Overview
What is Demuth Foundation?
The Demuth Foundation, located in Lancaster, Pennsylvania, is a dedicated nonprofit organization with a focus on promoting the appreciation and awareness of visual arts. Established with the legacy of renowned artist Charles Demuth, the foundation preserves and celebrates Demuth's groundbreaking art while supporting local and regional artists. Through innovative exhibitions and engaging educational programs, it aims to inspire a new generation of art enthusiasts. The foundation's workforce consists of 14 individuals, contributing to its mission to foster a vibrant art scene in Lancaster.
Official website here: www.demuth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%
The Demuth Foundation has received a Three-Star out of Four Star rating from Charity Navigator, reflecting a focus on accountability and finance. The overall score of 81% indicates that the organization operates with a high level of transparency and financial responsibility, essential attributes for maintaining donor trust and effective stewardship of funds.
Strengths of the foundation include a fully independent board, which consists of 15 members, and a variety of strong financial practices. The organization also excelled in areas such as conflict of interest policies and documentation of board meeting minutes, contributing to its solid accountability score. Additionally, the foundation has no liabilities, showcasing sound financial health.
However, while the foundation scores well in accountability, its program expense ratio of 60.80% suggests that there is room for improvement in allocating a higher percentage of its expenditures directly to its programs. Overall, the Demuth Foundation demonstrates a commitment to financial accountability, but further investment in programmatic work could enhance its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Demuth Foundation legitimate?
Demuth Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Demuth 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: $74,453
Professional Fundraising Fees: $0
Other Salaries and Wages: $119,493
For more financial information, click here
Official website here: www.demuth.org
What is the mission statement of Demuth Foundation?
The Demuth Foundation's mission is centered around fostering appreciation and awareness of the visual arts. It achieved this by preserving the legacy of Charles Demuth and his groundbreaking art, supporting current local and regional artists, and inspiring a new generation. The foundation engages with a diverse range of audiences through innovative exhibitions, engaging educational programs, and pursuing collection activities. In essence, the Demuth Foundation aims to celebrate the visual arts, honor a renowned artist, and nurture future talent.
Official website here: www.demuth.org
Who is the CEO of Demuth Foundation?
Abigail Baer is the President of Demuth Foundation.
Official website here: www.demuth.org
What is the revenue of Demuth Foundation?
Demuth Foundation's revenue in 2022 was $492,193.
Official website here: www.demuth.org
Who are the executives of Demuth Foundation and what are their salaries?
The average compensation at Demuth Foundation during 2022 was $13,853. There are 14 employees and 21 volunteers at Demuth Foundation.
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Official website here: www.demuth.org
Where can I find the form 990 for Demuth Foundation?
Demuth Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.demuth.org
Learn more at the official website: www.demuth.org
Mission Statement of Demuth Foundation
The Demuth Foundation, named after the esteemed artist Charles Demuth, is committed to fostering an appreciation and awareness of the visual arts in various circles. Its mission is threefold: firstly, it aims to preserve and celebrate Demuth's groundbreaking art and legacy; secondly, it supports current local and regional artists, providing a platform for their work; and lastly, it seeks to inspire a new generation of artists. The foundation accomplishes this by engaging with a diverse range of audiences through innovative exhibitions, engaging educational programs, and pursuing collection activities. By doing so, the Demuth Foundation not only pays homage to the past but also contributes to the future of the visual arts, ensuring that the appreciation and understanding of this art form continues to grow and evolve.
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Impact
July, 2024
Demuth Foundation's impact lies in promoting the appreciation and awareness of the visual arts in Lancaster. By preserving the legacy of Charles Demuth and his groundbreaking art, supporting local and regional artists, and inspiring a new generation, the foundation engages with diverse audiences through innovative exhibitions, engaging educational programs, and collection activities. In doing so, the foundation contributes significantly to the cultural enrichment and artistic vibrancy of the Lancaster community.
This information is meant to be a general summary of Demuth 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: $26,103
- Program Service Revenue: $159,323
- Gross Receipts: $746,922
Assets and Liabilities:
- Total Assets: $4,085,988
- Total Liabilities: $0
- Net Assets: $4,085,988
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ARTWORK SALES
Revenue
$95,324
EVENTS AND EXHIBITIONS
Revenue
$63,924
ART AUCTION
Revenue
$75
Organization Details
Founding Year
1981
Phone
(717) 299-9940Principal Officer
Abigail Baer
Main Address
120 E KING ST, LANCASTER, PA, 17602
Website
www.demuth.orgNTEE Category
Code: A82Z - Arts
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