Overview
What is Friends Of The Arts Inc?
Friends of the Arts Inc is a nonprofit organization that is dedicated to fostering musical, theatrical, literary, and artistic engagement. By offering a variety of programs, this performing arts organization strives to give individuals the opportunity to participate in these creative fields. Their mission is centered around providing a platform for artistic expression and participation, enriching the community through these diverse mediums.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
Friends Of The Arts Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and finance management. The score is solely based on the Accountability & Finance category, where the organization achieved a score of 73%. This score reflects a strong commitment to financial transparency and ethical governance practices.
The organization demonstrates significant strengths, including a fully independent board consisting of three members, which ensures unbiased oversight. Additionally, Friends Of The Arts Inc has recorded no diversion of assets and maintains a favorable liabilities to assets ratio of 0.00%. A high program expense ratio of 90.02% indicates that a substantial portion of its funding is directed toward its programs rather than administrative costs.
However, while the accountability aspects are solid, the overall Two-Star rating suggests that improvements could be made to enhance its financial standing or operational effectiveness. Continued monitoring and fostering growth in other areas might help the organization achieve a higher rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Arts Inc legitimate?
Friends Of The Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Arts 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: $0
For more financial information, click here
What is the mission statement of Friends Of The Arts Inc?
Friends of the Arts Inc. is committed to providing musical, theatrical, literary, and art participation for individuals. Serving as a performing arts organization, they offer a variety of activities to fulfill this mission. Through their programs, they aim to encourage and facilitate participation in the arts, thereby fostering creativity and appreciation for various artistic expressions. The organization's activities span across multiple artistic disciplines, providing opportunities for individuals to engage with and contribute to the arts community.
Who is the CEO of Friends Of The Arts Inc?
Max Verkamp is the Vice-Pres / of Friends Of The Arts Inc.
What is the revenue of Friends Of The Arts Inc?
Friends Of The Arts Inc's revenue in 2022 was $73,431.
Who are the executives of Friends Of The Arts Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Friends Of The Arts Inc?
Friends Of The Arts Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of The Arts Inc
Friends of the Arts Inc is dedicated to providing an engaging platform for musical, theatrical, literary, and artistic participation. As a performing arts organization, its mission is to create a space where individuals can engage in various artistic activities. The organization strives to offer a diverse range of programs that encourage participation in the arts, thereby contributing to a culturally enriched society. Through its initiatives, Friends of the Arts Inc aims to foster creativity, promote artistic expression, and provide opportunities for personal growth and development.
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Impact
August, 2024
Friends Of The Arts Inc, based in Jasper, IN, has a significant impact on the community by providing opportunities for musical, theatrical, literary, and art participation. Through their various programs, this organization offers a diverse array of activities that aim to foster engagement with the arts. By fulfilling its mission to provide arts participation, Friends Of The Arts Inc enriches the cultural landscape of the community and nurtures creativity and expression among its members.
This information is meant to be a general summary of Friends Of The Arts 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: $10,650
- Gross Receipts: $73,431
Assets and Liabilities:
- Total Assets: $375,601
- Total Liabilities: $0
- Net Assets: $375,601
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Organization Details
Phone
(812) 482-5542Principal Officer
Max Verkamp
Main Address
P O BOX 864, JASPER, IN, 475470864
NTEE Category
Code: A60 - Arts
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