Overview
What is Beaux Arts Committee Inc?
Beaux Arts Committee Inc, based in Nichols Hills, Oklahoma, is a charitable organization renowned for its annual Debutante Ball. The proceeds from this event serve as a significant source of support for the Oklahoma City Museum of Art. In 2022, the committee made a substantial donation of $120,000 to the museum, following a successful Debutante Ball in 2021 that raised $66,950 in ticket sales. Remarkably, due to the impact of COVID-19, there was no ball or donation in 2020. The committee's mission is to contribute to the museum's endeavors, ensuring the continuation of its high-quality artistic and educational programs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%)
Beaux Arts Committee Inc has received a two-star rating from Charity Navigator, indicating that while the organization demonstrates strong accountability and financial management, there are areas requiring improvement. The impressive score of 100% for accountability and finance reflects a robust governance structure, including a completely independent board and excellent management of assets.
The group excels in maintaining a low liabilities to assets ratio and directing a significant majority of its resources to program expenses, showcasing its commitment to its mission. However, the overall rating suggests that there may be operational or impact-related concerns that need to be addressed for the organization to enhance its effectiveness and overall standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Beaux Arts Committee Inc legitimate?
Beaux Arts Committee Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beaux Arts Committee 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: $0
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What is the mission statement of Beaux Arts Committee Inc?
The Beaux Arts Committee Inc, through its primary activity, organizes a debutante ball annually in the fall. A portion of the proceeds from this event is donated to support the Oklahoma City Museum of Art. In 2022, the committee made a generous donation of $120,000 to the museum following the successful sale of tickets and other contributions from the 2020 fiscal year. There was no donation made to the museum in 2021 due to the absence of the ball in 2020 due to COVID-19. The funds raised and donated contribute to the museum's ability to continue its primary focus, which is to produce and present high-quality artistic and educational programs.
(Paraphrased from the provided information, focusing on the committee's mission and activities to support the Oklahoma City Museum of Art.)
Who is the CEO of Beaux Arts Committee Inc?
Margo Ward is the Ex-Officio of Beaux Arts Committee Inc.
What is the revenue of Beaux Arts Committee Inc?
Beaux Arts Committee Inc's revenue in 2022 was -$70,875.
Who are the executives of Beaux Arts Committee Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Beaux Arts Committee Inc?
Beaux Arts Committee Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Beaux Arts Committee Inc
The Beaux Arts Committee Inc, a nonprofit organization, is primarily known for sponsoring an annual Debutante Ball each fall. This event serves as a significant source of funds for the organization. A portion of the earnings from this event is allocated to support the Oklahoma City Museum of Art. The committee's act of sponsoring this event and donating a portion of the proceeds to the museum contributes significantly to the museum's ability to continue providing high-quality artistic and educational programs. In June 2022, the Beaux Arts Committee Inc made a generous donation of $120,000 to the Oklahoma City Museum of Art, following a successful Debutante Ball in 2021 that yielded $66,950 in ticket sales. However, due to the COVID-19 pandemic, no donation was made in 2021 as there was no Debutante Ball held that year. The committee's donations and fundraising efforts provide the necessary resources for the museum to carry out its primary objective of producing and presenting top-notch artistic and educational programs.
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Impact
October, 2024
Beaux Arts Committee Inc significantly impacts the cultural landscape by sponsoring an annual debutante ball, which serves as a vital source of funding for the Oklahoma City Museum of Art. In 2021, the event generated $66,950 in ticket sales, contributing to a generous $120,000 donation to the museum in June 2022. This vital funding supports the museum's mission to produce and present high-quality artistic and educational programs, ensuring the continued accessibility of the arts to the community. The committee's efforts not only elevate the cultural experience in the region but also foster a deeper appreciation for the arts among residents and visitors alike.
This information is meant to be a general summary of Beaux Arts Committee 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 2022.
- Investment Income: $63
- Gross Receipts: $99,902
Assets and Liabilities:
- Total Assets: $124,792
- Total Liabilities: $0
- Net Assets: $124,792
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Organization Details
Founding Year
1945
Phone
(405) 820-8887Principal Officer
Margo Ward
Main Address
6419 N HILLCREST AVE, NICHOLS HILLS, OK, 73116
NTEE Category
Code: A51I - Arts
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