Overview
What is Studio Group?
Studio Group is a nonprofit organization situated in Wilmington, Delaware. Their primary mission revolves around preserving and showcasing art, while also fostering local talent. They achieve this by maintaining the historical integrity of their site, which houses a collection of artwork, and offering guided tours upon appointment. Furthermore, Studio Group encourages the creation of new artworks through various programs they provide. In essence, Studio Group serves as a platform for both the appreciation and creation of art, contributing to the cultural landscape of Wilmington.
Official website here: www.howardpylestudio.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)
Studio Group has received a Three-Star rating from Charity Navigator, indicating a solid score of 76%. This rating is derived entirely from their Accountability & Finance beacon, with a perfect score achieved in several key areas, including board independence and the absence of material asset diversion. The organization demonstrates strong financial health, with a program expense ratio of 75.94%, suggesting that a significant portion of its funds is directed toward its mission.
Strengths of Studio Group include a fully independent board, composed of 28 members, and transparency regarding board meeting minutes. Additionally, the charity has effectively managed its liabilities, showcasing only 0.08% liabilities to assets. However, there are notable areas for improvement, particularly concerning governance policies. The absence of a conflict of interest policy, whistleblower policy, and document retention policy reflects gaps in operational protocols that could affect organizational integrity.
Overall, while Studio Group shows commendable strengths in financial management and board independence, the lack of essential governance policies is a limitation that the organization should address to enhance its accountability and reputation further.
This AI summary has been generated from information found on Charity Navigator.
Is Studio Group legitimate?
Studio Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. Studio Group 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
For more financial information, click here
Official website here: www.howardpylestudio.org/
What is the mission statement of Studio Group?
Studio Group's mission revolves around preserving and showcasing art, while also supporting local artists. They achieve this by maintaining the historical integrity of their site, which houses various artistic pieces. Tours of the facility are available upon request. Furthermore, Studio Group encourages the creation of new art through their various programs. In essence, their mission is to celebrate and promote the artistic community.
Official website here: www.howardpylestudio.org/
Who is the CEO of Studio Group?
Anna H Bellenger is the President of Studio Group.
Official website here: www.howardpylestudio.org/
What is the revenue of Studio Group?
Studio Group's revenue in 2023 was $41,537.
Official website here: www.howardpylestudio.org/
Who are the executives of Studio Group and what are their salaries?
There 5 volunteers at Studio Group.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.howardpylestudio.org/
Where can I find the form 990 for Studio Group?
Studio Group's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.howardpylestudio.org/
Learn more at the official website: www.howardpylestudio.org/
Mission Statement of Studio Group
Studio Group, a notable organization, is dedicated to preserving and showcasing art while advocating for local artists. The mission of this entity is multifaceted. It involves the historical preservation of a site, which serves as a home for various artistic pieces. Studio Group offers guided tours of this site by appointment, allowing visitors to immerse themselves in the rich artistic heritage.
Beyond preservation, Studio Group is also committed to fostering creativity among artists. They accomplish this through their various programs, which encourage the generation of new artwork. By promoting local artists and their work, Studio Group contributes to the cultural vibrancy of the artistic community.
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Impact
August, 2024
Studio Group's impact is significant in the realm of art preservation and promotion. By preserving and exhibiting art, promoting local area artists, offering historical preservation of their site housing artwork, and providing tours by appointment, Studio Group plays a key role in enriching the artistic community in Wilmington, DE. Additionally, their programs that promote the creation of new artwork contribute to the growth and diversity of artistic expression in the local area. Studio Group's initiatives help cultivate a vibrant arts scene and foster creativity within the community.
This information is meant to be a general summary of Studio Group. 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 2023.
- Investment Income: $3,555
- Program Service Revenue: $11,519
- Gross Receipts: $41,537
Assets and Liabilities:
- Total Assets: $361,372
- Total Liabilities: $300
- Net Assets: $361,072
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRIPS
LUNCHEON
Revenue
$50
COMMISION
SALE OF MEMBER'S PAINTINGS
Revenue
$11,469
OPEN HOUSE
Organization Details
Founding Year
1962
Phone
(302) 429-6678Principal Officer
Anna H Bellenger
Main Address
1305 N FRANKLIN STREET, WILMINGTON, DE, 19806
Website
www.howardpylestudio.org/NTEE Category
Code: A82Z - Arts
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