Overview
What is Front Exhibition Company?
Front Exhibition Company is a nonprofit organization situated in Cleveland, Ohio, with a postal address at 1460 WEST 29TH STREET. Its primary mission is to organize and carry out the triennial contemporary art event known as Front International: Cleveland Triennial for Contemporary Art. This event showcases new works by local, national, and international artists, engaging with pressing social, political, and cultural issues of our time. The triennial was originally scheduled for July 2021 but was postponed to July 2022 due to the COVID-19 pandemic. Front's aim is to stimulate economic growth and opportunities through cultural tourism, strengthen the local creative community, and enhance Cleveland's and Northeast Ohio's brand by presenting a more sophisticated view of its arts and culture resources. The organization is led by a team of 4 dedicated individuals.
Official website here: www.frontart.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
Front Exhibition Company has achieved a Three-Star rating from Charity Navigator, reflecting a solid accountability and finance score of 75%. This rating indicates that while the organization demonstrates effective financial oversight through a well-structured independent board and strong audit practices, there are areas that require improvement, particularly in governance policies.
The organization boasts a majority of independent board members and has received full points for its financial statements and the absence of material diversion of assets. However, it lacks critical policies such as whistleblower and document retention policies, which contributed to lower scores in governance aspects. Furthermore, while its fundraising efficiency is commendable, the program expense ratio indicates that a significant portion of funds may not be allocated directly to programs.
In terms of financial health, Front Exhibition Company has a liabilities to assets ratio of 45.39%, which is relatively moderate but suggests room for improved financial stability. The working capital ratio indicates a limited duration of operational funds, which could affect its long-term sustainability. Overall, while the organization demonstrates a commitment to accountability, addressing its governance gaps and enhancing financial ratios will be essential for future growth and effectiveness in its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Front Exhibition Company legitimate?
Front Exhibition Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Front Exhibition Company 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: $165,495
For more financial information, click here
Official website here: www.frontart.org
What is the mission statement of Front Exhibition Company?
The Front Exhibition Company's mission is centered around three key objectives. Firstly, it aims to stimulate economic growth and opportunities through cultural tourism by planning and implementing the Front International: Cleveland Triennial for Contemporary Art. Secondly, it strives to foster a stronger, more vibrant, and sustainable creative community by providing new recognition and opportunities to local arts institutions and creative professionals. Lastly, it seeks to enhance the reputation of the region by presenting a nuanced and sophisticated view of its arts and culture resources, thereby promoting Cleveland and Northeast Ohio as a cultural destination.
Official website here: www.frontart.org
Who is the CEO of Front Exhibition Company?
Fred Bidwell is the Board Chair of Front Exhibition Company.
Official website here: www.frontart.org
What is the revenue of Front Exhibition Company?
Front Exhibition Company's revenue in 2022 was $2,212,128.
Official website here: www.frontart.org
Who are the executives of Front Exhibition Company and what are their salaries?
The average compensation at Front Exhibition Company during 2022 was $41,374. There are 4 employees and 29 volunteers at Front Exhibition Company.
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Official website here: www.frontart.org
Where can I find the form 990 for Front Exhibition Company?
Front Exhibition Company's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.frontart.org
Learn more at the official website: www.frontart.org
Mission Statement of Front Exhibition Company
Front Exhibition Company, a nonprofit organization, is committed to planning and executing the Front International: Cleveland Triennial for Contemporary Art. Its mission is multifaceted, aiming to stimulate new economic activity and opportunities through cultural tourism. By organizing this triennial, the company seeks to elevate the standing and visibility of local arts institutions and creative professionals. Furthermore, Front Exhibition Company aims to foster a stronger, more vibrant, and sustainable creative community in the area, offering new recognition and prospects for its members. Lastly, the organization strives to enhance the reputation of the broader region by presenting a more nuanced and sophisticated perspective on its arts and culture offerings. In essence, Front Exhibition Company serves as a catalyst for cultural growth and economic development in the world of contemporary art.
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Impact
July, 2024
Front Exhibition Company's impact lies in its ability to generate new economic activity and opportunities through cultural tourism. By organizing and hosting events like the FRONT International: Cleveland Triennial for Contemporary Art, Front Exhibition Company attracts visitors from local, national, and international locations, contributing to the growth of the creative community in Cleveland and Northeast Ohio.
Additionally, Front Exhibition Company plays a significant role in enhancing the brand of Cleveland and the surrounding region by showcasing a more nuanced and sophisticated view of its arts and culture resources. Through this, the organization helps to bring new recognition and opportunities to arts institutions and creative professionals, fostering a stronger, more vibrant, and sustainable creative community overall.
This information is meant to be a general summary of Front Exhibition Company. 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: $1,085
- Gross Receipts: $2,436,845
Assets and Liabilities:
- Total Assets: $941,361
- Total Liabilities: $427,327
- Net Assets: $514,034
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Organization Details
Founding Year
2016
Phone
(216) 938-5429Principal Officer
Fred Bidwell
Main Address
1460 WEST 29TH STREET, CLEVELAND, OH, 44113
Website
www.frontart.orgNTEE Category
Code: A20 - Arts
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