Overview
What is Woman's Exchange Inc Of Sarasota?
Woman's Exchange Inc of Sarasota, operating under the name The Exchange Inc, is a nonprofit organization based in Sarasota, Florida. With 28 employees, their primary mission is to provide financial support to local visual and performing arts organizations and programs, as well as to students pursuing an education in the arts. They achieve this through the proceeds of a consignment business, which allows them to contribute to the artistic community in a significant way. This philanthropic approach enables them to nurture talent and promote the growth of arts organizations within their community.
Official website here: www.womansexchange.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Woman's Exchange Inc of Sarasota has achieved a commendable Four-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The organization's score reflects a commitment to transparency and responsible financial management, with a perfect score in several key areas, including the independence of board members and the oversight of financial statements.
The nonprofit boasts a fully independent board, ensuring diverse perspectives and effective governance. It excels in maintaining robust financial practices, evidenced by a low liability-to-assets ratio and a high percentage of program expenses, indicating that a significant portion of its resources directly supports its mission.
While the ratings highlight numerous strengths, no specific limitations or challenges were noted in the data. Overall, the organization demonstrates a strong commitment to its financial health and accountability, making it a trustworthy choice for donors looking to support impactful initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Woman's Exchange Inc Of Sarasota legitimate?
Woman's Exchange Inc Of Sarasota is a legitimate nonprofit organization registered as a 501(c)(3) entity. Woman's Exchange Inc Of Sarasota 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: $709,081
For more financial information, click here
Official website here: www.womansexchange.com
What is the mission statement of Woman's Exchange Inc Of Sarasota?
The Woman's Exchange Inc of Sarasota, through its consignment business, aims to provide financial aid to local visual and performing arts organizations and programs, as well as to students pursuing an education in these fields. This non-profit organization's mission is to offer financial support, contributing to the growth and development of the arts community and nurturing the talents of future artists. By generating earnings from the consignment business, they are able to provide grants and scholarships to deserving students, fostering a thriving arts ecosystem.
Official website here: www.womansexchange.com
Who is the CEO of Woman's Exchange Inc Of Sarasota?
Sue Sweeney is the Director of Woman's Exchange Inc Of Sarasota. The CEO's salary of Woman's Exchange Inc Of Sarasota is $158,682 and their total compensation is $158,682.
Official website here: www.womansexchange.com
What is the revenue of Woman's Exchange Inc Of Sarasota?
Woman's Exchange Inc Of Sarasota's revenue in 2023 was $4,372,072.
Official website here: www.womansexchange.com
Who are the executives of Woman's Exchange Inc Of Sarasota and what are their salaries?
The average compensation at Woman's Exchange Inc Of Sarasota during 2023 was $25,324. There are 28 employees and 225 volunteers at Woman's Exchange Inc Of Sarasota.
Here are 10 key members and their salaries (Woman's Exchange Inc Of Sarasota's CEO's salary is $158,682 and their total compensation is $158,682):
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- Compensation: $158,682
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Official website here: www.womansexchange.com
Where can I find the form 990 for Woman's Exchange Inc Of Sarasota?
Woman's Exchange Inc Of Sarasota's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.womansexchange.com
Learn more at the official website: www.womansexchange.com
Mission Statement of Woman's Exchange Inc Of Sarasota
Woman's Exchange Inc of Sarasota is a nonprofit organization that supports local visual and performing arts organizations and programs, as well as students pursuing an education in the arts, through the proceeds of a consignment business. Its mission is to provide financial assistance by selling donated goods in its shop. The revenue generated from these sales is then allocated to fund various arts initiatives and scholarships for deserving students. By doing so, Woman's Exchange Inc of Sarasota plays a vital role in nurturing the artistic community and fostering talent in the visual and performing arts fields.
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Impact
July, 2024
Woman's Exchange Inc Of Sarasota has a significant impact on the local visual and performing arts community in Sarasota, Florida. Through the proceeds of its consignment business, this organization provides essential financial support to various arts organizations, programs, and students pursuing education in the arts. Grants and scholarships offered by Woman's Exchange Inc Of Sarasota play a crucial role in fostering the growth and development of the arts in the region, ensuring that artists and arts organizations have the resources they need to flourish. By supporting both emerging talents and established arts entities, this organization contributes to the vibrancy and diversity of the local arts scene.
This information is meant to be a general summary of Woman's Exchange Inc Of Sarasota. 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: $25,064
- Program Service Revenue: $3,911,790
- Gross Receipts: $4,374,157
Assets and Liabilities:
- Total Assets: $4,872,227
- Total Liabilities: $565,302
- Net Assets: $4,306,925
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSIGNMENT SALES
Revenue
$3,911,790
Organization Details
Founding Year
1962
Phone
(941) 955-7859Principal Officer
Sue Sweeney
Main Address
539 SOUTH ORANGE AVE, SARASOTA, FL, 34236
Website
www.womansexchange.comNTEE Category
Code: A60Z - Arts
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