Overview
What is Karamu House Inc?
Karamu House Inc, situated in Cleveland, Ohio, is a distinguished nonprofit organization established in 1915. It serves as a prominent hub for African American performing arts and community education. The organization's primary mission is to produce professional theatre, deliver arts education, and present community programs for individuals from all backgrounds, while paying tribute to the African-American experience. This multifaceted nonprofit aims to foster a sense of unity and cultural appreciation through its diverse offerings, making it an essential part of the Cleveland community.
Official website here: www.karamuhouse.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
Karamu House Inc has received a solid Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's overall score is derived entirely from its accountability and finance metrics, which scored 86%. This indicates that the organization adheres to high standards in financial management and governance, ensuring transparency and responsible stewardship of resources.
The evaluation highlights several organizational strengths, including a fully independent board of 19 members and exceptional scores in various areas such as audit oversight, conflict of interest policies, and document retention practices. Notably, the charity has demonstrated excellent fundraising efficiency, with a low cost of fundraising at just $0.10, and maintains a strong working capital ratio, indicating financial stability and sustainability.
While the organization has shown commendable performance, the rating does not provide insights into its programmatic effectiveness or impact on the community. Potential donors and stakeholders may want to seek additional information on the outcomes of Karamu House's initiatives to fully assess the charity's overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Karamu House Inc legitimate?
Karamu House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Karamu House 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: $210,995
Professional Fundraising Fees: $0
Other Salaries and Wages: $571,632
For more financial information, click here
Official website here: www.karamuhouse.org
What is the mission statement of Karamu House Inc?
Karamu House Inc's mission involves producing professional theater, providing arts education, and presenting community programs. This is all done while honoring the African-American experience. Their goal is to make these offerings accessible to everyone. Karamu House Inc strives to preserve and celebrate the rich cultural heritage of the African American community through its artistic and educational endeavors. By doing so, it aims to foster understanding, inclusivity, and appreciation for diverse perspectives.
Official website here: www.karamuhouse.org
Who is the CEO of Karamu House Inc?
Tony Sias is the Chair of Karamu House Inc. The CEO's salary of Karamu House Inc is $139,414 and their total compensation is $139,414.
Official website here: www.karamuhouse.org
What is the revenue of Karamu House Inc?
Karamu House Inc's revenue in 2022 was $4,216,971.
Official website here: www.karamuhouse.org
Who are the executives of Karamu House Inc and what are their salaries?
The average compensation at Karamu House Inc during 2022 was $26,987. There are 29 employees and 25 volunteers at Karamu House Inc.
Here are 23 key members and their salaries (Karamu House Inc's CEO's salary is $139,414 and their total compensation is $139,414):
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Official website here: www.karamuhouse.org
Where can I find the form 990 for Karamu House Inc?
Karamu House Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.karamuhouse.org
Learn more at the official website: www.karamuhouse.org
Mission Statement of Karamu House Inc
Karamu House Inc is a distinguished organization dedicated to producing professional theatre, providing arts education, and presenting community programs. Their mission is rooted in honoring the African-American experience. By offering these services, Karamu House aims to engage and serve all individuals, fostering an inclusive environment that celebrates diversity. The nonprofit's commitment to theatrical performances, educational programs, and community initiatives reflects its dedication to enriching lives and fostering understanding through the arts.
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Impact
October, 2024
Karamu House Inc significantly enriches the cultural landscape of Cleveland, Ohio, by producing professional theatre, offering arts education, and presenting community programs that resonate with diverse audiences. Established in 1915, it stands as a premier center for African American performing arts, serving as a vital resource for artistic expression and cultural celebration. By honoring the African-American experience, Karamu House fosters a sense of community and identity, empowering individuals through creativity and engagement in the arts. Its commitment to accessibility ensures that people from all backgrounds can participate, learn, and appreciate the transformative power of artistic expression. With a focus on both professional productions and community involvement, Karamu House plays an essential role in promoting cultural awareness and fostering dialogue through the arts in the Cleveland area.
This information is meant to be a general summary of Karamu House 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 2022.
- Investment Income: $329
- Program Service Revenue: $289,081
- Gross Receipts: $4,216,971
Assets and Liabilities:
- Total Assets: $10,362,256
- Total Liabilities: $1,232,503
- Net Assets: $9,129,753
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THEATER PRODUCTION
Revenue
$223,328
COMMUNITY PROGRAMS
Revenue
$51,798
ARTS EDUCATION
Revenue
$13,955
Organization Details
Founding Year
1915
Phone
(216) 795-7070Principal Officer
Tony Sias
Main Address
2355 EAST 89TH STREET, CLEVELAND, OH, 44106
Website
www.karamuhouse.orgNTEE Category
Code: A60 - Arts
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