Overview
What is The Ballroom Cultural Arts Foundation?
The Ballroom Cultural Arts Foundation, situated in Marfa, Texas, is a nonprofit organization that excels in presenting a diverse range of artistic and cultural events. Their offerings encompass visual art exhibitions, film screenings, music performances, and engaging dialogues. For the fiscal year 2022, they showcased ten such programs, including three major art exhibitions, a printed publication, and various educational sessions. The foundation also maintains two public installations and hosts artists-in-residence, all of which are accessible to the public at no cost. Moreover, they support over 30 artists, musicians, and creative minds and attract over 32,000 visitors annually. Their mission is to operate an exhibition facility and promote artistic and cultural events in Marfa, Texas.
Official website here: www.ballroommarfa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
The Ballroom Cultural Arts Foundation has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial management. The score is derived exclusively from the Accountability & Finance category, where it achieved a score of 73%. This rating reflects the foundation's commitment to transparency and governance, as evidenced by their independent board composition and strong policies regarding conflict of interest, whistleblower protections, and document management.
The organization demonstrates solid practices, such as having a wholly independent board and no material diversion of assets. They also maintain a healthy balance sheet, with a liabilities to assets ratio of 32.67%. However, the Program Expense Ratio of 63.63% indicates that there is room for improvement in directing a higher percentage of their expenditures towards program services, which is a critical metric for assessing the impact of a nonprofit.
Overall, while The Ballroom Cultural Arts Foundation shows commendable strengths in accountability and governance, its performance in program expenses suggests a need for enhanced focus on service delivery. This dual perspective is essential for potential donors and stakeholders evaluating the organization’s effectiveness and commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Ballroom Cultural Arts Foundation?
90% of 210 reviewers on Facebook recommend The Ballroom Cultural Arts Foundation. Here’s an overview of what people are saying:
Many attendees describe their experiences as unique and stimulating, emphasizing the unexpected and avant-garde nature of the programs offered. One reviewer noted how the innovative performances not only impressed them personally but also left a lasting impression on their family, showing the foundation’s ability to engage diverse audiences.
Overall, patrons seem to appreciate the bold and creative presentations, suggesting that the nonprofit successfully fulfills its promise of delivering impactful and memorable cultural experiences.
This AI summary has been generated from reviews found on Facebook.
Is The Ballroom Cultural Arts Foundation legitimate?
The Ballroom Cultural Arts Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Ballroom Cultural Arts 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: $106,792
Professional Fundraising Fees: $0
Other Salaries and Wages: $311,429
For more financial information, click here
Official website here: www.ballroommarfa.org
What is the mission statement of The Ballroom Cultural Arts Foundation?
The Ballroom Cultural Arts Foundation's mission is centered around operating an exhibition facility and providing a platform for artistic and cultural events. This is achieved through various mediums such as visual art, film, music performances, and engaging conversations. The foundation strives to make these events accessible to the public, ensuring they are free of charge. In addition, the foundation supports numerous artists, musicians, and visionary thinkers by presenting their work and providing opportunities for collaboration and residency programs. Through these initiatives, the Ballroom Cultural Arts Foundation draws a significant number of visitors, fostering an environment that promotes and celebrates creativity and cultural exchange.
Official website here: www.ballroommarfa.org
What is the revenue of The Ballroom Cultural Arts Foundation?
The Ballroom Cultural Arts Foundation's revenue in 2023 was $818,119.
Official website here: www.ballroommarfa.org
Who are the executives of The Ballroom Cultural Arts Foundation and what are their salaries?
The average compensation at The Ballroom Cultural Arts Foundation during 2023 was $38,020. There are 11 employees and 19 volunteers at The Ballroom Cultural Arts Foundation.
Here are 19 key members and their salaries:
- Compensation: $106,792
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Official website here: www.ballroommarfa.org
Where can I find the form 990 for The Ballroom Cultural Arts Foundation?
The Ballroom Cultural Arts Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ballroommarfa.org
Learn more at the official website: www.ballroommarfa.org
Mission Statement of The Ballroom Cultural Arts Foundation
The Ballroom Cultural Arts Foundation is dedicated to promoting artistic and cultural events through various mediums. This nonprofit organization specializes in visual art exhibitions, film screenings, music performances, and engaging conversations. Its primary mission is to operate an exhibition facility, serving as a platform for showcasing and fostering the works of artists, musicians, and innovative thinkers. By hosting a diverse range of programs, such as major visual art exhibitions, educational workshops, and music performances, The Ballroom Cultural Arts Foundation supports over thirty creative individuals, attracting over 32,000 visitors annually. The foundation's initiatives not only provide a space for artistic expression but also encourage dialogue and collaboration within the artistic community.
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Impact
October, 2024
The Ballroom Cultural Arts Foundation has a significant impact on the community of Marfa, Texas, by enhancing the cultural landscape through diverse artistic expressions. In fiscal year 2022, it presented a variety of programs, including three major visual art exhibitions, which provided local and visiting artists a platform to showcase their work. Additionally, the foundation hosted film screenings, music performances, and educational programs, which supported over 30 artists and musicians, fostering a vibrant artistic community.
With over 32,000 visitors drawn to its events, the foundation not only enriches the local culture but also positions Marfa as a pivotal destination for arts and cultural experiences. By maintaining public installations and facilitating artist residencies, it encourages ongoing dialogue and collaboration among visionary thinkers. The foundation’s commitment to offering all programs free of charge ensures accessibility, allowing a broad audience to engage with art and culture. As it prepares for its 20th anniversary in FY2024, the groundwork laid by these initiatives promises further growth and expansion of cultural offerings in the region.
This information is meant to be a general summary of The Ballroom Cultural Arts 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 2023.
- Investment Income: $9,134
- Program Service Revenue: $197,508
- Gross Receipts: $1,098,563
Assets and Liabilities:
- Total Assets: $1,380,148
- Total Liabilities: $328,769
- Net Assets: $1,051,379
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ART SALES COMMISSION
Revenue
$161,844
MERCHANDISE SALES
Revenue
$35,664
Organization Details
Founding Year
2003
Principal Officer
Virginia Lebermann
Website
www.ballroommarfa.orgNTEE Category
Code: A40 - Arts
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