Overview
What is Alabama Center For The Arts Foundation?
The Alabama Center for the Arts Foundation is a nonprofit organization, specifically based in Decatur, Alabama. Its primary objective is to provide financial assistance for the Alabama Center for the Arts. This support enables the arts center to continue its operations, promoting creativity and artistic expression within the community. The foundation's mission is deeply rooted in fostering the growth and development of the arts sector, contributing to the cultural richness and enrichment of the local population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating.
The Alabama Center For The Arts Foundation has achieved an 86% rating, indicating a solid level of accountability and financial health. The organization boasts a fully independent board, with 100% of its members meeting this criterion, which demonstrates strong governance. Additionally, the foundation has a high program expense ratio of 96.92%, suggesting that a significant portion of its funds is directed toward its mission-related activities.
Despite these strengths, there are some areas for improvement. Notably, the foundation lacks a whistleblower policy and a document retention and destruction policy, both of which are important for organizational transparency and accountability. These missing elements may raise concerns among stakeholders regarding the foundation's commitment to best practices in governance.
Overall, the Alabama Center For The Arts Foundation demonstrates effective financial management and a strong commitment to its programs while recognizing the need to enhance its governance policies to further strengthen its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Alabama Center For The Arts Foundation legitimate?
Alabama Center For The Arts Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alabama Center For The Arts 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.
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What is the mission statement of Alabama Center For The Arts Foundation?
The Alabama Center For The Arts Foundation's mission is centered around providing financial support for the Alabama Center for the Arts. This mission is aimed at ensuring the arts center has the necessary resources to thrive, thereby contributing to the artistic community and enriching the cultural landscape. The foundation's primary role is to facilitate financial aid, thereby enabling the arts center to carry out its activities effectively.
What is the revenue of Alabama Center For The Arts Foundation?
Alabama Center For The Arts Foundation's revenue in 2024 was $659,141.
Who are the executives of Alabama Center For The Arts Foundation and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Alabama Center For The Arts Foundation?
Alabama Center For The Arts Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Alabama Center For The Arts Foundation
The Alabama Center For The Arts Foundation is dedicated to providing financial aid for the Alabama Center for the Arts. This mission is centered around ensuring the continuation and growth of artistic initiatives at the center. By providing financial support, the foundation plays a crucial role in fostering creativity and artistic expression within the community. Through its efforts, the Alabama Center for the Arts can continue to offer a wide array of artistic programs and events, inspiring and educating individuals of all ages. In essence, the Alabama Center For The Arts Foundation serves as a vital partner in nurturing and sustaining the artistic heritage of the community.
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Impact
July, 2024
The Alabama Center For The Arts Foundation's impact lies in its crucial role of providing financial support for the Alabama Center for the Arts in Decatur, Alabama. Through its activities, the foundation helps to sustain and enhance artistic pursuits in the region, fostering creativity and cultural enrichment. By supporting the Alabama Center for the Arts, the foundation contributes to the growth and development of artistic endeavors, benefiting both the local community and the wider sphere of the arts.
This information is meant to be a general summary of Alabama Center For The Arts 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 2024.
- Investment Income: $27,495
- Gross Receipts: $671,015
Assets and Liabilities:
- Total Assets: $1,435,410
- Total Liabilities: $71,351
- Net Assets: $1,364,059
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Organization Details
Founding Year
2019
Principal Officer
Clint Shelton
NTEE Category
Code: A20 - Arts
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