Overview
What is Foundation For Independent Media Arts?
The Foundation For Independent Media Arts, located in Houston, Texas, functions as a nonprofit organization with a focus on supporting various media arts endeavors. This support encompasses offering financial aid, sponsorship, and enhanced public accessibility for initiatives in film, video, and other media forms. The organization's mission is to foster independent expression and provide engaging opportunities, support, and educational experiences to enrich and expand the artistic lives of creators and audiences. To accomplish this, they conduct educational, cultural, and research programs, operate a center for the media arts, and engage in activities consistent with their mission, such as public media, performances, and presentations, as well as publishing, education, and public relations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63%, Two-Star out of Four Star rating. This rating indicates that the Foundation For Independent Media Arts has some strengths in terms of accountability and finance but also notable areas for improvement. The overall score is heavily based on a single beacon, focusing exclusively on financial practices.
The organization has demonstrated strong governance by having a completely independent board, which earned it full points in that category. Additionally, there has been no material diversion of assets, further showcasing fiscal responsibility. With a high program expense ratio of 78.63%, the foundation seems to prioritize funding its mission-driven activities effectively.
However, the organization has several missing policies, including those related to conflict of interest and whistleblower protections, which have resulted in low scores in those specific areas. The absence of a website listed on the tax form and other documentation also reflects a need for greater transparency and adherence to best practices in nonprofit operations.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Independent Media Arts legitimate?
Foundation For Independent Media Arts is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Independent Media Arts 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
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What is the mission statement of Foundation For Independent Media Arts?
The Foundation for Independent Media Arts exists with a mission to foster and preserve independent expression, particularly in the realms of film, video, and various other media forms. They offer engaging opportunities, support, and educational experiences to enrich and expand the artistic lives of creators and audiences. Operating under charitable and educational purposes, the organization conducts educational, cultural, and research programs, manages a center for media arts, and engages in activities consistent with its mission, such as public media, performances, presentations, exhibitions, panel discussions, media production, publishing, education, and public relations. The foundation's mission is to work towards its primary exempt purposes and provides financial and in-kind support, sponsorship, and heightened public accessibility for a variety of media arts endeavors.
Who is the CEO of Foundation For Independent Media Arts?
Richard D Walker is the President of Foundation For Independent Media Arts.
What is the revenue of Foundation For Independent Media Arts?
Foundation For Independent Media Arts's revenue in 2022 was $49,777.
Who are the executives of Foundation For Independent Media Arts and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Foundation For Independent Media Arts?
Foundation For Independent Media Arts's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Foundation For Independent Media Arts
The Foundation for Independent Media Arts, abbreviated as FIMA, is committed to promoting the creation and preservation of independent expressions in various media forms such as film, video, and others. Their mission is to provide engaging opportunities, support, and educational experiences to enrich and broaden the artistic lives of creators and audiences. FIMA operates for charitable and educational purposes, conducting educational, cultural, and research programs while engaging in activities that further and are consistent with its mission. This includes public media, performances, presentations, and exhibitions, panel discussions, media production, publishing, education, and public relations. The organization provides financial and in-kind support, sponsorship, and heightened public accessibility for a variety of media arts endeavors.
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Impact
August, 2024
The Foundation For Independent Media Arts promotes the creation and preservation of independent expression, including film, video, and other forms of media. It offers engaging opportunities, support, and educational experiences to enrich and expand the artistic life of creators and audiences. The organization conducts educational, cultural, and research programs, operates a center for the media arts, and engages in activities such as public media and performances, presentations and exhibitions, panel discussions, media production, publishing, education, and public relations. Through its efforts, the Foundation For Independent Media Arts contributes to the growth and development of media arts, fostering creativity and innovation within the community.
This information is meant to be a general summary of Foundation For Independent Media Arts. 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.
- Gross Receipts: $1,407,830
Assets and Liabilities:
- Total Assets: $184,207
- Total Liabilities: $3,355
- Net Assets: $180,852
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Organization Details
Founding Year
2017
Phone
(713) 540-4477Principal Officer
Richard D Walker
Main Address
PO BOX 218516, HOUSTON, TX, 77218
NTEE Category
Code: A03 - Arts
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