Overview
What is Forward Arts Foundation Inc?
Forward Arts Foundation Inc, based in Atlanta, Georgia, primarily serves to champion and bolster the arts scene within the area. Through membership dues and additional revenue, the organization operates an art gallery, showcasing and selling artwork as part of its mission. Since its inception, the Foundation has made substantial contributions to the visual arts in Atlanta. These contributions include leadership grants for art exhibitions, donations for specific art acquisitions by local publicly supported arts organizations, and annual scholarships for local artists. With a dedicated team of 46 employees, Forward Arts Foundation Inc plays a significant role in promoting and fostering artistic growth and appreciation in Atlanta, Georgia.
Official website here: www.forwardartsatlanta.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Forward Arts Foundation Inc has earned an 81% score from Charity Navigator, reflecting a strong level of accountability and finance management. This rating is based entirely on their accountability metrics, which indicates that the organization adheres to high standards of financial stewardship and organizational transparency.
Strengths of the foundation include a fully independent board, with all eight members free from conflicts of interest. Furthermore, they have demonstrated effective governance practices, including the presence of essential policies such as whistleblower and conflict of interest policies, as well as a clear document retention strategy. Notably, their program expense ratio stands at an impressive 90.95%, indicating a strong commitment to utilizing funds for their intended charitable purposes.
While the organization shows no material diversion of assets and maintains a favorable liabilities to assets ratio, the overall rating suggests there may be room for improvement in areas beyond financial accountability. However, their strong governance and financial practices are commendable and indicate a solid operational foundation.
This AI summary has been generated from information found on Charity Navigator.
Is Forward Arts Foundation Inc legitimate?
Forward Arts Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forward Arts 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
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Other Salaries and Wages: $768,491
For more financial information, click here
Official website here: www.forwardartsatlanta.org
What is the mission statement of Forward Arts Foundation Inc?
The Forward Arts Foundation's mission is centered around providing substantial assistance to the visual arts sphere. This support encompasses various avenues, including granting leadership funds for art exhibitions, making donations for specific art acquisitions by other local publicly supported arts organizations, and offering annual scholarships for local artists. The organization's primary aim is to significantly contribute to the artistic community, thereby fostering growth and development in the visual arts sector. In addition to collecting member dues, the foundation operates an art gallery where artworks are displayed and sold, furthering their commitment to promoting and advancing the arts.
Official website here: www.forwardartsatlanta.org
Who is the CEO of Forward Arts Foundation Inc?
Karen H'Doubler is the Board Member, Chair of Forward Arts Foundation Inc.
Official website here: www.forwardartsatlanta.org
What is the revenue of Forward Arts Foundation Inc?
Forward Arts Foundation Inc's revenue in 2022 was $2,883,622.
Official website here: www.forwardartsatlanta.org
Who are the executives of Forward Arts Foundation Inc and what are their salaries?
The average compensation at Forward Arts Foundation Inc during 2022 was $16,706. There are 46 employees and 132 volunteers at Forward Arts Foundation Inc.
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Official website here: www.forwardartsatlanta.org
Where can I find the form 990 for Forward Arts Foundation Inc?
Forward Arts Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.forwardartsatlanta.org
Learn more at the official website: www.forwardartsatlanta.org
Mission Statement of Forward Arts Foundation Inc
The Forward Arts Foundation, a prominent entity in the visual arts sphere, is committed to providing substantial support to the artistic community in Atlanta. Its mission is centered around fostering and nurturing the visual arts, aiming to make a significant impact in this artistic realm. To actualize this mission, the Foundation undertakes various initiatives, including granting leadership funding for captivating art exhibitions, making donations for specific art acquisitions by other locally-supported arts organizations, and offering annual scholarships to talented local artists. By engaging in these activities, the Forward Arts Foundation contributes to the enrichment and promotion of the visual arts in the area, thereby contributing to the cultural fabric of the community. The Foundation also operates an art gallery as part of its primary purpose, providing a platform for showcasing and selling artworks, thereby furthering its support for the arts in Atlanta.
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Impact
July, 2024
Forward Arts Foundation Inc's impact is evident in the significant support it has provided to the visual arts in Atlanta, GA. Since its founding, the foundation has offered leadership grants for art exhibitions, made donations for specific art acquisitions by other local publicly supported arts organizations, and awarded annual scholarships for local artists. Additionally, the foundation operates an art gallery to showcase and sell artwork, embodying its primary purpose of supporting and furthering the arts in Atlanta. These efforts contribute to enriching the local arts community and fostering the growth and development of visual artists in the region.
This information is meant to be a general summary of Forward Arts 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: $404
- Gross Receipts: $3,856,391
Assets and Liabilities:
- Total Assets: $6,263,507
- Total Liabilities: $272,203
- Net Assets: $5,991,304
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Organization Details
Founding Year
1965
Phone
(404) 261-0636Principal Officer
Karen H'Doubler
Main Address
3130 SLATON DRIVE NW, ATLANTA, GA, 30305
Website
www.forwardartsatlanta.orgNTEE Category
Code: A400 - Arts
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