Overview
What is Ahl Foundation Inc?
Ahl Foundation Inc, based in New York City, New York, is a nonprofit organization focused on championing Korean and Korean-American artists and their impact on contemporary art. They achieve this by promoting the work of Korean artists through various means, including visual art awards, project grants, fellowships, exhibitions, and public commissions. The foundation also strives to foster a community of supporters and art enthusiasts by organizing public lectures, workshops, museum tours, art history classes, and educational cultural experiences for the general public. With a team of seven dedicated individuals, Ahl Foundation Inc aims to increase public awareness and appreciation of these talented artists.
Official website here: www.ahlfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 62%)
The Ahl Foundation Inc has received a Two-Star rating from Charity Navigator, indicating that it has significant areas needing improvement despite some strengths in its operations. The organization has a high score for culture and community (93), reflecting a positive engagement with its constituents, who have provided perfect scores for feedback collection and usage. However, the overall accountability and finance score is notably lower at 56, suggesting room for enhancement in financial practices and transparency.
The foundation boasts a fully independent board and has demonstrated responsible management of its assets, with no material diversion reported and a low liabilities-to-assets ratio of 6.21%. These factors contribute positively to its financial health and governance. Nevertheless, the absence of key policies such as conflict of interest and whistleblower protections may raise concerns about its operational integrity and adherence to best practices in nonprofit governance.
In summary, while the Ahl Foundation Inc shows strong community engagement and solid financial management, it faces challenges in developing essential governance policies. Addressing these issues could help improve its overall rating and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Ahl Foundation Inc legitimate?
Ahl Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahl Foundation Inc 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: $36,213
For more financial information, click here
Official website here: www.ahlfoundation.org
What is the mission statement of Ahl Foundation Inc?
Ahl Foundation Inc's mission is to foster a broader public recognition of the significant contributions made by Korean and Korean-American artists to contemporary art. They achieve this by promoting the work of Korean artists through various platforms such as visual art awards, project grants, fellowships, exhibitions, and public commissions. Additionally, the foundation builds a community of supporters and art enthusiasts by organizing public lectures, workshops, museum tours, art history classes, and educational cultural experiences for the general public. Their aim is to not only showcase the talent of Korean artists but also to engage and educate the public about their work.
Official website here: www.ahlfoundation.org
Who is the CEO of Ahl Foundation Inc?
Sook Nyu Kim is the President of Ahl Foundation Inc.
Official website here: www.ahlfoundation.org
What is the revenue of Ahl Foundation Inc?
Ahl Foundation Inc's revenue in 2022 was $671,613.
Official website here: www.ahlfoundation.org
Who are the executives of Ahl Foundation Inc and what are their salaries?
The average compensation at Ahl Foundation Inc during 2022 was $5,173. There are 7 employees at Ahl Foundation Inc.
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
Official website here: www.ahlfoundation.org
Where can I find the form 990 for Ahl Foundation Inc?
Ahl Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ahlfoundation.org
Learn more at the official website: www.ahlfoundation.org
Mission Statement of Ahl Foundation Inc
Ahl Foundation Inc is dedicated to expanding the recognition and appreciation of Korean and Korean-American artists in the contemporary art scene. The organization achieves this by actively building a network of artists and fostering a broader public understanding of their significant contributions to modern art. Through various means, Ahl Foundation promotes the work of Korean artists. This includes visual art awards, project grants, fellowships, and exhibitions, as well as public commissions. Furthermore, the foundation aims to establish a community of supporters and art enthusiasts. They accomplish this by organizing public lectures, workshops, museum tours, art history classes, and cultural experiences for the general public. These initiatives not only showcase the art but also engage the community in a deeper understanding and appreciation of Korean art and artists.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Ahl Foundation Inc's impact lies in its mission to search and build artist networks while creating greater public awareness of Korean and Korean-American artists and their contributions to contemporary art. Through visual art awards, project grants, fellowships, exhibitions, and public commissions, Ahl Foundation promotes the work of Korean artists. Additionally, the organization builds a community of supporters and art enthusiasts through public lectures, workshops, museum tours, art history classes, and educational cultural experiences for the general public, ultimately enriching the cultural landscape and educational opportunities in the art world.
This information is meant to be a general summary of Ahl Foundation Inc. 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: $168,604
- Gross Receipts: $671,613
Assets and Liabilities:
- Total Assets: $844,453
- Total Liabilities: $100,000
- Net Assets: $744,453
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$168,604
Organization Details
Founding Year
2002
Phone
(516) 983-3935Principal Officer
Sook Nyu Kim
Main Address
420 W 23RD ST 7A, NEW YORK, NY, 10011
Website
www.ahlfoundation.orgNTEE Category
Code: B82 - Education
If you are a representative of Ahl Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.