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40 West Arts Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 452729060 ✦ Lakewood, CO ✦ Designated as a 501(c)(3)

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Overview

What is 40 West Arts Inc?

40 West Arts Inc is a nonprofit organization situated in Lakewood, Colorado, specifically at 6501 W Colfax Ave. Their primary mission is to invigorate Lakewood's historic West Colfax corridor, transforming it into a lively creative hub and memorable destination. They achieve this by establishing community arts spaces, organizing arts events, and fostering the growth of creative enterprises within the district. The organization values inclusivity and fosters artistic experimentation for both beginners and professionals, ultimately aiming to boost the cultural, economic, and physical vitality of the community. Since 2018, they have been offering the 40 West ArtLine, a 4-mile free outdoor arts experience that can be explored along sidewalks, bike paths, and local streets. This initiative was made possible through a major grant from the National Endowment for the Arts.

Is 40 West Arts Inc legitimate?

40 West Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 40 West Arts 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: $74,140
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of 40 West Arts Inc?

The mission of 40 West Arts Inc is centered around enriching communities and boosting the creative, cultural, and economic vitality of a specific district. Their primary goal is to transform a historic corridor into a lively and memorable creative hub. To achieve this, they establish community arts spaces, organize community arts events, and support various creative enterprises, experiences, and activities within the district. The organization values inclusivity and encourages artistic experimentation for both beginners and professionals, aiming to expand and strengthen the district's creative, cultural, entrepreneurial, economic, and physical vitality.

Who is the CEO of 40 West Arts Inc?

William P Marino is the Principal Officer of 40 West Arts Inc.

What is the revenue of 40 West Arts Inc?

40 West Arts Inc's revenue in 2022 was $565,906.

Who are the executives of 40 West Arts Inc and what are their salaries?

There 60 volunteers at 40 West Arts Inc.


Here are 7 key members and their salaries:


Dave Rein (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katja Walton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alexis Moore (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Liz Black (Pt Exec Director-Board Secretary)
  • Compensation: $24,000
  • Related: $0
  • Other: $0
William Marino (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Yoshida (Vice Chair And Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terra Marks (Gallery Manager)
  • Compensation: $19,000
  • Related: $0
  • Other: $0
Where can I find the form 990 for 40 West Arts Inc?

40 West Arts Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of 40 West Arts Inc

40 West Arts Inc is an organization committed to revitalizing Lakewood's West Colfax corridor, transforming it into a lively and memorable creative district. Their mission is twofold: firstly, they aim to enrich the community by fostering a vibrant artistic culture. This is achieved by establishing community arts spaces and organizing community arts events. Secondly, they support creative enterprises, experiences, and activities within the district. By doing so, they strive to enhance the economic vitality of the area, fostering a space that encourages artistic experimentation for both novice and professional artists alike. The organization values inclusivity and creativity, aiming to expand the cultural and entrepreneurial growth of the community.

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Impact




July, 2024

40 West Arts Inc has a direct, positive impact on an economically challenged and under-served community in Lakewood, Colorado through its arts and culture programming. This impact is felt through the promotion of creativity, community engagement, and economic revitalization within the area.




This information is meant to be a general summary of 40 West Arts 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.

Revenue
$565,906 (2022)
Expenses
$475,433 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $565,906

Assets and Liabilities:

  • Total Assets: $170,374
  • Total Liabilities: $0
  • Net Assets: $170,374

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Organization Details

Founding Year

2011

Principal Officer

William P Marino

Main Address

6501 W Colfax Ave, Lakewood, CO, 80214

NTEE Category

Code: A20 - Arts

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