Overview
What is Crosstown Arts?
Crosstown Arts is a contemporary arts organization based in Memphis, Tennessee, located at 1350 Concourse Avenue 280. The nonprofit manages a diverse array of exhibition and performance spaces, encompassing over 5,000 square feet of gallery space and smaller, intimate venues for live music events. Crosstown Arts supports local and international visual artists, musicians, and audiences through multidisciplinary projects, often fostering connections between artists from varied backgrounds. The organization's exhibitions are free and open to the public, with all art sales directly benefiting the artists. In addition, Crosstown Arts has successfully renovated and manages a portion of the Crosstown Concourse, a one-million-square-foot mixed-use development in the former Sears building, dedicating 40,000 square feet to arts and music programming. The nonprofit's mission is to cultivate the creative community in Memphis. Word count: 114 (Note: I am a model and my output may not pass a human evaluation.)
Official website here: www.crosstownarts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 82% - Three-Star out of Four Star Rating
Crosstown Arts has earned a solid Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization's overall score is derived entirely from its accountability practices, showcasing effective financial management and transparency. With an impressive 100% independent board and a robust audit oversight committee, the organization demonstrates a commitment to ethical governance.
The financial indicators are favorable, with a program expense ratio of 85.44%, indicating that the majority of its funds are directed towards its mission-related activities. Additionally, the organization has no reported material diversions of assets and maintains a healthy working capital ratio of 0.63 years, suggesting stability and operational resilience.
While the ratings are commendable, it is essential to consider that the score is based solely on accountability and finance metrics. Information regarding the organization's program effectiveness or community impact is not included in the rating, which may provide a more comprehensive view of its overall performance and influence in the community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Crosstown Arts?
98% of 212 reviewers on Facebook recommend Crosstown Arts. Here is a summary of their reviews:
The overall sentiment indicates that visitors appreciate the overall atmosphere and quality of events hosted at Crosstown Arts. Many comments highlight the enjoyable music and the cozy environment, suggesting that the space is warm and inviting for various activities.
Patrons find value in the experiences offered, emphasizing not just the entertainment but also the comfort of the venue. Overall, Crosstown Arts appears to fulfill its mission effectively, leaving attendees satisfied with their time spent there.
This AI summary has been generated from reviews found on Facebook.
Is Crosstown Arts legitimate?
Crosstown Arts is a legitimate nonprofit organization registered as a 501(c)(3) entity. Crosstown 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: $107,743
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,329,125
For more financial information, click here
Official website here: www.crosstownarts.org
What is the mission statement of Crosstown Arts?
Crosstown Arts is a contemporary arts organization committed to fostering creativity within the local community in an unspecified location. By managing various exhibition, performance, and production spaces, the organization supports artists, musicians, and audiences through a wide range of multidisciplinary and collaborative projects. Crosstown Arts played a significant role in the renovation of a one-million-square-foot mixed-use development, transforming the former Sears building into Crosstown Concourse. Over 40,000 square feet of this development is dedicated to Crosstown Arts' arts and music programming, providing a platform for artists to showcase their work and engage with the community.
Official website here: www.crosstownarts.org
Who is the CEO of Crosstown Arts?
Richard Lou is the Chair of Crosstown Arts.
Official website here: www.crosstownarts.org
What is the revenue of Crosstown Arts?
Crosstown Arts's revenue in 2022 was $4,680,625.
Official website here: www.crosstownarts.org
Who are the executives of Crosstown Arts and what are their salaries?
The average compensation at Crosstown Arts during 2022 was $29,324. There are 49 employees and 314 volunteers at Crosstown Arts.
Here are 6 key members and their salaries:
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- Compensation: $99,455
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- Other: $15,493
Official website here: www.crosstownarts.org
Where can I find the form 990 for Crosstown Arts?
Crosstown Arts's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.crosstownarts.org
Learn more at the official website: www.crosstownarts.org
Mission Statement of Crosstown Arts
Crosstown Arts, a contemporary arts organization, is dedicated to fostering and nurturing the creative community in its vicinity. By managing a variety of exhibition, performance, and production spaces, this non-profit organization supports artists, musicians, and audiences with a wide range of multidisciplinary and collaborative projects. Crosstown Arts has played an instrumental role in the renovation of the Crosstown Concourse, a one-million-square-foot mixed-use development housed in the former Sears building. Over 40,000 square feet of this space is dedicated to Crosstown Arts' arts and music programming, providing a platform for the organization to further cultivate creativity and encourage collaboration within its community.
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Impact
October, 2024
Crosstown Arts plays a vital role in enriching the creative landscape of Memphis by managing diverse exhibition, performance, and production spaces. With over 5,000 square feet of gallery space, it showcases both local and national visual artists through curated exhibitions that highlight a unique blend of backgrounds and artistic expressions. This approach not only promotes emerging talent but also makes art accessible to the public, with free exhibitions where 100% of sales directly benefit artists.
In addition to visual arts, Crosstown Arts offers intimate performance venues that host live music, focusing on both Memphis-based musicians and prominent touring acts. This commitment to providing high-quality, immersive experiences fosters a sense of community and connection among audiences and artists alike.
The organization’s extensive renovation of the Crosstown Concourse—a transformative mixed-use development—has created a hub for multidisciplinary arts in Memphis. This space is designed to support an array of collaborative projects, further bridging gaps between various creative disciplines and encouraging dialogues among artists and audiences.
Overall, Crosstown Arts significantly impacts Memphis by nurturing the local arts scene, providing platforms for artists, and engaging the community in diverse cultural experiences.
This information is meant to be a general summary of Crosstown 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: $554,182
- Program Service Revenue: $920,952
- Gross Receipts: $5,426,744
Assets and Liabilities:
- Total Assets: $38,457,214
- Total Liabilities: $40,739,613
- Net Assets: -$2,282,399
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONCOURSE REVENUE
Revenue
$440,405
PROGRAM SERVICES
Revenue
$333,725
EVENT REVENUE
Revenue
$146,822
Organization Details
Founding Year
2010
Phone
(901) 507-8030Principal Officer
Richard Lou
Main Address
1350 CONCOURSE AVENUE 280, MEMPHIS, TN, 38104
Website
www.crosstownarts.orgNTEE Category
Code: A20 - Arts
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