Overview
What is Artshack Brooklyn Inc?
Artshack Brooklyn Inc is a nonprofit organization situated in Brooklyn, New York, specifically at 384 Waverly Avenue, 11238. The organization primarily generates revenue through offering a la carte ceramics classes and memberships to the public. Members pay a monthly fee, granting them 24-hour access to the communal studio. The organization's purpose is to foster creativity, self-respect, and empowerment in children, adults, and families through the use of ceramics. This is achieved by providing a platform for artistic expression and personal growth. With a workforce of 25 individuals, Artshack Brooklyn Inc plays an essential role in enriching the lives of its community members.
Official website here: www.artshackbrooklyn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69% (Two-Star out of Four Star rating)
Artshack Brooklyn Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance based solely on accountability and finance metrics. The score reflects strengths in areas such as having an independent board and effective audit oversight, which are positive indicators of governance and transparency.
The organization has achieved full marks for its independent board structure, with all members being independent, as well as for its financial oversight practices. However, it falls short in several critical policy areas, lacking a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which may raise concerns about its governance practices.
Financially, Artshack Brooklyn Inc's program expense ratio is strong at 83.56%, indicating a commitment to allocating resources toward its mission. However, a concerning liability to asset ratio of 88.48% suggests potential financial risks that could impact long-term sustainability. These factors combined depict a nonprofit that has areas of strength but also significant gaps in governance policies that need addressing for improved accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Artshack Brooklyn Inc legitimate?
Artshack Brooklyn Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Artshack Brooklyn 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: $100,204
Professional Fundraising Fees: $0
Other Salaries and Wages: $498,219
For more financial information, click here
Official website here: www.artshackbrooklyn.org
What is the mission statement of Artshack Brooklyn Inc?
Artshack Brooklyn Inc's primary mission, as stated, is to foster creativity, self-respect, and empowerment among children, adults, and families. They achieve this goal by utilizing ceramics as a medium. The organization derives a significant portion of its revenue through the offering of a la carte ceramics classes and memberships to the public. Members pay a monthly fee, granting them 24-hour access to the communal studio, providing a platform for individuals to engage with ceramics and cultivate personal growth.
Official website here: www.artshackbrooklyn.org
Who is the CEO of Artshack Brooklyn Inc?
Mckendree Key is the Director of Artshack Brooklyn Inc.
Official website here: www.artshackbrooklyn.org
What is the revenue of Artshack Brooklyn Inc?
Artshack Brooklyn Inc's revenue in 2022 was $1,528,687.
Official website here: www.artshackbrooklyn.org
Who are the executives of Artshack Brooklyn Inc and what are their salaries?
The average compensation at Artshack Brooklyn Inc during 2022 was $23,937. There are 25 employees and 25 volunteers at Artshack Brooklyn Inc.
Here are 9 key members and their salaries:
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Official website here: www.artshackbrooklyn.org
Where can I find the form 990 for Artshack Brooklyn Inc?
Artshack Brooklyn Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.artshackbrooklyn.org
Learn more at the official website: www.artshackbrooklyn.org
Mission Statement of Artshack Brooklyn Inc
Artshack Brooklyn Inc, as a nonprofit organization, is dedicated to fostering creativity, self-respect, and empowerment among children, adults, and families. They accomplish this mission through the utilization of ceramics. The primary focus of Artshack Brooklyn Inc is to provide a platform where individuals can explore their artistic abilities and build self-confidence.
The organization's approach to achieving this mission is multifaceted. It primarily generates revenue by offering a la carte ceramics classes and memberships to the general public. Members, upon paying a monthly fee, are granted 24-hour access to the communal studio. This setup allows individuals to engage with ceramics at their own pace and convenience, thereby enhancing their creative skills and boosting their self-esteem. By providing such opportunities, Artshack Brooklyn Inc contributes to the personal growth and empowerment of its participants.
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Impact
July, 2024
Artshack Brooklyn Inc's impact is evident in its commitment to fostering creativity, self-respect, and empowerment in children, adults, and families through the use of ceramics. By offering a range of ceramics classes and memberships to the public, the organization provides opportunities for individuals to explore their artistic skills and express themselves through this medium. Through its mission, Artshack Brooklyn Inc plays a vital role in enriching lives, promoting self-expression, and building a sense of community in Brooklyn, NY.
This information is meant to be a general summary of Artshack Brooklyn 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: $1,359,237
- Gross Receipts: $1,531,637
Assets and Liabilities:
- Total Assets: $1,837,951
- Total Liabilities: $1,626,343
- Net Assets: $211,608
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLASS & EVENT REVENUE
Revenue
$1,193,921
CAFE REVENUE
Revenue
$165,316
Organization Details
Founding Year
2016
Phone
(917) 251-5327Principal Officer
Mckendree Key
Main Address
384 WAVERLY AVENUE, BROOKLYN, NY, 11238
Website
www.artshackbrooklyn.orgNTEE Category
Code: A25 - Arts
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