Overview
What is Eau Claire Confluence Arts Inc?
Eau Claire Confluence Arts Inc is a nonprofit organization based in Eau Claire, Wisconsin. Their mission is to construct and operate an arts facility for the benefit of the community. In 2015, they acquired property for this purpose and started construction in 2016. Fundraising efforts are ongoing through the University of Wisconsin - Eau Claire Foundation Inc and the Eau Claire Community Foundation. The construction of the arts center was completed in the fall of 2018. Eau Claire Confluence Arts Inc is committed to creating policies and procedures to ensure the sustainable operation of the arts facility at a reasonable cost, benefiting various entities such as the Eau Claire Regional Arts Council, community arts organizations, tourism organizations, the State of Wisconsin, the University of Wisconsin System Board of Regents, and the University of Wisconsin - Eau Claire.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating from Charity Navigator.
Eau Claire Confluence Arts Inc has received an 86% score, reflecting solid performance in accountability and finance. This rating is particularly significant as it suggests a commitment to transparency and responsible financial management, with a strong emphasis on accountability as indicated by its 100% independent board members and a robust audit oversight committee.
The organization exhibits strengths in its financial health, with an impressive program expense ratio of 99.34%, indicating that nearly all of its expenses are allocated to its programs. Additionally, it has a favorable liabilities to assets ratio of 41.48%, which shows a manageable level of debt relative to its assets. The presence of a conflict of interest policy and documented board meeting minutes further emphasize the organization's commitment to ethical governance.
Despite its strong rating, the summary does not indicate any notable weaknesses. The absence of material diversion of assets adds to its credibility as a nonprofit organization dedicated to its mission and responsible stewardship of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Eau Claire Confluence Arts Inc legitimate?
Eau Claire Confluence Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eau Claire Confluence Arts 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:
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What is the mission statement of Eau Claire Confluence Arts Inc?
Eau Claire Confluence Arts Inc's mission is centered around the development and implementation of policies and procedures necessary to establish and sustain an arts facility at a reasonable cost. This facility aims to benefit various entities, including the Eau Claire Regional Arts Council, community arts organizations, tourism organizations, the State of Wisconsin, the University of Wisconsin System Board of Regents, and the University of Wisconsin - Eau Claire, as well as the broader Greater Eau Claire Valley public. The corporation's primary objective is to contribute to the arts community by providing a suitable venue for artistic events and activities.
What is the revenue of Eau Claire Confluence Arts Inc?
Eau Claire Confluence Arts Inc's revenue in 2024 was $16,262,823.
Who are the executives of Eau Claire Confluence Arts Inc and what are their salaries?
There 15 volunteers at Eau Claire Confluence Arts Inc.
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Where can I find the form 990 for Eau Claire Confluence Arts Inc?
Eau Claire Confluence Arts Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Eau Claire Confluence Arts Inc
Eau Claire Confluence Arts Inc is committed to constructing and operating an arts facility for the benefit of the community. This organization is responsible for developing and implementing policies and procedures necessary to ensure the sustainable operation of this arts facility at the most reasonable cost possible. The objective of Eau Claire Confluence Arts Inc is to serve various entities, including the Eau Claire Regional Arts Council, community arts organizations, tourism organizations, the State of Wisconsin, the University of Wisconsin System Board of Regents, and the University of Wisconsin - Eau Claire, as well as the greater Eau Claire Valley public. The mission of Eau Claire Confluence Arts Inc is to contribute to the arts scene by providing a sustainable venue that caters to various entities, thereby fostering a vibrant and creative community.
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Impact
July, 2024
Eau Claire Confluence Arts Inc's impact is significant in the Eau Claire community as it has successfully constructed and operates an arts facility for the benefit of the community. This facility serves as a hub for the Eau Claire Regional Arts Council, local community arts organizations, tourism entities, the State of Wisconsin, University of Wisconsin System Board of Regents, University of Wisconsin - Eau Claire, and the greater Eau Claire Valley public. By providing a centralized space for artistic expression and cultural enrichment, Eau Claire Confluence Arts Inc enhances the quality of life for residents, fosters creativity, and promotes the arts as a vital component of the community's identity.
This information is meant to be a general summary of Eau Claire Confluence Arts 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 2024.
- Investment Income: $50,344
- Program Service Revenue: $683,969
- Gross Receipts: $16,262,823
Assets and Liabilities:
- Total Assets: $52,676,010
- Total Liabilities: $21,705,202
- Net Assets: $30,970,808
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITY USAGE FEES
Revenue
$683,969
Organization Details
Founding Year
2014
Principal Officer
Kerry Kincaid
NTEE Category
Code: A90 - Arts
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