Overview
What is The Studios Of Key West?
The Studios of Key West is a vibrant nonprofit organization situated in Key West, Florida, at 533 Eaton Street. Their primary mission is to bolster the role of artists, creative educators, and cultural producers in the community. To achieve this, they develop, promote, and produce a variety of cultural programs, exhibitions, lectures, films, theater performances, and music events. This includes hosting visiting artists in residency and offering professional development opportunities for local creative practitioners. The organization's activities are geared towards supporting and fostering the artistic and cultural landscape of Key West. With a staff of 24 individuals, they are dedicated to enriching their community through the arts.
Official website here: www.tskw.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Stars
The Studios of Key West has achieved a commendable Four-Star rating on Charity Navigator, reflecting its strong commitment to accountability and financial health. The high rating is derived from an impressive 97% score in the Accountability & Finance category, indicating that the organization effectively manages its resources and adheres to best practices in governance.
One of the organization's notable strengths is its board composition, featuring a fully independent board with 15 members. Additionally, it has implemented robust policies such as a conflict of interest policy, a whistleblower policy, and thorough documentation practices. The financial stability is further evidenced by a low liabilities-to-assets ratio and a high program expense ratio, highlighting the focus on mission-driven activities.
While The Studios of Key West demonstrates excellent fundraising efficiency and has a substantial working capital ratio, there is no mention of any material asset diversion. Overall, the organization exemplifies transparency and a strong commitment to its mission, making it a trustworthy choice for donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is The Studios Of Key West legitimate?
The Studios Of Key West is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Studios Of Key West 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: $128,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $854,563
For more financial information, click here
Official website here: www.tskw.org
What is the mission statement of The Studios Of Key West?
The organization known as The Studios of Key West has a mission to support, foster, and advance the roles of artists, creative educators, and cultural producers in their field. Their primary goal is to develop, promote, and produce cultural programming, art education, and events for the community. They present exhibitions, lectures, film, theater, and music events, hosting visiting artists in residences and offering professional development opportunities for local creative practitioners. The Studios of Key West aims to empower and elevate the contributions of artists and cultural producers, ultimately enriching the artistic landscape.
Official website here: www.tskw.org
What is the revenue of The Studios Of Key West?
The Studios Of Key West's revenue in 2023 was $2,702,929.
Official website here: www.tskw.org
Who are the executives of The Studios Of Key West and what are their salaries?
The average compensation at The Studios Of Key West during 2023 was $40,944. There are 24 employees and 100 volunteers at The Studios Of Key West.
Here are 16 key members and their salaries:
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- Compensation: $136,600
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Official website here: www.tskw.org
Where can I find the form 990 for The Studios Of Key West?
The Studios Of Key West's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.tskw.org
Learn more at the official website: www.tskw.org
Mission Statement of The Studios Of Key West
The Studios of Key West, as an organization, is dedicated to fostering and advocating for the role of artists, creative educators, and cultural producers in their community. Their primary goal is to support these individuals, providing them with the resources and opportunities they need to thrive. To achieve this, they develop, promote, and produce a variety of cultural programming, art education, and events for the community. This includes presenting exhibitions, hosting lectures, film screenings, theater performances, and music events. The Studios of Key West also invites visiting artists to participate in residency programs, offering professional development opportunities for local creative practitioners. By supporting this talent and fostering a creative community, The Studios of Key West plays a vital role in enriching the cultural landscape of their area.
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Impact
October, 2024
The Studios of Key West significantly enhances the cultural landscape of Key West, Florida, by nurturing artists, creative educators, and cultural producers. Through various initiatives, it provides a platform for artistic expression and engagement within the community. The organization develops and promotes a rich array of cultural programming, including exhibitions, humanities lectures, and performance events that range from film and theater to music.
By hosting visiting artists in residence, The Studios fosters a dynamic exchange of ideas and practices, enriching the local artistic community. Additionally, it offers professional development opportunities for creative practitioners, ensuring that local talent receives the support and resources needed to thrive. This commitment not only elevates individual artists but also cultivates a more vibrant and cohesive cultural environment in Key West, ultimately enhancing the community's identity and sense of place through the arts.
This information is meant to be a general summary of The Studios Of Key West. 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: $804
- Program Service Revenue: $585,330
- Gross Receipts: $3,373,230
Assets and Liabilities:
- Total Assets: $14,900,536
- Total Liabilities: $2,012,084
- Net Assets: $12,888,452
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$382,543
ART SALES
Revenue
$125,244
OTHER PROGRAM REVENUE
Revenue
$77,543
Organization Details
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