Overview
What is The Center For The Arts At The Armory I?
The Center for the Arts at The Armory I is a nonprofit organization situated in Somerville, Massachusetts, specifically at 191 Highland Ave 1C, 02143. The organization's primary objective is to offer a platform for a multitude of artistic expressions, including visual arts, dance, theater, and music performances, as well as community events. By providing reasonably priced and free spaces for these events, the center aims to foster diversity, enrich lives, and promote the creative economy. Furthermore, it serves as a gathering place for diverse audiences, thereby transforming their experiences. The organization also hosts fundraising events, contributing to its mission.
Official website here: www.artsatsthearmory.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
The Center For The Arts At The Armory I has received a "Needs Improvement" rating from Charity Navigator, reflecting a score of 73%. While the organization excels in accountability and finance, boasting a perfect score of 100% in this area, there are significant areas for improvement that have impacted their overall rating. The majority of board members are independent, and the financial oversight is robust, indicating a strong foundation in governance.
However, the organization lacks key policies such as a whistleblower policy and a document retention and destruction policy, which contributed to lower scores in governance. Furthermore, the absence of their tax form on the nonprofit's website raises transparency concerns. The liabilities to assets ratio is also notably high at 87.80%, suggesting financial strain that may limit operational effectiveness.
Despite these challenges, the Center For The Arts At The Armory I demonstrates a commendable program expense ratio of 74.56%, indicating that a significant portion of its resources is allocated directly to its mission-driven programs. This focus on programmatic spending highlights the commitment to fulfilling their artistic mandate, even as they work to enhance their governance and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is The Center For The Arts At The Armory I legitimate?
The Center For The Arts At The Armory I is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Center For The Arts At The Armory I 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: $639,287
For more financial information, click here
Official website here: www.artsatsthearmory.org
What is the mission statement of The Center For The Arts At The Armory I?
The Center for the Arts at The Armory I is dedicated to providing affordable and free space for various arts, cultural, and community events and programming. This initiative aims to bring diverse audiences together, enrich and transform lives, and foster the creative economy. By showcasing a wide array of visual arts, dance, theater, musical performances, and community events, the organization strives to promote unity and encourage personal growth and development through artistic expression. Fundraising events may also be part of their activities.
Official website here: www.artsatsthearmory.org
What is the revenue of The Center For The Arts At The Armory I?
The Center For The Arts At The Armory I's revenue in 2024 was $1,368,402.
Official website here: www.artsatsthearmory.org
Who are the executives of The Center For The Arts At The Armory I and what are their salaries?
The average compensation at The Center For The Arts At The Armory I during 2024 was $13,318. There are 48 employees at The Center For The Arts At The Armory I.
Here are 7 key members and their salaries:
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- Compensation: $84,002
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- Compensation: $84,002
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Official website here: www.artsatsthearmory.org
Where can I find the form 990 for The Center For The Arts At The Armory I?
The Center For The Arts At The Armory I's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.artsatsthearmory.org
Learn more at the official website: www.artsatsthearmory.org
Mission Statement of The Center For The Arts At The Armory I
The Center for the Arts at the Armory I is committed to providing affordable and free space for a variety of arts, cultural, and community events and programming. Its mission is to bring diverse audiences together, enrich and transform lives, and promote the creative economy. By showcasing visual arts, dance, theater, and musical performances, as well as community events, this organization seeks to foster a sense of unity and connection among its attendees. Through its initiatives, the Center for the Arts at the Armory I aims to contribute to personal growth and development, as well as to support the local creative economy.
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Impact
July, 2024
The Center For The Arts At The Armory I has a significant impact on the community by providing free and affordably-priced space for arts, cultural, and community events and programming. This organization brings diverse audiences together, enriches and transforms lives, and promotes the creative economy. Through showcasing a wide range of visual arts, dance, theater, musical performances, and community events, The Center For The Arts At The Armory I plays a vital role in fostering creativity, cultural exchange, and community engagement in Somerville, MA.
This information is meant to be a general summary of The Center For The Arts At The Armory I. 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: $19
- Program Service Revenue: $784,523
- Gross Receipts: $1,421,079
Assets and Liabilities:
- Total Assets: $372,360
- Total Liabilities: $187,739
- Net Assets: $184,621
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$430,738
CONCESSION SALES
Revenue
$333,785
SPONSORSHIPS
Revenue
$20,000
Organization Details
Founding Year
2005
Principal Officer
Hathalee Higgs
Website
www.artsatsthearmory.orgNTEE Category
Code: A20 - Arts
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