Overview
What is Transformer Inc?
Transformer Inc, situated in Washington D.C., is a nonprofit organization dedicated to nurturing emerging artists. Their primary focus is on selling artwork created by these up-and-coming artists while implementing mentorship programs and ongoing professional development initiatives to help these artists grow. Transformer connects and promotes artists on a local, national, and international scale through public exhibitions and educational programs. Their mission is to offer a consistent, supportive, and professional platform for artists to explore and showcase innovative artistic concepts, expand their audiences, and progress in their careers. By doing so, they aim to foster greater dialogue, understanding, and appreciation for contemporary visual arts, with a team of six dedicated individuals.
Official website here: www.transformerdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Transformer Inc has earned an 81% score from Charity Navigator, reflecting a solid standing in accountability and finance, which is crucial for donor trust. The rating is derived from a single beacon score focused entirely on these aspects, indicating a strong emphasis on how well the organization manages its resources and adheres to governance standards.
The nonprofit boasts an impressive 93% of its board members being independent, which is a positive indicator of governance. Additionally, the organization has implemented robust policies including conflict of interest and whistleblower protections. They have a high program expense ratio of 90.50%, suggesting that the majority of its spending is directed toward its mission rather than administrative costs.
While the overall score is commendable, it is important for potential donors to consider that the rating is based solely on accountability and finance metrics. This means that while financial health is a strength, the organization’s effectiveness in program delivery and overall impact are not captured within this score.
This AI summary has been generated from information found on Charity Navigator.
Is Transformer Inc legitimate?
Transformer Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Transformer 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: $90,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $225,737
For more financial information, click here
Official website here: www.transformerdc.org
What is the mission statement of Transformer Inc?
Transformer Inc, as an artist-focused organization, is committed to serving as a steadfast and conducive platform for emerging artists on a local, national, and international scale. Their primary objective is to offer a supportive and professional environment where these artists can investigate and exhibit innovative artistic concepts, cultivate audiences for their work, and advance their careers. By doing so, they aim to stimulate dialogue, enhance understanding, and expand the audience base for contemporary visual arts. To accomplish this, Transformer Inc engages in activities such as selling artwork by emerging artists, establishing mentorship programs, and providing ongoing professional development opportunities to help artists strengthen their skills and navigate their careers independently.
Official website here: www.transformerdc.org
Who is the CEO of Transformer Inc?
Victoria L Reis is the Executive Director of Transformer Inc.
Official website here: www.transformerdc.org
What is the revenue of Transformer Inc?
Transformer Inc's revenue in 2022 was $584,830.
Official website here: www.transformerdc.org
Who are the executives of Transformer Inc and what are their salaries?
The average compensation at Transformer Inc during 2022 was $52,623. There are 6 employees and 10 volunteers at Transformer Inc.
Here are 16 key members and their salaries:
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Official website here: www.transformerdc.org
Where can I find the form 990 for Transformer Inc?
Transformer Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.transformerdc.org
Learn more at the official website: www.transformerdc.org
Mission Statement of Transformer Inc
Transformer Inc, an artist-centric organization, is committed to serving as a dependable and nurturing platform for emerging artists on a local, national, and international scale. This is achieved through public exhibitions and educational programs. The primary mission of Transformer Inc is to offer a conducive environment where these artists can delve into and exhibit unconventional artistic ideas, cultivate audiences for their work, and enhance their professional careers. By doing so, Transformer Inc aims to stimulate dialogue, foster understanding, and broaden the audience base for contemporary visual arts.
In pursuit of this mission, Transformer Inc engages in various activities. For instance, it sells artwork by emerging artists to support their creative endeavors. Additionally, the organization develops mentorship programs to guide and nurture these artists. Furthermore, Transformer Inc carries out ongoing professional development initiatives to equip these artists with the necessary skills to manage their careers effectively. In essence, Transformer Inc plays a pivotal role in empowering emerging artists by providing them with a consistent, encouraging, and professional space to explore and showcase their experimental artistic concepts.
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Impact
July, 2024
Transformer Inc's impact lies in providing a consistent, supportive, and professional platform for emerging artists to explore and present experimental artistic concepts. By connecting and promoting emerging artists locally, nationally, and internationally through public exhibitions and educational programs, Transformer Inc helps these artists build audiences for their work and advance their careers. Through the sale of emerging artists' artwork and the development of mentorship programs and ongoing professional development work, Transformer Inc significantly contributes to increasing dialogue, understanding, and audiences for contemporary visual arts.
This information is meant to be a general summary of Transformer 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.
- Program Service Revenue: $115,273
- Gross Receipts: $584,830
Assets and Liabilities:
- Total Assets: $77,625
- Total Liabilities: $151
- Net Assets: $77,474
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Auction
Revenue
$70,240
Artwork Exhibits
Revenue
$45,033
Organization Details
Founding Year
2002
Phone
(202) 483-1102Principal Officer
Victoria L Reis
Main Address
1404 P Street NW, Washington, DC, 20005
Website
www.transformerdc.orgNTEE Category
Code: A40 - Arts
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