Overview
What is Cape Fear Studios Incorporated?
Cape Fear Studios Incorporated is a non-profit organization situated in Fayetteville, North Carolina (specifically at PO Box 771). Their primary mission is to foster the arts within the Fayetteville/Cumberland County area. They achieve this by offering facilities and essential equipment to budding artists, as well as providing a platform for selling their creations. By doing so, Cape Fear Studios Incorporated aims to support and showcase local artistic talent, ultimately promoting the arts within their community.
Official website here: www.capefearstudios.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
Cape Fear Studios Incorporated has demonstrated a strong commitment to accountability and financial health, achieving a remarkable score of 97% from Charity Navigator, which reflects its effective governance and transparency. The organization boasts a perfect score in multiple areas, including having a fully independent board and no material diversion of assets, indicating a high level of integrity in its operations.
The nonprofit’s financial management is further showcased by a low liabilities to assets ratio of 2.86% and a program expense ratio of 81.77%, which means that a significant majority of its expenses are directed towards its programs rather than administrative costs. This efficient use of funds suggests that Cape Fear Studios is effectively utilizing resources to fulfill its mission.
While the data highlights the organization's strengths, it is important to note that high ratings do not always capture the full scope of a nonprofit's impact. Nevertheless, the strong accountability measures in place, such as a conflict of interest policy and whistleblower policy, enhance the organization’s credibility and trustworthiness among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Cape Fear Studios Incorporated legitimate?
Cape Fear Studios Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cape Fear Studios Incorporated 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.
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Official website here: www.capefearstudios.com
What is the mission statement of Cape Fear Studios Incorporated?
Cape Fear Studios Incorporated is committed to fostering the arts in its local community. It achieves this by offering facilities and essential equipment to budding artists, providing them with a platform to showcase and sell their work. The organization's mission is geared towards nurturing artistic talent and promoting artistic expression within the community.
Official website here: www.capefearstudios.com
Who is the CEO of Cape Fear Studios Incorporated?
Sandy Mcfarlane is the Vice Preside of Cape Fear Studios Incorporated.
Official website here: www.capefearstudios.com
What is the revenue of Cape Fear Studios Incorporated?
Cape Fear Studios Incorporated's revenue in 2023 was $77,446.
Official website here: www.capefearstudios.com
Who are the executives of Cape Fear Studios Incorporated and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.capefearstudios.com
Where can I find the form 990 for Cape Fear Studios Incorporated?
Cape Fear Studios Incorporated's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.capefearstudios.com
Learn more at the official website: www.capefearstudios.com
Mission Statement of Cape Fear Studios Incorporated
Cape Fear Studios Incorporated is committed to fostering the arts within the Fayetteville/Cumberland County area of North Carolina. This nonprofit organization achieves this mission by offering facilities and essential equipment to budding artists. Furthermore, it serves as a platform for artists to showcase and sell their work, thereby promoting the arts community within the region. By providing such resources and opportunities, Cape Fear Studios Incorporated plays a crucial role in nurturing artistic talent and encouraging the growth of the arts scene in the community.
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Impact
August, 2024
Cape Fear Studios Incorporated plays a significant role in promoting the arts in the Fayetteville/Cumberland County area of North Carolina. By providing facilities and equipment for beginning artists and creating a marketplace for sales, the organization actively supports and nurtures local artistic talent. Through these initiatives, Cape Fear Studios Incorporated contributes to the cultural vibrancy of the community and helps artists develop their skills and showcase their work to a wider audience. This impact helps foster a thriving artistic community and provides valuable opportunities for artists to grow and succeed in their craft.
This information is meant to be a general summary of Cape Fear Studios Incorporated. 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.
- Program Service Revenue: $44,092
- Gross Receipts: $77,446
Assets and Liabilities:
- Total Assets: $30,560
- Total Liabilities: $876
- Net Assets: $29,684
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LESSONS
Revenue
$23,911
SALES
Revenue
$20,181
Organization Details
Founding Year
1989
Phone
(910) 433-2986Principal Officer
Sandy Mcfarlane
Main Address
PO BOX 771, FAYETTEVILLE, NC, 283020771
Website
www.capefearstudios.comNTEE Category
Code: A90 - Arts
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