Overview
What is Twelfth Avenue Arts Association?
The Twelfth Avenue Arts Association, situated in Seattle, Washington, is a nonprofit organization. Its primary role includes owning and managing commercial and garage spaces within an 88-unit affordable housing apartment building. Beyond this, the association offers performance spaces for the arts and public community meeting areas. The organization's purpose is to support and aid Community Roots Housing, a different nonprofit, by securing beneficial financing. This financial assistance aims to bolster and enrich the Capitol Hill community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
Twelfth Avenue Arts Association has been rated highly by Charity Navigator, achieving a Four-Star rating with an impressive overall score of 94%. This score is exclusively based on their Accountability & Finance metrics, highlighting the organization’s strong commitment to financial transparency and responsible governance. The high rating indicates that the donor funds are managed effectively, ensuring maximum impact in their programs.
One of the standout strengths of Twelfth Avenue Arts Association is its governance structure, with a 100% independent board, which signifies an absence of conflicts of interest and a dedicated approach to oversight. The organization also scores full points in various categories such as their audit and oversight committee, conflict of interest policy, and whistleblower policy, demonstrating a robust framework for accountability and ethical management.
The financial health of the organization is reflected in its remarkably high program expense ratio of 97.14%, indicating that the majority of its resources are directed towards fulfilling its mission rather than administrative costs. With a liabilities to assets ratio of 20%, the organization appears to have a solid financial footing, which positions it well for future sustainability and program delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Twelfth Avenue Arts Association legitimate?
Twelfth Avenue Arts Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Twelfth Avenue Arts Association 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $296
For more financial information, click here
What is the mission statement of Twelfth Avenue Arts Association?
The Twelfth Avenue Arts Association is dedicated to supporting and aiding in the mission of Community Roots Housing. They achieve this by securing beneficial financing, aiming to strengthen and enrich the community in Capitol Hill. The organization manages commercial and garage spaces within an 88-unit affordable housing apartment building. Moreover, Twelfth Avenue Arts Association offers performance spaces for the arts and provides public meeting spaces for the community.
Who is the CEO of Twelfth Avenue Arts Association?
Christopher Persons is the President of Twelfth Avenue Arts Association. The CEO's salary of Twelfth Avenue Arts Association is $0 and their total compensation is $249,347.
What is the revenue of Twelfth Avenue Arts Association?
Twelfth Avenue Arts Association's revenue in 2022 was $1,120,401.
Who are the executives of Twelfth Avenue Arts Association and what are their salaries?
There 4 volunteers at Twelfth Avenue Arts Association.
Here are 6 key members and their salaries (Twelfth Avenue Arts Association's CEO's salary is $0 and their total compensation is $249,347):
- 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: $0
- Related: $230,822
- Other: $18,525
- Compensation: $0
- Related: $151,888
- Other: $16,203
Where can I find the form 990 for Twelfth Avenue Arts Association?
Twelfth Avenue Arts Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Twelfth Avenue Arts Association
The Twelfth Avenue Arts Association plays a crucial role in supporting and aiding the mission of Community Roots Housing. Their primary objective is to secure advantageous financing, which in turn serves to strengthen and enrich the Capitol Hill community. The organization accomplishes this by managing and operating the commercial and garage spaces within an 88-unit affordable housing apartment building. Additionally, Twelfth Avenue Arts Association extends its reach by providing performance venues for the arts and offering public community meeting spaces. Through these initiatives, the association contributes to the vibrancy and enhancement of the Capitol Hill community.
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Impact
July, 2024
Twelfth Avenue Arts Association plays a crucial role in supporting and enriching the Capitol Hill community in Seattle, Washington. The organization's ownership and operation of commercial and garage space within an 88-unit affordable housing apartment building not only provide necessary amenities but also offer performance space for the arts and public community meeting spaces. By facilitating access to beneficial financing and fostering a vibrant cultural hub, Twelfth Avenue Arts Association contributes significantly to the vitality and cohesion of the local community.
This information is meant to be a general summary of Twelfth Avenue Arts Association. 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.
- Program Service Revenue: $1,120,401
- Gross Receipts: $1,120,401
Assets and Liabilities:
- Total Assets: $18,282,498
- Total Liabilities: $3,657,072
- Net Assets: $14,625,426
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,120,401
Organization Details
Founding Year
2012
Phone
(206) 329-7303Principal Officer
Christopher Persons
Main Address
1620 12TH AVENUE 205, SEATTLE, WA, 98122
NTEE Category
Code: A25 - Arts
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