Overview
What is The Stephen Foster Drama Association Inc?
The Stephen Foster Drama Association Inc, located in Bardstown, Kentucky, serves as a nonprofit organization dedicated to fostering education and the preservation of historical and cultural heritage in the local area. Their mission involves promoting progress and development, aiming to enhance the welfare of the community. By doing so, they contribute to the area's cultural advancement and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 42%, Zero-Star out of Four Star Rating.
The Stephen Foster Drama Association Inc has received a low rating, indicating significant concerns regarding its accountability and financial practices. The score reflects a primary focus on the Accountability & Finance category, which received a score of 42%. While the organization has a fully independent board and adheres to some financial oversight practices, several critical policies such as conflict of interest, whistleblower, and document retention policies are missing, contributing to its overall low score.
Despite some strengths, including good board independence and no reported material diversion of assets, the nonprofit's failure to maintain transparency through its website and the absence of key governance policies raise red flags. Additionally, its program expense ratio is low at 49.19%, suggesting that a smaller proportion of its funds are directed toward programmatic activities, which may indicate inefficiencies in resource allocation.
Overall, the Stephen Foster Drama Association faces substantial challenges in governance and financial management, which potential donors and supporters should consider carefully. The organization's need for improvement in transparency and accountability practices is evident, and these factors could impact its ability to attract funding and support moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is The Stephen Foster Drama Association Inc legitimate?
The Stephen Foster Drama Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Stephen Foster Drama Association 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
Professional Fundraising Fees: $0
Other Salaries and Wages: $306,654
For more financial information, click here
What is the mission statement of The Stephen Foster Drama Association Inc?
The Stephen Foster Drama Association's mission is centered around education and advocacy for the preservation and development of historical and cultural welfare. They strive to promote progress in this area, serving a location not specified in the information. Their activities aim to enhance understanding and appreciation of the past and foster cultural growth.
What is the revenue of The Stephen Foster Drama Association Inc?
The Stephen Foster Drama Association Inc's revenue in 2022 was $625,956.
Who are the executives of The Stephen Foster Drama Association Inc and what are their salaries?
The average compensation at The Stephen Foster Drama Association Inc during 2022 was $3,098. There are 99 employees and 20 volunteers at The Stephen Foster Drama Association Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for The Stephen Foster Drama Association Inc?
The Stephen Foster Drama Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Stephen Foster Drama Association Inc
The Stephen Foster Drama Association, with a focus on education, is dedicated to the preservation and promotion of historical and cultural welfare, progress, and development in its surrounding area. Acting as a catalyst for advancement, this nonprofit organization strives to educate the community about its rich cultural heritage. By fostering an appreciation for the past, the association aims to inspire progress and development, ensuring a vibrant and enriched future for all.
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Impact
July, 2024
The Stephen Foster Drama Association Inc has a significant impact on the educational and cultural welfare of Bardstown, KY, and the surrounding area. Through its mission to educate and promote the preservation of historical and cultural heritage, the association plays a vital role in fostering progress and development in the community. By focusing on the arts, the organization enriches the lives of residents and visitors, contributing to the overall vibrancy and vitality of the region.
This information is meant to be a general summary of The Stephen Foster Drama Association 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: $116
- Program Service Revenue: $224,711
- Gross Receipts: $698,714
Assets and Liabilities:
- Total Assets: $217,603
- Total Liabilities: $16,460
- Net Assets: $201,143
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$224,711
Organization Details
Founding Year
1957
Principal Officer
Johnny Warren
NTEE Category
Code: A650 - Arts
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