Overview
What is Ocean Reef Art League Inc?
Ocean Reef Art League Inc is a nonprofit organization dedicated to promoting the cultural arts within its community. Through various educational initiatives, such as art shows, workshops, and classes, they aim to enhance the appreciation and value of these arts. The league offers an enjoyable and enriching learning experience, fostering a sense of pride in artistic development. The primary objective of Ocean Reef Art League Inc is to educate and engage the community in the world of arts.
Official website here: www.oceanreefartleague.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
The Ocean Reef Art League Inc has received a Two-Star rating, indicating an average level of accountability and transparency in its operations. The organization demonstrates strong governance practices with a fully independent board and no material diversions of assets. However, several critical policies, such as a conflict of interest and whistleblower policy, are missing, which raises concerns about its governance and management practices.
Financially, the league shows a good commitment to its programs, with a program expense ratio of 83.79%, suggesting that a substantial portion of its budget is directed towards its mission. Additionally, it maintains a healthy liabilities to assets ratio of 0.42%. However, the absence of financial statements and a lack of transparency regarding its financial practices could hinder trust among potential donors and stakeholders.
Overall, while the Ocean Reef Art League Inc demonstrates strengths in board independence and program spending, it faces challenges related to transparency and the establishment of essential governance policies. Addressing these limitations could enhance the organization's overall effectiveness and public confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Ocean Reef Art League Inc legitimate?
Ocean Reef Art League Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocean Reef Art League 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: $119,496
Professional Fundraising Fees: $0
Other Salaries and Wages: $112,728
For more financial information, click here
Official website here: www.oceanreefartleague.com
What is the mission statement of Ocean Reef Art League Inc?
The Ocean Reef Art League Inc. is dedicated to enriching the community by fostering an appreciation for the arts. They accomplish this through various means, including organizing art shows, conducting workshops, and offering classes. The primary objective is to provide educational opportunities in the arts, bringing joy and a sense of accomplishment to those involved. The League's activities aim to promote the value of arts culture and instill a sense of pride in its members and the wider community.
Official website here: www.oceanreefartleague.com
Who is the CEO of Ocean Reef Art League Inc?
Thomas Mackell is the President of Ocean Reef Art League Inc.
Official website here: www.oceanreefartleague.com
What is the revenue of Ocean Reef Art League Inc?
Ocean Reef Art League Inc's revenue in 2023 was $1,765,277.
Official website here: www.oceanreefartleague.com
Who are the executives of Ocean Reef Art League Inc and what are their salaries?
The average compensation at Ocean Reef Art League Inc during 2023 was $77,408. There are 3 employees and 150 volunteers at Ocean Reef Art League Inc.
Here are 5 key members and their salaries:
- Compensation: $99,601
- 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.oceanreefartleague.com
Where can I find the form 990 for Ocean Reef Art League Inc?
Ocean Reef Art League Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.oceanreefartleague.com
Learn more at the official website: www.oceanreefartleague.com
Mission Statement of Ocean Reef Art League Inc
Ocean Reef Art League, a nonprofit organization, is committed to enriching the community by promoting the significance of cultural arts. Their primary mission is to educate individuals about these arts, thereby fostering an appreciation and understanding of their value. They accomplish this through various initiatives, such as organizing art exhibitions, conducting workshops, and offering classes. By engaging in these activities, Ocean Reef Art League aims to provide a platform for learning, enjoyment, and a sense of achievement in the realm of arts. Their ultimate goal is to instill pride in the community as they journey through this artistic learning process.
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Impact
July, 2024
Ocean Reef Art League Inc has a significant impact on the Key Largo community through its dedication to educating and promoting the cultural arts. By offering art shows, workshops, and classes, the organization enriches the lives of residents by providing opportunities for education, enjoyment, and pride in learning the arts. Through these initiatives, Ocean Reef Art League plays a vital role in fostering creativity, artistic expression, and cultural appreciation within the community.
This information is meant to be a general summary of Ocean Reef Art League 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 2023.
- Investment Income: $978,903
- Program Service Revenue: $268,677
- Gross Receipts: $7,521,466
Assets and Liabilities:
- Total Assets: $10,771,704
- Total Liabilities: $45,747
- Net Assets: $10,725,957
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ART WORK
Revenue
$96,577
CLASSES
Revenue
$46,510
TRIPS
Revenue
$28,875
WOODSHOP
Revenue
$5,065
WORKSHOPS
Revenue
$91,650
Organization Details
Founding Year
1979
Phone
(305) 367-2359Principal Officer
Thomas Mackell
Main Address
120 ANCHOR DRIVE, KEY LARGO, FL, 33037
Website
www.oceanreefartleague.comNTEE Category
Code: A26 - Arts
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