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The Tank Center For Sonic Arts Inc

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

EIN: 455620412 ✦ Rangely, CO ✦ Designated as a 501(c)(3)

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Overview

What is The Tank Center For Sonic Arts Inc?

The Tank Center for Sonic Arts Inc is a nonprofit organization committed to fostering an understanding of music and community events. As an arts and cultural entity, they accomplish this mission through various programs, focusing on music education and entertainment. Their primary goal is to educate and engage the community, acting as a hub for musical exploration and cultural enrichment.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 73%)

The Tank Center For Sonic Arts Inc has received a two-star rating from Charity Navigator, indicating that there are areas for improvement within the organization. While the nonprofit displays strong accountability metrics, such as a fully independent board and a robust program expense ratio of 82.18%, it has notable gaps in essential governance policies.

Strengths of the organization include perfect scores in board independence and financial management, with a minimal liabilities-to-assets ratio of 4.18%. However, the lack of critical policies like a conflict of interest policy and a whistleblower policy raises concerns about its governance framework. Additionally, the charity's failure to disclose its tax form on its website further detracts from its accountability.

Overall, while The Tank Center For Sonic Arts Inc shows promise in financial management and board structure, the missing policies and disclosures point to significant areas needing improvement. Addressing these issues could enhance the nonprofit's operational integrity and public trust.


This AI summary has been generated from information found on Charity Navigator.

Is The Tank Center For Sonic Arts Inc legitimate?

The Tank Center For Sonic Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Tank Center For Sonic 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: $60,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,336

For more financial information, click here

What is the mission statement of The Tank Center For Sonic Arts Inc?

The Tank Center for Sonic Arts Inc. is committed to promoting education in music and community music events. They achieve this mission through their programs, which encompass music instruction and entertainment. As an arts and cultural organization, The Tank Center for Sonic Arts strives to fulfill its mission by providing opportunities for individuals to engage with music and their community. The organization's programs aim to foster a deeper understanding and appreciation of music, fostering a sense of unity and shared experiences within the community.

Who is the CEO of The Tank Center For Sonic Arts Inc?

Lisa Hatch is the Treasurer of The Tank Center For Sonic Arts Inc.

What is the revenue of The Tank Center For Sonic Arts Inc?

The Tank Center For Sonic Arts Inc's revenue in 2022 was $112,078.

Who are the executives of The Tank Center For Sonic Arts Inc and what are their salaries?

The average compensation at The Tank Center For Sonic Arts Inc during 2022 was $18,834. There are 4 employees and 10 volunteers at The Tank Center For Sonic Arts Inc.


Here are 15 key members and their salaries:


Lisa Hatch (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Odland (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeremiah Moore (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Ballou (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Wasinger (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandy Brown (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Foster Brasher (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Keith (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Zadra (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Lewis (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sue Samaniego (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Schwartz (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sherry Finzer (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Gondrez (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lois Lafond (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for The Tank Center For Sonic Arts Inc?

The Tank Center For Sonic Arts Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of The Tank Center For Sonic Arts Inc

The Tank Center for Sonic Arts Inc, as an arts and cultural organization, is dedicated to educating individuals about music and community music events. They accomplish this mission through various programs, which primarily focus on music education and entertainment. The organization aims to fulfill its purpose by providing engaging and informative opportunities for individuals to engage with music and participate in community events. By offering these programs, The Tank Center for Sonic Arts Inc works towards promoting a deeper understanding and appreciation for music within the community.

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Impact




October, 2024

The Tank Center for Sonic Arts Inc significantly enhances the cultural landscape of Rangely, Colorado, by providing comprehensive music education and fostering community engagement through various musical events. By focusing on music as a tool for education and entertainment, The Tank Center cultivates an appreciation for the arts, allowing individuals to explore their creativity and express themselves through sound.

The Center's programs not only enrich the local community with diverse musical experiences, but they also promote health and well-being through artistic expression, creating a vibrant and cohesive environment. Through its commitment to music education, The Tank Center empowers participants of all ages to develop skills, build confidence, and connect with others, thereby strengthening community ties and encouraging collaboration among residents. Overall, its impact resonates beyond music, playing a vital role in enhancing the social and cultural fabric of Rangely.




This information is meant to be a general summary of The Tank Center For Sonic 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
$112,078 (2022)
Expenses
$110,612 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $863
  • Program Service Revenue: $11,125
  • Gross Receipts: $112,078

Assets and Liabilities:

  • Total Assets: $90,625
  • Total Liabilities: $2,214
  • Net Assets: $88,411

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Organization Details

Founding Year

2015

Principal Officer

Lisa Hatch

Main Address

233 COUNTY RD 46, RANGELY, CO, 81648

NTEE Category

Code: E60 - Health

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