Overview
What is Palenke Arts?
Palenke Arts is a nonprofit organization situated in Seaside, California, specifically at 1713 Broadway Avenue. Their primary objective is to establish a welcoming and inclusive multicultural arts center in the region, benefiting the entire Monterey Peninsula. By uplifting youth voices and fostering creativity, their aim is to transform the community into a place that values and welcomes all its members, leveraging the healing power of the arts. With a team of nine dedicated individuals, Palenke Arts carries out its mission of educating and inspiring the community of Seaside through various artistic endeavors.
Official website here: www.palenkearts.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star Rating
Palenke Arts has achieved an 83% score, reflecting a strong emphasis on accountability and finance. This rating is derived solely from its performance in the accountability and finance beacon, in which the organization excelled, garnering perfect scores in several categories, including board independence and the absence of material diversion of assets. These strengths underline Palenke Arts' commitment to transparency and responsible financial management.
The organization exhibits a well-structured governance model, with a fully independent board consisting of eight members, which enhances its credibility. Additionally, Palenke Arts demonstrates effective financial oversight with a program expense ratio of nearly 93%, indicating that a significant portion of its resources is directed towards fulfilling its mission. The presence of documented board meeting minutes further supports its operational integrity.
However, there are notable limitations regarding the absence of key policies, such as a whistleblower policy and a document retention policy. These omissions could be areas for improvement to strengthen organizational governance. Overall, while Palenke Arts demonstrates a solid financial footing and commitment to accountability, addressing these gaps could enhance its operational transparency further.
This AI summary has been generated from information found on Charity Navigator.
Is Palenke Arts legitimate?
Palenke Arts is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palenke Arts 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: $85,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $108,309
For more financial information, click here
Official website here: www.palenkearts.com
What is the mission statement of Palenke Arts?
Palenke Arts, as a multicultural arts organization, strives to educate, inspire, and transform communities through artistic endeavors. Specifically, their mission is to foster a welcoming environment where everyone feels valued and seen by uplifting youth voices and nurturing creativity. By establishing a vibrant arts center, they aim to create a safer and more inclusive community that benefits the Monterey Peninsula as a whole, utilizing the healing power of the arts.
Official website here: www.palenkearts.com
Who is the CEO of Palenke Arts?
Juan Sanchez is the Executive Dir. of Palenke Arts.
Official website here: www.palenkearts.com
What is the revenue of Palenke Arts?
Palenke Arts's revenue in 2023 was $492,500.
Official website here: www.palenkearts.com
Who are the executives of Palenke Arts and what are their salaries?
The average compensation at Palenke Arts during 2023 was $21,479. There are 9 employees at Palenke Arts.
Here are 8 key members and their salaries:
- Compensation: $85,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.palenkearts.com
Where can I find the form 990 for Palenke Arts?
Palenke Arts's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.palenkearts.com
Learn more at the official website: www.palenkearts.com
Mission Statement of Palenke Arts
Palenke Arts, a multicultural arts organization, is committed to enlightening, motivating, and transforming its community through the arts. Their mission is to establish a thriving, diverse arts center in an unspecified location, aiming to empower youth, stimulate creativity, and foster an environment where everyone feels acknowledged, appreciated, and included. By harnessing the healing power of art, Palenke Arts seeks to uplift voices from various backgrounds, cultivate a sense of belonging, and ultimately create a more inclusive community.
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Impact
July, 2024
Palenke Arts has a significant impact on the community of Seaside by providing a platform for education, inspiration, and transformation through the arts. It plays a pivotal role in uplifting youth voices, fostering creativity, and creating a sense of belonging for individuals from diverse backgrounds. Palenke Arts' presence has helped in building a vibrant and inclusive cultural environment in Seaside, ultimately benefiting the entire Monterey Peninsula. Through the healing power of the arts, Palenke Arts is instrumental in making the community more cohesive, where everyone feels acknowledged, appreciated, and embraced.
This information is meant to be a general summary of Palenke Arts. 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 2023.
- Program Service Revenue: $40,034
- Gross Receipts: $492,500
Assets and Liabilities:
- Total Assets: $576,610
- Total Liabilities: $170,776
- Net Assets: $405,834
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Performances
Revenue
$14,855
Registration Fees
Revenue
$11,920
Sponsorships
Revenue
$5,700
Ticket Sales
Revenue
$7,559
Organization Details
Founding Year
2018
Phone
(831) 333-6612Principal Officer
Juan Sanchez
Main Address
1713 Broadway Avenue, Seaside, CA, 93955
Website
www.palenkearts.comNTEE Category
Code: A25 - Arts
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