Overview
What is Texarts Association For Visual & Performing Arts?
Texarts Association for Visual & Performing Arts, based in Austin, Texas, is a nonprofit organization dedicated to fostering a vibrant arts community. Through its Music Theater Academy, the association provides comprehensive instruction in music, dance, and theater for children and young adults, including college students and some adult classes. This program is led by local professionals and guest artists from Broadway, film, television, and top universities. The Texarts Association also hosts a Performance/Production Series featuring classic American musicals, incorporating both Broadway talents and local performers. General programs, such as personnel costs and occupancy expenses, support the overall mission of the organization, which is to inspire character, professionalism, and career growth in artists, leaders, and global citizens. Texarts is celebrated for its world-class professional theater and educational programs, playing a significant role in the regional arts scene.
Official website here: www.tex-arts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66%, Two-Star out of Four Star rating.
The Texarts Association for Visual & Performing Arts received a score of 66%, placing it in the Two-Star category, which indicates room for improvement in its accountability and financial practices. While the organization benefits from having a fully independent board and a high program expense ratio, the lack of financial statements significantly impacts its overall rating.
Strengths of the organization include a solid commitment to governance, as evidenced by its adherence to policies like conflict of interest, whistleblower protection, and document retention. These policies reflect a structured approach to accountability. However, the organization is facing challenges with transparency, particularly due to the absence of financial statements, which hinders a full assessment of its financial health.
Additionally, the liabilities to assets ratio of 91.32% raises concerns about financial sustainability. While the program expense ratio of 86.53% indicates that a significant portion of funds is directed towards programs, the overall financial practices may need reevaluation to enhance confidence among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Texarts Association For Visual & Performing Arts legitimate?
Texarts Association For Visual & Performing Arts is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texarts Association For Visual & Performing 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: $86,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $59,945
For more financial information, click here
Official website here: www.tex-arts.org
What is the mission statement of Texarts Association For Visual & Performing Arts?
The Texarts Association for Visual & Performing Arts, as an arts education and performance destination, strives to foster a flourishing arts community. Its mission is geared towards exposing a diverse range of individuals to the visual and performing arts. The association aims to nurture and showcase exceptional young talent, helping them develop into accomplished artists, leaders, and globally minded citizens. Texarts is renowned in the region for its top-tier professional theatre productions and educational programs.
Official website here: www.tex-arts.org
Who is the CEO of Texarts Association For Visual & Performing Arts?
Unavailable
Official website here: www.tex-arts.org
What is the revenue of Texarts Association For Visual & Performing Arts?
Texarts Association For Visual & Performing Arts's revenue in 2022 was $732,456.
Official website here: www.tex-arts.org
Who are the executives of Texarts Association For Visual & Performing Arts and what are their salaries?
The average compensation at Texarts Association For Visual & Performing Arts during 2022 was $36,486. There are 4 employees at Texarts Association For Visual & Performing Arts.
Here are 11 key members and their salaries:
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Official website here: www.tex-arts.org
Where can I find the form 990 for Texarts Association For Visual & Performing Arts?
Texarts Association For Visual & Performing Arts's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tex-arts.org
Learn more at the official website: www.tex-arts.org
Mission Statement of Texarts Association For Visual & Performing Arts
Texarts Association for Visual & Performing Arts strives to foster a vibrant arts community by offering both education and performance opportunities. Their mission is threefold: firstly, to expose all individuals to the visual and performing arts; secondly, to nurture and showcase exceptional young talent, helping them develop into well-rounded artists, leaders, and global citizens; and thirdly, to be recognized as a leading force in the region for its top-notch professional theatre and educational programs. Texarts Association for Visual & Performing Arts plays a crucial role in cultivating a thriving arts environment, offering a platform for individuals to engage with and excel in the arts.
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Impact
July, 2024
Texarts Association For Visual & Performing Arts has a significant impact on the arts community by providing high-quality arts education and performance opportunities. Through its Music Theater Academy, Texarts offers process-based instruction in music, dance, and theater for young people, college students, and adults. This program features instruction from core professionals in the Austin area as well as guest artists/teachers from top programs nationwide.
Additionally, Texarts' Performance/Production Series showcases professional performances of classic American musicals, featuring Broadway performers, directors, choreographers, and musical directors alongside local professionals and Texarts' academy students. This provides a platform for aspiring artists to learn from and collaborate with industry experts.
Overall, Texarts Association For Visual & Performing Arts contributes to the cultural vibrancy of the Austin community and beyond by nurturing talent, fostering creativity, and promoting a love for the visual and performing arts.
This information is meant to be a general summary of Texarts Association For Visual & Performing 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 2022.
- Investment Income: $151
- Program Service Revenue: $512,464
- Gross Receipts: $735,134
Assets and Liabilities:
- Total Assets: $145,478
- Total Liabilities: $0
- Net Assets: $145,478
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Academy fees
Revenue
$21,652
Admissions
Revenue
$153,984
Summer camps
Revenue
$132,216
Tuition
Revenue
$204,612
Organization Details
Founding Year
2005
Phone
(512) 852-9079Main Address
2300 Lohmans Spur Suite 160, Austin, TX, 78734
Website
www.tex-arts.orgNTEE Category
Code: A600 - Arts
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