Overview
What is Augusta Foundation For The Arts Inc?
Augusta Foundation for the Arts Inc is a nonprofit organization situated in Augusta, Georgia. With a primary focus on financial support, it aims to bolster the programs and artistic activities of the Greater Augusta Arts Council Inc. The foundation's mission is to leverage the power of arts and cultural activities to enhance the overall quality of life for the residents of Augusta. By providing financial backing, it empowers the Greater Augusta Arts Council to organize various events and initiatives, thereby contributing to the city's cultural vibrancy.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement) with a score of 73%. This rating indicates that while the Augusta Foundation for the Arts Inc demonstrates some strong practices in governance and financial health, there are significant areas that require attention.
The organization receives full points for having an entirely independent board, a transparent approach to documenting board meeting minutes, and a solid liabilities to assets ratio. The program expense ratio is also strong, suggesting that a significant portion of its budget is directed towards its mission-related activities. However, the lack of a conflict of interest policy, whistleblower policy, and a document retention policy raises concerns about governance practices that could impact overall accountability.
Furthermore, the foundation has not provided a tax form disclosure on its website, which is an essential feature for transparency and trust with stakeholders. Addressing these governance gaps could improve the foundation's rating and enhance its credibility within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Augusta Foundation For The Arts Inc legitimate?
Augusta Foundation For The Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Augusta Foundation For The Arts 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
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What is the mission statement of Augusta Foundation For The Arts Inc?
The Augusta Foundation for the Arts Inc. is committed to enhancing the quality of life for its community by supporting the programs and cultural activities of the Greater Augusta Arts Council Inc. Through financial aid, it aims to foster arts-related activities within this organization. The foundation's primary mission is to provide essential financial backing for these artistic endeavors, thereby contributing to the enrichment and development of the local arts scene.
Who is the CEO of Augusta Foundation For The Arts Inc?
Dayton L Sherrouse is the President of Augusta Foundation For The Arts Inc.
What is the revenue of Augusta Foundation For The Arts Inc?
Augusta Foundation For The Arts Inc's revenue in 2022 was $35,069.
Who are the executives of Augusta Foundation For The Arts Inc and what are their salaries?
There 1 volunteer at Augusta Foundation For The Arts Inc.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Augusta Foundation For The Arts Inc?
Augusta Foundation For The Arts Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Augusta Foundation For The Arts Inc
Augusta Foundation for the Arts Inc, a dedicated organization, is committed to enhancing the quality of life for the residents of Augusta. It achieves this by providing financial support to the programs and artistic activities organized by the Greater Augusta Arts Council Inc. The primary mission of Augusta Foundation for the Arts Inc is to secure and allocate funds for these arts-related endeavors, thereby fostering a vibrant and enriching cultural scene in the community. By supporting the Greater Augusta Arts Council Inc, this foundation contributes to the artistic growth and development of the area, ultimately enriching the lives of its residents.
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Impact
October, 2024
The Augusta Foundation for the Arts Inc significantly enhances the quality of life for the residents of Augusta by supporting and funding various programs and activities related to the arts and culture. By working with the Greater Augusta Arts Council, the foundation plays a crucial role in promoting artistic expression, fostering community engagement, and enriching the local cultural landscape. This support not only broadens access to the arts but also encourages participation in cultural events, ultimately strengthening community ties and providing valuable experiences that contribute to personal and collective growth. The foundation's efforts ensure that artistic endeavors flourish, creating a vibrant environment that celebrates creativity and enhances the well-being of Augusta's residents.
This information is meant to be a general summary of Augusta Foundation For The Arts 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: $35,069
- Gross Receipts: $53,020
Assets and Liabilities:
- Total Assets: $688,924
- Total Liabilities: $0
- Net Assets: $688,924
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Organization Details
Founding Year
1989
Phone
(706) 738-0478Principal Officer
Dayton L Sherrouse
Main Address
PO BOX 2367, AUGUSTA, GA, 30903
NTEE Category
Code: A26 - Arts
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