Overview
What is National Arts Centre Corporation?
The National Arts Centre Corporation, also known as NAC-CNA, is a Canadian nonprofit organization located at 1 Elgin Street, Ottawa, Ontario (PO Box 1534 STN B, K1P 5W1). Established with the mission to advance education and foster public appreciation for the performing arts, including music, theatre, and dance, the corporation operates a performing arts centre in Ottawa. Its primary goal is to develop the performing arts scene in the National Capital Region, while also assisting the Canada Council for the Arts in promoting the arts across Canada.
Official website here: www.nac-cna.ca/en/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The National Arts Centre Corporation has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 66%. This indicates that while the organization demonstrates strengths in governance, including a fully independent board and the presence of essential policies like conflict of interest and whistleblower protections, there are significant concerns in financial transparency and management.
One notable strength is the high program expense ratio of 85.61%, indicating that a large portion of its expenses is directed toward its mission-related activities. However, the absence of financial statements and the missing tax form on the nonprofit's website are critical weaknesses that hinder its accountability and transparency. The liabilities to assets ratio is also concerning, at 92.12%, suggesting potential financial instability.
Overall, while the National Arts Centre Corporation shows commitment to governance and programming, the lack of financial documentation and the high liabilities indicate areas that require urgent improvement to enhance public trust and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is National Arts Centre Corporation legitimate?
National Arts Centre Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Arts Centre Corporation 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: $110,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,533,000
For more financial information, click here
Official website here: www.nac-cna.ca/en/
What is the mission statement of National Arts Centre Corporation?
The National Arts Centre Corporation aims to foster the growth of performing arts, specifically music, theatre, and dance, in Canada. By operating and managing a performing arts center, the corporation advances education and cultivates public appreciation for these art forms. Its objectives extend beyond Ottawa, as it collaborates with the Canada Council for the Arts to promote performing arts development nationwide. Through its initiatives, the organization contributes significantly to Canada's cultural landscape.
Official website here: www.nac-cna.ca/en/
Who is the CEO of National Arts Centre Corporation?
Ikram Zouari is the Chair of National Arts Centre Corporation. The CEO's salary of National Arts Centre Corporation is $0 and their total compensation is $0.
Official website here: www.nac-cna.ca/en/
What is the revenue of National Arts Centre Corporation?
National Arts Centre Corporation's revenue in 2022 was $100,347,000.
Official website here: www.nac-cna.ca/en/
Who are the executives of National Arts Centre Corporation and what are their salaries?
Here are 19 key members and their salaries (National Arts Centre Corporation's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.nac-cna.ca/en/
Where can I find the form 990 for National Arts Centre Corporation?
National Arts Centre Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nac-cna.ca/en/
Learn more at the official website: www.nac-cna.ca/en/
Mission Statement of National Arts Centre Corporation
The National Arts Centre Corporation, a prominent non-profit organization, is dedicated to the operation and maintenance of a performing arts centre. This centre, located in Ottawa, serves as a hub for the development of the performing arts in the National Capital Region. Beyond its local efforts, the Corporation works hand in hand with the Canada Council for the Arts to foster the growth of performing arts across Canada. Through its mission, the Corporation strives to advance education by encouraging public appreciation for music, theatre, and dance.
The National Arts Centre Corporation's primary objectives revolve around cultivating the performing arts scene. By operating a performing arts centre, it offers a platform for various artistic expressions, providing opportunities for growth and innovation. The organization's commitment to education is evident in its role of fostering a deeper connection between the public and the performing arts. This commitment extends beyond Ottawa, as the Corporation collaborates with the Canada Council for the Arts to support the development of the performing arts nationwide.
In essence, the National Arts Centre Corporation plays a pivotal role in nurturing the performing arts culture in Canada. Through its performing arts centre and collaborative efforts with the Canada Council for the Arts, it serves as a pillar of artistic development and education in the country.
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Impact
October, 2024
The National Arts Centre Corporation significantly contributes to the cultural landscape of Canada by advancing education and fostering public appreciation for the performing arts, including music, theatre, and dance. By operating and maintaining a prominent performing arts centre in Ottawa, it serves as a hub for artistic expression and cultural exchange in the National Capital Region.
Through its various initiatives, the organization plays a vital role in the development of the performing arts, not only locally but also by assisting the Canada Council for the Arts in enhancing the arts across the country. This commitment fosters talent, encourages creativity, and enriches the community’s artistic offerings, ultimately elevating the status of the performing arts on a national level. The activities and programs the National Arts Centre Corporation undertakes empower artists, engage audiences, and strengthen Canada's cultural identity.
This information is meant to be a general summary of National Arts Centre Corporation. 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: $16,000
- Program Service Revenue: $17,071,000
- Gross Receipts: $100,347,000
Assets and Liabilities:
- Total Assets: $237,709,768
- Total Liabilities: $224,018,000
- Net Assets: $13,691,768
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Ticketing and programing revenue
Revenue
$17,071,000
Organization Details
Phone
(647) 947-7000Principal Officer
Ikram Zouari
Website
www.nac-cna.ca/en/NTEE Category
Code: A60 - Arts
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