Overview
What is Byrd Hoffman Water Mill Foundation?
Byrd Hoffman Water Mill Foundation, established in 1970 and located in New York City, is a nonprofit organization with a mission to foster emerging artists and promote innovative performing and visual arts. The foundation, also known as The Watermill Center, operates on Long Island, New York. It provides a conducive environment for artistic and theatrical pursuits, hosting a residency program open to artists, social scientists, and alumni of its summer program. The foundation's activities are evaluated and selected by a prestigious committee, showing a commitment to cross-disciplinary approaches and supporting emerging artists. With a team of 15 individuals, the Byrd Hoffman Water Mill Foundation aims to collect, preserve, and exhibit various artworks, contributing to the artistic community and cultural enrichment.
Official website here: www.watermillcenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Byrd Hoffman Water Mill Foundation has achieved an impressive Four-Star rating on Charity Navigator, reflecting its strong commitment to accountability and transparency in its operations. With a score of 97%, the foundation showcases effective management practices, including a fully independent board and robust financial oversight measures. The organization has demonstrated no material diversion of assets and maintains a high program expense ratio, indicating that a significant portion of its funds is directed toward its mission-driven activities.
The organization excels in various financial metrics, such as a low liabilities to assets ratio of 8.27%, which suggests sound financial health. Its fundraising efficiency is notably high, with just $0.05 spent to raise a dollar, emphasizing its ability to maximize resources effectively. Additionally, the foundation has established comprehensive policies, including conflict of interest and whistleblower protections, further underscoring its commitment to ethical governance.
While the foundation's performance indicators are highly favorable, potential donors and stakeholders should remain aware of the general market dynamics and potential challenges nonprofits face, including fluctuating funding sources and evolving community needs. Overall, the Byrd Hoffman Water Mill Foundation stands out as a well-managed nonprofit with a strong focus on fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Byrd Hoffman Water Mill Foundation?
92% of 226 reviewers on Facebook recommend the Byrd Hoffman Water Mill Foundation. Here is a summary of their reviews:
The general sentiment is overwhelmingly positive, with many users expressing appreciation for the unique artistic and cultural experiences offered by the foundation. Reviewers highlight the foundation's commitment to fostering creativity and community engagement, often noting the impact of their innovative programming.
Several comments emphasize the inviting atmosphere and the dedication of the staff in making events enjoyable and accessible. Overall, it appears that the Byrd Hoffman Water Mill Foundation truly resonates with its audience, delivering on its mission to promote art and culture effectively.
This AI summary has been generated from reviews found on Facebook.
Is Byrd Hoffman Water Mill Foundation legitimate?
Byrd Hoffman Water Mill Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Byrd Hoffman Water Mill Foundation 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: $480,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $699,576
For more financial information, click here
Official website here: www.watermillcenter.org
What is the mission statement of Byrd Hoffman Water Mill Foundation?
The Byrd Hoffman Water Mill Foundation, established in 1970, is mainly focused on aiding the development of emerging artists and promoting innovative performing and visual arts. It additionally serves to collect, preserve, and exhibit various artworks. The foundation operates the Watermill Center, established in 1992 by an unnamed individual on Long Island, New York. This center serves as a venue for research and participation in artistic and theatrical endeavors.
Official website here: www.watermillcenter.org
Who is the CEO of Byrd Hoffman Water Mill Foundation?
Elise Herget is the Wmc Dir. of Byrd Hoffman Water Mill Foundation.
Official website here: www.watermillcenter.org
What is the revenue of Byrd Hoffman Water Mill Foundation?
Byrd Hoffman Water Mill Foundation's revenue in 2022 was $2,246,881.
Official website here: www.watermillcenter.org
Who are the executives of Byrd Hoffman Water Mill Foundation and what are their salaries?
The average compensation at Byrd Hoffman Water Mill Foundation during 2022 was $78,655. There are 15 employees and 100 volunteers at Byrd Hoffman Water Mill Foundation.
Here are 10 key members and their salaries:
- Compensation: $153,000
- Related: $0
- Other: $9,083
- Compensation: $150,000
- Related: $0
- Other: $9,083
- Compensation: $150,000
- Related: $0
- Other: $9,083
- Compensation: $100,000
- Related: $0
- Other: $9,083
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.watermillcenter.org
Where can I find the form 990 for Byrd Hoffman Water Mill Foundation?
Byrd Hoffman Water Mill Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.watermillcenter.org
Learn more at the official website: www.watermillcenter.org
Mission Statement of Byrd Hoffman Water Mill Foundation
Byrd Hoffman Water Mill Foundation, established in 1970, was founded with a mission to foster the growth of emerging artists and promote innovative performing and visual arts. Moreover, the organization aims to collect, preserve, and exhibit various artworks. The foundation operates the Watermill Center, established in 1992 by Robert Wilson on Eastern Long Island, New York. This center serves as a hub for artistic and theatrical pursuits, offering a space for study and participation in these fields. The Watermill Center provides a platform for artists to engage in their creative endeavors, encouraging the exchange of ideas and the development of new artistic perspectives.
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Impact
October, 2024
The Byrd Hoffman Water Mill Foundation significantly impacts the arts landscape by fostering the growth of emerging artists and promoting innovative performing and visual arts. Through its residency program, it offers a nurturing environment for artists from diverse backgrounds, including social scientists, to develop their work and engage in cross-disciplinary projects. This initiative not only supports individual artistry but also cultivates a rich community of creativity, evaluated by a prestigious panel of experts across various fields.
The Watermill Center, established by Robert Wilson in 1992, serves as a vital hub for artistic study and experimentation. It collects, preserves, and exhibits a wide range of artworks, enriching cultural dialogue and public appreciation of the arts. By prioritizing emerging talent, the foundation ensures a continuous influx of fresh perspectives in the artistic community, ultimately contributing to the evolution of contemporary art.
This information is meant to be a general summary of Byrd Hoffman Water Mill Foundation. 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: $337,903
- Program Service Revenue: $10,142
- Gross Receipts: $5,198,017
Assets and Liabilities:
- Total Assets: $39,480,558
- Total Liabilities: $3,268,148
- Net Assets: $36,212,410
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Workshop Fees
Revenue
$10,142
Organization Details
Founding Year
1970
Phone
(212) 253-7484Principal Officer
Elise Herget
Main Address
115 W 29TH STREET 10TH FLR, NEW YORK, NY, 10001
Website
www.watermillcenter.orgNTEE Category
Code: A65 - Arts
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