Overview
What is Artsfund?
Artsfund is a dedicated nonprofit organization based in Seattle, Washington. Their primary mission is to fortify their community by fostering the arts through advocacy, leadership, and grant-making initiatives. By following an allocation process, Artsfund provides operational support to eligible IRC 501(C)(3) arts organizations, taking into account each organization's mission, art, management, financial condition, and commitment to and impact on the community. In the fiscal year ending September 30, 2022, Artsfund granted operating support to 64 such organizations. With a modest workforce of 14 employees, this nonprofit plays a vital role in promoting and sustaining the arts within their community.
Official website here: www.artsfund.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 99%, Four-Star out of Four Star rating.
Artsfund has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With an overall score derived from various metrics, Artsfund excels particularly in Accountability & Finance, earning a perfect 100%. This suggests robust financial practices and transparency, which are vital for donor trust and sustainability.
The organization also shines in Leadership & Adaptability and Culture & Community, both scoring high at 100% and 93%, respectively. This indicates a highly effective governance structure and a positive community impact, supported by a fully independent board of 29 members. Artsfund's program expense ratio of 91.12% demonstrates that the vast majority of its resources are directed towards its mission-related activities.
While Artsfund shows significant strengths, it also has a working capital ratio of 0.57 years, which could imply potential challenges in financial liquidity. However, its liabilities to assets ratio remains very low at 1.01%, further underscoring its effective financial management. Overall, Artsfund presents itself as a highly trustworthy and impactful organization.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Artsfund?
Two user reviews on Facebook highlight the impactful mission of Artsfund. One reviewer emphasizes the nonprofit's commitment to using art as a vital means of community education, suggesting that their engagement efforts extend significantly to various societal groups.
While the number of reviews is limited, the sentiment expressed is clearly positive, showcasing an appreciation for Artsfund's role in promoting art's importance within the community. The unfiltered commentary indicates that supporters believe in the organization's potential to make a difference through its initiatives.
Overall, the feedback reflects a strong recommendation for Artsfund, portraying it as a valuable resource for educating and inspiring the community through artistic endeavors.
This AI summary has been generated from reviews found on Facebook.
Is Artsfund legitimate?
Artsfund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Artsfund 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: $378,339
Professional Fundraising Fees: $0
Other Salaries and Wages: $646,599
For more financial information, click here
Official website here: www.artsfund.org
What is the mission statement of Artsfund?
ArtsFund strengthens its community by supporting the arts through leadership, advocacy, and grant-making. This organization achieves this mission by providing operational funding to eligible nonprofit arts organizations. The funding process considers each organization's mission, artistic merit, management, financial health, and impact on the community. In the fiscal year ending September 30, 2022, ArtsFund granted operating support to 64 such organizations.
Official website here: www.artsfund.org
Who is the CEO of Artsfund?
Michael Greer is the Chair of Artsfund. The CEO's salary of Artsfund is $212,296 and their total compensation is $243,090.
Official website here: www.artsfund.org
What is the revenue of Artsfund?
Artsfund's revenue in 2022 was $5,325,948.
Official website here: www.artsfund.org
Who are the executives of Artsfund and what are their salaries?
The average compensation at Artsfund during 2022 was $73,210. There are 14 employees and 45 volunteers at Artsfund.
Here are 34 key members and their salaries (Artsfund's CEO's salary is $212,296 and their total compensation is $243,090):
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Official website here: www.artsfund.org
Where can I find the form 990 for Artsfund?
Artsfund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.artsfund.org
Learn more at the official website: www.artsfund.org
Mission Statement of Artsfund
ArtsFund, a leading organization, strives to bolster its community by championing the arts through advocacy, leadership, and grant-making. Its mission is centered around supporting various arts nonprofits, ensuring their operational sustainability and impact on the community. ArtsFund achieves this by distributing grants to eligible 501(c)(3) arts organizations, using an allocation process that takes into account each organization's mission, artistic merit, management, financial condition, and commitment to and impact on the community. In the fiscal year ending September 30, 2022, 64 such organizations received operating support from ArtsFund, demonstrating its commitment to fostering a vibrant and creative community through the arts.
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Impact
July, 2024
Artsfund's impact is evident in its commitment to strengthening the community by supporting the arts through leadership, advocacy, and grant-making. By providing general operating support to arts organizations, Artsfund plays a crucial role in sustaining and promoting artistic endeavors in the Seattle area. Through its allocation process, Artsfund carefully considers each organization's mission, artistic quality, management and financial condition, as well as their impact on the community. In the year ended September 30, 2022, Artsfund granted operating support to 64 organizations, furthering their ability to contribute to the cultural vibrancy of the region.
This information is meant to be a general summary of Artsfund. 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: $14,344
- Program Service Revenue: $57,697
- Gross Receipts: $5,325,948
Assets and Liabilities:
- Total Assets: $6,404,858
- Total Liabilities: $65,131
- Net Assets: $6,339,727
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOARD LEADERSHIP TRAIN
Revenue
$32,697
MANAGEMENT FEES
Revenue
$25,000
Organization Details
Founding Year
1969
Phone
(206) 281-9050Principal Officer
Michael Greer
Main Address
PO BOX 19780, SEATTLE, WA, 981096780
Website
www.artsfund.orgNTEE Category
Code: A260 - Arts
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