Overview
What is Mainframe Studios?
Mainframe Studios is a financially self-sufficient nonprofit organization situated in Des Moines, Iowa. It boasts 180 affordable workspaces for individual artists and arts-related nonprofits, making it one of the largest such facilities in the nation. These studios cater to a high demand, with the organization operating at nearly full capacity and maintaining a waitlist of around 100 applicants. The revenue generated from these affordable rentals covers the organization's operating costs. Mainframe Studios also offers a 4650 square foot event space, which is rented out for various occasions such as weddings, conferences, and fundraisers. This nonprofit serves as a testament to the viability of investing in the arts sector, even during challenging times.
Official website here: www.mainframestudios.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Mainframe Studios has earned a Three-Star rating from Charity Navigator, reflecting a solid score of 81%. This rating is derived entirely from the organization’s accountability and finance practices, signaling a commitment to transparency and responsible financial stewardship. The high score indicates that the nonprofit effectively manages its resources, ensuring that a significant portion of its expenses directly support its programs.
The organization demonstrates strong governance, with an independent board composed entirely of members who do not have conflicts of interest. The board's structure and policies, such as the whistleblower and conflict of interest policies, are well-established, enhancing the organization's reliability. Additionally, Mainframe Studios shows impressive financial health, with a low liabilities-to-assets ratio and a strong program expense ratio of over 88%, indicating that the majority of funds are directed toward its mission.
While the overall rating is commendable, it is based solely on financial and accountability metrics, which may not fully capture the nonprofit's effectiveness in program delivery or community impact. Potential supporters may want to consider seeking more qualitative insights into the organization’s programs and outcomes to gain a complete understanding of its contributions to the community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Mainframe Studios?
98% of 44 reviewers on Facebook recommend Mainframe Studios. Here is a summary of their reviews:
Overall, people appreciate the vibrant artwork displayed throughout the facility, which creates a welcoming atmosphere. Many feel positively about the print shop, highlighting it as a valuable resource. However, there are calls for an increase in social dance classes and events, indicating a desire for more community activities.
The general sentiment reflects a strong endorsement of Mainframe Studios, with users enjoying the creative environment and seeking additional opportunities for social engagement.
This AI summary has been generated from reviews found on Facebook.
Is Mainframe Studios legitimate?
Mainframe Studios is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mainframe Studios 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: $132,000
For more financial information, click here
Official website here: www.mainframestudios.org
What is the mission statement of Mainframe Studios?
Mainframe Studios, functioning as a financially self-sustaining nonprofit, is dedicated to providing affordable workspaces to foster equity and opportunities in the arts community. With an impressive 180 nonresidential studios, Mainframe Studios claims to be the largest nonprofit art studio building in the nation. These studios cater to individual artists and arts-related nonprofits, promoting a thriving creative environment. Mainframe Studios operates at high occupancy and maintains a waitlist of around 100 applicants, generating sufficient revenue through affordable rents to cover operating costs. Additionally, the organization offers a 4650 square foot event space for various functions, such as weddings, conferences, and fundraisers, generating additional income. Mainframe Studios serves as a beacon, demonstrating the potential of investing in the creative economy, even during challenging times.
Official website here: www.mainframestudios.org
Who is the CEO of Mainframe Studios?
Justin Mandelbaum is the President of Mainframe Studios.
Official website here: www.mainframestudios.org
What is the revenue of Mainframe Studios?
Mainframe Studios's revenue in 2022 was $3,251,639.
Official website here: www.mainframestudios.org
Who are the executives of Mainframe Studios and what are their salaries?
The average compensation at Mainframe Studios during 2022 was $44,000. There are 3 employees and 25 volunteers at Mainframe Studios.
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Official website here: www.mainframestudios.org
Where can I find the form 990 for Mainframe Studios?
Mainframe Studios's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mainframestudios.org
Learn more at the official website: www.mainframestudios.org
Mission Statement of Mainframe Studios
Mainframe Studios, a financially self-sustaining nonprofit organization, is dedicated to promoting equity and opportunities in the arts sector. It achieves this mission by offering 180 nonresidential studios, believed to be the largest number in a nonprofit art studio building nationwide. This nonprofit is committed to providing these studios at affordable prices, catering to individual artists and arts-related nonprofits. By doing so, Mainframe Studios not only provides a space for creative expression but also contributes to the advancement of the arts community as a whole. The revenue generated through affordable rents is sufficient to cover the operating costs, demonstrating the potential of investing in the creative economy even in challenging times.
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Impact
July, 2024
Mainframe Studios is making a significant impact by providing affordable workspaces to support artists and arts-related nonprofits. With 180 nonresidential studios, Mainframe is demonstrating the viability of investing in the creative economy. By operating at nearly full occupancy and maintaining a waitlist of around 100 applicants, Mainframe is contributing to the growth and sustainability of the arts community in Des Moines. Additionally, the organization's event space allows for various gatherings and functions, further promoting engagement with the arts. Mainframe Studios is a beacon of success, showcasing how supporting artists and creativity can thrive even in challenging times.
This information is meant to be a general summary of Mainframe Studios. 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.
- Investment Income: $1,072
- Program Service Revenue: $921,943
- Gross Receipts: $3,252,749
Assets and Liabilities:
- Total Assets: $10,836,605
- Total Liabilities: $481,289
- Net Assets: $10,355,316
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Studio Rental
Revenue
$886,790
Event Space Rental
Revenue
$35,153
Organization Details
Founding Year
2012
Phone
(515) 216-4253Principal Officer
Justin Mandelbaum
Main Address
900 KEOSAUQUA WAY, DES MOINES, IA, 50309
Website
www.mainframestudios.orgNTEE Category
Code: A99 - Arts
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