Overview
What is Cygnus Creative Arts Centre Inc?
Cygnus Creative Arts Centre Inc is a nonprofit organization that has been instrumental in offering opportunities for local residents to engage with various art forms. Their initiatives encompass dance, art, sculpture, music, and voice, aiming to provide a platform for artistic expression and exposure. The center's mission is to cultivate an environment that supports the arts, thereby offering facilities for artistic pursuits within the community.
Official website here: www.cygnusarts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%
Cygnus Creative Arts Centre Inc has received a low rating of 36%, which translates to a Zero-Star out of Four Star rating. This score indicates significant concerns in the areas of accountability and financial transparency. While the organization boasts a fully independent board, scoring top points for both the majority independent board members and board size, it lacks essential governance policies such as a conflict of interest policy and a whistleblower policy.
The financial aspects of the charity raise red flags, particularly with a program expense ratio of only 28.22%. This suggests that a very small portion of its total expenses is directed towards its programs, which may affect its overall impact. Additionally, the organization has a liabilities to assets ratio of 0.00%, indicating potential financial instability or lack of clarity regarding its financial commitments.
Despite some strengths in governance, the absence of critical policies and low program expenditure may hinder the charity's effectiveness and credibility. Prospective donors and supporters should consider these factors before engaging with Cygnus Creative Arts Centre Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Cygnus Creative Arts Centre Inc legitimate?
Cygnus Creative Arts Centre Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cygnus Creative Arts Centre Inc 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: $40,975
For more financial information, click here
Official website here: www.cygnusarts.org
What is the mission statement of Cygnus Creative Arts Centre Inc?
The Cygnus Creative Arts Centre Inc's mission is centered around providing facilities that foster artistic growth and expression. Throughout the year, they organize achievement programs that expose a significant number of residents to a variety of art forms such as dance, visual arts, sculpture, music, and vocal performances. Their primary objective is to serve as a platform for the arts, offering opportunities for artistic exploration and development.
Official website here: www.cygnusarts.org
What is the revenue of Cygnus Creative Arts Centre Inc?
Cygnus Creative Arts Centre Inc's revenue in 2024 was $177,854.
Official website here: www.cygnusarts.org
Who are the executives of Cygnus Creative Arts Centre Inc and what are their salaries?
The average compensation at Cygnus Creative Arts Centre Inc during 2024 was $20,488. There are 2 employees and 10 volunteers at Cygnus Creative Arts Centre Inc.
Here are 10 key members and their salaries:
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- Compensation: $17,025
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- Compensation: $23,950
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Official website here: www.cygnusarts.org
Where can I find the form 990 for Cygnus Creative Arts Centre Inc?
Cygnus Creative Arts Centre Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.cygnusarts.org
Learn more at the official website: www.cygnusarts.org
Mission Statement of Cygnus Creative Arts Centre Inc
Cygnus Creative Arts Centre Inc, a non-profit organization, is dedicated to providing facilities for the propagation and appreciation of various art forms. Their mission is twofold: firstly, they offer a plethora of achievement programs throughout the year, allowing hundreds of local residents to immerse themselves in a variety of artistic activities such as dance, visual arts, sculpture, music, and vocal performances. Secondly, their primary objective is to serve as a platform for the arts, providing a space where these artistic pursuits can flourish and be shared with the community.
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Impact
October, 2024
Cygnus Creative Arts Centre Inc significantly enriches the community by providing access to a diverse range of artistic activities. Through its first achievement programs, hundreds of residents in Egg Harbor Township have the opportunity to engage in various forms of art, including dance, sculpture, music, and voice. This exposure fosters creativity, nurtures talent, and cultivates an appreciation for the arts, ultimately enhancing the cultural landscape of the area. By offering dedicated facilities for the arts, Cygnus Creative Arts Centre Inc plays a vital role in empowering individuals and promoting artistic expression within the community.
This information is meant to be a general summary of Cygnus Creative Arts Centre Inc. 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 2024.
- Investment Income: $1,177
- Program Service Revenue: $162,522
- Gross Receipts: $177,985
Assets and Liabilities:
- Total Assets: $106,869
- Total Liabilities: $829
- Net Assets: $106,040
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION, CLASSES
Revenue
$162,522
Organization Details
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