Overview
What is Cherry Arts?
Cherry Arts is a 501c3 nonprofit organization located at 2 Steele Street Apt B-100, Denver, CO 80206. Their primary mission is to promote art experiences and support arts education in Colorado. They achieve this by organizing the Cherry Creek Arts Festival, a free event that attracts approximately 350,000 attendees. The festival features a juried exhibition of artworks from various states and countries, offering an interactive visual arts experience. With a team of six dedicated individuals, Cherry Arts contributes significantly to the artistic community in Colorado.
Official website here: www.cherryarts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
Cherry Arts has received a favorable rating of 87% from Charity Navigator, which highlights the organization's strong performance in accountability and finance. The charity's board is fully independent, and it maintains robust oversight measures, ensuring transparency in its financial dealings. These strengths contribute to a positive perception of the organization's management and governance practices.
However, while Cherry Arts demonstrates solid financial accountability, there are areas for improvement, particularly in program expenses and fundraising efficiency. The program expense ratio is at 71.41%, which is decent but indicates that there may be room for enhancing the effectiveness of its programs. Additionally, the fundraising efficiency ratio of $0.14 suggests that a significant portion of donations may be spent on fundraising efforts, which could impact the overall resources available for programs.
Overall, Cherry Arts shows commendable accountability through independent governance and financial integrity, which are vital for donor trust. Addressing the noted limitations in program spending and fundraising could further enhance its impact and sustainability as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Cherry Arts?
88% of 725 reviewers on Facebook recommend Cherry Arts. Here is a summary of their reviews: A long-time attendee highlights their consistent amazement at the quality and caliber of the artists showcased, suggesting that the nonprofit delivers a memorable experience that keeps people coming back year after year.
Overall, users appreciate the artistic events offered and recognize the value of attending. While some mention that certain years have been stronger than others, the emphasis remains on the impressive talent featured, indicating a generally positive sentiment towards the organization's efforts in the arts community.
In essence, Cherry Arts seems to successfully engage its audience with remarkable performances and showcases, maintaining a loyal following over the years.
This AI summary has been generated from reviews found on Facebook.
Is Cherry Arts legitimate?
Cherry Arts is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cherry 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: $115,059
Professional Fundraising Fees: $0
Other Salaries and Wages: $162,658
For more financial information, click here
Official website here: www.cherryarts.org
What is the mission statement of Cherry Arts?
Cherry Arts, as a 501c3 non-profit organization, is committed to providing access to diverse art experiences and supporting arts education in Colorado. Their primary activity is the Cherry Creek Arts Festival, which offers a free, interactive visual arts experience to approximately 350,000 attendees. The festival features works of art from artists across various states and countries, showcasing a wide range of artistic talents. By providing this platform, Cherry Arts aims to foster an appreciation for art and contribute to the educational growth of its community.
Official website here: www.cherryarts.org
Who is the CEO of Cherry Arts?
Joanne Reilly is the Secretary Treasurer of Cherry Arts. The CEO's salary of Cherry Arts is $115,059 and their total compensation is $126,009.
Official website here: www.cherryarts.org
What is the revenue of Cherry Arts?
Cherry Arts's revenue in 2022 was $3,413,779.
Official website here: www.cherryarts.org
Who are the executives of Cherry Arts and what are their salaries?
The average compensation at Cherry Arts during 2022 was $46,286. There are 6 employees and 175 volunteers at Cherry Arts.
Here are 17 key members and their salaries (Cherry Arts's CEO's salary is $115,059 and their total compensation is $126,009):
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- Other: $10,950
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Official website here: www.cherryarts.org
Where can I find the form 990 for Cherry Arts?
Cherry Arts's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cherryarts.org
Learn more at the official website: www.cherryarts.org
Mission Statement of Cherry Arts
Cherry Arts, a 501c3 non-profit organization, is committed to providing access to art experiences and supporting arts education in Colorado. At the heart of its mission is the Cherry Creek Arts Festival, an annual event that offers a free, interactive visual arts experience to approximately 350,000 attendees. The festival features a juried exhibition, showcasing artists from various states and countries, allowing them to present their artistic works. By doing so, Cherry Arts contributes to the cultural enrichment of its community, fostering an appreciation for the arts and nurturing the creative spirit.
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Impact
July, 2024
Cherry Arts, through its Cherry Creek Arts Festival, has a significant impact on the arts community in Colorado. By providing a platform for artists from various states and countries to showcase their works of art, the festival not only supports local artists but also fosters cultural exchange and appreciation. With approximately 350,000 attendees, the festival offers free, interactive visual arts experiences, ensuring that art is accessible to a wide audience. Through its mission to provide access to art experiences and support arts education, Cherry Arts is making a tangible difference in promoting creativity and artistic expression in the community.
This information is meant to be a general summary of Cherry 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: $74,966
- Program Service Revenue: $662,000
- Gross Receipts: $3,564,303
Assets and Liabilities:
- Total Assets: $3,375,483
- Total Liabilities: $337,631
- Net Assets: $3,037,852
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Artist Application Exhibitor Fees
Revenue
$263,888
Food Beverage Merchandise Sales
Revenue
$191,547
Education Outreach
Revenue
$3,775
Vendor Fees
Revenue
$202,790
Organization Details
Founding Year
1989
Phone
(303) 355-2787Principal Officer
Joanne Reilly
Main Address
2 STEELE STREET APT B-100, DENVER, CO, 80206
Website
www.cherryarts.orgNTEE Category
Code: A400 - Arts
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