Overview
What is Greater Hartford Arts Council Inc?
Greater Hartford Arts Council Inc, situated in Hartford, Connecticut, serves as a vital entity in the region's cultural landscape. Their primary mission is to inspire community engagement and investment in the arts. They achieve this by connecting people with various artistic endeavors, providing financial resources and support services to local arts and cultural institutions, and implementing a range of community programs. The organization's 'CREATE' category focuses on investing in artists and arts organizations, with the aim of strengthening the creative economy and fostering collaborative experiences. This is achieved through programs, workshops, and events, including individual artist grants, Hartford Creates expansion, and creative workforce programming. The Greater Hartford Arts Council Inc is the largest independent arts council in New England, combining the grant-making functions of a United Arts Agency with an array of programs and services typically found in a state or municipal cultural commission. The council employs around 15 individuals to carry out their mission.
Official website here: www.letsgoarts.org
What are the reviews and ratings of this charity?
Charity Navigator gives the Greater Hartford Arts Council Inc a rating of 87%, which translates to a Three-Star out of Four Star rating. This score reflects a solid performance in accountability and finance, indicating that the organization is well-managed and transparent in its operations. The rating is based on data published on September 1, 2021.
The organization excels in several key areas, notably having a fully independent board with strong oversight practices. It received top scores for its audit and oversight committee, conflict of interest policy, and the posting of its tax forms on its website, which demonstrates a commitment to transparency and governance. Additionally, the program expense ratio is commendable at 74.75%, suggesting that a significant portion of resources is dedicated to its programs.
However, while the council shows strengths in governance and program expenses, it faces challenges in its liabilities to assets ratio, which is lower than ideal at 74.92%. Additionally, the working capital ratio of 0.35 years indicates potential liquidity concerns. Overall, while the Greater Hartford Arts Council demonstrates strong accountability and a focus on its mission, attention to financial stability is necessary for sustained success.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Hartford Arts Council Inc legitimate?
Greater Hartford Arts Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Hartford Arts Council 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: $143,252
Professional Fundraising Fees: $0
Other Salaries and Wages: $412,903
For more financial information, click here
Official website here: www.letsgoarts.org
What is the mission statement of Greater Hartford Arts Council Inc?
The Greater Hartford Arts Council (GHAC) serves as a leader in promoting the financial success and organizational stability of the arts, cultural, and community sectors. Its mission, in essence, is to inspire people to participate and invest in the arts. GHAC achieves this by connecting individuals to the arts, offering financial resources and support services for arts and cultural institutions, and providing a variety of community programs. As the largest independent arts council in New England, GHAC incorporates the fundraising and grant-making functions of a United Arts Agency, while also offering an array of programs and services often found in a state or municipal cultural commission.
Official website here: www.letsgoarts.org
Who is the CEO of Greater Hartford Arts Council Inc?
Shelley Best is the CEO of Greater Hartford Arts Council Inc The CEO's salary of Greater Hartford Arts Council Inc is $143,251 and their total compensation is $143,251.
Official website here: www.letsgoarts.org
What is the revenue of Greater Hartford Arts Council Inc?
Greater Hartford Arts Council Inc's revenue in 2023 was $3,200,800.
Official website here: www.letsgoarts.org
Who are the executives of Greater Hartford Arts Council Inc and what are their salaries?
The average compensation at Greater Hartford Arts Council Inc during 2023 was $61,795. There are 9 employees and 5 volunteers at Greater Hartford Arts Council Inc.
Here are 18 key members and their salaries (Greater Hartford Arts Council Inc's CEO's salary is $143,251 and their total compensation is $143,251):
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Official website here: www.letsgoarts.org
Where can I find the form 990 for Greater Hartford Arts Council Inc?
Greater Hartford Arts Council Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.letsgoarts.org
Learn more at the official website: www.letsgoarts.org
Mission Statement of Greater Hartford Arts Council Inc
Greater Hartford Arts Council (GHAC) is committed to inspiring people to engage with and invest in the arts. As the largest independent arts council in New England, GHAC serves Connecticut's capital region by connecting individuals with various artistic experiences. Beyond this, GHAC provides financial resources and support services for arts and cultural institutions, and offers a variety of community programs. In essence, GHAC plays a vital role in fostering the financial success and organizational stability of the arts and cultural sector in the region, while also offering opportunities for public engagement. By combining the fundraising and grant-making functions of a United Arts Agency with a wide range of programs and services, GHAC is instrumental in enriching the cultural landscape of its community.
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Impact
October, 2024
The Greater Hartford Arts Council Inc plays a pivotal role in enhancing the cultural landscape and creative economy of Hartford and Connecticut's capital region. By fostering artistic expression and ensuring organizational stability for arts and cultural institutions, it significantly contributes to the community's vibrancy and wellness.
Through its CREATE initiative, the Council invests in both arts organizations and individual artists, creating pathways for increased success and collaboration. This includes providing essential grants to artists, expanding programs like Hartford Creates, and developing creative workforce programming. As a result, the Council not only supports established cultural entities but also nurtures emerging talents, helping to cultivate a diverse range of artistic expressions.
Additionally, the Council's commitment to connecting people with the arts ensures that communities engage through workshops, events, and programs tailored to foster participation and investment in the arts. This broad-reaching impact promotes a more inclusive cultural environment, making the arts accessible to all and enriching the lives of Hartford's residents.
By combining fundraising and grant-making functions with a comprehensive array of support services, the Greater Hartford Arts Council serves as a vital catalyst for creativity and collaboration, ultimately reinforcing the region's artistic identity and economic growth.
This information is meant to be a general summary of Greater Hartford Arts Council 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 2023.
- Investment Income: $33,974
- Program Service Revenue: $468,267
- Gross Receipts: $3,265,653
Assets and Liabilities:
- Total Assets: $2,978,532
- Total Liabilities: $2,231,715
- Net Assets: $746,817
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATION OF GRANTS FEES
Revenue
$468,267
Organization Details
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