Overview
What is School Of The Arts Foundation Inc?
School of the Arts Foundation Inc, based in West Palm Beach, Florida, is a nonprofit organization dedicated to supporting the Alexander W Dreyfoos School of the Arts. Their primary mission is to raise funds for the enhancement of the school's artistic and academic programs. They achieve this by generating economic and community support, as well as engaging in charitable, scientific, literary, and educational activities. The funds raised by the foundation are utilized for curriculum enhancements that are not covered by the school district. Specifically, they provide supplemental school funding for students in six art disciplines, supporting long-term enrichment programs through equipment, materials, guest teachers, and speakers, among other resources. With a team of six dedicated individuals, the foundation plays a vital role in enriching the educational experience for students at the internationally recognized Alexander W Dreyfoos School of the Arts.
Official website here: www.soafi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
The School Of The Arts Foundation Inc has earned a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. This high score reflects the foundation's commitment to transparency and responsible financial management, which is vital for fostering trust among donors and stakeholders.
Their strengths are evident, with a fully independent board and robust financial oversight mechanisms in place. The organization's adherence to best practices is reflected in their perfect scores for board independence, financial statements, and various governance policies, ensuring that they operate ethically and effectively.
While the data does not highlight any specific limitations or weaknesses, the focus remains primarily on financial accountability, which is a crucial aspect for nonprofits. Overall, the School Of The Arts Foundation Inc demonstrates a solid framework for governance and fiscal responsibility, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is School Of The Arts Foundation Inc legitimate?
School Of The Arts Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. School Of The 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: $182,269
Professional Fundraising Fees: $0
Other Salaries and Wages: $314,837
For more financial information, click here
Official website here: www.soafi.org
What is the mission statement of School Of The Arts Foundation Inc?
The School of the Arts Foundation Inc's mission is centered around supporting the Alexander W Dreyfoos School of the Arts. Their primary objective is to raise funds and generate community support for the institution. Beyond this, they aim to enhance the school's artistic and academic programs through supplemental funding. Funds are allocated for curriculum enhancements that cannot be covered by the school district. This includes providing resources for equipment, materials, guest teachers, and speakers, as well as long-term enrichment programs. The foundation's activities also extend to providing costumes and supplies, contributing to the overall growth and development of the internationally recognized school.
Official website here: www.soafi.org
Who is the CEO of School Of The Arts Foundation Inc?
Chris Snyder is the Executive Director of School Of The Arts Foundation Inc.
Official website here: www.soafi.org
What is the revenue of School Of The Arts Foundation Inc?
School Of The Arts Foundation Inc's revenue in 2023 was $3,329,036.
Official website here: www.soafi.org
Who are the executives of School Of The Arts Foundation Inc and what are their salaries?
The average compensation at School Of The Arts Foundation Inc during 2023 was $82,851. There are 6 employees at School Of The Arts Foundation Inc.
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Official website here: www.soafi.org
Where can I find the form 990 for School Of The Arts Foundation Inc?
School Of The Arts Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.soafi.org
Learn more at the official website: www.soafi.org
Mission Statement of School Of The Arts Foundation Inc
The School of the Arts Foundation Inc is dedicated to supporting the Alexander W Dreyfoos School of the Arts and promoting charitable, educational, literary, and scientific activities for the institution. Their primary mission is to enrich the artistic and academic programs at this internationally recognized school. The foundation raises funds to supplement the curriculum, providing resources that cannot be covered by the school district. These funds are utilized for various purposes, such as purchasing curriculum enhancements, including equipment, materials, guest teachers, and speakers. They also support long-term enrichment programs, ensuring that students in each of the six art disciplines have access to the necessary resources to excel in their studies.
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Impact
July, 2024
School Of The Arts Foundation Inc's impact is significant in enhancing the art and academic programs at the internationally recognized Alexander W Dreyfoos School of the Arts. The foundation provides supplemental school funding to assist students in various art disciplines, thereby supporting their growth and development. Additionally, the funds are allocated towards long-term enrichment programs, including acquiring equipment and materials, inviting guest teachers and speakers, and providing costumes and supplies. By generating economic and community support, the foundation plays a crucial role in ensuring that the school can offer curriculum enhancements that may not be funded through the school district, ultimately fostering a rich and vibrant artistic environment for students.
This information is meant to be a general summary of School Of The 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 2023.
- Investment Income: $668,100
- Gross Receipts: $8,751,938
Assets and Liabilities:
- Total Assets: $11,651,038
- Total Liabilities: $389,487
- Net Assets: $11,261,551
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Organization Details
Phone
(561) 805-6298Principal Officer
Chris Snyder
Main Address
PO Box 552, West Palm Beach, FL, 33402
Website
www.soafi.orgNTEE Category
Code: A25 - Arts
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