Overview
What is Shaw Festival Foundation?
The Shaw Festival Foundation, based in Buffalo, New York, serves as a nonprofit organization that primarily focuses on providing financial support to cultural organizations and other charitable entities. Located at 491 Delaware Avenue, this foundation contributes to the Shaw Festival Theatre Foundation, specifically aiding in patron development and endowment. With a small team of one dedicated individual, the Shaw Festival Foundation plays a significant role in fostering cultural growth and development in Niagara-on-the-Lake, Ontario, Canada.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star Rating)
The Shaw Festival Foundation has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 92%, the foundation demonstrates a high level of financial health, emphasizing transparency and responsible management of resources. This rating is based exclusively on accountability and finance metrics, which suggest a solid commitment to best practices in governance.
One of the significant strengths of the organization is its fully independent board, consisting of 10 out of 10 appointed members, ensuring unbiased decision-making. Additionally, the foundation excels in financial oversight, with robust audit and committee structures in place, confirming that there are no material diversions of assets. The organization also adheres to a conflict of interest policy and maintains comprehensive documentation of board activities.
Despite these strengths, the ratings do not provide insight into programmatic effectiveness or community impact, which are important factors in evaluating a nonprofit's overall performance. However, the financial ratios concerning program expenses and fundraising efficiency indicate that a large portion of funds is directed towards its mission, further reflecting the organization's dedication to its purpose.
This AI summary has been generated from information found on Charity Navigator.
Is Shaw Festival Foundation legitimate?
Shaw Festival Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shaw Festival 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $101,000
For more financial information, click here
What is the mission statement of Shaw Festival Foundation?
The Shaw Festival Foundation's mission is centered around providing financial aid to various cultural organizations and charitable entities. In simple terms, the foundation serves as a financial supporter to these entities, fostering their growth and continuity. A notable example of their support is their grant to the Shaw Festival Theatre Foundation, specifically for patron development and endowment. This financial backing allows these organizations to flourish and carry out their respective missions, contributing to the richness and diversity of cultural activities.
Who is the CEO of Shaw Festival Foundation?
Kenneth Friedman is the President of Shaw Festival Foundation.
What is the revenue of Shaw Festival Foundation?
Shaw Festival Foundation's revenue in 2022 was $2,052,299.
Who are the executives of Shaw Festival Foundation and what are their salaries?
The average compensation at Shaw Festival Foundation during 2022 was $101,000. There is 1 employee and 5 volunteers at Shaw Festival Foundation.
Here are 5 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
Where can I find the form 990 for Shaw Festival Foundation?
Shaw Festival Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Shaw Festival Foundation
The Shaw Festival Foundation, as a nonprofit entity, is committed to providing financial aid to various cultural organizations and charitable entities. This mission is centered around offering financial support, thereby contributing to the growth and sustainability of these entities. The Foundation's activities are geared towards fostering a thriving cultural landscape, ensuring that a wide array of organizations can continue their vital work. One of their notable recipients is the Shaw Festival Theatre Foundation, which has benefited from their patron development and endowment grants. This support allows these cultural organizations to continue their artistic pursuits and positively impact their respective communities.
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Impact
October, 2024
The Shaw Festival Foundation significantly enhances the cultural landscape by providing vital financial support to various cultural organizations, particularly the Shaw Festival Theatre Foundation. This financial backing is crucial for promoting patron development and establishing an endowment that ensures the sustainability of the arts in Niagara-on-the-Lake, Ontario. By facilitating access to a rich array of performances, the Foundation helps to foster community engagement and enrich the local economy. Its commitment to philanthropy plays a pivotal role in preserving and promoting the arts, benefiting both the local community and the broader cultural ecosystem.
This information is meant to be a general summary of Shaw Festival 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.
- Gross Receipts: $2,052,299
Assets and Liabilities:
- Total Assets: $1,314,891
- Total Liabilities: $585,951
- Net Assets: $728,940
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Organization Details
Founding Year
1987
Phone
(716) 854-1930Principal Officer
Kenneth Friedman
Main Address
491 DELAWARE AVENUE, BUFFALO, NY, 14202
NTEE Category
Code: T90Z - Philanthropy
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