Overview
What is Clemente Soto Velez Cultural And Education Ctr?
The Clemente Soto Velez Cultural and Education Center is a nonprofit organization situated in New York City, specifically at 107 Suffolk Street, Apt 3rd FL, New York, NY 10002. This institution, primarily serving the Latino and multicultural community, provides an affordable space for performing arts and visual arts. With subsidized rates, it accommodates over 100 resident and visiting artists. Apart from art spaces, the center also hosts various Latino and multicultural organizations, programs, and art exhibitions, fostering artistic collaboration among artists. The total workforce is composed of 11 individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
Clemente Soto Velez Cultural And Education Center has received a solid Three-Star rating from Charity Navigator, indicating a relatively strong performance in Accountability and Finance. The organization demonstrates commendable governance with 88% of its board members being independent and a robust conflict of interest policy in place. Furthermore, the center has a strong audit and oversight committee, ensuring transparency in its financial practices.
The financial health of the organization is also noteworthy, with a low liabilities to assets ratio of 17.44%, reflecting a stable financial position. The organization effectively manages its resources, although its program expense ratio of 64.11% suggests there may be room for improvement in channeling a larger portion of its funds directly into programs and services.
While the charity has demonstrated accountability and a commitment to good governance, potential donors might want to consider the program expense ratio as an area for further attention. Overall, the Clemente Soto Velez Cultural And Education Center is positioned well in terms of financial integrity but could enhance its programmatic impact through more efficient resource allocation.
This AI summary has been generated from information found on Charity Navigator.
Is Clemente Soto Velez Cultural And Education Ctr legitimate?
Clemente Soto Velez Cultural And Education Ctr is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clemente Soto Velez Cultural And Education Ctr 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: $471,230
For more financial information, click here
What is the mission statement of Clemente Soto Velez Cultural And Education Ctr?
The Clemente Soto Velez Cultural and Education Center, as a Puerto Rican and Latino cultural institution, fosters a broad-minded cultural vision and promotes a collaborative philosophy. Its primary mission is to provide affordable performing and visual art spaces for over 100 resident and visiting Latino and multicultural artists annually. The center hosts various Latino and multicultural organizations, programs, and art exhibitions, encouraging artistic collaboration among artists.
Who is the CEO of Clemente Soto Velez Cultural And Education Ctr?
Libertad Guerra is the Executive Director of Clemente Soto Velez Cultural And Education Ctr.
What is the revenue of Clemente Soto Velez Cultural And Education Ctr?
Clemente Soto Velez Cultural And Education Ctr's revenue in 2022 was $1,543,685.
Who are the executives of Clemente Soto Velez Cultural And Education Ctr and what are their salaries?
The average compensation at Clemente Soto Velez Cultural And Education Ctr during 2022 was $42,839. There are 11 employees at Clemente Soto Velez Cultural And Education Ctr.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Clemente Soto Velez Cultural And Education Ctr?
Clemente Soto Velez Cultural And Education Ctr's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Clemente Soto Velez Cultural And Education Ctr
The Clemente Soto Velez Cultural and Educational Center, a Puerto Rican/Latino Cultural Institution, embodies a broad-minded cultural vision and a collaborative philosophy. This nonprofit organization is committed to providing an affordable space for over 100 resident and visiting artists, primarily of Latino and multicultural backgrounds, to engage in performing and visual arts. The center hosts a variety of Latino and multicultural organizations, programs, and art exhibitions, fostering artistic cooperation among artists. By offering subsidized rates, the Clemente Soto Velez Cultural and Educational Center promotes the growth and development of diverse artistic talents.
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Impact
October, 2024
Clemente Soto Velez Cultural and Educational Center significantly enriches the cultural landscape of New York City by providing affordable access to artistic spaces for both resident and visiting Latino and multicultural artists. With its year-round offerings, the center serves over 100 artists, fostering an environment of collaboration that enhances creative expression and cultural exchange.
By hosting various cultural organizations, programs, and art exhibitions, the center not only showcases diverse artistic voices but also strengthens community ties. This commitment to inclusivity and accessibility ensures that underrepresented groups have the opportunity to share their stories and perspectives through art. The financial support offered through subsidized rates allows emerging artists to focus on their craft without the burden of prohibitive costs, contributing to a vibrant and dynamic artistic community.
The collaborative philosophy of the Clemente Soto Velez Cultural and Educational Center bolsters artistic cooperation, allowing for cross-cultural dialogues and innovative projects that reflect the rich tapestry of Latino and multicultural heritage. Through its mission and activities, the center plays a crucial role in promoting cultural awareness and appreciation in New York City, impacting both artists and audiences alike.
This information is meant to be a general summary of Clemente Soto Velez Cultural And Education Ctr. 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: $890,457
- Gross Receipts: $1,543,685
Assets and Liabilities:
- Total Assets: $2,169,037
- Total Liabilities: $378,393
- Net Assets: $1,790,644
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Artist Studio Rental/OrganizationRentals
Revenue
$404,282
Theater and Temporary Rental
Revenue
$402,252
Parking Rentals
Revenue
$83,923
Organization Details
Founding Year
1993
Phone
(212) 260-4080Principal Officer
Libertad Guerra
Main Address
107 SUFFOLK STREET APT 3RD FL, NEW YORK, NY, 10002
NTEE Category
Code: A60Z - Arts
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