Overview
What is American Friends Of Covent Garden The Royal Ballet Inc?
American Friends of Covent Garden The Royal Ballet Inc is a nonprofit organization based in New York City, specifically at CO G SCOTT CLEMONS 140 BROADWAY, NY 10005. Their primary objective is to foster a connection between opera, ballet, and music in both the United States and the United Kingdom. They achieve this goal by providing financial support to the Royal Opera House in London, contributing over $47 million over the past ten years. Their contributions cover various aspects, including opera and ballet productions, general operating expenses, and administrative costs. The organization's mission is to raise awareness and offer assistance to the Royal Opera and the Royal Ballet in London, contributing to their visibility and success.
Official website here: www.afocg.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 87% (Three-Star out of Four Star rating)
American Friends of Covent Garden The Royal Ballet Inc has demonstrated strong accountability and financial management, which is reflected in its 87% overall score. The organization boasts a fully independent board and maintains robust financial oversight, with no reported material diversion of assets. The transparency in its operations is evident through its comprehensive conflict of interest and whistleblower policies, as well as accessible board meeting minutes.
However, despite its strengths in accountability, there are areas noted for improvement, particularly in fundraising efficiency, where it scored low. The low fundraising efficiency ratio indicates that the organization may face challenges in optimizing its fundraising efforts relative to its expenses. Additionally, while it maintains a reasonable liabilities-to-assets ratio, its working capital is relatively low, suggesting potential liquidity concerns.
Overall, while American Friends of Covent Garden The Royal Ballet Inc ranks well in accountability and transparency, it faces challenges in fundraising efficiency that could impact its long-term sustainability and capacity to support its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is American Friends Of Covent Garden The Royal Ballet Inc legitimate?
American Friends Of Covent Garden The Royal Ballet Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Friends Of Covent Garden The Royal Ballet 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: $103,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.afocg.org
What is the mission statement of American Friends Of Covent Garden The Royal Ballet Inc?
The mission of American Friends of Covent Garden The Royal Ballet Inc is centered around promoting opera, ballet, and music, fostering a connection between these art forms in the United States and the United Kingdom. The organization's primary goal is to increase the visibility and provide support for the renowned Royal Opera and Royal Ballet in London. Over the past decade, American Friends of Covent Garden The Royal Ballet Inc has provided substantial financial aid to the Royal Opera House in London, contributing to opera and ballet productions, as well as covering general operating and administrative expenses. Their total grants to the Royal Opera House over the last ten years amounted to over $47 million.
Official website here: www.afocg.org
Who is the CEO of American Friends Of Covent Garden The Royal Ballet Inc?
G Scott Clemons is the Exec. Dir./Secretary of American Friends Of Covent Garden The Royal Ballet Inc.
Official website here: www.afocg.org
What is the revenue of American Friends Of Covent Garden The Royal Ballet Inc?
American Friends Of Covent Garden The Royal Ballet Inc's revenue in 2022 was $2,013,244.
Official website here: www.afocg.org
Who are the executives of American Friends Of Covent Garden The Royal Ballet Inc and what are their salaries?
There 17 volunteers at American Friends Of Covent Garden The Royal Ballet Inc.
Here are 18 key members and their salaries:
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Official website here: www.afocg.org
Where can I find the form 990 for American Friends Of Covent Garden The Royal Ballet Inc?
American Friends Of Covent Garden The Royal Ballet Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.afocg.org
Learn more at the official website: www.afocg.org
Mission Statement of American Friends Of Covent Garden The Royal Ballet Inc
American Friends of Covent Garden The Royal Ballet Inc is an organization dedicated to promoting opera, ballet, and music, fostering a connection between the United States and the United Kingdom. Central to its mission is raising visibility and providing support for the prestigious Royal Opera and Royal Ballet in London. Over the past decade, the organization has demonstrated its commitment by offering substantial grants to the Royal Opera House in London. These grants have primarily been allocated towards opera and ballet productions, as well as general operating and administrative expenses. As of now, the total grants provided to the Royal Opera House over the last ten years amount to over $47 million. By financially supporting the Royal Opera House, American Friends of Covent Garden The Royal Ballet Inc plays a crucial role in preserving and promoting these art forms, bridging the cultural gap between the two nations.
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Impact
October, 2024
American Friends of Covent Garden The Royal Ballet Inc plays a crucial role in enhancing the cultural exchange between the U.S. and the U.K. by promoting opera, ballet, and music. Through significant financial support, it has provided over $47 million in grants to the Royal Opera House in London over the past decade, empowering the production of high-quality opera and ballet performances. This funding not only covers performance costs but also supports general operating and administrative expenses, thus ensuring the sustainability and growth of these art forms.
By raising visibility and providing support for the Royal Opera and the Royal Ballet, the organization fosters appreciation for these cultural institutions in the United States, which may lead to increased attendance, audience engagement, and collaboration opportunities. Ultimately, its efforts contribute to the preservation and advancement of the performing arts, ensuring that a rich artistic legacy endures while providing diverse cultural experiences to audiences on both sides of the Atlantic.
This information is meant to be a general summary of American Friends Of Covent Garden The Royal Ballet 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $280
- Gross Receipts: $2,142,434
Assets and Liabilities:
- Total Assets: $566,228
- Total Liabilities: $68,100
- Net Assets: $498,128
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Organization Details
Founding Year
1969
Phone
(212) 493-8379Principal Officer
G Scott Clemons
Main Address
CO G SCOTT CLEMONS 140 BROADWAY, NEW YORK, NY, 10005
Website
www.afocg.orgNTEE Category
Code: A630 - Arts
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