Overview
What is Funding Arts Broward Inc?
Funding Arts Broward Inc, situated in Fort Lauderdale, Florida, operates as a nonprofit organization with a mission to support, sustain, and enrich the arts within their community. They have demonstrated this commitment by granting funds to 36 local art organizations, ranging from $3,000 to $12,500, to facilitate performances and exhibitions in Broward County. With a modest workforce of just two individuals, Funding Arts Broward Inc plays a significant role in nurturing and fostering the local arts scene, contributing to the cultural vibrancy of the community.
Official website here: www.fundingartsbroward.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating from Charity Navigator.
Funding Arts Broward Inc has earned a solid Three-Star rating from Charity Navigator, reflecting an overall score of 88%. This rating indicates strong performance in accountability and finance, which makes up 90% of their total score. Notably, the organization has received high marks for its accountability practices, including a fully independent board, no material diversions of assets, and well-documented governance policies.
The nonprofit demonstrates robust financial health with an impressive program expense ratio of 83.36%, indicating that a significant portion of its funding goes directly to its programs. Additionally, its fundraising efficiency is highly favorable, with a minimal cost of $0.022 to raise each dollar. This suggests effective management of resources, allowing Funding Arts Broward to maximize its impact within the community.
On the leadership front, the organization has achieved a perfect score of 100, showcasing its commitment to strategic goals such as enhancing infrastructure and promoting arts education in schools. While the organization appears to be functioning effectively, ongoing transparency and accountability will be essential for maintaining public trust and support in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Funding Arts Broward Inc legitimate?
Funding Arts Broward Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Funding Arts Broward 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: $71,084
For more financial information, click here
Official website here: www.fundingartsbroward.org
What is the mission statement of Funding Arts Broward Inc?
Funding Arts Broward Inc plays a crucial role in enriching the local arts scene. Their mission, as stated, is to support, sustain, and enhance the arts within the community. They achieve this by awarding grants to various art organizations, with amounts ranging from $3,000 to $12,500, to fund performances and exhibitions. These grants help ensure a vibrant and diverse arts landscape in Broward County. By supporting these art organizations, Funding Arts Broward Inc contributes to the cultural growth and enrichment of the community.
Official website here: www.fundingartsbroward.org
Who is the CEO of Funding Arts Broward Inc?
Craig Wilson is the President of Funding Arts Broward Inc.
Official website here: www.fundingartsbroward.org
What is the revenue of Funding Arts Broward Inc?
Funding Arts Broward Inc's revenue in 2023 was $2,222,657.
Official website here: www.fundingartsbroward.org
Who are the executives of Funding Arts Broward Inc and what are their salaries?
The average compensation at Funding Arts Broward Inc during 2023 was $35,542. There are 2 employees and 85 volunteers at Funding Arts Broward Inc.
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Official website here: www.fundingartsbroward.org
Where can I find the form 990 for Funding Arts Broward Inc?
Funding Arts Broward Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fundingartsbroward.org
Learn more at the official website: www.fundingartsbroward.org
Mission Statement of Funding Arts Broward Inc
Funding Arts Broward Inc, as its name suggests, is committed to bolstering, preserving, and enhancing the arts within its community. This nonprofit organization is dedicated to providing financial support to various art organizations, enabling them to present captivating performances and exhibitions in Broward County. By granting funds ranging from $3,000 to $12,500, Funding Arts Broward Inc plays a significant role in nurturing and enriching the local arts scene, thereby contributing to a culturally vibrant community.
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Impact
October, 2024
Funding Arts Broward Inc significantly enriches the cultural landscape of Fort Lauderdale and the broader Broward County area by providing essential financial support to local art organizations. By awarding grants ranging from $3,000 to $12,500, the organization empowers 36 diverse art entities to enhance performances and exhibitions. This financial assistance not only enables the continuation of artistic endeavors but also fosters community engagement, cultural appreciation, and the overall vitality of the arts. The impact is evident in the vibrant artistic expressions that flourish in the community, making art more accessible and sustainable for both creators and audiences alike.
This information is meant to be a general summary of Funding Arts Broward 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: $20,736
- Program Service Revenue: $40,398
- Gross Receipts: $2,248,192
Assets and Liabilities:
- Total Assets: $2,322,013
- Total Liabilities: $539,950
- Net Assets: $1,782,063
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FAB PROGRAMS
Revenue
$40,398
Organization Details
Founding Year
2003
Phone
(954) 353-7673Principal Officer
Craig Wilson
Main Address
1350 E SUNRISE BLVD 110, FORT LAUDERDALE, FL, 33304
Website
www.fundingartsbroward.orgNTEE Category
Code: A26 - Arts
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