Overview
What is The Hobby Center Foundation?
The Hobby Center Foundation is a nonprofit organization based in Houston, Texas, with a US address at 800 Bagby 300. Its primary mission is to develop, manage, and maintain The Hobby Center for the Performing Arts on behalf of the City of Houston. The foundation contributes to the community by offering premier facilities for resident companies, professional attractions, and community events. It broadens the accessibility and quality of cultural offerings for the public, supports arts education and outreach programs, and enhances the cultural landscape of Houston, Harris County, and the surrounding region. The Hobby Center Foundation presents performing arts and educational programs at The Hobby Center for the Performing Arts, acting as a hub for artmakers, arts organizations, and diverse audiences. With a team of 86 employees, the foundation fosters a sense of belonging and connection within the community, deepening our shared human experiences.
Official website here: www.thehobbycenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Hobby Center Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and finance. The organization excels in several areas, with a perfect score in Accountability & Finance, showcasing effective governance practices and financial health. Notably, the foundation has a high percentage of independent board members and has demonstrated rigorous financial oversight through its audit and oversight committee.
The foundation maintains a low liabilities to assets ratio and allocates a significant portion of its expenses directly to programs, further emphasizing its fiscal responsibility. With established policies in place for conflict of interest, whistleblowing, and document retention, the organization exemplifies transparency and ethical management. These strengths contribute to a high level of trust among donors and stakeholders.
While the data indicates strong financial health and governance, there are no specific limitations or concerns highlighted in the ratings. Overall, The Hobby Center Foundation stands out as a well-managed nonprofit dedicated to its mission, making it a trustworthy choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is The Hobby Center Foundation legitimate?
The Hobby Center Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Hobby Center Foundation 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: $963,729
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,118,532
For more financial information, click here
Official website here: www.thehobbycenter.org
What is the mission statement of The Hobby Center Foundation?
The Hobby Center Foundation strives to bring people together through the presentation of performing arts and educational programs. By serving as a connector, convenor, and incubator, the foundation aims to deepen our collective understanding of humanity and foster a sense of belonging in our communities. The engaging performances and educational offerings provided by the foundation contribute to shaping a more cohesive and connected society. Through the power of art and learning, the Hobby Center Foundation strengthens the bonds between Houston audiences, artists, and organizations.
Official website here: www.thehobbycenter.org
Who is the CEO of The Hobby Center Foundation?
Mark Folkes is the CEO of The Hobby Center Foundation The CEO's salary of The Hobby Center Foundation is $127,082 and their total compensation is $130,319.
Official website here: www.thehobbycenter.org
What is the revenue of The Hobby Center Foundation?
The Hobby Center Foundation's revenue in 2023 was $39,846,729.
Official website here: www.thehobbycenter.org
Who are the executives of The Hobby Center Foundation and what are their salaries?
The average compensation at The Hobby Center Foundation during 2023 was $40,823. There are 100 employees and 350 volunteers at The Hobby Center Foundation.
Here are 26 key members and their salaries (The Hobby Center Foundation's CEO's salary is $127,082 and their total compensation is $130,319):
- Compensation: $127,082
- Related: $0
- Other: $3,237
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- Compensation: $228,827
- Related: $0
- Other: $23,911
- Compensation: $234,941
- Related: $0
- Other: $34,699
- Compensation: $203,193
- Related: $0
- Other: $25,181
- Compensation: $124,978
- Related: $0
- Other: $34,691
- Compensation: $122,529
- Related: $0
- Other: $20,241
- Compensation: $129,189
- Related: $0
- Other: $34,980
Official website here: www.thehobbycenter.org
Where can I find the form 990 for The Hobby Center Foundation?
The Hobby Center Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thehobbycenter.org
Learn more at the official website: www.thehobbycenter.org
Mission Statement of The Hobby Center Foundation
The Hobby Center Foundation is a remarkable organization that presents performing arts and educational programs at The Hobby Center for the Performing Arts. In essence, it serves as a bridge, a convener, and a nurturing ground for diverse Houston audiences, artists, and arts organizations. By offering captivating performances and enriching educational programs, The Hobby Center Foundation fosters a deeper appreciation of our common humanity and strengthens the sense of community cohesion in Houston.
The Foundation's mission goes beyond just presenting artistic productions. It aims to connect people from all walks of life, bringing them closer together through shared experiences. The Hobby Center for the Performing Arts is a cultural hub that encourages dialogue, understanding, and empathy among its visitors. The engaging performances and educational programs serve as opportunities for individuals to broaden their perspectives and build lasting connections with one another.
Moreover, The Hobby Center Foundation functions as an incubator, providing support and resources to local arts organizations and emerging artists. This nurturing role allows these groups to thrive and contribute to the rich cultural landscape of Houston. By championing their growth, The Hobby Center Foundation enriches the community with a vibrant and diverse artistic scene.
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Impact
October, 2024
The Hobby Center Foundation has a significant impact on the cultural landscape of Houston and the surrounding region. By managing and maintaining The Hobby Center for the Performing Arts, it provides a premier venue for resident companies and a diverse array of professional and community attractions.
Through its commitment to broadening the range and quality of cultural offerings, the Foundation enhances community access to the arts. It fosters a vibrant environment that encourages participation in arts education and outreach programs, ultimately enriching the cultural quality of life in Houston and Harris County.
Additionally, the Foundation acts as a connector and convenor for audiences, artists, and arts organizations. By presenting engaging performances and educational opportunities, it deepens understanding of our shared humanity and strengthens community bonds. This impactful work not only enriches the lives of individuals but also cultivates a more cohesive and connected Houston community.
This information is meant to be a general summary of The Hobby Center Foundation. 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: $356,006
- Program Service Revenue: $37,265,509
- Gross Receipts: $44,867,291
Assets and Liabilities:
- Total Assets: $77,710,927
- Total Liabilities: $11,083,880
- Net Assets: $66,627,047
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Production program
Revenue
$27,013,294
Hobby Center usage fees
Revenue
$10,158,164
Patron donor benefits
Revenue
$94,051
Organization Details
Founding Year
1994
Principal Officer
Mark Folkes
Website
www.thehobbycenter.orgNTEE Category
Code: A116 - Arts
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