Overview
What is Centrum Foundation?
Centrum Foundation, situated in Port Townsend, Washington, is a nonprofit organization dedicated to fostering creative and artistic growth. They achieve this by offering numerous workshops, performances, and educational programs annually, with the majority of activities taking place during the summer. These workshops cover various genres such as jazz, blues, fiddle tunes, and writing for individuals of all ages. The culmination of these workshops is presented to the public through performances at the McCurdy Pavilion and Wheeler Theater. Besides summer activities, Centrum also provides specific programs for Washington youth, including a high school summer arts camp, Water World for 5th and 6th graders, and Explorations for middle schoolers. Approximately 460 artists utilize Centrum's cottages annually to develop new works, thereby contributing to the artistic community. The mission of Centrum Foundation is to encourage individuals seeking artistic growth while presenting visual, literary, and performing arts to the public.
Official website here: www.centrum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star Rating
Centrum Foundation has achieved a high rating of 96% from Charity Navigator, reflecting their strong performance in accountability and finance. This rating indicates a commitment to transparent operations and sound financial practices, making them a reliable choice for potential donors. The organization's ability to meet all key metrics in their evaluation showcases a well-structured governance and financial oversight.
One of the notable strengths of Centrum Foundation is its fully independent board, which consists of 12 members, allowing for impartiality in decision-making. Additionally, they have implemented robust financial oversight measures, including a dedicated audit and oversight committee. Their financial ratios, such as a low liability-to-assets ratio and high program expense ratio, indicate effective allocation of funds towards their mission.
While the organization performs well overall, the program expense ratio at 68.59% suggests there is room for improvement in maximizing the percentage of funds directed to programs versus administrative costs. However, their fundraising efficiency is commendable, with only $0.15 spent to raise each dollar. Overall, Centrum Foundation stands out as a well-managed nonprofit with a strong commitment to accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Centrum Foundation legitimate?
Centrum Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Centrum 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: $145,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,045,191
For more financial information, click here
Official website here: www.centrum.org
What is the mission statement of Centrum Foundation?
The Centrum Foundation's mission is to encourage creative and artistic growth among individuals. It achieves this by presenting visual, literary, and performing arts to the public. The foundation conducts various workshops, performances, and educational programs, attracting over 10,000 participants annually, primarily during the summer. These workshops include jazz, blues, fiddle tunes, and writing for students of all ages. Performances at the McCudry Pavilion and Wheeler Theater are the culmination of these workshops, benefiting the general public. Furthermore, the foundation offers specialized programs for Washington youth, such as a high school summer arts camp, Water World for 5th and 6th graders, and Explorations for middle schoolers. Nearly 460 artists utilize the Centrum cottages annually to create new works.
Official website here: www.centrum.org
Who is the CEO of Centrum Foundation?
Scott Wilson is the President of Centrum Foundation.
Official website here: www.centrum.org
What is the revenue of Centrum Foundation?
Centrum Foundation's revenue in 2022 was $4,566,550.
Official website here: www.centrum.org
Who are the executives of Centrum Foundation and what are their salaries?
The average compensation at Centrum Foundation during 2022 was $26,449. There are 45 employees and 300 volunteers at Centrum Foundation.
Here are 20 key members and their salaries:
- Compensation: $145,000
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Official website here: www.centrum.org
Where can I find the form 990 for Centrum Foundation?
Centrum Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.centrum.org
Learn more at the official website: www.centrum.org
Mission Statement of Centrum Foundation
Centrum Foundation, a renowned organization, is committed to fostering creative and artistic growth within individuals. It achieves this by showcasing a diverse range of visual, literary, and performing arts to the public. The primary mission of Centrum Foundation is to encourage and inspire individuals seeking artistic development, providing them with a platform to showcase their talents.
Throughout the year, Centrum Foundation engages over 10,000 people in its programs. The organization's activities peak during the summer when it offers workshops in various disciplines, including jazz, blues, fiddle tunes, and writing, catering to individuals of all ages. The culmination of these workshops is a series of performances at the McCurdy Pavilion and Wheeler Theater, offering the general public an opportunity to enjoy the fruits of these creative endeavors.
Beyond its summer programs, Centrum Foundation also focuses on engaging Washington youth. This includes organizing a High School Summer Arts Camp, Water World for 5th and 6th graders, and Explorations for middle schoolers. Additionally, the foundation provides nearly 460 artists with the opportunity to create new works at its cottages annually, further contributing to the artistic landscape.
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Impact
October, 2024
Centrum Foundation significantly impacts the community by fostering creative and artistic growth across diverse age groups. Each year, over 10,000 participants engage in workshops, performances, and educational programs focused on various art forms, including jazz, blues, fiddle tunes, and writing. The summer months see an influx of activity, with intensive workshops culminating in public performances at venues like the McCurdy Pavilion and Wheeler Theater.
In addition to its widespread appeal for adults, Centrum specifically caters to Washington youth through programs such as a high school summer arts camp, Water World for 5th and 6th graders, and Explorations for middle schoolers. This commitment to youth engagement ensures that younger generations have access to artistic opportunities that can nurture their talents.
Moreover, nearly 460 artists utilize Centrum's facilities each year, creating new works and contributing to the vibrancy of the arts community in Port Townsend, WA. Through these initiatives, Centrum not only cultivates individual creativity but also enriches the cultural landscape for the broader public, making the arts accessible and engaging for everyone.
This information is meant to be a general summary of Centrum 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 2022.
- Investment Income: $21,775
- Program Service Revenue: $1,036,041
- Gross Receipts: $4,579,923
Assets and Liabilities:
- Total Assets: $3,619,964
- Total Liabilities: $265,868
- Net Assets: $3,354,096
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$472,178
ROOM & BOARD
Revenue
$357,056
ADMISSIONS
Revenue
$156,522
CONTRACT SERVICES
Revenue
$42,954
OTHER REVENUE
Revenue
$7,331
Organization Details
Founding Year
1974
Phone
(360) 385-3102Principal Officer
Scott Wilson
Main Address
PO BOX 1158, PORT TOWNSEND, WA, 98368
Website
www.centrum.orgNTEE Category
Code: A25Z - Arts
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