Overview
What is 1708 Gallery Inc?
1708 Gallery Inc, situated in Richmond, Virginia, serves as a vibrant nonprofit arts organization. With a commitment to fostering artistic innovation, it offers a platform for artists from around the globe to showcase their work. By exhibiting diverse art forms, 1708 Gallery not only supports creators but also provides the community with an opportunity to engage with and appreciate innovative art. Their mission is to present exceptional new art, nurturing both emerging and established artists, thereby enriching the public's understanding and appreciation of the contemporary art scene. The gallery boasts a team of seven dedicated individuals, ensuring a strong community presence and engagement.
Official website here: www.1708gallery.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, earning a Two-Star out of Four Star rating. The rating indicates that 1708 Gallery Inc has received a mixed evaluation, particularly in the areas of accountability and financial health. While the organization has commendable governance features, such as a fully independent board and no material diversion of assets, it has notable weaknesses in its financial management practices.
The organization scores well on having a conflict of interest policy and maintaining transparent documentation of board meeting minutes. However, it lacks essential policies such as a whistleblower policy and document retention guidelines, which raises concerns about its internal controls and accountability. The program expense ratio is strong at 70.20%, indicating that a significant portion of its budget is allocated to its programs.
On the financial side, the liabilities to assets ratio stands at 70.03%, which signals a concerning level of indebtedness compared to its assets. Overall, while 1708 Gallery Inc demonstrates solid governance practices, the lack of key policies and a high liabilities ratio suggest areas for improvement in financial health and organizational accountability.
This AI summary has been generated from information found on Charity Navigator.
Is 1708 Gallery Inc legitimate?
1708 Gallery Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1708 Gallery 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: $84,079
Professional Fundraising Fees: $0
Other Salaries and Wages: $123,367
For more financial information, click here
Official website here: www.1708gallery.org
What is the mission statement of 1708 Gallery Inc?
1708 Gallery Inc's mission is centered around showcasing exceptional new art. The gallery is dedicated to offering opportunities for artistic innovation to both emerging and established artists. Its mission aims to broaden the public's understanding and appreciation of new art forms. As a dynamic non-profit arts organization, 1708 Gallery provides innovative opportunities for artists globally, giving them a platform to exhibit their work, and allowing the community to engage with innovative artists and art forms. The gallery plays a significant role in the community by serving as a forum for contemporary art and offering a space for public engagement for various audiences.
Official website here: www.1708gallery.org
Who is the CEO of 1708 Gallery Inc?
Caroline Wright is the President of 1708 Gallery Inc.
Official website here: www.1708gallery.org
What is the revenue of 1708 Gallery Inc?
1708 Gallery Inc's revenue in 2022 was $795,345.
Official website here: www.1708gallery.org
Who are the executives of 1708 Gallery Inc and what are their salaries?
The average compensation at 1708 Gallery Inc during 2022 was $29,635. There are 7 employees and 73 volunteers at 1708 Gallery Inc.
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Official website here: www.1708gallery.org
Where can I find the form 990 for 1708 Gallery Inc?
1708 Gallery Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.1708gallery.org
Learn more at the official website: www.1708gallery.org
Mission Statement of 1708 Gallery Inc
1708 Gallery, a dynamic non-profit arts organization, is dedicated to presenting exceptional new art. Committed to fostering artistic innovation, the gallery provides opportunities for both emerging and established artists from around the world. By showcasing their work, 1708 Gallery aims to expand the understanding and appreciation of innovative art forms among the public. The organization's mission is to serve as a platform for contemporary art, engaging various audiences with thought-provoking exhibitions and encouraging creative expression, which is integral to a thriving society. Furthermore, 1708 Gallery serves as a hub for public engagement, offering a forum for the discussion and exploration of new art forms, thereby enriching the community's cultural landscape.
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Impact
July, 2024
1708 Gallery's impact lies in its unwavering commitment to presenting exceptional new art and providing opportunities for artistic innovation for both emerging and established artists. By expanding the understanding and appreciation of new art for the public, 1708 Gallery plays a crucial role in fostering creativity and cultural enrichment within the community. Through its exhibitions program, which offers a platform for artists globally while engaging the local community in learning about innovative art forms, 1708 Gallery serves as a vital forum for contemporary art and a place for public engagement for diverse audiences. This contributes to the vibrancy of Richmond, VA, and helps create a more dynamic and culturally richer society overall.
This information is meant to be a general summary of 1708 Gallery 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: $4
- Program Service Revenue: $83,454
- Gross Receipts: $877,534
Assets and Liabilities:
- Total Assets: $1,370,382
- Total Liabilities: $865,263
- Net Assets: $505,119
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ART SALES
Revenue
$76,420
PROGRAM FEES
Revenue
$7,034
Organization Details
Founding Year
1978
Phone
(804) 643-1708Principal Officer
Caroline Wright
Main Address
RICHMOND VA 23241, RICHMOND, VA, 232410520
Website
www.1708gallery.orgNTEE Category
Code: A40 - Arts
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