Overview
What is The Laundromat Project Inc?
The Laundromat Project Inc, situated in Brooklyn, New York, serves as a vibrant community center at 1476 Fulton Street. This nonprofit organization offers a range of workshops, public programs, and artistic events, engaging local artists, neighbors, and community partners within Central Brooklyn. The Laundromat Project's primary mission is to empower artists and community members as agents of change in their own neighborhoods. They achieve this through artist residencies, fellowships, and community engagement initiatives. With a team of 20 dedicated individuals, this organization plays a significant role in fostering creative expression and community development in its area.
Official website here: www.laundromatproject.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Laundromat Project Inc has achieved a strong score of 94% from Charity Navigator, reflecting its robust accountability and financial practices. The organization boasts an impressive Accountability & Finance score of 96%, indicating transparency in its financial management. It also has 100% independent board members, showcasing a commitment to governance that fosters trust among stakeholders.
Strengths of the organization include an excellent program expense ratio of 74.45%, suggesting that a significant portion of its funds are directed towards its programs rather than administrative costs. The organization is compliant with best practices, as evidenced by scoring full points in areas such as conflict of interest policy and audit committee oversight. This commitment to ethical governance contributes positively to its reputation.
However, the Culture & Community Score and Equity Strategies Score are slightly lower at 75, indicating room for improvement in community engagement and equity practices. While the organization demonstrates strong financial health and governance, it may benefit from enhancing its focus on cultural inclusivity and equity initiatives to strengthen its overall impact.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Laundromat Project Inc?
86% of reviewers on Facebook recommend The Laundromat Project Inc. Here is a summary of their reviews:
Many appreciate the organization for its innovative approach to art-making, highlighting its focus on creating meaningful and lasting experiences. Users express admiration for the concept of integrating art into everyday spaces, contributing to community engagement and creative expression.
The overall sentiment towards The Laundromat Project Inc is positive, with individuals recognizing its unique contributions to the community through art. The organization's initiatives seem to resonate well with supporters, who value the blend of creativity and community involvement.
This AI summary has been generated from reviews found on Facebook.
Is The Laundromat Project Inc legitimate?
The Laundromat Project Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Laundromat Project Inc 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: $314,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $910,535
For more financial information, click here
Official website here: www.laundromatproject.org
What is the mission statement of The Laundromat Project Inc?
The Laundromat Project Inc's mission is centered around empowering artists and local communities as agents of change. They achieve this through various initiatives such as artist residencies and fellowships, fostering community engagement. By doing so, the organization aims to equip these individuals with the tools necessary to drive positive change within their own communities. Their activities often involve hosting workshops, public programs, and other artistic events, contributing to a sense of unity and creativity among neighbors and artists.
Official website here: www.laundromatproject.org
What is the revenue of The Laundromat Project Inc?
The Laundromat Project Inc's revenue in 2023 was $5,734,078.
Official website here: www.laundromatproject.org
Who are the executives of The Laundromat Project Inc and what are their salaries?
The average compensation at The Laundromat Project Inc during 2023 was $64,476. There are 19 employees at The Laundromat Project Inc.
Here are 14 key members and their salaries:
- Compensation: $164,308
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Official website here: www.laundromatproject.org
Where can I find the form 990 for The Laundromat Project Inc?
The Laundromat Project Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.laundromatproject.org
Learn more at the official website: www.laundromatproject.org
Mission Statement of The Laundromat Project Inc
The Laundromat Project, as a nonprofit organization, is committed to empowering artists and local residents as catalysts for change within their communities. They achieve this mission through artist residencies, fellowships, and community engagement initiatives. By providing these opportunities, The Laundromat Project aims to foster creativity, promote social impact, and encourage active participation in community development.
Located in Central Brooklyn, The Laundromat Project operates a vibrant community center. This hub serves as a platform for artists, neighbors, and community partners to collaborate on workshops, public programs, and various arts-related activities. Through these initiatives, The Laundromat Project not only supports the artistic growth of its residents but also encourages them to become agents of change within their communities. By engaging with local neighbors and community partners, The Laundromat Project fosters a sense of unity and collective action, ultimately contributing to the betterment of their shared community.
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Impact
July, 2024
The Laundromat Project Inc advances artists and neighbors as change agents in their own communities through artist residencies, fellowships, and community engagement. They operate a thriving community hub in the heart of Central Brooklyn, offering workshops, public programs, and other arts programming for artists, neighbors, and community partners. This organization's impact is evident in the way it empowers individuals to use art as a tool for positive change within their communities. Through their work, they foster creativity, collaboration, and a sense of belonging among diverse groups of people, ultimately contributing to the cultural vibrancy and social cohesion of the neighborhoods they serve.
This information is meant to be a general summary of The Laundromat Project Inc. 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.
- Investment Income: $130,881
- Program Service Revenue: $33,600
- Gross Receipts: $5,735,932
Assets and Liabilities:
- Total Assets: $6,598,573
- Total Liabilities: $241,020
- Net Assets: $6,357,553
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Revenue
Revenue
$33,600
Organization Details
Founding Year
2005
Principal Officer
Ayesha Williams
Website
www.laundromatproject.orgNTEE Category
Code: A40 - Arts
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