Overview
What is The Elizabeth Foundation For The Arts?
The Elizabeth Foundation for the Arts (EFA) is a nonprofit organization committed to fostering artistic growth and interaction. Their primary mission is to offer artists from various disciplines a conducive environment, essential resources, and a collaborative platform to enhance their artistic practices. EFA serves as a catalyst for cultural expansion, encouraging new connections between artists, creative communities, and the general public. By providing artists with the necessary space, tools, and a cooperative forum, EFA contributes significantly to artistic development and overall cultural enrichment.
Official website here: www.efancy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% - Two-Star out of Four Star Rating
The Elizabeth Foundation For The Arts has received a Two-Star rating from Charity Navigator, reflecting a moderate level of accountability and financial performance. The organization excels in governance aspects, boasting a fully independent board of members and strong policies related to conflicts of interest and whistleblower protections. However, the charity struggles with transparency as it has not provided financial statements, which significantly impacted its overall score.
Financially, the organization shows commitment to its programs, with a program expense ratio of 86.72%, indicating that a large portion of its expenditures goes directly toward its mission. However, the liabilities to assets ratio of 69.25% raises concerns about its financial stability. This discrepancy points to a potential risk if the organization does not improve its financial reporting and overall asset management.
While the charity has demonstrated strong governance practices and a focus on its artistic mission, the lack of financial transparency remains a notable limitation. Stakeholders and potential donors may want to consider this aspect when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Elizabeth Foundation For The Arts legitimate?
The Elizabeth Foundation For The Arts is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Elizabeth Foundation For 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: $63,661
Professional Fundraising Fees: $0
Other Salaries and Wages: $677,961
For more financial information, click here
Official website here: www.efancy.org
What is the mission statement of The Elizabeth Foundation For The Arts?
The Elizabeth Foundation for the Arts is committed to supporting artists across various disciplines. Their mission is to provide artists with necessary space, tools, and a collaborative environment that fosters the development of their individual practices. The foundation serves as a catalyst for cultural growth, encouraging interactions between artists, creative communities, and the public. By offering a cooperative forum, EFA stimulates innovation and promotes the advancement of the arts community.
Official website here: www.efancy.org
Who is the CEO of The Elizabeth Foundation For The Arts?
Jane Stephenson is the Executive Di of The Elizabeth Foundation For The Arts.
Official website here: www.efancy.org
What is the revenue of The Elizabeth Foundation For The Arts?
The Elizabeth Foundation For The Arts's revenue in 2022 was $2,227,501.
Official website here: www.efancy.org
Who are the executives of The Elizabeth Foundation For The Arts and what are their salaries?
The average compensation at The Elizabeth Foundation For The Arts during 2022 was $33,710. There are 22 employees at The Elizabeth Foundation For The Arts.
Here are 10 key members and their salaries:
- Compensation: $63,661
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Official website here: www.efancy.org
Where can I find the form 990 for The Elizabeth Foundation For The Arts?
The Elizabeth Foundation For The Arts's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.efancy.org
Learn more at the official website: www.efancy.org
Mission Statement of The Elizabeth Foundation For The Arts
The Elizabeth Foundation for the Arts, a nonprofit organization, is committed to supporting artists across various disciplines. Its mission is twofold: firstly, to provide artists with necessary resources such as space and tools. Secondly, it strives to create a collaborative forum where artists can develop their individual practices. The foundation serves as a catalyst for cultural growth, fostering new interactions between artists, creative communities, and the public. By doing so, The Elizabeth Foundation for the Arts plays a pivotal role in stimulating artistic development and fostering a vibrant creative landscape.
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Impact
July, 2024
The Elizabeth Foundation for the Arts plays a crucial role in supporting artists across all disciplines by providing them with space, tools, and a cooperative forum for the development of their individual practice. By serving as a catalyst for cultural growth, EFA stimulates new interactions between artists, creative communities, and the public. Through its efforts, EFA contributes to the enrichment and advancement of the arts sector, fostering creativity and collaboration among diverse artists.
This information is meant to be a general summary of The Elizabeth Foundation For 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: $468
- Program Service Revenue: $1,277,637
- Gross Receipts: $2,643,989
Assets and Liabilities:
- Total Assets: $7,043,341
- Total Liabilities: $4,877,821
- Net Assets: $2,165,520
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDIO FEES AND DUES
Revenue
$1,209,174
WORKSHOPS
Revenue
$62,182
CONTRACTED SERVICES
Revenue
$5,781
OTHER
Revenue
$500
Organization Details
Founding Year
1992
Phone
(212) 563-5855Principal Officer
Jane Stephenson
Main Address
EFA CENTER 323 WEST 39TH ST, NEW YORK, NY, 100181411
Website
www.efancy.orgNTEE Category
Code: A900 - Arts
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