Overview
What is Santa Monica Arts Foundation Inc?
The Santa Monica Arts Foundation Inc is a dedicated nonprofit organization situated in Santa Monica. Its primary mission is to foster and promote artistic development in the local community. Despite the challenges posed by the Covid-19 pandemic, the foundation has been actively working towards achieving this goal. Their focus is on providing support for the arts in Santa Monica, aiming to enrich the cultural landscape of the area. The foundation's efforts are geared towards enhancing the arts scene in the city, thereby contributing to its overall vibrancy and aesthetic appeal.
Official website here: www.santamonica.gov/arts/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The Santa Monica Arts Foundation Inc has achieved a remarkable score of 97%, indicating a strong commitment to accountability and finance. This rating reflects the organization's effective management and transparency, particularly highlighted by its 100% independent board members and a perfect score for the lack of material diversion of assets. The foundation also demonstrates robust governance practices with well-defined policies for conflict of interest, whistleblower protections, and document retention.
Financially, the foundation shows exceptional performance, boasting a program expense ratio of 98.78%. This means that nearly all of its funds are directed towards its mission-driven programs, showcasing a strong dedication to its cause. The organization's liabilities to assets ratio is also notably low at 0.00%, further indicating sound financial health and stability.
Overall, the Santa Monica Arts Foundation Inc stands out as a well-managed and accountable nonprofit, with significant strengths in governance and financial performance. However, no specific limitations or challenges were mentioned in the data, which could suggest a need for ongoing vigilance to maintain these high standards.
This AI summary has been generated from information found on Charity Navigator.
Is Santa Monica Arts Foundation Inc legitimate?
Santa Monica Arts Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Santa Monica Arts Foundation 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:
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For more financial information, click here
Official website here: www.santamonica.gov/arts/foundation
What is the mission statement of Santa Monica Arts Foundation Inc?
The Santa Monica Arts Foundation's mission is centered around aiding in the development of support for the arts. Specifically, their role is to assist in this regard, fostering an environment that promotes artistic growth and recognition. Due to the impact of Covid-19, the foundation has had to temporarily close certain programs, demonstrating their commitment to the arts despite challenges.
In essence, the foundation serves as a catalyst for the arts community, providing assistance and resources to help the arts thrive. Their mission is not limited to direct financial support but also extends to fostering an environment that encourages artistic expression and appreciation.
While the foundation's activities have been affected by the pandemic, their dedication to the arts remains unwavering. They continue to explore ways to support the arts sector, demonstrating their resilience and adaptability in the face of adversity.
In summary, the Santa Monica Arts Foundation's mission is to aid in the development of support for the arts, fostering an environment that encourages artistic expression and appreciation. Despite the challenges of Covid-19, they remain committed to their mission, exploring new ways to support the arts community.
Official website here: www.santamonica.gov/arts/foundation
Who is the CEO of Santa Monica Arts Foundation Inc?
Sofia Klatzker Miller is the Secretary of Santa Monica Arts Foundation Inc.
Official website here: www.santamonica.gov/arts/foundation
What is the revenue of Santa Monica Arts Foundation Inc?
Santa Monica Arts Foundation Inc's revenue in 2022 was $32,674.
Official website here: www.santamonica.gov/arts/foundation
Who are the executives of Santa Monica Arts Foundation Inc and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.santamonica.gov/arts/foundation
Where can I find the form 990 for Santa Monica Arts Foundation Inc?
Santa Monica Arts Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.santamonica.gov/arts/foundation
Learn more at the official website: www.santamonica.gov/arts/foundation
Mission Statement of Santa Monica Arts Foundation Inc
The Santa Monica Arts Foundation, in its mission, works tirelessly to foster and promote artistic support within Santa Monica. Their primary objective is to assist in the development of artistic resources and opportunities within the community. Despite the challenges posed by the Covid-19 pandemic, the foundation continues to play a significant role in this endeavor.
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Impact
August, 2024
Santa Monica Arts Foundation Inc plays a crucial role in developing support for the arts in Santa Monica. Through its mission-driven activities, this organization actively works to sustain and promote artistic endeavors within the community. The Foundation has been particularly impactful by providing essential support to the arts sector during the challenging times brought about by the Covid-19 pandemic. By nurturing and fostering the arts in Santa Monica, the Foundation contributes significantly to the cultural vibrancy and richness of the city.
This information is meant to be a general summary of Santa Monica Arts Foundation 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: $86
- Gross Receipts: $32,674
Assets and Liabilities:
- Total Assets: $117,276
- Total Liabilities: $0
- Net Assets: $117,276
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Organization Details
Founding Year
1985
Phone
(310) 458-8350Principal Officer
Sofia Klatzker Miller
Main Address
1685 MAIN STREET MS 44, SANTA MONICA, CA, 90401
NTEE Category
Code: A26Z - Arts
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