Overview
What is Space One Eleven Inc?
Space One Eleven Inc, based in Birmingham, Alabama, is a nonprofit organization primarily dedicated to the field of visual arts. Their mission encompasses three key areas: providing professional opportunities for local artists, fostering public comprehension of contemporary art, and offering complimentary arts education to youth residing in the area. Situated at 2400 Second Avenue North, Space One Eleven Inc operates out of a dedicated exhibition space, offering a platform for emerging artists to showcase their work. With a team of six dedicated individuals, this organization plays a significant role in nurturing the local artistic community and promoting cultural awareness through its initiatives.
Official website here: www.spaceoneeleven.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Space One Eleven Inc has received an impressive score of 96%, indicating strong performance in accountability and finance. This rating is derived entirely from a single beacon score, showcasing the organization's commitment to high standards in financial management. The organization boasts a fully independent board, with 100% of its members meeting this criterion, and has achieved full points in areas such as financial statements and conflict of interest policies.
The organization demonstrates exceptional financial health, with a low liabilities to assets ratio of 15.45% and a high program expense ratio of 95.53%. These figures suggest that a significant portion of their funding is directed towards their programs rather than administrative costs. The presence of robust governance policies, including a whistleblower policy and a document retention policy, further highlights the organization’s commitment to transparency and ethical practices.
While the data reflects strengths across various metrics, potential donors and stakeholders should continuously monitor the organization's activities to ensure ongoing compliance with their high standards. Overall, Space One Eleven Inc shows a strong commitment to accountability and effective use of resources, making it a reliable choice for philanthropic support.
This AI summary has been generated from information found on Charity Navigator.
Is Space One Eleven Inc legitimate?
Space One Eleven Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Space One Eleven 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: $136,168
Professional Fundraising Fees: $0
Other Salaries and Wages: $124,957
For more financial information, click here
Official website here: www.spaceoneeleven.org
What is the mission statement of Space One Eleven Inc?
Space One Eleven Inc's mission is centered around providing professional opportunities for artists, fostering public comprehension of contemporary art, and offering free arts education to local youth. The organization serves as a platform for emerging artists, showcasing their visual work. Its primary goal is to create a forum where contemporary art can be appreciated and understood by the public. Furthermore, Space One Eleven Inc is committed to educating young individuals in the area, providing them with a valuable arts education at no cost.
Official website here: www.spaceoneeleven.org
Who is the CEO of Space One Eleven Inc?
Susan Colvin is the Director of Space One Eleven Inc. The CEO's salary of Space One Eleven Inc is $136,168 and their total compensation is $136,168.
Official website here: www.spaceoneeleven.org
What is the revenue of Space One Eleven Inc?
Space One Eleven Inc's revenue in 2022 was $710,709.
Official website here: www.spaceoneeleven.org
Who are the executives of Space One Eleven Inc and what are their salaries?
The average compensation at Space One Eleven Inc during 2022 was $43,521. There are 6 employees and 21 volunteers at Space One Eleven Inc.
Here are 10 key members and their salaries (Space One Eleven Inc's CEO's salary is $136,168 and their total compensation is $136,168):
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- Compensation: $136,168
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Official website here: www.spaceoneeleven.org
Where can I find the form 990 for Space One Eleven Inc?
Space One Eleven Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.spaceoneeleven.org
Learn more at the official website: www.spaceoneeleven.org
Mission Statement of Space One Eleven Inc
Space One Eleven Inc, a nonprofit organization, is dedicated to serving a triplet purpose. Its primary mission is to provide a platform for emerging artists, offering them professional opportunities to showcase their work. Beyond this, the organization functions as a hub for fostering public understanding of contemporary art. Lastly, Space One Eleven Inc extends its reach to the youth in the area by offering free arts education programs.
In essence, Space One Eleven Inc serves as a beacon for artists seeking to make a name for themselves in the contemporary art scene. The nonprofit provides exhibition space, offering these artists a chance to display their work and gain recognition within the art community. Simultaneously, Space One Eleven Inc functions as a bridge, connecting the public with the world of contemporary art, thereby promoting cultural awareness and appreciation.
Furthermore, Space One Eleven Inc is deeply committed to the future of arts education. Recognizing the importance of nurturing young talent, the nonprofit offers free arts education programs to the local youth. By doing so, Space One Eleven Inc is not just enriching the lives of these young individuals but also contributing to the overall cultural landscape of the community, ensuring that contemporary art continues to thrive and evolve.
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Impact
July, 2024
Space One Eleven Inc's impact can be seen through its proactive efforts to provide professional opportunities for artists, create a platform for public understanding of contemporary art, and offer free arts education to area youth. By offering exhibition space for emerging artists, Space One Eleven Inc not only supports the growth and visibility of local artists but also fosters a vibrant arts community in Birmingham, AL. Additionally, its commitment to arts education for young people helps cultivate a new generation of creative and culturally engaged individuals. Through these initiatives, Space One Eleven Inc plays a crucial role in promoting creativity, cultural appreciation, and professional development in the community.
This information is meant to be a general summary of Space One Eleven 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: $1,281
- Program Service Revenue: $138,907
- Gross Receipts: $710,709
Assets and Liabilities:
- Total Assets: $1,648,416
- Total Liabilities: $254,831
- Net Assets: $1,393,585
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Art classes
Revenue
$138,907
Organization Details
Founding Year
1986
Phone
(205) 328-0553Principal Officer
Susan Colvin
Main Address
2409 Second Ave N, Birmingham, AL, 35203
Website
www.spaceoneeleven.orgNTEE Category
Code: A25Z - Arts
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