Overview
What is Central Square Inc?
Central Square Inc, established in Glenwood, Minnesota, is a dedicated nonprofit organization with a primary focus on promoting the arts in the West Central region. They achieve this by managing and maintaining facilities, while also developing and administering programs aimed at civic improvement, education, and community utilization. Central Square Inc fulfills its mission by hosting special events, thereby contributing to the growth and enrichment of the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65% (Two-Star out of Four Stars)
Central Square Inc has received a 65% rating from Charity Navigator, which classifies it as a Two-Star charity. This rating primarily reflects the organization's accountability and financial practices, with strong scores in several areas such as having a fully independent board and a high program expense ratio, indicating a focus on its mission-driven activities.
Despite these strengths, the organization has significant shortcomings in transparency and governance practices. It lacks essential policies like conflict of interest and whistleblower protections, and financial statements are not available, which raises concerns about its commitment to accountability. Additionally, the absence of board meeting minutes and a publicly accessible tax form on its website highlights the need for improved communication and documentation practices.
Overall, while Central Square Inc demonstrates a strong financial performance in specific metrics, its lack of transparency and governance measures detracts from its overall effectiveness as a nonprofit organization. Improvements in these areas could enhance its credibility and encourage greater public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Central Square Inc legitimate?
Central Square Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Square 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: $55,562
Professional Fundraising Fees: $0
Other Salaries and Wages: $152,417
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What is the mission statement of Central Square Inc?
Central Square Inc's mission is centered around bettering the community through civic improvement, education, and the promotion of various organizations. The primary objective of the organization is to manage and maintain facilities while overseeing programs designed for this purpose. Central Square Inc's activities extend beyond mere facility management, as it also develops and administers programs aimed at serving the community's needs. The organization's efforts are not limited to a specific field and can be utilized by various organizations within the community. To fulfill its mission, Central Square Inc hosts special events with a focus on community development and engagement.
Who is the CEO of Central Square Inc?
Cheryl Larson is the President of Central Square Inc.
What is the revenue of Central Square Inc?
Central Square Inc's revenue in 2022 was $1,084,923.
Who are the executives of Central Square Inc and what are their salaries?
There 25 volunteers at Central Square Inc.
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Where can I find the form 990 for Central Square Inc?
Central Square Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Central Square Inc
Central Square Inc, a nonprofit organization, is dedicated to supporting the arts in West Central Minnesota. Its mission is threefold: firstly, it aims to operate and maintain facilities; secondly, it focuses on developing and administering programs that contribute to civic betterment and education; and lastly, it strives to make these facilities and programs available for use by organizations within the community. Central Square Inc fulfills its mission by hosting special events, providing a platform for various organizations to engage in artistic and community-driven activities.
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Impact
July, 2024
Central Square Inc's impact lies in its unwavering support for the arts in West Central Minnesota. By operating and maintaining facilities and developing programs for civic betterment, education, and community use, Central Square plays a vital role in enhancing the cultural landscape of the region. Through hosting special events that fulfill its mission, Central Square creates opportunities for artistic expression and community engagement. Their commitment to promoting the arts contributes to the enrichment and vibrancy of Glenwood and its surrounding areas.
This information is meant to be a general summary of Central Square 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: $170
- Program Service Revenue: $85,969
- Gross Receipts: $1,084,923
Assets and Liabilities:
- Total Assets: $4,049,568
- Total Liabilities: $1,544,559
- Net Assets: $2,505,009
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPECIAL EVENTS
Revenue
$85,969
Organization Details
Principal Officer
Cheryl Larson
Main Address
105 2ND ST NE SUITE 111, GLENWOOD, MN, 56334
NTEE Category
Code: N31 - Recreation
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