Overview
What is Future Arts Foundation?
The Future Arts Foundation is a nonprofit organization that dedicates its efforts to hosting concerts aimed at supporting youth arts programs. In 2022, they successfully organized the bluebird music festival at Macky Auditorium in Boulder, Colorado, attracting about 5,000 attendees and showcasing around 20 musicians. Moreover, the foundation displayed its compassion by donating around 500 instruments to survivors of the Marshall fire, who had suffered the loss of both their homes and musical instruments. The Future Arts Foundation's mission to assist young artists and music enthusiasts in times of need is evident in their initiatives and actions.
Official website here: www.fafcolorado.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69% (Two-Star out of Four Stars)
The Future Arts Foundation has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance in accountability and finance. While the organization scored well in several areas, such as having an independent board and a solid liabilities to assets ratio, it fell short in critical governance aspects, which impacted its overall score.
Strengths include a fully independent board and a high program expense ratio, suggesting that funds are being directed towards its mission-related activities. The charity also maintains transparency through its documentation of board meeting minutes and adheres to proper asset management practices.
However, the foundation lacks key policies, including a conflict of interest policy, a whistleblower policy, and guidelines for document retention and destruction. Additionally, the failure to post its tax form on its website raises concerns about transparency. These shortcomings in governance practices contribute to its lower overall evaluation from Charity Navigator.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Future Arts Foundation?
100% of 5 reviewers on Facebook endorse Future Arts Foundation. Here is a summary of their reviews:
The organization is praised for its dedicated staff and meaningful mission of providing musical instruments to youth. Reviewers appreciate the positive impact the foundation has on the community and express gratitude for the opportunities it creates for young artists.
Overall, excitement and enthusiasm for the work Future Arts Foundation is doing shines through in the feedback, highlighting that supporters feel strongly about the foundation's commitment to making a difference in the lives of young people through the arts.
This AI summary has been generated from reviews found on Facebook.
Is Future Arts Foundation legitimate?
Future Arts Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Future Arts 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: $49,776
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.fafcolorado.org
What is the mission statement of Future Arts Foundation?
The Future Arts Foundation's mission is centered around hosting concerts with a noble purpose. Specifically, the foundation utilizes these events to fund and promote youth arts programs. In 2022, this was exemplified through the organization of the Bluebird Music Festival at Macky Auditorium in Boulder, Colorado. The festival attracted around 5,000 attendees and showcased approximately 20 musicians. As a demonstration of their commitment to supporting the arts, the foundation also donated approximately 500 instruments to survivors of the Marshall fire, who had suffered not only the loss of their instruments but also their homes.
Official website here: www.fafcolorado.org
Who is the CEO of Future Arts Foundation?
Travis Albright is the Executive Di of Future Arts Foundation.
Official website here: www.fafcolorado.org
What is the revenue of Future Arts Foundation?
Future Arts Foundation's revenue in 2022 was $457,559.
Official website here: www.fafcolorado.org
Who are the executives of Future Arts Foundation and what are their salaries?
The average compensation at Future Arts Foundation during 2022 was $49,776. There is 1 employee and 20 volunteers at Future Arts Foundation.
Here are 3 key members and their salaries:
- Compensation: $49,776
- Related: $0
- Other: $914
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.fafcolorado.org
Where can I find the form 990 for Future Arts Foundation?
Future Arts Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fafcolorado.org
Learn more at the official website: www.fafcolorado.org
Mission Statement of Future Arts Foundation
The Future Arts Foundation, as its name suggests, is an organization that dedicates itself to hosting concerts with a noble purpose. Specifically, the foundation uses these events to raise funds for youth arts programs. One of their significant initiatives was the Bluebird Music Festival held at Macky Auditorium in Boulder, Colorado, in 2022. This event attracted around 5,000 attendees and showcased approximately 20 musical acts. Beyond the entertainment, the Foundation used this opportunity to extend its support to a community in need. In the aftermath of the Marshall fire, which left many survivors without their homes and instruments, the Future Arts Foundation donated around 500 musical instruments to help these young people continue their passion for music. This act of kindness not only provided the necessary tools for musical expression but also offered a glimmer of hope and normalcy amidst the challenges faced by the affected community.
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Impact
July, 2024
Future Arts Foundation's impact lies in hosting concerts that support youth arts programs. For example, they organized the bluebird music festival at Macky Auditorium in Boulder, Colorado, which attracted around 5,000 attendees and featured about 20 musicians. Additionally, the foundation's donation of approximately 500 instruments to survivors of the Marshall fire not only helped replace lost instruments but also provided a source of healing and creativity for those who had lost their homes. This demonstrates the foundation's commitment to nurturing youth development through the power of the arts.
This information is meant to be a general summary of Future Arts 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.
- Program Service Revenue: $230,372
- Gross Receipts: $457,559
Assets and Liabilities:
- Total Assets: $103,597
- Total Liabilities: $2,045
- Net Assets: $101,552
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$230,372
Organization Details
Founding Year
2014
Phone
(720) 440-4975Principal Officer
Travis Albright
Main Address
699 SUNDOWN DRIVE, LAFAYETTE, CO, 80026
Website
www.fafcolorado.orgNTEE Category
Code: O50 - Youth development
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