Overview
What is Artsfund Foundation?
The Artsfund Foundation serves as a management entity for Artsfund, a 501(C)(3) nonprofit organization dedicated to the arts. As per the information provided, the Artsfund Foundation's primary role is to manage endowment funds for Artsfund and disburse operating grants to eligible 501(C)(3) arts organizations. During the fiscal year ending September 30, 2022, the Artsfund Foundation transferred $880,000 to Artsfund. The overall mission of the Artsfund Foundation is to support and benefit the activities of Artsfund, thereby contributing to the arts community at large.
Is Artsfund Foundation legitimate?
Artsfund Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Artsfund 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
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What is the mission statement of Artsfund Foundation?
The Artsfund Foundation's mission is centered around supporting the activities of an organization called Artsfund. This organization, classified under IRC Section 501(C)(3), focuses on providing operational grants to nonprofit arts organizations. The Artsfund Foundation itself serves to manage endowment funds for Artsfund, contributing $880,000 to it during the fiscal year ending September 30, 2022. By doing so, the Artsfund Foundation contributes to the overall growth and success of the arts sector, ultimately benefiting the communities they serve.
Who is the CEO of Artsfund Foundation?
Michael Greer is the Chair of Artsfund Foundation. The CEO's salary of Artsfund Foundation is $0 and their total compensation is $245,972.
What is the revenue of Artsfund Foundation?
Artsfund Foundation's revenue in 2022 was $3,757,473.
Who are the executives of Artsfund Foundation and what are their salaries?
There 7 volunteers at Artsfund Foundation.
Here are 9 key members and their salaries (Artsfund Foundation's CEO's salary is $0 and their total compensation is $245,972):
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $231,306
- Other: $14,666
Where can I find the form 990 for Artsfund Foundation?
Artsfund Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Artsfund Foundation
The Artsfund Foundation, as established, is committed to supporting the activities and benefiting the organization known as Artsfund. This entity, described under IRC Section 501(C)(3), is the primary focus of Artsfund Foundation's mission. Specifically, Artsfund Foundation manages endowment funds for Artsfund, an organization that grants operational funds to various 501(C)(3) nonprofit arts organizations. During the fiscal year ending September 30, 2022, Artsfund Foundation transferred $880,000 to Artsfund, demonstrating its unwavering support for the arts sector. By fulfilling its mission, Artsfund Foundation plays a significant role in promoting and sustaining the arts community.
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Impact
October, 2024
Artsfund Foundation significantly impacts the arts community by managing endowment funds that support Artsfund, which grants operating funds to various arts organizations. In the fiscal year ending September 30, 2022, the Foundation contributed $880,000 to Artsfund, enabling the latter to support and sustain a diverse range of arts initiatives. This funding aids in the stability and growth of arts organizations, fostering cultural engagement and accessibility in the Seattle area. By providing these vital resources, Artsfund Foundation plays a crucial role in enhancing the local arts landscape and ensuring that the arts thrive for the benefit of the community.
This information is meant to be a general summary of Artsfund 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: $3,732,803
- Gross Receipts: $6,084,352
Assets and Liabilities:
- Total Assets: $26,360,953
- Total Liabilities: $0
- Net Assets: $26,360,953
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Organization Details
Founding Year
1997
Phone
(206) 281-9050Principal Officer
Michael Greer
Main Address
PO BOX 19780, SEATTLE, WA, 981096780
NTEE Category
Code: T00Z - Philanthropy
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