Overview
What is Princess Grace Foundation - Usa?
Princess Grace Foundation-USA, based in New York City, is a national nonprofit organization committed to nurturing emerging talent in theater, dance, and film. The foundation achieves this by granting scholarships, apprenticeships, and fellowships to deserving individuals. The trustees, sharing Princess Grace's passion for the arts, believe in the importance of cultivating and training young artists to ensure sustained excellence in the field. Each year, they announce a select group of Princess Grace Awards for distinction in these areas. The foundation's reach extends nationwide, with 7 dedicated employees working tirelessly towards their mission. Additionally, a playwriting fellowship is available through a residency at New Dramatists in New York City.
Official website here: www.pgfusa.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 51%, One-Star out of Four Star rating.
The Princess Grace Foundation - USA has received a One-Star rating, indicating significant concerns regarding its financial performance. While the organization scores well in governance and ethical practices, such as having a majority independent board and strong conflict of interest policies, its overall accountability and finance score is low. This suggests that the foundation may struggle with financial efficiency and management.
Strengths of the foundation include an independent and well-structured board, which is essential for effective oversight. Additionally, the foundation demonstrates sound operational policies with no reported material diversions of assets. However, these strengths are overshadowed by weaknesses in financial metrics. The program expense ratio and fundraising efficiency raise red flags about the foundation's ability to effectively channel funds into its programs.
The foundation's liabilities to assets ratio and working capital ratio indicate potential financial instability, suggesting that the organization may not be effectively utilizing its resources. Overall, while there are commendable governance practices in place, the Princess Grace Foundation - USA faces challenges that may impact its long-term sustainability and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Princess Grace Foundation - Usa legitimate?
Princess Grace Foundation - Usa is a legitimate nonprofit organization registered as a 501(c)(3) entity. Princess Grace Foundation - Usa 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: $97,004
Professional Fundraising Fees: $0
Other Salaries and Wages: $362,248
For more financial information, click here
Official website here: www.pgfusa.org
What is the mission statement of Princess Grace Foundation - Usa?
The Princess Grace Foundation-USA, operating on a national scale, is committed to identifying and supporting emerging talent in the fields of theater, dance, and film. They achieve this by granting scholarships, apprenticeships, and fellowships to deserving individuals. The foundation's trustees share Princess Grace's dedication to the arts and believe in the importance of cultivating and training emerging talent to maintain excellence in the arts. Each year, they announce a select group of Princess Grace Awards for distinction in these areas. Students are eligible for scholarships, while emerging artists working in companies qualify for apprenticeships and fellowships. A playwriting fellowship is also available for individual artists through a residency at New Dramatists in New York City.
Official website here: www.pgfusa.org
Who is the CEO of Princess Grace Foundation - Usa?
Brisa Carleton is the Director of Princess Grace Foundation - Usa. The CEO's salary of Princess Grace Foundation - Usa is $254,000 and their total compensation is $256,721.
Official website here: www.pgfusa.org
What is the revenue of Princess Grace Foundation - Usa?
Princess Grace Foundation - Usa's revenue in 2022 was $2,052,994.
Official website here: www.pgfusa.org
Who are the executives of Princess Grace Foundation - Usa and what are their salaries?
The average compensation at Princess Grace Foundation - Usa during 2022 was $65,607. There are 7 employees and 28 volunteers at Princess Grace Foundation - Usa.
Here are 36 key members and their salaries (Princess Grace Foundation - Usa's CEO's salary is $254,000 and their total compensation is $256,721):
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Official website here: www.pgfusa.org
Where can I find the form 990 for Princess Grace Foundation - Usa?
Princess Grace Foundation - Usa's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pgfusa.org
Learn more at the official website: www.pgfusa.org
Mission Statement of Princess Grace Foundation - Usa
The Princess Grace Foundation-USA, operating on a national scale, is committed to identifying and aiding emerging talent in the fields of theater, dance, and film. The organization shares Princess Grace's dedication to supporting the arts and believes, as she did, that the cultivation and training of emerging talent are vital to sustaining excellence in these fields. Each year, the foundation announces a select group of Princess Grace Awards for Distinction in these areas. Students are eligible for scholarships, while emerging artists working in companies qualify for apprenticeships and fellowships. Furthermore, a playwriting fellowship is available for individual artists through a residency at New Dramatists in New York City. The foundation's trustees are devoted to assisting these budding talents, ensuring they have the necessary tools to excel in their respective artistic pursuits.
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Impact
October, 2024
The Princess Grace Foundation - USA significantly impacts the arts landscape by identifying and nurturing emerging talents in theater, dance, and film. Through scholarships, apprenticeships, and fellowships, the foundation empowers aspiring artists, allowing them to hone their skills and advance their careers. Each year, the foundation recognizes excellence with the prestigious Princess Grace Awards, which celebrate outstanding contributions in the performing arts.
By providing financial support and resources, the foundation plays a crucial role in cultivating the next generation of artists, ensuring sustained excellence and innovation in the arts. The availability of specialized fellowships, such as the playwriting residency at New Dramatists in New York City, showcases a commitment to developing diverse creative voices. Overall, the foundation's efforts contribute to a vibrant arts community and the continuation of artistic traditions.
This information is meant to be a general summary of Princess Grace Foundation - Usa. 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: $891,720
- Gross Receipts: $4,982,582
Assets and Liabilities:
- Total Assets: $23,842,233
- Total Liabilities: $1,055,048
- Net Assets: $22,787,185
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Organization Details
Founding Year
1982
Phone
(212) 317-1470Principal Officer
Brisa Carleton
Main Address
888-C 8TH AVE 318, NEW YORK, NY, 10019
Website
www.pgfusa.orgNTEE Category
Code: T90Z - Philanthropy
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