Overview
What is Vital Arts Inc?
Vital Arts Inc, based in Berkeley, California, is a nonprofit organization with a mission to support the arts community in the Bay Area. They collaborate with other agencies on projects aimed at preventing artist space displacement and ensuring compliance with safety codes. This includes managing a revolving safety loan fund, fostering education, and developing options for artists seeking ownership. Vital Arts honors the victims of the Ghost Ship fire by working towards providing safe, affordable spaces for artists to live, work, and perform, contributing to the continued health and vitality of society through groundbreaking arts and culture. With a small team of one employee, they strive to make a significant impact on the arts community.
Official website here: www.vitalarts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 62%, Two-Star out of Four Star rating.
Vital Arts Inc has received a Two-Star rating with an overall score of 62%. The organization excels in areas related to accountability and community culture, demonstrating strong governance with 100% independent board members. It has effective policies in place for conflict of interest and whistleblower protections, which are positive indicators of its operational integrity.
However, the organization struggles in terms of financial management, as reflected in its low program expense ratio of 49.23%. This indicates that a significant portion of its expenses may not be directed towards its programs. Additionally, while the culture and community practices are rated exceptionally high, the equity policies and processes score shows room for improvement, suggesting that the organization may need to further develop its strategies in this area.
In conclusion, while Vital Arts Inc showcases strong governance and community engagement, it has notable challenges in financial allocations and equity practices that could be addressed to enhance its overall effectiveness and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Vital Arts Inc legitimate?
Vital Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vital Arts 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $54,455
For more financial information, click here
Official website here: www.vitalarts.org
What is the mission statement of Vital Arts Inc?
Vital Arts Inc's mission is to envision a world where groundbreaking arts and culture, crucial for society's ongoing health and vitality, are acknowledged and nurtured. They aim to achieve this by collaborating with other organizations on projects that prevent artist space displacement and loss in the Bay Area. This includes establishing a revolving safety loan fund, raising awareness about compliance issues with life and safety codes, and providing paths and options for artists seeking ownership. Vital Arts Inc also honors the victims of the Ghost Ship fire by ensuring access to safe, affordable spaces for artists to live, work, and perform.
Official website here: www.vitalarts.org
What is the revenue of Vital Arts Inc?
Vital Arts Inc's revenue in 2023 was $134,693.
Official website here: www.vitalarts.org
Who are the executives of Vital Arts Inc and what are their salaries?
The average compensation at Vital Arts Inc during 2023 was $27,228. There are 2 employees at Vital Arts Inc.
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Official website here: www.vitalarts.org
Where can I find the form 990 for Vital Arts Inc?
Vital Arts Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.vitalarts.org
Learn more at the official website: www.vitalarts.org
Mission Statement of Vital Arts Inc
Vital Arts Inc, an organization dedicated to honoring the victims of the Ghost Ship fire, strives to ensure that artists have access to safe and affordable spaces for living, working, and performing. Their vision extends beyond this, aiming to establish a world where groundbreaking arts and culture, essential for the society's health and vitality, are recognized and nurtured. To achieve this, Vital Arts Inc collaborates with other agencies on projects that prevent the displacement of artists and the loss of artist spaces in the Bay Area. This collaboration involves the establishment of a revolving safety loan fund, raising awareness of compliance issues with life and safety codes, and exploring paths and options for artists seeking ownership. In doing so, Vital Arts Inc aims to support the artistic community, ensuring that they have the necessary resources and environment to create and thrive.
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Impact
October, 2024
Vital Arts Inc significantly impacts the Bay Area arts community by advocating for safe and affordable spaces for artists, particularly in the wake of the tragic Ghost Ship fire. The organization collaborates with various agencies to prevent displacement and loss of artist spaces, actively working to create supportive environments for artistic expression.
Through initiatives like a revolving safety loan fund, Vital Arts fosters education and awareness about compliance with life and safety codes, ensuring that artists can safely engage in their work. Moreover, the organization develops pathways for artists to achieve ownership of their spaces, empowering them to create and thrive in a challenging economic landscape.
By focusing on these critical areas, Vital Arts Inc not only honors the memory of those lost in the fire but also cultivates a vibrant arts culture that is vital for the community's health and vitality. The commitment to preserving artist space is a crucial step towards sustaining the diverse and groundbreaking arts that enrich society as a whole.
This information is meant to be a general summary of Vital Arts 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 2023.
- Investment Income: $4
- Program Service Revenue: $704
- Gross Receipts: $134,693
Assets and Liabilities:
- Total Assets: $160,309
- Total Liabilities: $6,300
- Net Assets: $154,009
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Opportunity Loan Interest
Revenue
$704
Organization Details
Founding Year
2017
Principal Officer
Edwin Bernbaum Phd
Website
www.vitalarts.orgNTEE Category
Code: A90 - Arts
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