Overview
What is Artisan's Asylum Inc?
Artisan's Asylum Inc, located in Boston, Massachusetts, is a thriving nonprofit community workshop dedicated to fostering the teaching, learning, and practice of fabrication. They provide shared tools and equipment across various disciplines such as electronics, robotics, woodworking, jewelry, metalsmithing, welding, precision machinery, rapid prototyping, digital fabrication, fiber arts, screen printing, and more. The organization offers a wide range of affordable, publicly accessible classes led by local artisans, either focusing on creating a finished product or providing general training in specific tools. Artisan's Asylum also offers memberships with weekend and after-hours facility access, as well as equipment rentals for those interested in utilizing design and fabrication tools without investing in costly capital equipment and long-term leases. Members can also avail of on-site material and project storage, allowing them to focus on creating and storing projects without dealing with logistical hassles. The organization also hosts and promotes related events to encourage fabrication communities, sharing spaces and fostering a vibrant culture. With a team of 22 dedicated individuals, Artisan's Asylum serves as an essential hub for creativity and innovation in Boston.
Official website here: www.artisansasylum.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three Stars
Artisan's Asylum Inc has received an overall score of 81%, which translates to a Three-Star out of Four Star rating. This score is based entirely on Accountability & Finance metrics, indicating a strong focus on financial health and transparency. The charity excels in several areas, including having a completely independent board and stringent financial oversight measures, which enhances its credibility.
The organization demonstrates solid financial practices with a program expense ratio of 80.93%, meaning that a significant portion of its funds is directed towards its mission-driven programs. Additionally, it has strong policies in place for conflict of interest, whistleblower protections, and document retention, ensuring ethical governance and operational integrity.
However, the charity faces a limitation in its liabilities to assets ratio, which stands at 105.64%. This indicates that the organization's liabilities exceed its assets, which could raise concerns about its financial stability. Overall, while Artisan's Asylum Inc shows strong accountability practices, potential donors should consider the implications of its financial structure.
This AI summary has been generated from information found on Charity Navigator.
Is Artisan's Asylum Inc legitimate?
Artisan's Asylum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Artisan's Asylum 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $298,359
For more financial information, click here
Official website here: www.artisansasylum.com
What is the mission statement of Artisan's Asylum Inc?
Artisan's Asylum Inc's mission is centered around supporting and promoting the teaching, learning, and practice of fabrication. They aim to achieve this by providing shared fabrication tools and equipment across various disciplines, such as electronics, robotics, woodworking, and more. The organization offers a wide range of affordable, publicly accessible classes taught by local artisans, focusing on either creating a final product or providing general training for specific tools. Artisan's Asylum also offers monthly memberships with weekend and after-hours access to the facility, as well as equipment rentals for members. They provide on-site material and project storage, allowing members to create and store projects without logistical hassles. Furthermore, they host and promote related events to foster fabrication communities and share spaces and cultures.
Official website here: www.artisansasylum.com
What is the revenue of Artisan's Asylum Inc?
Artisan's Asylum Inc's revenue in 2024 was $2,022,690.
Official website here: www.artisansasylum.com
Who are the executives of Artisan's Asylum Inc and what are their salaries?
The average compensation at Artisan's Asylum Inc during 2024 was $11,934. There are 25 employees and 45 volunteers at Artisan's Asylum Inc.
Here are 10 key members and their salaries:
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Official website here: www.artisansasylum.com
Where can I find the form 990 for Artisan's Asylum Inc?
Artisan's Asylum Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.artisansasylum.com
Learn more at the official website: www.artisansasylum.com
Mission Statement of Artisan's Asylum Inc
Artisan's Asylum Inc, a non-profit community workshop, is committed to supporting and promoting the teaching, learning, and practice of fabrication. The organization's mission is multifaceted, aimed at providing a conducive environment for individuals to explore various fabrication techniques.
To accomplish this mission, Artisan's Asylum offers a wide array of shared tools and equipment across various disciplines, including electronics, robotics, woodworking, jewelry and metalsmithing, welding, precision machinery, rapid prototyping, digital fabrication, fiber arts, screen printing, and more. This diverse range of tools and equipment caters to a broad spectrum of creative interests, fostering a vibrant and inclusive fabrication community.
Beyond the provision of tools and equipment, Artisan's Asylum also offers a series of affordable, publicly accessible classes. These classes, led by local artisans, focus on either creating a final product for students to take home or providing general training in specific tools. This learning-by-doing approach encourages individuals to hone their skills and develop their creativity, while also offering the opportunity to engage with like-minded individuals.
In addition, Artisan's Asylum offers affordable monthly memberships that provide members with access to the facility outside of typical working hours. This extended access allows members to utilize the tools and equipment at their convenience, making it easier to pursue their fabrication projects without strict time constraints. Furthermore, the organization offers space and equipment rentals to monthly members interested in having long-term access to design and fabrication equipment without the associated capital investment and long-term lease commitments.
By providing these resources and opportunities, Artisan's Asylum supports and promotes the teaching, learning, and practice of fabrication, encouraging creativity, innovation, and education in the field.
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Impact
October, 2024
Artisan's Asylum Inc has a significant impact on the Boston community by fostering creativity and innovation through fabrication. By providing access to shared tools and equipment across various disciplines—such as electronics, robotics, woodworking, and metalworking—it empowers individuals to explore their interests and develop new skills.
The organization offers a diverse range of affordable classes taught by local artisans, enabling community members to create tangible projects while gaining expertise in specific techniques and tools. This not only enhances personal growth but also encourages artistic expression and craftsmanship, enriching the local cultural landscape.
Additionally, Artisan's Asylum supports collaborative projects and networking among its members, helping to build a vibrant community of makers and innovators. The availability of space and equipment rentals allows individuals to pursue their ideas without the financial burden of purchasing expensive tools or renting long-term facilities.
Through regular events and opportunities for project storage, Artisan's Asylum nurtures a culture of shared creativity, ultimately contributing to the growth of a strong fabrication community and promoting lifelong learning among its members. This impact extends beyond individual skill development, fostering a collaborative spirit that enhances both personal and community development in Boston.
This information is meant to be a general summary of Artisan's Asylum 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 2024.
- Investment Income: $13
- Program Service Revenue: $1,595,836
- Gross Receipts: $2,039,105
Assets and Liabilities:
- Total Assets: $1,739,251
- Total Liabilities: $1,591,328
- Net Assets: $147,923
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL FEE INCOME
Revenue
$811,528
MEMBERSHIPS
Revenue
$426,346
CLASSES
Revenue
$357,962
Organization Details
Founding Year
2010
Principal Officer
Elizabeth Masek
Website
www.artisansasylum.comNTEE Category
Code: P20 - Human services
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