Overview
What is Broward Performing Arts Foundation Inc?
Broward Performing Arts Foundation Inc, based in Fort Lauderdale, Florida, is a nonprofit organization dedicated to promoting high-quality artistic and cultural programming. They host a diverse range of performances, including music, theater, dance, comedy, and more, at various venues such as the Broward Center for the Performing Arts, The Parker, Rose and Alfred Miniaci Performing Arts Center, and Aventura Arts and Cultural Center. The organization raised funds through two capital campaigns, enhancing their facilities and endowment fund. They also provide extensive educational programming, serving over 3.5 million students with free arts-in-education activities and performances. The foundation is committed to making the arts more accessible by offering programs for at-risk students and implementing sensory-inclusive performances for individuals with developmental disabilities. In 2022, they launched Arts for Action: Black Voices, an ongoing series to elevate Black artists and promote social change. With a mission to sustain and develop the performing arts in Broward County, Florida, the foundation has significantly impacted the local community.
Official website here: www.browardcenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Stars)
The Broward Performing Arts Foundation Inc has achieved a Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and financial health. With an impressive impact and measurement score of 100, the organization is recognized for effectively implementing its mission to enrich the community through the arts. Its financial metrics, including a program expense ratio of 83.94% and a working capital ratio of 3.30 years, indicate a solid investment in its programs and sustainability.
Strengths of the foundation include a fully independent board of directors and high scores across various categories, such as leadership and adaptability, which both received a perfect score of 100. The foundation also demonstrates a strong commitment to equity strategies and collects and utilizes feedback effectively, ensuring that its initiatives align with community needs and expectations.
Despite its many strengths, the charity maintains a low fundraising efficiency ratio of $0.12, indicating that while it effectively mobilizes resources, there may be opportunities for improvement in fundraising strategies. Overall, the Broward Performing Arts Foundation Inc stands out for its dedication to community engagement through the arts while maintaining rigorous operational standards.
This AI summary has been generated from information found on Charity Navigator.
Is Broward Performing Arts Foundation Inc legitimate?
Broward Performing Arts Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Broward Performing 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: $251,623
Professional Fundraising Fees: $0
Other Salaries and Wages: $546,457
For more financial information, click here
Official website here: www.browardcenter.org
What is the mission statement of Broward Performing Arts Foundation Inc?
The Broward Performing Arts Foundation's mission is primarily focused on sustaining and advancing the performing arts. It achieves this by providing support for programming, educational activities, operations, and capital development at the Broward Center for the Performing Arts. The foundation's activities extend beyond performances, reaching out to the community through educational programs that serve over 100,000 students annually. The foundation also raises capital funds to sustain the venues and supports various educational programs, including a free arts-in-education program that has served over 3.5 million students to date. Additionally, the foundation is dedicated to making the arts more accessible for diverse audiences and has initiatives to increase engagement with the arts for individuals with developmental disabilities. In recent years, the foundation has launched initiatives to address racial equity in the arts as well.
Official website here: www.browardcenter.org
Who is the CEO of Broward Performing Arts Foundation Inc?
Lisa Kitei is the Chair of Broward Performing Arts Foundation Inc.
Official website here: www.browardcenter.org
What is the revenue of Broward Performing Arts Foundation Inc?
Broward Performing Arts Foundation Inc's revenue in 2022 was $6,295,369.
Official website here: www.browardcenter.org
Who are the executives of Broward Performing Arts Foundation Inc and what are their salaries?
The average compensation at Broward Performing Arts Foundation Inc during 2022 was $114,011. There are 7 employees and 650 volunteers at Broward Performing Arts Foundation Inc.
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Official website here: www.browardcenter.org
Where can I find the form 990 for Broward Performing Arts Foundation Inc?
Broward Performing Arts Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.browardcenter.org
Learn more at the official website: www.browardcenter.org
Mission Statement of Broward Performing Arts Foundation Inc
Broward Performing Arts Foundation Inc's mission is centered around sustaining, developing, and securing the future of performing arts in Broward County, Florida. The organization primarily achieves this goal by providing support for the programming, educational activities, operations, and capital development of the Broward Center for the Performing Arts. By doing so, the foundation contributes to the presentation of a diverse range of high-quality artistic and cultural programming, including concerts, theater, dance, comedy, and more, at venues such as the Broward Center for the Performing Arts, Parker, Rose and Alfred Miniaci Performing Arts Center, and Aventura Arts and Cultural Center.
In addition to supporting programming, the foundation raises capital funds to maintain and enhance these venues. Recently, it completed two capital campaigns: the Encore Capital Campaign, which aimed to expand, renovate, and revitalize the Broward Center, and the Campaign for the Parker, which focused on restoring the Parker Playhouse. The foundation also manages an endowment fund, designed to provide a reliable source of income in perpetuity to support mission-driven activities.
Education is another significant focus for Broward Performing Arts Foundation Inc. The foundation supports a wide range of educational programming at the Broward Center, which includes the largest free arts-in-education program in the country. This program has served over 3.5 million students to date, offering them the opportunity to attend educational and cultural performances at the Broward Center and its affiliated venues free of charge. Through the Student Enrichment Through the Arts (SEAS) program, over 100,000 public school students attend these performances and participate in curriculum-based activities annually.
Moreover, the foundation's Reading Readiness Through the Theater program brings more than 3,000 at-risk pre-K students and their parents to live literature-based performances annually, fostering an early love for literature and the arts. Broward Performing Arts Foundation Inc is also recognized for its commitment to arts accessibility, with its sensory-inclusive theatrical performances designed to increase access to and engagement with the arts for individuals with developmental disabilities.
In recent years, the foundation has turned its attention to how the arts can help address issues of racial equity by launching Arts for Action: Black Voices, an ongoing series of performances and events that aim to elevate Black artists and bring diverse segments of the community together for social change.
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Impact
July, 2024
Broward Performing Arts Foundation Inc has had a significant impact on the community by supporting a wide variety of high-quality artistic and cultural programming, including concerts, theater, dance, comedy, and more at the Broward Center for the Performing Arts and affiliated venues. In addition to providing diverse and enriching performances, the foundation has made a profound impact through its educational programs, serving over 100,000 students and striving to make the arts more accessible to South Florida's diverse audiences.
By supporting capital campaigns to expand and revitalize performance venues, as well as maintaining an endowment fund for mission-driven activities, the foundation ensures the sustainability of the arts in Broward County. The foundation's commitment to education is evident through programs like Student Enrichment Through the Arts (SEAS), which offers free cultural performances and curriculum-based activities to public school students, and Reading Readiness Through the Theater, which benefits at-risk pre-K students and their parents.
Furthermore, the foundation's dedication to accessibility and diversity is demonstrated through initiatives like sensory-inclusive theatrical performances and the Arts for Action: Black Voices series, which aims to elevate black artists and promote social change. By fostering a vibrant arts scene and advocating for racial equity through the arts, Broward Performing Arts Foundation Inc has made a lasting impact on the cultural landscape of Fort Lauderdale and beyond.
This information is meant to be a general summary of Broward Performing 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: $510,863
- Gross Receipts: $11,647,322
Assets and Liabilities:
- Total Assets: $22,267,625
- Total Liabilities: $6,411,175
- Net Assets: $15,856,450
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Organization Details
Founding Year
1985
Phone
(954) 468-3298Principal Officer
Lisa Kitei
Main Address
201 SW FIFTH AVENUE, FORT LAUDERDALE, FL, 33312
Website
www.browardcenter.orgNTEE Category
Code: A61 - Arts
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