Overview
What is Torrance Cultural Arts Center Foundation?
The Torrance Cultural Arts Center Foundation is a nonprofit organization based in Torrance, California, with a postal address at PO Box 10416. In collaboration with the city of Torrance, its primary mission is to enrich the community by presenting a variety of performing arts, visual arts, and arts education opportunities at affordable prices. This is accomplished through scholarships and partnerships, such as the donation of printing services, rent for facilities, and theatre labor, totaling approximately $91,394, which have been excluded from the organization's income and expense calculations. The Foundation's activities aim to provide diverse, high-quality, and culturally relevant performances, helping to bridge cultural divides, support young individuals, stimulate economic development, and foster conversations about the human condition. With a workforce of three individuals, the Torrance Cultural Arts Center Foundation strives to make the arts accessible and enjoyable for the local community.
Official website here: www.torrancearts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)
The Torrance Cultural Arts Center Foundation (TOCA) has received a Three-Star rating from Charity Navigator, indicating a decent level of accountability and financial health. The organization demonstrates strengths in governance, with an independent board and no material diversion of assets. However, there are some areas for improvement, including the lack of a whistleblower policy and document retention policies.
User reviews across platforms highlight a strong community connection and dedication to bringing high-quality, affordable entertainment to the South Bay area. Many users express appreciation for the diverse programming, including live performances, festivals, and children's events, which contribute significantly to the local cultural landscape. The intimate setting of the venues adds to the positive experience, making it accessible for families and individuals alike.
While the foundation boasts a strong volunteer base and enthusiastic board members, it also faces challenges, such as the need for more comprehensive policies to strengthen its governance framework. Overall, TOCA is highly regarded for its commitment to enriching the cultural experience of the community but has some areas to address to maximize its effectiveness and transparency.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Torrance Cultural Arts Center Foundation legitimate?
Torrance Cultural Arts Center Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Torrance Cultural 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $98,501
Professional Fundraising Fees: $0
Other Salaries and Wages: $61,196
For more financial information, click here
Official website here: www.torrancearts.org
What is the mission statement of Torrance Cultural Arts Center Foundation?
The Torrance Cultural Arts Center Foundation, in collaboration with their city, strives to enrich the community through the performing arts. They achieve this by offering a diverse range of culturally relevant, accessible, and high-quality performances across various genres. This initiative aims to foster cultural understanding, support youth development, stimulate economic growth, and spark discussions related to the human condition. The foundation presents performing arts, visual arts, and arts education throughout the year at affordable prices and through scholarships. They also receive substantial support in the form of donated printing services, rent for facilities, and theatre labor from their city partnership.
Official website here: www.torrancearts.org
Who is the CEO of Torrance Cultural Arts Center Foundation?
Christian Wolf is the Executive Director of Torrance Cultural Arts Center Foundation.
Official website here: www.torrancearts.org
What is the revenue of Torrance Cultural Arts Center Foundation?
Torrance Cultural Arts Center Foundation's revenue in 2023 was $471,810.
Official website here: www.torrancearts.org
Who are the executives of Torrance Cultural Arts Center Foundation and what are their salaries?
The average compensation at Torrance Cultural Arts Center Foundation during 2023 was $53,232. There are 3 employees at Torrance Cultural Arts Center Foundation.
Here are 12 key members and their salaries:
- Compensation: $98,501
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- Other: $0
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- Other: $0
Official website here: www.torrancearts.org
Where can I find the form 990 for Torrance Cultural Arts Center Foundation?
Torrance Cultural Arts Center Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.torrancearts.org
Learn more at the official website: www.torrancearts.org
Mission Statement of Torrance Cultural Arts Center Foundation
The Torrance Cultural Arts Center Foundation, in collaboration with the city, aims to enrich the community through the performing arts. They accomplish this by presenting a diverse range of culturally relevant, accessible, and high-quality performances of various genres. This endeavor serves multiple purposes, including bridging cultural divides, fostering the young, promoting economic development, and stimulating conversations pertinent to the human condition.
The foundation's mission is carried out through a variety of artistic presentations, including performing arts, visual arts, and arts education. These events are made available at affordable prices and through scholarships, ensuring that the community can partake in these cultural experiences regardless of financial constraints. Moreover, the foundation receives significant support from the city of Torrance, including donated printing services, rent for facilities, and theatre labor, which substantially contribute to their operations but are not included in their income and expense reports.
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Impact
July, 2024
The Torrance Cultural Arts Center Foundation, in partnership with the City of Torrance, enriches the community through the performing arts by providing diverse cultural, educational, and entertainment experiences of the highest quality. They offer performing arts, visual arts, and arts education throughout the year at affordable prices and through scholarships. The foundation's efforts aim to bridge cultural divides, support the youth, contribute to economic development, and initiate conversations relevant to the human condition. Their impact extends beyond just entertainment, as they play a crucial role in fostering creativity, education, and community engagement.
This information is meant to be a general summary of Torrance Cultural 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 2023.
- Investment Income: $5,737
- Program Service Revenue: $182,300
- Gross Receipts: $525,673
Assets and Liabilities:
- Total Assets: $260,404
- Total Liabilities: $19,131
- Net Assets: $241,273
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONCESSION & MERCHANDISE
Revenue
$17,013
PERFORMING ARTS
Revenue
$165,287
Organization Details
Phone
(310) 378-8100Principal Officer
Christian Wolf
Main Address
PO BOX 10416, TORRANCE, CA, 90505
Website
www.torrancearts.orgNTEE Category
Code: A51Z - Arts
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