Overview
What is Deseret Arts Foundation?
The Deseret Arts Foundation, based in North Salt Lake, Utah, is a nonprofit organization that plays a significant role in supporting the arts. It provides funding to both public and non-profit organizations, as well as extending its support to the Church of Jesus Christ of Latter-day Saints. This philanthropic entity contributes to the enrichment of the arts community, promoting cultural growth and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement) - Score: 73%
The Deseret Arts Foundation has received a Two-Star rating from Charity Navigator, indicating that there are areas requiring improvement despite a decent overall score of 73%. The foundation showcases strong governance with an independent board, receiving full points for both the majority of independent board members and board size. Additionally, the organization has effectively documented board meeting minutes, ensuring transparency in its operations.
On the financial side, the foundation demonstrates a solid program expense ratio of 81.91%, reflecting a commitment to its mission. The liabilities to assets ratio stands at a healthy 13.47%, signaling good financial management. However, the overall rating suggests that further enhancements could be made in accountability and financial practices to bolster the organization's credibility and effectiveness.
While the Deseret Arts Foundation exhibits strengths in governance and financial management, the two-star rating highlights the need for ongoing improvements to meet higher standards of accountability and performance. Continued efforts in these areas could help elevate its standing and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Deseret Arts Foundation legitimate?
Deseret Arts Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Deseret 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Deseret Arts Foundation?
The Deseret Arts Foundation serves a dual purpose. Primarily, it provides funding for artistic endeavors within public and non-profit organizations. Secondly, it offers support to the Church of Jesus Christ of Latter-day Saints in this area. By doing so, the foundation aims to enrich the artistic landscape and contribute to the religious community. The organization's activities are geared towards fostering creativity and promoting artistic growth within these sectors.
Who is the CEO of Deseret Arts Foundation?
Nathan Hale is the Director of Deseret Arts Foundation.
What is the revenue of Deseret Arts Foundation?
Deseret Arts Foundation's revenue in 2022 was $0.
Who are the executives of Deseret Arts Foundation and what are their salaries?
Here are 3 key members and their salaries:
- 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 Deseret Arts Foundation?
Deseret Arts Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Deseret Arts Foundation
Deseret Arts Foundation, as a non-profit organization, is dedicated to providing financial support for the arts. Its mission extends beyond the arts community, encompassing funding for public and non-profit organizations, as well as backing for the Church of Jesus Christ of Latter-day Saints. The foundation's primary goal is to nurture and promote artistic growth, ensuring that various artistic forms continue to thrive and inspire. By providing financial assistance, Deseret Arts Foundation enables these organizations to produce and present their work to the public, thereby enriching cultural experiences for all.
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Impact
October, 2024
Deseret Arts Foundation significantly enhances the cultural landscape by providing crucial funding for arts initiatives within public and nonprofit organizations. This support is vital for fostering creativity and accessibility to the arts in communities, enriching the lives of individuals through artistic expression. Additionally, the foundation allocates resources to initiatives that uphold and encourage the mission of the Church of Jesus Christ of Latter-day Saints, integrating faith and culture in meaningful ways. By strengthening the arts, Deseret Arts Foundation plays a pivotal role in promoting community engagement, cultural appreciation, and the overall uplifting of societal values through creative endeavors.
This information is meant to be a general summary of Deseret 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.
Assets and Liabilities:
- Total Assets: $201,120
- Total Liabilities: $10,485
- Net Assets: $190,635
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Organization Details
Founding Year
2015
Phone
(801) 298-1000Principal Officer
Nathan Hale
Main Address
30 S FAIRWAY DRIVE, NORTH SALT LAKE, UT, 84054
NTEE Category
Code: A20 - Arts
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