Overview
What is The Kalo Foundation Of Park Ridge?
The Kalo Foundation of Park Ridge is a dedicated nonprofit organization located in Park Ridge, Illinois. Their primary mission is to preserve and celebrate the city's rich artistic legacy. They accomplish this by restoring the Iannelli Studio & Heritage Center, acquiring artwork for public display, sponsoring educational seminars, exhibits, tours, publications, and special events. These initiatives aim to increase awareness and appreciation of the arts and crafts in modern life. The foundation's activities are rooted in education, advocacy, preservation, and promotion, ensuring that the artistic heritage of Park Ridge continues to thrive.
Official website here: www.kalofoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The Kalo Foundation of Park Ridge has achieved an impressive 97% rating, reflecting strong accountability and financial health. This high score is derived entirely from their perfect performance in the Accountability & Finance beacon, showcasing their commitment to transparency and responsible management of resources.
Key strengths of the organization include having a wholly independent board, with all seven members free from conflicts of interest. They have implemented critical governance policies such as a whistleblower policy and a conflict of interest policy, which indicates a robust ethical framework. Additionally, their program expense ratio of 70.20% signifies that a significant portion of their funds is directed towards their programs, enhancing their impact.
There are no notable limitations reported in the available data, indicating that The Kalo Foundation maintains solid financial practices and governance standards. This level of oversight and commitment to operational excellence positions them as a trustworthy nonprofit organization within their community.
This AI summary has been generated from information found on Charity Navigator.
Is The Kalo Foundation Of Park Ridge legitimate?
The Kalo Foundation Of Park Ridge is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Kalo Foundation Of Park Ridge 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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Official website here: www.kalofoundation.org
What is the mission statement of The Kalo Foundation Of Park Ridge?
The Kalo Foundation is committed to preserving the rich artistic legacy in an unspecified location, believed to be inspired by Park Ridge, Illinois. This mission is achieved through various means, including education, advocacy, and preservation. The foundation promotes the arts and crafts as a vital aspect of contemporary life. They actively restore studios and heritage centers, acquire artwork for public display, sponsor educational seminars, exhibits, tours, publications, and special events. These activities aim to boost awareness and appreciation for the arts and crafts.
Official website here: www.kalofoundation.org
What is the revenue of The Kalo Foundation Of Park Ridge?
The Kalo Foundation Of Park Ridge's revenue in 2024 was $154,475.
Official website here: www.kalofoundation.org
Who are the executives of The Kalo Foundation Of Park Ridge and what are their salaries?
There 6 volunteers at The Kalo Foundation Of Park Ridge.
Here are 6 key members and their salaries:
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Official website here: www.kalofoundation.org
Where can I find the form 990 for The Kalo Foundation Of Park Ridge?
The Kalo Foundation Of Park Ridge's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.kalofoundation.org
Learn more at the official website: www.kalofoundation.org
Mission Statement of The Kalo Foundation Of Park Ridge
The Kalo Foundation, dedicated to preserving the artistic legacy of Park Ridge, Illinois, accomplishes this mission through various means. Primarily, the organization focuses on education, advocacy, and preservation, aiming to celebrate and promote the arts and crafts as an essential part of modern life. To achieve this goal, The Kalo Foundation organizes educational seminars, exhibits, tours, publications, and special events. These initiatives are designed to increase awareness and appreciation of the arts and crafts, ensuring that the rich artistic legacy of Park Ridge is not forgotten.
Additionally, The Kalo Foundation takes active steps to preserve this legacy by restoring the Iannelli Studio & Heritage Center. By acquiring artwork for display, the foundation works to showcase the city's artistic heritage, making it accessible to the public. Through these efforts, The Kalo Foundation plays a significant role in celebrating Park Ridge's artistic past while promoting its continued relevance in contemporary society.
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Impact
August, 2024
The Kalo Foundation of Park Ridge has a significant impact on preserving the rich artistic legacy of the city. Through its dedication to restoring the Iannelli Studio & Heritage Center, acquiring artwork for display, sponsoring educational seminars, exhibits, tours, publications, and special events, the foundation increases awareness and appreciation of the arts and crafts in the community. Their efforts not only preserve historical landmarks but also promote the arts as an integral part of modern life.
This information is meant to be a general summary of The Kalo Foundation Of Park Ridge. 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 2024.
- Investment Income: $40,178
- Program Service Revenue: $1,075
- Gross Receipts: $170,705
Assets and Liabilities:
- Total Assets: $1,683,846
- Total Liabilities: $47
- Net Assets: $1,683,799
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ART PROGRAM
Revenue
$1,075
Organization Details
Founding Year
2006
Principal Officer
Maria Hrycelak
Website
www.kalofoundation.orgNTEE Category
Code: A80 - Arts
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