Overview
What is Palette And Chisel Academy Of Fine Arts?
The Palette and Chisel Academy of Fine Arts, located in Chicago, Illinois, is a nonprofit organization dedicated to fostering growth in the visual arts. They achieve this by offering art instruction and providing studio space to serious artists through classroom instruction, workshops, and exhibitions. With a team of four individuals, this academy serves as a hub for artists to hone their skills and enriches the community with practical art education, appreciation, and exhibition events.
Official website here: www.paletteandchisel.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Palette And Chisel Academy Of Fine Arts has achieved an impressive 94% rating from Charity Navigator, indicating strong financial health and accountability. The organization boasts an excellent score in accountability and finance, reflecting a commitment to transparency and effective management of resources. Notably, 80% of its board members are independent, ensuring impartial governance that benefits the organization’s mission.
The academy demonstrates robust financial practices, with no material diversion of assets reported and a favorable liabilities to assets ratio of just 2.48%. The program expense ratio is also commendable, with approximately 68.77% of its budget dedicated to program services, showcasing a primary focus on its artistic initiatives and community outreach.
While the organization displays numerous strengths, it is essential to consider that the program expense ratio, although good, leaves room for improvement. Greater investment in programs could further enhance its impact in the arts community. Overall, Palette And Chisel Academy Of Fine Arts stands out positively in financial accountability and governance.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Palette And Chisel Academy Of Fine Arts?
76% of the 308 reviewers on Facebook recommend Palette And Chisel Academy Of Fine Arts. Here is a summary of their reviews:
Many participants appreciate the vibrant atmosphere within the historic venue, which enhances their experience. The availability of life drawing sessions with live models is particularly praised, catering to both walk-ins and members, which adds accessibility for aspiring artists. Additionally, the quality of instruction provided by well-known artists is highlighted, with several users noting the positive impact of the classes on their artistic development.
While a majority finds value in the offerings, the mixed recommendation rate suggests that experiences may vary among individuals. Overall, the academy seems to deliver a welcoming environment and valuable resources for those looking to cultivate their artistic skills.
This AI summary has been generated from reviews found on Facebook.
Is Palette And Chisel Academy Of Fine Arts legitimate?
Palette And Chisel Academy Of Fine Arts is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palette And Chisel Academy Of Fine Arts 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: $108,923
Professional Fundraising Fees: $0
Other Salaries and Wages: $64,983
For more financial information, click here
Official website here: www.paletteandchisel.org
What is the mission statement of Palette And Chisel Academy Of Fine Arts?
The Palette and Chisel Academy of Fine Arts has a mission to nurture growth in the visual arts. They offer a conducive environment for serious artists to work and contribute to the community with practical art education, art appreciation, and exhibitions. Through classroom instruction, workshops, and exhibitions, they provide a platform for artists to enhance their skills and share their work with others. The academy aims to enrich the community by promoting art and fostering an appreciation for it.
Official website here: www.paletteandchisel.org
Who is the CEO of Palette And Chisel Academy Of Fine Arts?
William Ewers is the President of Palette And Chisel Academy Of Fine Arts.
Official website here: www.paletteandchisel.org
What is the revenue of Palette And Chisel Academy Of Fine Arts?
Palette And Chisel Academy Of Fine Arts's revenue in 2022 was $757,516.
Official website here: www.paletteandchisel.org
Who are the executives of Palette And Chisel Academy Of Fine Arts and what are their salaries?
The average compensation at Palette And Chisel Academy Of Fine Arts during 2022 was $43,476. There are 4 employees and 60 volunteers at Palette And Chisel Academy Of Fine Arts.
Here are 11 key members and their salaries:
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- Compensation: $5,507
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- Compensation: $10,647
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- Compensation: $73,500
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- Other: $0
Official website here: www.paletteandchisel.org
Where can I find the form 990 for Palette And Chisel Academy Of Fine Arts?
Palette And Chisel Academy Of Fine Arts's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.paletteandchisel.org
Learn more at the official website: www.paletteandchisel.org
Mission Statement of Palette And Chisel Academy Of Fine Arts
The Palette and Chisel Academy of Fine Arts, a distinguished institution, is committed to nurturing growth in the visual arts. Its primary objective is to serve as a sanctuary for serious artists, offering them a conducive environment to hone their skills. Beyond this, the academy aims to enrich the community through programs that promote practical art education, appreciation, and exhibitions. By providing classroom instruction, workshops, and platforms for exhibitions, the Palette and Chisel Academy of Fine Arts strives to foster artistic growth and inspire a deeper understanding and appreciation of art.
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Impact
October, 2024
Palette and Chisel Academy of Fine Arts plays a vital role in enhancing the visual arts landscape in Chicago. By providing comprehensive art instruction and dedicated studio space, it fosters an environment where serious artists can hone their craft. The academy's commitment to practical art education and appreciation empowers individuals of all skill levels to explore and expand their artistic abilities.
Through its various programs, workshops, and exhibitions, the organization enriches the local community by making art accessible and engaging. It also creates a vibrant hub where artists can collaborate, share ideas, and showcase their work, ultimately contributing to the cultural fabric of the city. By prioritizing both education and community interaction, the Palette and Chisel Academy nurtures growth in the arts, supports artistic endeavors, and cultivates a deeper appreciation for the visual arts among residents and visitors alike.
This information is meant to be a general summary of Palette And Chisel Academy Of Fine Arts. 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: $104,719
- Program Service Revenue: $442,385
- Gross Receipts: $1,276,863
Assets and Liabilities:
- Total Assets: $4,310,909
- Total Liabilities: $107,125
- Net Assets: $4,203,784
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSTRUCTION FEES
Revenue
$275,555
STUDIO, GALLERY & LOCK
Revenue
$88,915
WORKSHOPS
Revenue
$47,070
EXHIBITION SALES
Revenue
$23,422
OTHER PROGRAM REVENUE
Revenue
$7,423
Organization Details
Founding Year
1984
Phone
(312) 642-4400Principal Officer
William Ewers
Main Address
1012 N DEARBORN PARKWAY, CHICAGO, IL, 60610
Website
www.paletteandchisel.orgNTEE Category
Code: A25 - Arts
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