Overview
What is Foundation For Mexican Art And Culture?
The Foundation for Mexican Art and Culture, situated in Brooklyn, New York, is a dedicated nonprofit organization. Its primary goal is to manage funding for the cultivation, promotion, conservation, and dissemination of cultural, natural, and artistic traditions in both the United States and Mexico. As part of its mission, it provides financial support to the Fundacion Casa Wabi in Mexico. By doing so, the foundation contributes to the preservation and sharing of diverse artistic and cultural heritage across borders.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (63%), Two-Star out of Four Star rating. The Foundation For Mexican Art And Culture's accountability and finance evaluation reflects a significant emphasis on governance practices, which are crucial for donor trust and organizational effectiveness. With a perfect score for majority independent board members, it indicates a commitment to independence in oversight.
However, the organization faced shortcomings in several key areas, such as having no independent board size, conflict of interest policy, whistleblower policy, or document retention policy, all of which scored zero points. Furthermore, the foundation did not list its website on its tax form or post its tax form on its website, which could limit transparency and accessibility of financial information for potential donors.
Despite these limitations, the foundation demonstrates strong performance in specific financial metrics, such as a favorable liabilities to assets ratio and program expense ratio, suggesting that resources are being allocated effectively towards fulfilling its mission. However, addressing governance and transparency issues is essential for improving its overall rating and fostering greater trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Mexican Art And Culture legitimate?
Foundation For Mexican Art And Culture is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Mexican Art And Culture 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: $11,750
For more financial information, click here
What is the mission statement of Foundation For Mexican Art And Culture?
The Foundation for Mexican Art and Culture is committed to managing funding for the advancement, promotion, preservation, and dissemination of cultural, natural, and artistic traditions in both the United States and Mexico. Their mission involves providing financial support to foster the growth and appreciation of these traditions, ultimately contributing to the enrichment of both societies. One of their initiatives includes granting funds to the Fundacion Casa Wabi in Mexico, furthering their mission to promote cultural exchange and artistic development.
Who is the CEO of Foundation For Mexican Art And Culture?
Juan Bosco Sodi Ambrosi is the President of Foundation For Mexican Art And Culture.
What is the revenue of Foundation For Mexican Art And Culture?
Foundation For Mexican Art And Culture's revenue in 2022 was $570,882.
Who are the executives of Foundation For Mexican Art And Culture and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Foundation For Mexican Art And Culture?
Foundation For Mexican Art And Culture's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Foundation For Mexican Art And Culture
The Foundation for Mexican Art and Culture is dedicated to managing funding for the advancement, showcasing, conservation, and dissemination of cultural, natural, and artistic traditions in both the United States and Mexico. By overseeing financial resources, this organization plays a significant role in fostering the growth and promotion of these traditions, thereby preserving their rich heritage for generations to come. One of their key initiatives involves providing grants to the Fundacion Casa Wabi in Mexico, furthering their shared commitment to cultural development and preservation.
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Impact
July, 2024
The Foundation For Mexican Art And Culture's impact is significant in the development, promotion, preservation, and dissemination of cultural, natural, and artistic traditions in the United States and Mexico. Through its funding management, the foundation supports various programs and grants, one of which is providing funds to the Fundacion Casa Wabi in Mexico. This allows for the continuation and celebration of rich cultural heritage and artistic expressions in both countries. The foundation plays a crucial role in fostering cultural exchange and collaboration, contributing to the enrichment of communities and the appreciation of arts.
This information is meant to be a general summary of Foundation For Mexican Art And Culture. 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.
- Gross Receipts: $570,882
Assets and Liabilities:
- Total Assets: $1,377,829
- Total Liabilities: $2
- Net Assets: $1,377,827
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Organization Details
Founding Year
2014
Phone
(516) 593-3448Principal Officer
Juan Bosco Sodi Ambrosi
Main Address
499 VAN BRUNT STREET STE 6A, BROOKLYN, NY, 11231
NTEE Category
Code: A12 - Arts
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