Overview
What is Americans For The Arts Foundation?
Americans For The Arts Foundation is a nonprofit organization situated in Washington, D.C., specifically at 1275 K Street NW 1200. Its primary role is to distribute funds from various established resources, such as the Johnson Fund, Lehr Fund, and Fergeson Fund, to support the charitable initiatives of Americans for the Arts, Inc. (AFTA). These funds are utilized to fund an annual artist fellowship, invest in professional development, and bolster rural programming efforts at AFTA, respectively. In essence, the Foundation's mission is to aid and strengthen AFTA's charitable activities by securing grants, contributions, bequests, and devises.
Official website here: www.artsusa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Americans For The Arts Foundation has received a solid Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 81% overall, with particularly high marks for its independent board composition and financial practices. Notably, the foundation has achieved a 93.19% program expense ratio, indicating a commitment to allocating the majority of its funds directly to its programs.
The foundation demonstrates a high level of governance, with 83% of its board members being independent. This independence, coupled with a robust conflict of interest policy, whistleblower policy, and effective document retention practices, suggests a strong framework for ethical oversight and transparency. The organization also shows no material diversion of assets, further enhancing its credibility.
While the overall performance is commendable, the rating indicates opportunities for improvement. The 81% rating, while respectable, implies there are areas within the organization's operations that could benefit from further enhancement to reach higher excellence standards. Nonetheless, the foundation's focus on arts and community engagement remains a significant strength, positioning it well within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Americans For The Arts Foundation legitimate?
Americans For The Arts Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Americans For The Arts 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.artsusa.org
What is the mission statement of Americans For The Arts Foundation?
The Americans For The Arts Foundation's mission is centered around supporting the charitable objectives of Americans for the Arts. This is achieved through various means, primarily by obtaining funds through grants, contributions, bequests, and devises. The foundation then distributes these funds to further the charitable activities of Americans for the Arts. Specifically, it provides grants from established funds for purposes such as an annual artist fellowship, professional development efforts, and rural programming initiatives at Americans for the Arts.
Official website here: www.artsusa.org
Who is the CEO of Americans For The Arts Foundation?
Nolen V Bivens is the President & Ceo of Americans For The Arts Foundation. The CEO's salary of Americans For The Arts Foundation is $0 and their total compensation is $562,698.
Official website here: www.artsusa.org
What is the revenue of Americans For The Arts Foundation?
Americans For The Arts Foundation's revenue in 2022 was $797,679.
Official website here: www.artsusa.org
Who are the executives of Americans For The Arts Foundation and what are their salaries?
There 6 volunteers at Americans For The Arts Foundation.
Here are 6 key members and their salaries (Americans For The Arts Foundation's CEO's salary is $0 and their total compensation is $562,698):
- Compensation: $0
- Related: $551,698
- Other: $11,000
- Compensation: $0
- 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.artsusa.org
Where can I find the form 990 for Americans For The Arts Foundation?
Americans For The Arts Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.artsusa.org
Learn more at the official website: www.artsusa.org
Mission Statement of Americans For The Arts Foundation
The Americans For The Arts Foundation, as a supporting entity, is dedicated to undertaking activities that align with the charitable objectives of Americans for the Arts, Inc. Their primary mission is to amass resources through various means such as grants, contributions, bequests, and devises, and subsequently utilize these funds to advance the charitable pursuits of their parent organization. Specifically, the foundation distributes grants from three established funds: the Johnson Fund, the Lehr Fund, and the Fergeson Fund. The funds are allocated towards specific initiatives at Americans for the Arts, including an annual artist fellowship, professional development efforts, and rural programming projects, respectively. By carrying out these tasks, the Americans For The Arts Foundation plays a pivotal role in fostering the growth and achievement of Americans for the Arts, Inc.'s charitable goals.
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Impact
October, 2024
Americans For The Arts Foundation significantly enhances the landscape for artists and arts organizations across the United States. By distributing grants from established funds, it supports key initiatives that foster artistic development and professional growth. The Foundation provides annual artist fellowships through the Johnson Fund, ensuring that emerging and established artists receive the financial support necessary to refine their craft.
Additionally, the Lehr Fund facilitates professional development efforts, empowering artists and arts organizations to advance their skills and expand their impact within communities. Through the Fergeson Fund, the Foundation focuses on rural programming, ensuring that arts access and engagement extend to underserved areas. This multifaceted approach not only supports individual artists but also strengthens the overall arts community, promoting creativity and cultural vitality across diverse populations. The initiatives spearheaded by Americans For The Arts Foundation play a crucial role in sustaining and enriching the arts, making a lasting impact on society.
This information is meant to be a general summary of Americans For The Arts 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: $797,679
- Gross Receipts: $797,679
Assets and Liabilities:
- Total Assets: $3,213,181
- Total Liabilities: $1,674
- Net Assets: $3,211,507
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Organization Details
Founding Year
2007
Phone
(202) 371-2830Principal Officer
Nolen V Bivens
Main Address
1275 K Street NW 1200, Washington, DC, 20005
Website
www.artsusa.orgNTEE Category
Code: A60 - Arts
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