Overview
What is Jon Sims Endowment Fund For The Performing Arts Inc?
Jon Sims Endowment Fund For The Performing Arts Inc, located in San Francisco, California, is a charitable organization dedicated to awarding grants. Their primary mission is to support qualifying tax-exempt performing arts organizations that demonstrate a significant positive impact on their local communities. One of their recent contributions was a grant of $8,000 to the MidAmerica Band for the purchase of new timpani instruments. By providing financial assistance, this nonprofit contributes to the enrichment and development of the performing arts scene in various communities.
Official website here: www.jsef.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Jon Sims Endowment Fund for the Performing Arts Inc has received a 76% rating from Charity Navigator, indicating a solid level of accountability and financial health. The rating is primarily based on a single beacon score focused on accountability and finance, where the organization excels in areas such as having a completely independent board and a strong program expense ratio of 71.16%.
Strengths of the organization include a fully independent board consisting of seven members, demonstrating a commitment to governance. Furthermore, the organization has shown no material diversion of assets and maintains a perfect liabilities to assets ratio of 0.00%, ensuring financial stability. However, areas for improvement include the absence of critical policies such as conflict of interest, whistleblower, and document retention policies, which are essential for maintaining transparency and accountability.
While the organization has a robust financial structure, the lack of certain governance policies may raise concerns regarding its operational practices. Addressing these limitations could enhance the overall efficacy and public trust in the Jon Sims Endowment Fund for the Performing Arts Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Jon Sims Endowment Fund For The Performing Arts Inc legitimate?
Jon Sims Endowment Fund For The Performing Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jon Sims Endowment Fund For The Performing Arts Inc 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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Official website here: www.jsef.org
What is the mission statement of Jon Sims Endowment Fund For The Performing Arts Inc?
The Jon Sims Endowment Fund For The Performing Arts Inc's mission is centered around providing financial assistance to eligible, tax-exempt performing arts organizations. This funding is granted to organizations that can demonstrate a positive impact on their local community. The primary objective of the fund is to support and promote the performing arts, thereby enhancing cultural experiences and engagement within various communities.
Official website here: www.jsef.org
Who is the CEO of Jon Sims Endowment Fund For The Performing Arts Inc?
Bruce Sinor is the President of Jon Sims Endowment Fund For The Performing Arts Inc.
Official website here: www.jsef.org
What is the revenue of Jon Sims Endowment Fund For The Performing Arts Inc?
Jon Sims Endowment Fund For The Performing Arts Inc's revenue in 2022 was $34,823.
Official website here: www.jsef.org
Who are the executives of Jon Sims Endowment Fund For The Performing Arts Inc and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.jsef.org
Where can I find the form 990 for Jon Sims Endowment Fund For The Performing Arts Inc?
Jon Sims Endowment Fund For The Performing Arts Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jsef.org
Learn more at the official website: www.jsef.org
Mission Statement of Jon Sims Endowment Fund For The Performing Arts Inc
The Jon Sims Endowment Fund For The Performing Arts Inc is a nonprofit organization committed to providing grants to eligible tax-exempt performing arts organizations. This funding is granted to organizations that can demonstrate a significant positive impact on their local communities. By offering financial assistance, this endowment fund aims to support the growth and success of these performing arts organizations, thereby enriching the cultural landscape of their respective communities.
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Impact
October, 2024
The Jon Sims Endowment Fund For The Performing Arts Inc significantly impacts the local community by providing vital financial support to qualifying tax-exempt performing arts organizations. Through their grants, such as the recent $8,000 awarded to the MidAmerica Band for the purchase of five smooth copper Adams Revolution Timpani, they enhance the quality and accessibility of performing arts. This support not only enriches cultural offerings but also fosters community engagement and development, demonstrating a commitment to sustaining and promoting the arts in San Francisco and beyond. By empowering local organizations, the fund helps cultivate creativity and artistry, ensuring that performing arts continue to thrive and benefit the community at large.
This information is meant to be a general summary of Jon Sims Endowment Fund For The Performing Arts Inc. 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: $31,089
- Gross Receipts: $34,823
Assets and Liabilities:
- Total Assets: $976,765
- Total Liabilities: $0
- Net Assets: $976,765
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Organization Details
Founding Year
1988
Phone
(703) 231-5420Principal Officer
Bruce Sinor
Main Address
PO BOX 14172, SAN FRANCISCO, CA, 941140172
Website
www.jsef.orgNTEE Category
Code: A610 - Arts
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