Overview
What is The Arbutus Foundation Inc?
The Arbutus Foundation Inc, based in New York City, New York, is a nonprofit organization committed to fostering projects at the intersection of social, cultural, scientific, and technological fields. Under the leadership of David Byrne, it operates a project named Reasons to Be Cheerful, an online solutions journalism magazine. This platform aims to inspire curiosity about improving the world, grounded in evidence, and encourages individuals to consider their role in driving positive change. The Arbutus Foundation continues to publish free content and has recently expanded its reach through a membership program and partnerships, in addition to its fundraising efforts.
Official website here: www.arbutus.world
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - 70% (Two-Star out of Four Star rating). The Arbutus Foundation Inc has received a two-star rating due to its mixed performance in various accountability and finance metrics. While the foundation excels in areas such as independent board member representation and financial statement transparency, it struggles with issues related to the documentation and posting of its tax forms.
The organization has a strong accountability score of 100%, indicating a commitment to financial integrity and transparency. The majority of the board members are independent, which is a positive sign for governance. However, the foundation lacks adequate independent board members in relation to its size, leading to a poor score in this area. Additionally, the absence of a document retention policy and missing tax forms on its website highlight areas for improvement.
Financially, the foundation maintains a program expense ratio of 72.62%, reflecting a significant portion of its budget directed towards its programs. However, the liabilities to assets ratio stands at an alarming 138.19%, indicating potential financial instability. Overall, while The Arbutus Foundation shows strong governance practices, it faces critical challenges that detract from its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is The Arbutus Foundation Inc legitimate?
The Arbutus Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Arbutus 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: $92,705
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.arbutus.world
What is the mission statement of The Arbutus Foundation Inc?
The Arbutus Foundation Inc, as a nonprofit organization, is dedicated to developing and producing projects at the intersection of social, cultural, scientific, and technological fields. Their flagship project, Reasons to Be Cheerful, is an online solutions journalism magazine, founded by an artist and musician named David Byrne. Byrne believes in approaching the world with curiosity, and Reasons to Be Cheerful embodies this philosophy, applying it to the future of our world. Through stories of hope, rooted in evidence, Reasons to Be Cheerful aims to inspire curiosity about how the world can be better and encourage individuals to be part of the change. The foundation continues to publish free content and has recently launched a membership program, with a focus on expanding partnerships and fundraising.
Official website here: www.arbutus.world
What is the revenue of The Arbutus Foundation Inc?
The Arbutus Foundation Inc's revenue in 2023 was $849,038.
Official website here: www.arbutus.world
Who are the executives of The Arbutus Foundation Inc and what are their salaries?
There 5 volunteers at The Arbutus Foundation Inc.
Here are 6 key members and their salaries:
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- Other: $0
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- Compensation: $92,705
- Related: $0
- Other: $0
Official website here: www.arbutus.world
Where can I find the form 990 for The Arbutus Foundation Inc?
The Arbutus Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.arbutus.world
Learn more at the official website: www.arbutus.world
Mission Statement of The Arbutus Foundation Inc
The Arbutus Foundation Inc, a nonprofit organization, is dedicated to creating and executing projects that intersect social, cultural, scientific, and technological fields. It strives to foster an atmosphere of curiosity and collaboration, seeking to improve the world through various domains. The organization's flagship project, Reasons to Be Cheerful, embodies this philosophy, offering a platform for optimistic journalism and storytelling that encourages exploration of how the world can be made better. Through its publication of free content and the introduction of a membership program, Reasons to Be Cheerful aims to inspire curiosity and engage individuals in the pursuit of positive change. The Arbutus Foundation Inc continually expands its partnerships and fundraising efforts to further its mission of making the world a better place, rooted in evidence and a sense of hope for the future.
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Impact
July, 2024
The Arbutus Foundation Inc's impact is centered around its lead project, Reasons to be Cheerful, an online solutions journalism magazine founded by artist and musician David Byrne. Through this platform, The Arbutus Foundation aims to inspire curiosity about how the world can be better and motivate individuals to be part of positive change. Reasons to be Cheerful publishes stories of hope rooted in evidence, with a mission to encourage people to approach the world with a proactive and constructive mindset. The foundation continues to expand its reach through the publication of free content, launching a membership program, and forging new partnerships and fundraising efforts. Through its activities, The Arbutus Foundation Inc is working to make a meaningful impact at the intersection of social, cultural, scientific, and technological fields.
This information is meant to be a general summary of The Arbutus 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 2023.
- Investment Income: $46,407
- Program Service Revenue: $52,500
- Gross Receipts: $873,490
Assets and Liabilities:
- Total Assets: $291,122
- Total Liabilities: $402,324
- Net Assets: -$111,202
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT FEES AND COMMISS
Revenue
$52,500
Organization Details
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