Overview
What is Community Art Stabilization Trust?
The Community Art Stabilization Trust is a nonprofit organization based in San Francisco, California, specifically at 447 Minna St 4th Floor, CA 94103. Their main mission is to provide stable physical spaces for arts and cultural organizations through property purchases or long-term leasing. This nonprofit aims to support low-income communities by facilitating equitable urban transformation. They also implement initiatives to enhance the knowledge and capability of arts organizations, helping them make informed decisions regarding real estate matters. The Keeping Space - Oakland program is one of their initiatives, offering technical assistance, networking opportunities, research, and limited re-granting funds to aid arts organizations in finding, securing, and managing long-term real estate projects. The organization currently employs 12 individuals.
Official website here: www.cast-sf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Stars
The Community Art Stabilization Trust has achieved an impressive score of 88%, reflecting strong performance in accountability and finance. This rating is based entirely on their commitment to financial transparency and governance, which is essential for maintaining trust among stakeholders and donors. Their effective management is indicated by the high marks in areas such as independent board membership and the absence of material asset diversion.
Strengths of the organization include a fully independent board and diligent financial oversight, contributing to a solid program expense ratio of nearly 73%. This suggests that the majority of their funds are allocated directly to their programs, which is a positive sign of their operational efficiency. Additionally, they have implemented thorough policies regarding conflict of interest and document retention, further underscoring their commitment to accountability.
However, there are some areas for improvement, particularly the absence of a whistleblower policy, which received a score of zero out of four. Addressing this gap could enhance their governance framework and provide additional protection for employees and stakeholders. Overall, the Community Art Stabilization Trust demonstrates a strong commitment to ethical management and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Community Art Stabilization Trust legitimate?
Community Art Stabilization Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Art Stabilization Trust 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: $787,877
Professional Fundraising Fees: $0
Other Salaries and Wages: $595,357
For more financial information, click here
Official website here: www.cast-sf.org
What is the mission statement of Community Art Stabilization Trust?
The Community Art Stabilization Trust's mission is centered around creating stable physical spaces for arts and cultural organizations. This mission aims to facilitate equitable urban transformation. By purchasing and leasing properties exclusively for nonprofit arts organizations serving low-income communities, the trust provides these organizations with a stable environment to thrive. The trust also implements complementary initiatives to build the knowledge and capability of arts organizations, enabling them to make informed decisions regarding real estate matters. One such initiative is the Keeping Space - Oakland program, which offers technical assistance, networking opportunities, research, and limited re-granting funds to support arts organizations in finding, securing, and managing long-term real estate projects.
Official website here: www.cast-sf.org
Who is the CEO of Community Art Stabilization Trust?
Kiyoshi Ikeda is the Director of Community Art Stabilization Trust. The CEO's salary of Community Art Stabilization Trust is $270,019 and their total compensation is $272,869.
Official website here: www.cast-sf.org
What is the revenue of Community Art Stabilization Trust?
Community Art Stabilization Trust's revenue in 2022 was $1,285,415.
Official website here: www.cast-sf.org
Who are the executives of Community Art Stabilization Trust and what are their salaries?
The average compensation at Community Art Stabilization Trust during 2022 was $115,270. There are 12 employees at Community Art Stabilization Trust.
Here are 9 key members and their salaries (Community Art Stabilization Trust's CEO's salary is $270,019 and their total compensation is $272,869):
- 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: $0
- Other: $0
- Compensation: $270,019
- Related: $0
- Other: $2,850
- Compensation: $156,590
- Related: $0
- Other: $3,410
- Compensation: $148,618
- Related: $0
- Other: $13,167
- Compensation: $192,773
- Related: $0
- Other: $450
Official website here: www.cast-sf.org
Where can I find the form 990 for Community Art Stabilization Trust?
Community Art Stabilization Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cast-sf.org
Learn more at the official website: www.cast-sf.org
Mission Statement of Community Art Stabilization Trust
The Community Art Stabilization Trust is dedicated to a mission of creating stable physical spaces for arts and cultural organizations. This nonprofit entity aims to facilitate equitable urban transformation by purchasing or leasing properties exclusively for these organizations serving low-income communities. By providing these stable spaces, the Trust seeks to support the long-term growth and success of these arts organizations, enabling them to continue their essential work in their respective communities.
To achieve its mission, the Community Art Stabilization Trust implements initiatives that build the knowledge and capability of arts organizations. One such initiative is the Keeping Space - Oakland program, which offers technical assistance, networking opportunities, research, and limited re-granting funds to help arts organizations find, secure, and manage long-term real estate projects. This comprehensive approach to supporting arts organizations in their real estate endeavors helps ensure that they can make informed decisions and sustain their operations in the long term. Overall, the Community Art Stabilization Trust's mission is to create a supportive environment where arts and cultural organizations can thrive, contributing to the vitality and diversity of their communities.
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Impact
July, 2024
Community Art Stabilization Trust's impact can be seen in its work to create stable physical spaces for arts and cultural organizations serving low-income communities. By purchasing and leasing space exclusively for these organizations, CAST helps facilitate equitable urban transformation. Through initiatives like the Keeping Space - Oakland program, they provide technical assistance, networking opportunities, research, and limited re-granting funds to support arts organizations in finding, securing, and managing long-term real estate projects. By building knowledge and capability within the arts community, CAST enables thoughtful, informed decisions regarding real estate matters, ultimately supporting the sustainability and growth of arts organizations in underserved areas.
This information is meant to be a general summary of Community Art Stabilization Trust. 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: $334,181
- Program Service Revenue: $199,434
- Gross Receipts: $1,285,415
Assets and Liabilities:
- Total Assets: $33,509,608
- Total Liabilities: $4,477,758
- Net Assets: $29,031,850
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$113,941
REIMBURSEMENT INCOME
Revenue
$85,493
Organization Details
Founding Year
2013
Phone
(415) 556-9888Principal Officer
Kiyoshi Ikeda
Main Address
447 MINNA ST 4TH FLOOR, SAN FRANCISCO, CA, 94103
Website
www.cast-sf.orgNTEE Category
Code: P20 - Human services
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