Overview
What is Ann Arbor Summer Festival Inc?
Ann Arbor Summer Festival Inc, situated in Ann Arbor, Michigan, is a distinguished nonprofit organization devoted to enriching the cultural, economic, and social vitality of their region. Their primary mission involves presenting a world-class celebration of arts and entertainment, attracting approximately 10,000 attendees annually through their ticketed events. In line with their mission, they offer affordable student tickets and provide complimentary tickets to community partners and through their Good Neighbor Ticket Program. Despite the challenges posed by the COVID-19 pandemic, the organization continued its activities, albeit with limited performances in 2022. They currently employ a team of 31 dedicated individuals.
Official website here: www.a2sf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
The Ann Arbor Summer Festival Inc has achieved an impressive Four-Star rating from Charity Navigator, signifying a strong commitment to accountability and financial transparency. This high score reflects its excellent management practices, particularly in areas such as board independence, financial oversight, and adherence to policies that protect stakeholder interests. With a Fiscal Year 2023 score of 95 for Accountability & Finance, the organization demonstrates a solid operational foundation.
Strengths highlighted include a fully independent board with a total of 16 members, which supports effective governance. The organization has also shown exceptional financial health, maintaining a liabilities-to-assets ratio of just 2.95% and a program expense ratio of 69.01%, indicating that a significant portion of its spending is directed towards its programs. Additionally, the presence of comprehensive policies for conflict of interest, whistleblower protections, and document retention further enhances its credibility.
While the organization excels in most measurable areas, potential donors might consider the limited diversity of its funding sources or outreach strategies based on the available data. However, the overall rating and practices indicate a well-run nonprofit that prioritizes mission-driven work and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Ann Arbor Summer Festival Inc legitimate?
Ann Arbor Summer Festival Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ann Arbor Summer Festival 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: $104,734
Professional Fundraising Fees: $0
Other Salaries and Wages: $346,117
For more financial information, click here
Official website here: www.a2sf.org
What is the mission statement of Ann Arbor Summer Festival Inc?
The Ann Arbor Summer Festival Inc's mission is centered around presenting a premier celebration of arts and entertainment. This event enriches the cultural, economic, and social vitality of the region. The festival features marquee artists, with approximately 10,000 people purchasing tickets annually. The organization also provides affordable student tickets and complimentary tickets to community partners and through its Good Neighbor Ticket Program. In a typical year, the ticketed event series is a significant part of the festival's mission. Due to the COVID-19 pandemic, the indoor series was limited to one performance in 2022, but the organization is gradually returning to its full scale.
Official website here: www.a2sf.org
Who is the CEO of Ann Arbor Summer Festival Inc?
Michael Michelon is the Executive Di of Ann Arbor Summer Festival Inc.
Official website here: www.a2sf.org
What is the revenue of Ann Arbor Summer Festival Inc?
Ann Arbor Summer Festival Inc's revenue in 2022 was $1,134,323.
Official website here: www.a2sf.org
Who are the executives of Ann Arbor Summer Festival Inc and what are their salaries?
The average compensation at Ann Arbor Summer Festival Inc during 2022 was $14,544. There are 31 employees and 226 volunteers at Ann Arbor Summer Festival Inc.
Here are 16 key members and their salaries:
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Official website here: www.a2sf.org
Where can I find the form 990 for Ann Arbor Summer Festival Inc?
Ann Arbor Summer Festival Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.a2sf.org
Learn more at the official website: www.a2sf.org
Mission Statement of Ann Arbor Summer Festival Inc
Ann Arbor Summer Festival Inc, a renowned organization, is dedicated to presenting a world-class celebration of arts and entertainment. Their mission is to enrich the cultural, economic, and social vitality of the region. Through their ticketed event series, they feature prominent artists, attracting around 10,000 attendees each season. They are committed to making their events accessible, offering affordable student tickets and complimentary tickets through various programs. Despite the challenges posed by the COVID-19 pandemic, they have resumed their activities, limiting their indoor series to one performance in 2022 as they gradually return to their full scale operations.
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Impact
July, 2024
Ann Arbor Summer Festival Inc's impact is evident in its commitment to presenting a world-class celebration of arts and entertainment that enriches the cultural, economic, and social vitality of the region. With a ticketed event series that typically features 8-12 marquee artists, the organization draws in approximately 10,000 attendees each season. Additionally, they provide affordable student tickets and complimentary tickets to community partners through programs like the Good Neighbor Ticket Program. This dedication to offering diverse and accessible arts experiences not only enhances the local cultural scene but also contributes to the overall vibrancy of the community.
This information is meant to be a general summary of Ann Arbor Summer Festival 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: $6,262
- Program Service Revenue: $74,148
- Gross Receipts: $1,222,773
Assets and Liabilities:
- Total Assets: $479,146
- Total Liabilities: $21,998
- Net Assets: $457,148
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKETED EVENTS
Revenue
$74,148
Organization Details
Founding Year
1978
Phone
(734) 994-5999Principal Officer
Michael Michelon
Main Address
210 HURONVIEW BLVD SUITE 1, ANN ARBOR, MI, 48103
Website
www.a2sf.orgNTEE Category
Code: A200 - Arts
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