Overview
What is Islamorada Community Entertainment Inc?
Islamorada Community Entertainment Inc is a nonprofit organization situated in Islamorada, Florida, specifically at 111 Indian Mound Trail. Its primary objective is to offer a platform for theatrical and musical performances aimed at engaging the local community. The organization generates funds from these events, which are then allocated as grants to local students, aiding them in their pursuit of further education in the fields of music, art, and theater. By doing so, Islamorada Community Entertainment Inc fosters talent and creativity within its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
Islamorada Community Entertainment Inc has received a One-Star rating from Charity Navigator, indicating significant concerns about its accountability and financial practices. With a score of 53%, the organization lacks independent board members and has not implemented essential governance policies such as conflict of interest, whistleblower, and document retention policies. While the organization demonstrates a strong program expense ratio of 89.74%, showing effective allocation of funds towards its mission, the lack of transparency and governance structures is troubling.
The organization has no independent members on its board, which raises questions regarding oversight and decision-making. Additionally, vital documents, including the charity's tax form and website information, are not readily available, further complicating the assessment of its operations. Although there are no reported material diversions of assets, the absence of a conflict of interest policy and other governance measures could hinder trust and accountability.
Overall, while Islamorada Community Entertainment Inc shows a commitment to its programs, the glaring gaps in governance and transparency are significant drawbacks. Without addressing these issues, the organization may struggle to gain the confidence of donors and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Islamorada Community Entertainment Inc legitimate?
Islamorada Community Entertainment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Islamorada Community Entertainment 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: $36,000
For more financial information, click here
What is the mission statement of Islamorada Community Entertainment Inc?
Islamorada Community Entertainment Inc is dedicated to providing the local community with theatrical and musical programs. One of its primary objectives is to contribute financially to the education of local students, aiding them in their pursuit of higher education in the fields of music, art, and theater. The organization was established with the intention of providing a platform for the local citizens to enjoy these performing arts, while simultaneously investing in the future of its young residents. By generating net proceeds from its activities, the organization is able to provide grants to these aspiring students, fostering their talents and passions in the performing arts.
Who is the CEO of Islamorada Community Entertainment Inc?
Dave Feder is the Director of Islamorada Community Entertainment Inc.
What is the revenue of Islamorada Community Entertainment Inc?
Islamorada Community Entertainment Inc's revenue in 2022 was $54,929.
Who are the executives of Islamorada Community Entertainment Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Islamorada Community Entertainment Inc?
Islamorada Community Entertainment Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Islamorada Community Entertainment Inc
Islamorada Community Entertainment Inc, a nonprofit organization, is dedicated to enriching its local community through theatrical and musical programs. Beyond just providing entertainment, the organization has a philanthropic mission. It allocates a portion of its earnings as net grants to support the educational pursuits of local students, particularly in the domains of music, art, and theater. This initiative aims to foster the talent and aspirations of the community's youth, enabling them to further develop their abilities in these fields through higher education.
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Impact
August, 2024
Islamorada Community Entertainment Inc's impact is felt through its provision of theatrical and musical programs for the local community. The organization's efforts not only enrich the cultural landscape of Islamorada, FL, but also support local students in pursuing their development through higher education. By offering a platform for artistic expression and talent, Islamorada Community Entertainment Inc contributes to the growth and fulfillment of aspiring artists and performers in the region.
This information is meant to be a general summary of Islamorada Community Entertainment 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 2022.
- Gross Receipts: $54,929
Assets and Liabilities:
- Total Assets: $40,764
- Total Liabilities: $0
- Net Assets: $40,764
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Organization Details
Founding Year
2005
Phone
(305) 852-6331Principal Officer
Dave Feder
Main Address
111 INDIAN MOUND TRAIL, ISLAMORADA, FL, 33070
NTEE Category
Code: A61 - Arts
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