Overview
What is North Fourth Art Center?
North Fourth Art Center is a vibrant nonprofit based in Albuquerque, New Mexico, dedicated to fostering artistic creation and economic development in the region. The center offers a diverse range of art mediums, including live performance, film and digital media, studio art, and more. It has re-established its in-house venue, N4th Theater, for performances, arts training, and professional productions, providing affordable rental options for young companies. Additionally, the center offers fellowships, workshops, and festival opportunities to local and national artists, thereby encouraging community engagement and integration into New Mexico's growing film industry. The North Fourth Art Center also houses N4th Gallery, which showcases six exhibits annually, focusing on diverse issues and underrepresented artists, promoting international, environmental, and human interaction themes. With a team of 6 employees, the center provides local artists the space, equipment, and professional training to create and hone their skills, ultimately centering their work within the community and the expanding arts sector.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating.
North Fourth Art Center holds a strong rating of 90% from Charity Navigator, primarily reflecting its accountability and finance practices. This high score indicates a commitment to transparency and responsible management of resources, essential for nonprofit organizations in building trust with donors and stakeholders.
The organization boasts an independent board consisting entirely of members who are not part of its staff, which contributes to its robust governance structure. Additionally, North Fourth Art Center has received high scores for its conflict of interest policy, whistleblower policy, and documentation practices, all of which enhance its operational integrity.
One area for potential improvement is the program expense ratio, which stands at 67.18%. While this is a solid figure, further increasing the percentage of funds dedicated to direct programming could strengthen its overall impact on the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is North Fourth Art Center legitimate?
North Fourth Art Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Fourth Art Center 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: $118,323
Professional Fundraising Fees: $0
Other Salaries and Wages: $147,759
For more financial information, click here
What is the mission statement of North Fourth Art Center?
The North Fourth Art Center's mission is centered around nurturing artistic creation and stimulating economic development in New Mexico. They achieve this by offering a diverse array of art mediums, such as live performance, film and digital media, studio art, and more. The center provides local artists with workspace and equipment to create their art, offers hands-on professional training to help artists hone their skills, and offers opportunities for artists to showcase their work within the community and the expanding arts sector.
Who is the CEO of North Fourth Art Center?
Marjorie Neset is the President of North Fourth Art Center.
What is the revenue of North Fourth Art Center?
North Fourth Art Center's revenue in 2022 was $1,112,410.
Who are the executives of North Fourth Art Center and what are their salaries?
The average compensation at North Fourth Art Center during 2022 was $44,347. There are 6 employees and 12 volunteers at North Fourth Art Center.
Here are 12 key members and their salaries:
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- Compensation: $25,603
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- Compensation: $23,797
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- Other: $703
Where can I find the form 990 for North Fourth Art Center?
North Fourth Art Center's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of North Fourth Art Center
North Fourth Art Center, a dedicated nonprofit organization, is committed to fostering artistic creation and stimulating economic development in New Mexico. They achieve this mission through a diverse array of art mediums, including live performance, film and digital media, studio art, and more. By providing local artists with necessary space and equipment, North Fourth empowers them to produce their work. The center also offers hands-on professional training sessions, enabling artists to improve and hone their skills. Furthermore, North Fourth Art Center presents opportunities for artists to showcase their work within their community, as well as in the expanding arts sector, thereby enhancing their visibility and reach.
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Impact
July, 2024
North Fourth Art Center plays a pivotal role in cultivating artistic creation and contributing to economic development in New Mexico. By offering a diverse range of art mediums including live performances, film, digital media, and studio art, the center provides a platform for local artists to showcase their work and engage with the community. Through initiatives such as the N4th Theater and Gallery, the center has re-established itself as a vital venue for in-house performances, arts training, and professional productions. Additionally, by offering affordable theater rentals to young companies and highlighting the work of underrepresented artists, North Fourth Art Center enhances cultural diversity and fosters creative expression in the region.
This information is meant to be a general summary of North Fourth Art Center. 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.
- Investment Income: $411
- Program Service Revenue: $22,674
- Gross Receipts: $1,112,410
Assets and Liabilities:
- Total Assets: $896,703
- Total Liabilities: $297,457
- Net Assets: $599,246
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENU
Revenue
$22,674
Organization Details
Founding Year
1981
Phone
(505) 345-2872Principal Officer
Marjorie Neset
Main Address
4904 4TH STREET NW, ALBUQUERQUE, NM, 87107
NTEE Category
Code: A250 - Arts
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