Overview
What is Templearts?
Templearts, located in Saginaw, Michigan, is a nonprofit organization renowned for showcasing fine art from artists across the United States and the state of Michigan. Their primary mission is to make art accessible to all, achieved through educational programs and the collection and preservation of art. They extend their reach to school children by conducting tour programs and offering instruction to classroom volunteers, thereby fostering a deeper appreciation for art. With a team of 27 dedicated individuals, Templearts serves as a cultural treasure in the Great Lakes Bay region.
Official website here: www.mytemplearts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Stars)
Templearts has received a strong 93% rating from Charity Navigator, indicating a high level of accountability and financial health. This score reflects the organization’s commitment to maintaining transparency and effective governance, as evidenced by its fully independent board and comprehensive oversight measures. With no reported material diversion of assets and a solid liabilities to assets ratio, the organization demonstrates sound financial management.
The charity's program expense ratio stands at 67.64%, suggesting that a significant portion of its funds is directed toward fulfilling its mission rather than administrative costs. Key leadership salaries are disclosed, with the president receiving $133,880, which aligns with industry standards for nonprofit compensation. The organization also adheres to best practices with policies in place for conflict of interest, whistleblowing, and document retention.
While Templearts showcases exceptional performance in accountability and finance, potential donors may want to consider its overall program impact and outreach, as additional data on program effectiveness would provide a more comprehensive view of its mission fulfillment. However, the current financial indicators present a strong case for trustworthiness and responsible stewardship of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Templearts legitimate?
Templearts is a legitimate nonprofit organization registered as a 501(c)(3) entity. Templearts 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: $563,338
For more financial information, click here
Official website here: www.mytemplearts.org
What is the mission statement of Templearts?
Templearts, as a museum, is dedicated to making art accessible to all through education, collection, and preservation. It showcases fine art from artists across the United States and Michigan, offering citizens of the Great Lakes Bay Region an opportunity to interact with these works. The organization also focuses on education, conducting tours for school children and providing instruction for classroom volunteers, aiming to increase knowledge and appreciation of art.
Official website here: www.mytemplearts.org
Who is the CEO of Templearts?
Larry Preston is the President of Templearts.
Official website here: www.mytemplearts.org
What is the revenue of Templearts?
Templearts's revenue in 2022 was $2,397,590.
Official website here: www.mytemplearts.org
Who are the executives of Templearts and what are their salaries?
The average compensation at Templearts during 2022 was $20,864. There are 27 employees at Templearts.
Here are 15 key members and their salaries:
- Compensation: $133,880
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- Compensation: $40,994
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Official website here: www.mytemplearts.org
Where can I find the form 990 for Templearts?
Templearts's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mytemplearts.org
Learn more at the official website: www.mytemplearts.org
Mission Statement of Templearts
Templearts, a nonprofit organization, is dedicated to making art accessible to all through education, the collection, and preservation of artworks. The primary mission of Templearts is to establish a museum that showcases fine art from artists across the United States, including the state of Michigan, for the benefit of the citizens in the Great Lakes Bay region. In addition to this, Templearts is committed to educating the community about art, particularly schoolchildren, through tour programs and instruction for classroom volunteers. By doing so, the organization aims to increase knowledge and appreciation of art, fostering a deeper connection with this form of cultural expression.
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Impact
July, 2024
Templearts has a significant impact on the community by providing access to art for all through education, collection, and preservation. The museum hosts artists from all over the United States, as well as local artists from Michigan, showcasing fine works of art to the citizens of the Great Lakes Bay region. Additionally, Templearts actively engages with the local schools through educational programs that increase knowledge and appreciation of art among school children. By offering tour programs and instruction for classroom volunteers, Templearts is fostering a deeper connection to art within the younger generation. Overall, Templearts' mission to provide art for all through education and preservation makes a valuable contribution to the cultural landscape of Saginaw, Michigan.
This information is meant to be a general summary of Templearts. 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: $675,667
- Program Service Revenue: $631,817
- Gross Receipts: $2,401,850
Assets and Liabilities:
- Total Assets: $23,437,974
- Total Liabilities: $1,192,518
- Net Assets: $22,245,456
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER
Revenue
$200,677
PROGRAMS
Revenue
$158,187
EVENTS
Revenue
$150,231
STAFF BILLING
Revenue
$53,642
PRESERVATION INCOME
Revenue
$33,398
Organization Details
Phone
(989) 754-2491Principal Officer
Larry Preston
Main Address
1126 N MICHIGAN AVENUE, SAGINAW, MI, 48602
Website
www.mytemplearts.orgNTEE Category
Code: A510 - Arts
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