Overview
What is Baltimore Arts Realty Corporation?
Baltimore Arts Realty Corporation is a 501(c)(3) nonprofit organization, headquartered in Baltimore, Maryland. Established with a mission to support artists and small arts organizations, the corporation acquires, develops, manages, and leases real estate in economically marginal or commercially undervalued areas of the city. In 2013, they expanded their operations by purchasing two properties for future use, aiming to lease space at significantly lower rates than comparable commercial properties. Currently, these buildings are operational and serve this purpose. With a workforce of 16 individuals, Baltimore Arts Realty Corporation has become a vital resource for the local arts community in Baltimore.
Official website here: www.baltimoreartsrealty.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 87% (Three-Star out of Four Star rating)
The Baltimore Arts Realty Corporation has achieved an 87% rating, reflecting a strong performance in accountability and finance. This score indicates the organization is effectively managing its resources, with a high percentage of independent board members and a solid financial oversight structure. Notably, the organization has no material diversion of assets, showcasing its commitment to transparency and ethical management.
Despite its strengths, the organization has some areas for improvement. It is missing key policies such as a whistleblower policy and document retention and destruction policy, which are important for governance and accountability. Additionally, the tax form is not posted on the nonprofit's website, which could limit access to financial information for stakeholders.
On a positive note, the Baltimore Arts Realty Corporation maintains a healthy program expense ratio, with a significant portion of its budget directed towards its programs. The organization is largely independent in its governance, which adds credibility to its operations. Overall, while there are some governance policies that need to be addressed, the organization demonstrates a commitment to financial responsibility and operational transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Baltimore Arts Realty Corporation legitimate?
Baltimore Arts Realty Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baltimore Arts Realty Corporation 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: $75,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $302,698
For more financial information, click here
Official website here: www.baltimoreartsrealty.com
What is the mission statement of Baltimore Arts Realty Corporation?
The Baltimore Arts Realty Corporation is a non-profit organization, established with a 501(c)(3) status, dedicated to acquiring, developing, managing, and leasing real estate to support artists and small arts organizations. The corporation's primary focus is on areas of the city that are economically marginal or commercially undervalued, with the aim of serving this community during the acquisition and development of property in these areas. The mission of Baltimore Arts Realty Corporation is to contribute to the artistic community by providing them with the necessary real estate resources, thereby fostering artistic growth and development in economically challenging areas.
Official website here: www.baltimoreartsrealty.com
Who is the CEO of Baltimore Arts Realty Corporation?
Leon F Pinkett Iii is the Director of Baltimore Arts Realty Corporation.
Official website here: www.baltimoreartsrealty.com
What is the revenue of Baltimore Arts Realty Corporation?
Baltimore Arts Realty Corporation's revenue in 2022 was $4,113,017.
Official website here: www.baltimoreartsrealty.com
Who are the executives of Baltimore Arts Realty Corporation and what are their salaries?
The average compensation at Baltimore Arts Realty Corporation during 2022 was $23,606. There are 16 employees and 7 volunteers at Baltimore Arts Realty Corporation.
Here are 8 key members and their salaries:
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- Compensation: $75,000
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Official website here: www.baltimoreartsrealty.com
Where can I find the form 990 for Baltimore Arts Realty Corporation?
Baltimore Arts Realty Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.baltimoreartsrealty.com
Learn more at the official website: www.baltimoreartsrealty.com
Mission Statement of Baltimore Arts Realty Corporation
Baltimore Arts Realty Corporation, as a 501(c)(3) organization, was established with a mission to serve artists and small arts organizations in Baltimore. The corporation's primary focus is on acquiring, developing, managing, and leasing real estate in economically marginal or commercially undervalued areas of the city. By operating in these areas, Baltimore Arts Realty Corporation aims to support these artistic communities and provide them with the necessary resources to thrive. This non-profit corporation's mission is crucial in revitalizing underdeveloped areas of the city, making it an essential player in Baltimore's cultural scene.
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Impact
July, 2024
The Baltimore Arts Realty Corporation has a significant impact on the arts community in Baltimore. By acquiring, developing, managing, and leasing real estate specifically for artists and small arts organizations, they provide much-needed affordable space for creative individuals and groups. Their focus on economically marginal or undervalued areas of the city helps to revitalize these communities and promote the arts as a catalyst for positive change. Through their efforts, the organization plays a crucial role in supporting and nurturing Baltimore's vibrant arts scene.
This information is meant to be a general summary of Baltimore Arts Realty Corporation. 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.
- Gross Receipts: $5,085,652
Assets and Liabilities:
- Total Assets: $15,490,869
- Total Liabilities: $261,521
- Net Assets: $15,229,348
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Organization Details
Founding Year
2012
Phone
(443) 275-2174Principal Officer
Leon F Pinkett Iii
Main Address
2519 NORTH CHARLES STREET, BALTIMORE, MD, 212184602
Website
www.baltimoreartsrealty.comNTEE Category
Code: S31 - Community improvement
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