Overview
What is Asase Yaa Cultural Arts Foundation?
The Asase Yaa Cultural Arts Foundation, located in Brooklyn, New York, is a dedicated nonprofit organization focused on enriching and educating the community about the significance of cultural performing arts. They offer a range of programs catering to both youth and adults, including conservatory-level dance training for the younger generation, school-based cultural arts instruction, and professional and open-level classes for adults. Their mission is to promote and celebrate these arts forms, fostering a deep appreciation and understanding among their community members.
Official website here: www.asaseyaaent.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Stars
Asase Yaa Cultural Arts Foundation currently holds a 54% rating from Charity Navigator, indicating significant room for improvement in its accountability and financial management. The organization has received a One-Star rating, primarily due to a lack of independent board members, with 0% of its board being independent. This raises concerns about governance and oversight, which are essential for ensuring transparency and effective decision-making.
On a positive note, the foundation has excelled in certain areas, such as financial statements, where it achieved a perfect score for its audit. Additionally, there have been no reported material diversions of assets, indicating a strong adherence to financial integrity. The program expenses are also commendable, with 76.38% of expenses allocated to programs, highlighting a commitment to its mission.
However, several important policies are missing, including a conflict of interest policy, a whistleblower policy, and document retention and destruction policies, which contribute to its low accountability score. Furthermore, the organization's high liabilities to assets ratio of 611.40% suggests potential financial risks that could impact its sustainability. Overall, while Asase Yaa Cultural Arts Foundation shows dedication to its programs, addressing governance and financial management issues will be crucial for improving its rating and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Asase Yaa Cultural Arts Foundation?
100% of 50 reviewers on Facebook recommend the Asase Yaa Cultural Arts Foundation. Here’s a summary of their insights:
The community impact of the Asase Yaa Cultural Arts Foundation is highly praised, with many expressing deep appreciation for its commitment to showcasing local talent, especially among children. Reviewers commonly share their emotional responses to the performances, indicating that each event is a memorable experience filled with inspiration and excitement.
Overall, the organization appears to consistently meet and even exceed expectations, leaving attendees eagerly anticipating their next event. The positive sentiments highlight a strong connection between the foundation and the community it serves, reinforcing its valued role in promoting cultural arts.
This AI summary has been generated from reviews found on Facebook.
Is Asase Yaa Cultural Arts Foundation legitimate?
Asase Yaa Cultural Arts Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Asase Yaa Cultural 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:
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For more financial information, click here
Official website here: www.asaseyaaent.org
What is the mission statement of Asase Yaa Cultural Arts Foundation?
The Asase Yaa Cultural Arts Foundation is committed to enriching, educating, and promoting the significance of cultural performing arts to both youth and adults within their community. Their mission is to fulfill this dedication by providing quality educational opportunities. This encompasses conservatory-level dance training for young individuals, school-based cultural arts instruction, and professional and open-level adult classes, all aimed at fostering an appreciation for cultural arts.
Official website here: www.asaseyaaent.org
Who is the CEO of Asase Yaa Cultural Arts Foundation?
Kwesi Nkroma is the Treasurer of Asase Yaa Cultural Arts Foundation.
Official website here: www.asaseyaaent.org
What is the revenue of Asase Yaa Cultural Arts Foundation?
Asase Yaa Cultural Arts Foundation's revenue in 2022 was $604,258.
Official website here: www.asaseyaaent.org
Who are the executives of Asase Yaa Cultural Arts Foundation and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.asaseyaaent.org
Where can I find the form 990 for Asase Yaa Cultural Arts Foundation?
Asase Yaa Cultural Arts Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.asaseyaaent.org
Learn more at the official website: www.asaseyaaent.org
Mission Statement of Asase Yaa Cultural Arts Foundation
Asase Yaa Cultural Arts Foundation is committed to enriching, educating, and promoting the significance of cultural performing arts for both youth and adults within the community. The organization's mission is to fulfill its core tenets by providing quality cultural arts education. This is achieved through various programs, including conservatory-level dance training for young individuals, school-based cultural arts instruction, and professional and open-level adult classes. The Asase Yaa School of the Arts serves as a vital platform for these initiatives, nurturing the artistic talents of the community members. By offering a comprehensive range of cultural arts education, Asase Yaa Cultural Arts Foundation seeks to promote and preserve the importance of these arts within the community.
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Impact
July, 2024
Asase Yaa Cultural Arts Foundation's impact is deeply rooted in enriching, educating, and promoting the importance of cultural performing arts to youth and adults in Brooklyn, NY. Through the Asase Yaa School of the Arts, the foundation provides quality cultural arts education to individuals of all ages. This includes conservatory-level dance training for youth, school-based cultural arts instruction, and professional and open-level adult classes. By offering a diverse range of cultural arts programs, Asase Yaa empowers individuals to connect with their heritage, develop their artistic talents, and contribute to the vibrant cultural landscape of their community.
This information is meant to be a general summary of Asase Yaa Cultural 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.
- Program Service Revenue: $546,078
- Gross Receipts: $604,258
Assets and Liabilities:
- Total Assets: $15,718
- Total Liabilities: $96,100
- Net Assets: -$80,382
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CULTURAL ARTS CLASSES A
Revenue
$546,078
Organization Details
Founding Year
2010
Principal Officer
Kwesi Nkroma
Main Address
160 PARKSIDE AVENUE SUITE 12C, BROOKLYN, NY, 11226
Website
www.asaseyaaent.orgNTEE Category
Code: B99 - Education
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