Overview
What is Robot Heart Foundation Inc?
Robot Heart Foundation Inc, based in New York City, is a nonprofit organization dedicated to fostering public appreciation of the arts. They achieve this mission by organizing artistic events and exhibitions, showcasing various forms of music, visual arts, art installations, and performing arts. Additionally, the foundation supports artists by providing grants to help produce their artworks. Furthermore, the foundation extends its charitable contributions to other Section 501(C)(3) organizations. In 2021, Robot Heart Foundation made history in Central Park's Wollman Rink, bringing live music back to the venue after a 43-year hiatus, thereby showcasing its cultural influence in the arts scene.
Official website here: www.robotheartfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Robot Heart Foundation Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in certain operational areas. While the organization scored high in accountability and finance, showcasing strong governance practices like a majority independent board and effective policies, it struggled with financial transparency, particularly in providing comprehensive financial statements.
Despite the strengths in board governance and operational policies, the foundation's lack of independent board size and substantial financial documentation has raised concerns. This has contributed to the organization's overall rating, underscoring the importance of transparency and clarity in financial reporting to build trust with stakeholders and potential donors.
The scoring highlights a solid performance in financial ratios, indicating effective management of program expenses and fundraising efficiency. However, the low score in working capital ratio suggests potential issues with liquidity, which could affect the organization's ability to sustain its operations in the long term. Addressing these limitations will be crucial for enhancing its ratings and overall impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Robot Heart Foundation Inc legitimate?
Robot Heart Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Robot Heart 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.robotheartfoundation.org
What is the mission statement of Robot Heart Foundation Inc?
The Robot Heart Foundation Inc was established with the mission to foster public appreciation for the arts. They achieve this by organizing artistic events and exhibitions featuring music, visual arts, art installations, and performing arts. Additionally, they provide grants to artists to produce new artworks and offer funding to other charitable organizations under Section 501(C)(3). By doing so, the foundation aims to support and promote various artistic expressions, enriching the cultural landscape for a wide audience.
In practice, the foundation has showcased its dedication to its mission by hosting events like Fare Forward in New York City. This event, which brought live music back to Central Park's Wollman Rink after a 43-year hiatus, provided an opportunity for dozens of performing and visual artists to share their unique talents with a vast audience. The Robot Heart Foundation's activities create an engaging and diverse platform for artists and the public to connect and celebrate the arts.
Official website here: www.robotheartfoundation.org
Who is the CEO of Robot Heart Foundation Inc?
Robert Torti is the Treasurer of Robot Heart Foundation Inc.
Official website here: www.robotheartfoundation.org
What is the revenue of Robot Heart Foundation Inc?
Robot Heart Foundation Inc's revenue in 2022 was $2,655,460.
Official website here: www.robotheartfoundation.org
Who are the executives of Robot Heart Foundation Inc and what are their salaries?
There 150 volunteers at Robot Heart Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.robotheartfoundation.org
Where can I find the form 990 for Robot Heart Foundation Inc?
Robot Heart Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.robotheartfoundation.org
Learn more at the official website: www.robotheartfoundation.org
Mission Statement of Robot Heart Foundation Inc
The Robot Heart Foundation, established with a mission to foster public appreciation of the arts, achieves this objective through various means. Primarily, the organization conducts artistic events and exhibitions featuring a diverse range of mediums, including music, visual arts, art installations, and performing arts. Secondly, Robot Heart Foundation extends financial support to artists, enabling them to produce their own pieces of art. Lastly, the foundation makes grants to other section 501(C)(3) organizations for charitable purposes. By employing these strategies, Robot Heart Foundation contributes significantly to the artistic community and fosters a broader understanding and appreciation of the arts.
In executing its mission, the Robot Heart Foundation has demonstrated its commitment to promoting creativity and innovation. For instance, in New York City, the foundation organized an event called "Fare Forward," which brought together numerous performing and visual artists. This event took place in Central Park's Wollman Rink, marking the first time live music had been heard there in over 43 years. With thousands of attendees and a diverse lineup, "Fare Forward" provided the foundation with an opportunity to share its unique musical and cultural experience in one of the city's most iconic venues. Through such events, the Robot Heart Foundation continues to advance public appreciation of the arts and provide a platform for artists to showcase their talents.
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Impact
July, 2024
Robot Heart Foundation Inc has had a significant impact on advancing public appreciation of the arts through its artistic events and exhibitions featuring music, visual arts, art installations, and performing arts. By conducting events like FARE FORWARD in New York, where the original Robot Heart bus made its debut outside of the desert, the foundation has brought live music to iconic venues and showcased a diverse lineup of talented artists to thousands of attendees. Additionally, the foundation's grants to artists to produce artworks and support other charitable organizations further contribute to the cultural enrichment of communities.
This information is meant to be a general summary of Robot Heart 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 2022.
- Gross Receipts: $3,421,885
Assets and Liabilities:
- Total Assets: $7,774
- Total Liabilities: $0
- Net Assets: $7,774
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Organization Details
Founding Year
2017
Phone
(212) 381-6133Principal Officer
Robert Torti
Main Address
109 NORFOLK STREET 2, NEW YORK, NY, 10002
Website
www.robotheartfoundation.orgNTEE Category
Code: A20 - Arts
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