Overview
What is Core Art Space?
Core Art Space is a cooperative art gallery situated in Lakewood, Colorado, specifically at C-O 1055 S Parfet Ct. The primary mission of this nonprofit organization is to offer a platform for local artists to showcase their work to the community. They accomplish this through member shows and open entry shows, which are open to both local and national artists. As a community-focused initiative, Core Art Space hosts an annual open show, providing an opportunity for a wide range of artists to exhibit their creations. Additionally, the gallery has a commitment to community service and showcases work from artists in a community service show. On selected Saturdays, the gallery also hosts live music events, inviting the community to participate and engage with local artists.
Official website here: www.corenewartspace.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%
Core Art Space has received a One-Star out of Four Star rating from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. The charity's overall score of 56% indicates that there are multiple areas needing improvement, particularly in governance, as highlighted by the lack of independent board members and missing essential policies such as conflict of interest and whistleblower protections.
Despite these shortcomings, Core Art Space demonstrates strengths in program expense management, with a program expense ratio of 99.08%, meaning nearly all funds are directed towards its mission. Additionally, the organization has a favorable liabilities to assets ratio of 12.37%, indicating a solid financial position regarding debt management. However, these positive aspects are often overshadowed by the governance issues that could undermine stakeholder trust.
The absence of independent oversight and various missing policies raise valid questions about the organization's transparency and commitment to ethical practices. For potential donors and supporters, these factors warrant careful consideration before engagement or financial support to ensure that contributions are well-managed and the organization is held accountable to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Core Art Space legitimate?
Core Art Space is a legitimate nonprofit organization registered as a 501(c)(3) entity. Core Art Space 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.
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Official website here: www.corenewartspace.com
What is the mission statement of Core Art Space?
Core Art Space's mission is centered around providing a platform for local artists to showcase their work to the community. It accomplishes this through both member shows and open entry exhibitions. The gallery offers a community open show annually, allowing a wide range of artists, both local and national, to participate. Additionally, the gallery has a history of hosting community service shows and organizing Saturday night music events open to the public.
Official website here: www.corenewartspace.com
Who is the CEO of Core Art Space?
Gina Smith Caswell is the Director of Core Art Space.
Official website here: www.corenewartspace.com
What is the revenue of Core Art Space?
Core Art Space's revenue in 2023 was $51,301.
Official website here: www.corenewartspace.com
Who are the executives of Core Art Space and what are their salaries?
There 23 volunteers at Core Art Space.
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Official website here: www.corenewartspace.com
Where can I find the form 990 for Core Art Space?
Core Art Space's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.corenewartspace.com
Learn more at the official website: www.corenewartspace.com
Mission Statement of Core Art Space
Core Art Space, as a nonprofit organization, is committed to serving as a platform for local artists to showcase their work to the community. Its mission is twofold: firstly, it provides a space for artists to exhibit their artworks free of charge, through member shows and open entry shows. Secondly, the organization hosts a community open show annually, offering local and national artists an opportunity to display their work to a wider audience. This dedication to supporting local artists and their creative expression is an integral part of Core Art Space's mission, making it an invaluable resource for the artistic community.
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Impact
August, 2024
Core Art Space provides a vital platform for local artists in Lakewood, CO to showcase their artwork to the community free of charge. Through member and open entry shows, the gallery not only supports artists in exhibiting their work but also fosters a sense of artistic community within the area. Additionally, by hosting community service shows and offering Saturday night music events open to the public, Core Art Space enriches the cultural landscape of the city, offering enriching experiences for both artists and art enthusiasts alike.
This information is meant to be a general summary of Core Art Space. 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: $24,376
- Gross Receipts: $68,437
Assets and Liabilities:
- Total Assets: $28,461
- Total Liabilities: $3,521
- Net Assets: $24,940
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Artists rental space
Revenue
$5,000
Open show fees
Revenue
$18,687
Saturday Music
Revenue
$650
Vendor fee
Revenue
$39
Organization Details
Founding Year
1997
Phone
(303) 297-8428Principal Officer
Gina Smith Caswell
Main Address
C-O 1055 S Parfet Ct, Lakewood, CO, 80226
Website
www.corenewartspace.comNTEE Category
Code: A51I - Arts
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