Overview
What is Nxthvn Inc?
Nxthvn Inc, based in New Haven, Connecticut, is a dedicated nonprofit organization that focuses on nurturing the careers of emerging artists and fostering the growth of a sustainable art community. Their fellowship program, spanning over a year, provides studio space, funding, professional learning sessions, and networking opportunities for selected artists. The fellows engage in workshops and seminars to enhance their practice management skills. The culmination of the fellowship experience includes a group exhibition at renowned galleries, such as the Sean Kelly Gallery in New York City. Nxthvn also offers curatorial fellowships, providing co-working spaces and stipends for curators to develop their skills and form partnerships within the art communities. The fellowship experience concludes with an exhibition at Nxthvn, showcasing the curators' work. Additionally, Nxthvn's Creative Youth Development Initiative, the Apprenticeship Program, facilitates intergenerational mentorship between fellows and local high school students. With a commitment to training the next generation of professional artists and retaining skilled talent, Nxthvn aims to contribute to New Haven's transformation into a world-class arts community. The nonprofit operates with a team of 8 employees.
Official website here: www.nxthvn.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Nxthvn Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. With a score of 69%, the organization shows strengths in program expense and working capital ratios, suggesting it effectively allocates a significant portion of its funds to its programs and maintains a solid financial buffer.
However, the organization has notable weaknesses, particularly in governance. It has not achieved any points for having independent board members or in the size of its independent board. Additionally, its financial statements and fundraising efficiency ratios suggest areas where improvements are necessary, such as transparency and cost-effectiveness in fundraising efforts.
While Nxthvn Inc demonstrates a commitment to accountability with policies in place for whistleblowing and conflict of interest, the overall governance structure and financial management practices require attention to enhance its operational effectiveness and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Nxthvn Inc legitimate?
Nxthvn Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nxthvn 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: $327,797
For more financial information, click here
Official website here: www.nxthvn.com
What is the mission statement of Nxthvn Inc?
Nxthvn Inc's mission is centered around fostering the growth and development of the next generation of professional artists. Their objective is to serve as a catalyst in transforming a community into a world-class sustainable arts hub. This is achieved by providing training, supporting the retention of skilled artistic talent, and offering resources to accelerate careers. The organization hosts fellowship programs, offering dedicated studio space, funding, professional learning sessions, and networking opportunities. These fellowships culminate in exhibitions, showcasing the artists' work and providing them with advanced professional skills and partnerships. Nxthvn also engages local high school students in inter-generational mentorship programs, fostering artistic growth and education within the community.
Official website here: www.nxthvn.com
Who is the CEO of Nxthvn Inc?
Bennet H Grutman is the President of Nxthvn Inc.
Official website here: www.nxthvn.com
What is the revenue of Nxthvn Inc?
Nxthvn Inc's revenue in 2022 was $2,898,729.
Official website here: www.nxthvn.com
Who are the executives of Nxthvn Inc and what are their salaries?
The average compensation at Nxthvn Inc during 2022 was $40,975. There are 8 employees and 6 volunteers at Nxthvn Inc.
Here are 6 key members and their salaries:
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Official website here: www.nxthvn.com
Where can I find the form 990 for Nxthvn Inc?
Nxthvn Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nxthvn.com
Learn more at the official website: www.nxthvn.com
Mission Statement of Nxthvn Inc
Nxthvn Inc, a dedicated organization, is committed to playing a pivotal role in the training and development of the forthcoming generation of professional artists. Their mission is twofold: firstly, to foster the retention of highly skilled professional art talent within their community. Secondly, they aim to serve as a catalyst in helping their city, New Haven, Connecticut, evolve into a globally recognized sustainable arts community. This mission is achieved through various programs and initiatives designed to support emerging artists and nurture their careers.
The organization offers fellowship programs for both studio and curatorial artists. These fellowships provide dedicated studio space, funding, rigorous professional learning sessions, and an expanded network of collectors, galleries, and institutions. Throughout the fellowship year, artists participate in workshops and seminars focusing on practical components of setting up and managing a sustainable art practice. The fellowship experience culminates in an acclaimed group exhibition, offering artists an opportunity to showcase their work to a wider audience.
The curatorial fellowships, in addition to co-working space and funding, allow fellows to develop advanced skills in exhibition-making, enhance their professional development and mentorship skills, and form new creative partnerships within the art communities at Yale University and beyond. Curatorial fellows conduct research, work closely with the programs and exhibitions staff, and engage in a series of group critiques, studio visits, and workshops with art world professionals. They also produce an exhibition at Nxthvn, providing opportunities for local residents to enjoy and learn from the works of well-known artists.
In conclusion, Nxthvn Inc is an organization that actively supports the development of the next generation of professional artists, retains highly skilled talent within their community, and works towards transforming New Haven into a world-class sustainable arts community. Their fellowship programs offer artists a comprehensive platform to accelerate their careers, develop their skills, and showcase their work to a wider audience.
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Impact
July, 2024
Nxthvn Inc's impact can be seen in the development of a sustainable art community in New Haven, Connecticut. By providing comprehensive year-long fellowships to emerging artists and curators, Nxthvn accelerates their careers by offering dedicated studio space, stipend funding, professional learning sessions, and networking opportunities with collectors, galleries, and institutions.
The culmination of these fellowships, such as the acclaimed group exhibition at the Sean Kelly Gallery in New York City, not only showcases the talent nurtured by Nxthvn but also helps to establish connections within the larger art world.
Furthermore, Nxthvn's focus on inter-generational mentorship through its creative youth development initiative benefits both the fellows and local high school students, contributing to the growth and retention of professional art talent in the community.
Overall, Nxthvn Inc's impactful work aligns with its mission to train and develop the next generation of professional artists, fostering a thriving and sustainable arts community in New Haven and beyond.
This information is meant to be a general summary of Nxthvn 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.
- Program Service Revenue: $31,582
- Gross Receipts: $2,898,729
Assets and Liabilities:
- Total Assets: $18,606,468
- Total Liabilities: $12,978,195
- Net Assets: $5,628,273
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING FEES
Revenue
$28,407
MISCELLANEOUS FEES
Revenue
$3,175
Organization Details
Founding Year
2018
Phone
(203) 871-3287Principal Officer
Bennet H Grutman
Main Address
169 HENRY STREET, NEW HAVEN, CT, 06511
Website
www.nxthvn.comNTEE Category
Code: A25 - Arts
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