Overview
What is Tri Lakes Center For The Arts?
Tri Lakes Center for the Arts is a nonprofit organization situated in Palmer Lake, Colorado. Following its reopening post-pandemic closure, the center has been instrumental in reviving the local art scene. By hosting fine art exhibitions, it has generated significant sales commissions for local artists, many of whom were facing financial difficulties. Moreover, performing artists, who had been unemployed for over a year and a half, have been compensated for their performances. The center's activities have a positive impact on local businesses as well; according to economic studies, local restaurants and stores see an increase of $25 per person in sales around concert events or gallery openings. The mission of Tri Lakes Center for the Arts is to maintain a facility that offers arts, music, and educational programs, thereby contributing to the cultural and artistic growth of the community.
Official website here: www.trilakesarts.org
Is Tri Lakes Center For The Arts legitimate?
Tri Lakes Center For The Arts is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tri Lakes Center For The Arts 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: $32,449
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.trilakesarts.org
What is the mission statement of Tri Lakes Center For The Arts?
The Tri Lakes Center for the Arts is dedicated to maintaining a facility that offers arts, music, and educational programs. This mission is carried out by hosting fine art exhibitions that generate sales commissions for local artists, providing paid performance opportunities for musicians who had been affected by job losses, and contributing to the economic growth of nearby businesses through events. The center's activities have a positive impact on the local community, with local businesses reporting an increase in sales following art events and concerts.
Official website here: www.trilakesarts.org
Who is the CEO of Tri Lakes Center For The Arts?
Michael Maddox is the Executive Director of Tri Lakes Center For The Arts.
Official website here: www.trilakesarts.org
What is the revenue of Tri Lakes Center For The Arts?
Tri Lakes Center For The Arts's revenue in 2023 was $135,999.
Official website here: www.trilakesarts.org
Who are the executives of Tri Lakes Center For The Arts and what are their salaries?
There 8 volunteers at Tri Lakes Center For The Arts.
Here are 7 key members and their salaries:
- Compensation: $23,449
- Related: $0
- Other: $0
- Compensation: $7,800
- Related: $0
- Other: $0
- Compensation: $3,200
- Related: $0
- Other: $0
- Compensation: $1,100
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.trilakesarts.org
Where can I find the form 990 for Tri Lakes Center For The Arts?
Tri Lakes Center For The Arts's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.trilakesarts.org
Learn more at the official website: www.trilakesarts.org
Mission Statement of Tri Lakes Center For The Arts
The Tri Lakes Center for the Arts, as per its mission, is dedicated to maintaining a facility that serves as a hub for arts, music, and educational programs. This mission is effectively carried out by hosting fine art exhibitions and performances, providing local artists with sales opportunities and performing artists with paid work. By doing so, the center not only supports the artistic community but also contributes to the local economy. According to economic studies, local businesses often see an increase in sales following events at the Tri Lakes Center for the Arts, with each person attending contributing approximately $25 to the revenue of nearby restaurants and stores.
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Impact
October, 2024
Tri Lakes Center for the Arts has made a significant impact on the local community in Palmer Lake, Colorado, by fostering a vibrant cultural atmosphere and supporting the local economy. Since its reopening after pandemic-related closures, the center has reinvigorated the arts scene by hosting fine art exhibitions that have not only showcased local talent but also generated substantial sales, providing crucial financial support to artists who faced economic challenges.
Moreover, the center has been a vital source of employment for performing artists who were largely without work during the pandemic. By offering paid performance opportunities, it has helped revitalize the livelihoods of those in the creative sector.
The economic ripple effect of the center’s events extends to local businesses as well. Research has shown that before or after attending a concert or gallery opening, attendees often increase their spending at nearby restaurants and shops, averaging an additional $25 per person. Local establishments in Palmer Lake have recognized and appreciated this boost, highlighting the center's role in driving foot traffic and commerce in the area.
In summary, Tri Lakes Center for the Arts not only enhances the cultural fabric of Palmer Lake through arts, music, and education but also plays a crucial role in fostering economic vitality and supporting local artists and businesses.
This information is meant to be a general summary of Tri Lakes Center For The Arts. 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: $104,614
- Gross Receipts: $135,999
Assets and Liabilities:
- Total Assets: $1,033,281
- Total Liabilities: $89,468
- Net Assets: $943,813
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Non-profit art and music center
Revenue
$104,614
Organization Details
Founding Year
1998
Phone
(719) 481-0475Principal Officer
Michael Maddox
Main Address
PO Box 1154, Palmer Lake, CO, 80133
Website
www.trilakesarts.orgNTEE Category
Code: A400 - Arts
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