Overview
What is Lancaster Performing Arts Center Foundation?
The Lancaster Performing Arts Center Foundation is a nonprofit organization headquartered in Lancaster, California, specifically at 44933 North Fern Avenue, ZIP code 93534. Their primary purpose is to support the Lancaster Performing Arts Center, a local venue dedicated to serving the community. They achieve this by contributing funds to various local entities, such as the City of Lancaster and the A.V. Symphony, all of which contribute to the performing arts sector. The Foundation also engages in promotional activities, organizing galas and public performances to showcase the center and foster community involvement. With a small team of 1 employee, the Foundation is committed to enriching the cultural landscape of Lancaster.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%
The Lancaster Performing Arts Center Foundation has received a Three-Star out of Four Star rating from Charity Navigator, indicating a solid level of accountability and financial health. With an overall score derived entirely from its Accountability & Finance metrics, the organization shows strength in maintaining an independent board, with 100% of its members being independent, which is crucial for unbiased governance.
In terms of financial management, the foundation demonstrates a commendable liabilities to assets ratio of 0.96%, indicating a stable financial position. Additionally, it successfully documents board meeting minutes and has a conflict of interest policy in place, further showcasing its commitment to transparency and ethical practices. The program expense ratio stands at 67.59%, reflecting that a significant portion of its expenses is directed towards its programs.
However, the organization's overall rating primarily rests on its financial accountability, and there may be a need for more comprehensive evaluations in other areas such as program impact and community engagement to provide a fuller picture of its effectiveness. Overall, the Lancaster Performing Arts Center Foundation appears to be well-managed from a financial standpoint, with a strong governance structure in place.
This AI summary has been generated from information found on Charity Navigator.
Is Lancaster Performing Arts Center Foundation legitimate?
Lancaster Performing Arts Center Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lancaster Performing Arts Center Foundation 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: $19,185
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What is the mission statement of Lancaster Performing Arts Center Foundation?
The Lancaster Performing Arts Center Foundation's mission is to consistently support the local Lancaster Performing Arts Center. This center serves the community by hosting various performances and events. The Foundation contributes financially to organizations like the City of Lancaster and the A.V. Symphony, all of which contribute to the performing arts sector. Furthermore, the Foundation increases the center's visibility through public galas and performances. Their primary objective is to bolster the performing arts scene in the community.
Who is the CEO of Lancaster Performing Arts Center Foundation?
R Steven Derryberry is the President of Lancaster Performing Arts Center Foundation.
What is the revenue of Lancaster Performing Arts Center Foundation?
Lancaster Performing Arts Center Foundation's revenue in 2022 was $47,825.
Who are the executives of Lancaster Performing Arts Center Foundation and what are their salaries?
The average compensation at Lancaster Performing Arts Center Foundation during 2022 was $19,185. There is 1 employee and 2 volunteers at Lancaster Performing Arts Center Foundation.
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Where can I find the form 990 for Lancaster Performing Arts Center Foundation?
Lancaster Performing Arts Center Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lancaster Performing Arts Center Foundation
The Lancaster Performing Arts Center Foundation plays a crucial role in supporting the local Lancaster Performing Arts Center. Established with the intention of benefiting the community, this foundation contributes funds to various organizations, including the City of Lancaster and the A.V. Symphony, that contribute to the thriving performing arts scene. Beyond monetary support, the foundation also actively promotes the center by organizing gala events and performances open to the public. This collective effort aims to ensure the center remains a vibrant and accessible cultural hub for the community.
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Impact
August, 2024
The Lancaster Performing Arts Center Foundation's impact is felt through its ongoing support for the Lancaster Performing Arts Center, a local theater constructed to benefit the community. The Foundation has donated funds to the City of Lancaster, A.V. Symphony, and other local organizations benefiting performing arts. By promoting the center through various galas and performances open to the public, the Foundation plays a vital role in enriching the cultural life of the community and supporting the arts.
This information is meant to be a general summary of Lancaster Performing Arts Center Foundation. 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: $346
- Gross Receipts: $67,714
Assets and Liabilities:
- Total Assets: $172,422
- Total Liabilities: $1,483
- Net Assets: $170,939
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Organization Details
Founding Year
1989
Phone
(661) 723-6082Principal Officer
R Steven Derryberry
Main Address
44933 North Fern Avenue, Lancaster, CA, 93534
NTEE Category
Code: A61I - Arts
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