Overview
What is Spruce Peak Arts Center Foundation Inc?
Spruce Peak Arts Center Foundation Inc, based in Stowe, Vermont, is a distinguished nonprofit organization that delivers top-tier performances in dance, music, theatre, and opera. Their mission is to enrich the community by promoting cultural, educational, and charitable activities. They aim to present a diverse range of programs that inspire, educate, and entertain individuals of all ages and interests. With a dedicated team of eight employees, they operate a world-class theater that showcases talent from various backgrounds, ensuring a vibrant and engaging arts scene in Stowe and surrounding communities.
Official website here: www.sprucepeakarts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 72%)
The Spruce Peak Arts Center Foundation Inc has received a two-star rating from Charity Navigator, indicating that it needs improvement in certain areas despite a decent overall score of 72%. The organization demonstrates strong governance with a fully independent board and good transparency as evidenced by their website being listed on their tax form and the presence of a conflict of interest policy. Their financial health appears stable, with a low liabilities to assets ratio of 3.45% and a commendable program expense ratio of 69.52%.
However, the foundation has notable weaknesses, particularly in its policies related to whistleblower protection and document retention, both of which are currently missing. This lack of essential governance policies may pose risks regarding accountability and operational integrity. While the foundation showcases strengths in certain aspects, these missing elements suggest that there are important areas that require attention for improved overall effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Spruce Peak Arts Center Foundation Inc legitimate?
Spruce Peak Arts Center Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spruce Peak Arts Center Foundation 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: $114,913
Professional Fundraising Fees: $0
Other Salaries and Wages: $357,506
For more financial information, click here
Official website here: www.sprucepeakarts.org
What is the mission statement of Spruce Peak Arts Center Foundation Inc?
The Spruce Peak Arts Center Foundation Inc's mission is centered around promoting cultural, educational, and charitable activities within the community. As the leading year-round presenter of performing arts, film, educational, and family programs, they aim to offer a diverse range of talent on stage and screen. Their goal is to present a variety of programs that inspire, educate, and entertain individuals of all ages and interests, ensuring a rich artistic experience for their audience.
Official website here: www.sprucepeakarts.org
Who is the CEO of Spruce Peak Arts Center Foundation Inc?
Barry Pius is the Vice Chair (Thru 06/22) of Spruce Peak Arts Center Foundation Inc.
Official website here: www.sprucepeakarts.org
What is the revenue of Spruce Peak Arts Center Foundation Inc?
Spruce Peak Arts Center Foundation Inc's revenue in 2022 was $1,806,408.
Official website here: www.sprucepeakarts.org
Who are the executives of Spruce Peak Arts Center Foundation Inc and what are their salaries?
The average compensation at Spruce Peak Arts Center Foundation Inc during 2022 was $59,052. There are 8 employees and 14 volunteers at Spruce Peak Arts Center Foundation Inc.
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- Compensation: $107,094
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- Other: $21,770
Official website here: www.sprucepeakarts.org
Where can I find the form 990 for Spruce Peak Arts Center Foundation Inc?
Spruce Peak Arts Center Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sprucepeakarts.org
Learn more at the official website: www.sprucepeakarts.org
Mission Statement of Spruce Peak Arts Center Foundation Inc
Spruce Peak Arts Center Foundation Inc, a nonprofit organization, is dedicated to promoting cultural, educational, and charitable activities within the community. Their primary mission is to stand out as the leading year-round presenter of performing arts, film, educational, and family programs for Stowe, VT, and surrounding areas. Through programs of exceptional quality in dance, music, theatre, and opera, they aim to offer a diverse range of talent on the stage and screen of their world-class theater. With a goal of presenting a variety of programs that inspire, educate, and entertain all ages and interests, Spruce Peak Arts Center Foundation Inc strives to enrich the local community and beyond.
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Impact
July, 2024
Spruce Peak Arts Center Foundation Inc's impact is felt through its dedication to promoting cultural, educational, and charitable activities within the community. By offering programs of the highest quality in dance, music, theatre, and opera, they ensure a diverse range of talent graces the stage of their world-class theater. Their goal is to inspire, educate, and entertain audiences of all ages and interests through a variety of programs. In doing so, they have become a leading year-round presenter of performing arts, film, educational, and family programs for Stowe, VT, and neighboring communities.
This information is meant to be a general summary of Spruce Peak Arts Center Foundation 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 2022.
- Investment Income: $561
- Program Service Revenue: $296,121
- Gross Receipts: $1,806,408
Assets and Liabilities:
- Total Assets: $6,956,009
- Total Liabilities: $105,854
- Net Assets: $6,850,155
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$235,404
RENTAL
Revenue
$31,299
OTHER REVENUE
Revenue
$29,418
Organization Details
Founding Year
2004
Phone
(802) 760-4635Principal Officer
Barry Pius
Main Address
122 HOURGLASS DRIVE, STOWE, VT, 05672
Website
www.sprucepeakarts.orgNTEE Category
Code: A61 - Arts
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