Overview
What is Faou Foundation?
The Faou Foundation is a nonprofit organization, headquartered in New York City, with a mission to establish harmonious, site-specific art installations worldwide. These installations aim to celebrate the natural beauty of their surroundings and foster a deeper appreciation for humanity's connection with the environment. By creating permanent works of art, the foundation seeks to preserve and revitalize the communities that host these installations, tailoring their efforts to each location's unique needs, landscape, and culture. The foundation currently has projects under development in various regions, including Africa, Australia, Europe, and North America. The organization's workforce is relatively small, with only one employee.
Official website here: www.faoufoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 65%)
The Faou Foundation has received a two-star rating from Charity Navigator, indicating a need for improvement in its overall accountability and finance practices. The rating is derived entirely from the Accountability & Finance category, where it scored 65%. It demonstrates solid governance practices, with a fully independent board and comprehensive policies in place, including conflict of interest and whistleblower policies.
Despite its strengths in board independence and policy transparency, the organization faces challenges, particularly in its financial metrics. The program expense ratio is low at 50.26%, which may raise concerns about the efficiency of fund allocation toward its core mission. Furthermore, while the liabilities to assets ratio stands at 59.95%, this could indicate potential financial stability issues that warrant further scrutiny.
Overall, while the Faou Foundation has established a strong governance framework, improvements in financial management and program expense allocation are necessary to enhance its effectiveness and overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Faou Foundation legitimate?
Faou Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Faou 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: $125,000
For more financial information, click here
Official website here: www.faoufoundation.org
What is the mission statement of Faou Foundation?
The Faou Foundation's mission is centered around creating a series of harmonious, site-specific art installations worldwide. These permanent installations aim to showcase the natural beauty of their surroundings, fostering a deeper understanding of humanity's connection with the environment. By preserving and revitalizing the communities that host these installations, these artistic works serve as lasting testimonies to their unique landscapes and cultures. The foundation also engages with local communities, tailoring revitalization and educational initiatives to meet their specific needs and cultural contexts.
Official website here: www.faoufoundation.org
Who is the CEO of Faou Foundation?
Mariko Mori is the President/ Director of Faou Foundation.
Official website here: www.faoufoundation.org
What is the revenue of Faou Foundation?
Faou Foundation's revenue in 2022 was $160,020.
Official website here: www.faoufoundation.org
Who are the executives of Faou Foundation and what are their salaries?
The average compensation at Faou Foundation during 2022 was $125,000. There is 1 employee at Faou Foundation.
Here are 5 key members and their salaries:
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- Other: $0
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Official website here: www.faoufoundation.org
Where can I find the form 990 for Faou Foundation?
Faou Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.faoufoundation.org
Learn more at the official website: www.faoufoundation.org
Mission Statement of Faou Foundation
The Faou Foundation is committed to creating a series of harmonious, site-specific art installations worldwide. Each installation serves as an enduring tribute to the natural beauty of its surroundings and aims to foster a deeper understanding of humanity's connection with the natural environment. These permanent works not only preserve and revitalize the communities that host them but also contribute to promoting a stronger bond between the foundation and the local communities. The Faou Foundation's mission is to engage in various revitalization and educational initiatives tailored to each community's unique needs, landscape, and culture.
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Impact
October, 2024
Faou Foundation's impact is profound and multifaceted, centered around the creation of site-specific art installations that celebrate the natural beauty of diverse environments. By embedding these permanent works within various communities across Africa, Australia, Europe, and North America, the foundation fosters a deeper understanding of the intricate relationship between humanity and the natural world.
These installations serve not only as artistic expressions but also as catalysts for community engagement. They encourage local populations to connect with their surroundings, promoting appreciation for both their cultural heritage and the environment. In addition, the foundation's commitment to revitalizing communities ensures that artistic endeavors are aligned with local needs, effectively addressing educational and developmental opportunities unique to each area.
Through these efforts, Faou Foundation contributes to the preservation of local landscapes and cultures, while also creating spaces for dialogue about environmental stewardship. The ongoing projects thus serve as lasting testimonies to the beauty of nature and the dynamic interaction between art and community, ensuring that these places are not only enhanced aesthetically but also socially and environmentally enriched.
This information is meant to be a general summary of Faou 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: $20
- Gross Receipts: $160,020
Assets and Liabilities:
- Total Assets: $178,396
- Total Liabilities: $107,674
- Net Assets: $70,722
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Organization Details
Founding Year
2010
Phone
(212) 966-3097Principal Officer
Mariko Mori
Main Address
GOLDGLIT CO 499 7TH AVE 14 SO, NEW YORK, NY, 10018
Website
www.faoufoundation.orgNTEE Category
Code: A20 - Arts
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