Overview
What is Marigold Arts Development?
Marigold Arts Development, located in North Charleston, South Carolina, is a nonprofit organization that focuses on delivering high-quality artistic programs. During the fiscal year ending August 31, 2022, the organization produced and performed three shows, one in collaboration with other organizations, due to COVID-19 safety protocols limiting attendance to one-third of normal capacity. Additionally, Marigold Arts Development conducted six one-week summer camp sessions, with attendance impacted by the pandemic. The mission of South of Broadway Theatre Company (SOBTC), the nonprofit's primary program, is to uphold professionalism, foster local artist growth, and offer long-term, sustainable educational value to the Charleston Tri-County community. The organization's activities and mission emphasize the nurturing of local talent and the provision of educational opportunities within the arts sector. With a small team of one employee, Marigold Arts Development continues to contribute to the cultural landscape of North Charleston while adapting to the challenges posed by the ongoing pandemic.
Official website here: www.southofbroadway.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, Two-Star out of Four Star rating
Marigold Arts Development has received a 65% overall score from Charity Navigator, indicating a Two-Star rating. The organization demonstrates strong governance practices with a fully independent board, and it scores well on aspects such as material diversion of assets and having a conflict of interest policy in place. However, the absence of a whistleblower policy and a document retention and destruction policy, among other factors, has negatively impacted its overall score.
The nonprofit has a commendable program expense ratio of 75.36%, suggesting that a significant portion of its funds directly supports its mission. This is a positive indicator of financial health and commitment to its programs. However, the liabilities to assets ratio is concerning at 619.48%, which raises questions about the organization’s financial stability and ability to meet its obligations.
While Marigold Arts Development shows strengths in board independence and program spending, it faces critical gaps in its accountability practices. The missing policies and high liabilities present a need for improvement in financial management and transparency to enhance donor confidence and overall sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Marigold Arts Development legitimate?
Marigold Arts Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marigold Arts Development 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: $15,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.southofbroadway.com
What is the mission statement of Marigold Arts Development?
Marigold Arts Development, through its subsidiary South of Broadway Theatre Company (SOBTC), is committed to upholding professionalism by offering a comprehensive program. This program aims to nurture the development of a diverse local artist community and provides enduring, sustainable educational benefits to the broader Charleston Tri-County community. The organization's mission is to foster growth among artists and offer long-term, valuable educational experiences for the community.
Official website here: www.southofbroadway.com
Who is the CEO of Marigold Arts Development?
Mary Gould is the Ceo of Marigold Arts Development. The CEO's salary of Marigold Arts Development is $15,600 and their total compensation is $15,600.
Official website here: www.southofbroadway.com
What is the revenue of Marigold Arts Development?
Marigold Arts Development's revenue in 2022 was $75,418.
Official website here: www.southofbroadway.com
Who are the executives of Marigold Arts Development and what are their salaries?
The average compensation at Marigold Arts Development during 2022 was $15,600. There is 1 employee and 20 volunteers at Marigold Arts Development.
Here are 7 key members and their salaries (Marigold Arts Development's CEO's salary is $15,600 and their total compensation is $15,600):
- Compensation: $15,600
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.southofbroadway.com
Where can I find the form 990 for Marigold Arts Development?
Marigold Arts Development's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.southofbroadway.com
Learn more at the official website: www.southofbroadway.com
Mission Statement of Marigold Arts Development
Marigold Arts Development, through its subsidiary South of Broadway Theatre Company (SOBTC), is committed to upholding the highest standards of professionalism. The organization strives to achieve this by offering a comprehensive program that encourages the development of a diverse local artist community. Furthermore, Marigold Arts Development aims to provide long-term, sustainable educational value to the Charleston Tri-County community. By delivering this multi-faceted program, the organization seeks to contribute positively to the artistic landscape and foster growth within the artistic community.
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Impact
August, 2024
Marigold Arts Development, through its South of Broadway Theatre Company (SOBTC), has made a significant impact on the Charleston Tri-County community. By delivering a multi-faceted program and fostering the growth of local artists, Marigold Arts Development has contributed to the cultural enrichment and artistic development of the region. The organization's commitment to maintaining the highest standards of professionalism has resulted in the production and performance of several shows, as well as the successful operation of summer camps that provide educational value to participants. Overall, Marigold Arts Development's work has helped create a diverse and vibrant arts community in North Charleston, SC.
This information is meant to be a general summary of Marigold Arts Development. 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.
- Program Service Revenue: $54,398
- Gross Receipts: $75,418
Assets and Liabilities:
- Total Assets: $27,506
- Total Liabilities: $50,166
- Net Assets: -$22,660
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADS
PERFORMANCE AND TICKETS
Revenue
$19,998
TUITION
Revenue
$34,400
Organization Details
Founding Year
2000
Phone
(843) 745-0317Principal Officer
Mary Gould
Main Address
3346 1A RIVERS AVENUE, NORTH CHARLESTON, SC, 29405
Website
www.southofbroadway.comNTEE Category
Code: A60 - Arts
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