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Loveworks Academy For Visual And Performance Arts

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 753155906 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

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Overview

What is Loveworks Academy For Visual And Performance Arts?

Loveworks Academy for Visual and Performance Arts is a nonprofit organization situated in Minneapolis, Minnesota. With a focus on K-8 education, the academy prioritizes a supportive environment and employs a multifaceted approach to academics. The liberal arts curriculum undergoes regular evaluation and improvement, ensuring high standards and intellectual challenges tailored to various learning capabilities. The primary mission of Loveworks Academy is to foster lifelong learning, academically empower all students, and nurture artistic talents, aiming to instill passion and skill in the arts. The academy currently employs around 40 individuals, dedicated to upholding these goals.


Official website here: www.lwa-arts.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81% (Three-Star out of Four Star rating)

Loveworks Academy for Visual and Performance Arts has received a solid Three-Star rating from Charity Navigator, indicating a good level of accountability and financial practices. The organization achieved an overall score based solely on its Accountability & Finance, highlighting its commitment to transparency and effective governance.

One of the notable strengths of Loveworks is its strong independent board, with 71% of members being independent, which enhances its governance framework. The charity also excels in areas such as financial oversight, with no reported material diversion of assets and a robust audit process. High scores in conflict of interest and whistleblower policies further demonstrate its commitment to ethical practices.

Despite its strengths, the rating reflects a singular focus on Accountability & Finance, and potential donors might seek additional information about program effectiveness and impact. Overall, Loveworks demonstrates a solid foundation of financial responsibility and governance, making it a trustworthy option for supporters.


This AI summary has been generated from information found on Charity Navigator.

Is Loveworks Academy For Visual And Performance Arts legitimate?

Loveworks Academy For Visual And Performance Arts is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loveworks Academy For Visual And Performance 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: $212,273
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,113,720

For more financial information, click here


Official website here: www.lwa-arts.org

What is the mission statement of Loveworks Academy For Visual And Performance Arts?

Loveworks Academy For Visual And Performance Arts is dedicated to fostering a lifelong learning journey for all its students, both academically and artistically. Their mission is to provide an enriching environment that empowers each student, catering to their unique learning needs. The academy emphasizes intellectual rigor and continually improves its liberal arts curriculum and teaching methods to ensure holistic development. By nurturing the arts, Loveworks Academy aims to cultivate well-rounded individuals who are equipped for future learning and growth.


Official website here: www.lwa-arts.org

Who is the CEO of Loveworks Academy For Visual And Performance Arts?

Arthur Turner Iii is the Board Chair of Loveworks Academy For Visual And Performance Arts.


Official website here: www.lwa-arts.org

What is the revenue of Loveworks Academy For Visual And Performance Arts?

Loveworks Academy For Visual And Performance Arts's revenue in 2022 was $4,035,921.


Official website here: www.lwa-arts.org

Who are the executives of Loveworks Academy For Visual And Performance Arts and what are their salaries?

The average compensation at Loveworks Academy For Visual And Performance Arts during 2022 was $33,150. There are 40 employees and 5 volunteers at Loveworks Academy For Visual And Performance Arts.


Here are 8 key members and their salaries:


Raygen Gipson (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Billings (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karissa Crofoot (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Terrell (Community Representative)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeremy Harder (Teacher Representative)
  • Compensation: $55,071
  • Related: $0
  • Other: $9,044
Sophia Myllykangas (Parent Representative)
  • Compensation: $0
  • Related: $0
  • Other: $0
Zachary Hach (Teacher Representative)
  • Compensation: $50,038
  • Related: $0
  • Other: $10,512
Arthur Turner Iii (Executive Director)
  • Compensation: $97,392
  • Related: $0
  • Other: $18,005


Official website here: www.lwa-arts.org

Where can I find the form 990 for Loveworks Academy For Visual And Performance Arts?

Loveworks Academy For Visual And Performance Arts's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lwa-arts.org

Learn more at the official website: www.lwa-arts.org

Mission Statement of Loveworks Academy For Visual And Performance Arts

Loveworks Academy for Visual and Performance Arts is committed to inspiring a passion for lifelong learning in its students. The nonprofit organization aims to empower all learners academically, ensuring that each student reaches their full potential. Furthermore, Loveworks Academy is dedicated to nurturing the arts, recognizing the importance of creativity and self-expression in a well-rounded education. Through a multidisciplinary approach to academics, the institution fosters a nurturing environment where high expectations are set, and intellectual rigor is employed to cater to the diverse learning needs of its students.

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Impact




July, 2024

Loveworks Academy For Visual And Performance Arts inspires life-long learning, empowers all students academically, and nurtures the arts. This K-8 educational institution in Minneapolis, MN, provides a nurturing environment with a multidisciplinary approach to academics. Its liberal arts curricula and teaching methods are continuously evaluated and improved to meet the needs of all learners. By setting high expectations and utilizing intellectual rigor, Loveworks Academy has a significant impact on its students, helping them develop a love for learning, achieve academic success, and foster their artistic talents.




This information is meant to be a general summary of Loveworks Academy For Visual And Performance 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.

Revenue
$4,035,921 (2022)
Expenses
$2,970,874 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $15
  • Program Service Revenue: $8,061
  • Gross Receipts: $4,035,921

Assets and Liabilities:

  • Total Assets: $1,672,302
  • Total Liabilities: $2,681,009
  • Net Assets: -$1,008,707

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Miscellaneous revenue

Revenue

$7,361

Fees from patrons

Revenue

$700

Organization Details

Founding Year

2005

Principal Officer

Arthur Turner Iii

Main Address

900 MT Curve Avenue, Minneapolis, MN, 55403

NTEE Category

Code: B29 - Education

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