Overview
What is Provincetown Commons Inc?
Provincetown Commons Inc is a nonprofit organization situated in Provincetown, Massachusetts. Their primary mission is to offer year-round working spaces and professional support to local artists, creatives, and start-ups. By serving as a hub for educational and community initiatives, the organization aims to contribute to the strengthening of Provincetown's year-round economy. The Commons and the Community Center function as a nexus for creativity, collaboration, and new economic opportunities, fostering growth and development within the community at large. With a team of three dedicated individuals, Provincetown Commons Inc is committed to supporting the local creative economy and promoting collaboration and innovation.
Official website here: www.commonsptown.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating.
Provincetown Commons Inc received an 88% score, reflecting strong accountability and financial practices. The organization has achieved a perfect score for having an entirely independent board, which is crucial for ensuring unbiased governance. Additionally, the nonprofit is diligent in maintaining a transparent financial oversight, as indicated by its audit and oversight committee's performance.
The organization has a satisfactory program expense ratio of 63.65%, suggesting a reasonable focus on programmatic activities relative to its total expenses. However, this ratio is slightly lower than the ideal benchmark, indicating there may be room for improvement in allocating more resources towards direct program services.
Overall, Provincetown Commons Inc demonstrates a commitment to accountability and ethical practices, as evidenced by its comprehensive policies on conflict of interest, whistleblower procedures, and document retention. While it excels in governance, the organization might benefit from enhancing its program expense allocation to further bolster its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Provincetown Commons Inc legitimate?
Provincetown Commons Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Provincetown Commons 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: $69,304
For more financial information, click here
Official website here: www.commonsptown.org
What is the mission statement of Provincetown Commons Inc?
Provincetown Commons Inc's mission is centered around providing year-round working spaces and professional support to local artists, members of the creative economy, and start-up businesses. The organization aims to serve as a hub for educational and community initiatives, fostering creativity, collaboration, and new economic opportunities. By doing so, Provincetown Commons Inc intends to contribute to the strengthening of the local economy. The organization's two main objectives are to operate as a gathering space and to act as a nexus for creativity and collaboration, thereby providing opportunities for economic growth.
Official website here: www.commonsptown.org
Who is the CEO of Provincetown Commons Inc?
Peter Hocking is the Director of Provincetown Commons Inc.
Official website here: www.commonsptown.org
What is the revenue of Provincetown Commons Inc?
Provincetown Commons Inc's revenue in 2022 was $639,903.
Official website here: www.commonsptown.org
Who are the executives of Provincetown Commons Inc and what are their salaries?
The average compensation at Provincetown Commons Inc during 2022 was $53,101. There are 3 employees and 17 volunteers at Provincetown Commons Inc.
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- Compensation: $90,000
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Official website here: www.commonsptown.org
Where can I find the form 990 for Provincetown Commons Inc?
Provincetown Commons Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.commonsptown.org
Learn more at the official website: www.commonsptown.org
Mission Statement of Provincetown Commons Inc
Provincetown Commons Inc, a nonprofit organization, is dedicated to providing year-round working spaces and professional support for local artists, members of the creative economy, and start-up businesses. By serving as a gathering space for educational and community initiatives, the organization aims to contribute to the strengthening of Provincetown's year-round economy. Provincetown Commons and the Community Center act as a nexus for creativity, collaboration, and new economic opportunities, fostering an environment that encourages innovation and growth within the community.
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Impact
July, 2024
Provincetown Commons Inc's impact is notable in fostering a vibrant creative economy in Provincetown, Massachusetts. By providing year-round working space and professional support to local artists, creative professionals, and startup businesses, Provincetown Commons serves as a hub for creativity, collaboration, and economic opportunity. Additionally, as a gathering space for educational and community initiatives, it plays a significant role in strengthening the year-round economy of Provincetown and the Outer Cape community at large. Through its activities, Provincetown Commons contributes to community improvement and the development of new economic opportunities in the region.
This information is meant to be a general summary of Provincetown Commons 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: $1,382
- Program Service Revenue: $170,317
- Gross Receipts: $639,903
Assets and Liabilities:
- Total Assets: $2,190,290
- Total Liabilities: $693,992
- Net Assets: $1,496,298
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP & MEETING S
Revenue
$170,317
Organization Details
Founding Year
2017
Phone
(617) 671-5084Principal Officer
Peter Hocking
Main Address
44 BRADFORD ST, PROVINCETOWN, MA, 02657
Website
www.commonsptown.orgNTEE Category
Code: S30 - Community improvement
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