Overview
What is N1 Foundation?
The N1 Foundation, established in Brooklyn, New York, is a nonprofit organization dedicated to encouraging public engagement and appreciation for literature and visual arts. They achieve this mission by publishing newsletters, conducting lectures, and organizing symposia. With a modest workforce of 14 individuals, this organization actively promotes participation in these artistic realms, fostering a broader appreciation for both literary and visual arts within the community.
Official website here: www.nplusonemag.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star Rating
The N1 Foundation has achieved a solid rating of 88%, indicating a strong level of accountability and financial health. This score is calculated solely based on its accountability and finance metrics, reflecting the organization’s commitment to transparency and good governance. With a high percentage of independent board members at 92% and a comprehensive audit oversight committee scoring full points, the foundation demonstrates effective leadership and oversight.
The financial aspects of the N1 Foundation are notable, particularly a program expense ratio of 81.75%, which suggests that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, the organization has been recognized for having no material diversion of assets, indicating a responsible approach to resource management. However, the absence of a whistleblower policy and document retention policies are areas for improvement that could enhance its governance framework.
While the foundation has strengths in various accountability measures, the lack of transparency in making certain documents, like tax forms, available on its website could be a limitation for potential donors seeking more detailed information. Overall, the N1 Foundation maintains a strong performance in financial accountability, but addressing the noted deficiencies could further bolster its standing and trust with the public.
This AI summary has been generated from information found on Charity Navigator.
Is N1 Foundation legitimate?
N1 Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. N1 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: $36,037
Professional Fundraising Fees: $0
Other Salaries and Wages: $348,518
For more financial information, click here
Official website here: www.nplusonemag.com
What is the mission statement of N1 Foundation?
The N1 Foundation's mission is centered around promoting and encouraging public engagement in the literary and visual arts. They achieve this by publishing newsletters, organizing lectures, and hosting symposiums. The primary objective of these activities is to foster a greater appreciation and participation in these arts forms among the wider public.
Official website here: www.nplusonemag.com
What is the revenue of N1 Foundation?
N1 Foundation's revenue in 2023 was $881,572.
Official website here: www.nplusonemag.com
Who are the executives of N1 Foundation and what are their salaries?
The average compensation at N1 Foundation during 2023 was $21,364. There are 18 employees and 18 volunteers at N1 Foundation.
Here are 16 key members and their salaries:
- Compensation: $55,027
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- Other: $10,000
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Official website here: www.nplusonemag.com
Where can I find the form 990 for N1 Foundation?
N1 Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nplusonemag.com
Learn more at the official website: www.nplusonemag.com
Mission Statement of N1 Foundation
The N1 Foundation is committed to encouraging and fostering public engagement in the literary and visual arts. They achieve this mission by publishing newsletters, organizing lectures, and hosting symposia. Through these activities, the foundation aims to stimulate interest and participation in these artistic domains, ultimately promoting a broader appreciation for them.
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Impact
October, 2024
N1 Foundation significantly enriches the cultural landscape by promoting and fostering public appreciation of the literary and visual arts. Through its engaging newsletters, informative lectures, and enlightening symposia, it facilitates a deeper understanding and connection to artistic endeavors. This initiative not only enhances individual participation but also cultivates a vibrant community of art enthusiasts in Brooklyn and beyond. By providing platforms for discussion and exploration, N1 Foundation empowers people to engage with diverse artistic expressions, ultimately contributing to a more informed and culturally rich society.
This information is meant to be a general summary of N1 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 2023.
- Program Service Revenue: $440,459
- Gross Receipts: $912,520
Assets and Liabilities:
- Total Assets: $549,507
- Total Liabilities: $118,275
- Net Assets: $431,232
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MAGAZINE SUBSCRIPTIONS
Revenue
$331,530
MAGAZINE SALES
Revenue
$76,097
MERCHANDISE AND OTHER SALES
Revenue
$22,767
ADVERTISING
Revenue
$10,065
Organization Details
Founding Year
2005
Principal Officer
Chad Harbach
Website
www.nplusonemag.comNTEE Category
Code: A33 - Arts
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