Overview
What is Colab Arts Inc?
Colab Arts Inc, based in New Brunswick, New Jersey, is a vibrant nonprofit organization that stimulates community-driven art projects. Their initiatives transcend traditional art spaces, taking place in various settings such as community rooms, houses of worship, schools, and even backyards. With a strong work ethic and a touch of mischief, Colab Arts encourages creativity and fosters a deep sense of community engagement. Their mission revolves around collaborating with artists, social advocates, and communities to generate transformative new work. Employing 22 individuals, Colab Arts Inc. is committed to the advancement of the arts and the enrichment of local communities.
Official website here: www.colab-arts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 72%)
Colab Arts Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its overall performance. The organization has demonstrated strong governance, with 100% of its board members being independent and maintaining a clear conflict of interest and whistleblower policy. Financially, it appears to be stable, with no material diversion of assets and a favorable liabilities to assets ratio.
However, the organization faces challenges in its program expense ratio, which stands at 53.71%, suggesting that a significant portion of its expenses may not be directly contributing to its programs. This is a critical area for improvement, as high program expense ratios are essential for nonprofits to ensure funds are effectively used for their intended purpose. Overall, while Colab Arts Inc exhibits strong accountability practices, it must enhance its programmatic spending to improve its overall rating and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Colab Arts Inc legitimate?
Colab Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colab Arts 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: $235,276
For more financial information, click here
Official website here: www.colab-arts.org
What is the mission statement of Colab Arts Inc?
Colab Arts Inc's mission is centered around engaging artists, social advocates, and communities to produce transformative new works. They aim to foster a vibrant art scene by executing community-driven projects in various non-traditional spaces such as community rooms, houses of worship, and backyards. Colab Arts' approach is characterized by a can-do attitude and a knack for mischief, which is reflected in their aesthetic. Their commitment to the arts extends beyond creation, encompassing community engagement and professional development.
Official website here: www.colab-arts.org
Who is the CEO of Colab Arts Inc?
Dan Swern is the Producing Di of Colab Arts Inc.
Official website here: www.colab-arts.org
What is the revenue of Colab Arts Inc?
Colab Arts Inc's revenue in 2023 was $537,694.
Official website here: www.colab-arts.org
Who are the executives of Colab Arts Inc and what are their salaries?
The average compensation at Colab Arts Inc during 2023 was $10,694. There are 22 employees at Colab Arts Inc.
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Official website here: www.colab-arts.org
Where can I find the form 990 for Colab Arts Inc?
Colab Arts Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.colab-arts.org
Learn more at the official website: www.colab-arts.org
Mission Statement of Colab Arts Inc
Colab Arts Inc, a dynamic organization, is dedicated to engaging artists, social advocates, and communities to create transformative new works. Their mission is rooted in bringing together diverse voices and perspectives, fostering a collaborative environment where innovative ideas can take shape. By utilizing various community spaces, such as community rooms, houses of worship, parking lots, schools, bars, and backyards, Colab Arts Inc aims to breathe life into the local arts scene and encourage the birth of new artistic expressions. Their unique blend of a 'let's get it done' work ethic and a flair for mischief is reflected in their aesthetic, while their commitment to community engagement and professional development further solidifies their dedication to the arts.
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Impact
July, 2024
Colab Arts Inc engages artists, social advocates, and communities to create transformative new work. Using a "let's get it done" work ethic and a flair for mischief, Colab Arts generates community-powered projects and seeks to create an art scene using new and established spaces. Their work takes place in community rooms, houses of worship, parking lots, schools, bars, and backyards. The emphasis on community engagement and professional development defines their commitment to the arts. Overall, Colab Arts Inc's impact lies in its ability to empower artists and communities to collaborate on creating innovative and meaningful art projects that positively impact society.
This information is meant to be a general summary of Colab Arts 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 2023.
- Program Service Revenue: $142,507
- Gross Receipts: $537,694
Assets and Liabilities:
- Total Assets: $334,807
- Total Liabilities: $10,723
- Net Assets: $324,084
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PRODUCTION AND EDUCATION
Revenue
$115,417
OTHER PROGRAM REVENUE
Revenue
$27,090
Organization Details
Principal Officer
Dan Swern
Main Address
PO BOX 887, NEW BRUNSWICK, NJ, 08903
Website
www.colab-arts.orgNTEE Category
Code: A20 - Arts
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