Overview
What is Ifetayo Cultural Arts Academy Inc?
Ifetayo Cultural Arts Academy Inc is a nonprofit entity situated in Flatbush, Brooklyn, and its surrounding communities. Their primary focus is on nurturing the creative, educational, and vocational growth of youth and families of African descent. Through their initiatives, they aim to empower these individuals, providing them with a platform to thrive and develop their talents. The organization's mission is deeply rooted in supporting the community, fostering a sense of belonging and opportunities for personal and professional advancement. While the specific activities and schedules may vary (as stated in the information), the overarching commitment to the creative and educational development of the African descent community remains steadfast.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Ifetayo Cultural Arts Academy Inc has earned a Three-Star rating from Charity Navigator, reflecting an overall score of 85%. This rating is derived entirely from the Accountability & Finance beacon, demonstrating the organization's commitment to financial integrity and transparency. Key strengths include a fully independent board, effective audit oversight, and robust policies for conflicts of interest and whistleblower protections.
The organization has excelled in various accountability measures, scoring full points on board independence, financial statement oversight, and other compliance-related policies. With a program expense ratio of nearly 80%, it shows a strong commitment to directing funds toward its programs rather than administrative costs, which is a positive indicator for potential donors.
However, the organization does face some challenges, particularly with its liabilities to assets ratio, which stands at 65%. This may raise some concerns regarding financial sustainability and liquidity. Overall, Ifetayo Cultural Arts Academy Inc demonstrates a solid commitment to accountability, though potential supporters should consider the financial ratios when evaluating the organization's long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Ifetayo Cultural Arts Academy Inc legitimate?
Ifetayo Cultural Arts Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ifetayo Cultural Arts Academy 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: $133,214
Professional Fundraising Fees: $0
Other Salaries and Wages: $285,432
For more financial information, click here
What is the mission statement of Ifetayo Cultural Arts Academy Inc?
Ifetayo Cultural Arts Academy Inc, as an arts and cultural organization, is committed to fostering the creative, educational, and vocational growth of youth and families of African descent. Located in Flatbush, Brooklyn, and surrounding communities, the academy's mission is centered around supporting their development. The organization strives to provide a nurturing environment where individuals can thrive in various artistic and educational pursuits, ultimately empowering them to reach their full potential.
Who is the CEO of Ifetayo Cultural Arts Academy Inc?
Naima Oyo is the Executive Director of Ifetayo Cultural Arts Academy Inc.
What is the revenue of Ifetayo Cultural Arts Academy Inc?
Ifetayo Cultural Arts Academy Inc's revenue in 2022 was $1,030,384.
Who are the executives of Ifetayo Cultural Arts Academy Inc and what are their salaries?
The average compensation at Ifetayo Cultural Arts Academy Inc during 2022 was $11,017. There are 38 employees and 24 volunteers at Ifetayo Cultural Arts Academy Inc.
Here are 12 key members and their salaries:
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Where can I find the form 990 for Ifetayo Cultural Arts Academy Inc?
Ifetayo Cultural Arts Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ifetayo Cultural Arts Academy Inc
Ifetayo Cultural Arts Academy, as an arts and cultural organization, is committed to fostering the creative, educational, and vocational growth of youth and families of African descent in their community. The academy's mission is to support these individuals, primarily based in Flatbush, Brooklyn, and its surrounding areas. By offering various artistic and educational programs, the academy aims to empower these families and help them develop their talents and skills. The organization's goal is to contribute positively to the personal and professional development of its community members, ensuring a prosperous future for them.
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Impact
July, 2024
Ifetayo Cultural Arts Academy Inc's impact is profound in supporting the creative, educational, and vocational development of youth and families of African descent in Flatbush, Brooklyn, and surrounding communities. Through its emphasis on arts and culture, the academy plays a vital role in nurturing talent, fostering self-expression, and providing opportunities for personal and community growth. Its dedication to empowering individuals of African descent through the arts contributes to the enrichment of the cultural landscape and the promotion of diversity and inclusivity in the community.
This information is meant to be a general summary of Ifetayo Cultural Arts Academy 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 2022.
- Program Service Revenue: $29,732
- Gross Receipts: $1,030,384
Assets and Liabilities:
- Total Assets: $1,731,669
- Total Liabilities: $552,666
- Net Assets: $1,179,003
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND ADMISSIONS
Revenue
$27,132
OTHER FEES AND SERVICES
Revenue
$2,600
Organization Details
Founding Year
1990
Principal Officer
Naima Oyo
Main Address
1561 BEDFORD AVE 2ND FLOOR, BROOKLYN, NY, 11225
NTEE Category
Code: A200 - Arts
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