Overview
What is Cultureworks Inc?
CultureWorks Inc, located at 1906-A North Hamilton Street, Richmond, Virginia, is a dedicated nonprofit organization. Their primary focus is on supporting smaller arts and culture nonprofits with limited resources and budgets under $750,000, as well as individual artists. Recognizing the scarcity of assistance specifically tailored to smaller arts organizations in the Richmond region, CultureWorks has developed a grants program to fill this gap. The funding, allocated to both nonprofit arts and cultural organizations and individual artists, prioritizes two areas: Cultural Equity and Building Capabilities. Through these efforts, CultureWorks aims to strengthen the impact of artists and arts organizations within its community, fulfilling its mission to support and develop their capabilities. The organization currently employs a team of eight individuals.
Official website here: www.richmondcultureworks.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Cultureworks Inc has received a remarkable score of 96%, reflecting its strong performance in accountability and finance. The rating is based entirely on financial metrics, underscoring the organization's commitment to transparency and responsible management of resources. With no material diversion of assets reported and a high program expense ratio of 88.83%, Cultureworks demonstrates effective allocation of funds towards its mission.
The organization boasts an entirely independent board, with all 23 members contributing to its governance. This structure is further supported by comprehensive policies in place, including conflict of interest and whistleblower protections. Additionally, the presence of an audit and oversight committee contributes to its robust financial oversight, ensuring that donor funds are utilized efficiently and ethically.
While the rating indicates strong financial health and governance standards, it is essential for potential donors and stakeholders to consider the impact of Cultureworks' programs. Further engagement with the organization may provide insights into the effectiveness of its initiatives and community outreach.
This AI summary has been generated from information found on Charity Navigator.
Is Cultureworks Inc legitimate?
Cultureworks Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cultureworks 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: $168,858
Professional Fundraising Fees: $0
Other Salaries and Wages: $214,395
For more financial information, click here
Official website here: www.richmondcultureworks.org
What is the mission statement of Cultureworks Inc?
Cultureworks Inc is dedicated to its mission, which involves enhancing the impact of artists and arts and culture organizations in their respective regions. This mission is executed through strengthening these entities, thereby enabling them to contribute more significantly to their communities. The CultureWorks Grants Program, a key initiative, aims to support smaller nonprofit organizations and individual artists with limited resources and budgets, typically less than $750,000. Recognizing the scarcity of resources focused on helping small to mid-size arts and culture organizations in the Richmond Region, this program provides funding for high-quality programs, events, and initiatives that enrich the community. The grants primarily focus on two priorities: Cultural Equity and Building Capabilities.
Official website here: www.richmondcultureworks.org
Who is the CEO of Cultureworks Inc?
Scott Garka is the Chair of Cultureworks Inc.
Official website here: www.richmondcultureworks.org
What is the revenue of Cultureworks Inc?
Cultureworks Inc's revenue in 2023 was $1,093,759.
Official website here: www.richmondcultureworks.org
Who are the executives of Cultureworks Inc and what are their salaries?
The average compensation at Cultureworks Inc during 2023 was $47,907. There are 8 employees and 38 volunteers at Cultureworks Inc.
Here are 24 key members and their salaries:
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- Compensation: $164,234
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- Other: $4,927
Official website here: www.richmondcultureworks.org
Where can I find the form 990 for Cultureworks Inc?
Cultureworks Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.richmondcultureworks.org
Learn more at the official website: www.richmondcultureworks.org
Mission Statement of Cultureworks Inc
CultureWorks, a dedicated organization, is committed to its mission of strengthening artists and arts and culture organizations in the region. By doing so, the goal is to increase their impact on the community. The nonprofit focuses on providing support to smaller 501(c)(3) nonprofit organizations with limited resources and operating budgets of less than $750,000. Additionally, it offers funding for individual practicing artists. With few sources of support available for small to mid-size arts and culture organizations in the region, CultureWorks fulfills this need by funding quality programs, events, and initiatives for the community. The organization's grant funding is prioritized towards two areas: Cultural Equity and Building Capabilities, aiming to promote diversity and enhance the capabilities of the arts and culture sector.
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Impact
July, 2024
Cultureworks Inc's impact is significant in the Richmond region as it focuses on strengthening artists and arts and culture organizations to increase their influence. The organization's Grants Program specifically targets smaller 501(c)(3) nonprofit organizations with limited resources and operating budgets under $750,000, along with providing funding for individual practicing artists. By offering support to these specific groups that may have limited access to resources, Cultureworks Inc is able to facilitate the creation of quality programs, events, and initiatives for the community. Through focusing on funding priorities such as Cultural Equity and Building Capabilities, Cultureworks Inc plays a crucial role in enhancing the presence and impact of arts and culture in the region.
This information is meant to be a general summary of Cultureworks 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: $1,788
- Program Service Revenue: $24,000
- Gross Receipts: $1,093,759
Assets and Liabilities:
- Total Assets: $522,956
- Total Liabilities: $15,596
- Net Assets: $507,360
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Admin Fees
Revenue
$24,000
Organization Details
Founding Year
1965
Phone
(804) 340-5280Principal Officer
Scott Garka
Main Address
1906-A North Hamilton Street, Richmond, VA, 232304113
Website
www.richmondcultureworks.orgNTEE Category
Code: A26 - Arts
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