Overview
What is Artspace Century Endowment Fund Inc?
Artspace Century Endowment Fund Inc is a nonprofit organization, specifically located at 65 West Town Square, Lima, Ohio 45801. Its primary goal is to provide financial support to ArtSpace Lima, a 501(c)3 entity. This funding is intended for the capital development and upkeep of ArtSpace Lima, with the additional aim of fostering the arts in the community. By investing in ArtSpace Lima, the Endowment Fund contributes to the preservation and promotion of artistic activities within its locality.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, Score: 73%)
The Artspace Century Endowment Fund Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. While the organization has a strong score in areas such as having a majority of independent board members and a solid liabilities-to-assets ratio, there are critical areas where it falls short. Specifically, the organization has not established key policies such as a conflict of interest policy and a whistleblower policy, which are vital for ensuring transparency and accountability.
Strengths of the organization include excellent performance in material diversion of assets and program expense ratio, which shows that funds are being utilized effectively for their intended programs. The board's independence and size are also commendable, suggesting a commitment to governance. However, the lack of a website presence for crucial documents like tax forms and meeting minutes may hinder potential donors' and stakeholders' ability to access important information about the organization.
Overall, while the Artspace Century Endowment Fund Inc has demonstrated strengths in certain governance aspects, significant gaps in transparency and policy implementation should be addressed to enhance trust and credibility among supporters and the general public.
This AI summary has been generated from information found on Charity Navigator.
Is Artspace Century Endowment Fund Inc legitimate?
Artspace Century Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Artspace Century Endowment Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Artspace Century Endowment Fund Inc?
The Artspace Century Endowment Fund Inc's mission is centered around supporting the capital development and maintenance of Artspace Lima, an artistic entity. Furthermore, the fund aims to foster and promote the arts within this context. Through its activities, it provides financial resources to Artspace Lima, which operates as a 501(c)3 organization. This commitment to the arts and its associated institution serves to enrich and stimulate cultural growth in an unspecified locale.
Who is the CEO of Artspace Century Endowment Fund Inc?
Fred Odum is the Trustee of Artspace Century Endowment Fund Inc.
What is the revenue of Artspace Century Endowment Fund Inc?
Artspace Century Endowment Fund Inc's revenue in 2022 was $23,424.
Who are the executives of Artspace Century Endowment Fund Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Artspace Century Endowment Fund Inc?
Artspace Century Endowment Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Artspace Century Endowment Fund Inc
Artspace Century Endowment Fund Inc, as a nonprofit entity, is dedicated to supporting the capital development and maintenance of Artspace Lima. The organization's primary mission is to foster and encourage the arts. By providing funds to ArtSpace Lima, a 501(c)3 organization, Artspace Century Endowment Fund Inc contributes to the preservation and enhancement of artistic spaces, thereby nurturing creativity and cultural expression in the community. This mission serves to encourage the growth and sustainability of the arts, contributing to a vibrant and culturally rich society.
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Impact
August, 2024
Artspace Century Endowment Fund Inc's impact revolves around the capital development and maintenance of Artspace Lima, aiming to support and encourage the arts in that city. By providing critical funds to Artspace Lima, this organization plays a crucial role in facilitating artistic creation and expression within the community. Through their efforts, Artspace Century Endowment Fund Inc contributes to the vibrancy and cultural richness of Lima, Ohio, forging connections and fostering artistic endeavors that benefit both artists and the public.
This information is meant to be a general summary of Artspace Century Endowment Fund 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $12,775
- Gross Receipts: $388,261
Assets and Liabilities:
- Total Assets: $1,635,290
- Total Liabilities: $0
- Net Assets: $1,635,290
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Organization Details
Founding Year
2005
Phone
(419) 222-1721Principal Officer
Fred Odum
Main Address
65 West Town Square, Lima, OH, 45801
NTEE Category
Code: A99 - Arts
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