Foundation For Global Arts

Formerly - Russian Arts Founda

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

EIN: 943165716 ✦ Walnut creek, CA ✦ Designated as a 501(c)(3)

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Overview

What is Foundation For Global Arts?

The Foundation For Global Arts, situated in Walnut Creek, California, is a nonprofit organization dedicated to fostering understanding and connection among different cultures. They achieve this goal by organizing performances and special events, serving as a platform for cultural exchange, and encouraging dialogue through artistic programs. The organization's mission is to bridge the gap between people from the United States and various other nations, contributing to a more harmonious and interconnected world.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 95% - Four-Star out of Four Star rating

The Foundation For Global Arts has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization showcases an impressive overall score of 95%, which indicates a high level of transparency and effective financial management. Notably, the foundation has a 100% independent board, ensuring that governance remains impartial and aligns with best practices.

Financially, the Foundation is robust, with a program expense ratio of 90.42%, signifying that a significant portion of its funds directly supports its mission. Its fundraising efficiency is also impressive, costing only $0.03 to raise a dollar, which highlights effective fundraising strategies. The organization demonstrates sound financial health with a low liabilities-to-assets ratio of just 0.03%, indicating a strong balance sheet.

While the organization has many strengths, such as having comprehensive policies in place like conflict of interest and whistleblower protections, continued vigilance in maintaining these standards will be essential for future success. Overall, the Foundation For Global Arts exemplifies a model nonprofit in terms of responsibility and dedication to its mission.


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

Is Foundation For Global Arts legitimate?

Foundation For Global Arts is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Global Arts 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: $61,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Foundation For Global Arts?

The Foundation For Global Arts is committed to fostering mutual comprehension among people from the United States and other nations. They achieve this mission by promoting cultural exchange and dialogue through initiatives centered around music and the arts. The organization organizes performances and special events, serving as a platform to encourage understanding and dialogue between different cultures. By engaging in these activities, the Foundation For Global Arts aims to bridge cultural divides, enhancing global unity and cooperation.

Who is the CEO of Foundation For Global Arts?

Richard P Walker is the President of Foundation For Global Arts.

What is the revenue of Foundation For Global Arts?

Foundation For Global Arts's revenue in 2022 was $2,532,197.

Who are the executives of Foundation For Global Arts and what are their salaries?


Here are 8 key members and their salaries:


Kelly Kaplan (Secretary)
  • Compensation: $33,000
  • Related: $0
  • Other: $0
Kevin Walker (Vice President)
  • Compensation: $28,000
  • Related: $0
  • Other: $0
Shand S Stephens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael J Polenske (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diana P Kern (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Ferguson (Chairman & Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David L Taub (Treasurer & Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard P Walker (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Foundation For Global Arts?

Foundation For Global Arts's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Foundation For Global Arts

The Foundation for Global Arts is dedicated to fostering harmony between the people of the United States and various nations worldwide. This nonprofit organization achieves this goal by promoting cultural exchange and dialogue through innovative programs centered around music and the arts. By organizing performances and special events, the Foundation for Global Arts serves as a platform for cross-cultural interaction, thereby enhancing mutual understanding among different societies.

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Impact




July, 2024

Foundation For Global Arts has had a significant impact on promoting mutual understanding between peoples of the United States and other countries through cultural exchange and dialogue. Through their programs involving music and the arts, they have managed to create opportunities for individuals from diverse backgrounds to come together, share their experiences, and build bridges of understanding. By organizing performances, special events, and providing support for cultural exchange, Foundation For Global Arts has successfully fostered connections and promoted mutual respect on an international level. This has enriched the cultural landscape and contributed to a more interconnected and harmonious global community.




This information is meant to be a general summary of Foundation For Global Arts. 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
$2,532,197 (2022)
Expenses
$905,307 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $182,128
  • Program Service Revenue: $62,811
  • Gross Receipts: $2,532,197

Assets and Liabilities:

  • Total Assets: $14,395,730
  • Total Liabilities: $5,148
  • Net Assets: $14,390,582

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Recordings and projects

Revenue

$62,811

Organization Details

Founding Year

1992

Principal Officer

Richard P Walker

Main Address

1350 TREAT BLVD STE 430, WALNUT CREEK, CA, 94597

NTEE Category

Code: Z99Z - Unknown

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