Overview
What is Acvb Foundation Inc?
Acvb Foundation Inc, located in Atlanta, Georgia, is a nonprofit organization with a mission to foster public awareness and financial support for art, cultural, and historical organizations. They achieve this goal by collaborating with local, non-profit cultural institutions. A significant part of their work involves purchasing media to target specific cultural events, thereby expanding their reach and impact. Their strategic partnerships aim to raise funds and promote the importance of preserving and celebrating culture and history.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
The ACVB Foundation Inc has received a commendable Four-Star out of Four Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization's high score indicates effective management and transparency in its operations, which is crucial for building trust with donors and stakeholders.
A key strength of the ACVB Foundation is its governance structure, featuring a fully independent board, which enhances oversight and decision-making. Additionally, the organization has established robust policies regarding conflicts of interest and whistleblower protections, contributing to a healthy organizational culture.
Despite its strengths, the ACVB Foundation maintains a significant program expense ratio of 76.51%, indicating a commitment to utilizing funds directly for its programs and mission. Overall, the foundation demonstrates a solid financial footing with a low liabilities to assets ratio of 0.14%, highlighting its efficient use of resources to further its objectives.
This AI summary has been generated from information found on Charity Navigator.
Is Acvb Foundation Inc legitimate?
Acvb Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Acvb 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: $0
For more financial information, click here
What is the mission statement of Acvb Foundation Inc?
The Acvb Foundation Inc's mission is centered around collaborating with local, non-profit cultural institutions. This collaboration aims to foster public awareness and secure financial support for organizations that promote art, culture, and historical preservation. The foundation executes this mission through various means, including the strategic use of media campaigns, targeting specific cultural events to reach a wider audience and generate interest and support for these institutions.
Who is the CEO of Acvb Foundation Inc?
Gregory Pierce is the Director of Acvb Foundation Inc. The CEO's salary of Acvb Foundation Inc is $0 and their total compensation is $945,410.
What is the revenue of Acvb Foundation Inc?
Acvb Foundation Inc's revenue in 2022 was $72,074.
Who are the executives of Acvb Foundation Inc and what are their salaries?
Here are 6 key members and their salaries (Acvb Foundation Inc's CEO's salary is $0 and their total compensation is $945,410):
- Compensation: $0
- Related: $135,134
- Other: $6,714
- Compensation: $0
- Related: $362,034
- Other: $12,257
- Compensation: $0
- Related: $182,163
- Other: $9,588
- Compensation: $0
- Related: $903,083
- Other: $42,327
- Compensation: $0
- Related: $458,323
- Other: $8,448
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Acvb Foundation Inc?
Acvb Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Acvb Foundation Inc
The Acvb Foundation Inc, in its mission, collaborates with local, non-profit cultural institutions. Its primary objective is to stimulate public interest and secure financial backing for artistic, cultural, and historical organizations. By engaging in strategic media campaigns, the foundation strategically purchases advertising space to target specific cultural events, thereby raising awareness and generating support for these institutions. In essence, the Acvb Foundation Inc serves as a catalyst, fostering a stronger connection between the community and these cultural organizations, thereby ensuring their continued existence and growth.
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Impact
August, 2024
Acvb Foundation Inc's impact lies in its dedication to collaborating with local, nonprofit cultural institutions to promote public awareness and garner financial support for art, cultural, and historical organizations in Atlanta, Georgia. Through initiatives such as cultural media campaigns strategically targeting specific cultural events, the foundation contributes significantly to community improvement by fostering greater engagement and support for these important institutions.
This information is meant to be a general summary of Acvb 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.
- Investment Income: $1,394
- Program Service Revenue: $70,680
- Gross Receipts: $106,753
Assets and Liabilities:
- Total Assets: $1,587,835
- Total Liabilities: $11,066
- Net Assets: $1,576,769
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CO-OP CASH
Revenue
$70,680
Organization Details
Founding Year
2002
Phone
(404) 521-6600Principal Officer
Gregory Pierce
Main Address
233 PEACHTREE STREET NE 1400, ATLANTA, GA, 30303
NTEE Category
Code: S11 - Community improvement
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