Overview
What is Cave Canem Foundation Inc?
Cave Canem Foundation Inc, a nonprofit based in Brooklyn, New York, is dedicated to fostering the artistic and professional development of African American poets. Their primary mission is to elevate the diverse voices of African American poetry, engaging both the creators and the public. The foundation achieves this through various initiatives, including annual retreats offering Black poets the opportunity to learn and collaborate with esteemed faculty. These retreats also provide a platform for recognition, with awards such as the CC Poetry Prize, which supports debut collections. Additionally, Cave Canem participates in literary conferences and events, like the AWP and Dodge Poetry Festival. To further support the community, the foundation offers grants and residencies, enabling poets to continue their artistic journeys. Overall, Cave Canem Foundation Inc is committed to nurturing and celebrating the talents of African American poets.
Official website here: www.cavecanempoets.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Cave Canem Foundation Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating significant room for improvement in its accountability and financial management. The organization scored 67% overall, with a notably low score of 56 in the Accountability & Finance category, highlighting potential concerns with financial transparency and efficiency. While their Program Expense Ratio is low at 44.01%, this suggests that a smaller portion of their budget is being allocated directly to programs, which may impact their overall effectiveness.
Despite these financial concerns, the organization excels in its leadership and community engagement, scoring 100% in Leadership & Adaptability and 95% in Culture & Community. The board of directors is fully independent, which enhances governance and decision-making processes. Additionally, the foundation shows a strong commitment to equity strategies and leadership development, indicating a proactive approach to fostering a healthy organizational culture.
However, the lack of a posted tax form on their website and a concerning liabilities to assets ratio of 8.38% raise questions about their financial health and accountability to stakeholders. Overall, while Cave Canem Foundation demonstrates commendable leadership and community involvement, it must address its financial transparency and program funding to enhance its overall rating and sustainability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Cave Canem Foundation Inc?
92% of 12 reviewers on Facebook recommend Cave Canem Foundation Inc. Here is a summary of their reviews:
Many users express gratitude for the supportive environment provided by Cave Canem, emphasizing how it serves as a sanctuary for Black poets. One reviewer highlighted the significant impact it has had on their poetic development, mentioning that the foundation has been a transformative blessing for them and others in the community. The atmosphere is seen as encouraging and conducive to honing one’s craft, reinforcing the nonprofit’s mission to uplift Black voices in the literary world.
Overall, the sentiment surrounding Cave Canem is overwhelmingly positive. The organization is recognized for delivering on its promise to support and empower Black poets, making it a valued resource in the literary community.
This AI summary has been generated from reviews found on Facebook.
Is Cave Canem Foundation Inc legitimate?
Cave Canem Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cave Canem 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: $130,480
Professional Fundraising Fees: $0
Other Salaries and Wages: $408,407
For more financial information, click here
Official website here: www.cavecanempoets.org
What is the mission statement of Cave Canem Foundation Inc?
The Cave Canem Foundation Inc's mission is centered around nurturing the artistic and professional development of African American poets. It strives to foster public appreciation for the diverse voices within African American poetry. One of its primary initiatives is an annual retreat at the University of Pittsburgh, offering black poets the chance to learn and write alongside peers and renowned faculty. The foundation also awards prizes, such as the CC Poetry Prize, to provide a pathway into the publishing sector for black poets. Additionally, it participates in conferences, like AWP and Dodge Poetry Festival, and offers grants and residencies to further support the literary community.
Official website here: www.cavecanempoets.org
Who is the CEO of Cave Canem Foundation Inc?
Hao Wang is the Interim Executive Director of Cave Canem Foundation Inc.
Official website here: www.cavecanempoets.org
What is the revenue of Cave Canem Foundation Inc?
Cave Canem Foundation Inc's revenue in 2022 was $1,828,809.
Official website here: www.cavecanempoets.org
Who are the executives of Cave Canem Foundation Inc and what are their salaries?
The average compensation at Cave Canem Foundation Inc during 2022 was $53,889. There are 10 employees at Cave Canem Foundation Inc.
Here are 11 key members and their salaries:
- Compensation: $121,617
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- Other: $11,987
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Official website here: www.cavecanempoets.org
Where can I find the form 990 for Cave Canem Foundation Inc?
Cave Canem Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cavecanempoets.org
Learn more at the official website: www.cavecanempoets.org
Mission Statement of Cave Canem Foundation Inc
Cave Canem Foundation Inc is dedicated to fostering the artistic and professional development of African American poets. By doing so, it aims to increase public appreciation for the diverse voices within African American poetry. The organization achieves this mission through various initiatives, one of which is an annual retreat at the University of Pittsburgh at Greensburg, PA. During this week-long event, black poets have the opportunity to learn, write, and collaborate with their peers and renowned faculty. Furthermore, Cave Canem Foundation Inc offers awards, such as the CC Poetry Prize, which provides a significant monetary supplement and opens doors to the publishing sector for emerging black poets. Additionally, the organization participates in conferences and events, like AWP and the Dodge Poetry Festival, and provides grants and residencies to support the growth of African American poets.
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Impact
October, 2024
Cave Canem Foundation Inc significantly impacts the literary landscape by nurturing the artistic and professional growth of African American poets. Through its flagship writing retreat at the University of Pittsburgh, it provides a week-long immersive experience where Black poets can hone their craft alongside accomplished faculty and collaborate with peers. This environment fosters a strong sense of community and encourages the exploration of diverse poetic voices.
Additionally, the foundation’s awards, particularly the prestigious Cave Canem Poetry Prize, serve as vital platforms for emerging poets, helping them gain recognition and access to the publishing industry. The prize, awarded to debut collection authors, includes a monetary supplement, further supporting their artistic endeavors.
Cave Canem also broadens the reach of African American poetry by facilitating participation in key literary conferences such as AWP and the Dodge Poetry Festival, allowing poets to showcase their work and connect with a wider audience. Its various programs—including grants, re-granting initiatives, and residencies—enhance opportunities for Black poets, ensuring their representation and voices are celebrated within the broader cultural narrative. Through these efforts, Cave Canem plays a crucial role in elevating African American poetry and enriching the literary tapestry of the arts.
This information is meant to be a general summary of Cave Canem 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 2022.
- Investment Income: $76
- Program Service Revenue: $5,537
- Gross Receipts: $1,828,809
Assets and Liabilities:
- Total Assets: $1,340,180
- Total Liabilities: $112,392
- Net Assets: $1,227,788
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$5,537
Organization Details
Founding Year
1997
Phone
(718) 858-0000Principal Officer
Hao Wang
Main Address
20 JAY STREET, BROOKLYN, NY, 112018301
Website
www.cavecanempoets.orgNTEE Category
Code: B99Z - Education
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