Overview
What is Inspiration Point Fine Arts Colony?
Inspiration Point Fine Arts Colony is a distinguished nonprofit organization located in Eureka Springs, Arkansas. With a focus on music education and lifelong learning, the organization serves as a regional hub, offering comprehensive training in vocal, instrumental, and orchestral performances. The mission of Inspiration Point Fine Arts Colony, also known as Opera in the Ozarks, is to foster an environment where individuals can hone their skills and showcase their talents on the performance stage. The organization employs a modest workforce of three dedicated individuals, contributing to the growth and development of music enthusiasts in the community.
Official website here: www.opera.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92% (Four-Star out of Four Star rating)
Inspiration Point Fine Arts Colony has demonstrated a strong commitment to accountability and financial management, achieving a 92% score from Charity Navigator. This rating is significant as it reflects the organization's effective use of resources, with a program expense ratio of 76.80%, indicating that a large portion of its funds is directed towards its mission-related activities. The organization has also maintained a healthy liabilities to assets ratio of 11.37%, showcasing its financial stability.
The nonprofit boasts an independent board composed entirely of members who provide oversight, scoring a perfect 10 out of 10 in that area. Furthermore, the organization has established a solid governance framework, evidenced by its well-documented financial statements and the absence of any material diversion of assets. These factors contribute to the overall perception of the organization as trustworthy and effective.
However, there are some areas for improvement, particularly concerning transparency policies. Inspiration Point Fine Arts Colony lacks a whistleblower policy and a document retention and destruction policy, both of which received a score of zero. Addressing these gaps could enhance their governance framework and overall accountability, which would further strengthen the organization's reputation.
This AI summary has been generated from information found on Charity Navigator.
Is Inspiration Point Fine Arts Colony legitimate?
Inspiration Point Fine Arts Colony is a legitimate nonprofit organization registered as a 501(c)(3) entity. Inspiration Point Fine Arts Colony 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: $63,550
Professional Fundraising Fees: $0
Other Salaries and Wages: $100,995
For more financial information, click here
Official website here: www.opera.org
What is the mission statement of Inspiration Point Fine Arts Colony?
The Inspiration Point Fine Arts Colony serves as a regional hub for lifelong learning in music, offering comprehensive training in various musical disciplines such as vocal, instrumental, and orchestral performances. The organization's primary goal is to nurture and prepare individuals for the performance stage, providing an extensive educational platform for their musical development.
Official website here: www.opera.org
What is the revenue of Inspiration Point Fine Arts Colony?
Inspiration Point Fine Arts Colony's revenue in 2024 was $18,951,345.
Official website here: www.opera.org
Who are the executives of Inspiration Point Fine Arts Colony and what are their salaries?
The average compensation at Inspiration Point Fine Arts Colony during 2024 was $54,848. There are 3 employees and 45 volunteers at Inspiration Point Fine Arts Colony.
Here are 26 key members and their salaries:
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Official website here: www.opera.org
Where can I find the form 990 for Inspiration Point Fine Arts Colony?
Inspiration Point Fine Arts Colony's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.opera.org
Learn more at the official website: www.opera.org
Mission Statement of Inspiration Point Fine Arts Colony
Inspiration Point Fine Arts Colony serves as a regional hub for continuous learning in music, with a focus on vocal, instrumental, and orchestral performances. This nonprofit organization offers extensive training aimed at preparing individuals for the performance stage. Its mission is to foster an environment that encourages lifelong learning and growth in the realm of music, thereby contributing to the development of skilled musicians.
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Impact
July, 2024
Inspiration Point Fine Arts Colony serves as a hub for lifelong learning in music, offering extensive training for vocal, instrumental, and orchestral performance. Located in Eureka Springs, Arkansas, the organization plays a vital role in fostering musical development and artistic expression within the community. By providing a platform for individuals to enhance their musical abilities and cultivate their passion for the arts, Inspiration Point Fine Arts Colony makes a significant impact on the local cultural landscape. Through its dedication to music education and performance opportunities, the colony enriches the lives of participants and contributes to the growth and appreciation of the arts in the region.
This information is meant to be a general summary of Inspiration Point Fine Arts Colony. 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 2024.
- Investment Income: $169,207
- Program Service Revenue: $206,345
- Gross Receipts: $33,520,260
Assets and Liabilities:
- Total Assets: $3,726,831
- Total Liabilities: $44,985
- Net Assets: $3,681,846
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OPERA ADMISSION
Revenue
$107,634
OPERA TUITION
Revenue
$78,700
ADVERTISING INCOME
Revenue
$15,295
AUDITION FEES
Revenue
$4,716
Organization Details
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