Overview
What is Tryon Fine Arts Center Inc?
Tryon Fine Arts Center Inc is a nonprofit organization situated in Tryon, North Carolina, dedicated to fostering cultural growth within the community. They accomplish this by organizing events and offering programs, with the primary aim of advancing cultural education. The center's mission is to enrich the cultural landscape of Tryon and its surrounding areas, contributing to a more enlightened community life.
Official website here: www.tryonarts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 29% - Zero-Star out of Four Star rating.
Tryon Fine Arts Center Inc has received a low rating of 29% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization boasts a fully independent board, which is a strength, it suffers from critical weaknesses such as missing financial statements and policies regarding conflict of interest and whistleblower protections. The lack of transparency in financial reporting has severely impacted its rating.
The organization does demonstrate some positive aspects, including a high percentage of independent board members and a low material diversion of assets. However, these strengths are overshadowed by the absence of essential governance policies and documentation, such as a posted tax form on its website. Additionally, its program expense ratio reveals that less than half of its expenditures are directed towards programs, raising concerns about its financial management.
Overall, the significant gaps in accountability, transparency, and governance have led to the unfavorable assessment by Charity Navigator. Potential donors might want to consider these limitations when evaluating the organization's effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Tryon Fine Arts Center Inc?
92% of reviewers on Facebook recommend Tryon Fine Arts Center Inc. Here is a summary of their reviews: The center is widely regarded as a vibrant hub for culture and entertainment, with many users expressing enthusiasm for the variety of events it hosts.
Attendees frequently comment on the enjoyable experiences they've had at the facility, highlighting it as a premier destination within the charming town. The atmosphere is described as inviting, further enhancing the enjoyment of the events offered.
Overall, individuals appreciate the center's contributions to the local arts scene, agreeing that it plays a vital role in enriching the community's cultural landscape.
This AI summary has been generated from reviews found on Facebook.
Is Tryon Fine Arts Center Inc legitimate?
Tryon Fine Arts Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tryon Fine 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: $104,056
For more financial information, click here
Official website here: www.tryonarts.org
What is the mission statement of Tryon Fine Arts Center Inc?
The Tryon Fine Arts Center Inc, in its mission, focuses on promoting cultural advancement within the community. It achieves this by sponsoring events and offering educational programs. The center's primary objective is to foster cultural education, aiming to enrich the local community and its surrounding areas. Through its activities, the Tryon Fine Arts Center seeks to broaden the cultural horizons of its community members.
Official website here: www.tryonarts.org
Who is the CEO of Tryon Fine Arts Center Inc?
Robert Penfold is the President of Tryon Fine Arts Center Inc.
Official website here: www.tryonarts.org
What is the revenue of Tryon Fine Arts Center Inc?
Tryon Fine Arts Center Inc's revenue in 2022 was $877,300.
Official website here: www.tryonarts.org
Who are the executives of Tryon Fine Arts Center Inc and what are their salaries?
The average compensation at Tryon Fine Arts Center Inc during 2022 was $26,014. There are 4 employees and 45 volunteers at Tryon Fine Arts Center Inc.
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Official website here: www.tryonarts.org
Where can I find the form 990 for Tryon Fine Arts Center Inc?
Tryon Fine Arts Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tryonarts.org
Learn more at the official website: www.tryonarts.org
Mission Statement of Tryon Fine Arts Center Inc
Tryon Fine Arts Center, a notable nonprofit organization, is committed to advancing cultural education and fostering artistic activities within its community and the surrounding areas. Its mission is to sponsor events and provide programs that cater to the cultural needs of Tryon, North Carolina, and its vicinity. Through these initiatives, the center aims to stimulate cultural growth and enrichment within its community.
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Impact
July, 2024
Tryon Fine Arts Center Inc plays a vital role in fostering cultural activities in the community through the sponsorship of events and programs. Its impact is felt not only in Tryon, NC but also in the surrounding communities. By advancing cultural education, the center enriches the lives of residents and visitors alike, contributing to the vibrancy and artistic expression of the region.
This information is meant to be a general summary of Tryon Fine 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 2022.
- Investment Income: $162,457
- Program Service Revenue: $80,343
- Gross Receipts: $961,803
Assets and Liabilities:
- Total Assets: $7,477,049
- Total Liabilities: $19,092
- Net Assets: $7,457,957
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$43,748
TUITION AND REGISTRATION
Revenue
$36,595
Organization Details
Founding Year
1966
Phone
(828) 859-8322Principal Officer
Robert Penfold
Main Address
34 MELROSE AVE, TRYON, NC, 287823392
Website
www.tryonarts.orgNTEE Category
Code: A200 - Arts
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