Overview
What is Foundation For Independent Artists Inc?
Foundation for Independent Artists Inc, based in New York, New York, serves as a supportive platform for artistic entities. This nonprofit organization offers a corporate structure and nurtures artistic growth through a blend of infrastructure, financial, and administrative aid. By providing this backing, they enable these artistic entities to thrive and showcase their work, with performances taking place across the United States and Europe. The organization's mission is to foster creativity and innovation in the arts, contributing to a rich cultural landscape. With a workforce of 171 dedicated individuals, it plays a significant role in supporting and nurturing the artistic community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
Foundation For Independent Artists Inc has received a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and financial health. The overall score reflects a strong emphasis on financial management, with a particular focus on program expenses, fundraising efficiency, and asset management. The organization has demonstrated integrity in its financial practices, evidenced by its high marks in areas such as material asset diversion and conflict of interest policies.
Strengths highlighted in the evaluation include the charity's independent board composition, which consists of 100% independent members, and effective oversight with an audit committee in place. The organization maintains a low ratio of liabilities to assets, as well as an impressive program expense ratio, signifying that a significant portion of its funds is directed towards its programs. Additionally, its fundraising costs are minimal, enhancing its overall efficiency.
However, the Foundation's board size may be a limitation, as it only has four independent members. While the board's independence is commendable, a larger board could potentially offer more perspectives and resources, strengthening governance further. Overall, the organization appears to be financially sound and committed to its mission, though there is room for improvement in board composition.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Independent Artists Inc legitimate?
Foundation For Independent Artists Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Independent Artists 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $897,563
For more financial information, click here
What is the mission statement of Foundation For Independent Artists Inc?
The Foundation for Independent Artists Inc. supports artistic entities by providing them with a corporate structure and fostering their artistic pursuits. They achieve this through a combination of infrastructure, financial, and administrative assistance. The organization's mission is to nurture and promote art, with performances held in various locations, including the United States and Europe. New works are created, and residencies are offered to further encourage artistic growth.
Who is the CEO of Foundation For Independent Artists Inc?
Clarissa Soto Josephs is the Treasurer of Foundation For Independent Artists Inc.
What is the revenue of Foundation For Independent Artists Inc?
Foundation For Independent Artists Inc's revenue in 2022 was $4,603,218.
Who are the executives of Foundation For Independent Artists Inc and what are their salaries?
The average compensation at Foundation For Independent Artists Inc during 2022 was $5,249. There are 171 employees at Foundation For Independent Artists Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $95,980
- Other: $7,668
- Compensation: $0
- Related: $72,445
- Other: $1,885
- Compensation: $0
- Related: $70,492
- Other: $3,762
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Foundation For Independent Artists Inc?
Foundation For Independent Artists Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Foundation For Independent Artists Inc
The Foundation for Independent Artists Inc is dedicated to supporting artistic entities by providing them with a corporate structure. This organization fosters the growth and development of these entities' artistic ventures through a combination of infrastructure, financial, and administrative support. By offering this comprehensive assistance, the Foundation enables these artistic entities to focus on creating new works and showcasing their talents through performances both in the United States and Europe. The organization's mission is to serve as a vital partner in the artistic world, offering the necessary resources to help these entities thrive and contribute to the richness of the global arts scene.
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Impact
August, 2024
Foundation For Independent Artists Inc's impact lies in providing artistic entities with the necessary corporate structure and support to foster their art. By offering infrastructure, financial assistance, and administrative support, the organization enables performers to showcase their talents through performances held across the United States and Europe. Furthermore, Foundation For Independent Artists Inc plays a vital role in the creation of new artistic works and facilitates residencies for artists to further develop their craft. Overall, the organization's efforts contribute to the vibrancy and diversity of the arts scene, supporting artists in pursuing their creative endeavors and reaching wider audiences.
This information is meant to be a general summary of Foundation For Independent Artists 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: $1,374,426
- Gross Receipts: $4,603,218
Assets and Liabilities:
- Total Assets: $3,641,230
- Total Liabilities: $109,013
- Net Assets: $3,532,217
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PERFORMANCES AND WORKSHOPS
Revenue
$1,374,426
Organization Details
Founding Year
1981
Phone
(212) 278-8111Principal Officer
Clarissa Soto Josephs
Main Address
40 BROAD STREET, NEW YORK, NY, 10004
NTEE Category
Code: A91Z - Arts
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