Overview
What is Salmagundi Club?
The Salmagundi Club is a nonprofit organization dedicated to promoting education and charity, with a particular focus on fostering originality among its members and the broader advancement of various art forms. They achieve this goal by organizing a variety of events, including lectures, concerts, demonstrations, tango dancing lessons, panel discussions, and other activities. These events are open to both club members and the public, allowing for the sharing and appreciation of art. The Salmagundi Club's mission is to inspire and educate, fostering an environment that celebrates art in all its forms.
Official website here: www.salmagundi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Star rating)
The Salmagundi Club has achieved a strong Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. With a score of 93% in this category, the organization demonstrates exemplary governance practices, including 100% independent board members and comprehensive audit oversight. These attributes indicate a well-managed entity with a commitment to transparency and ethical governance.
The club’s financial health is underscored by a low liabilities to assets ratio of 7.70%, suggesting a stable financial position. Additionally, its program expense ratio of 67.48% indicates a significant portion of its spending is directed towards its mission-driven programs. The organization's ability to maintain a working capital ratio of 2.91 years further highlights its financial sustainability.
However, there are areas for improvement, particularly in fundraising efficiency, where it scored notably lower. The $0.01 ratio suggests room for enhancing its ability to generate revenue relative to the costs incurred in fundraising efforts. Overall, while the Salmagundi Club exhibits strong financial accountability, focusing on optimizing fundraising strategies could further bolster its impact.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Salmagundi Club?
78% of 682 reviewers on Facebook recommend the Salmagundi Club. Here is a summary of their reviews:
Many users express their admiration for the club, highlighting it as an inspiring environment filled with creative talent. It is often described as a hidden gem in Manhattan, suggesting that those who discover it appreciate the unique artistic offerings available. The mention of it being one of Manhattan's best-kept secrets further reinforces its appeal among art enthusiasts.
Overall, the sentiment surrounding the Salmagundi Club is largely positive. Reviewers seem to feel that the club fosters a vibrant community and provides a rich experience for individuals interested in the arts. Those who visit tend to leave with a sense of discovery and inspiration, contributing to its reputation as a noteworthy destination in the city.
This AI summary has been generated from reviews found on Facebook.
Is Salmagundi Club legitimate?
Salmagundi Club is a legitimate nonprofit organization registered as a 501(c)(3) entity. Salmagundi Club 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: $1,151,415
For more financial information, click here
Official website here: www.salmagundi.org
What is the mission statement of Salmagundi Club?
The Salmagundi Club, an organization with educational and charitable objectives, is dedicated to fostering originality among its members and promoting the growth of various artistic forms. They accomplish this by hosting a variety of events, such as lectures, concerts, demonstrations, tango dancing lessons, panel discussions, and open sessions, which are designed to stimulate interest in and appreciation for art. These events cater to both club members and the general public, thereby broadening the reach of their artistic advocacy.
Official website here: www.salmagundi.org
Who is the CEO of Salmagundi Club?
Jacob Collins is the President of Salmagundi Club.
Official website here: www.salmagundi.org
What is the revenue of Salmagundi Club?
Salmagundi Club's revenue in 2022 was $2,508,653.
Official website here: www.salmagundi.org
Who are the executives of Salmagundi Club and what are their salaries?
There 100 volunteers at Salmagundi Club.
Here are 22 key members and their salaries:
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Official website here: www.salmagundi.org
Where can I find the form 990 for Salmagundi Club?
Salmagundi Club's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.salmagundi.org
Learn more at the official website: www.salmagundi.org
Mission Statement of Salmagundi Club
The Salmagundi Club, a nonprofit organization, is driven by educational and charitable purposes. Its mission is to foster originality among its members and promote the growth of various art forms. The club achieves this by encouraging the advancement of art in all its forms, including but not limited to, music, painting, and literature. Salmagundi Club achieves this goal by hosting a variety of events, such as lectures, concerts, demonstrations, tango dancing lessons, panel discussions, and other engaging activities. These events are not only exclusive to club members but are also open to the public, allowing for a wider appreciation of art. By providing these opportunities, the Salmagundi Club aims to not only inspire creativity among its members but also to share this passion for art with a broader audience.
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Impact
October, 2024
The Salmagundi Club has a significant impact on the art community and the cultural landscape of New York City. By promoting originality among its members and fostering the advancement of diverse art forms, the club plays a crucial role in nurturing creative expression. Its wide range of offerings—including lectures, concerts, demonstrations, tango dancing lessons, and panel discussions—encourages both members and the public to engage deeply with the arts.
Through these events, the Salmagundi Club not only enhances appreciation for various artistic disciplines but also creates an inclusive environment where creativity flourishes. This commitment to educational and charitable purposes ensures that art remains accessible, invigorating the community and inspiring future generations of artists and art enthusiasts alike. The club serves as a vital hub for collaboration and dialogue, helping to shape the artistic narrative in the region and beyond.
This information is meant to be a general summary of Salmagundi Club. 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: $621,098
- Program Service Revenue: $433,913
- Gross Receipts: $3,712,140
Assets and Liabilities:
- Total Assets: $5,339,631
- Total Liabilities: $411,154
- Net Assets: $4,928,477
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AUCTIONS & EXHIBITIONS
Revenue
$364,833
APPLICATION FEES
Revenue
$35,572
ART CLASSES
Revenue
$33,508
Organization Details
Founding Year
1871
Phone
(212) 255-7740Principal Officer
Jacob Collins
Main Address
47 FIFTH AVENUE, NEW YORK, NY, 10003
Website
www.salmagundi.orgNTEE Category
Code: A20C - Arts
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