Overview
What is Arts Center Foundation?
The Arts Center Foundation, established in Dayton, Ohio, primarily focuses on the restoration and utilization of two prominent landmarks for community arts performances: the Victoria Theatre and the Metropolitan Building. Their primary mission is to operate a performing arts complex, with the aim of raising funds to support and enhance the performing arts scene in Dayton, Ohio. To accomplish this, they have undertaken the renovation and lease of the historic Victoria Theatre, dedicating resources to this project. By doing so, they contribute significantly to the local arts community, providing a stage for various performances and fostering a vibrant cultural scene in Dayton.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
The Arts Center Foundation has received a 54% rating from Charity Navigator, translating to a One-Star designation. This rating is based solely on its Accountability & Finance metrics, indicating significant concerns in these areas. While the foundation has a fully independent board and adheres to necessary policies like conflict of interest and whistleblower protections, its financial health raises red flags, particularly in its program expense ratio.
Strengths of the organization include excellent governance practices, with a complete independent board and comprehensive policy documentation. They also score well in areas such as the lack of material diversion of assets. However, the foundation's overall impact appears limited due to its low program expense ratio of 34.99%, which suggests that a smaller portion of its budget is allocated to direct programming and services.
The liabilities to assets ratio stands at 21.28%, resulting in no points awarded in this category, signaling potential financial instability. Without more robust financial management and a higher investment in programs, the Arts Center Foundation may struggle to achieve its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Arts Center Foundation legitimate?
Arts Center Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arts Center Foundation 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 Arts Center Foundation?
The Arts Center Foundation's mission is centered around operating a performing arts complex and raising funds to support the performing arts. In pursuit of this goal, they engage in conducting, developing, maintaining, and operating a performing arts center. Additionally, the foundation seeks to acquire, renovate, and lease the Victoria Theatre for community arts performances. Their primary activity has been the restoration of the Victoria Theatre and the Metropolitan Building for community arts performances, and the operation of the performing arts center.
Who is the CEO of Arts Center Foundation?
David Schrodi is the Chair of Arts Center Foundation.
What is the revenue of Arts Center Foundation?
Arts Center Foundation's revenue in 2022 was $70,320.
Who are the executives of Arts Center Foundation and what are their salaries?
Here are 18 key members and their salaries:
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Where can I find the form 990 for Arts Center Foundation?
Arts Center Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Arts Center Foundation
The Arts Center Foundation is committed to carrying out several key objectives. Primarily, its mission involves the operation of a performing arts complex. This encompasses the conduct, development, maintenance, and management of this complex. Beyond this, the foundation aims to acquire, renovate, and lease the Victoria Theatre for the purpose of hosting community arts performances. Lastly, the Arts Center Foundation raises funds to support the performing arts in Dayton, Ohio. Through these endeavors, the foundation has focused on restoring the Victoria Theatre and the Metropolitan Building, transforming them into venues for community arts performances. The operation of the performing arts center is also a significant part of its activities.
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Impact
August, 2024
Arts Center Foundation has made a significant impact in Dayton, Ohio by operating a performing arts complex, restoring the Victoria Theatre, and raising funds to support the performing arts in the community. Through its activities, the foundation has contributed to the cultural enrichment of Dayton by providing a venue for community arts performances and supporting local artists and performers. Additionally, the foundation's work in renovating and maintaining the Victoria Theatre has preserved a historic landmark and created a space for artistic expression and creativity to thrive in the city.
This information is meant to be a general summary of Arts Center Foundation. 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.
- Gross Receipts: $70,320
Assets and Liabilities:
- Total Assets: $75,443,973
- Total Liabilities: $15,584,882
- Net Assets: $59,859,091
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Organization Details
Founding Year
1988
Phone
(937) 228-7591Principal Officer
David Schrodi
Main Address
138 NORTH MAIN STREET, DAYTON, OH, 45402
NTEE Category
Code: A610 - Arts
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