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

Fund for the Arts

Arts are the soul of our city

three stars

89.77

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 89.77 three stars
  Financial 85.54 three stars
  Accountability & Transparency 100.00 four stars
This rating was published 12/01/2020 and includes data from FY2019, the most recent 990 received at that time.

Established in 1949, the Fund for the Arts (Fund) is a regional nonprofit committed to building a vibrant community with the mission to maximize the impact of the arts on economic development, education and a better quality of life for everyone by generating resources, inspiring excellence, and creating community connections. With the help of nearly 15,000 donors, the Fund supports a range of arts and cultural organizations and individual artists and drives accessibility across neighborhoods, schools, community centers, senior care facilities, parks, libraries and public spaces. With guidance from a community-wide cultural plan "Imagine Greater Louisville 2020", the Fund's strategic plan adopted the five strategic priorities identified in the cultural plan: ACCESS, CULTIVATION, EDUCATION, EQUITY, DIVERSITY & INCLUSION, and PROMOTION. These priorities provide a cohesive focus to drive impact for the arts ecosystem in our communities of arts, culture, history and heritage.

Established in 1949, the Fund for the Arts (Fund) is a regional nonprofit committed to building a vibrant community with the mission to maximize the impact of the arts on economic development, education and a better quality of life for everyone by generating resources, inspiring excellence, and creating community connections. With the help of nearly 15,000 donors, the Fund supports a range of arts and cultural organizations and individual artists and drives accessibility across neighborhoods, schools, community centers, senior care facilities, parks, libraries and public spaces. With guidance from a community-wide cultural plan "Imagine Greater Louisville 2020", the Fund's strategic plan adopted the five strategic priorities identified in the cultural plan: ACCESS, CULTIVATION, EDUCATION, EQUITY, DIVERSITY & INCLUSION, and PROMOTION. These priorities provide a cohesive focus to drive impact for the arts ecosystem in our communities of arts, culture, history and heritage.

Financial

three stars

85.54

Accountability & Transparency

four stars

100.00

This rating was published 12/01/2020 and includes data from FY2019, 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)
80.3%
  Administrative Expenses 5.3%
  Fundraising Expenses 14.2%
  Fundraising Efficiency $0.11
  Working Capital Ratio (years) 1.19
  Program Expenses Growth -1.1%
  Liabilities to Assets 6.4%
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) 89.77 three stars
Arts & Science Council (NC) 88.48 three stars
Scottsdale Cultural Council (AZ) 85.21 three stars
United Performing Arts Fund (WI) 94.22 four stars
Americans for the Arts (DC) 89.06 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $7,358,114
   Federated Campaigns $519
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $307,000
Total Contributions $7,665,633
   Program Service Revenue $80,940
Total Primary Revenue $7,746,573
   Other Revenue $118,987
TOTAL REVENUE $7,865,560
   
EXPENSES  
   Program Expenses $6,674,737
   Administrative Expenses $433,699
   Fundraising Expenses $965,651
TOTAL FUNCTIONAL EXPENSES $8,074,087
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-208,527
   
Net Assets $8,406,109

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
2019-06 12/01/2020 89.77 three stars
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

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
$234,324 2.90% Christen Boone President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Fund for the Arts (KY) 89.77 three stars
Americans for the Arts (DC) 89.06 three stars
United Arts of Central Florida (FL) 90.91 four stars
National Arts Strategies (VA) 92.19 four stars
Public Art Fund (NY) 85.61 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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