Overview
What is Exchange Arts?
Exchange Arts, based in Bloomsburg, Pennsylvania, is a dedicated nonprofit organization that provides a platform for local artists to showcase and sell their work. By collaborating with other local non-profit organizations, Exchange Arts fosters creativity, encourages education, and enriches the downtown area and broader community. Their mission extends beyond art, aiming to bring artistic experiences to various communities within their region. Throughout the year, they organize events such as the Blues Festival and host downtown art exhibits, contributing to the cultural vibrancy of Bloomsburg, Pennsylvania. With a team of just two individuals, Exchange Arts remains committed to promoting and nurturing the arts in their community.
Official website here: www.exchangearts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Exchange Arts has achieved an impressive 97% rating from Charity Navigator, reflecting strong accountability and financial management. The organization's score is derived entirely from its accountability and finance metrics, indicating a high level of transparency and responsible governance practices. Notably, Exchange Arts boasts a fully independent board with 10 out of 10 members, which is a significant strength that enhances its credibility.
The organization maintains rigorous policies, including a comprehensive conflict of interest policy and a whistleblower policy, both of which are essential for ethical operations. Additionally, Exchange Arts demonstrates excellent financial health, with a low liabilities to assets ratio of 0.40% and a program expense ratio of 77.88%, ensuring that a substantial portion of its funding is directed toward its mission-related activities.
No significant limitations were reported in the data, suggesting that Exchange Arts is well-structured and effectively manages its resources. Overall, the high rating reflects the nonprofit's commitment to transparency, effective governance, and its ability to deliver on its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Exchange Arts legitimate?
Exchange Arts is a legitimate nonprofit organization registered as a 501(c)(3) entity. Exchange Arts 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: $49,033
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,905
For more financial information, click here
Official website here: www.exchangearts.org
What is the mission statement of Exchange Arts?
Exchange Arts, as an organization, is committed to making the arts accessible to all communities within their region. Their mission is to provide a platform for local artists to exhibit and sell their work, while also collaborating with other non-profit organizations to promote creativity, education, and the enrichment of the community. Exchange Arts organizes events such as a Blues Festival and hosts downtown art exhibits at various times throughout the year, aiming to support and encourage the arts in the broader community.
Official website here: www.exchangearts.org
Who is the CEO of Exchange Arts?
Oren Helbok is the President of Exchange Arts.
Official website here: www.exchangearts.org
What is the revenue of Exchange Arts?
Exchange Arts's revenue in 2022 was $81,305.
Official website here: www.exchangearts.org
Who are the executives of Exchange Arts and what are their salaries?
The average compensation at Exchange Arts during 2022 was $25,969. There are 2 employees and 17 volunteers at Exchange Arts.
Here are 12 key members and their salaries:
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- Compensation: $47,766
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- Other: $1,267
Official website here: www.exchangearts.org
Where can I find the form 990 for Exchange Arts?
Exchange Arts's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.exchangearts.org
Learn more at the official website: www.exchangearts.org
Mission Statement of Exchange Arts
Exchange Arts, as an organization, is committed to bringing the arts to various communities within their region. They strive to accomplish this mission by providing a platform for local artists to showcase and sell their work. Exchange Arts also collaborates with other local non-profit organizations to foster creativity, encourage education, and enrich the downtown area of Bloomsburg, PA, and the wider community. Furthermore, Exchange Arts organizes events such as the Blues Festival and regular downtown art exhibits to celebrate and promote the arts throughout the year.
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Impact
October, 2024
Exchange Arts significantly enriches the cultural landscape of Bloomsburg, PA, and the surrounding areas by providing vital space for local artists to showcase and sell their work. This dynamic organization fosters creativity and promotes education in the arts, enhancing community engagement through various initiatives. By collaborating with other local organizations, Exchange Arts helps to cultivate a vibrant artistic community, making the arts accessible to all.
The organized events, such as the popular blues festival and a series of downtown art exhibitions, create opportunities for artists and audiences alike, promoting not only artistic expression but also economic vitality in the region. Through these efforts, Exchange Arts contributes to the overall enhancement of the community, making it a cultural hub that celebrates creativity and supports the local economy.
This information is meant to be a general summary of Exchange Arts. 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: $28,612
- Program Service Revenue: $7,553
- Gross Receipts: $81,305
Assets and Liabilities:
- Total Assets: $768,076
- Total Liabilities: $10,298
- Net Assets: $757,778
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUES
Revenue
$7,553
Organization Details
Founding Year
2009
Phone
(570) 317-2596Principal Officer
Oren Helbok
Main Address
24 EAST MAIN STREET, BLOOMSBURG, PA, 178151606
Website
www.exchangearts.orgNTEE Category
Code: A80 - Arts
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