Overview
What is Culturetrust Greater Philadelphia?
Culturetrust Greater Philadelphia is a charitable trust established in October 2013, located in Philadelphia, Pennsylvania. Its primary mission is to offer affordable back-office support to various arts and heritage projects without their own non-profit status, or existing organizations seeking to enhance management capacity while reducing costs on insurance and back-office expenses. The trust directly manages and administers programs and organizations working in diverse disciplines and cultural traditions, including fine and performing arts, journalism, design, and creative practices. With a board-approved mission to serve as a charitable home and provide shared management resources, Culturetrust Greater Philadelphia supports a diverse range of arts and heritage programs in the Philadelphia area. The trust currently employs 104 individuals.
Official website here: www.culturetrustphila.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
Culturetrust Greater Philadelphia has received an impressive Four-Star rating from Charity Navigator, highlighting its strong commitment to accountability and financial health. With a 97 out of 100 score in Accountability & Finance, the organization demonstrates robust financial oversight and governance practices, including complete independence among board members and effective audit processes.
The organization excels in its constituent feedback mechanisms, achieving a perfect score in feedback collection and usage, which reflects its dedication to community engagement and responsiveness to stakeholder needs. Additionally, its program expense ratio of nearly 74% indicates a strong focus on directing resources toward its mission rather than administrative costs.
While the nonprofit shows strengths in equity strategies, there is room for improvement in its collection of equity data, as it scored lower in this area. Overall, Culturetrust Greater Philadelphia showcases solid financial management and community-oriented practices, contributing positively to the cultural landscape of the region.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Culturetrust Greater Philadelphia?
90% of reviewers on Facebook recommend CultureTrust Greater Philadelphia. Here is a summary of their reviews:
Many supporters express enthusiasm for the organization's mission and appreciate its efforts in supporting the local arts and culture community. The positive sentiment highlights a sense of pride in the initiatives CultureTrust promotes, with users feeling that it effectively contributes to cultural enrichment in the region.
Overall, the community seems to value the nonprofit's commitment to fostering creativity and collaboration, leading to a favorable view of its impact on both individual artists and the broader cultural landscape.
This AI summary has been generated from reviews found on Facebook.
Is Culturetrust Greater Philadelphia legitimate?
Culturetrust Greater Philadelphia is a legitimate nonprofit organization registered as a 501(c)(3) entity. Culturetrust Greater Philadelphia 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: $2,543,756
For more financial information, click here
Official website here: www.culturetrustphila.org
What is the mission statement of Culturetrust Greater Philadelphia?
CultureTrust Greater Philadelphia serves as a charitable home, providing affordable shared management resources to various arts and heritage programs. These programs span across diverse disciplines and cultural traditions. The organization's mission is to offer back-office support to charitable projects lacking non-profit status, as well as existing organizations looking to enhance their management capacity while reducing costs on insurance and back-office expenses. The Trust directly manages and administers projects and organizations working in the fine and performing arts, heritage, humanities, journalism, design, and creative practices, all with the aim of providing a charitable home and cost-effective shared management resources.
Official website here: www.culturetrustphila.org
Who is the CEO of Culturetrust Greater Philadelphia?
Mark Comerota is the President of Culturetrust Greater Philadelphia.
Official website here: www.culturetrustphila.org
What is the revenue of Culturetrust Greater Philadelphia?
Culturetrust Greater Philadelphia's revenue in 2022 was $4,320,845.
Official website here: www.culturetrustphila.org
Who are the executives of Culturetrust Greater Philadelphia and what are their salaries?
The average compensation at Culturetrust Greater Philadelphia during 2022 was $24,459. There are 104 employees and 50 volunteers at Culturetrust Greater Philadelphia.
Here are 7 key members and their salaries:
- 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: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.culturetrustphila.org
Where can I find the form 990 for Culturetrust Greater Philadelphia?
Culturetrust Greater Philadelphia's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.culturetrustphila.org
Learn more at the official website: www.culturetrustphila.org
Mission Statement of Culturetrust Greater Philadelphia
Culturetrust Greater Philadelphia, as an independent charitable trust, serves as a generous home and offers affordable shared management resources to a diverse range of arts and heritage programs. With a mission deeply rooted in cultural diversity and various disciplines, this organization provides a charitable space for projects and organizations working in the realms of fine and performing arts, heritage, humanities, journalism, design, and creative practices. By offering back-office resources to charitable projects lacking their own non-profit status, or existing organizations aiming to increase management capacity while reducing costs on insurance and back-office expenses, Culturetrust Greater Philadelphia plays a pivotal role in supporting the thriving and sustainable growth of these vital cultural initiatives.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Culturetrust Greater Philadelphia's impact is evident in its provision of affordable back-office resources to charitable projects within the arts and heritage sectors. By offering shared management resources, the organization enables these programs to increase their management capacity while reducing costs associated with insurance and back-office expenses. This support not only helps sustain and strengthen these cultural initiatives but also contributes to the preservation and promotion of diverse artistic disciplines and cultural traditions in the Philadelphia area.
This information is meant to be a general summary of Culturetrust Greater Philadelphia. 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: $653,185
- Gross Receipts: $4,320,845
Assets and Liabilities:
- Total Assets: $4,021,484
- Total Liabilities: $664,274
- Net Assets: $3,357,210
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROFESSIONAL FEES
Revenue
$330,894
OTHER INCOME
Revenue
$198,741
ADMISSION SALES
Revenue
$123,550
Organization Details
Founding Year
2013
Phone
(267) 875-3312Principal Officer
Mark Comerota
Main Address
1315 WALNUT STREET 320, PHILADELPHIA, PA, 19107
Website
www.culturetrustphila.orgNTEE Category
Code: A02 - Arts
If you are a representative of Culturetrust Greater Philadelphia and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.