Overview
What is Fund For The Arts Inc?
Fund For The Arts Inc, based in Louisville, Kentucky, is a dedicated nonprofit organization that advocates for art as an essential component of community life. Their mission is to foster a vibrant and engaged arts community, where everyone recognizes their role as an artist and contributes to its growth. They achieve this by generating resources, investing in local arts, artists, and organizations, and providing various support services. Their initiatives include Arts in Institutions, Arts in Learning, Arts in Neighborhoods, and Cultural Pass, aiming to promote arts education, community engagement, and accessibility. The I Am An Artist campaign further encourages self-expression and embraces the artistic identity within the community. With a focus on equity and inclusion, the Fund for the Arts strives to empower every resident and celebrate the diverse artistic landscape of Louisville.
Official website here: www.fundforthearts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
Fund For The Arts Inc has achieved a remarkable Four-Star rating, reflecting its overall dedication to transparency and effective management. The charity’s high marks in Accountability & Finance (100%) and Leadership & Adaptability (100%) indicate a strong commitment to ethical practices and sound financial health. Notably, the organization boasts a 100% independent board, which enhances its credibility and governance.
The charity excels in its financial metrics, with an impressive program expense ratio of 81.39%, demonstrating that a significant portion of its funding directly supports its mission. Additionally, its fundraising efficiency ratio of $0.11 indicates a cost-effective approach to raising funds, ensuring that more resources are allocated to programs rather than administrative overhead. The organization also actively collects and uses feedback, achieving perfect scores in both categories.
Despite its strengths, the lower scores in Leadership & Adaptability (16%) and Culture & Community (10%) suggest there are areas for improvement. These scores point to potential gaps in community engagement and leadership practices. Overall, Fund For The Arts Inc stands out as a well-managed nonprofit with a strong financial footing, though it could enhance its impact by focusing on its leadership and community involvement strategies.
This AI summary has been generated from information found on Charity Navigator.
Is Fund For The Arts Inc legitimate?
Fund For The Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fund 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: $408,252
Professional Fundraising Fees: $0
Other Salaries and Wages: $847,854
For more financial information, click here
Official website here: www.fundforthearts.org
What is the mission statement of Fund For The Arts Inc?
The Fund for the Arts Inc's mission is centered around enhancing the overall health and well-being of their community. They achieve this by actively generating resources, making investments, and providing support to local arts, artists, and arts organizations. The organization believes in the inherent right of art as a human expression, striving for a community where everyone appreciates art, contributes to the arts sector, and feels included in the arts community.
Official website here: www.fundforthearts.org
Who is the CEO of Fund For The Arts Inc?
Andre Guess is the President & Ceo of Fund For The Arts Inc. The CEO's salary of Fund For The Arts Inc is $262,373 and their total compensation is $262,373.
Official website here: www.fundforthearts.org
What is the revenue of Fund For The Arts Inc?
Fund For The Arts Inc's revenue in 2023 was $5,743,197.
Official website here: www.fundforthearts.org
Who are the executives of Fund For The Arts Inc and what are their salaries?
The average compensation at Fund For The Arts Inc during 2023 was $59,815. There are 21 employees and 100 volunteers at Fund For The Arts Inc.
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Official website here: www.fundforthearts.org
Where can I find the form 990 for Fund For The Arts Inc?
Fund For The Arts Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fundforthearts.org
Learn more at the official website: www.fundforthearts.org
Mission Statement of Fund For The Arts Inc
The Fund for the Arts Inc is committed to enhancing the well-being of its community by actively engaging in the generation and allocation of resources for local arts, artists, and arts organizations. With a vision that art is an essential element of human existence, the nonprofit aims to foster a society where everyone appreciates and contributes to the artistic sphere. The organization's mission is to promote a thriving arts community, ensuring that art is accessible and inclusive for all members of the community. By investing in and supporting local talent and organizations, the Fund for the Arts Inc strives to create a vibrant and healthy community, where everyone, regardless of background, recognizes and values the role of art in their lives.
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Impact
July, 2024
Fund For the Arts Inc contributes to the overall health and well-being of our community by generating resources for, investing in, and supporting our local arts, artists, and arts organizations. Through various programs and initiatives such as Arts in Institutions, Cultural Pass, Arts in Learning, Arts in Neighborhoods, and I Am An Artist, the organization aims to build a stronger community by investing in a broad range of arts and artists across the region.
For example, the Arts in Institutions initiative provides unrestricted operating support to nonprofit arts organizations in the Greater Louisville area, ensuring their ongoing capacity to fulfill their mission and drive community impact. Cultural Pass offers free access to arts and cultural activities for families with children, promoting a lifelong love of art and culture. Arts in Learning supports curriculum-based arts programs in schools, enhancing learning through arts for students of all ages. Arts in Neighborhoods fosters community-centric arts events and experiences, strengthening neighborhood bonds.
Additionally, the "I Am An Artist" campaign inspires and empowers individuals in the community to reclaim their artistic identity, breaking down barriers about what constitutes art and who can be an artist. By engaging with the arts in various ways, Fund For the Arts Inc works towards creating a more inclusive, vibrant, and connected community where everyone can participate in and benefit from the arts.
This information is meant to be a general summary of Fund 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 2023.
- Investment Income: $287,608
- Gross Receipts: $7,842,859
Assets and Liabilities:
- Total Assets: $8,780,146
- Total Liabilities: $858,726
- Net Assets: $7,921,420
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Organization Details
Founding Year
1945
Phone
(502) 582-0100Principal Officer
Andre Guess
Main Address
623 W Main, Louisville, KY, 40202
Website
www.fundforthearts.orgNTEE Category
Code: A120 - Arts
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