Overview
What is Arts For Art Inc?
Arts for Art Inc, located at 107 Suffolk Street, New York, NY 10002, is a nonprofit organization with a focus on celebrating and showcasing the talents of artists, particularly those rooted in the African-American multi-arts jazz culture. Their primary mission is to utilize improvisation as a means to promote a broader vision of inclusivity and freedom. The organization gained public attention through the hosting of events such as The Vision Festival, where tickets, merchandise, and concessions were sold. With a dedicated workforce of five individuals, Arts for Art Inc continues to advocate for and celebrate the exceptional creativity that arises from this cultural background.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70%, earning a Two-Star out of Four Star rating. The rating reflects the organization's strong accountability and finance practices, scoring a perfect 100% in this category. This includes having a fully independent board and robust audit and oversight measures, indicating a commitment to transparency and governance.
However, the organization has notable limitations. While the financial health indicators are solid, with a low liabilities to assets ratio and a program expense ratio of 57.21%, the absence of key policies such as a whistleblower policy and document retention practices raises concerns about operational integrity. These shortcomings may impact stakeholder confidence and the overall effectiveness of governance.
Despite these challenges, Arts For Art Inc demonstrates a strong framework in terms of board independence and financial oversight, which are critical for nonprofit sustainability. Addressing the missing policies could enhance their transparency and accountability, potentially improving their rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Arts For Art Inc legitimate?
Arts For Art Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arts For Art 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: $157,985
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Arts For Art Inc?
Arts for Art Inc is committed to celebrating the exceptional creativity that emerged from the African-American multi-arts jazz culture. Utilizing improvisation as a medium, the organization aims to express a broader vision of inclusivity and freedom. Through their efforts, Arts for Art Inc seeks to foster a more positive and inclusive society.
The organization's primary activity is the annual Vision Festival, which showcases the talents of various artists to the public. This event serves as a platform to showcase the creative potential of the jazz culture, promoting a message of unity and freedom.
Tickets, merchandise, and concessions are sold during the festival, generating revenue to support Arts for Art Inc's mission. While the primary focus is on the African-American multi-arts jazz culture, the organization's message of inclusivity and freedom resonates beyond this specific community.
In summary, Arts for Art Inc is a non-profit organization dedicated to promoting the exceptional creativity that originated in the African-American multi-arts jazz culture. Through the medium of improvisation and events like the Vision Festival, the organization seeks to express a larger, more positive dream of inclusion and freedom.
Who is the CEO of Arts For Art Inc?
Todd Nicholson is the Member of Arts For Art Inc.
What is the revenue of Arts For Art Inc?
Arts For Art Inc's revenue in 2022 was $673,875.
Who are the executives of Arts For Art Inc and what are their salaries?
The average compensation at Arts For Art Inc during 2022 was $31,597. There are 5 employees and 25 volunteers at Arts For Art Inc.
Here are 10 key members and their salaries:
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- Compensation: $51,650
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- Other: $1,789
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- Compensation: $53,000
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- Other: $1,033
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Where can I find the form 990 for Arts For Art Inc?
Arts For Art Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Arts For Art Inc
Arts for Art Inc is committed to celebrating and promoting the extraordinary creativity that emerged from the African-American multi-arts jazz culture. Their mission is to utilize improvisation as a means to express a broader, more optimistic vision of inclusivity and freedom. Through their efforts, Arts for Art Inc aims to uplift and highlight the talent of various artists, providing them with a platform to showcase their skills to the public. This is achieved through events such as the Vision Festival, where tickets, merchandise, and concessions are sold, allowing the organization to generate revenue while promoting the arts.
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Impact
July, 2024
Arts For Art Inc's impact lies in its dedication to the exceptional creativity rooted in the African-American multi-arts jazz culture. By utilizing improvisation as a means of expression, the organization fosters a larger dream of inclusion and freedom. Through events like the Vision Festival held in New York, Arts For Art showcases the talent of various artists to the public, generating revenue through ticket sales, merchandise, and concessions. This impactful work embodies the organization's mission to celebrate and promote the rich cultural heritage of jazz and its influence on artistic expression.
This information is meant to be a general summary of Arts For Art 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: $71
- Program Service Revenue: $120,651
- Gross Receipts: $673,875
Assets and Liabilities:
- Total Assets: $184,675
- Total Liabilities: $0
- Net Assets: $184,675
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program admissions
Revenue
$79,979
Merch & Con sales
Revenue
$9,141
Advertisements
Revenue
$3,425
Recording income
Revenue
$200
Regrant income
Revenue
$27,906
Organization Details
Founding Year
1997
Phone
(212) 254-5420Principal Officer
Todd Nicholson
Main Address
107 Suffolk Street, New York, NY, 10002
NTEE Category
Code: A99Z - Arts
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