Overview
What is The Compound Inc?
The Compound Inc, based in Baltimore, Maryland, is a nonprofit organization dedicated to providing affordable housing and studio space for 24 artists and artisans. As an artist-run entity, its mission is to foster experimental cultural, social, and urban space in Baltimore City. Through developing and renting out affordable and secure housing, studio spaces, and event venues, The Compound supports local artists and artisans. Moreover, its flagship space, The Compound, hosts vibrant cultural and community programming and functions as a catalyst for local small businesses, nonprofits, and volunteer initiatives, contributing positively to the East Baltimore Midway community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
The Compound Inc has achieved a strong Four-Star rating from Charity Navigator, with an overall score of 94%. This high rating indicates a solid performance in accountability and finance, with 100% of the score derived from this category. The organization's focus on financial health is evident, as it maintains a low liabilities-to-assets ratio of 7.39% and allocates a significant 84.07% of its expenses directly to programs.
Strengths of The Compound Inc include a fully independent board, with 66% of its members being independent, which reflects good governance practices. The organization has established comprehensive policies, including those for conflict of interest, whistleblower protections, and document retention. These policies score perfectly, indicating a high level of transparency and ethical conduct.
Despite its strengths, the analysis does not mention any specific programs or community impact details that could provide insight into the direct benefits of the organization’s work. Overall, The Compound Inc is positioned as a financially responsible nonprofit with robust governance, but further information on its programs would enhance understanding of its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is The Compound Inc legitimate?
The Compound Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Compound 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: $1,846
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,307
For more financial information, click here
What is the mission statement of The Compound Inc?
The Compound Inc, being an artist-led nonprofit organization, is dedicated to promoting collective production of experimental cultural, social, and urban spaces. It achieves this by providing affordable and secure housing, studio space, and event venues for artists and artisans. The organization's flagship space, known as The Compound, also produces vibrant cultural and community programming and serves as a hub for local small businesses, nonprofits, and volunteer initiatives that benefit their community. By doing so, The Compound Inc aims to foster a creative and supportive environment for artists and contribute positively to its community.
What is the revenue of The Compound Inc?
The Compound Inc's revenue in 2023 was $203,675.
Who are the executives of The Compound Inc and what are their salaries?
The average compensation at The Compound Inc during 2023 was $3,051. There are 3 employees and 17 volunteers at The Compound Inc.
Here are 5 key members and their salaries:
- Compensation: $1,846
- 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
Where can I find the form 990 for The Compound Inc?
The Compound Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Compound Inc
The Compound Inc, an artist-run nonprofit, is dedicated to fostering the collective creation of experimental cultural, social, and urban spaces in a city. They achieve this by developing and renting out affordable and secure housing, studio spaces, and event venues for artists and artisans. Furthermore, their flagship space, The Compound, is not just a rental property but also a hub for vibrant cultural and community programming. It acts as a nurturing ground for local small businesses, nonprofits, and volunteer initiatives that serve their community in East Baltimore Midway. The organization's mission is to support and empower artists, artisans, and the community, promoting creativity and engaging in collective efforts to shape their urban environment.
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Impact
October, 2024
The Compound Inc significantly contributes to the cultural fabric of Baltimore by fostering an environment where experimental and collaborative artistic practices can thrive. By providing below-market-rate housing and dedicated studio spaces for 24 artists and artisans, it not only facilitates creative expression but also stabilizes the lives of individuals pursuing artistic careers.
As a catalyst for cultural and community programming, The Compound Inc produces events that engage the local population and enhance the vibrancy of the East Baltimore Midway area. This approach cultivates a sense of community and connection, drawing individuals together through shared experiences in art and culture. Additionally, its function as an incubator for local small businesses and volunteer ventures helps to stimulate economic activity and innovation within the community.
Through its commitment to affordable and safe environments for creative work, The Compound Inc influences the urban landscape of Baltimore, encouraging the development of unique cultural spaces that reflect the city's diverse artistic identity. Overall, its impact extends beyond just housing and studio space; it reinforces the community, supports local economy, and enriches the social and cultural dynamics of the region.
This information is meant to be a general summary of The Compound 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.
- Program Service Revenue: $127,287
- Gross Receipts: $203,675
Assets and Liabilities:
- Total Assets: $885,319
- Total Liabilities: $65,451
- Net Assets: $819,868
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PERFORMANCE VENUE
Revenue
$36,315
SPACE RENTAL
Revenue
$90,972
Organization Details
Founding Year
2018
Principal Officer
Nicholas Wisniewski
NTEE Category
Code: A26 - Arts
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