Overview
What is Locust Projects Inc?
Locust Projects Inc, a Miami-based nonprofit institution with six employees, serves as an alternative exhibition space for contemporary visual artists. Situated at 297 NE 67th Street, Miami, Florida 33138, this organization fills a gap between museums and commercial galleries by presenting site-specific artwork from both local, national, and international artists. By offering a platform where artists can experiment with new ideas and methods without the constraints of gallery sales or other limitations, Locust Projects Inc promotes the visual arts and fosters creativity, contributing to the cultural vibrancy of Miami.
Official website here: www.locustprojects.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 51% (One-Star out of Four Stars)
Locust Projects Inc has received a low rating of 51%, reflecting significant concerns regarding its accountability and finance practices. The overall score is based solely on this category, indicating that while the organization has some strengths, there are critical areas that need improvement. The high percentage of independent board members and the absence of material asset diversion are positive indicators, showcasing good governance in certain respects.
However, the organization is notably lacking in several key policies that are essential for transparency and accountability. The absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy has contributed to its low score in the Accountability & Finance category. Additionally, while the program expense ratio is moderately acceptable, it suggests that a larger portion of its budget may not be directed towards its mission-driven activities.
In conclusion, while Locust Projects Inc demonstrates certain strengths with its independent board and financial ratios, the lack of essential governance policies raises concerns about its overall accountability. Improvements in these areas could enhance the organization’s effectiveness and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Locust Projects Inc legitimate?
Locust Projects Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Locust Projects 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: $355,103
For more financial information, click here
Official website here: www.locustprojects.org
What is the mission statement of Locust Projects Inc?
Locust Projects Inc, functioning as an alternative, non-profit exhibition space, is committed to promoting the visual arts. They achieve this by offering contemporary artists the freedom to explore new ideas and techniques, free from the constraints of gallery sales or other limitations. The organization provides exhibition space and public exposure for site-specific visual artwork, bridging the gap between museums and commercial galleries. By presenting works of various local, national, and international artists, Locust Projects Inc fosters an environment that encourages artistic experimentation and innovation.
Official website here: www.locustprojects.org
Who is the CEO of Locust Projects Inc?
Debra Scholl is the Director of Locust Projects Inc.
Official website here: www.locustprojects.org
What is the revenue of Locust Projects Inc?
Locust Projects Inc's revenue in 2022 was $893,712.
Official website here: www.locustprojects.org
Who are the executives of Locust Projects Inc and what are their salaries?
The average compensation at Locust Projects Inc during 2022 was $59,184. There are 6 employees at Locust Projects Inc.
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Official website here: www.locustprojects.org
Where can I find the form 990 for Locust Projects Inc?
Locust Projects Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.locustprojects.org
Learn more at the official website: www.locustprojects.org
Mission Statement of Locust Projects Inc
Locust Projects Inc, a non-profit organization, is dedicated to championing the visual arts. Their mission is to serve as an alternative exhibition space, bridging the gap between established museums and commercial galleries. By providing contemporary visual artists with a platform, Locust Projects encourages experimentation and the exploration of innovative ideas and techniques, free from the pressures of sales or other limitations. This freedom allows artists to showcase their site-specific works, ensuring a unique and engaging experience for the public. Through this approach, Locust Projects Inc plays a significant role in supporting and promoting the visual arts community.
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Impact
July, 2024
Locust Projects Inc's impact lies in its unique role as an alternative exhibition space dedicated to providing contemporary visual artists the freedom to experiment with new ideas and methods without the pressures of gallery sales or other limitations. By filling the gap between museums and commercial galleries, Locust Projects Inc promotes the visual arts by providing exhibition space for site-specific artwork, presenting works by local, national, and international artists. Through this platform, artists are able to explore and showcase their creativity in a supportive environment, contributing to the cultural vibrancy of Miami and beyond.
This information is meant to be a general summary of Locust Projects 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.
- Investment Income: $105
- Program Service Revenue: $18,351
- Gross Receipts: $893,712
Assets and Liabilities:
- Total Assets: $222,802
- Total Liabilities: $43,447
- Net Assets: $179,355
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES-ARTISTS EDITION
Revenue
$18,351
Organization Details
Founding Year
2001
Phone
(305) 576-8570Principal Officer
Debra Scholl
Main Address
297 NE 67TH STREET, MIAMI, FL, 33138
Website
www.locustprojects.orgNTEE Category
Code: A20 - Arts
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