Ix Art Park Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 833099795 ✦ Charlottesville, VA ✦ Designated as a 501(c)(3)

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Overview

What is Ix Art Park Foundation?

The Ix Art Park Foundation, situated in Charlottesville, Virginia, is a vibrant nonprofit organization dedicated to fostering creativity and inspiration. Located in an Opportunity Zone, the park offers a 24-hour, free outdoor mural and sculpture area, which serves as a welcoming space for everyone to express their creativity. The foundation showcases an array of curated art installations and provides free art supplies to encourage artistic expression among people of all ages. In 2022, the park welcomed over 290,000 visitors, further solidifying its impact in the community. The foundation also boasts the Looking Glass, Virginia's first permanent immersive art experience, employing over 25 local and regional artists to present visual arts in innovative ways. The interactive exhibits incorporate various elements such as sound, light, color, and texture to stimulate the imagination and appeal to all human senses. Additionally, the foundation hosts a robust calendar of community events and festivals, including a weekly market that celebrates local artisans, farmers, women entrepreneurs, immigrants, and BIPOC entrepreneurs. The mission of the Ix Art Park Foundation is to create inclusive spaces that empower its community, encouraging everyone to live creatively. The organization strives to build healthier communities by providing accessible artistic experiences that spark creativity and inspiration in people's daily lives, with a current workforce of 31 dedicated individuals.


Official website here: www.ixartpark.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 73%, Two-Star out of Four Star rating

The Ix Art Park Foundation has received a 73% rating from Charity Navigator, indicating a moderate level of accountability and transparency. While the organization has a commendable Program Expense Ratio of 91.89%, demonstrating a strong focus on its mission-related activities, there are notable gaps in its financial reporting. The lack of financial statements and the absence of key policies, such as a whistleblower policy and document retention policy, negatively impact its overall score.

The board of the Ix Art Park Foundation is predominantly independent, with 90% of its members being self-sufficient, which reflects positively on governance practices. The organization also maintains a low liabilities to assets ratio of 10.82%, suggesting financial stability. However, the missing documentation on financial transparency and governance policies could raise concerns for potential donors regarding oversight and accountability.

Overall, while the Ix Art Park Foundation shows strengths in executing its programs and maintaining an independent board, the lack of complete financial transparency and essential policies highlights areas needing improvement. This could influence donor confidence and engagement moving forward.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Ix Art Park Foundation?

94% of 274 reviewers on Facebook recommend the Ix Art Park Foundation. Here is a summary of their reviews:

Many users express a strong sense of community and enjoyment when visiting the park. The atmosphere is described as liberating and encourages creativity and exploration. People appreciate the opportunities for dance, play, and artistic expression, making it a vibrant space for gatherings and personal expression.

Overall, the positive sentiment reflects that the Ix Art Park Foundation successfully provides a welcoming and engaging environment that resonates well with visitors. These reviews showcase the nonprofit's commitment to fostering a joyful and inclusive experience for all.


This AI summary has been generated from reviews found on Facebook.

Is Ix Art Park Foundation legitimate?

Ix Art Park Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ix Art Park Foundation 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: $302,047

For more financial information, click here


Official website here: www.ixartpark.org

What is the mission statement of Ix Art Park Foundation?

The Ix Art Park Foundation's mission is centered around fostering creativity and inspiration in individuals' daily lives. By providing accessible artistic experiences, the foundation aims to create welcoming spaces that encourage everyone, regardless of age, to express themselves artistically. The foundation showcases artistic excellence through curated art installations and offers free art supplies. In 2022, the park welcomed over 290,000 visitors. The foundation also built and operates The Looking Glass, Virginia's first permanent immersive art experience, employing local and regional artists. The park maintains a vibrant calendar of community events and festivals, including a weekly market that celebrates various local entrepreneurs. The park's mural and sculpture environment is visually captivating, serving as a passive art park for visitors or coming to life during community events, aiming to be more inclusive and welcoming to people of diverse backgrounds.


Official website here: www.ixartpark.org

Who is the CEO of Ix Art Park Foundation?

Susan Krischel is the President of Ix Art Park Foundation.


Official website here: www.ixartpark.org

What is the revenue of Ix Art Park Foundation?

Ix Art Park Foundation's revenue in 2022 was $874,073.


Official website here: www.ixartpark.org

Who are the executives of Ix Art Park Foundation and what are their salaries?

The average compensation at Ix Art Park Foundation during 2022 was $9,743. There are 31 employees and 25 volunteers at Ix Art Park Foundation.


Here are 11 key members and their salaries:


Susan Krischel (President)
  • Compensation: $25,002
  • Related: $0
  • Other: $0
Michael Caplin (Vice-Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathan Moore (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dwight Sparlin (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Hunter (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Gies (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ravi Respeto (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jamelle Bouie (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rachel Baker (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Redinger (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Tremaine (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ixartpark.org

Where can I find the form 990 for Ix Art Park Foundation?

Ix Art Park Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ixartpark.org

Learn more at the official website: www.ixartpark.org

Mission Statement of Ix Art Park Foundation

The Ix Art Park Foundation's mission revolves around stimulating creativity and inspiration in people's daily lives. This organization, dedicated to building healthy communities, accomplishes this by providing accessible artistic experiences that spark creativity and inspiration. Situated in an Opportunity Zone, Ix Art Park is a 24-hour free outdoor mural and sculpture park that welcomes over 290,000 visitors annually. The foundation encourages artistic expression by showcasing curated art installations and offering free art supplies to people of all ages.

In 2022, Ix Art Park introduced The Looking Glass, Virginia's first permanent immersive art experience. This innovative project employed over 25 local and regional artists, presenting visual arts in an interactive manner, appealing to various human senses through sound, light, color, and texture. The foundation also curates a vibrant calendar of community events and festivals, such as a weekly market celebrating local artisans, farmers, entrepreneurs, and diverse communities. The park's mural and sculpture environment is visually captivating, serving as a passive art park for visitors or coming to life during community events. The goal of Ix Art Park Foundation is to promote inclusivity and increase diverse and exceptional artist participation, welcoming individuals from various backgrounds to the park and The Looking Glass.

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Impact




July, 2024

Ix Art Park Foundation's impact can be seen in the way it sparks creativity and inspiration in people's everyday lives. Through initiatives like the 24-hour free outdoor mural and sculpture park, the foundation empowers its community by providing welcoming spaces for artistic expression. With a focus on artistic excellence, curated art installations, and free art supplies, Ix Art Park encourages individuals of all ages to engage in their own form of creativity.

In 2022 alone, Ix Art Park welcomed over 290,000 visitors, showcasing the significant reach of its impact. The foundation's commitment to innovation is evident in projects like the Looking Glass, Virginia's first permanent immersive art experience. This initiative not only provides a platform for local and regional artists but also utilizes interactive exhibits to engage the imagination and appeal to all human senses.

Additionally, the foundation hosts a variety of community events and festivals, such as a weekly market celebrating local artisans, farmers, women in business, immigrants, and BIPOC entrepreneurs. By curating and maintaining the outdoor mural and sculpture environment, Ix Art Park creates a visually captivating space that can serve as a passive art park for visitors or come to life during community gatherings.

Overall, Ix Art Park Foundation's impact can be seen in its dedication to inclusivity, accessibility, and the promotion of diverse and exceptional artist participation. Through their efforts, they help build healthy communities by providing accessible artistic experiences that inspire and uplift individuals from all backgrounds.




This information is meant to be a general summary of Ix Art Park Foundation. 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.

Revenue
$874,073 (2022)
Expenses
$931,484 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$7,883
  • Program Service Revenue: $532,534
  • Gross Receipts: $882,956

Assets and Liabilities:

  • Total Assets: $1,428,160
  • Total Liabilities: $154,650
  • Net Assets: $1,273,510

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EVENT REVENUE

Revenue

$238,880

ART & TICKET SALES

Revenue

$137,082

RENTAL INCOME

Revenue

$99,294

SUMMER CAMP

Revenue

$57,207

WORKSHOPS

Revenue

$71

Organization Details

Founding Year

2019

Principal Officer

Susan Krischel

Main Address

201 EAST MAIN STREET SUITE O, CHARLOTTESVILLE, VA, 22902

NTEE Category

Code: A20 - Arts

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