifically on the Lower East Side. Their primary mission is to cultivate and showcase cultural programs for both local communities and the wider public. With a rich history, Downtown Art has been instrumental in developing original performing arts programs in collaboration with youth and other organizations within the Lower East Side. Their activities are profoundly rooted in community engagement, and they have a strong commitment to serving their immediate neighborhood. Beyond presenting cultural events, Downtown Art also offers affordable spaces for such programming, demonstrating their dedication to fostering a vibrant cultural scene in New York City.
Official website here: www.downtownart.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating.
Downtown Art Co has received a low rating of 56%, which indicates significant concerns regarding its accountability and financial practices. The organization has zero independent board members, which can raise questions about governance and oversight. While they have no material diversion of assets, the lack of policies related to conflicts of interest, whistleblowing, and document retention is a notable weakness.
On a positive note, Downtown Art Co exhibits a strong program expense ratio of 98.35%, suggesting that the majority of its funds are being directed towards its programs rather than administrative costs. Additionally, the organization maintains a reasonable liabilities to assets ratio of 37.10%, indicating a stable financial position in terms of managing debts relative to its assets.
However, the absence of critical governance policies such as a conflict of interest policy and a whistleblower policy is concerning, as it may affect transparency and accountability. Furthermore, the lack of independent board members could limit diverse perspectives and oversight, which are essential for effective nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is Downtown Art Co legitimate?
Downtown Art Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Art Co 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: $0
For more financial information, click here
Official website here: www.downtownart.org
What is the mission statement of Downtown Art Co?
Downtown Art Co's mission is centered around creating and showcasing cultural programs, with a strong emphasis on serving local communities, specifically the Lower East Side neighborhood in New York City. The organization presents a variety of cultural events, focusing on serving both the local community and the general public. With an extensive history, Downtown Art has been instrumental in creating original performing arts programs with youth and collaborating with other organizations within New York City. The organization has also demonstrated a commitment to community engagement, having worked closely with youth and members of its immediate neighborhood.
Official website here: www.downtownart.org
Who is the CEO of Downtown Art Co?
Ryan Gilliam is the Treasurer of Downtown Art Co.
Official website here: www.downtownart.org
What is the revenue of Downtown Art Co?
Downtown Art Co's revenue in 2022 was $54,839.
Official website here: www.downtownart.org
Who are the executives of Downtown Art Co and what are their salaries?
Here are 3 key members and their salaries:
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- Other: $0
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- Other: $0
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Official website here: www.downtownart.org
Where can I find the form 990 for Downtown Art Co?
Downtown Art Co's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.downtownart.org
Learn more at the official website: www.downtownart.org
Mission Statement of Downtown Art Co
Downtown Art, a renowned organization, is dedicated to crafting and showcasing cultural programs, while also offering affordable spaces for such activities. With a deep commitment to serving its local community, specifically the Lower East Side neighborhood in New York City, Downtown Art's mission extends beyond the city limits, reaching out to the general public as well. Over the years, Downtown Art has built a reputation for creating unique performing arts programs in collaboration with youth and other local organizations. The organization has a long-standing tradition of fostering community engagement, working closely with the youth and residents of the Lower East Side, enhancing the cultural richness of the area.
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Impact
August, 2024
Downtown Art Co's impact is significant in the local community of the Lower East Side in New York City. Through their cultural programs and affordable space offerings, they have played a key role in providing access to arts and cultural experiences for the residents of the area. Their focus on serving the community, especially the youth, has led to the creation of original performing arts programs and collaborative initiatives with other organizations in the Lower East Side. Downtown Art Co's commitment to community engagement and supporting local talent has made a lasting impact on the cultural landscape of the neighborhood.
This information is meant to be a general summary of Downtown Art Co. 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.
- Program Service Revenue: $28,104
- Gross Receipts: $54,839
Assets and Liabilities:
- Total Assets: $5,747,738
- Total Liabilities: $2,130,000
- Net Assets: $3,617,738
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Organization Details
Founding Year
1988
Phone
(917) 587-6889Principal Officer
Ryan Gilliam
Main Address
70 East 4th Street, New York, NY, 10003
Website
www.downtownart.orgNTEE Category
Code: A20 - Arts
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