Overview
What is Alabama School Of Fine Arts Foundation?
The Alabama School of Fine Arts Foundation is a charitable organization, headquartered in Birmingham, Alabama (AddressLine1Txt: 1800 8TH AVENUE NORTH, CityNm: Birmingham, StateAbbreviationCd: AL, ZIPCd: 35203). Its primary mission is to foster and bolster the efforts of the Alabama School of Fine Arts, a non-profit institution. The foundation channelizes private sector support to address the school's needs, acting as a vital bridge between the two entities. The Alabama School of Fine Arts, as the beneficiary of the foundation's activities, is eligible for such aid due to its own not-for-profit status. The foundation's purpose is to sponsor and encourage the educational endeavors of the Alabama School of Fine Arts, thereby contributing to its overall growth and development.
Official website here: www.asfa.k12.al.us
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Alabama School of Fine Arts Foundation has received an 81% rating, reflecting a strong focus on accountability and financial management. The organization holds a Three-Star designation based primarily on its Accountability & Finance score. This score indicates a commitment to transparency and responsible financial practices, essential for donor trust and effective operations.
One of the foundation's notable strengths is its governance, with a fully independent board comprising 20 members. Furthermore, the charity demonstrates no material diversion of assets and maintains several key policies, including those regarding conflicts of interest and whistleblowing. The impressive program expense ratio of 96.42% suggests that a significant portion of their expenditures directly supports their mission and programs.
While the foundation has shown strong performance in these areas, the overall score is solely based on accountability and finance metrics. This means that other important aspects of nonprofit effectiveness, such as program impact and community engagement, are not reflected in the rating. Nonetheless, the foundation's high level of financial accountability is a positive indicator for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Alabama School Of Fine Arts Foundation legitimate?
Alabama School Of Fine Arts Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alabama School Of Fine 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:
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Official website here: www.asfa.k12.al.us
What is the mission statement of Alabama School Of Fine Arts Foundation?
The Alabama School of Fine Arts Foundation's mission is to support and motivate the efforts of the Alabama School of Fine Arts. This is achieved by leveraging private sector aid to address the school's needs, as the school is entitled to such support due to its non-profit status. The foundation's primary objective is to sponsor and encourage the educational pursuits at the Alabama School of Fine Arts.
Official website here: www.asfa.k12.al.us
Who is the CEO of Alabama School Of Fine Arts Foundation?
Tommy Bice is the Chairman of Alabama School Of Fine Arts Foundation.
Official website here: www.asfa.k12.al.us
What is the revenue of Alabama School Of Fine Arts Foundation?
Alabama School Of Fine Arts Foundation's revenue in 2022 was $952,331.
Official website here: www.asfa.k12.al.us
Who are the executives of Alabama School Of Fine Arts Foundation and what are their salaries?
There 20 volunteers at Alabama School Of Fine Arts Foundation.
Here are 20 key members and their salaries:
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Official website here: www.asfa.k12.al.us
Where can I find the form 990 for Alabama School Of Fine Arts Foundation?
Alabama School Of Fine Arts Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.asfa.k12.al.us
Learn more at the official website: www.asfa.k12.al.us
Mission Statement of Alabama School Of Fine Arts Foundation
The Alabama School of Fine Arts Foundation, a non-profit organization, is dedicated to supporting and fostering the initiatives of the Alabama School of Fine Arts. By leveraging contributions from the private sector, the Foundation works tirelessly to address the school's needs. The organization's mission is twofold: it aims to sponsor and encourage the efforts of the Alabama School of Fine Arts, with the school acting as the beneficiary of all charitable donations due to its non-profit status. The Foundation's purpose is to contribute to the educational sector, specifically the Alabama School of Fine Arts, to ensure its continued success and growth.
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Impact
July, 2024
The Alabama School of Fine Arts Foundation's impact is seen in its sponsorship and encouragement of the efforts of the Alabama School of Fine Arts in Birmingham, Alabama. By enlisting help from the private sector, the foundation addresses the school's needs and supports its mission of providing arts education. Through its charitable disbursements and gifts, the foundation plays a crucial role in ensuring the school can continue to operate and thrive as a not-for-profit institution dedicated to fostering artistic talent.
This information is meant to be a general summary of Alabama School Of Fine 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.
- Investment Income: $16,979
- Program Service Revenue: $184,812
- Gross Receipts: $1,188,377
Assets and Liabilities:
- Total Assets: $11,488,662
- Total Liabilities: $162,465
- Net Assets: $11,326,197
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$110,709
DAY THEATRE
Revenue
$64,282
OTHER THEATER REVENUE
Revenue
$9,821
Organization Details
Founding Year
1978
Phone
(205) 252-6617Principal Officer
Tommy Bice
Main Address
1800 8TH AVENUE NORTH, BIRMINGHAM, AL, 35203
Website
www.asfa.k12.al.usNTEE Category
Code: A25 - Arts
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