Overview
What is Amant Foundation Usa?
Amant Foundation USA is a nonprofit organization situated in Brooklyn, New York, specifically at 315 Maujer Street. Their primary mission is to promote artistic experimentation and dialogue by offering performance spaces and studios to artists residing in Williamsburg. Established in 2021, the foundation's residency program provides artists with studios, a stipend, and an opportunity to exhibit their work for public viewing. The Amant Foundation U.S.A. invests all its funds into supporting these artistic initiatives, demonstrating a strong commitment to the artistic community in New York City. With a team of 12 dedicated individuals, the foundation is dedicated to providing opportunities for artists who may not otherwise gain exposure in the city's art scene.
Official website here: www.amant.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 37% (Zero-Star out of Four Star rating)
Amant Foundation USA has received a low score of 37% from Charity Navigator, indicating significant concerns regarding its accountability and financial management. One of the major issues highlighted is the complete lack of independent board members, which raises questions about governance and oversight practices within the organization. Despite maintaining a whistleblower policy and documenting board meeting minutes, the foundational governance structure appears to be inadequate.
Financially, the organization shows troubling signs, particularly with a program expense ratio of 39.99%, which suggests a low percentage of funds allocated directly to programs compared to administrative and fundraising costs. The fundraising efficiency is also notably poor, with no funds raised reported. These factors contribute to a concerning financial health outlook, further compounded by low working capital.
On a positive note, the organization does display some strengths, such as having appropriate policies in place for conflict of interest and document retention. Additionally, there have been no reported material diversions of assets, which is a good indicator of financial integrity. However, the overall financial metrics and governance issues present serious limitations that potential donors and stakeholders should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Amant Foundation Usa legitimate?
Amant Foundation Usa is a legitimate nonprofit organization registered as a 501(c)(3) entity. Amant Foundation Usa 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: $1,036,282
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.amant.org
What is the mission statement of Amant Foundation Usa?
The Amant Foundation U.S.A. is committed to fostering artistic innovation and facilitating interdisciplinary dialogue among artists. They achieve this by offering performance spaces and studios to artists in residence in New York City. The residency program provides artists with studios and a stipend, enabling them to create and exhibit their work for public viewing. This opportunity is particularly beneficial for artists who may struggle to showcase their work in the city otherwise. The foundation's resources are solely dedicated to supporting its artistic programs.
Official website here: www.amant.org
Who is the CEO of Amant Foundation Usa?
Leontine Ebers is the Trustee of Amant Foundation Usa.
Official website here: www.amant.org
What is the revenue of Amant Foundation Usa?
Amant Foundation Usa's revenue in 2022 was $3,424,574.
Official website here: www.amant.org
Who are the executives of Amant Foundation Usa and what are their salaries?
The average compensation at Amant Foundation Usa during 2022 was $86,357. There are 12 employees at Amant Foundation Usa.
Here are 4 key members and their salaries:
- Compensation: $204,433
- Related: $0
- Other: $187,049
- Compensation: $198,466
- Related: $0
- Other: $192,210
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.amant.org
Where can I find the form 990 for Amant Foundation Usa?
Amant Foundation Usa's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.amant.org
Learn more at the official website: www.amant.org
Mission Statement of Amant Foundation Usa
Amant Foundation USA, a nonprofit organization, is dedicated to promoting artistic experimentation and fostering dialogue across various disciplines. They accomplish this by offering performance spaces and studios to artists in Williamsburg, New York. The mission of Amant Foundation USA is to support artists through a residency program. Under this program, the foundation provides artists with studios, along with a stipend to live and exhibit their works for public viewing. This residency opportunity is essential for artists who may not otherwise have the chance to showcase their creations in New York City. Amant Foundation USA's efforts are solely focused on supporting the programs at the foundation, with all expenditures directed towards these initiatives.
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Impact
July, 2024
Amant Foundation Usa's impact lies in fostering artistic experimentation and dialogue across disciplines by providing performance spaces and studios to artists in Williamsburg, New York. Since opening in 2021, Amant has successfully hosted inaugural shows and residents, gaining acclaim for its support of artists. Through its residency program, Amant provides artists with studios, stipends for living expenses, and opportunities to exhibit their work to the public. This support enables artists who might not otherwise have the means to showcase their creations in New York City.
This information is meant to be a general summary of Amant Foundation Usa. 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: $3,424,574
Assets and Liabilities:
- Total Assets: $787,690
- Total Liabilities: $153,815
- Net Assets: $633,875
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Organization Details
Founding Year
2019
Phone
(646) 715-7166Principal Officer
Leontine Ebers
Main Address
315 Maujer Street, Brooklyn, NY, 11206
Website
www.amant.orgNTEE Category
Code: A20 - Arts
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