Overview

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Est.

1981

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS INC is an arts services nonprofit behind YoungArts, with a mission to identify exceptional young artists, amplify their potential, and invest in their lifelong creative freedom. In filing year 2025, it reported a $11.4M operating budget and $13.8M in total revenue, with major support from ARISON ARTS FOUNDATION C/O RICHARD KOHAN AFO LLC, JOHN S AND JAMES L KNIGHT FOUNDATION, and The Miami Foundation.

Mission Statement

IDENTIFY AND ASSIST EMERGING ARTISTS.
Revenues
$12.4M
Expenses
$12M
Net Income:
+$432K
Assets
$60.5M
Liabilities
$374.7K
Net Assets:
+$60.1M
Operating Budget
$10.6M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
16
Median grant size
$32.8K
Largest grant received
$5.5M
C
Clive Chang
Board Member
J
Jason Kraus
Board Member
D
Danielle Garno
Board Member
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  • 38 funders
  • 106 board & team members
  • 11 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS INC’s budget?
In 2024, NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS INC reported an annual operating budget of around $10.6 million. More detailed financial information is available to registered users.
What causes does NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS INC support?
NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS INC supports work in Arts services.
Where does NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS INC operate?
NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS INC is headquartered in MIAMI, FL.
Who funded NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS INC recently?
In 2024, NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS INC received grants from ARISON ARTS FOUNDATION C/O RICHARD KOHAN AFO LLC, JOHN S AND JAMES L KNIGHT FOUNDATION, and FIDELITY INVESTMENTS CHARITABLE GIFT FUND. More information on this organization’s funders is available to registered users.
What is the largest grant NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS INC received in 2024?
The largest grant to NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS INC in 2024 exceeds $5.5 million.
What is NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS INC’s reliance on government grants?
NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS INC relied on government grants for less than 5% of their total revenue in 2024.