Overview
What is Institute Of American Indian Arts Foundation?
The Institute of American Indian Arts Foundation is a nonprofit organization situated in Santa Fe, New Mexico, with a specific address at 83 AVAN NU PO ROAD. Its primary mission is to support the educational and charitable purposes of the Institute of American Indian and Alaska Native Culture and Arts Development, commonly known as the Institute of American Indian Arts. This nonprofit aims to advance the preservation and promotion of American Indian and Alaska Native cultures and arts. With a team of five dedicated individuals, the foundation plays a pivotal role in fostering these artistic and cultural endeavors.
What are the reviews and ratings of this charity?
Charity Navigator rating: 85%, Three-Star out of Four Star rating.
The Institute of American Indian Arts Foundation has achieved a solid Three-Star rating from Charity Navigator, reflecting strong accountability and financial management. The organization scored 85% overall, with a notable emphasis on its financial practices. Key indicators of its fiscal responsibility include a program expense ratio of 99.09% and a fundraising efficiency ratio of $0.00, demonstrating a commitment to direct program support over fundraising expenses.
The foundation showcases effective governance with an entirely independent board, comprised of 14 members, and adheres to best practices in oversight such as maintaining an Audit and Oversight Committee and documenting board meeting minutes. Additionally, there are no reported conflicts of interest or asset diversions, which adds to its credibility and reliability as a nonprofit organization.
However, while the foundation exhibits strong financial health, the working capital ratio of 0.34 years may indicate potential liquidity concerns, suggesting that the organization could benefit from increased reserves. Overall, the Institute of American Indian Arts Foundation stands out for its transparency and commitment to its mission, though it may need to address its working capital to enhance its operational stability.
This AI summary has been generated from information found on Charity Navigator.
Is Institute Of American Indian Arts Foundation legitimate?
Institute Of American Indian Arts Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute Of American Indian 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
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What is the mission statement of Institute Of American Indian Arts Foundation?
The Institute of American Indian Arts Foundation's mission is centered around supporting the educational and charitable purposes of the Institute of American and Alaska Native Culture and Arts Development, commonly known as the Institute of American Indian Arts. The foundation aims to contribute to this institution's objectives, promoting the preservation and advancement of Native American and Alaskan Native culture and arts. It provides essential support to facilitate the institution's educational and charitable activities.
Who is the CEO of Institute Of American Indian Arts Foundation?
Suzette Sherman is the Executive Director of Institute Of American Indian Arts Foundation.
What is the revenue of Institute Of American Indian Arts Foundation?
Institute Of American Indian Arts Foundation's revenue in 2022 was $4,615,471.
Who are the executives of Institute Of American Indian Arts Foundation and what are their salaries?
There are 5 employees and 25 volunteers at Institute Of American Indian Arts Foundation.
Here are 15 key members and their salaries:
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Where can I find the form 990 for Institute Of American Indian Arts Foundation?
Institute Of American Indian Arts Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Institute Of American Indian Arts Foundation
The Institute of American Indian Arts Foundation has a mission to contribute to the educational and charitable objectives of the Institute of American and Alaska Native Culture and Arts Development, commonly known as the Institute of American Indian Arts. This foundation aims to support the growth and development of this institution, which is dedicated to preserving and showcasing the rich cultural heritage of Native American and Alaska Native communities through arts and education. The ultimate goal is to foster a broader understanding and appreciation of these diverse cultures, thereby promoting cultural preservation and unity.
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Impact
October, 2024
The Institute Of American Indian Arts Foundation plays a vital role in supporting the educational and cultural aspirations of the Institute of American Indian Arts, fostering the development of American Indian and Alaska Native culture and arts. By providing resources and support, it enhances educational opportunities for students and helps preserve and promote Indigenous arts, ensuring that these vital cultural expressions flourish. The foundation's impact is felt not only within the Santa Fe community but also across a wider audience, cultivating appreciation and understanding of Native cultures through artistic expression. Its commitment to arts development strengthens the cultural identity of Native communities, empowering individuals through education and creative opportunities.
This information is meant to be a general summary of Institute Of American Indian 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: $610
- Gross Receipts: $4,739,559
Assets and Liabilities:
- Total Assets: $1,499,180
- Total Liabilities: $973,035
- Net Assets: $526,145
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Organization Details
Founding Year
2010
Principal Officer
Suzette Sherman
Main Address
83 AVAN NU PO ROAD, SANTA FE, NM, 87508
NTEE Category
Code: A23 - Arts
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