Overview
What is Arts & Business Council Of Miami Inc?
The Arts & Business Council of Miami Inc, established for over 35 years, is a pivotal nonprofit organization based in Miami, Florida. Their primary mission is to foster and sustain a vibrant cultural ecosystem by forging strategic partnerships, facilitating networking opportunities, and providing outreach between businesses, entrepreneurs, and the arts community. With a team of four dedicated individuals, they have been instrumental in assisting over 500 arts groups through executive consultancies, leadership training, audience development, workshops, forums, and curated outreach events. Their tailored programming empowers numerous artists, arts professionals, and creative entrepreneurs, contributing significantly to Miami's cultural landscape.
Official website here: www.artsbizmiami.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 74%)
The Arts & Business Council of Miami Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization shows some strengths, there are significant areas needing enhancement. The overall score of 74% reflects a solid Program Expense Ratio of 89.78%, suggesting a commitment to channeling funds into programs. Notably, the organization features a fully independent board, highlighting strong governance practices.
However, the nonprofit faces challenges in terms of accountability and financial transparency. It currently lacks a whistleblower policy and has not established a document retention and destruction policy, which are crucial for ensuring ethical operations. Additionally, the absence of readily available tax forms on the website may hinder donor confidence and transparency.
On a positive note, the organization scored well in equity strategies and practices, indicating a commitment to inclusive practices within its operations. Overall, while the Arts & Business Council of Miami Inc demonstrates responsible governance and program funding, addressing the noted deficiencies in accountability and policy documentation will be essential for future improvement and donor trust.
This AI summary has been generated from information found on Charity Navigator.
Is Arts & Business Council Of Miami Inc legitimate?
Arts & Business Council Of Miami Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arts & Business Council Of Miami 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $234,701
For more financial information, click here
Official website here: www.artsbizmiami.org
What is the mission statement of Arts & Business Council Of Miami Inc?
The Arts & Business Council of Miami, established over three decades ago, has been instrumental in strengthening the local creative ecosystem. It accomplishes this through innovative and tailored programming, benefiting approximately 500 arts organizations, numerous artists, arts professionals, and creative entrepreneurs. The council's primary objective is to foster a sustainable cultural environment by promoting high-impact partnerships, networking opportunities, and outreach between businesses, entrepreneurs, and the arts sector. Over the years, the Arts & Business Council has played a significant role in developing programs that offer executive consultancies, leadership training, audience development, workshops, forums, and curated outreach opportunities to over 500 arts groups.
Official website here: www.artsbizmiami.org
Who is the CEO of Arts & Business Council Of Miami Inc?
Kyle Leverett is the Executive Staff of Arts & Business Council Of Miami Inc.
Official website here: www.artsbizmiami.org
What is the revenue of Arts & Business Council Of Miami Inc?
Arts & Business Council Of Miami Inc's revenue in 2023 was $765,303.
Official website here: www.artsbizmiami.org
Who are the executives of Arts & Business Council Of Miami Inc and what are their salaries?
The average compensation at Arts & Business Council Of Miami Inc during 2023 was $58,675. There are 4 employees and 4 volunteers at Arts & Business Council Of Miami Inc.
Here are 12 key members and their salaries:
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Official website here: www.artsbizmiami.org
Where can I find the form 990 for Arts & Business Council Of Miami Inc?
Arts & Business Council Of Miami Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.artsbizmiami.org
Learn more at the official website: www.artsbizmiami.org
Mission Statement of Arts & Business Council Of Miami Inc
The Arts & Business Council of Miami has been actively empowering the creative ecosystem for three decades. With a focus on innovation and tailored programming, this organization has been instrumental in strengthening over 500 arts organizations, as well as supporting thousands of artists, arts professionals, and creative entrepreneurs. The Arts Business Council leads the charge in building a sustainable cultural ecosystem by fostering high-impact partnerships, outreach, and networking opportunities between businesses, entrepreneurs, and the arts.
For more than three decades, this nonprofit has played a significant role in developing programs that assist various arts groups. These programs include executive consultancies, leadership training, audience development, workshops, forums, curated outreach, and networking opportunities. By providing these services, the Arts & Business Council of Miami has been instrumental in bolstering the creative industry and supporting the growth of numerous arts organizations.
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Impact
July, 2024
The Arts & Business Council Of Miami Inc empowers the creative ecosystem in Miami by developing programs that assist over 500 arts groups through executive consultancies, leadership training, audience development, workshops, forums, curated outreach, and networking opportunities. Their efforts have led to the advancement of high-impact partnerships between business, entrepreneurs, and the arts, building a sustainable cultural ecosystem. Over the past 35 years, this organization has played a leading role in strengthening and leveraging the local arts community, benefiting thousands of artists, arts professionals, and creative entrepreneurs.
This information is meant to be a general summary of Arts & Business Council Of Miami 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: $5,221
- Program Service Revenue: $474,918
- Gross Receipts: $765,303
Assets and Liabilities:
- Total Assets: $625,238
- Total Liabilities: $0
- Net Assets: $625,238
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DIRECT PROGRAM INCOME
Revenue
$474,918
Organization Details
Founding Year
1985
Phone
(305) 326-1021Principal Officer
Kyle Leverett
Main Address
1637 SW 8TH STREET STE 211, MIAMI, FL, 33133
Website
www.artsbizmiami.orgNTEE Category
Code: A900 - Arts
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