Overview
What is The Ellington Fund?
The Ellington Fund is a nonprofit organization based in Washington, D.C., specifically at 3500 R Street NW, 20007. Its primary mission is to support and financially aid the diverse educational programs and supplies at the Duke Ellington School of the Arts, which focuses on arts and academics in disciplines such as dance, theater, vocal music, instrumental music, visual arts, literary arts, media and communications, museum studies, and technical design and production. The organization aims to empower the next generation of artists, global citizens, and critical scholars by providing scholarship assistance for their future endeavors, whether in college or professional careers.
Official website here: www.ellingtonschool.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Ellington Fund has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. An overall score of 94% indicates a high level of transparency and effective management, making it a trustworthy choice for potential donors. The organization boasts a fully independent board, with 95% of its members being independent, which enhances its governance and oversight.
The financial health of The Ellington Fund is also notable, with a low liabilities to assets ratio of 7.07% and an impressive working capital ratio of 13.40 years, indicating a robust financial position. Additionally, the organization maintains a high program expense ratio of 65.20%, showing that a substantial portion of its funds goes directly towards its programs rather than administrative costs. Fundraising efficiency is another strength, with a low cost of $0.15 raised per dollar, maximizing the impact of donations.
While the organization excels in many areas, there is a slight area for improvement in its program expense ratio, which could be enhanced to further align with best practices in the nonprofit sector. Overall, The Ellington Fund demonstrates a strong commitment to financial accountability and effective use of resources, making it a reliable nonprofit for supporters looking to make a difference.
This AI summary has been generated from information found on Charity Navigator.
Is The Ellington Fund legitimate?
The Ellington Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Ellington Fund 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: $68,110
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ellingtonschool.org
What is the mission statement of The Ellington Fund?
The Ellington Fund's mission is to financially support and maintain various programs and activities at the Duke Ellington School of the Arts. This includes curriculum programs, student support functions, art and academic disciplines, productions, exhibits, concerts, workshops, and educational seminars. The fund also provides scholarship assistance to graduates of the school, aiding them in pursuing higher education or professional careers. Furthermore, The Ellington Fund aims to empower the next generation of emerging artists, global citizens, and critical scholars by investing in their futures.
Official website here: www.ellingtonschool.org
What is the revenue of The Ellington Fund?
The Ellington Fund's revenue in 2023 was $3,487,672.
Official website here: www.ellingtonschool.org
Who are the executives of The Ellington Fund and what are their salaries?
There 71 volunteers at The Ellington Fund.
Here are 25 key members and their salaries:
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- Other: $9,307
Official website here: www.ellingtonschool.org
Where can I find the form 990 for The Ellington Fund?
The Ellington Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ellingtonschool.org
Learn more at the official website: www.ellingtonschool.org
Mission Statement of The Ellington Fund
The Ellington Fund is committed to sponsoring, maintaining, and financially supporting the diverse programs and activities of the Duke Ellington School of the Arts. Their mission encompasses curriculum programs, student support functions, art and academic disciplines and courses, productions, exhibits, concerts, workshops, and educational seminars. The organization also provides scholarship assistance to graduates of the Duke Ellington School, aiding them in their pursuit of higher education or professional careers. Beyond this, The Ellington Fund plays a significant role in nurturing the next generation of emerging artists, global citizens, and critical scholars by investing in their futures. This is achieved by supporting, promoting, and empowering these individuals, ensuring they have the resources necessary to excel in their chosen fields.
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Impact
July, 2024
The Ellington Fund plays a vital role in supporting and empowering the next generation of emerging artists, global citizens, and critical scholars at the Duke Ellington School of the Arts in Washington, DC. Through its sponsorship, maintenance, and financial assistance, it ensures that students have access to a diverse range of programs and activities in arts and academics. Additionally, the fund provides scholarship assistance to graduates pursuing college or professional careers, further enhancing their opportunities for success. By investing in the future of these talented individuals today, The Ellington Fund is making a significant impact on the development of young artists and scholars.
This information is meant to be a general summary of The Ellington Fund. 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 2023.
- Investment Income: $914,099
- Program Service Revenue: $4,251
- Gross Receipts: $29,656,936
Assets and Liabilities:
- Total Assets: $22,261,775
- Total Liabilities: $1,574,308
- Net Assets: $20,687,467
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COLLABORATIVE PROJECTS
Revenue
$4,251
Organization Details
Founding Year
1978
Principal Officer
Sandi M Logan
Website
www.ellingtonschool.orgNTEE Category
Code: A25 - Arts
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