Overview
What is The Mabel Mercer Foundation Inc?
The Mabel Mercer Foundation Inc, located in New York City, New York, is a nonprofit organization dedicated to the preservation and promotion of the performing arts, particularly cabaret. With a team of four dedicated individuals, the foundation organizes various artistic events and programs globally, aiming to maintain the musical art form of cabaret and generate interest in this unique genre. Through their initiatives, they honor and develop the performing arts, contributing to its longevity and appreciation worldwide.
Official website here: www.mabel.mercer
What are the reviews and ratings of this charity?
Charity Navigator Rating: 46%, Zero-Star out of Four Star rating.
The Mabel Mercer Foundation Inc has received a low score of 46%, resulting in a Zero-Star rating primarily due to its Accountability & Finance metrics. The score reflects significant deficiencies in financial transparency, as the organization did not provide financial statements, which led to an overall deduction in points. However, the foundation does have a strong governance structure, boasting 85% independent board members and a substantial number of independent members on its board.
While the foundation demonstrates good practices in certain areas, such as having no material diversion of assets and maintaining minutes of board meetings, it is notably lacking in critical policies, including conflict of interest, whistleblower, and document retention policies. This absence of essential governance policies raises concerns about the organization’s overall accountability and transparency.
Additionally, while the program expense ratio is 51.34%, which indicates that just over half of its expenditures are directed toward its programs, the lack of financial documentation and poor ratings in other areas significantly undermine its credibility. Overall, potential donors and stakeholders may want to approach the foundation with caution due to these financial and governance issues.
This AI summary has been generated from information found on Charity Navigator.
Is The Mabel Mercer Foundation Inc legitimate?
The Mabel Mercer Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Mabel Mercer Foundation 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: $103,941
Professional Fundraising Fees: $0
Other Salaries and Wages: $87,527
For more financial information, click here
Official website here: www.mabel.mercer
What is the mission statement of The Mabel Mercer Foundation Inc?
The Mabel Mercer Foundation Inc is dedicated to promoting and preserving cabaret and performing arts. Through their activities, they aim to honor, develop, and generate interest in the musical art form of cabaret on a global scale. The foundation achieves this by hosting numerous artistic events and programs worldwide, contributing to the preservation of this unique performing art form.
Official website here: www.mabel.mercer
What is the revenue of The Mabel Mercer Foundation Inc?
The Mabel Mercer Foundation Inc's revenue in 2023 was $442,999.
Official website here: www.mabel.mercer
Who are the executives of The Mabel Mercer Foundation Inc and what are their salaries?
The average compensation at The Mabel Mercer Foundation Inc during 2023 was $47,867. There are 4 employees and 13 volunteers at The Mabel Mercer Foundation Inc.
Here are 15 key members and their salaries:
- Compensation: $54,512
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Official website here: www.mabel.mercer
Where can I find the form 990 for The Mabel Mercer Foundation Inc?
The Mabel Mercer Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mabel.mercer
Learn more at the official website: www.mabel.mercer
Mission Statement of The Mabel Mercer Foundation Inc
The Mabel Mercer Foundation Inc is committed to the promotion and preservation of cabaret and performing arts. This nonprofit organization serves the general public by developing, honoring, promoting, and preserving the performing arts. Their mission is achieved through hosting numerous artistic events and programs worldwide, helping to maintain the musical art form of cabaret and generating interest in this art form globally. The Mabel Mercer Foundation Inc plays a significant role in ensuring that the legacy of cabaret continues to thrive, fostering a deeper appreciation for this unique performing art form.
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Impact
July, 2024
The Mabel Mercer Foundation Inc plays a pivotal role in promoting and preserving the art form of cabaret and performing arts. Through its various artistic events and programs held worldwide, the foundation honors, develops, and promotes the performing arts, generating interest in this art form on a global scale. By serving the general public in this capacity, the foundation contributes significantly to the preservation and advancement of cabaret and the performing arts, leaving a lasting impact on the cultural landscape.
This information is meant to be a general summary of The Mabel Mercer Foundation 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 2023.
- Investment Income: $118
- Program Service Revenue: $158,723
- Gross Receipts: $442,999
Assets and Liabilities:
- Total Assets: $385,654
- Total Liabilities: $458
- Net Assets: $385,196
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CABARET & PERFORMING ARTS PROMOTION
Revenue
$158,723
Organization Details
Founding Year
1986
Principal Officer
Richard Meadows
Website
www.mabel.mercerNTEE Category
Code: A61 - Arts
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