Overview
What is The Friends Of The Arts School Inc?
The Friends of The Arts School Inc, based in Lexington, Kentucky, is a dedicated nonprofit organization that actively supports the education of children by generating funds, volunteering services, and fostering community awareness for the school. Their primary mission is to nourish creativity, promote academic proficiency, and encourage a respect for human diversity. They achieve this through various initiatives, including sponsoring fundraising projects, performances, and soliciting donations. They also provide scholarships and free productions for needy students, maintain and purchase instruments and equipment, and award teacher and student appreciation awards and activities. Moreover, they offer matching grant money for specific projects, such as Camp Art Smart, and provide funds to teachers for music equipment and supplies. Their ultimate goal is to construct a Performing Arts Center.
Official website here: www.scapafoas.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Friends Of The Arts School Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management, with an overall score based entirely on its Accountability & Finance metrics. The charity excels in areas such as having a majority of independent board members and maintaining a strong liabilities to assets ratio, reflecting fiscal prudence and good governance practices.
However, the organization faces notable limitations, particularly in governance policies. They lack a conflict of interest policy, whistleblower policy, and document retention and destruction policy, which are essential for transparency and ethical operation. Additionally, while the organization maintains documentation of board meeting minutes, they have not posted their tax form on their website as required, which detracts from their overall accountability score.
Despite these shortcomings, the charity's strong program expense ratio suggests that it allocates all its resources directly towards its programs, showcasing its commitment to its mission. Overall, while The Friends Of The Arts School Inc demonstrates effective financial management, improvements in governance practices could enhance its credibility and operational transparency.
This AI summary has been generated from information found on Charity Navigator.
Is The Friends Of The Arts School Inc legitimate?
The Friends Of The Arts School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Friends Of The Arts School 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:
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Official website here: www.scapafoas.org
What is the mission statement of The Friends Of The Arts School Inc?
The Friends of The Arts School Inc's mission is centered around ensuring a superior education for children. They accomplish this by raising funds, providing volunteer services, and fostering community awareness for the school's initiatives aimed at nurturing creativity, promoting academic proficiency, and encouraging respect for human diversity. The organization also has a capital campaign for constructing a performing art center. In addition, they sponsor fundraising projects, performances, and solicit donations. They offer scholarships and free productions for needy students, maintain and provide musical instruments and equipment, and recognize teachers and students through appreciation awards and activities. The Friends of The Arts School Inc also provide matching grant money to SCAPA projects and offer financial support to teachers for music supplies.
Official website here: www.scapafoas.org
What is the revenue of The Friends Of The Arts School Inc?
The Friends Of The Arts School Inc's revenue in 2024 was $26,558.
Official website here: www.scapafoas.org
Who are the executives of The Friends Of The Arts School Inc and what are their salaries?
Here are 14 key members and their salaries:
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Official website here: www.scapafoas.org
Where can I find the form 990 for The Friends Of The Arts School Inc?
The Friends Of The Arts School Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.scapafoas.org
Learn more at the official website: www.scapafoas.org
Mission Statement of The Friends Of The Arts School Inc
The Friends of the Arts School Inc is committed to enhancing the educational experience of children by various means. Their mission is twofold: firstly, they aim to raise funds, provide volunteer services, and foster community awareness for the school, with the objective of nurturing creativity, promoting academic proficiency, and encouraging respect for human diversity. Secondly, they have an ambition to construct a Performing Arts Center through a capital campaign. By sponsoring fundraising projects, supporting performances, soliciting donations, and offering scholarships and free productions to needy students, The Friends of the Arts School Inc plays a significant role in enriching the learning environment and fostering artistic growth. Additionally, they invest in purchasing, leasing, and maintaining instruments and equipment, as well as recognizing teachers and students through appreciation awards and activities. The organization also provides matching grant money to SCAPA projects and offers financial aid to teachers for music equipment and supplies, thereby contributing to the overall improvement of the school's arts program.
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Impact
August, 2024
The Friends Of The Arts School Inc plays a crucial role in enhancing the educational experience for children by generating funds, providing volunteer services, and cultivating community awareness. Their efforts aim to nourish creativity, promote academic proficiency, and foster a respect for human diversity. The organization sponsors fundraising projects, performances, and solicits donations to support various initiatives such as scholarships for needy students, purchasing and maintaining instruments and equipment, and providing teacher and student appreciation awards. Additionally, they provide matching grant money to SCAPA projects and funds to teachers for music, equipment, and supplies. Through these efforts, The Friends Of The Arts School Inc significantly impacts the educational landscape by enriching the arts education experience for children in Lexington, Kentucky.
This information is meant to be a general summary of The Friends Of The Arts School 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 2024.
- Investment Income: $431
- Program Service Revenue: $23,003
- Gross Receipts: $26,558
Assets and Liabilities:
- Total Assets: $600,541
- Total Liabilities: $0
- Net Assets: $600,541
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENTS REVENUE
Revenue
$11,335
ARTWEAR/LEASE INCOME
Revenue
$8,580
SPONSOR INCOME
Revenue
$3,000
BOX TOPS FOR EDUCATION
Revenue
$88
Organization Details
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