Overview
What is Visual Arts Foundation Inc?
Visual Arts Foundation Inc, situated in New York, New York, is a not-for-profit organization dedicated to promoting the arts. It achieves this mission by offering scholarships, grants, and awards to deserving students pursuing their studies in the field of art. This foundation's primary aim is to support emerging artists, foster an environment that values and seeks to understand the arts, and broaden audiences for their work. By doing so, Visual Arts Foundation Inc contributes to increasing visual literacy and appreciation for the artist's life. The organization is based at 209 East 23rd Street, New York, NY 10010.
Official website here: www.visualartsfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating. This rating reflects a strong commitment to Accountability & Finance, indicating that Visual Arts Foundation Inc operates with a sound financial structure. The organization has achieved full marks for an independent board and effective oversight, which are essential for maintaining transparency and good governance.
Despite its strengths, there are notable areas for improvement. The foundation has missing policies related to conflict of interest and whistleblower protections, as well as a lack of a document retention policy. These shortcomings may raise concerns about the organization's commitment to best practices in governance and accountability.
On the positive side, the foundation allocates a significant portion of its expenses to programs, with a program expense ratio of 73.30%, highlighting its focus on fulfilling its mission. However, the absence of posted financial documents on its website may limit access to critical information for potential donors and stakeholders. Overall, while the organization has a solid financial foundation, addressing its governance policies could enhance its credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Visual Arts Foundation Inc legitimate?
Visual Arts Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Visual Arts 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.visualartsfoundation.org
What is the mission statement of Visual Arts Foundation Inc?
The Visual Arts Foundation Inc, a not-for-profit organization, is committed to its mission of promoting the arts as both a personal vocation and a significant social force. The foundation supports emerging artists by providing them with scholarships, grants, and awards. It also works towards broadening audiences for art, fostering an environment that values and seeks to understand the arts, and increasing visual literacy and appreciation for the artist's life. The ultimate goal of the Visual Arts Foundation is to advance the arts and its impact on society.
Official website here: www.visualartsfoundation.org
Who is the CEO of Visual Arts Foundation Inc?
Jeffrey Nesin is the Director of Visual Arts Foundation Inc.
Official website here: www.visualartsfoundation.org
What is the revenue of Visual Arts Foundation Inc?
Visual Arts Foundation Inc's revenue in 2022 was $569,531.
Official website here: www.visualartsfoundation.org
Who are the executives of Visual Arts Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.visualartsfoundation.org
Where can I find the form 990 for Visual Arts Foundation Inc?
Visual Arts Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.visualartsfoundation.org
Learn more at the official website: www.visualartsfoundation.org
Mission Statement of Visual Arts Foundation Inc
The Visual Arts Foundation Inc, a not-for-profit organization, is committed to advancing the arts as both a personal vocation and a powerful social force. Its mission is twofold: firstly, it supports emerging artists by providing them with scholarships, grants, and awards. This financial aid aids students in pursuing their studies in the field of art. Secondly, the foundation strives to broaden audiences for these artists' work. It does this by fostering an environment that values and seeks to understand the arts.
Furthermore, the Visual Arts Foundation Inc is dedicated to increasing visual literacy and appreciation for "the artist's life." This means that it not only supports the technical skills of artists but also encourages an appreciation for the personal and creative journeys of these artists. By doing so, the foundation aims to foster a climate that values and seeks understanding of the arts, ultimately enriching our collective cultural landscape.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Visual Arts Foundation Inc has a significant impact on the arts community and aspiring artists in New York. The organization provides scholarships, grants, and awards for deserving students studying art, allowing them to pursue their passion and education in the field. By supporting emerging artists and broadening audiences for their work, Visual Arts Foundation Inc fosters a climate that values and seeks understanding of the arts. This not only contributes to the development of individual vocations in the arts but also serves as a social force by increasing visual literacy and appreciation for "the artist's life."
This information is meant to be a general summary of Visual Arts 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: $260,496
- Program Service Revenue: $60,779
- Gross Receipts: $570,746
Assets and Liabilities:
- Total Assets: $4,236,571
- Total Liabilities: $21,500
- Net Assets: $4,215,071
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1968
Phone
(212) 592-2227Principal Officer
Jeffrey Nesin
Main Address
209 EAST 23RD ST, NEW YORK, NY, 10010
Website
www.visualartsfoundation.orgNTEE Category
Code: A900 - Arts
If you are a representative of Visual Arts Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.