Overview
What is Stonegate Arts & Education Center Inc?
Stonegate Arts & Education Center Inc, situated in Bedford, Indiana, is a nonprofit organization with a mission to inspire students, educators, and the community in the realms of education and arts. They strive to foster and promote workforce, business, and community development within Lawrence County, providing start-up incubator space for emerging businesses. The center also ignites curiosity and excitement through innovative programs, with a strong focus on math, science, and technology. Their activities aim to empower and uplift the local community, employing a total of 3 individuals.
Official website here: www.stonegateeducation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78%, Three-Star out of Four Star rating.
Stonegate Arts & Education Center Inc has earned a solid rating due to its strong performance in accountability and finance, scoring 78% in this category. This score reflects a well-structured organization with a fully independent board of directors, indicating a commitment to transparent governance. Additionally, the organization has demonstrated effective policies in place, such as conflict of interest and whistleblower policies, which contribute positively to its accountability framework.
The organization excels in maintaining a low liabilities-to-assets ratio of 4.70%, showcasing its strong financial health. However, its program expense ratio of 55.04% suggests that a significant portion of its budget may not be directed towards programmatic activities, which is an area that could see improvement. This can affect the overall perception of its efficiency in utilizing funds for its mission.
Overall, while Stonegate Arts & Education Center Inc has a robust governance structure and financial accountability, it may need to focus on enhancing its program spending to ensure a greater impact in its community initiatives. This balanced approach will further strengthen its reputation and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Stonegate Arts & Education Center Inc legitimate?
Stonegate Arts & Education Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stonegate Arts & Education Center 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: $90,845
For more financial information, click here
Official website here: www.stonegateeducation.com
What is the mission statement of Stonegate Arts & Education Center Inc?
The Stonegate Arts & Education Center Inc's mission is centered around inspiring students, educators, and the community in the pursuit of education and the arts. The center aims to foster and promote workforce, business, and community development within its locale, offering start-up incubator space to developing businesses. Additionally, it ignites curiosity and excitement through innovative programs, actively promoting activities in math, science, and technology. The center's mission also includes such other and further powers, privileges, and responsibilities.
Official website here: www.stonegateeducation.com
Who is the CEO of Stonegate Arts & Education Center Inc?
Linda Henderson is the President of Stonegate Arts & Education Center Inc.
Official website here: www.stonegateeducation.com
What is the revenue of Stonegate Arts & Education Center Inc?
Stonegate Arts & Education Center Inc's revenue in 2022 was $149,229.
Official website here: www.stonegateeducation.com
Who are the executives of Stonegate Arts & Education Center Inc and what are their salaries?
The average compensation at Stonegate Arts & Education Center Inc during 2022 was $30,282. There are 3 employees and 10 volunteers at Stonegate Arts & Education Center Inc.
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Official website here: www.stonegateeducation.com
Where can I find the form 990 for Stonegate Arts & Education Center Inc?
Stonegate Arts & Education Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stonegateeducation.com
Learn more at the official website: www.stonegateeducation.com
Mission Statement of Stonegate Arts & Education Center Inc
Stonegate Arts & Education Center Inc is a nonprofit organization with a mission to inspire students, educators, and the community in their pursuit of education and the arts. It aspires to foster and promote workforce, business, and community development within Lawrence County. One of its key initiatives is offering start-up incubator space to developing businesses, aiming to ignite curiosity and excitement through innovative programs. Furthermore, Stonegate Arts & Education Center Inc promotes activities in mathematics, science, and technology, and holds various powers, privileges, and responsibilities to achieve its objectives.
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Impact
October, 2024
Stonegate Arts & Education Center Inc. plays a crucial role in inspiring students, educators, and the wider community to engage with education and the arts. By fostering a comprehensive learning environment, it encourages personal and professional growth among individuals of all ages.
The center actively promotes workforce and community development in Lawrence County, offering startup incubator space that supports aspiring entrepreneurs in launching and growing their businesses. This initiative not only stimulates local economic growth but also helps cultivate a vibrant business ecosystem that enhances job opportunities in the area.
Through its innovative programs, Stonegate ignites curiosity and excitement, particularly in the fields of math, science, and technology. By promoting these subjects, the center aids in preparing students for future educational and career paths, ensuring they are equipped with the skills needed in a rapidly evolving job market.
Overall, Stonegate Arts & Education Center Inc. significantly impacts the community by merging education with artistic pursuits, fueling economic development, and fostering a culture of curiosity and lifelong learning.
This information is meant to be a general summary of Stonegate Arts & Education Center 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: $572
- Program Service Revenue: $69,572
- Gross Receipts: $149,229
Assets and Liabilities:
- Total Assets: $245,462
- Total Liabilities: $9,151
- Net Assets: $236,311
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL TO COLLEGES
Revenue
$61,097
RENTAL OF BUILDING SPACE
Revenue
$8,475
Organization Details
Founding Year
2015
Phone
(812) 279-8126Principal Officer
Linda Henderson
Main Address
931 15TH STREET, BEDFORD, IN, 47421
Website
www.stonegateeducation.comNTEE Category
Code: S02 - Community improvement
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