Overview
What is Colorado Business Committee For The Arts?
Colorado Business Committee for the Arts (CBCA) is a pivotal nonprofit organization based in Denver, Colorado. Established in 1985, CBCA's mission lies in fostering connections between the business and arts sectors to advance Colorado's creative economy. They achieve this goal through advocacy, research, training, volunteerism, and arts engagement initiatives. In 2022, the organization served over 2,280 individuals through various programs and events, which were both virtual and in-person. CBCA hosted or partnered on 45 events, including the Annual Business for the Arts Awards Luncheon and ArtsConnect events, offering free cultural opportunities for members. The organization boasts a workforce of 5 dedicated individuals.
Official website here: www.cbca.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89%, Three-Star out of Four Star rating.
The Colorado Business Committee For The Arts received a strong score of 89%, indicating good accountability and finance practices. The organization excels in governance, with an entirely independent board and high marks for its audit and oversight committee. This demonstrates a commitment to responsible management and transparency in operations.
Strengths include a solid financial structure, as evidenced by a favorable liabilities to assets ratio and a significant portion of expenses directed towards programs. The organization has effectively implemented policies such as conflict of interest and whistleblower protections, further enhancing its accountability. The comprehensive documentation of board meeting minutes also reflects a commitment to transparency.
However, there are areas for improvement, particularly in the program expense ratio, which, while solid at 66.48%, leaves room for further investment in programs. Overall, the Colorado Business Committee For The Arts shows a strong commitment to fiscal responsibility and governance, making it a reliable option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Colorado Business Committee For The Arts?
86% of 19 reviewers on Facebook recommend the Colorado Business Committee For The Arts. Here is a summary of their reviews:
Many users express enthusiasm for the organization's mission to empower the arts in Colorado. They appreciate the committee's efforts to foster collaboration between businesses and artists, suggesting that it plays a vital role in enhancing the local arts scene. The commitment to supporting creative initiatives resonates well with individuals who believe in the transformative power of the arts.
Overall, the sentiment surrounding this nonprofit is positive, highlighting its impact on the community and the value it brings by bridging the gap between the business sector and the artistic world. Reviewers seem pleased with the initiatives and support provided, indicating that the Colorado Business Committee For The Arts is making a noteworthy difference.
This AI summary has been generated from reviews found on Facebook.
Is Colorado Business Committee For The Arts legitimate?
Colorado Business Committee For The Arts is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colorado Business Committee For The 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: $119,826
Professional Fundraising Fees: $0
Other Salaries and Wages: $233,058
For more financial information, click here
Official website here: www.cbca.org
What is the mission statement of Colorado Business Committee For The Arts?
The Colorado Business Committee for the Arts (CBCA) aims to foster the growth of Colorado's creative economy by bridging the gap between business and arts. They accomplish this mission through various strategies such as statewide advocacy, research, training, volunteerism, and arts engagement initiatives. The committee has been forging inspiring arts and business partnerships since its establishment in 1985. In 2022, over 2,280 individuals benefited from CBCA's programs and events, which included both virtual and in-person events, such as the ArtsConnect events and the Annual Business for the Arts Awards Luncheon.
Official website here: www.cbca.org
Who is the CEO of Colorado Business Committee For The Arts?
Christin Crampton Day is the Executive Di of Colorado Business Committee For The Arts.
Official website here: www.cbca.org
What is the revenue of Colorado Business Committee For The Arts?
Colorado Business Committee For The Arts's revenue in 2022 was $616,046.
Official website here: www.cbca.org
Who are the executives of Colorado Business Committee For The Arts and what are their salaries?
The average compensation at Colorado Business Committee For The Arts during 2022 was $70,577. There are 5 employees and 200 volunteers at Colorado Business Committee For The Arts.
Here are 27 key members and their salaries:
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Official website here: www.cbca.org
Where can I find the form 990 for Colorado Business Committee For The Arts?
Colorado Business Committee For The Arts's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cbca.org
Learn more at the official website: www.cbca.org
Mission Statement of Colorado Business Committee For The Arts
The Colorado Business Committee for the Arts, abbreviated as CBCA, aims to foster Colorado's creative economy by bridging the gap between business and arts. Since its establishment in 1985, CBCA has been instrumental in forging inspiring partnerships between these two sectors. The organization accomplishes this mission through various means, including statewide advocacy, research, training, volunteerism, and arts engagement efforts. By connecting businesses and artists, CBCA strives to enhance the cultural landscape of Colorado, ultimately contributing to its economic growth. In 2022, over 2,280 individuals benefited from CBCA's programs and events, which were attended by a diverse range of individuals such as business professionals, arts administrators, artists, elected officials, and more.
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Impact
July, 2024
Colorado Business Committee For the Arts has a significant impact on advancing Colorado's creative economy by connecting business and arts. In 2022, over 2,280 people were served through CBCA's various programs and events, including business professionals, arts administrators, artists, elected officials, and more. The organization hosted or partnered on 45 events throughout the year, offering free cultural opportunities for CBCA members and a successful return of the annual Business for the Arts Awards luncheon featuring statewide award honorees and diverse live performances.
This information is meant to be a general summary of Colorado Business Committee For The 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 2022.
- Investment Income: $96
- Program Service Revenue: $94,886
- Gross Receipts: $669,529
Assets and Liabilities:
- Total Assets: $421,084
- Total Liabilities: $132,242
- Net Assets: $288,842
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATIONS
Revenue
$94,886
Organization Details
Founding Year
1985
Phone
(720) 428-6720Principal Officer
Christin Crampton Day
Main Address
789 SHERMAN ST SUITE 280, DENVER, CO, 80203
Website
www.cbca.orgNTEE Category
Code: A26Z - Arts
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