Overview
What is Contemporary Art Group?
Contemporary Art Group is a nonprofit organization situated in Los Angeles, California, specifically at 1304 Sanborn Ave. Their primary mission is to enlighten the public about significant artworks and enhance the general population's interaction with art by organizing thoughtfully planned programs. The group's dedicated team of four individuals is committed to this mission, aiming to make art more accessible and appreciated within the community.
Official website here: www.contemporaryartvenues.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 55%, One-Star out of Four Star rating. The Contemporary Art Group has received a low rating primarily due to significant weaknesses in its governance and financial accountability. While the organization demonstrates some adherence to necessary policies, such as having a conflict of interest policy and a whistleblower policy, it lacks independent board members and has not effectively posted essential documents like meeting minutes on its website.
The organization scored notably well in certain financial categories, including a perfect program expense ratio, indicating that it directs all its program expenses effectively. However, concerns arise from its liabilities to assets ratio, which reflects potential financial instability. Additionally, the absence of independent board members and a proper document retention policy highlights governance issues that may affect overall organizational effectiveness.
Despite these challenges, the Contemporary Art Group has maintained transparency in some operational aspects, such as material diversion of assets and the presence of its website on the tax form. However, the overall low score suggests that stakeholders may want to exercise caution and seek further information regarding its financial health and governance practices before supporting the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Contemporary Art Group legitimate?
Contemporary Art Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. Contemporary Art Group 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: $68,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $99,639
For more financial information, click here
Official website here: www.contemporaryartvenues.com
What is the mission statement of Contemporary Art Group?
The Contemporary Art Group's mission is centered around enlightening the general public about significant art pieces and enhancing their access to such artworks. They accomplish this mission through meticulously organized programming. The organization's primary objective is to broaden the public's understanding of contemporary art, fostering appreciation and engagement with this artistic domain. By curating events and exhibitions, they aim to make art more accessible and foster a deeper connection between the public and the art world.
Official website here: www.contemporaryartvenues.com
Who is the CEO of Contemporary Art Group?
Forrest Nash is the Executive Director of Contemporary Art Group.
Official website here: www.contemporaryartvenues.com
What is the revenue of Contemporary Art Group?
Contemporary Art Group's revenue in 2022 was $211,895.
Official website here: www.contemporaryartvenues.com
Who are the executives of Contemporary Art Group and what are their salaries?
The average compensation at Contemporary Art Group during 2022 was $42,097. There are 4 employees at Contemporary Art Group.
Here are 4 key members and their salaries:
- Compensation: $68,750
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.contemporaryartvenues.com
Where can I find the form 990 for Contemporary Art Group?
Contemporary Art Group's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.contemporaryartvenues.com
Learn more at the official website: www.contemporaryartvenues.com
Mission Statement of Contemporary Art Group
The Contemporary Art Group, a non-profit organization, is dedicated to enlightening the public about significant works of art and enhancing their opportunities to engage with these masterpieces. Through meticulously planned programming, it strives to broaden public understanding and access to these art forms. By doing so, it aims to foster a more enriched and culturally aware society.
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Impact
October, 2024
Contemporary Art Group significantly enhances public engagement with the art world through its curated programming, making important art accessible to a broader audience. By focusing on education, the organization fosters a deeper understanding and appreciation of contemporary art, bridging the gap between artists, their work, and the community in Los Angeles. This initiative not only promotes cultural awareness but also encourages dialogue and interaction with diverse artistic expressions. Through its efforts, Contemporary Art Group plays a vital role in redefining the role of art in society, ensuring that it is not only seen but also understood and valued by all.
This information is meant to be a general summary of Contemporary Art Group. 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.
- Program Service Revenue: $100,367
- Gross Receipts: $211,895
Assets and Liabilities:
- Total Assets: $35,726
- Total Liabilities: $195,368
- Net Assets: -$159,642
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Venue sponsorships
Revenue
$100,367
Organization Details
Founding Year
2015
Phone
(224) 221-5271Principal Officer
Forrest Nash
Main Address
1304 Sanborn Ave, Los Angeles, CA, 90027
NTEE Category
Code: A20 - Arts
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