Overview
What is Tate Americas Foundation?
Tate Americas Foundation, based in New York, is a nonprofit organization with a team of five employees dedicated to supporting Tate in England. They provide assistance by acquiring artworks or donating pieces to lend to the Tate collection from North and Latin America. In addition, they manage an endowment fund for the long-term benefit of the Tate's art collection. The Foundation's mission is to grant artwork, funding, and other resources to Tate in the UK, bolstering its cultural significance.
Official website here: www.tateamericas.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Tate Americas Foundation has received a strong Four-Star rating from Charity Navigator, indicating a high level of accountability and financial stability. The charity's score is entirely based on its accountability and finance, where it excelled with a score of 97%. This rating reflects the organization's commitment to transparency and responsible management of its resources.
The foundation boasts a fully independent board, as all 13 members are independent, which strengthens its governance. Additionally, it scores perfectly in key areas such as financial statements, conflict of interest policies, and the absence of any material diversion of assets, demonstrating effective oversight and ethical practices. The organization's program expenses are impressive, with over 92% of its spending allocated to programs, reflecting a strong focus on its mission.
While the foundation's financial ratios, including a low liabilities to assets ratio and excellent fundraising efficiency, suggest a well-managed organization, there are no noted limitations or concerns in the data provided. Overall, Tate Americas Foundation represents a reliable option for donors seeking to support a financially sound nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Tate Americas Foundation legitimate?
Tate Americas Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tate Americas Foundation 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: $368,928
Professional Fundraising Fees: $0
Other Salaries and Wages: $298,159
For more financial information, click here
Official website here: www.tateamericas.org
What is the mission statement of Tate Americas Foundation?
The Tate Americas Foundation supports Tate in the UK by providing grants of artwork, funding, and other forms of assistance. Its mission is geared towards benefiting Tate, primarily through the acquisition and lending of artworks from North and Latin America. Additionally, the foundation manages an endowment fund for the long-term benefit of Tate's collection of art.
Official website here: www.tateamericas.org
Who is the CEO of Tate Americas Foundation?
Catherine Carver Dunn is the President of Tate Americas Foundation.
Official website here: www.tateamericas.org
What is the revenue of Tate Americas Foundation?
Tate Americas Foundation's revenue in 2023 was $13,041,310.
Official website here: www.tateamericas.org
Who are the executives of Tate Americas Foundation and what are their salaries?
The average compensation at Tate Americas Foundation during 2023 was $133,417. There are 5 employees at Tate Americas Foundation.
Here are 16 key members and their salaries:
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- Compensation: $362,828
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- Compensation: $140,000
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- Other: $19,668
- Compensation: $117,500
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- Other: $19,668
Official website here: www.tateamericas.org
Where can I find the form 990 for Tate Americas Foundation?
Tate Americas Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.tateamericas.org
Learn more at the official website: www.tateamericas.org
Mission Statement of Tate Americas Foundation
The Tate Americas Foundation plays a vital role in supporting the Tate in the United Kingdom by providing it with grants of artwork, funding, and other forms of assistance. This foundation, based in the United States, is dedicated to benefiting the Tate through its generous contributions.
The Tate Americas Foundation's mission is centered around acquiring works of art for the Tate collection, either through purchase or gift. These artworks are then lent to the Tate for public display, enhancing its prestigious collection. Furthermore, the Foundation manages an endowment fund specifically for the long-term benefit of the North and Latin American art collection housed at the Tate. By sustaining the Tate's collection with continuous support, the Foundation contributes significantly to the cultural landscape and preservation of artistic heritage.
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Impact
October, 2024
Tate Americas Foundation significantly enhances the Tate collection and its programming by acquiring artworks through purchase or donation, ensuring a diverse representation of North and Latin American art. This support extends beyond the physical artworks; the Foundation also manages an endowment fund dedicated to the long-term benefit of the Tate's collection. Through its grants, funding, and logistical assistance, the Foundation bolsters Tate's efforts to present compelling exhibitions and educational initiatives, ultimately enriching the cultural landscape in the UK. By fostering connections between American artists and the Tate, the Foundation plays a pivotal role in expanding the reach and impact of contemporary art.
This information is meant to be a general summary of Tate Americas Foundation. 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: $536,581
- Program Service Revenue: $1,112,586
- Gross Receipts: $16,949,510
Assets and Liabilities:
- Total Assets: $103,564,827
- Total Liabilities: $61,705
- Net Assets: $103,503,122
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,112,586
Organization Details
Founding Year
1987
Phone
(212) 643-2818Principal Officer
Catherine Carver Dunn
Main Address
520 WEST 27TH STREET UNIT 404, NEW YORK, NY, 10001
Website
www.tateamericas.orgNTEE Category
Code: A115 - Arts
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