Overview
What is 45th Street Artists' Cooperative I?
45th Street Artists' Cooperative I is a nonprofit organization located in Emeryville, California, with a US address at 1420 45th Street, 94608. The primary mission of this cooperative is to offer permanently affordable housing and artist's studio space on a limited-equity, nonprofit basis. This initiative is intended to primarily serve artists, ensuring at least 51% have incomes below 80% of the area median income, and 49% have incomes below 120% of the area median income. The cooperative, also known as the Emeryville Artist's Cooperative, has a small workforce of three individuals committed to this purpose.
Official website here: www.emeryvilleartistscoop.org
Is 45th Street Artists' Cooperative I legitimate?
45th Street Artists' Cooperative I is a legitimate nonprofit organization registered as a 501(c)(3) entity. 45th Street Artists' Cooperative I 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: $109,161
For more financial information, click here
Official website here: www.emeryvilleartistscoop.org
What is the mission statement of 45th Street Artists' Cooperative I?
The 45th Street Artists' Cooperative I is dedicated to providing its members with permanently affordable housing and studio space on a nonprofit limited-equity cooperative basis. This aligns with the provisions of the Nonprofit Public Benefit Corporation Law and specific sections of the Health and Safety Code. The housing is primarily intended for artists, with at least 51% of the residents having incomes below 80% of the area median income, and 49% having incomes below 120% of the area median income. The cooperative's purpose is to offer a supportive environment for artists, fostering their creative pursuits while ensuring they can afford the living and workspace costs.
Official website here: www.emeryvilleartistscoop.org
Who is the CEO of 45th Street Artists' Cooperative I?
John Demerritt is the President of 45th Street Artists' Cooperative I.
Official website here: www.emeryvilleartistscoop.org
What is the revenue of 45th Street Artists' Cooperative I?
45th Street Artists' Cooperative I's revenue in 2022 was $433,444.
Official website here: www.emeryvilleartistscoop.org
Who are the executives of 45th Street Artists' Cooperative I and what are their salaries?
The average compensation at 45th Street Artists' Cooperative I during 2022 was $36,387. There are 3 employees at 45th Street Artists' Cooperative I.
Here are 5 key members and their salaries:
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- Other: $0
Official website here: www.emeryvilleartistscoop.org
Where can I find the form 990 for 45th Street Artists' Cooperative I?
45th Street Artists' Cooperative I's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.emeryvilleartistscoop.org
Learn more at the official website: www.emeryvilleartistscoop.org
Mission Statement of 45th Street Artists' Cooperative I
The 45th Street Artists' Cooperative I is committed to providing its members with permanently affordable housing and artist's studio space on a nonprofit limited-equity cooperative basis. This organization, in alignment with the Nonprofit Public Benefit Corporation Law, Health and Safety Code Section 33007.5, and its articles of incorporation, aims to serve primarily artists, ensuring that at least 51% of its members have incomes below 80% of the area median income, and 49% have incomes below 120% of the area median income. The purpose of this cooperative is to offer a supportive living environment where artists can focus on their creative pursuits, fostering a vibrant artistic community.
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Impact
October, 2024
45th Street Artists' Cooperative I significantly impacts the local arts community by providing permanently affordable live/work housing for artists. Situated in Emeryville, CA, it primarily serves those artists with limited financial resources, ensuring that at least 51% of its members earn at or below 80% of the area median income. By creating a stable and supportive environment, it allows artists to thrive creatively without the burden of exorbitant living expenses.
The cooperative model encourages a sense of community among its members, fostering collaboration and interaction, which are vital for artistic expression and growth. Furthermore, by ensuring access to artist studio space, it supports the production and exhibition of diverse artworks, enriching the cultural landscape of the area.
In addition to creating housing opportunities, the cooperative also contributes to the local economy by supporting artists who may spend their earnings within the community, further enhancing the vitality of Emeryville. Overall, the cooperative plays a crucial role in sustaining the arts ecosystem by addressing both housing affordability and the need for dedicated creative spaces.
This information is meant to be a general summary of 45th Street Artists' Cooperative I. 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: $5,370
- Program Service Revenue: $416,060
- Gross Receipts: $433,444
Assets and Liabilities:
- Total Assets: $1,722,276
- Total Liabilities: $232,329
- Net Assets: $1,489,947
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES/ASSESSMENT
Revenue
$407,106
STORAGE
Revenue
$7,560
BICYCLE SHED
Revenue
$665
GARDEN
Revenue
$629
CONTRIBUTIONS OF YAP
Revenue
$100
Organization Details
Founding Year
1987
Phone
(510) 655-2880Principal Officer
John Demerritt
Main Address
1420 45TH STREET, EMERYVILLE, CA, 94608
NTEE Category
Code: A90Z - Arts
If you are a representative of 45th Street Artists' Cooperative I and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.