Overview
What is Greater Artesia Foundation?
The Greater Artesia Foundation is a nonprofit organization situated in Artesia, New Mexico. With a focus on education, community improvement, and youth development, they serve as a fiscal agent for projects that lack an established exempt organization. One of their notable initiatives is Senior Salute, an indoor lock-in event held for Artesia High School graduates to ensure their safety on graduation night. The event includes various activities, such as casino games, dancing, and sports, with seniors earning points for prizes donated by local merchants. Staying until the morning awards each senior an incentive of approximately $200. The foundation's ultimate mission is to enhance the well-being of United States and Eddy County, New Mexico, inhabitants by supporting charitable projects.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Greater Artesia Foundation has received an impressive rating of 94%, indicating a strong commitment to accountability and financial health. This high score reflects the organization's effective governance practices, highlighted by a fully independent board of directors and comprehensive policies regarding conflicts of interest, whistleblower protections, and document retention. Such measures demonstrate the foundation's dedication to transparency and responsible management.
The foundation excels in its financial stewardship, as evidenced by a program expense ratio of 97.36%, meaning that nearly all of its expenditures are directed toward its programs rather than administrative costs. Additionally, the foundation has a zero liabilities to assets ratio, which further emphasizes its solid financial footing and ability to sustain its operations without debt.
While the data showcases many strengths, ongoing vigilance in maintaining these standards will be vital for the foundation's future success. Overall, the Greater Artesia Foundation presents a compelling case for those looking to support nonprofit initiatives with an assurance of responsible governance and impactful use of funds.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Artesia Foundation legitimate?
Greater Artesia Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Artesia 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
What is the mission statement of Greater Artesia Foundation?
The Greater Artesia Foundation serves as a fiscal agent, supporting education, community improvement, and youth development projects that lack a recognized exempt organization. Its mission, in essence, is to enhance the overall well-being of individuals in the United States, with a particular focus on communities, like Eddy County, New Mexico. The foundation accomplishes this by acting as a sponsor for charitable projects, promoting mental, moral, intellectual, physical, and economic welfare. As a part of its activities, it organized an event called Senior Salute, aiming to ensure the safety of high school graduates on their graduation night by hosting an indoor lock-in event filled with games, dancing, and prizes.
Who is the CEO of Greater Artesia Foundation?
Peyton Yates is the President / Director of Greater Artesia Foundation.
What is the revenue of Greater Artesia Foundation?
Greater Artesia Foundation's revenue in 2022 was $100,027.
Who are the executives of Greater Artesia Foundation and what are their salaries?
There 150 volunteers at Greater Artesia Foundation.
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
Where can I find the form 990 for Greater Artesia Foundation?
Greater Artesia Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Greater Artesia Foundation
The Greater Artesia Foundation serves as a fiscal agent, supporting education, community improvement, and youth development projects locally for charitable initiatives that lack an established organization. This nonprofit organization's mission, as stated, is to advance the mental, moral, intellectual, physical, and economic well-being of individuals living in the United States, with a particular focus on the inhabitants of Eddy County, New Mexico. By acting as a fiscal sponsor for such projects, the Greater Artesia Foundation aims to contribute to the betterment of these communities, providing them with the necessary resources and support to thrive.
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Impact
October, 2024
Greater Artesia Foundation has made a significant impact in the Artesia community, particularly in promoting safety and well-being among high school graduates. One of its notable initiatives, the Senior Salute, successfully engaged 151 graduating seniors—representing an impressive 78.6% of the class—along with their guests in a series of activities designed to provide a safe and celebratory environment on graduation night.
This indoor lock-in event, lasting until the early morning hours post-graduation, offered a variety of entertainment options, including casino-style games, dancing, Minute-to-Win-It challenges, and sports activities. Participants not only experienced a fun night of festivities but also had the chance to win prizes donated by local businesses. The initiative effectively incentivized students to stay through the night, awarding each senior who remained until the morning a cash prize of approximately $200.
By facilitating events like the Senior Salute, Greater Artesia Foundation plays a crucial role in fostering community improvement and youth development, ensuring that significant milestones such as high school graduation are celebrated in a safe and supportive environment.
This information is meant to be a general summary of Greater Artesia 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 2022.
- Investment Income: $7,500
- Program Service Revenue: $1,856
- Gross Receipts: $101,052
Assets and Liabilities:
- Total Assets: $743,279
- Total Liabilities: $0
- Net Assets: $743,279
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Book Sales
Revenue
$1,380
Peter Hurd Mural Promo Items
Revenue
$476
Organization Details
Founding Year
1976
Phone
(575) 736-3257Principal Officer
Peyton Yates
Main Address
PO Box 1344, Artesia, NM, 882111344
NTEE Category
Code: Z99 - Unknown
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