NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS INC Charity Report

Public IRS 990 nonprofit record

NATIONAL FOUNDATION FOR ADVANCEMENT IN THE ARTS INC

EIN 59-2141837 · Arts, Culture & Humanities (A900)

What they do

THE MISSION of THE NATIONAL FOUNDATION for ADVANCEMENT IN THE ARTS, INC. DBA YOUNGARTS is to IDENTIFY EXCEPTIONAL YOUNG ARTISTS, AMPLIFY THEIR POTENTIAL and INVEST IN THEIR LIFELONG CREATIVE FREEDOM.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $84.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders37 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

78.84%of revenue went to mission work84.5% of expenses · Program services

9.17%of revenue went to fundraising9.8% of expenses

$93.27spent for every $100 of revenueRevenue covered expenses this year.

5.25%of revenue went to management and office costs5.6% of expenses

$5.09in assets for every $1 spent this yearSome assets cannot be spent right away.

90.1%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $671,485 for CLIVE CHANG (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$13,778,444

Mission workProgram services$10,863,24178.84% of revenue84.5% of expenses

ManagementOffice and general costs$723,9285.25% of revenue5.6% of expenses

FundraisingAsking for donations$1,264,0619.17% of revenue9.8% of expenses

Revenue left after expensesReported annual surplus$927,2146.73% of revenueShown in gray on the chart

Total expenses$12,851,23093.27% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 84.5% mission · 5.6% management · 9.8% fundraisingTotal expenses: 93.27% of revenue

2023Expense mix: 81.8% mission · 7.0% management · 11.2% fundraisingTotal expenses: 96.52% of revenue

2022Expense mix: 81.0% mission · 8.2% management · 10.9% fundraisingTotal expenses: 84.83% of revenue

2021Expense mix: 78.3% mission · 7.5% management · 14.2% fundraisingTotal expenses: 68.40% of revenue

2020Expense mix: 73.3% mission · 11.2% management · 15.6% fundraisingTotal expenses: 62.02% of revenue

2019Expense mix: 66.6% mission · 19.6% management · 13.8% fundraisingTotal expenses: 95.40% of revenue

2018Expense mix: 69.5% mission · 15.1% management · 15.5% fundraisingTotal expenses: 91.01% of revenue

2017Expense mix: 68.5% mission · 17.0% management · 14.5% fundraisingTotal expenses: 77.16% of revenue

Money in and money out

Revenue$13,778,444

Expenses$12,851,230

Annual surplus $927,214 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$10,863,241 · 84.5% of expenses

Management and office costs$723,928 · 5.6% of expenses

Fundraising$1,264,061 · 9.8% of expenses

See all reported dollar amounts

Revenue$13,778,444

Expenses$12,851,230

Assets$65,467,986

Income$33,903,586

Contributions$12,421,148

Mission work (program services)$10,863,241

Fundraising$1,264,061

Management and general$723,928

Stocks and bonds$45,360,922

Accounting fees$38,567

Investing fees$135,667

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

CLIVE CHANGPRESIDENT · 40 hrs/week $671,485Base $652,479 · Other $19,006

TERESA D SIDESVP OF ADVANCEMENT · 40 hrs/week $287,512Base $287,344 · Other $168

TANYA REIDVP OF FINANCE & OPERATIONS (THRU 11/24) · 40 hrs/week $221,841Base $205,377 · Other $16,464

LAUREN SLONEVP OF ARTISTIC PROGRAMS (THRU 04/25) · 40 hrs/week $201,843Base $189,328 · Other $12,515

ANGELA GODINGSENIOR DIRECTOR, STRATEGIC PARTNERSHIPS · 40 hrs/week $182,549Base $173,120 · Other $9,429

EMILY WATERSSENIOR DIRECTOR, INNOVATION & IMPACT (THRU 02/25) · 40 hrs/week $158,020Base $148,485 · Other $9,535

LEE S COHEN HARECREATIVE DIRECTOR · 40 hrs/week $156,891Base $141,719 · Other $15,172

DAVE ADAMSSENIOR DIRECTOR, STRATEGIC COMMUNICATIONS · 40 hrs/week $146,475Base $131,439 · Other $15,036

MELISSA DOVAL ORTIZVP, FINANCE & OPERATION (AS OF 11/24) · 40 hrs/week $26,923

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (37)

CLIVE CHANGPRESIDENT

TERESA D SIDESVP OF ADVANCEMENT

TANYA REIDVP OF FINANCE & OPERATIONS (THRU 11/24)

LAUREN SLONEVP OF ARTISTIC PROGRAMS (THRU 04/25)

ANGELA GODINGSENIOR DIRECTOR, STRATEGIC PARTNERSHIPS

EMILY WATERSSENIOR DIRECTOR, INNOVATION & IMPACT (THRU 02/25)

LEE S COHEN HARECREATIVE DIRECTOR

DAVE ADAMSSENIOR DIRECTOR, STRATEGIC COMMUNICATIONS

MELISSA DOVAL ORTIZVP, FINANCE & OPERATION (AS OF 11/24)

STEVEN MARKSTRUSTEE

SARAH ARISONBOARD CHAIR

SANDRA TAMERTRUSTEE

KRISTINA NEUMAN-SCOTTTRUSTEE

ROSIE GORDON-WALLACETRUSTEE

RICHARD WAGMANTREASURER (THRU 11/24)

RICH KOHANPRESIDENT OF THE BOARD

NATALIE DIGGINSTRUSTEE (THRU 01/25)

MICHI JIGARJIANTRUSTEE

MICHAEL MCELROYTRUSTEE

VICTORIA ROGERSTRUSTEE (THRU 12/24)

ZUZANNA SZADKOWSKISECRETARY

LAUREN MATTHIESENTRUSTEE

KRISTY EDMUNDSTRUSTEE

JOSE PARLATRUSTEE

JONATHAN FLACKTREASURER (AS OF 11/24)

JOHN JACK ONEILTRUSTEE

JEAN SHINTRUSTEE

JASON KRAUSTRUSTEE

HAMPTON CARNEYTRUSTEE

GLENDA PEDROSOTRUSTEE

DR JOAN MORGANTRUSTEE

DOUG BLUSHTRUSTEE

DERRICK ADAMSTRUSTEE

DEBORAH SHAINFELDTRUSTEE

DEBI WISCHTRUSTEE

DANIELLE GARNOTRUSTEE

CHLOE BERKOWITZTRUSTEE

About this charity

Recognized since: January 1982
Location: 2100 BISCAYNE BLVD, MIAMI, FL 33137-5014
County: Miami-Dade
In care of: % MELISSA DOVAL
Primary officer: MELISSA DOVAL, VP, FINANCE & OPS

How to reach them

WebsiteVisit the charity’s website Emailinfo@youngarts.org Phone(305) 377-1140

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: BDO USA
NTEE classification: Arts, Culture & Humanities (A900)