Overview
What is Lifetime Arts Inc?
Lifetime Arts Inc, a nonprofit organization situated in New Rochelle, New York, focuses on promoting creative aging by integrating professional arts programs into organizations serving older adults. The organization's purpose is to empower artists to enhance the creative potential of older adult learners, thereby fostering a culture of lifelong learning through the arts. With a team of 25 dedicated individuals, Lifetime Arts Inc provides ongoing technical assistance in designing and administering these instructional arts programs, ultimately enriching the lives of older adults.
Official website here: www.lifetimearts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Lifetime Arts Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its commitment to accountability and financial transparency. The organization achieved a high score of 92% in the Accountability & Finance category, demonstrating sound financial health and responsible governance practices. The rating is based entirely on this single beacon score, underscoring the nonprofit's strong management and effective use of its resources.
The organization boasts a fully independent board, with all 8 members meeting the criteria for independence. Its financial oversight is rigorous, including a dedicated Audit and Oversight Committee. Additionally, Lifetime Arts Inc has established strong policies for conflict of interest and whistleblower protections, indicating a commitment to ethical operations and transparency.
One notable strength is the program expense ratio, with 82.47% of its expenditures allocated directly to programs, which speaks to the organization’s focus on delivering its mission effectively. Furthermore, it has maintained a very low liability to asset ratio of 0.10%, indicating solid financial stability. Overall, Lifetime Arts Inc demonstrates strong governance and effective management of resources, contributing positively to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Lifetime Arts Inc legitimate?
Lifetime Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lifetime Arts 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: $131,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $714,974
For more financial information, click here
Official website here: www.lifetimearts.org
What is the mission statement of Lifetime Arts Inc?
Lifetime Arts Inc is dedicated to encouraging creative aging by advocating for the integration of professional arts programs in organizations serving older adults. Their mission also involves preparing artists to enhance the creative abilities of older adult learners. Furthermore, Lifetime Arts Inc aims to foster lifelong learning through the arts, providing both instructional art programs and ongoing technical assistance. In essence, the organization seeks to enrich the lives of older adults by fostering their artistic potential and promoting a culture of lifelong learning.
Official website here: www.lifetimearts.org
Who is the CEO of Lifetime Arts Inc?
Maura O'Malley is the Ceo/Executive Director of Lifetime Arts Inc. The CEO's salary of Lifetime Arts Inc is $131,800 and their total compensation is $131,800.
Official website here: www.lifetimearts.org
What is the revenue of Lifetime Arts Inc?
Lifetime Arts Inc's revenue in 2022 was $983,963.
Official website here: www.lifetimearts.org
Who are the executives of Lifetime Arts Inc and what are their salaries?
The average compensation at Lifetime Arts Inc during 2022 was $33,871. There are 25 employees at Lifetime Arts Inc.
Here are 6 key members and their salaries (Lifetime Arts Inc's CEO's salary is $131,800 and their total compensation is $131,800):
- Compensation: $131,800
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lifetimearts.org
Where can I find the form 990 for Lifetime Arts Inc?
Lifetime Arts Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lifetimearts.org
Learn more at the official website: www.lifetimearts.org
Mission Statement of Lifetime Arts Inc
Lifetime Arts Inc, a distinguished nonprofit organization, is committed to encouraging creative aging by taking a proactive approach. Their mission is twofold: firstly, they aim to integrate professional arts programs into organizations that serve older adults. Secondly, they strive to prepare artists to develop the creative capacity of older adult learners. By doing so, Lifetime Arts Inc fosters lifelong learning through the arts. This mission is designed to enrich the lives of older adults, providing them with opportunities to engage with the arts and continue their learning journey. The organization's role is to support artists in adapting their craft to cater to the unique needs and interests of this demographic, ultimately promoting the inclusion of arts in the everyday lives of older adults.
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Impact
October, 2024
Lifetime Arts Inc significantly impacts the lives of older adults by promoting creative aging through the integration of professional arts programs in organizations that serve this demographic. It actively prepares artists to work with older learners, enhancing their creative capacity and fostering an environment of lifelong learning through the arts. By designing and administering instructional art programs, alongside providing ongoing technical assistance, the organization ensures that older adults have meaningful opportunities for artistic engagement and expression. This not only enriches their lives but also strengthens community bonds, promotes mental well-being, and enhances the overall quality of life for seniors.
This information is meant to be a general summary of Lifetime Arts 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: $9,607
- Program Service Revenue: $256,389
- Gross Receipts: $1,487,482
Assets and Liabilities:
- Total Assets: $228,028
- Total Liabilities: $246
- Net Assets: $227,782
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES AND SERVICES
Revenue
$256,389
Organization Details
Founding Year
2008
Phone
(914) 355-2304Principal Officer
Maura O'Malley
Main Address
271 NORTH AVENUE 901, NEW ROCHELLE, NY, 10801
Website
www.lifetimearts.orgNTEE Category
Code: A20 - Arts
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