Overview
What is Arrow Creative Inc?
Arrow Creative Inc, located in Memphis, Tennessee, serves as a dynamic hub for the community, fostering lifelong arts enthusiasm. Their offerings include studio space, equipment, shared workspaces, galleries, classrooms, and retail locations. With a focus on driving the local economy, sparking innovation and creativity, and improving youth development, they have experienced steady growth over the past decade. Arrow Creative Inc encourages creatives' growth through various educational components, sourcing and logistics, and the provision of rental spaces for studios and retail. Their mission is to make art more accessible, inspiring the creative spirit in all Memphians, aiming to be a premier source of creative entrepreneur enrichment, arts, education, and art immersion for the entire community.
Official website here: www.arrowcreative.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement. Arrow Creative Inc has earned a Two-Star out of Four Star rating with an overall score of 70%. This rating indicates that while the organization demonstrates some strengths, there are notable areas requiring improvement, particularly in accountability and finance.
The nonprofit showcases solid scores in culture and community (89) and leadership and adaptability (80). It also benefits from having a fully independent board, which enhances its governance structure. However, concerns arise from the missing whistleblower and document retention policies, which may hinder its accountability and transparency.
Financially, the organization has a program expense ratio of 67.67%, indicating that a significant portion of its resources is dedicated to programs. Nevertheless, the liabilities to assets ratio of 54.79% suggests that the organization has a considerable level of liabilities which could pose risks to its financial health in the long term. Overall, while Arrow Creative Inc has some commendable practices, it must address its governance policies to strengthen its performance.
This AI summary has been generated from information found on Charity Navigator.
Is Arrow Creative Inc legitimate?
Arrow Creative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arrow Creative 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: $40,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $37,278
For more financial information, click here
Official website here: www.arrowcreative.org
What is the mission statement of Arrow Creative Inc?
Arrow Creative Inc's mission is centered around making art more accessible to inspire creativity in all individuals. The organization strives to be a leading source of creative entrepreneur enrichment, arts, education, and artistic immersion for the entire community. Arrow provides various resources such as studio spaces, equipment, galleries, and classrooms, encouraging lifelong arts enthusiasts. Over the past decade, Arrow has demonstrated steady growth while focusing on driving the economy, fostering innovation and creativity, and improving youth development. Through educational components and business and arts resources, Arrow encourages the growth of creatives, offering studio and retail spaces for rent.
Official website here: www.arrowcreative.org
Who is the CEO of Arrow Creative Inc?
Abigail E Phillips is the Vice Preside of Arrow Creative Inc.
Official website here: www.arrowcreative.org
What is the revenue of Arrow Creative Inc?
Arrow Creative Inc's revenue in 2022 was $566,677.
Official website here: www.arrowcreative.org
Who are the executives of Arrow Creative Inc and what are their salaries?
The average compensation at Arrow Creative Inc during 2022 was $77,278. There is 1 employee at Arrow Creative Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.arrowcreative.org
Where can I find the form 990 for Arrow Creative Inc?
Arrow Creative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.arrowcreative.org
Learn more at the official website: www.arrowcreative.org
Mission Statement of Arrow Creative Inc
Arrow Creative Inc, a community-focused organization, is committed to making art more accessible with the aim of inspiring creativity in all Memphis residents. They strive to be the leading source of creative entrepreneur enrichment, arts, education, and art immersion for the entire community. Arrow provides a range of resources such as studio space, equipment, shared workspaces, galleries, classrooms, and retail, aiming to engage the community as lifelong arts enthusiasts. Over the past decade, Arrow has shown steady growth while maintaining its focus on driving the economy, fostering innovation and creativity, and promoting youth development. The organization encourages creative growth through various educational components, including business and arts education, sourcing, logistics, and retail and studio spaces available for rent.
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Impact
July, 2024
Arrow Creative Inc's impact extends beyond just providing studio space and resources for artists. By making art more accessible in Memphis, Arrow Creative is inspiring the creative spirit in all Memphians. This initiative not only drives the economy by supporting local artists and creatives but also sparks innovation and creativity within the community. Through their focus on improving youth development and providing educational opportunities in business and the arts, Arrow Creative is nurturing the next generation of creative entrepreneurs. By offering a variety of services such as sourcing, logistics, retail spaces, and educational components, Arrow Creative is actively contributing to the enrichment of creative individuals and the overall artistic landscape in Memphis.
This information is meant to be a general summary of Arrow Creative 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.
- Investment Income: $34
- Program Service Revenue: $264,368
- Gross Receipts: $618,711
Assets and Liabilities:
- Total Assets: $642,781
- Total Liabilities: $327,413
- Net Assets: $315,368
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMPHIS FASHION WEEK
Revenue
$154,983
THE LAB RENT
Revenue
$102,147
BAZAAR
Revenue
$7,238
Organization Details
Phone
(901) 340-0529Principal Officer
Abigail E Phillips
Main Address
650 NEW YORK ST, MEMPHIS, TN, 38104
Website
www.arrowcreative.orgNTEE Category
Code: A20 - Arts
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