Overview
What is Adrienne Arsht Center Foundation Inc?
The Adrienne Arsht Center Foundation Inc, situated in Miami, Florida, primarily functions as a fundraising entity. Its primary mission is to support the Adrienne Arsht Center for the Performing Arts, a non-profit organization, by collecting private contributions and in-kind gifts. This financial backing helps the center present a wide array of high-quality performances and educational programs catering to South Florida's diverse community. The foundation's endeavors contribute to enriching the local cultural scene and providing enlightening experiences for its residents. The foundation's workforce comprises a small team of two dedicated individuals.
Official website here: www.arshtcenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
The Adrienne Arsht Center Foundation Inc has received an 87% rating from Charity Navigator, which reflects a strong emphasis on accountability and finance. This rating is significant as it indicates the foundation's commitment to transparency and efficient financial management, with a complete score in various categories such as independent board membership and the absence of material diversion of assets.
The foundation boasts a fully independent board with 15 members, which enhances its governance. It also adheres to best practices regarding conflict of interest and whistleblower policies, further contributing to its accountability. Additionally, an impressive program expense ratio of nearly 90% suggests that a substantial portion of its funds is directed towards its programs and services, indicating effective use of resources.
While the foundation exhibits strong financial health with a low liabilities to assets ratio and excellent fundraising efficiency, the single beacon score based on accountability and finance means that it may be beneficial for potential donors to seek additional information regarding its programmatic impact and community engagement to get a fuller picture of its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Adrienne Arsht Center Foundation Inc legitimate?
Adrienne Arsht Center Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Adrienne Arsht Center 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: $374,395
Professional Fundraising Fees: $0
Other Salaries and Wages: $187,385
For more financial information, click here
Official website here: www.arshtcenter.org
What is the mission statement of Adrienne Arsht Center Foundation Inc?
The Adrienne Arsht Center Foundation Inc's mission is to provide operational support for the Adrienne Arsht Center for the Performing Arts, a not-for-profit organization. This is accomplished by raising private contributions to facilitate the presentation of high-quality performances and educational programs, catering to South Florida's diverse community. By doing so, the foundation aims to enrich the local cultural scene and provide educational opportunities for a wide range of individuals. The foundation's efforts involve collecting both financial donations and in-kind gifts, which are then utilized to support the operations of the Adrienne Arsht Center Trust Inc.
Official website here: www.arshtcenter.org
Who is the CEO of Adrienne Arsht Center Foundation Inc?
Johann Zietsman is the Founding Chairman of Adrienne Arsht Center Foundation Inc. The CEO's salary of Adrienne Arsht Center Foundation Inc is $299,988 and their total compensation is $691,975.
Official website here: www.arshtcenter.org
What is the revenue of Adrienne Arsht Center Foundation Inc?
Adrienne Arsht Center Foundation Inc's revenue in 2022 was $3,280,047.
Official website here: www.arshtcenter.org
Who are the executives of Adrienne Arsht Center Foundation Inc and what are their salaries?
The average compensation at Adrienne Arsht Center Foundation Inc during 2022 was $280,890. There are 2 employees and 16 volunteers at Adrienne Arsht Center Foundation Inc.
Here are 18 key members and their salaries (Adrienne Arsht Center Foundation Inc's CEO's salary is $299,988 and their total compensation is $691,975):
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- Compensation: $299,988
- Related: $371,985
- Other: $20,002
- Compensation: $236,442
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- Other: $14,640
Official website here: www.arshtcenter.org
Where can I find the form 990 for Adrienne Arsht Center Foundation Inc?
Adrienne Arsht Center Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.arshtcenter.org
Learn more at the official website: www.arshtcenter.org
Mission Statement of Adrienne Arsht Center Foundation Inc
The Adrienne Arsht Center Foundation Inc plays a crucial role in supporting the Adrienne Arsht Center for the Performing Arts, a not-for-profit organization, by raising private contributions. This foundation's mission is to aid the center in presenting high-quality performances and educational programs that cater to South Florida's diverse community. By securing funds and in-kind gifts, the Adrienne Arsht Center Foundation Inc contributes significantly to the center's ability to engage and entertain its audience, fostering a vibrant cultural scene. The foundation's mission is instrumental in ensuring that the center continues to serve as a beacon for artistic expression and learning, enriching the lives of the community it serves.
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Impact
October, 2024
The Adrienne Arsht Center Foundation Inc plays a vital role in enhancing the cultural landscape of South Florida by providing essential operating support for the Adrienne Arsht Center for the Performing Arts. Through the raising of private contributions and in-kind gifts, the Foundation enables the Center to present high-quality performances that celebrate diverse artistic expressions and cater to a wide audience.
In addition to supporting performances, the Foundation contributes significantly to educational programs, fostering a richer understanding and appreciation of the arts within the community. This commitment not only enriches the cultural fabric of Miami but also creates opportunities for engagement, learning, and interaction among residents of varying backgrounds.
By facilitating access to the arts, the Adrienne Arsht Center Foundation Inc plays a transformative role in promoting creativity, inclusivity, and community cohesion, ultimately enhancing the quality of life for many in South Florida.
This information is meant to be a general summary of Adrienne Arsht Center 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.
- Investment Income: -$6,131
- Gross Receipts: $3,757,240
Assets and Liabilities:
- Total Assets: $7,244,433
- Total Liabilities: $319,224
- Net Assets: $6,925,209
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Organization Details
Founding Year
2008
Phone
(786) 468-2000Principal Officer
Johann Zietsman
Main Address
1300 BISCAYNE BLVD, MIAMI, FL, 33132
Website
www.arshtcenter.orgNTEE Category
Code: A116 - Arts
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