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Arts, Culture, Humanities : Performing Arts (Grantmaking/Grants Payable)

Fund for the Arts

Together through the Arts we create a great American city

three stars

88.58

623 West Main Street Louisville, KY 40202
tel: (502) 582-0100   Web Site
EIN: 61-0479626

Board Leadership
Ja Hillebrand
Chairman of the Board

CEO
Christen Boone
President, CEO

  Score
(out of 100)
Rating
Overall Score & Rating 88.58 three stars
  Financial 83.85 three stars
  Accountability & Transparency 100.00 four stars
This rating was published 09/03/2019 and includes data from FY2018, the most recent 990 received at that time.

The Fund for the Arts' mission is to increase revenues for the arts and to enable our community to become the preeminent regional arts center in the United States and to maximize the impact of the arts on overall economic development, education of our children and the enjoyment of living in our community. We accomplish our mission through the enhancements and preservation of resources by providing excellent service. The Fund for the Arts is the oldest united arts fund in the country and has raised over $157 million since its establishment in 1949. The 2009 campaign raised over $8.8 million, a long way from its first campaign in 1949, of $99,000.

The Fund for the Arts' mission is to increase revenues for the arts and to enable our community to become the preeminent regional arts center in the United States and to maximize the impact of the arts on overall economic development, education of our children and the enjoyment of living in our community. We accomplish our mission through the enhancements and preservation of resources by providing excellent service. The Fund for the Arts is the oldest united arts fund in the country and has raised over $157 million since its establishment in 1949. The 2009 campaign raised over $8.8 million, a long way from its first campaign in 1949, of $99,000.

Impact Information

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Reported Results
Showing 3 of 5
Total in 2018
ACCESS: Arts, culture and creativity are fully integrated into daily life and accessible to everyone in every neighborhood every day. More art, for more people, in more places.
2
CULTIVATION: Greater Louisville is a magnet for artists and creative professionals, where arts and culture organizations and creative industries, both institutional and emerging , are thriving.
165
EDUCATION: Every child in our community has the opportunity to experience and participate in arts and culture through experiences in their schools, out-of-school programs and with their families.
400,000
EQUITY, DIVERSITY & INCLUSION: Cultural equity is leading the way to a more equitable, diverse and inclusive community improving the social connectivity and cultural vitality of the region.
37
PROMOTION: Greater Louisville is recognized nationally and internationally as a leading city of arts and culture attracting talent to live and work and tourst to play and stay.
2,220
This impact information is current as of October 2019, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

three stars

83.85

Accountability & Transparency

four stars

100.00

This rating was published 09/03/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
81.0%
  Administrative Expenses 4.7%
  Fundraising Expenses 14.2%
  Fundraising Efficiency $0.11
  Working Capital Ratio (years) 1.26
  Program Expenses Growth -16.6%
  Liabilities to Assets 9.6%
All data for Financial Performance Metrics calculations was provided by Fund for the Arts on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Fund for the Arts on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Fund for the Arts (KY) 88.58 three stars
National Guild for Community Arts Education (NY) 95.80 four stars
ArtsWave (OH) 87.92 three stars
Silicon Valley Creates (CA) 89.59 three stars
National Arts Strategies (VA) 87.97 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $8,203,740
   Federated Campaigns $5,214
   Membership Dues $0
   Fundraising Events $20,523
   Related Organizations $0
   Government Grants $666,136
Total Contributions $8,895,613
   Program Service Revenue $138,090
Total Primary Revenue $9,033,703
   Other Revenue $88,751
TOTAL REVENUE $9,122,454
   
EXPENSES  
   Program Expenses $3,374,005
   Administrative Expenses $336,704
   Fundraising Expenses $1,018,291
TOTAL FUNCTIONAL EXPENSES $4,729,000
   
Payments to Affiliates $0
Excess (or Deficit) for the year $4,393,454
   
Net Assets $8,905,373

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Due to an error on this organization's Form 990, we are unable to display program information.

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-06 09/03/2019 88.58 three stars
2018-06 07/01/2019 88.23 three stars
2017-06 03/01/2019 84.90 three stars
2016-06 12/01/2018 87.63 three stars
2015-06 12/01/2016 82.40 three stars
2014-06 06/01/2016 89.02 three stars
 
CN 2.0
2014-06 12/22/2015 89.28 three stars
2013-06 03/01/2015 90.15 four stars
2012-06 11/01/2013 83.47 three stars
2011-06 09/01/2012 76.85 two stars
2010-06 11/01/2011 83.73 three stars
2009-06 09/20/2011 88.95 three stars
 
CN 1.0
2009-06 12/01/2010 80.83 three stars
2008-06 03/01/2010 86.25 three stars
2007-06 03/01/2009 91.42 four stars
2006-06 06/01/2007 76.18 two stars
2005-06 10/01/2006 74.55 two stars
2004-06 06/01/2005 75.45 two stars
2003-06 10/01/2004 82.86 three stars
2002-06 10/01/2003 85.71 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 61-0479626
Name in IRS Master File FUND FOR THE ARTS INC
NTEE Code A12
NTEE Classification Fund Raising and/or Fund Distribution
NTEE Type Arts, Culture and Humanities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (602) Gifts, grants, or loans to other organizations
(927) Fundraising
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date April, 1953
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013
Compensation % of Expenses Paid to Title
$239,412 5.06% Christen Boone President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Fund for the Arts (KY) 88.58 three stars
COMPAS (MN) 85.44 three stars
Arts Partnership of Greater Spartanburg (SC) 88.89 three stars
Music Center Foundation (CA) 90.21 four stars
Nebraska Humanities Council (NE) 87.24 three stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Fund for the Arts
623 West Main Street
Louisville, KY 40202
tel: (502) 582-0100
EIN: 61-0479626

Visit Web Site

Board Leadership

Ja Hillebrand
Chairman of the Board

CEO

Christen Boone
President, CEO

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