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Nars Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 205292405 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

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Overview

What is Nars Foundation Inc?

Nars Foundation Inc, located in Brooklyn, New York, is a nonprofit organization dedicated to nurturing and supporting emerging and mid-career artists. They offer affordable, long-term studio spaces designed to foster a multicultural environment and encourage dynamic cross-pollination of ideas. The foundation provides a platform for creating and showcasing contemporary artworks, with opportunities for professional development through international artist residencies, artists' salons, and exhibition programs. They also engage with the local community in Brooklyn and the Greater New York Area, offering a range of creative support services and professional development opportunities. With a team of three dedicated individuals, Nars Foundation Inc plays a significant role in the international art scene and the local community.


Official website here: www.narsfoundation.org

Is Nars Foundation Inc legitimate?

Nars Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nars 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: $112,389

For more financial information, click here


Official website here: www.narsfoundation.org

What is the mission statement of Nars Foundation Inc?

Nars Foundation Inc's mission is centered around supporting artists and curators on an international level while engaging with the local community in Brooklyn and the greater New York area. They provide a variety of creative support services and professional development opportunities for emerging and mid-career artists. The foundation's studio program offers affordable, long-term workspaces designed to foster multicultural dialogue and dynamic cross-pollination of ideas among artists. Through its international artists' residency program, artists' salons, and exhibition programs, Nars Foundation supports emerging and underrepresented artists from around the world. Additionally, they organize short-term integrated residency programs, progressive exhibition programs, international exchanges, and public programs that promote global understanding and dynamic cross-cultural dialogues.


Official website here: www.narsfoundation.org

Who is the CEO of Nars Foundation Inc?

Junho Lee is the Founding Director of Nars Foundation Inc.


Official website here: www.narsfoundation.org

What is the revenue of Nars Foundation Inc?

Nars Foundation Inc's revenue in 2022 was $286,043.


Official website here: www.narsfoundation.org

Who are the executives of Nars Foundation Inc and what are their salaries?

The average compensation at Nars Foundation Inc during 2022 was $37,463. There are 3 employees at Nars Foundation Inc.


Here are 7 key members and their salaries:


Junho Lee (Founding Director)
  • Compensation: $36,000
  • Related: $0
  • Other: $0
Ed Rubin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chonghun Daniel Song (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Arnold (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sylvia Soyeon Kim (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicholas Touron (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hyewon Yi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.narsfoundation.org

Where can I find the form 990 for Nars Foundation Inc?

Nars Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.narsfoundation.org

Learn more at the official website: www.narsfoundation.org

Mission Statement of Nars Foundation Inc

Nars Foundation Inc, a non-profit organization, is dedicated to supporting artists and curators on an international level while engaging with the local community in Brooklyn and the greater New York area. The foundation provides a variety of creative support services and professional development opportunities for emerging and mid-career artists. Their mission is realized through several initiatives.

One of their primary programs is the Studio Program, which offers affordable, long-term workspaces for emerging and mid-career artists. These workspaces are designed to foster a multicultural dialogue and dynamic cross-pollination of ideas among the artists within the program and the professional artist community at large. The Studio Program serves as a platform for developing, creating, and sharing cutting-edge contemporary artworks in a supportive and stable community.

In addition to the Studio Program, Nars Foundation Inc also offers professional development programs for emerging and underrepresented artists from around the world. This is achieved through their International Artists Residency Program, Artists Salons, and Exhibition Programs. Various artists participate in short-term integrated residency programs, affordable long-term studio spaces, progressive exhibition programs, international exchanges, and engaging public programs that foster global understanding and dynamic cross-cultural dialogues. By providing these opportunities, Nars Foundation Inc aims to support and empower artists on an international level while engaging with the local community in Brooklyn and the greater New York area.

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Impact




October, 2024

Nars Foundation Inc significantly impacts the art community both locally in Brooklyn and on an international scale. By supporting emerging and mid-career artists and curators, NARS fosters a vibrant artistic ecosystem that encourages creative expression and collaboration. Its studio program offers affordable, long-term workspaces tailored to cultivate multicultural dialogue and the cross-pollination of ideas, creating a harmonious environment for artistic development.

Through various initiatives such as international artists residencies, artists salons, and progressive exhibition programs, NARS provides essential professional development opportunities. These programs are designed to uplift underrepresented voices in the arts, facilitating global understanding and dynamic cross-cultural dialogues. NARS engages the local community with public programs that bridge the gap between artists and the audience, enriching the cultural landscape of Brooklyn and the greater New York area.

By prioritizing a supportive and stable environment for artistic creation, Nars Foundation Inc plays a crucial role in shaping contemporary art practices and nurturing the next generation of artists, thereby leaving a lasting impact on the artistic community and society at large.




This information is meant to be a general summary of Nars 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.

Revenue
$286,043 (2022)
Expenses
$278,094 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $503
  • Program Service Revenue: $120,177
  • Gross Receipts: $286,043

Assets and Liabilities:

  • Total Assets: $65,078
  • Total Liabilities: $21,181
  • Net Assets: $43,897

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM SERVICE

Revenue

$120,177

Organization Details

Founding Year

2006

Principal Officer

Junho Lee

Main Address

201 46TH ST STE 4FL, Brooklyn, NY, 11220

NTEE Category

Code: A20 - Arts

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