Overview
What is Children's Art Foundation Inc?
Children's Art Foundation Inc, based on the provided information, is a nonprofit organization primarily known for its role in publishing children's creative writing and artwork. This is achieved through their publication, Stone Soup magazine. The organization generates additional income by licensing its content to professional organizations. The mission of Children's Art Foundation Inc extends beyond just publishing, as they contribute to the development of children's artistic and literary skills, fostering creativity and expression in young minds.
Official website here: www.stonesoup.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68% (Two-Star out of Four Stars)
Children's Art Foundation Inc has received a Two-Star rating from Charity Navigator, reflecting a score of 68%. This rating indicates that while the organization demonstrates some solid financial practices, there are significant areas needing improvement, particularly in accountability and transparency. The organization has a strong independent board with 100% of its members being independent, which is a positive aspect of its governance.
Strengths of the organization include a high program expense ratio of 74.91%, suggesting that a substantial portion of its funds is directed towards programs rather than administrative costs. Additionally, the foundation has established strong policies regarding conflicts of interest and has demonstrated good practices in board meeting documentation. However, the rating highlights critical weaknesses, such as the absence of a whistleblower policy and document retention policies, as well as a concerning liabilities to assets ratio of 287.04%.
To enhance its standing, Children's Art Foundation Inc should focus on improving its transparency by making essential documents available on its website and addressing the noted governance gaps. Greater attention to these areas could lead to an improved rating in the future and bolster donor confidence in the organization’s operations.
This AI summary has been generated from information found on Charity Navigator.
Is Children's Art Foundation Inc legitimate?
Children's Art Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Children's Art 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: $39,550
Professional Fundraising Fees: $0
Other Salaries and Wages: $273
For more financial information, click here
Official website here: www.stonesoup.com
What is the mission statement of Children's Art Foundation Inc?
The Children's Art Foundation Inc. serves as a publisher, focusing on children's literature and artwork. Its primary medium for this purpose is Stone Soup magazine. In addition to generating income from publishing, the foundation also earns revenue by licensing its content to professional organizations. The organization's mission is to promote and showcase the creative talents of young writers and artists by providing a platform for their work.
Official website here: www.stonesoup.com
Who is the CEO of Children's Art Foundation Inc?
Emma Wood is the President of Children's Art Foundation Inc.
Official website here: www.stonesoup.com
What is the revenue of Children's Art Foundation Inc?
Children's Art Foundation Inc's revenue in 2022 was $185,573.
Official website here: www.stonesoup.com
Who are the executives of Children's Art Foundation Inc and what are their salaries?
The average compensation at Children's Art Foundation Inc during 2022 was $13,274. There are 3 employees and 5 volunteers at Children's Art Foundation Inc.
Here are 5 key members and their salaries:
- Compensation: $39,550
- 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
Official website here: www.stonesoup.com
Where can I find the form 990 for Children's Art Foundation Inc?
Children's Art Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stonesoup.com
Learn more at the official website: www.stonesoup.com
Mission Statement of Children's Art Foundation Inc
Children's Art Foundation Inc, as a nonprofit organization, is dedicated to promoting children's creativity and expression through the mediums of writing and art. They accomplish this mission by publishing a magazine known as Stone Soup, which showcases the literary and artistic talents of young individuals. Furthermore, the foundation generates additional revenue by licensing its content to professional organizations. This multi-faceted approach allows Children's Art Foundation Inc to share the creative works of children with a broader audience, fostering their growth and recognition in the artistic world.
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Impact
October, 2024
Children's Art Foundation Inc significantly impacts the creative development of children by publishing their writing and artwork through Stone Soup magazine. This platform not only showcases the artistic talents of young creators but also enhances their confidence and expression. By providing a space where children’s voices are celebrated and heard, Children’s Art Foundation Inc fosters a sense of community among young artists and writers. Additionally, the foundation generates additional revenue through licensing agreements with professional organizations, further supporting the publication's sustainability and outreach efforts. This model not only empowers children to engage with the arts but also inspires future generations to continue exploring their creativity.
This information is meant to be a general summary of Children's Art 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $130,973
- Gross Receipts: $189,490
Assets and Liabilities:
- Total Assets: $28,073
- Total Liabilities: $83,175
- Net Assets: -$55,102
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
READERSHIP SUBSCRIPTIONS
Revenue
$95,866
ART CLASSES
Revenue
$31,888
SUBMISSION FEE
Revenue
$3,219
Organization Details
Founding Year
1973
Phone
(831) 600-5969Principal Officer
Emma Wood
Main Address
2460 17TH AVENUE 1050, SANTA CRUZ, CA, 95062
Website
www.stonesoup.comNTEE Category
Code: A40 - Arts
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