Overview
What is Artsquest Foundation?
The Artsquest Foundation, headquartered at 25 W THIRD STREET 300, Bethlehem, PA 18015, is a nonprofit organization primarily focused on raising and managing funds for Artsquest. Their mission is to provide long-term financial support for Artsquest, ensuring the continuity of their programs. By collecting and managing donations, the Foundation contributes to Artsquest's activities, ultimately working towards the betterment and growth of the arts community in the area. With a small team of one dedicated individual, the Foundation plays a vital role in sustaining Artsquest's initiatives.
Official website here: www.artsquest.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 47%, Zero-Star out of Four Star rating.
The Artsquest Foundation has received a low overall score of 47%, which reflects significant concerns surrounding its accountability and financial practices. While it possesses a strong Culture & Community Score of 87%, the Accountability & Finance Score is markedly lower at 43, indicating potential issues with transparency and financial management. Notably, the foundation has a 100% independent board and no material diversion of assets, showcasing some strengths in governance.
Despite these positive aspects, the foundation lacks essential policies such as a whistleblower policy and document retention guidelines, which are critical for operational integrity. Additionally, there are concerns about its financial ratios, including a program expense ratio of only 41.03%, signaling that a smaller portion of its budget is allocated to programs compared to administrative costs. These limitations suggest that while the foundation may have good intentions, it needs to improve its financial accountability and governance practices.
Overall, while Artsquest Foundation demonstrates strength in board independence and ethical governance, the shortcomings in financial transparency and program funding raise significant concerns for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Artsquest Foundation?
96% of 235 reviewers on Facebook recommend the Artsquest Foundation. Here is a summary of their reviews:
Many patrons appreciate the welcoming atmosphere and quality of the events hosted by the foundation. Reviewers commonly express their fondness for the venue, citing it as a pleasant and enjoyable space that contributes positively to the community. The sentiment reflects an overall satisfaction with the experiences offered, indicating that visitors feel that the foundation successfully fulfills its mission.
Overall, supporters convey a strong sense of happiness and support for the Artsquest Foundation, highlighting it as a valuable resource for arts and culture in the area.
This AI summary has been generated from reviews found on Facebook.
Is Artsquest Foundation legitimate?
Artsquest Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Artsquest 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: $112,708
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.artsquest.org
What is the mission statement of Artsquest Foundation?
The Artsquest Foundation's mission is centered around collecting and managing donations, with the primary goal of supporting Artsquest and its programs. They strive to develop a planned giving program to secure long-term financial support for Artsquest. The foundation is responsible for managing and investing the funds contributed to it, and subsequently, making donations to Artsquest to aid in the execution of its programs.
Official website here: www.artsquest.org
Who is the CEO of Artsquest Foundation?
Selena Lavonier is the Executive Director of Artsquest Foundation.
Official website here: www.artsquest.org
What is the revenue of Artsquest Foundation?
Artsquest Foundation's revenue in 2022 was $79,021.
Official website here: www.artsquest.org
Who are the executives of Artsquest Foundation and what are their salaries?
The average compensation at Artsquest Foundation during 2022 was $112,708. There is 1 employee at Artsquest Foundation.
Here are 10 key members and their salaries:
- Compensation: $100,860
- Related: $0
- Other: $11,848
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.artsquest.org
Where can I find the form 990 for Artsquest Foundation?
Artsquest Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.artsquest.org
Learn more at the official website: www.artsquest.org
Mission Statement of Artsquest Foundation
The Artsquest Foundation's mission is centered around collecting and managing donations, with the primary objective of supporting Artsquest and its programs. In essence, the foundation serves as a catalyst for securing long-term financial support for Artsquest by developing a planned giving program. The funds contributed to the foundation are then meticulously managed and invested, ensuring the organization's financial stability. The Artsquest Foundation demonstrates its commitment to its mission by making periodic donations to Artsquest, thereby directly contributing to the success of its programs.
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Impact
October, 2024
Artsquest Foundation plays a crucial role in enhancing the cultural landscape of Bethlehem, PA, by actively collecting and managing donations to support Artsquest and its diverse programs. Through strategic financial support, the foundation encourages long-term investment in the arts, ensuring a sustainable future for educational and community-oriented initiatives. By developing a planned giving program, it fosters community engagement and partnerships, allowing individuals to contribute meaningfully to the arts. The foundation's efforts directly facilitate a variety of artistic endeavors, enriching the local community’s access to creative experiences and promoting cultural vibrancy.
This information is meant to be a general summary of Artsquest 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 2022.
- Investment Income: -$19,970
- Gross Receipts: $2,125,245
Assets and Liabilities:
- Total Assets: $12,167,473
- Total Liabilities: $2,600,691
- Net Assets: $9,566,782
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Organization Details
Founding Year
2004
Phone
(610) 332-1300Principal Officer
Selena Lavonier
Main Address
25 W THIRD STREET 300, BETHLEHEM, PA, 18015
Website
www.artsquest.orgNTEE Category
Code: A11 - Arts
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