Overview
What is Nevada School Of The Arts?
Nevada School of the Arts is a dedicated nonprofit organization situated in Las Vegas, Nevada. With a strong commitment to inclusivity, they offer comprehensive instruction in the performing and visual arts to families within the community, irrespective of their financial capabilities. Serving over 300 students in Southern Nevada, their mission is to provide diverse opportunities for high-quality education and creative expression in these artistic fields, catering to the needs of the entire community. The school is home to approximately 45 employees, working tirelessly to foster creativity and artistic growth.
Official website here: www.nevadaschoolofthearts.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star Rating
The Nevada School of the Arts has received a 54% rating from Charity Navigator, indicating significant concerns regarding its financial accountability and transparency. While the organization benefits from a fully independent board, which reflects well on its governance, it struggles in areas such as financial reporting and policy implementation. The absence of essential documents, such as financial statements and several key policies, has negatively impacted its overall score.
On a positive note, the nonprofit allocates a substantial portion of its resources—71.31%—toward program expenses, demonstrating a commitment to its mission. This strong program expense ratio suggests that funds are being directed toward impactful activities, which is a crucial factor for potential donors. However, the organization's liabilities to assets ratio of 90.70% raises concerns about its financial health and sustainability.
Despite having some strengths in governance, such as a majority of independent board members and the documentation of board meeting minutes, the lack of critical policies and financial transparency presents limitations that could affect donor trust and engagement. Overall, while the Nevada School of the Arts may be fulfilling its mission effectively, the glaring gaps in financial practices warrant caution for potential supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Nevada School Of The Arts legitimate?
Nevada School Of The Arts is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nevada School Of 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $431,411
For more financial information, click here
Official website here: www.nevadaschoolofthearts.com
What is the mission statement of Nevada School Of The Arts?
The Nevada School of the Arts is committed to providing diverse opportunities for high-quality education and creative expression in the performing and visual arts. This institution serves the entire community, ensuring accessibility regardless of financial capabilities. The school actively offers instruction in both performing and visual arts to over three hundred students residing in southern Nevada. Their mission is to foster an environment that encourages creativity and learning, making arts education available to all.
Official website here: www.nevadaschoolofthearts.com
Who is the CEO of Nevada School Of The Arts?
Tom Kovach is the Principal Officer of Nevada School Of The Arts. The CEO's salary of Nevada School Of The Arts is $74,513 and their total compensation is $74,513.
Official website here: www.nevadaschoolofthearts.com
What is the revenue of Nevada School Of The Arts?
Nevada School Of The Arts's revenue in 2022 was $793,614.
Official website here: www.nevadaschoolofthearts.com
Who are the executives of Nevada School Of The Arts and what are their salaries?
The average compensation at Nevada School Of The Arts during 2022 was $9,587. There are 45 employees at Nevada School Of The Arts.
Here are 11 key members and their salaries (Nevada School Of The Arts's CEO's salary is $74,513 and their total compensation is $74,513):
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- Compensation: $74,513
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- Compensation: $33,000
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Official website here: www.nevadaschoolofthearts.com
Where can I find the form 990 for Nevada School Of The Arts?
Nevada School Of The Arts's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nevadaschoolofthearts.com
Learn more at the official website: www.nevadaschoolofthearts.com
Mission Statement of Nevada School Of The Arts
The Nevada School of the Arts, a dedicated institution, is committed to offering a wide array of opportunities for quality education and creative expression in the performing and visual arts. This nonprofit organization aims to serve the entire community, regardless of their financial capabilities, by providing instructions in these artistic fields. With a student body exceeding three hundred individuals in Southern Nevada, the Nevada School of the Arts is a significant contributor to the community's artistic landscape.
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Impact
July, 2024
Nevada School Of The Arts positively impacts the community by providing quality education and creative expression opportunities in the performing and visual arts to over three hundred students in Southern Nevada. By offering instruction regardless of a family's ability to pay, the school ensures that more individuals have access to arts education and can explore their artistic talents. This not only enriches the lives of the students but also contributes to the cultural vibrancy of the local community in Las Vegas.
This information is meant to be a general summary of Nevada School Of 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 2022.
- Investment Income: $6,426
- Program Service Revenue: $370,375
- Gross Receipts: $814,620
Assets and Liabilities:
- Total Assets: $437,970
- Total Liabilities: $397,265
- Net Assets: $40,705
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT TUITION
Revenue
$365,691
REGISTRATION FEES
Revenue
$4,684
Organization Details
Founding Year
1977
Phone
(702) 384-2787Principal Officer
Tom Kovach
Main Address
401 S 4TH STREET SUITE 125, LAS VEGAS, NV, 89101
NTEE Category
Code: A25Z - Arts
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