Overview
What is Arts Beats & Eats Foundation?
The Arts Beats & Eats Foundation is a nonprofit organization situated in Royal Oak, Michigan. Its primary objective is to raise funds, primarily benefiting Section 501(C)(3) charities situated in Southeastern Michigan. The foundation also actively promotes cultural exchanges within Oakland County and the broader Southeastern Michigan region. They achieve this goal through organizing special events, the proceeds of which are disbursed to eligible charities. By supporting local charities and fostering cultural interactions, the Arts Beats & Eats Foundation contributes to the betterment of its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating.
The Arts Beats & Eats Foundation has received a solid Three-Star rating, reflecting its strong performance in areas of accountability and finance. With a score of 82%, the foundation demonstrates effective governance, as indicated by its board composition, which includes 75% independent members. Additionally, the organization maintains thorough financial statements and shows no material diversion of assets, contributing to its financial integrity.
Financially, the foundation excels with a program expense ratio of 96.53%, indicating that a significant majority of its expenses are directed towards its programs rather than administrative costs. This focus on programmatic spending is a key strength, ensuring that funds are utilized effectively to support its mission. The organization also maintains a favorable liabilities to assets ratio of 0.00%, which suggests a strong financial position.
Despite its commendable ratings and practices, the foundation does not have any noted limitations or challenges in the provided data. Overall, the Arts Beats & Eats Foundation stands out for its commitment to transparency and efficient use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Arts Beats & Eats Foundation legitimate?
Arts Beats & Eats Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arts Beats & Eats 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
For more financial information, click here
What is the mission statement of Arts Beats & Eats Foundation?
The Arts Beats & Eats Foundation's mission is to primarily raise funds, which are then disbursed to charitable organizations under IRC section 501(C)(3) in Southeastern Michigan. This foundation also aims to promote cultural exchanges within Oakland County and Southeastern Michigan. They accomplish this goal by organizing special events, from which the funds raised are distributed to eligible charities and initiatives that foster cultural interactions. The foundation's activities contribute to enriching the local community by encouraging cultural exchange and supporting worthy causes.
Who is the CEO of Arts Beats & Eats Foundation?
Lori Witz is the President of Arts Beats & Eats Foundation.
What is the revenue of Arts Beats & Eats Foundation?
Arts Beats & Eats Foundation's revenue in 2022 was $618,975.
Who are the executives of Arts Beats & Eats Foundation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- 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 Arts Beats & Eats Foundation?
Arts Beats & Eats Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Arts Beats & Eats Foundation
The Arts Beats & Eats Foundation, a prominent nonprofit organization, is dedicated to raising funds primarily for charitable organizations classified under IRC section 501(C)(3) in southeastern Michigan. This mission extends beyond merely fundraising; it also involves promoting cultural exchanges within Oakland County and the broader southeastern Michigan region. The foundation achieves its objectives by hosting special events, with the proceeds then disbursed to eligible charities and initiatives that foster cultural exchange. In essence, the Arts Beats & Eats Foundation serves as a vital link between the community and various charitable organizations, leveraging the power of cultural events to raise funds and foster understanding between different sectors of society.
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Impact
July, 2024
The Arts Beats & Eats Foundation's impact lies in its efforts to raise funds for Southeastern Michigan 501(c)(3) charities while promoting cultural exchanges within Oakland County and Southeastern Michigan. Through special events, the foundation raises funds that are then dispersed to organizations and programs that support cultural exchanges and community initiatives. This not only provides financial support to charitable causes but also fosters cultural diversity and collaboration in the local community.
This information is meant to be a general summary of Arts Beats & Eats 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: $375
- Program Service Revenue: $8,284
- Gross Receipts: $1,180,002
Assets and Liabilities:
- Total Assets: $646,807
- Total Liabilities: $0
- Net Assets: $646,807
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Organization Details
Founding Year
2001
Phone
(248) 541-7550Principal Officer
Lori Witz
Main Address
301 W FOURTH ST 440, ROYAL OAK, MI, 48067
NTEE Category
Code: T70 - Philanthropy
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