Overview
What is Verge Center For The Arts?
Verge Center for the Arts is a nonprofit organization situated in Sacramento, California, at 625 S Street. Their primary focus is to promote contemporary art within the Sacramento region, while simultaneously offering resources and support to local career and emerging artists. This is accomplished through various means. Firstly, they provide subsidized studios to 53 artists through their Resident Art Studio Program, offering not only affordable workspace but also the advantages of a Verge membership, regular artist salons, access to specialized art equipment, and discounts on Verge programs. Secondly, they operate as a platform to expose the public to internationally recognized contemporary art. To further their mission, Verge Center for the Arts also runs an art gallery producing high-caliber contemporary art programming, an artist residency program providing low-cost studio space to working artists, and offers art education and reference resources. With a team of 21 dedicated individuals, the organization is committed to nurturing and encouraging the growth of artists in California.
Official website here: www.vergeart.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66%, Two-Star out of Four Star rating.
Verge Center For The Arts holds a Two-Star rating from Charity Navigator, reflecting an overall score of 66%. The organization excels in governance, with 100% of its board members being independent, and it has strong policies in place, including a conflict of interest policy and a whistleblower policy. These aspects indicate a solid framework for accountability and transparency.
However, the organization faces significant challenges in its financial practices, particularly the lack of available financial statements, which severely impacted its Accountability & Finance score. Additionally, while the program expense ratio is favorable at 80.15%, the high liabilities to assets ratio at 83.58% suggests potential financial instability. These factors point to areas where Verge Center For The Arts may need to improve to enhance its overall rating and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Verge Center For The Arts legitimate?
Verge Center For The Arts is a legitimate nonprofit organization registered as a 501(c)(3) entity. Verge Center For The 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: $76,546
Professional Fundraising Fees: $0
Other Salaries and Wages: $286,452
For more financial information, click here
Official website here: www.vergeart.com
What is the mission statement of Verge Center For The Arts?
The Verge Center for the Arts aims to foster and encourage the growth of art and artists, with a particular focus on contemporary art and artists in California. They achieve this by supporting various initiatives, such as artist residency programs, educational programs, providing resources related to funding and exhibition opportunities for artists, and engaging in other charitable activities linked to their mission. One of their key strategies is operating an art gallery that showcases high-caliber contemporary art programming for the local community. Additionally, they run an artist residency program offering affordable studio space for working artists. Furthermore, the organization utilizes its facilities to provide art education and reference resources, including a community print lab.
Official website here: www.vergeart.com
What is the revenue of Verge Center For The Arts?
Verge Center For The Arts's revenue in 2023 was $892,750.
Official website here: www.vergeart.com
Who are the executives of Verge Center For The Arts and what are their salaries?
The average compensation at Verge Center For The Arts during 2023 was $15,125. There are 24 employees and 16 volunteers at Verge Center For The Arts.
Here are 23 key members and their salaries:
- 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
- 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
- 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
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $73,169
- Related: $0
- Other: $3,377
Official website here: www.vergeart.com
Where can I find the form 990 for Verge Center For The Arts?
Verge Center For The Arts's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.vergeart.com
Learn more at the official website: www.vergeart.com
Mission Statement of Verge Center For The Arts
Verge Center for the Arts is committed to showcasing internationally recognized contemporary art to the Sacramento region, while simultaneously offering resources to local career and emerging artists. This nonprofit organization's mission extends beyond supporting and encouraging the development of art and artists in California. It encompasses various initiatives such as artist residency programs, educational programs, and providing resources to artists regarding funding and exhibition opportunities.
By establishing and operating an art gallery, Verge Center for the Arts offers high-caliber contemporary art programming for the Sacramento region within its facilities. This is in line with its goal of promoting contemporary art and artists in California. Furthermore, the organization runs an artist residency program that offers low and no-cost studio space to working artists. This program provides a valuable opportunity for artists to create and develop their work in a supportive environment. Lastly, Verge Center for the Arts utilizes its facilities to offer art education and reference resources, including a community print lab, which is instrumental in fostering the growth and development of local artists.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Verge Center For The Arts in Sacramento, CA, is making a significant impact by exposing the region to internationally recognized contemporary art and supporting local career and emerging artists. Through its subsidized studios for 53 artists in its resident art studio program, Verge is providing valuable resources and mentorship to artists. Artists in the program not only have access to low-cost workspace but also benefit from a Verge membership, monthly artist salons, specialized art equipment like the printmaking facility, and discounts on Verge programs.
This hands-on support for artists is helping to foster a vibrant arts community in California by nurturing talent, providing educational programs, and connecting artists with funding and exhibition opportunities. By establishing an art gallery that produces high-caliber contemporary art programming, operating an artist residency program that offers affordable studio space, and providing art education and reference resources like a community print lab, Verge Center For The Arts is playing a key role in supporting and encouraging the development of art and artists in the region.
This information is meant to be a general summary of Verge Center For The 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 2023.
- Investment Income: $596
- Program Service Revenue: $317,239
- Gross Receipts: $991,363
Assets and Liabilities:
- Total Assets: $1,867,154
- Total Liabilities: $1,634,317
- Net Assets: $232,837
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION SERVICES
Revenue
$141,386
STUDIO TOURS INCOME
Revenue
$92,432
STUDIO/GALLERY RENT
Revenue
$73,535
PROGRAM RENTAL
Revenue
$9,886
Organization Details
If you are a representative of Verge Center For The Arts and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.