Overview
What is South Texas Institute For The Arts?
The South Texas Institute for the Arts is a nonprofit organization situated in Corpus Christi, Texas, specifically at 1902 N Shoreline. Their primary mission is to foster awareness, knowledge, appreciation, and enjoyment of visual arts among the residents and visitors of South Texas. They achieve this by offering educational programs to the public and displaying art collections and exhibits, bringing art to the community. The institute operates educational facilities and an art museum, serving as a hub for art enthusiasts in the region.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
The South Texas Institute For The Arts has earned a Four-Star out of Four Star rating from Charity Navigator, reflecting its strong performance in Accountability and Finance. The high rating indicates that the organization effectively manages its resources and maintains transparency, with 94% in the Accountability & Finance score. Such a solid score is derived from a comprehensive evaluation of various criteria, showcasing the organization's commitment to responsible governance.
One of the standout features of this nonprofit is its governance structure, with 88% of its board members being independent, which promotes unbiased decision-making. The organization has also established robust policies, such as a conflict of interest policy and a whistleblower policy, both of which enhance its accountability. Additionally, the financial oversight is commendable, as evidenced by its audit and oversight committee receiving full marks.
While the organization’s program expense ratio stands at 68.34%, indicating a significant focus on its mission, it also maintains exceptional financial health as reflected in its liabilities to assets ratio of just 1.64%. Furthermore, the fundraising efficiency ratio is remarkably low at $0.02, demonstrating effective fundraising practices. Overall, the South Texas Institute For The Arts is a well-managed nonprofit with strong governance and financial practices, though ongoing monitoring of its program expenses and efficiency will be beneficial.
This AI summary has been generated from information found on Charity Navigator.
Is South Texas Institute For The Arts legitimate?
South Texas Institute For The Arts is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Texas Institute 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:
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What is the mission statement of South Texas Institute For The Arts?
The South Texas Institute for the Arts operates educational facilities and an art museum with the primary goal of enhancing the awareness, knowledge, appreciation, and enjoyment of visual arts among local residents and visitors. Through its educational programs, the institution aims to educate the public about various art forms. The institute displays its art collections and hosts exhibits to bring art to the public, thereby enabling them to engage with and appreciate the visual arts.
What is the revenue of South Texas Institute For The Arts?
South Texas Institute For The Arts's revenue in 2023 was $2,558,563.
Who are the executives of South Texas Institute For The Arts and what are their salaries?
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Where can I find the form 990 for South Texas Institute For The Arts?
South Texas Institute For The Arts's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of South Texas Institute For The Arts
The South Texas Institute for the Arts is dedicated to promoting the understanding, appreciation, and enjoyment of visual arts among the local community and visitors. To achieve this goal, the institution operates educational facilities and an art museum, serving as a platform to showcase various art collections and exhibits. By offering art education programs, the South Texas Institute for the Arts seeks to educate the public about the diverse aspects of the arts, thereby fostering a deeper connection and appreciation for this form of expression.
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Impact
July, 2024
The South Texas Institute For The Arts (STIA) has a significant impact on the community of South Texas by advancing awareness, knowledge, appreciation, and enjoyment of the visual arts. Through its educational facilities and art museum, STIA provides valuable art education programs to the public, helping to educate and engage individuals of all ages about the arts. By displaying art collections and exhibits, STIA brings art to the public, enriching the cultural landscape of Corpus Christi and beyond. Overall, STIA plays a vital role in promoting the arts and enhancing the artistic experience for residents and visitors of South Texas.
This information is meant to be a general summary of South Texas Institute 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 2023.
- Investment Income: $20,730
- Program Service Revenue: $340,430
- Gross Receipts: $2,875,603
Assets and Liabilities:
- Total Assets: $11,736,745
- Total Liabilities: $193,487
- Net Assets: $11,543,258
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS, TUITION &
Revenue
$237,107
CAFE & GIFT SHOP
Revenue
$103,323
Organization Details
Founding Year
1960
Principal Officer
Sara S Morgan
NTEE Category
Code: A200 - Arts
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