Overview
What is Facets Multi-Media Incorporated?
Facets Multi-Media Incorporated, based in Chicago, Illinois, is a nonprofit organization that primarily focuses on promoting the art of cinema. They accomplish this through various means, including conducting informative seminars, distributing, and publishing films and videos. Their activities extend beyond just distribution, as they also offer theatrical training through camps and workshops. With a team of 24 dedicated individuals, Facets Multi-Media Incorporated is committed to enriching the cinematic experience for their audience.
Official website here: www.facets.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
Facets Multi-Media Incorporated has received a two-star rating from Charity Navigator, indicating a moderately positive standing in terms of accountability and transparency. The organization boasts a strong commitment to governance, with 88% of its board members being independent and a complete score for its audit and oversight committee. Additionally, it has established necessary policies such as conflict of interest and whistleblower protection, which are crucial for maintaining ethical operations.
Despite these strengths, the nonprofit faces challenges in its financial management, particularly indicated by a high liabilities to assets ratio of 93.82%. This suggests potential concerns about financial sustainability and the ability to meet obligations. Furthermore, while the program expense ratio stands at 61.76%, it may imply that a significant portion of funding is not directly supporting its programs, which could affect overall effectiveness.
Overall, Facets Multi-Media Incorporated demonstrates a solid governance framework, yet it must address its financial health to enhance its performance and reliability in fulfilling its mission. The organization's strengths in board independence and transparency are commendable, but financial ratios indicate a need for improvement in resource allocation and long-term viability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Facets Multi-Media Incorporated?
90% of 382 reviewers on Facebook recommend Facets Multi-Media Incorporated. Here is a summary of their reviews:
Many parents express satisfaction with the experiences their children have had at the organization. One parent noted that their daughter had a "fun experience" during her week there, highlighting the enjoyable activities offered. Overall, the sentiment is decidedly positive, with a clear indication that children find value and joy in participating in programs provided by Facets Multi-Media.
The positive word-of-mouth suggests that the nonprofit is succeeding in creating memorable experiences for young participants, which resonates well with families.
This AI summary has been generated from reviews found on Facebook.
Is Facets Multi-Media Incorporated legitimate?
Facets Multi-Media Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Facets Multi-Media Incorporated 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: $110,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $316,664
For more financial information, click here
Official website here: www.facets.org
What is the mission statement of Facets Multi-Media Incorporated?
Facets Multi-Media Incorporated's mission revolves around enriching the realm of cinema. By distributing and publishing films, the organization aims to elevate the artistic aspect of cinema. In addition to this, they conduct seminars and offer theatrical training through workshops and camps, thereby contributing to the development of cinema enthusiasts. The organization's activities are primarily focused on promoting and fostering the art of cinema.
Official website here: www.facets.org
Who is the CEO of Facets Multi-Media Incorporated?
Karen Cardarelli is the Executive Director/President of Facets Multi-Media Incorporated.
Official website here: www.facets.org
What is the revenue of Facets Multi-Media Incorporated?
Facets Multi-Media Incorporated's revenue in 2022 was $1,235,422.
Official website here: www.facets.org
Who are the executives of Facets Multi-Media Incorporated and what are their salaries?
The average compensation at Facets Multi-Media Incorporated during 2022 was $17,778. There are 24 employees and 40 volunteers at Facets Multi-Media Incorporated.
Here are 18 key members and their salaries:
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Official website here: www.facets.org
Where can I find the form 990 for Facets Multi-Media Incorporated?
Facets Multi-Media Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.facets.org
Learn more at the official website: www.facets.org
Mission Statement of Facets Multi-Media Incorporated
Facets Multi-Media Incorporated, as an organization, is dedicated to elevating the art of cinema. It achieves this mission by distributing and publishing films, serving as a platform for various narratives and perspectives. Beyond this, the organization conducts educational seminars and workshops, offering theatrical training to individuals interested in the field. These programs range from camps to workshops, providing a comprehensive learning experience for aspiring filmmakers and cinema enthusiasts. The objective of Facets Multi-Media Incorporated is to foster growth and innovation in the realm of cinema, thereby enriching the cultural landscape for all.
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Impact
October, 2024
Facets Multi-Media Incorporated significantly impacts the landscape of cinema and film education. By distributing and publishing a diverse range of films, the organization enhances the art of cinema, making unique and culturally significant works accessible to a broader audience.
Facets conducts seminars that foster a deeper understanding of film as an art form, encouraging discussions that enhance appreciation and critical analysis among attendees. Their theatrical training programs, which include camps and workshops, nurture budding filmmakers and actors, providing essential skills and fostering creativity in the arts community.
Based in Chicago, Facets plays a crucial role in the local arts scene while also contributing to the national dialogue on independent and international cinema. Through its multifaceted approach, the organization cultivates an enriching environment that supports both the appreciation and production of innovative film, ultimately elevating the overall cultural fabric of the community.
This information is meant to be a general summary of Facets Multi-Media Incorporated. 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: $175
- Program Service Revenue: $588,513
- Gross Receipts: $1,286,267
Assets and Liabilities:
- Total Assets: $719,726
- Total Liabilities: $603,505
- Net Assets: $116,221
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Box Office
Revenue
$59,873
Youth Programs
Revenue
$172,749
Other Revenue
Revenue
$350,908
Employee Retention Credit
Revenue
$4,983
Organization Details
Founding Year
1975
Phone
(773) 281-9075Principal Officer
Karen Cardarelli
Main Address
1517 West Fullerton Avenue, Chicago, IL, 60614
Website
www.facets.orgNTEE Category
Code: A310 - Arts
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