Overview
What is Wedgwood Circle Institute?
The Wedgwood Circle Institute is a nonprofit organization based in Vienna, Virginia, with a team of two dedicated individuals. Its mission is to empower its members to invest in culture for the common good. The organization achieves this by connecting its members, who are patrons and investors, with creatives, such as artists and industry executives. The Wedgwood Circle hosts events, both virtual and in-person, aimed at fostering investment and patronage in artists creating content that is beneficial to society. In 2022, they organized two virtual events and four in-person events, focusing on various art forms like comedy, theatre, and music. These events serve as platforms for members to engage with creatives and support their work, promoting the creation of good, true, and beautiful art for the common good.
Official website here: www.wedgwoodcircle.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%
The Wedgwood Circle Institute has received a Three-Star out of Four Star rating from Charity Navigator, indicating a solid performance in accountability and financial health. The organization scored 77% overall, which reflects its commitment to transparent operational practices and effective management of resources.
One of the standout features of the Institute is its majority independent board, with 83% of members being independent, which is critical for maintaining objectivity in governance. Additionally, the organization demonstrates robust financial health with a program expense ratio of 88.26%, suggesting that a significant portion of its funds is directed towards its mission-related programs rather than administrative costs.
However, while the rating is positive, it highlights the importance of continued vigilance in maintaining high standards of accountability and transparency. The organization has no material diversion of assets and adheres to best practices with policies regarding conflicts of interest and whistleblower protections, but ongoing engagement with stakeholders and financial prudence will be key to sustaining its performance.
This AI summary has been generated from information found on Charity Navigator.
Is Wedgwood Circle Institute legitimate?
Wedgwood Circle Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wedgwood Circle Institute 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: $132,568
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.wedgwoodcircle.com
What is the mission statement of Wedgwood Circle Institute?
The Wedgwood Circle Institute's mission is centered around empowering its members to contribute positively to culture. This organization serves as a platform that connects patrons and investors with creative artists and industry executives. Their primary goal is to foster the creation of art and entertainment that embodies goodness, truth, and beauty. The institute aims to develop a more discerning community within the arts and entertainment industry, acting as both creators and consumers. They strive to enhance the effectiveness of their members in investing in and supporting artistic endeavors.
Official website here: www.wedgwoodcircle.com
Who is the CEO of Wedgwood Circle Institute?
Terence Berry is the Vice Chairman of Wedgwood Circle Institute.
Official website here: www.wedgwoodcircle.com
What is the revenue of Wedgwood Circle Institute?
Wedgwood Circle Institute's revenue in 2022 was $931,956.
Official website here: www.wedgwoodcircle.com
Who are the executives of Wedgwood Circle Institute and what are their salaries?
The average compensation at Wedgwood Circle Institute during 2022 was $66,284. There are 2 employees and 15 volunteers at Wedgwood Circle Institute.
Here are 14 key members and their salaries:
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- Compensation: $37,500
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- Compensation: $85,000
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Official website here: www.wedgwoodcircle.com
Where can I find the form 990 for Wedgwood Circle Institute?
Wedgwood Circle Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wedgwoodcircle.com
Learn more at the official website: www.wedgwoodcircle.com
Mission Statement of Wedgwood Circle Institute
Wedgwood Circle, an organization dedicated to its mission, aims to empower its members to invest in culture for the betterment of society. It serves as a bridge connecting its members, who include patrons and investors, with creatives such as artists and industry executives. Through this network, Wedgwood Circle encourages the creation of art and entertainment that embodies goodness, truth, and beauty in every aspect. In simpler terms, this institution helps its community become more discerning and effective in their roles as creators, consumers, investors, and patrons of the arts and entertainment industry.
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Impact
October, 2024
The Wedgwood Circle Institute empowers individuals to invest in culture for the common good. In 2022, it hosted a series of events aimed at fostering patronage and investment in artists who create content reflecting values of goodness, truth, and beauty.
These included two virtual events and four in-person gatherings. The virtual Sector Spotlight focused on comedy in March and theatre in June, facilitating discussions about the respective art forms. The Wedgwood Investor Summit, held in April in Stanford, KY, brought together patrons and investors to explore the nuances of supporting the arts. The GoodLit Writers Retreat in August offered a space for writers to develop their craft, while a co-hosted concert with ArtHouse Dallas in September showcased creative talent. Finally, the Annual Event in November in Nashville, TN served as a capstone, celebrating the community and its commitment to enriching the artistic landscape.
Through these initiatives, the Wedgwood Circle Institute not only nurtures connections between patrons and creatives but also cultivates a community that values and supports meaningful artistic expression. Its mission significantly contributes to enhancing the richness of the culture we share.
This information is meant to be a general summary of Wedgwood Circle Institute. 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.
- Gross Receipts: $931,956
Assets and Liabilities:
- Total Assets: $360,933
- Total Liabilities: $0
- Net Assets: $360,933
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Organization Details
Founding Year
2009
Phone
(703) 425-7390Principal Officer
Terence Berry
Main Address
109 CENTER STREET NORTH 102, VIENNA, VA, 22180
Website
www.wedgwoodcircle.comNTEE Category
Code: T11 - Philanthropy
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