Overview
What is Art Culture And Entertainment Inc?
Art Culture and Entertainment Inc, based in Pensacola, Florida, serves as a distributor of grants to qualified organizations that promote art, culture, and entertainment programs and activities within Escambia County. The nonprofit receives funding from various sources, including state, county, city, and personal donations, and distributes these funds equitably through a granting process. By doing so, Art Culture and Entertainment Inc supports a diverse range of arts, culture, and entertainment organizations, enriching the local community and providing opportunities for public engagement in these fields.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Art Culture And Entertainment Inc has received an 82% rating from Charity Navigator, indicating a solid performance in accountability and finance. This three-star rating reflects the organization’s commitment to transparency and effective financial management, showcasing that it operates with a majority independent board and has a strong audit and oversight committee.
The organization stands out with a program expense ratio of 99.23%, suggesting that almost all its funds are directed towards its mission-related activities. Additionally, the absence of material diversions of assets and a favorable liabilities to assets ratio of 3.87% further demonstrate the charity's prudent financial practices.
While the rating is commendable, it is important for potential donors and stakeholders to remain informed about ongoing operations and any future developments. Overall, Art Culture And Entertainment Inc appears to maintain a strong financial footing and governance structure, which bodes well for its effectiveness in achieving its cultural and artistic goals.
This AI summary has been generated from information found on Charity Navigator.
Is Art Culture And Entertainment Inc legitimate?
Art Culture And Entertainment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Art Culture And Entertainment 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.
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What is the mission statement of Art Culture And Entertainment Inc?
Art Culture and Entertainment Inc's mission is centered around distributing funds equitably to various arts, culture, and entertainment organizations. This is done through a granting process, utilizing funds from both public and private sources. The primary objective is to support these organizations, enabling them to offer art and culture programs and activities for the general public. The organization plays a crucial role in fostering a vibrant and culturally enriched community. It ensures that qualified organizations in Escambia County, Florida, have the necessary resources to deliver impactful art and culture experiences.
Who is the CEO of Art Culture And Entertainment Inc?
Matt Davis is the President of Art Culture And Entertainment Inc.
What is the revenue of Art Culture And Entertainment Inc?
Art Culture And Entertainment Inc's revenue in 2022 was $1,390,631.
Who are the executives of Art Culture And Entertainment Inc and what are their salaries?
Here are 17 key members and their salaries:
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Where can I find the form 990 for Art Culture And Entertainment Inc?
Art Culture And Entertainment Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Art Culture And Entertainment Inc
Art Culture and Entertainment Inc, a nonprofit organization, receives funds from various sources including state, county, city, and personal donations. Its mission is to distribute these funds equitably through a granting process to arts, culture, and entertainment organizations operating within Escambia County, Florida. This nonprofit plays a crucial role in supporting qualified organizations that provide art and culture programs and activities for the general public in the area. By disbursing these grants, Art Culture and Entertainment Inc contributes to the enrichment of the local community, fostering a vibrant and diverse cultural landscape.
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Impact
October, 2024
Art Culture And Entertainment Inc significantly influences the arts landscape in Escambia County, FL, by providing vital funding to local organizations dedicated to enriching the community with artistic programs and cultural activities. By receiving and responsibly managing financial resources from various levels of government and private donors, the organization ensures that grants are distributed equitably among qualified entities, promoting a diverse array of artistic expressions and cultural events.
This impact fosters a vibrant community where residents can engage with the arts, enhancing both cultural awareness and appreciation. Through its support, Art Culture And Entertainment Inc not only sustains existing programs but also encourages new initiatives that contribute to the county's creative economy. Moreover, the organization plays a crucial role in ensuring that the arts remain accessible to the general public, enriching lives and strengthening community bonds throughout Pensacola and beyond.
This information is meant to be a general summary of Art Culture And Entertainment 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: $2
- Gross Receipts: $1,390,631
Assets and Liabilities:
- Total Assets: $43,453
- Total Liabilities: $1,685
- Net Assets: $41,768
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Organization Details
Founding Year
2009
Phone
(850) 293-4822Principal Officer
Matt Davis
Main Address
730 BAYFRONT PARKWAY SUITE 3A, PENSACOLA, FL, 32502
NTEE Category
Code: A122 - Arts
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