Overview
What is Marwen Foundation Inc?
Marwen Foundation Inc, located in Chicago, Illinois, is a nonprofit organization that cultivates artistic potential in young individuals from underprivileged backgrounds and schools. Their primary mission is achieved through offering free visual arts programs, which include courses and workshops, enabling students to hone their artistic skills and explore various mediums, while fostering new interests and concepts. With a total of 25 employees, Marwen Foundation Inc is committed to empowering the next generation of artists from under-resourced communities.
Official website here: www.marwen.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Marwen Foundation Inc has achieved a remarkable 96% rating from Charity Navigator, indicating strong accountability and financial health. The rating reflects the charity's commitment to effective governance, with a fully independent board and exemplary oversight practices. Their financial transparency is underscored by a clean audit trail and adherence to best practices in conflict of interest and whistleblower policies.
One of the organization’s strengths lies in its efficient use of resources, with 70.29% of expenses directed towards programs. They maintain a low liability-to-assets ratio and demonstrate solid working capital management, with an impressive 6.02 years of working capital available. This indicates a sustainable financial foundation that supports their mission.
However, the organization has room for improvement in fundraising efficiency, with a ratio of $0.2918, suggesting that they could enhance their fundraising strategies to generate more revenue relative to expenses. Overall, the Marwen Foundation Inc exemplifies strong financial health and governance while continuing to address challenges in fundraising effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Marwen Foundation Inc?
90% of 249 reviewers on Facebook recommend Marwen Foundation Inc. Here’s a look at what people are sharing about their experiences:
Many individuals appreciate the opportunities the foundation provides for those with artistic talents. Users highlight the quality of support and the sense of community fostered within the organization. The inclusive atmosphere and commitment to nurturing creativity seem to leave a positive impression on participants and their families.
Overall, the sentiment towards Marwen Foundation is overwhelmingly positive, with many expressing gratitude for the resources and encouragement given to budding artists. The nonprofit appears to deliver effectively on its mission to empower individuals through the arts.
This AI summary has been generated from reviews found on Facebook.
Is Marwen Foundation Inc legitimate?
Marwen Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marwen 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: $1,224,952
For more financial information, click here
Official website here: www.marwen.org
What is the mission statement of Marwen Foundation Inc?
The Marwen Foundation Inc, in its mission, focuses on empowering young individuals from under-resourced communities and schools by providing them with free visual arts programs. This organization aims to inspire creativity and foster the development of artistic skills among its participants. Through various courses and workshops, Marwen encourages students to explore different media, uncover new interests, and broaden their perspectives.
Official website here: www.marwen.org
Who is the CEO of Marwen Foundation Inc?
Akilah A Halley is the Executive Director of Marwen Foundation Inc.
Official website here: www.marwen.org
What is the revenue of Marwen Foundation Inc?
Marwen Foundation Inc's revenue in 2021 was $2,262,448.
Official website here: www.marwen.org
Who are the executives of Marwen Foundation Inc and what are their salaries?
The average compensation at Marwen Foundation Inc during 2021 was $48,998. There are 25 employees at Marwen Foundation Inc.
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Official website here: www.marwen.org
Where can I find the form 990 for Marwen Foundation Inc?
Marwen Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.marwen.org
Learn more at the official website: www.marwen.org
Mission Statement of Marwen Foundation Inc
Marwen Foundation Inc, a non-profit organization, is dedicated to enlightening and motivating young individuals hailing from underprivileged communities and schools. They achieve this through providing free visual arts programs. The mission of Marwen Foundation Inc is to empower these young minds by offering them courses and workshops, allowing them to explore various artistic mediums, cultivate their skills, and uncover novel interests and concepts. By doing so, the foundation aims to inspire and uplift these young people, broadening their horizons and fostering personal growth.
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Impact
October, 2024
Marwen Foundation Inc significantly impacts young people from under-resourced communities and schools by providing free visual arts programs that educate and inspire. Through its Art Studio and Lab, Marwen empowers students to cultivate their artistic skills and experiment with various media. This creative environment allows participants to discover new interests, ideas, and forms of expression, fostering personal growth and confidence. The foundation nurtures talent and passion in youth, contributing to their overall development and future opportunities. By focusing on accessibility to the arts, Marwen plays a crucial role in bridging the opportunity gap and nurturing the next generation of artists and thinkers in Chicago.
This information is meant to be a general summary of Marwen 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 2021.
- Investment Income: $906,108
- Gross Receipts: $2,262,448
Assets and Liabilities:
- Total Assets: $21,640,226
- Total Liabilities: $4,025,187
- Net Assets: $17,615,039
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Organization Details
Founding Year
1987
Principal Officer
Akilah A Halley
Main Address
833 North Orleans Street, Chicago, IL, 60610
Website
www.marwen.orgNTEE Category
Code: A250 - Arts
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