Overview
What is Alberta Abbey Foundation?
The Alberta Abbey Foundation is a nonprofit organization situated in Northeast Portland, Oregon, specifically at 126 NE Albert Street Suite 205. Their primary mission is to support and foster the arts community in the area, offering affordable education, gallery, studio, performance, and meeting spaces to individuals of all ages. In addition to providing free event and meeting spaces, they also program events in-house for a fee. During 2022, their most significant achievement was resuming full operations and activities after a pause due to the impacts of COVID-19 in the previous year. The organization is staffed by 31 dedicated individuals.
Official website here: www.albertaabbey.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating. The Alberta Abbey Foundation has received a low score on Charity Navigator, reflecting concerns in its accountability and finance practices. While the organization has a fully independent board and maintains documentation for board meeting minutes, it is lacking in several key areas, such as financial transparency and governance policies.
The foundation scored particularly well in program expenses, indicating that a significant portion of its resources is directed towards its programs rather than administrative costs. However, the absence of essential financial statements and the lack of a conflict of interest and whistleblower policies raise questions about its overall governance and financial health. The liabilities to assets ratio is notably high, which presents potential financial stability concerns.
Despite these challenges, the foundation does have strengths in certain governance aspects, such as having a majority independent board. Addressing the noted limitations could enhance the foundation's rating and build greater trust with donors and the community at large.
This AI summary has been generated from information found on Charity Navigator.
Is Alberta Abbey Foundation legitimate?
Alberta Abbey Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alberta Abbey 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: $264,063
For more financial information, click here
Official website here: www.albertaabbey.org
What is the mission statement of Alberta Abbey Foundation?
The Alberta Abbey Foundation's mission is centered around nurturing the arts within various communities. They achieve this by offering affordable education, gallery, studio, performance, and meeting spaces to individuals of all ages. This non-profit organization is committed to making these resources accessible, fostering creativity and artistic growth. In addition to providing space, they also offer programming and production assistance for a fee for events not organized in-house, and in 2022, they successfully resumed full operations following a pause due to the COVID-19 pandemic.
Official website here: www.albertaabbey.org
Who is the CEO of Alberta Abbey Foundation?
Deanna Smith is the President of Alberta Abbey Foundation.
Official website here: www.albertaabbey.org
What is the revenue of Alberta Abbey Foundation?
Alberta Abbey Foundation's revenue in 2022 was $680,182.
Official website here: www.albertaabbey.org
Who are the executives of Alberta Abbey Foundation and what are their salaries?
The average compensation at Alberta Abbey Foundation during 2022 was $8,518. There are 31 employees and 15 volunteers at Alberta Abbey Foundation.
Here are 8 key members and their salaries:
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Official website here: www.albertaabbey.org
Where can I find the form 990 for Alberta Abbey Foundation?
Alberta Abbey Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.albertaabbey.org
Learn more at the official website: www.albertaabbey.org
Mission Statement of Alberta Abbey Foundation
The Alberta Abbey Foundation, a nonprofit organization, is committed to nurturing the arts in various communities, particularly in northeast Portland. Its mission is to offer affordable education, gallery, studio, performance, and meeting spaces to individuals of all ages. By providing these resources, the foundation aims to foster artistic growth and creativity within its community. During challenging times, such as the COVID-19 pandemic, the Alberta Abbey Foundation has demonstrated resilience, pausing its operations temporarily but eventually returning to full operations and activities in 2022. This commitment to continuing its mission despite obstacles underscores its dedication to supporting the local arts scene.
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Impact
July, 2024
The Alberta Abbey Foundation has had a significant impact in Northeast Portland by nurturing the arts through providing affordable education, gallery space, studio space, performance space, and meeting space to community members of all ages. In 2022, the organization successfully returned to full operations and activities after pausing its operations due to the effects of COVID-19 in the prior year. They have played a key role in supporting local artists and creatives by offering event and meeting space either free of charge or for a fee, as well as providing production assistance for various events. Overall, the Alberta Abbey Foundation has been instrumental in fostering a vibrant arts community in Northeast Portland.
This information is meant to be a general summary of Alberta Abbey 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: $24
- Program Service Revenue: $500,853
- Gross Receipts: $680,182
Assets and Liabilities:
- Total Assets: $92,027
- Total Liabilities: $349,351
- Net Assets: -$257,324
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT REVENUE
Revenue
$333,983
BUILDING REVENUE
Revenue
$166,870
Organization Details
Founding Year
2016
Phone
(503) 897-7037Principal Officer
Deanna Smith
Main Address
126 NE ALBERTA STREET SUITE 205, PORTLAND, OR, 97211
Website
www.albertaabbey.orgNTEE Category
Code: A25 - Arts
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