Overview
What is National Foundation For Advancement In The Arts Inc?
The National Foundation for Advancement in the Arts Inc, also known as Youngarts, is a Miami-based nonprofit organization. Their primary focus is to recognize artistic talent in young individuals across various disciplines, including literature, visual and performing arts, and classical music. Each year, thousands of applicants compete in the Youngarts competition, and over 700 are selected as finalists, honorable mentions, or merit award recipients. In total, these artists receive cash awards worth over $700,000. The mission of Youngarts is to identify and support emerging artists, investing in their long-term creative freedom. The organization currently employs around 300 people.
Official website here: www.youngarts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The National Foundation For Advancement In The Arts Inc has achieved a Four-Star rating from Charity Navigator, reflecting exceptional performance in accountability and finance. This high score indicates a strong commitment to transparency and responsible fiscal management, with all board members being independent and a robust oversight mechanism in place.
Strengths of the organization include a high program expense ratio of 77.76%, demonstrating that a significant portion of their budget is directed towards their programs rather than administrative costs. Additionally, their fundraising efficiency is commendable at just $0.13 to raise a dollar, which indicates effective use of funds in fundraising efforts. The organization has also implemented essential policies, such as a conflict of interest policy and a whistleblower policy, further reinforcing its accountability framework.
There are no noted limitations in the data provided, which suggests that the National Foundation For Advancement In The Arts Inc is operating effectively and responsibly. Overall, the organization stands out as a well-managed entity committed to its mission and the proper stewardship of its financial resources.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about National Foundation For Advancement In The Arts Inc?
94% of 464 reviewers on Facebook recommend the National Foundation For Advancement In The Arts Inc. Here's a summary of their feedback:
Many individuals express high satisfaction with the organization's initiatives, highlighting its impact on young artists. The foundation is praised for its commitment to supporting emerging talent and fostering creativity in the arts. Reviewers often mention a positive experience with the programs offered, noting that the resources and opportunities provided have been beneficial for them personally or for the community.
Overall, the sentiment towards the National Foundation For Advancement In The Arts Inc. is overwhelmingly positive, with users appreciating the organization’s dedication to the arts and its effectiveness in empowering the next generation of artists.
This AI summary has been generated from reviews found on Facebook.
Is National Foundation For Advancement In The Arts Inc legitimate?
National Foundation For Advancement In The Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Foundation For Advancement In 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: $1,448,458
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,190,916
For more financial information, click here
Official website here: www.youngarts.org
What is the mission statement of National Foundation For Advancement In The Arts Inc?
The National Foundation for Advancement in the Arts, Inc., known as YoungArts, is dedicated to recognizing and fostering artistic talents in young individuals. Their mission is to identify exceptional young artists in various fields, including literature, visual and performing arts, and provide them with ongoing support for their creative endeavors. Through an annual competition, YoungArts selects promising artists and grants them cash awards, totaling over $700,000 each year. These artists become part of a larger community of over 20,000 Youngarts winners, all committed to pursuing their artistic passions with the support of the foundation.
Official website here: www.youngarts.org
Who is the CEO of National Foundation For Advancement In The Arts Inc?
Clive Chang is the Principal Officer of National Foundation For Advancement In The Arts Inc.
Official website here: www.youngarts.org
What is the revenue of National Foundation For Advancement In The Arts Inc?
National Foundation For Advancement In The Arts Inc's revenue in 2022 was $12,328,830.
Official website here: www.youngarts.org
Who are the executives of National Foundation For Advancement In The Arts Inc and what are their salaries?
The average compensation at National Foundation For Advancement In The Arts Inc during 2022 was $12,091. There are 301 employees and 38 volunteers at National Foundation For Advancement In The Arts Inc.
Here are 41 key members and their salaries:
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Official website here: www.youngarts.org
Where can I find the form 990 for National Foundation For Advancement In The Arts Inc?
National Foundation For Advancement In The Arts Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.youngarts.org
Learn more at the official website: www.youngarts.org
Mission Statement of National Foundation For Advancement In The Arts Inc
The National Foundation for Advancement in the Arts, or YoungArts as it is known, is a renowned organization that sets out to recognize and foster emerging talent in the literary, visual, and performing arts. With a deep-rooted commitment to nurturing young artists, this esteemed institution goes above and beyond to amplify their potential and invest in their lifelong creative freedom. Each year, thousands of applicants submit their work to the YoungArts competition, hoping to be recognized for their artistic excellence.
Among the vast pool of applicants, a select group of exceptional artists are chosen based on their merit. These artists receive awards in various categories, including classical music, dance, design arts, film, jazz, photography, theater, visual arts, voice, and writing. In 2022 alone, over 700 artists received cash awards totaling $761,975. These fortunate recipients join a vibrant community of over 20,000 YoungArts alumni, who have been recognized for their artistic achievements. The National Foundation for Advancement in the Arts continues to provide unwavering support to these young artists, empowering them to reach new heights in their artistic journeys.
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Impact
October, 2024
National Foundation For Advancement In The Arts Inc significantly impacts the artistic landscape by identifying and assisting emerging artists across various disciplines. By recognizing and nurturing artistic excellence, the organization empowers young talents in literary, visual, and performing arts, including classical music, dance, design, jazz, photography, theater, and writing.
Through the YoungArts competition, more than 7,000 applicants vie for recognition each year, and in 2022 alone, 729 artists were celebrated as finalists, honorable mentions, and merit award recipients. The foundation allocated $761,975 in cash awards, reinforcing its commitment to supporting young artists financially and providing them with necessary resources.
Additionally, being part of the YoungArts community connects these artists with over 20,000 alumni, offering them opportunities for collaboration, mentorship, and guidance as they navigate their creative journeys. This holistic support not only amplifies their potential but fosters a culture of lifelong creative freedom, essential for the sustained growth of the arts. The influence of the National Foundation For Advancement In The Arts extends beyond individual recognition, contributing to the broader development of a vibrant artistic community.
This information is meant to be a general summary of National Foundation For Advancement In 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: $3,971,135
- Program Service Revenue: $197,194
- Gross Receipts: $41,290,208
Assets and Liabilities:
- Total Assets: $53,586,119
- Total Liabilities: $311,734
- Net Assets: $53,274,385
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APPLICATION FEES
Revenue
$197,194
Organization Details
Founding Year
1981
Phone
(305) 377-1140Principal Officer
Clive Chang
Main Address
2100 BISCAYNE BLVD, MIAMI, FL, 33137
Website
www.youngarts.orgNTEE Category
Code: A900 - Arts
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