Overview
What is Arconet?
Arconet is a nonprofit organization based in Lansdale, Pennsylvania, with a primary focus on empowering children and youth through artistic, musical, educational, cultural, and social activities. The organization dedicates over 70% of its resources towards improving and expanding its programs, providing opportunities for students to work with renowned musicians and educators. Arconet's programs include private lessons, orchestras, boot camps, recitals, junior ensembles, and international festivals. These events aim to engage the community, with a significant number of performances taking place at local venues like the Public Library of Philadelphia and Aclamo Community Center. The organization also conducts outreach programs, encouraging young musicians to perform at retirement homes and disadvantaged areas, promoting social action and community development.
Official website here: www.arconetwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
Arconet has received a Three-Star rating from Charity Navigator, reflecting a score of 76% based primarily on its accountability and finance practices. The organization demonstrates strong governance with 62% of its board members being independent, and it has not experienced any material diversion of assets. Additionally, its program expense ratio of 70.77% indicates a solid commitment to spending on its programs relative to overall expenses.
However, there are notable areas for improvement. Arconet lacks key policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are essential for ensuring transparency and accountability. While the organization maintains good practices in other areas, addressing these missing policies would enhance its overall governance and trustworthiness.
Despite these limitations, Arconet shows a positive financial health profile, with a liabilities to assets ratio of 30.77%, suggesting that it is managing its financial obligations effectively. Overall, while there are opportunities for improvement in policy development, Arconet remains a relatively stable organization committed to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Arconet legitimate?
Arconet is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arconet 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: $69,973
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.arconetwork.org
What is the mission statement of Arconet?
Arconet's mission is centered around promoting the practice, education, and participation of music and arts as a means of social action and community development. The organization strives to provide ample opportunities for children and youth in their community to engage in artistic, musical, educational, cultural, and social activities. They offer private lessons and orchestra programs, where students perform for the community during events such as holiday concerts and recitals. Arconet's outreach program includes charitable activities that improve the quality of life for both performers and their audience. Their students often perform at various locations, including retirement homes and disadvantaged communities, to engage and inspire their audience.
Official website here: www.arconetwork.org
Who is the CEO of Arconet?
Alfredo Perez is the President And Artistic Dir of Arconet.
Official website here: www.arconetwork.org
What is the revenue of Arconet?
Arconet's revenue in 2023 was $204,125.
Official website here: www.arconetwork.org
Who are the executives of Arconet and what are their salaries?
The average compensation at Arconet during 2023 was $34,986. There are 2 employees and 15 volunteers at Arconet.
Here are 8 key members and their salaries:
- Compensation: $40,156
- Related: $0
- Other: $0
- Compensation: $2,750
- Related: $0
- Other: $0
- Compensation: $27,629
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $10,080
- Related: $0
- Other: $0
Official website here: www.arconetwork.org
Where can I find the form 990 for Arconet?
Arconet's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.arconetwork.org
Learn more at the official website: www.arconetwork.org
Mission Statement of Arconet
Arconet, a nonprofit organization, is dedicated to promoting the practice, education, and participation of music and arts as a means of social action and community development. Their mission is to empower children and youth within their community by providing ample opportunities for artistic, musical, educational, cultural, and social activities. Arconet's programs and projects are primarily funded with more than 70% of their resources, and they work in collaboration with renowned musicians and educators from around the globe. The organization's students regularly perform for the community during holiday concerts, spring and fall recitals, reaching thousands of community members annually.
In addition to lessons and orchestra programs, Arconet offers outreach programs that aim to improve the quality of life for both performers and their audience. Through partnerships with organizations such as the Neighborhood Notes Program, Philadelphia Public Library, and Aclamo Community Center, Arconet's students and faculty perform in disadvantaged areas and retirement homes. Their performances have a significant impact, engaging and inspiring community members and providing valuable performance opportunities for their students. Overall, Arconet's mission is to harness the power of music and arts for social change and to empower the youth within their community.
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Impact
October, 2024
Arconet significantly impacts the community by fostering participation and education in music and the arts as tools for social action and community development. Their various programs provide vital opportunities for children and youth, empowering them through artistic, musical, educational, cultural, and social activities. In the past year, over 180 students showcased their talents during community performances that reached more than 1,000 attendees, highlighting the organization’s role in enhancing local cultural engagement.
Through outreach initiatives, Arconet promotes a sense of community by ensuring that young musicians perform in underserved areas and retirement homes, bridging generational gaps and providing entertainment that enhances quality of life. This commitment to accessible artistic engagement is evident in partnerships with local entities like the Philadelphia Public Library and the ACLAMO Community Center.
The breadth of programming—from private lessons to orchestral participation—demonstrates Arconet's dedication to music education, as reflected in their substantial enrollment numbers throughout various semesters and special events. Activities like winter and summer boot camps, recitals, and festivals not only cultivate individual talent but also create communal experiences that unite diverse audiences through the universal language of music. Overall, Arconet's efforts cultivate a vibrant cultural landscape, inspiring future generations of artists and enriching the lives of those in the community.
This information is meant to be a general summary of Arconet. 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: $8
- Program Service Revenue: $203,923
- Gross Receipts: $204,125
Assets and Liabilities:
- Total Assets: $14,786
- Total Liabilities: $4,550
- Net Assets: $10,236
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONCERT AND LESSON REV
Revenue
$203,923
Organization Details
Founding Year
2012
Phone
(267) 640-6287Principal Officer
Alfredo Perez
Main Address
406 DYLAN DR, LANSDALE, PA, 19446
Website
www.arconetwork.orgNTEE Category
Code: A6E - Arts
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