Overview
What is Lake Wales Arts Council Inc?
Lake Wales Arts Council Inc is a nonprofit organization based in Lake Wales, Florida. With a team of three dedicated individuals, their primary mission is to foster the growth and appreciation of visual and performing arts in the local community. They achieved this through an annual art show, attracting around 80 artists and attracting approximately 3,000-4,000 attendees. This event provided a platform for local and regional artists to showcase their talent, promoting artistic expression and creativity in Lake Wales.
Official website here: www.lakewalesartscouncil.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating).
The Lake Wales Arts Council Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and transparency. Key strengths include a high percentage of independent board members and a solid program expense ratio, with nearly 87% of expenses going directly to its programs. This suggests the organization is effectively utilizing funds to support its mission.
However, the organization has notable weaknesses, such as the absence of a whistleblower policy and missing documentation for document retention and destruction. Additionally, the council did not post its Tax Form on its website as required, which may hinder transparency for potential donors and stakeholders. Addressing these gaps could strengthen the organization's overall standing.
In summary, while the Lake Wales Arts Council Inc demonstrates responsible financial management and independence, improvements in governance practices and public documentation could enhance its credibility and performance ratings in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Wales Arts Council Inc legitimate?
Lake Wales Arts Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Wales 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: $16,422
Professional Fundraising Fees: $0
Other Salaries and Wages: $53,059
For more financial information, click here
Official website here: www.lakewalesartscouncil.org
What is the mission statement of Lake Wales Arts Council Inc?
The Lake Wales Arts Council Inc is dedicated to promoting the visual and performing arts. Their mission is to foster and showcase these art forms, serving as a catalyst for cultural growth and appreciation within their community. One of their key activities is organizing an annual art show, which attracts approximately 80 artists and draws around 3,000 to 4,000 attendees. Their goal is to contribute to the artistic enrichment of their community and provide a platform for local and visiting artists to showcase their talent.
Official website here: www.lakewalesartscouncil.org
Who is the CEO of Lake Wales Arts Council Inc?
Tommy Frank is the Executive Di of Lake Wales Arts Council Inc.
Official website here: www.lakewalesartscouncil.org
What is the revenue of Lake Wales Arts Council Inc?
Lake Wales Arts Council Inc's revenue in 2022 was $466,226.
Official website here: www.lakewalesartscouncil.org
Who are the executives of Lake Wales Arts Council Inc and what are their salaries?
The average compensation at Lake Wales Arts Council Inc during 2022 was $23,160. There are 3 employees and 29 volunteers at Lake Wales Arts Council Inc.
Here are 7 key members and their salaries:
- Compensation: $16,421
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lakewalesartscouncil.org
Where can I find the form 990 for Lake Wales Arts Council Inc?
Lake Wales Arts Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakewalesartscouncil.org
Learn more at the official website: www.lakewalesartscouncil.org
Mission Statement of Lake Wales Arts Council Inc
Lake Wales Arts Council Inc is dedicated to fostering the visual and performing arts in its community. This nonprofit organization works tirelessly to promote these art forms, serving as a catalyst for artistic expression and appreciation. By organizing events such as annual art shows, Lake Wales Arts Council Inc provides a platform for local artists to showcase their work, attracting an audience of around 3,000 to 4,000 people. This not only supports the artists but also encourages the community's appreciation for the arts. The council's mission is to enrich the cultural landscape of Lake Wales, Florida, by nurturing and celebrating the creative talents of its residents and visitors alike.
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Impact
July, 2024
Lake Wales Arts Council Inc plays a vital role in promoting the visual and performing arts in Lake Wales, Florida. One of their impactful activities includes organizing an annual art show, where around 80 artists have the opportunity to exhibit their work. This event attracts a significant attendance of approximately 3,000-4,000 people, providing a platform for artists to showcase their talents and for the community to engage with the arts. Through such initiatives, Lake Wales Arts Council Inc contributes to enhancing the cultural vibrancy and artistic diversity of Lake Wales.
This information is meant to be a general summary of Lake Wales 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 2022.
- Investment Income: $21,412
- Program Service Revenue: $93,430
- Gross Receipts: $481,294
Assets and Liabilities:
- Total Assets: $1,816,498
- Total Liabilities: $67,592
- Net Assets: $1,748,906
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKETS SALES
Revenue
$59,145
EDUCATION TUITION
Revenue
$27,254
FEES
Revenue
$7,031
Organization Details
Founding Year
1972
Phone
(863) 676-8426Principal Officer
Tommy Frank
Main Address
P O BOX 608, LAKE WALES, FL, 338590608
Website
www.lakewalesartscouncil.orgNTEE Category
Code: A26 - Arts
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