Overview
What is The Greater Reston Arts Center Inc?
The Greater Reston Arts Center Inc, abbreviated as GRACE, is a nonprofit organization based in Reston, Virginia. With a mission to enrich community life by promoting involvement and excellence in contemporary visual arts, GRACE offers a year-round program of exhibitions, education programs for various age groups, and special events, including the Tepha Institute of Contemporary Art Festival, formerly known as the Northern Virginia Fine Arts Festival. This festival, GRACE's largest fundraiser and most-attended event, showcases superior fine art and craft from over 200 artists, attracting thousands of people to Reston Town Center each year. With a team of four dedicated individuals, GRACE strives to engage the community through innovative art, performances, and family-oriented creative activities.
Official website here: www.restonarts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 37%, Zero-Star out of Four Star rating.
The Greater Reston Arts Center Inc has received a low rating of 37% from Charity Navigator, primarily due to its Accountability and Finance score. While the organization has a fully independent board and has successfully implemented conflict of interest and whistleblower policies, it faces significant challenges related to financial transparency. The absence of financial statements and failure to post required tax documents on its website contribute to its low score.
Despite the strengths of having a majority of independent board members and no material diversion of assets, the organization's financial management raises concerns. The liabilities to assets ratio is notably high at 1.58%, indicating potential financial instability. Additionally, the program expense ratio of 41.46% suggests that a smaller portion of its budget is allocated to program services compared to administrative expenses.
Overall, while The Greater Reston Arts Center Inc demonstrates a commitment to governance through its policies, the lack of financial reporting and transparency undermines its credibility and effectiveness as a nonprofit organization. Stakeholders may want to consider these factors when evaluating their support for the center.
This AI summary has been generated from information found on Charity Navigator.
Is The Greater Reston Arts Center Inc legitimate?
The Greater Reston Arts Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Greater Reston Arts 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: $247,530
For more financial information, click here
Official website here: www.restonarts.org
What is the mission statement of The Greater Reston Arts Center Inc?
The Greater Reston Arts Center (GRACE) enriches community life by promoting involvement and excellence in contemporary visual arts. In pursuit of this mission, GRACE provides a year-round program of contemporary visual art exhibitions, education programs for various age groups, and special events, including the Northern Virginia Fine Arts Festival. This festival, previously known as the Tepha ICA Festival, is a renowned, juried, outdoor show offering the community an opportunity to enjoy and purchase superior fine art and fine craft from over 200 artists. It serves as GRACE's largest fundraiser and most-attended event, typically attracting over 20,000 people. The center also offers opportunities for patrons to engage in art, experience innovative performances, and for families to participate in creative art-making.
Official website here: www.restonarts.org
What is the revenue of The Greater Reston Arts Center Inc?
The Greater Reston Arts Center Inc's revenue in 2023 was $520,976.
Official website here: www.restonarts.org
Who are the executives of The Greater Reston Arts Center Inc and what are their salaries?
The average compensation at The Greater Reston Arts Center Inc during 2023 was $61,882. There are 4 employees at The Greater Reston Arts Center Inc.
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Official website here: www.restonarts.org
Where can I find the form 990 for The Greater Reston Arts Center Inc?
The Greater Reston Arts Center Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.restonarts.org
Learn more at the official website: www.restonarts.org
Mission Statement of The Greater Reston Arts Center Inc
The Greater Reston Arts Center (GRACE) enriches community life by promoting engagement and excellence in contemporary visual arts. In pursuit of this mission, GRACE provides a year-round program of contemporary visual art exhibitions, education programs for various age groups, and special events, including the renowned Tephra ICA Festival, formerly known as the Northern Virginia Fine Arts Festival. This festival is a highly-rated, juried, outdoor event that offers the community an opportunity to enjoy and purchase superior fine art and crafts from over 200 artists. It serves as both GRACE's largest fundraiser and its most-attended event, typically drawing over 20,000 people to Reston Town Center during its weekend.
Patrons at GRACE can engage in art, experience innovative performances, and families can participate in creative art-making activities. The festival, which was postponed to September 2021 during the reporting period, included both the September 2021 festival and the May 2022 festival. Overall, GRACE's mission is to foster a vibrant and culturally rich community by providing a platform for contemporary artists and engaging the public in art and education.
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Impact
July, 2024
The Greater Reston Arts Center Inc enriches community life by promoting involvement and excellence in contemporary visual arts. Through its year-round program of contemporary visual art exhibitions, education programs for all ages, and special events like the Tephra ICA Festival, GRACE provides opportunities for patrons to engage in art, experience innovative performances, and for families to engage in creative artmaking. The Tephra ICA Festival, formerly the Northern Virginia Fine Arts Festival, is a nationally ranked, juried, outdoor show that attracts over 20,000 people to Reston Town Center, offering the community a chance to enjoy and purchase superior fine art and fine craft from over 200 artists. GRACE's impact is evident in the vibrant cultural experiences it provides to the community, fostering creativity and appreciation for contemporary visual arts.
This information is meant to be a general summary of The Greater Reston Arts 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 2023.
- Investment Income: $713
- Program Service Revenue: $280,283
- Gross Receipts: $520,976
Assets and Liabilities:
- Total Assets: $1,097,434
- Total Liabilities: $51,309
- Net Assets: $1,046,125
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT PROCEEDS
Revenue
$270,795
EDUCATION
Revenue
$9,488
Organization Details
Founding Year
1974
Principal Officer
Robert Goudie
Website
www.restonarts.orgNTEE Category
Code: A25Z - Arts
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