Overview
What is Romare Bearden Foundation Inc?
The Romare Bearden Foundation Inc, located in New York City, New York, is a dedicated nonprofit organization committed to preserving and promoting the artistic and intellectual legacy of renowned artist Romare Bearden. They achieve this by undertaking various initiatives, including cataloguing his works, engaging with collectors and galleries for research and materials, and conducting oral histories for their online digital catalogue project. The Foundation has established a partnership with the Wildenstein Plattner Institute in Woodstock, NY, and collaborates with auction houses and the Bearden Mural at BMCC to promote their catalogue project. Their mission is to foster public awareness and appreciation of the arts, contributing to the enduring impact of Romare Bearden's artistic contributions. The organization employs a small team of two individuals to carry out these objectives.
Official website here: www.beardenfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Romare Bearden Foundation Inc has achieved a Three-Star rating from Charity Navigator, reflecting an overall score based solely on its Accountability & Finance metrics. This score is indicative of a solid commitment to financial integrity, highlighted by a high percentage of independent board members and a lack of material diversion of assets, which suggests responsible governance and oversight.
Strengths of the organization include its strong program expense ratio of 68.48%, indicating that a significant portion of its funding is directed toward its mission-related programs. Additionally, the foundation maintains comprehensive policies for conflict of interest and adheres to best practices in board governance, with documented board meeting minutes reflecting transparency and accountability in operations.
However, the charity has notable limitations, particularly in its lack of a whistleblower policy and a document retention and destruction policy, which could pose risks to operational integrity and transparency. Addressing these gaps may enhance the foundation's accountability framework and improve its overall standing in future evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is Romare Bearden Foundation Inc legitimate?
Romare Bearden Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Romare Bearden 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $155,852
For more financial information, click here
Official website here: www.beardenfoundation.org
What is the mission statement of Romare Bearden Foundation Inc?
The Romare Bearden Foundation's mission is centered around preserving and promoting the artistic and intellectual legacy of Romare Bearden. It strives to increase public awareness and appreciation of the arts. The foundation undertakes various initiatives such as cataloguing Bearden's works, connecting with collectors and galleries for research and materials, and conducting oral histories for an online digital catalogue project. It collaborates with institutions like the Wildenstein Plattner Institute for research and has participated in releasing archive materials.
Official website here: www.beardenfoundation.org
Who is the CEO of Romare Bearden Foundation Inc?
Tallal I Elboushi is the Director of Romare Bearden Foundation Inc.
Official website here: www.beardenfoundation.org
What is the revenue of Romare Bearden Foundation Inc?
Romare Bearden Foundation Inc's revenue in 2022 was $493,006.
Official website here: www.beardenfoundation.org
Who are the executives of Romare Bearden Foundation Inc and what are their salaries?
The average compensation at Romare Bearden Foundation Inc during 2022 was $77,926. There are 2 employees at Romare Bearden Foundation Inc.
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Official website here: www.beardenfoundation.org
Where can I find the form 990 for Romare Bearden Foundation Inc?
Romare Bearden Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.beardenfoundation.org
Learn more at the official website: www.beardenfoundation.org
Mission Statement of Romare Bearden Foundation Inc
The Romare Bearden Foundation Inc, named after the renowned artist Romare Bearden, is committed to preserving and promoting his artistic and intellectual legacies. Its mission is twofold: firstly, it aims to foster public awareness and appreciation of the arts; secondly, it seeks to perpetuate Bearden's artistic and intellectual contributions to society. To achieve this, the foundation undertakes various initiatives. One such project is the Catalogue Raisonne, Phase Two, which involves photographing new works, collaborating with collectors and galleries for research and materials, and compiling oral histories for an online digital catalog. The foundation also partners with institutions like the Wildenstein Plattner Institute in Woodstock, NY, and auction houses, promoting its catalog project. Furthermore, the foundation's codirector participates in the oral history program and releases archive materials, contributing to the preservation and dissemination of Bearden's artistic legacy. Overall, the Romare Bearden Foundation Inc is dedicated to celebrating the life and work of Romare Bearden, inspiring a wider audience to appreciate and engage with the arts.
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Impact
July, 2024
The Romare Bearden Foundation Inc's impact lies in perpetuating Romare Bearden's artistic legacy and promoting public awareness and appreciation of the arts. Through their Catalogue Raisonne Project, which includes activities such as photographing new works, connecting with collectors and galleries for research and materials, and conducting oral histories for the online digital catalogue project, the foundation is actively preserving and disseminating Bearden's contributions to the art world. By partnering with institutions like the Wildenstein Plattner Institute, auction houses, and the Bearden Mural at BMCC, the foundation is furthering its mission to honor Bearden's intellectual and artistic legacy. Through these efforts, the Romare Bearden Foundation Inc is playing a crucial role in ensuring that Bearden's impact on the arts continues to inspire and educate audiences.
This information is meant to be a general summary of Romare Bearden 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: $252,576
- Gross Receipts: $825,506
Assets and Liabilities:
- Total Assets: $2,730,657
- Total Liabilities: $91,276
- Net Assets: $2,639,381
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Organization Details
Founding Year
2003
Principal Officer
Tallal I Elboushi
Main Address
2214 FREDERICK DOUGLASS BLVD 235, NEW YORK, NY, 10026
Website
www.beardenfoundation.orgNTEE Category
Code: A51 - Arts
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