Overview
What is Sub Stance Incorporated?
Sub Stance Incorporated is a nonprofit organization situated in Long Beach, California. Their primary focus is on the realm of publishing and printing, with a particular emphasis on the publication of a literary magazine. The organization releases this magazine tri-annually, showcasing a variety of literary works. As a nonprofit, Sub Stance Incorporated contributes to the literary world by offering a platform for emerging writers and artists.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70%, Two-Star out of Four Star rating.
Sub Stance Incorporated has received a Two-Star rating from Charity Navigator, indicating a fair level of accountability and financial health. The organization scored particularly well in its Program Expense Ratio, with 94.51% of its expenses directed towards programs, highlighting a strong commitment to its mission.
However, the charity's overall rating is hindered by several gaps in governance practices. While it has a majority-independent board, it lacks a sufficient number of independent members to meet best practices. Additionally, important policies such as a whistleblower policy and document retention policy are missing, which raises concerns about accountability and transparency.
Despite these challenges, Sub Stance Incorporated does have a clean record regarding material diversion of assets and maintains a solid liabilities to assets ratio of 0.00%. This showcases financial stability, but the organization will need to address its governance shortcomings to enhance its overall rating and foster greater trust among its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Sub Stance Incorporated legitimate?
Sub Stance Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sub Stance Incorporated 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: $0
For more financial information, click here
What is the mission statement of Sub Stance Incorporated?
Sub Stance Incorporated, as an organization, is dedicated to the publication of a literary magazine. Their mission involves tri-annual publication, showcasing a variety of literary works. The organization specializes in the field of printing and publishing, offering a platform for writers to share their literature with a wider audience. By publishing this magazine, Sub Stance Incorporated contributes to the literary community, providing opportunities for both emerging and established writers to showcase their work.
What is the revenue of Sub Stance Incorporated?
Sub Stance Incorporated's revenue in 2023 was $74,262.
Who are the executives of Sub Stance Incorporated and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Sub Stance Incorporated?
Sub Stance Incorporated's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Sub Stance Incorporated
Sub Stance Incorporated, a distinguished publishing entity, is dedicated to the pursuit of artistic expression through its publication of a literary magazine. The organization's mission involves more than just disseminating literature; it encompasses a triannual publication schedule, showcasing a diverse range of writings. As a specialist in printing and publishing, Sub Stance Incorporated contributes to the literary world by providing a platform for emerging and established authors to share their work. Its commitment to the literary arts is a testament to its role in fostering creativity and intellectual discourse.
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Impact
August, 2024
Sub Stance Incorporated's impact lies in its contribution to the arts community through the publication of a literary magazine. The organization provides a platform for writers and artists to showcase their work, fostering creativity and artistic expression. By producing a tri-annual publication, Sub Stance Incorporated not only promotes literary talent but also celebrates the diversity and richness of the arts scene in Long Beach, CA. Through its focus on printing and publishing, this organization plays a crucial role in supporting emerging and established artists, thus enriching the cultural landscape of the city.
This information is meant to be a general summary of Sub Stance Incorporated. 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 2023.
- Investment Income: $23,531
- Gross Receipts: $74,262
Assets and Liabilities:
- Total Assets: $587,654
- Total Liabilities: $0
- Net Assets: $587,654
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Organization Details
Founding Year
1973
Principal Officer
Michel Pierssens
NTEE Category
Code: A33 - Arts
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