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Triple Aught Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 880400144 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Triple Aught Foundation?

The Triple Aught Foundation is a nonprofit organization situated in New York, specifically at 499 7th Avenue 14S, New York, NY 10018. Their primary mission is to oversee and manage Michael Heizer's monumental sculpture, titled "City (1970-)", located in Garden Valley, Nevada. This artistic project is a significant part of their activities, ensuring its continued operation and preservation. With a team of 12 dedicated individuals, the Triple Aught Foundation plays a crucial role in upholding the artistic legacy of Michael Heizer's masterpiece.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement

The Triple Aught Foundation has received a two-star rating from Charity Navigator, indicating that the organization requires significant improvements in its operations, particularly in accountability and finance. With an overall score of 67%, the foundation struggles with the lack of independent board members and missing financial statements, which are critical for transparency and trust.

Despite these limitations, the foundation demonstrates strong performance in certain financial metrics, like a high program expense ratio of 89.37% and an impressive working capital ratio of 5.49 years. This suggests that when funds are allocated, they are primarily directed towards the organization's programs rather than administrative costs. Additionally, the organization has a solid record concerning asset diversion and has implemented a conflict of interest policy.

However, the absence of essential policies, such as those for whistleblower protection and document retention, alongside a lack of independent oversight on the board, hampers its credibility. To enhance its rating and public trust, the Triple Aught Foundation will need to address these governance issues and improve its financial transparency.


This AI summary has been generated from information found on Charity Navigator.

Is Triple Aught Foundation legitimate?

Triple Aught Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Triple Aught 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: $445,124

For more financial information, click here

What is the mission statement of Triple Aught Foundation?

The Triple Aught Foundation's mission is centered around managing and maintaining Michael Heizer's monumental sculpture, titled "City" (1970-), located in Garden Valley, Nevada. The organization's primary role is to oversee and operate this significant art installation, ensuring its preservation and continued public accessibility. By doing so, the Triple Aught Foundation contributes to the appreciation and understanding of contemporary art and its impact on society.

Who is the CEO of Triple Aught Foundation?

Michael Heizer is the President of Triple Aught Foundation.

What is the revenue of Triple Aught Foundation?

Triple Aught Foundation's revenue in 2022 was $6,194,475.

Who are the executives of Triple Aught Foundation and what are their salaries?

The average compensation at Triple Aught Foundation during 2022 was $37,094. There are 12 employees at Triple Aught Foundation.


Here are 12 key members and their salaries:


Michael Heizer (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Govan (Co-Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elaine Wynn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Wright (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glenn Lowry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alexis Lowry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Tenenbaum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kara Vander Weg (Co-Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Emily Wei Rales (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dana Lee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Booth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rod Bigelow (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Triple Aught Foundation?

Triple Aught Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Triple Aught Foundation

The Triple Aught Foundation is dedicated to managing and maintaining Michael Heizer's monumental sculpture, titled "City" (1970-), located in Garden Valley, Nevada. Their mission is to oversee the operations and ensure the preservation of this significant artistic piece, which has garnered recognition as a monumental sculpture. The foundation's role is crucial in maintaining the sculpture's integrity and ensuring that it continues to be accessible for public appreciation. By overseeing the operations of "City," the Triple Aught Foundation contributes to the artistic and cultural landscape, fostering an appreciation for monumental sculptures and supporting the artistic vision of Michael Heizer.

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Impact




July, 2024

Triple Aught Foundation's impact is centered around overseeing and operating Michael Heizer's monumental sculpture, City (1970-), located in Garden Valley, Nevada. By ensuring the maintenance and functioning of this significant artwork, the foundation contributes to the preservation and promotion of arts and cultural heritage. Through their focused mission, Triple Aught Foundation plays a key role in supporting the artistic legacy and impact of Michael Heizer's monumental sculpture in the art world.




This information is meant to be a general summary of Triple Aught 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.

Revenue
$6,194,475 (2022)
Expenses
$1,088,586 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1
  • Gross Receipts: $6,194,475

Assets and Liabilities:

  • Total Assets: $5,704,245
  • Total Liabilities: $79,284
  • Net Assets: $5,624,961

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Organization Details

Founding Year

1998

Principal Officer

Michael Heizer

Main Address

CO GOLDGLIT CO 499 7 AVE 14S, NEW YORK, NY, 10018

NTEE Category

Code: A510 - Arts

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