Overview
What is The Watertable Trust?
The Watertable Trust is a nonprofit organization situated in Los Angeles, with a mission to significantly enhance the city's artistic and cultural scene. Their primary objective is to foster growth and development in these realms, contributing to a more vibrant and enriching Los Angeles community. The exact activities or initiatives undertaken by The Watertable Trust to achieve this goal are not specified in the provided information.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
The Watertable Trust has received a rating of 73% from Charity Navigator, indicating a Two-Star rating. This score is primarily derived from its Accountability & Finance metrics, reflecting a strong emphasis on responsible financial management. The organization has performed particularly well in areas such as having a majority of independent board members and maintaining a low liabilities-to-assets ratio.
Strengths include a perfect score for having an entirely independent board and no material diversion of assets, showcasing a commitment to ethical governance. Additionally, the organization documents board meeting minutes, which is a positive indicator of transparency. With a program expense ratio of 89.36%, the majority of its expenditures are directed towards its programs, which is a strong point for potential donors and supporters.
However, the overall rating remains a Two-Star, suggesting room for improvement in certain areas despite the solid financial practices in place. The score indicates that while the organization is accountable with its finances, there may be other factors contributing to its lower rating that are not detailed in the available data.
This AI summary has been generated from information found on Charity Navigator.
Is The Watertable Trust legitimate?
The Watertable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Watertable Trust submitted a form 990EZ, 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.
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Other Salaries and Wages: $0
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What is the mission statement of The Watertable Trust?
The Watertable Trust is dedicated to significantly enriching the artistic and cultural landscape of Los Angeles. Their mission involves actively promoting and fostering artistic and cultural growth within the city. By doing so, they aim to elevate and enhance the cultural experiences and offerings available to its residents and visitors alike.
What is the revenue of The Watertable Trust?
The Watertable Trust's revenue in 2022 was $0.
Who are the executives of The Watertable Trust and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990EZ for The Watertable Trust?
The Watertable Trust's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of The Watertable Trust
The Watertable Trust, a notable organization, is committed to fostering the artistic and cultural growth of Los Angeles. Their mission is to meaningfully contribute to the city's artistic and cultural landscape, aiming to enrich the community in various ways. By doing so, they strive to enhance Los Angeles' overall cultural vitality.
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Impact
October, 2024
The Watertable Trust significantly impacts the artistic and cultural landscape of Los Angeles by fostering creative expression and enriching community engagement. By supporting various artistic initiatives, the Trust enables artists to thrive, cultivates diverse cultural experiences, and enhances public access to the arts. Its commitment to nurturing creativity not only benefits individual artists but also invigorates local communities, promoting a vibrant and dynamic cultural scene in the region. The Trust's efforts help to sustain and elevate the arts in Los Angeles, ensuring that creativity remains a vital part of community life.
This information is meant to be a general summary of The Watertable Trust. 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.
Assets and Liabilities:
- Total Assets: $307
- Total Liabilities: $315
- Net Assets: -$8
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Organization Details
Principal Officer
James Davison Hunter
NTEE Category
Code: A20 - Arts
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