Overview
What is Asifa-Hollywood?
Asifa-Hollywood is a nonprofit organization situated in Burbank, California, at 2416 WEST VICTORY BLVD 245. Their primary mission is to champion the animation industry and offer aid to struggling, financially disadvantaged members of the animation community. Established with this intention, they host the Annie Awards, an annual ceremony honoring achievements and excellence in the realm of animation. By promoting the animation sector and providing assistance to its distressed members, Asifa-Hollywood strives to support and strengthen the community, ensuring its continued growth and success. With a team of four dedicated individuals, they work tirelessly to accomplish their mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (52%)
Asifa-Hollywood has received a low rating of 52%, which translates to a One-Star designation. This score indicates significant concerns regarding the organization's accountability and financial practices. Notably, the organization lacks a majority of independent board members, which raises issues about governance and oversight.
The charity demonstrates some strengths, particularly in its program expense ratio, where 84.59% of its expenses are directed towards programs, reflecting a commitment to its mission. Additionally, the organization has not reported any material diversion of assets, which is a positive aspect in terms of financial integrity. However, the absence of essential policies, such as conflict of interest and whistleblower protections, suggests potential vulnerabilities in governance.
Overall, while Asifa-Hollywood shows a strong commitment to program expenditures, the lack of transparency and independent oversight poses significant risks. The absence of basic financial documents and policies may hinder trust and accountability, ultimately affecting its overall effectiveness and reputation within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Asifa-Hollywood legitimate?
Asifa-Hollywood is a legitimate nonprofit organization registered as a 501(c)(3) entity. Asifa-Hollywood 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: $135,913
For more financial information, click here
What is the mission statement of Asifa-Hollywood?
Asifa-Hollywood's mission is centered around promoting the animation industry and extending aid to struggling members within this community. The organization is dedicated to recognizing and celebrating excellence in the animation field through the Annie Awards ceremony. In addition, Asifa-Hollywood provides assistance to distressed and financially struggling individuals within the animation community. The organization's mission is aimed at supporting the growth and well-being of the animation industry and its artists.
Who is the CEO of Asifa-Hollywood?
Jeffrey Wike is the Vice President of Asifa-Hollywood.
What is the revenue of Asifa-Hollywood?
Asifa-Hollywood's revenue in 2022 was $1,180,361.
Who are the executives of Asifa-Hollywood and what are their salaries?
The average compensation at Asifa-Hollywood during 2022 was $33,978. There are 4 employees at Asifa-Hollywood.
Here are 5 key members and their salaries:
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- Other: $0
Where can I find the form 990 for Asifa-Hollywood?
Asifa-Hollywood's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Asifa-Hollywood
Asifa-Hollywood, a nonprofit organization, is dedicated to advocating for the animation industry and offering aid to struggling members within the community. Its primary mission is twofold: to champion the animation sector and to extend assistance to distressed and financially vulnerable individuals within this field. By doing so, Asifa-Hollywood aims to foster a supportive environment that enables its members to thrive and succeed in their respective careers.
One of the ways Asifa-Hollywood achieves its mission is by hosting the Annie Awards, an annual ceremony that honors outstanding achievements and excellence in the field of animation. This event serves as a platform to recognize and celebrate the contributions of talented animators, artists, and industry professionals, thereby promoting the animation industry as a whole. Furthermore, Asifa-Hollywood extends its support to those in need, offering financial assistance and resources to help distressed members overcome challenges and continue their careers in animation.
In summary, Asifa-Hollywood is a vital organization that serves the animation community by promoting the industry and providing aid to those in need. Through events like the Annie Awards and direct assistance programs, Asifa-Hollywood empowers its members, fosters a sense of unity, and helps ensure that the animation industry continues to thrive.
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Impact
July, 2024
Asifa-Hollywood's impact on the animation industry and its community is significant. Through initiatives like the Annie Awards, the organization honors and celebrates achievements in animation, showcasing excellence in the field. By doing so, Asifa-Hollywood not only recognizes talent but also inspires creativity and innovation in the industry.
Moreover, the organization's commitment to providing assistance to distressed and needy members of the animation community demonstrates its dedication to supporting those in need within the field. This support can have a profound impact on individuals facing challenges, helping them navigate difficult circumstances and continue pursuing their passion for animation.
Overall, Asifa-Hollywood plays a crucial role in promoting the growth and success of the animation industry while also serving as a valuable resource for its community members in times of need.
This information is meant to be a general summary of Asifa-Hollywood. 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: $64
- Program Service Revenue: $740,514
- Gross Receipts: $1,180,361
Assets and Liabilities:
- Total Assets: $1,809,120
- Total Liabilities: $1,468
- Net Assets: $1,807,652
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNIE AWARDS
Revenue
$740,514
Organization Details
Founding Year
1962
Phone
(818) 842-8330Principal Officer
Jeffrey Wike
Main Address
2416 WEST VICTORY BLVD 245, BURBANK, CA, 91506
NTEE Category
Code: P99 - Human services
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