Overview
What is Chatham Creative Arts Incubator Inc?
Chatham Creative Arts Incubator Inc, situated in Siler City, North Carolina, is a small-scale nonprofit organization. Their primary mission is to foster an artistic community, offering affordable studio and workshop spaces to both budding and established artists and art businesses. They also serve as a low-cost market outlet for artists to showcase their work. Additionally, the organization provides meeting space to local organizations, supporting their artistic endeavors. The incubator's activity or mission is centered around art support services and education, aiming to create a self-sustaining arts community. This community offers new and emerging artists the opportunity to create art, access shared resources, and benefit from ongoing support and training opportunities. The incubator also partners with other organizations to nurture artists in the development of viable businesses, contributing to economic growth in the historic downtown Siler City, North Carolina.
Official website here: www.ncartsincubator.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
Chatham Creative Arts Incubator Inc has earned an 83% rating on Charity Navigator, indicating strong performance in accountability and finance. The organization boasts a high score for having a majority of independent board members and a solid board size, which contributes positively to its governance structure. Additionally, it shows an impressive program expense ratio of 96.73%, suggesting that a significant portion of its resources is allocated directly to its programs.
However, there are some notable limitations in the organization’s policies. It lacks a whistleblower policy and a document retention and destruction policy, both of which are critical for comprehensive governance and transparency. This absence has impacted its overall score in accountability, underscoring areas for improvement to enhance its operational integrity.
Despite these shortcomings, Chatham Creative Arts Incubator Inc appears to maintain a responsible approach to financial management and program delivery. The organization is committed to its mission, as evidenced by its efforts to ensure that the majority of its funds are used effectively for its core activities. Addressing the noted policy gaps could further strengthen its accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Chatham Creative Arts Incubator Inc?
68% of reviewers on Facebook recommend Chatham Creative Arts Incubator Inc. Here's what people are saying:
Many respondents appreciate the organization's dedication to supporting the arts and fostering community connections. One user expressed their admiration for how the organization brings art to the public, highlighting the positive impact it has on enhancing community engagement.
While the overall recommendation rate is relatively moderate, the enthusiasm from some users indicates that Chatham Creative Arts Incubator Inc makes a meaningful contribution to the local arts scene. There is a sense of appreciation for the initiatives they undertake to enrich the cultural landscape in the area.
This AI summary has been generated from reviews found on Facebook.
Is Chatham Creative Arts Incubator Inc legitimate?
Chatham Creative Arts Incubator Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chatham Creative Arts Incubator 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: $10,992
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ncartsincubator.org
What is the mission statement of Chatham Creative Arts Incubator Inc?
The mission of Chatham Creative Arts Incubator Inc is to establish a self-sufficient artistic community. This community provides new and emerging artists with the necessary resources and space to create art, including shared facilities and ongoing support and training opportunities. The organization also collaborates with others to nurture artists in their pursuit of viable businesses, ultimately contributing to economic development. The Incubator aims to provide a platform for artists to showcase their work and grow their businesses, fostering a thriving artistic community.
Official website here: www.ncartsincubator.org
Who is the CEO of Chatham Creative Arts Incubator Inc?
Michael Feezor is the Treasurer of Chatham Creative Arts Incubator Inc.
Official website here: www.ncartsincubator.org
What is the revenue of Chatham Creative Arts Incubator Inc?
Chatham Creative Arts Incubator Inc's revenue in 2022 was $71,479.
Official website here: www.ncartsincubator.org
Who are the executives of Chatham Creative Arts Incubator Inc and what are their salaries?
The average compensation at Chatham Creative Arts Incubator Inc during 2022 was $10,992. There is 1 employee at Chatham Creative Arts Incubator Inc.
Here are 6 key members and their salaries:
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Official website here: www.ncartsincubator.org
Where can I find the form 990 for Chatham Creative Arts Incubator Inc?
Chatham Creative Arts Incubator Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ncartsincubator.org
Learn more at the official website: www.ncartsincubator.org
Mission Statement of Chatham Creative Arts Incubator Inc
Chatham Creative Arts Incubator Inc is committed to establishing a self-sustaining artistic community. This mission entails providing new and emerging artists with essential resources, such as rental spaces to create art and access to shared resources. The organization also offers ongoing support and training opportunities to these artists. By doing so, Chatham Creative Arts Incubator Inc aims to incubate artists in their pursuit and development of viable businesses. Moreover, the nonprofit collaborates with other entities to nurture artists and promote economic growth in historic downtown Siler City, North Carolina. The ultimate goal is to create a vibrant and thriving artistic community that supports and empowers its members.
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Impact
August, 2024
Chatham Creative Arts Incubator Inc's impact lies in creating a self-sustaining arts community dedicated to providing new and emerging artists with rental spaces to create art, access to shared resources, and ongoing support and training opportunities. By offering low-cost studio and workshop space, as well as a market outlet for artists, they support the development and growth of art businesses. Additionally, by providing meeting space to local organizations, they contribute to community improvement in Historic Downtown Siler City, North Carolina. Their mission to incubate artists in the pursuit of viable businesses not only fosters creativity but also promotes economic development in the area.
This information is meant to be a general summary of Chatham Creative Arts Incubator 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.
- Program Service Revenue: $32,913
- Gross Receipts: $71,479
Assets and Liabilities:
- Total Assets: $242,619
- Total Liabilities: $78,532
- Net Assets: $164,087
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDIO MEETING RENTAL
Revenue
$32,913
Organization Details
Founding Year
2002
Phone
(919) 663-1335Principal Officer
Michael Feezor
Main Address
PO BOX 643 223 NORTH CHATHAM AVENU, SILER CITY, NC, 27344
Website
www.ncartsincubator.orgNTEE Category
Code: S30 - Community improvement
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