Overview
What is The Cullen Trust For The Performing Arts?
The Cullen Trust for the Performing Arts is a public charitable trust based in Houston, Texas. Established as a supporting organization, it primarily benefits performing arts institutions within the Lone Star State, focusing on those in the Greater Metropolitan Houston area. The trust adheres to the Internal Revenue Code, supporting organizations that fall under section 501(c)(3) and are not classified as private foundations. In line with its mission, the trust does not grant funds to supporting organizations as per its policy. The Cullen Trust for the Performing Arts operates to foster and uplift the performing arts scene in Texas, particularly in the Houston metropolitan region.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
The Cullen Trust For The Performing Arts has earned a strong Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. The charity's impressive score is solely derived from its accountability and finance metrics, which indicate robust financial practices and transparency.
One of the standout features of the organization is its governance structure, with 100% of its board members being independent, ensuring no conflicts of interest. Additionally, the organization has implemented comprehensive policies, including those for conflict of interest and whistleblowing, further enhancing its credibility.
However, while the program expense ratio is commendable at 78.78%, it is essential for potential donors to consider this alongside the charity's overall mission and impact. The organization demonstrates no material diversion of assets and maintains a favorable liabilities to assets ratio, indicating a healthy financial position.
This AI summary has been generated from information found on Charity Navigator.
Is The Cullen Trust For The Performing Arts legitimate?
The Cullen Trust For The Performing Arts is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Cullen Trust For The Performing Arts 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: $0
For more financial information, click here
What is the mission statement of The Cullen Trust For The Performing Arts?
The Cullen Trust for the Performing Arts is a charitable trust established to support performing arts institutions in Texas, with a focus on benefiting organizations within the Greater Metropolitan Houston area. The trust operates with the objective of advancing the interests of section 501(c)(3) organizations that are not private foundations, as outlined in the Internal Revenue Code. The trust does not provide grants to supporting organizations as per its policy. In essence, it exists to promote and aid the performing arts sector in Texas, particularly in and around the Greater Metropolitan Houston region.
What is the revenue of The Cullen Trust For The Performing Arts?
The Cullen Trust For The Performing Arts's revenue in 2023 was $9,784,297.
Who are the executives of The Cullen Trust For The Performing Arts and what are their salaries?
There 8 volunteers at The Cullen Trust For The Performing Arts.
Here are 8 key members and their salaries:
- Compensation: $0
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Cullen Trust For The Performing Arts?
The Cullen Trust For The Performing Arts's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Cullen Trust For The Performing Arts
The Cullen Trust for the Performing Arts is a public charitable trust dedicated to supporting performing arts institutions across Texas, with a particular focus on those situated within the Greater Metropolitan Houston area. Established as a benefactor for these organizations, The Trust's mission revolves around elevating the arts scene in the Lone Star State, primarily in the Houston metropolis.
As specified in the Trust Agreement, The Cullen Trust for the Performing Arts grants funds to eligible organizations that fall under the 501(c)(3) category and do not qualify as private foundations under section 509(a). The trust's preference for institutions within the Greater Metropolitan Houston area stems from its commitment to fostering the artistic community in this region. The Trust's grants play a crucial role in strengthening the financial foundation of the beneficiary organizations, enabling them to further develop and deliver top-notch artistic experiences to their audiences.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Cullen Trust for the Performing Arts significantly enhances the cultural landscape of Texas, particularly in the Greater Metropolitan Houston area. By providing financial support to performing arts institutions, it fosters the growth and sustainability of diverse artistic initiatives. This engagement not only helps preserve local arts organizations but also enriches the community's cultural offerings, making the performing arts more accessible to a broader audience.
Through its targeted funding, the Trust empowers institutions to develop innovative programs, host performances, and secure necessary resources, enabling them to thrive in a competitive environment. Its impact extends beyond financial contributions; it also inspires collaboration among various arts entities, fostering a vibrant ecosystem in the performing arts sector. The Trust’s commitment to supporting local organizations ensures that the region's rich artistic heritage continues to flourish, benefiting both artists and audiences alike.
This information is meant to be a general summary of The Cullen Trust For The Performing Arts. 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: $3,766,446
- Gross Receipts: $25,092,016
Assets and Liabilities:
- Total Assets: $99,363,815
- Total Liabilities: $0
- Net Assets: $99,363,815
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1979
Principal Officer
Cornelia Zilkha
NTEE Category
Code: A126 - Arts
If you are a representative of The Cullen Trust For The Performing Arts and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.