Overview
What is Island Treasure Foundation?
The Island Treasure Foundation is a nonprofit organization situated in Kirkland, Washington. Its primary mission is to recognize and honor individuals who have made significant contributions to the arts and humanities, or have spearheaded efforts that positively impacted their cultural community, primarily on Bainbridge Island or with a principal focus on the island. This community-driven program aims to identify and evaluate creative individuals living or working on Bainbridge Island, showcasing their dedication and commitment to their chosen field.
Official website here: www.islandtreasureawards.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61%, Two-Star out of Four Star rating. The Island Treasure Foundation has received a moderate rating of 61%, indicating some areas of concern, particularly in accountability and financial practices. This rating reflects the organization's strengths in governance, including a fully independent board and no material diversion of assets, which are positive indicators of transparency.
However, the foundation has notable deficiencies in its policies and practices. It lacks essential documents such as a conflict of interest policy, a whistleblower policy, and a document retention policy, which raises questions about its operational transparency and adherence to best practices. Additionally, the absence of the organization's tax form on its website further detracts from its financial accountability.
On the financial side, while the organization has a solid liabilities-to-assets ratio of 3.32% and a program expense ratio of 58.08%, the latter shows that a significant portion of its expenses is not focused on its core programs. Overall, while the Island Treasure Foundation demonstrates strengths in governance, its lack of critical policies and lower program expense ratio suggests areas for significant improvement to enhance its accountability and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Island Treasure Foundation legitimate?
Island Treasure Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Island Treasure 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.islandtreasureawards.org/
What is the mission statement of Island Treasure Foundation?
The Island Treasure Foundation annually honors individuals who have demonstrated outstanding contributions in the arts and humanities or have led initiatives that positively impact their cultural community. This community-driven program aims to recognize and consider creative individuals who have a deep commitment to their chosen field, either living locally or primarily working on Bainbridge Island. The foundation's mission is focused on promoting excellence in the arts and humanities and uplifting these sectors within their community.
Official website here: www.islandtreasureawards.org/
Who is the CEO of Island Treasure Foundation?
Cynthia L Sears is the President of Island Treasure Foundation.
Official website here: www.islandtreasureawards.org/
What is the revenue of Island Treasure Foundation?
Island Treasure Foundation's revenue in 2023 was $79,375.
Official website here: www.islandtreasureawards.org/
Who are the executives of Island Treasure Foundation and what are their salaries?
There 4 volunteers at Island Treasure Foundation.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.islandtreasureawards.org/
Where can I find the form 990 for Island Treasure Foundation?
Island Treasure Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.islandtreasureawards.org/
Learn more at the official website: www.islandtreasureawards.org/
Mission Statement of Island Treasure Foundation
The Island Treasure Foundation is a community-driven program that annually honors individuals who have made remarkable contributions to the arts and humanities, or have spearheaded efforts that have positively impacted their cultural community. The foundation's mission is to recognize and consider creative individuals who reside on Bainbridge Island or whose primary work is based there, demonstrating a sustained commitment to their chosen field. By presenting this award, the Island Treasure Foundation aims to celebrate and elevate the accomplishments of these talented individuals, thereby enriching their cultural community.
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Impact
August, 2024
Island Treasure Foundation's impact can be seen through the recognition and celebration of excellence in the arts and humanities. The Island Treasure Awards are presented annually to individuals who have made outstanding contributions in these fields or have led efforts that benefit the cultural community. This initiative not only identifies and honors creative individuals living on Bainbridge Island or whose work is based there but also highlights their ongoing commitment to their chosen field. Through this program, Island Treasure Foundation plays a crucial role in fostering artistic talent, preserving cultural heritage, and promoting the importance of the arts within the community.
This information is meant to be a general summary of Island Treasure 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 2023.
- Gross Receipts: $79,375
Assets and Liabilities:
- Total Assets: $71,843
- Total Liabilities: $2,387
- Net Assets: $69,456
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Organization Details
Founding Year
2018
Phone
(425) 250-0051Principal Officer
Cynthia L Sears
Main Address
10510 NORTHUP WAY 300, KIRKLAND, WA, 98033
NTEE Category
Code: A20 - Arts
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