Overview
What is Cornerstone Center For The Arts Inc?
Cornerstone Center For The Arts Inc, based in Muncie, Indiana, serves as a vibrant hub for artistic growth and community engagement. The historic building houses a variety of art classes for individuals of all ages, including music lessons for strings, piano, flute, dance, visual arts, and sign language. Community events are regularly hosted, and the center's spacious facilities can be rented by the community. The organization actively sponsors cultural programs for both children and adults within the community, fostering a nurturing environment for creative expression and lifelong learning. With a staff of 64 dedicated individuals, Cornerstone Center For The Arts Inc strives to strengthen community connections through educational programs and events.
Official website here: www.cornerstonearts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating. The rating reflects a moderate level of accountability and financial management within Cornerstone Center For The Arts Inc. A score of 73 indicates that while the organization has some strengths, there are also areas that require improvement.
One of the notable strengths of the organization is its governance structure, with 100% of board members being independent, which promotes unbiased decision-making. The organization also has a low liabilities-to-assets ratio of 10.63%, demonstrating sound financial health. Additionally, a program expense ratio of 72.23% shows that a significant portion of its finances is directed toward its mission-related activities.
However, there are critical gaps in the nonprofit's policies, as it lacks a whistleblower policy and a document retention and destruction policy, both of which are essential for transparency and accountability. These missing elements contribute to the overall rating and suggest that while the organization operates effectively in some areas, it has opportunities to strengthen its governance practices further.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Cornerstone Center For The Arts Inc?
90% of 366 reviewers on Facebook recommend Cornerstone Center For The Arts Inc. Here is a summary of their reviews:
Many participants appreciate the beauty of the building, referring to it as a "Muncie must-see." People seem to enjoy the aesthetic and historical aspects of the venue, highlighting its appeal as a vibrant space within the community.
Overall, satisfaction seems to be high as visitors celebrate both the facility and its role in enhancing the local arts scene. Many express positive sentiments about their experiences, making it clear that the Cornerstone Center plays a significant role in the cultural landscape of Muncie.
This AI summary has been generated from reviews found on Facebook.
Is Cornerstone Center For The Arts Inc legitimate?
Cornerstone Center For The Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Center For The 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: $57,095
Professional Fundraising Fees: $0
Other Salaries and Wages: $272,504
For more financial information, click here
Official website here: www.cornerstonearts.org
What is the mission statement of Cornerstone Center For The Arts Inc?
The Cornerstone Center For The Arts Inc was established with the mission to foster community connections by offering opportunities for creative expression, educational programs, and events in a historic setting. Their primary objective is to provide a building that serves as a platform for promoting arts within the community. The center maintains a diverse range of art programs, administered in a safe learning environment for both children and adults. These programs encompass various artistic disciplines, such as string, piano, flute, dance, visual arts, and sign language. Besides hosting community events throughout the year, the center also makes its space available for rent, thereby benefiting the local community. The organization sponsors various cultural programs for children and adults in the community, with enrollment varying depending on each program.
Official website here: www.cornerstonearts.org
Who is the CEO of Cornerstone Center For The Arts Inc?
Carol Bradshaw is the President of Cornerstone Center For The Arts Inc.
Official website here: www.cornerstonearts.org
What is the revenue of Cornerstone Center For The Arts Inc?
Cornerstone Center For The Arts Inc's revenue in 2022 was $714,891.
Official website here: www.cornerstonearts.org
Who are the executives of Cornerstone Center For The Arts Inc and what are their salaries?
The average compensation at Cornerstone Center For The Arts Inc during 2022 was $5,150. There are 64 employees and 50 volunteers at Cornerstone Center For The Arts Inc.
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- Compensation: $57,095
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Official website here: www.cornerstonearts.org
Where can I find the form 990 for Cornerstone Center For The Arts Inc?
Cornerstone Center For The Arts Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cornerstonearts.org
Learn more at the official website: www.cornerstonearts.org
Mission Statement of Cornerstone Center For The Arts Inc
Cornerstone Center for the Arts Inc, a nonprofit organization, was established with the mission to foster community connections by offering opportunities for creative expression, educational programs, and events in a historic setting. Their primary goal is to provide a building for the promotion of arts within the community and to establish and maintain diverse art programs. These programs are administered in a safe learning environment, catering to both children and adults.
Located within this historical building, Cornerstone Center for the Arts Inc houses various art classes for individuals of all ages. These classes encompass a wide range of disciplines, including string, piano, flute, dance, visual arts, and sign language. The center serves as a hub for artistic growth and development, providing a space where community members can hone their skills and explore their creative passions.
Beyond providing a space for artistic pursuits, Cornerstone Center for the Arts Inc also hosts numerous community events throughout the year. These events cater to diverse interests and backgrounds, allowing members of the community to engage with one another and celebrate the arts. Furthermore, the organization sponsors various cultural programs for children and adults within the community, fostering an appreciation for the arts among its residents. The enrollment for these programs varies by discipline, ensuring that the center remains accessible to a wide range of individuals.
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Impact
October, 2024
Cornerstone Center for the Arts Inc plays a vital role in nurturing community connections through creative expression and educational opportunities. By offering a wide range of art classes—including string instruments, piano, flute, dance, visual arts, and sign language—this organization creates a welcoming environment for individuals of all ages to explore and develop their artistic talents.
The center serves as a hub for various cultural programs, enriching the lives of both children and adults in the Muncie community. Its commitment to hosting community events throughout the year fosters engagement and collaboration among local residents. The facility also provides rental space, contributing to the community's ability to host diverse activities and celebrations.
Through its diverse programming and historic setting, Cornerstone Center for the Arts Inc significantly enhances the cultural landscape of the area, encouraging participation in the arts and fostering a sense of belonging within the community. Its efforts promote creativity, lifelong learning, and a shared appreciation for the arts, making it an invaluable asset to Muncie and beyond.
This information is meant to be a general summary of Cornerstone Center For The 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 2022.
- Investment Income: $10,347
- Program Service Revenue: $168,589
- Gross Receipts: $714,891
Assets and Liabilities:
- Total Assets: $2,528,628
- Total Liabilities: $268,963
- Net Assets: $2,259,665
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL & LEASE INCOME
Revenue
$143,026
PRODUCTION/EVENT INCOME
Revenue
$13,016
PROGRAM FEES
Revenue
$12,547
Organization Details
Founding Year
1988
Phone
(765) 281-9503Principal Officer
Carol Bradshaw
Main Address
520 E MAIN ST, MUNCIE, IN, 47305
Website
www.cornerstonearts.orgNTEE Category
Code: A20 - Arts
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