Overview
What is Artcentre Of Plano Inc?
ArtCentre of Plano Inc is a dedicated nonprofit organization situated within the community, whose primary aim is to foster and uphold artistic excellence and inclusivity. They achieve this goal through a multitude of programs, such as hosting art exhibitions and engaging in outreach initiatives. The organization's mission is centered around encouraging, supporting, and promoting diversity in the arts and arts education, contributing significantly to the local cultural scene.
Official website here: www.artcentreofplano.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (50%)
The Artcentre of Plano Inc has earned a 1-Star rating from Charity Navigator, indicating significant concerns regarding its financial accountability and transparency. While the organization scores well in areas such as board independence and the establishment of key policies, it struggles particularly with its financial ratios, specifically the program expense ratio, which stands at only 25.66%. This suggests that a substantial portion of its budget may not be directed toward program services.
Strengths of the organization include a fully independent board and the presence of essential governance policies, such as conflict of interest and whistleblower policies. Furthermore, it demonstrates good practices by documenting board meeting minutes and including its website on tax forms. However, its financial management raises red flags, with a high liabilities to assets ratio of 0.80%, indicating potential risks in financial stability and sustainability.
One area of notable weakness is the absence of the nonprofit's tax form on its website, which is vital for transparency and public trust. Additionally, the salaries of key personnel, such as the Executive Director making $86,500, may raise questions regarding the allocation of funds. Overall, while Artcentre of Plano Inc has some commendable governance practices, significant financial and transparency issues need to be addressed to improve its standing and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Artcentre Of Plano Inc legitimate?
Artcentre Of Plano Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Artcentre Of Plano Inc 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: $167,343
For more financial information, click here
Official website here: www.artcentreofplano.org
What is the mission statement of Artcentre Of Plano Inc?
The ArtCentre of Plano, as an organization, is committed to fostering, upholding, and celebrating artistic excellence and diversity within the realm of arts education in the community. This mission is accomplished through a range of initiatives, such as hosting art exhibitions and engaging in outreach programs. The ArtCentre of Plano serves as a catalyst for promoting artistic growth and diversity, thereby enriching the local community's cultural landscape.
Official website here: www.artcentreofplano.org
Who is the CEO of Artcentre Of Plano Inc?
Suzanne Jones is the Executive Director of Artcentre Of Plano Inc.
Official website here: www.artcentreofplano.org
What is the revenue of Artcentre Of Plano Inc?
Artcentre Of Plano Inc's revenue in 2022 was $584,752.
Official website here: www.artcentreofplano.org
Who are the executives of Artcentre Of Plano Inc and what are their salaries?
The average compensation at Artcentre Of Plano Inc during 2022 was $167,343. There is 1 employee and 80 volunteers at Artcentre Of Plano Inc.
Here are 17 key members and their salaries:
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Official website here: www.artcentreofplano.org
Where can I find the form 990 for Artcentre Of Plano Inc?
Artcentre Of Plano Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.artcentreofplano.org
Learn more at the official website: www.artcentreofplano.org
Mission Statement of Artcentre Of Plano Inc
Artcentre Of Plano Inc is committed to fostering and championing excellence and diversity in the realm of arts and arts education within its community. The nonprofit organization undertakes this mission through a variety of initiatives, such as hosting art exhibitions and engaging in outreach programs. By doing so, Artcentre Of Plano Inc serves to encourage and support both established and emerging artists, as well as to promote a diverse range of artistic expressions. In this way, the organization plays a vital role in nurturing a vibrant and inclusive arts scene within its community.
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Impact
July, 2024
The ArtCentre of Plano Inc plays a pivotal role in fostering excellence and diversity in the arts and arts education within the community of Plano. Through its various programs, such as art exhibitions and outreach initiatives, the organization actively encourages and supports local artists, thus enriching the cultural landscape of the city. Additionally, by promoting artistic diversity, the ArtCentre of Plano helps create a vibrant and inclusive community that values creativity and artistic expression.
This information is meant to be a general summary of Artcentre Of Plano Inc. 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: $48,478
- Program Service Revenue: $17,651
- Gross Receipts: $584,752
Assets and Liabilities:
- Total Assets: $591,715
- Total Liabilities: $591,715
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Various programs
Revenue
$17,651
Organization Details
Founding Year
1981
Phone
(972) 423-7809Principal Officer
Suzanne Jones
Main Address
PO Box 860353, Plano, TX, 75086
Website
www.artcentreofplano.orgNTEE Category
Code: A40 - Arts
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