Overview
What is Edmonds Arts Festival Foundation?
The Edmonds Arts Festival Foundation is a nonprofit organization dedicated to championing the arts within its local community. It accomplishes this goal by offering financial aid in the form of grants to the local community college, school district, and various teachers within the district. Furthermore, this organization takes pride in presenting annual scholarships to aspiring art students, contributing to their educational advancement. In 2021, they granted twenty-four such scholarships to deserving individuals. By supporting the arts in this way, the Edmonds Arts Festival Foundation contributes to the enrichment and development of the local community.
Official website here: www.eaffoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, 63% (Two-Star out of Four Star rating)
The Edmonds Arts Festival Foundation has received a rating indicating that it needs improvement, with an overall score of 63%. This score reflects both strengths and weaknesses in the organization's accountability and financial transparency. While the foundation has some positive aspects, such as a full independent board size and no reported material diversion of assets, it lacks in areas of governance, notably having no independent board members and failing to implement critical policies like conflict of interest and whistleblower protocols.
The foundation's financial practices appear solid, with a favorable liabilities to assets ratio and an excellent program expense ratio, indicating that it effectively allocates its resources toward its mission. However, the lack of documentation regarding board meeting minutes and the absence of posted tax forms on its website raise concerns about transparency and accessibility of information for stakeholders.
Overall, while the Edmonds Arts Festival Foundation shows potential in program expenses and maintains a solid board size, significant governance issues and a lack of independent oversight must be addressed to enhance its accountability and improve its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Edmonds Arts Festival Foundation legitimate?
Edmonds Arts Festival Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Edmonds Arts Festival 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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Official website here: www.eaffoundation.org
What is the mission statement of Edmonds Arts Festival Foundation?
The Edmonds Arts Festival Foundation's mission is centered around promoting the arts locally. They achieve this by granting funds to their local community college, school district, and various teachers within the district. Furthermore, the foundation awards annual scholarships to students pursuing arts education, with twenty-four scholarships being given out in 2021. This initiative aims to support and nurture the artistic talents of the next generation.
Official website here: www.eaffoundation.org
Who is the CEO of Edmonds Arts Festival Foundation?
Kim Palmer is the President of Edmonds Arts Festival Foundation.
Official website here: www.eaffoundation.org
What is the revenue of Edmonds Arts Festival Foundation?
Edmonds Arts Festival Foundation's revenue in 2022 was $105,322.
Official website here: www.eaffoundation.org
Who are the executives of Edmonds Arts Festival Foundation and what are their salaries?
There 40 volunteers at Edmonds Arts Festival Foundation.
Here are 8 key members and their salaries:
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Official website here: www.eaffoundation.org
Where can I find the form 990 for Edmonds Arts Festival Foundation?
Edmonds Arts Festival Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eaffoundation.org
Learn more at the official website: www.eaffoundation.org
Mission Statement of Edmonds Arts Festival Foundation
The Edmonds Arts Festival Foundation, a dedicated nonprofit organization, strives to promote the arts locally. To achieve this mission, the foundation awards grants to various entities within the community, including the local community college and school district, as well as several teachers within the district. Furthermore, the organization awards annual scholarships to students pursuing arts education, with twenty-four scholarships being granted in 2021. This highlights the foundation's commitment to nurturing and supporting the artistic talents of the next generation. By funding educational opportunities and local arts initiatives, the Edmonds Arts Festival Foundation is instrumental in enriching the local arts scene and fostering a vibrant cultural environment.
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Impact
October, 2024
The Edmonds Arts Festival Foundation has a significant impact on the local community by promoting the arts through various initiatives. It supports artistic development by awarding grants to the local community college and school district, directly benefiting educators and enhancing the quality of arts education. Additionally, the foundation empowers emerging artists by providing scholarships; in 2021 alone, twenty-four scholarships were awarded to students in the arts, helping them further their education and pursue their passions. This investment in local talent fosters a vibrant arts culture in Edmonds, enriching the community's creative landscape and ensuring that future generations have access to artistic opportunities.
This information is meant to be a general summary of Edmonds Arts Festival 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: $30,455
- Program Service Revenue: $19,431
- Gross Receipts: $240,092
Assets and Liabilities:
- Total Assets: $984,632
- Total Liabilities: $17,225
- Net Assets: $967,407
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ARTWORKS INCOME
Revenue
$19,431
Organization Details
Founding Year
1979
Phone
(425) 771-6412Principal Officer
Kim Palmer
Main Address
PO BOX 699, EDMONDS, WA, 98020
Website
www.eaffoundation.orgNTEE Category
Code: A51Z - Arts
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