Overview
What is Sublette Family Foundation?
The Sublette Family Foundation is a charitable organization, situated in Tucson, Arizona, with a strong focus on funding programs that promote and encourage cultural and artistic endeavors. By distributing funds and artistic works to eligible 501(c)(3) organizations, as chosen by their board of directors, the foundation aligns its resources with projects and needs that align with its mission statement. The Sublette Family Foundation aims to foster education, understanding, appreciation, acquisition, and support of cultural and artistic ventures.
Official website here: www.medicinemangallery.com/donateyourart
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
The Sublette Family Foundation has received a rating of "Needs Improvement" from Charity Navigator, reflecting a score of 73%. The organization demonstrates strong accountability and finance practices, achieving a perfect score of 100% in this category. Notably, it has an independent board with all members meeting the criteria, but issues arise with the overall size of the board, which has not been rated well.
Strengths include the foundation's financial oversight, as indicated by high scores in areas such as material diversion of assets and the program expense ratio. However, the organization faces significant limitations in governance practices, particularly in areas like document retention and the absence of a whistleblower policy. These shortcomings suggest that while the foundation is financially sound, there are aspects of transparency and accountability that require improvement.
Overall, while the Sublette Family Foundation shows promise in financial management and having an independent board, the lack of adherence to certain governance standards may affect its overall effectiveness and trustworthiness. Continued efforts to enhance these areas could lead to better ratings and increased public confidence in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Sublette Family Foundation legitimate?
Sublette Family Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sublette Family Foundation 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.medicinemangallery.com/donateyourart
What is the mission statement of Sublette Family Foundation?
The Sublette Family Foundation is committed to fostering and supporting cultural and artistic endeavors. Its mission is to promote education, understanding, appreciation, acquisition, and ongoing support for these ventures. The foundation accomplishes this by providing financial assistance to qualifying 501(c)(3) organizations, chosen by its board of directors, whose projects and needs align with its mission statement. These funds are intended to advance and sustain cultural and artistic initiatives.
Official website here: www.medicinemangallery.com/donateyourart
Who is the CEO of Sublette Family Foundation?
J Mark Sublette is the President of Sublette Family Foundation.
Official website here: www.medicinemangallery.com/donateyourart
What is the revenue of Sublette Family Foundation?
Sublette Family Foundation's revenue in 2022 was $43,227.
Official website here: www.medicinemangallery.com/donateyourart
Who are the executives of Sublette Family Foundation and what are their salaries?
There 2 volunteers at Sublette Family Foundation.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.medicinemangallery.com/donateyourart
Where can I find the form 990 for Sublette Family Foundation?
Sublette Family Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.medicinemangallery.com/donateyourart
Learn more at the official website: www.medicinemangallery.com/donateyourart
Mission Statement of Sublette Family Foundation
The Sublette Family Foundation is dedicated to fostering and supporting cultural and artistic endeavors. This nonprofit organization serves to encourage education, understanding, appreciation, acquisition, and ongoing support of various cultural and artistic ventures. The Sublette Family Foundation accomplishes this mission by providing funds and resources to qualified 501(c)(3) organizations, selected by their board of directors, whose projects and needs align with the foundation's mission statement. These funds are distributed to support the initiatives that further the appreciation and understanding of cultural and artistic endeavors.
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Impact
August, 2024
The Sublette Family Foundation's impact is centered around fostering education, understanding, appreciation, acquisition, and support of cultural and artistic endeavors. By funding programs and distributing funds or artwork to qualifying 501(c)(3) organizations selected by the board of directors, the foundation plays a crucial role in supporting projects and needs that align with its mission. Through its philanthropic efforts, the Sublette Family Foundation contributes to the enrichment and promotion of cultural and artistic initiatives, ultimately making a meaningful difference in the Tucson, Arizona community and beyond.
This information is meant to be a general summary of Sublette Family Foundation. 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: $16,000
- Gross Receipts: $50,627
Assets and Liabilities:
- Total Assets: $266,808
- Total Liabilities: $0
- Net Assets: $266,808
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Organization Details
Founding Year
2016
Phone
(520) 722-7798Principal Officer
J Mark Sublette
Main Address
6872 E SUNRISE DR 130, TUCSON, AZ, 85750
NTEE Category
Code: T22 - Philanthropy
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