Overview
What is Alwan Foundation Inc?
Alwan Foundation Inc, based in New York City, New York, is a nonprofit organization that focuses on cultural and educational activities. They are renowned for showcasing a variety of Middle Eastern cultural events, thereby promoting cross-cultural encounters and artistic enrichment. Their offerings extend beyond performances and concerts, encompassing film screenings, classes, lectures, and a fiscal sponsorship program. These initiatives serve to both engage their local community and educate a broader public, thus fostering a deeper understanding of Middle Eastern culture. The Foundation's headquarters are located at 407 WEST 40TH STREET APT 3B, New York, NY 10018.
Official website here: www.alwanfortheart.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 62% (Two-Star out of Four Star rating)
The Alwan Foundation Inc has achieved a 62% score, which translates to a Two-Star rating. This score is derived solely from the Accountability & Finance beacon. While the foundation has demonstrated strong accountability measures, such as having a conflict of interest policy and a whistleblower policy, it lacks independent board members, which is a significant aspect of governance.
With a program expense ratio of 87.95%, the organization allocates a large portion of its resources to its programs, indicating a commitment to its mission. However, the foundation faces challenges in its financial health, as evidenced by a liabilities to assets ratio of 390.30%, which raises concerns about its long-term sustainability. Additionally, the absence of its tax form on the nonprofit's website detracts from transparency efforts.
Overall, while the Alwan Foundation Inc exhibits strengths in some governance areas, the lack of independent board members and financial concerns suggest areas for improvement that could enhance its accountability and credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Alwan Foundation Inc legitimate?
Alwan Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alwan 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.alwanfortheart.org
What is the mission statement of Alwan Foundation Inc?
The Alwan Foundation Inc, through its cultural and educational activities, strives to serve its community and enlighten a broader public. It accomplishes this by presenting a variety of Middle Eastern cultural events, thereby fostering cross-cultural and artistic encounters. The foundation's initiatives include hosting concerts and performances, organizing film screenings, providing classes, conducting lectures, and offering fiscal sponsorship programs. This multifaceted approach aims to promote cultural understanding and artistic exchange, enriching the community and broader public alike.
Official website here: www.alwanfortheart.org
What is the revenue of Alwan Foundation Inc?
Alwan Foundation Inc's revenue in 2021 was $125,000.
Official website here: www.alwanfortheart.org
Who are the executives of Alwan Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.alwanfortheart.org
Where can I find the form 990 for Alwan Foundation Inc?
Alwan Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.alwanfortheart.org
Learn more at the official website: www.alwanfortheart.org
Mission Statement of Alwan Foundation Inc
Alwan Foundation Inc, a nonprofit organization, is dedicated to enriching its community and broadening public understanding by showcasing a spectrum of Middle Eastern cultural events. This cultural institution serves as a platform for cross-cultural and artistic encounters, hosting a variety of activities such as concerts, performances, film screenings, classes, lectures, and fiscal sponsorship programs. Through these events, Alwan Foundation Inc aims to educate and engage the broader public, fostering a deeper appreciation and understanding of Middle Eastern culture and arts.
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Impact
October, 2024
Alwan Foundation Inc significantly impacts the cultural landscape by showcasing Middle Eastern arts and culture through a diverse array of events. By organizing concerts, performances, film screenings, classes, and lectures, the foundation enriches the educational and cultural experiences available in New York. This commitment not only serves the local community but also educates the broader public about Middle Eastern traditions, fostering cross-cultural understanding and appreciation. Through its fiscal sponsorship programs, Alwan further supports artists and initiatives that contribute to a vibrant artistic community, ensuring that these cultural expressions are accessible and celebrated. Overall, Alwan Foundation Inc plays a vital role in enhancing the cultural narrative and artistic dialogue within and beyond its immediate community.
This information is meant to be a general summary of Alwan 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 2021.
- Program Service Revenue: $12,000
- Gross Receipts: $125,000
Assets and Liabilities:
- Total Assets: $15,763
- Total Liabilities: $61,523
- Net Assets: -$45,760
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Organization Details
Founding Year
2000
Principal Officer
Anny Anny Bakalian
Website
www.alwanfortheart.orgNTEE Category
Code: A23 - Arts
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