Overview
What is Friends Of The Cultural Center Inc?
Friends of the Cultural Center Inc, based in Palm Desert, California, operates with a mission to entertain and educate the public through the performing arts. Located at 73000 Fred Waring Dr, this nonprofit organization serves the diverse communities of the Coachella Valley. With a team of 145 employees, they offer a multitude of performing arts experiences catering to various interests and tastes. Their primary focus lies in the education and development of the youth, providing them with enriching experiences. Friends of the Cultural Center Inc ensures the financial health and longevity of the theater by operating efficiently and building a strong community base. They also collaborate with other local arts and community organizations to foster a vibrant cultural scene in the Coachella Valley.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Friends Of The Cultural Center Inc has achieved an impressive 94% score on Charity Navigator, reflecting a strong commitment to accountability and financial health. This high rating indicates effective management practices, including a fully independent board and rigorous oversight through its audit and financial policies. The organization excels in maintaining transparency and ethical practices, as evidenced by its documented conflict of interest and whistleblower policies.
Financially, the nonprofit demonstrates sound operations with a program expense ratio of 69%, highlighting that a significant portion of its funds is directed towards its mission-related activities. Furthermore, the low liabilities to assets ratio of 20.78% suggests a stable financial position, making it capable of sustaining its initiatives over time. The fundraising efficiency is also commendable, requiring only $0.21 to raise a dollar.
While the ratings reflect strong overall performance, ongoing attention to maintaining these standards will be crucial as the organization continues to grow. The absence of noted weaknesses in governance or financial practices indicates a solid foundation for further development and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Cultural Center Inc legitimate?
Friends Of The Cultural Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Cultural Center 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: $1,072,557
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,961,760
For more financial information, click here
What is the mission statement of Friends Of The Cultural Center Inc?
Friends of The Cultural Center Inc aims to entertain and educate the public through a diverse range of performing arts experiences. Reflecting the interests and tastes of various communities, the organization provides opportunities for public enrichment and learning. The mission prioritizes serving the youth in the communities, broadening their horizons and fostering appreciation for the arts. The financial health and long-term success of the cultural institution are ensured through efficient operations and community support. Collaborative efforts with other arts and community organizations further strengthen the impact of Friends of The Cultural Center Inc.
Who is the CEO of Friends Of The Cultural Center Inc?
Garry C Kief is the Chairperson of Friends Of The Cultural Center Inc. The CEO's salary of Friends Of The Cultural Center Inc is $392,466 and their total compensation is $392,466.
What is the revenue of Friends Of The Cultural Center Inc?
Friends Of The Cultural Center Inc's revenue in 2023 was $19,366,765.
Who are the executives of Friends Of The Cultural Center Inc and what are their salaries?
The average compensation at Friends Of The Cultural Center Inc during 2023 was $41,616. There are 145 employees and 150 volunteers at Friends Of The Cultural Center Inc.
Here are 61 key members and their salaries (Friends Of The Cultural Center Inc's CEO's salary is $392,466 and their total compensation is $392,466):
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Where can I find the form 990 for Friends Of The Cultural Center Inc?
Friends Of The Cultural Center Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Friends Of The Cultural Center Inc
Friends of the Cultural Center Inc, a renowned nonprofit organization, is dedicated to entertaining and educating the public through a diverse range of performing arts experiences. By offering a variety of shows that cater to the interests and tastes of various communities, this esteemed institution seeks to reflect and represent the richness and diversity of its constituents.
Moreover, Friends of the Cultural Center Inc holds a special commitment to serving the youth in the community. Through its innovative and engaging programming, it not only provides entertainment but also plays a significant role in the education of young minds. The organization's mission extends beyond mere entertainment, as it strives to ensure the long-term viability of the theater as a vital cultural institution.
To achieve this goal, Friends of the Cultural Center Inc operates efficiently and maintains a strong base of community support. By collaborating with other arts and community organizations in the region, it fosters a vibrant and thriving arts scene that enriches the lives of its residents. In this way, Friends of the Cultural Center Inc not only provides a platform for artistic expression but also contributes to the overall cultural and social fabric of the community.
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Impact
October, 2024
Friends Of The Cultural Center Inc has made a significant impact by enriching the performing arts landscape in the Coachella Valley. By providing a diverse range of performances, they have successfully engaged the local community, reflecting the varied interests and cultural backgrounds of residents. The focus on serving youth has been particularly noteworthy, as it fosters appreciation for the arts among younger generations, ensuring long-term growth and engagement in the cultural sector.
Their commitment to education through the arts has not only entertained audiences but also provided valuable learning experiences, enhancing cultural literacy and artistic expression. The organization has played a pivotal role in promoting the financial sustainability of the McCallum Theatre, enabling it to thrive as a vital cultural institution. By collaborating with other arts and community organizations, Friends Of The Cultural Center Inc has built a strong network of support, furthering the reach and impact of performing arts in the region, and ensuring that the theatre remains a cornerstone of cultural activity in Palm Desert and beyond.
This information is meant to be a general summary of Friends Of The Cultural Center 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: $617,270
- Program Service Revenue: $8,633,943
- Gross Receipts: $49,268,307
Assets and Liabilities:
- Total Assets: $57,288,154
- Total Liabilities: $11,905,607
- Net Assets: $45,382,547
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PERFORMING ARTS
Revenue
$8,633,943
Organization Details
Founding Year
1973
Phone
(760) 346-6505Principal Officer
Garry C Kief
Main Address
73000 Fred Waring Dr, Palm Desert, CA, 92260
NTEE Category
Code: A610 - Arts
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