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Thea Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 522356755 ✦ North little rock, AR ✦ Designated as a 501(c)(3)

Overview

What is Thea Foundation?

Thea Foundation is a nonprofit organization located at 401 MAIN ST 100, North Little Rock, AR 72114. Their primary mission is to advocate for the significance of arts in youth development. Through their program, Thea's Art Closet, they provide financial support for arts-focused projects in Arkansas schools, matching funds from Donors Choose. In the 2022-2023 academic year, they funded 388 such projects. The organization employs a team of five individuals.


Official website here: www.theafoundation.org

Is Thea Foundation legitimate?

Thea Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thea Foundation 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.

Here are some key statistics you may want to consider:

Executive Compensation: $104,480
Professional Fundraising Fees: $0
Other Salaries and Wages: $193,455

For more financial information, click here


Official website here: www.theafoundation.org

What is the mission statement of Thea Foundation?

The Thea Foundation's mission is centered around advocating for the significance of arts in the growth and development of young individuals. This advocacy is a crucial part of their mission, aiming to emphasize the value of the arts in various educational settings. To further their cause, they operate a program called Thea's Art Closet. This program provides financial support for art-focused projects, matching funds from DonorsChoose for K-12 students in Arkansas during the 2022-2023 school year. In the 2022-2023 academic year, Thea Foundation funded 388 such projects.


Official website here: www.theafoundation.org

Who is the CEO of Thea Foundation?

Nick Leopoulos is the Director Emeritus of Thea Foundation.


Official website here: www.theafoundation.org

What is the revenue of Thea Foundation?

Thea Foundation's revenue in 2023 was $1,196,723.


Official website here: www.theafoundation.org

Who are the executives of Thea Foundation and what are their salaries?

The average compensation at Thea Foundation during 2023 was $59,587. There are 5 employees and 15 volunteers at Thea Foundation.

Here are 14 key members and their salaries:

    Nick Leopoulos (Executive Director)
  • Compensation: $105,130
  • Related: $0
  • Other: $0

    • Andrew Manatos (Director Emeritus)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • President Bill Clinton (Director Emeritus)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dave Hawsey (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brad Cushman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sharon Heflin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer Herron (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Marks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alex Montez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Pilewski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Natalie Rockefeller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michele Shaw (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ramy Zimmerebner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bryant Phelan (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.theafoundation.org

    Where can I find the form 990 for Thea Foundation?

    The Thea Foundation’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.theafoundation.org

    Learn more at the official website: www.theafoundation.org

    Mission Statement of Thea Foundation

    Thea Foundation, a notable organization, is dedicated to advocating the significance of the arts in the growth and development of our youth. Their mission is to emphasize the profound impact of artistic pursuits on young minds, advocating for their integration into educational curriculums and extracurricular activities.

    To actualize this mission, Thea Foundation introduces programs like Thea's Art Closet. This initiative provides financial support for art-based projects in Arkansas, matching funds from DonorsChoose for K-12 students. During the 2022-2023 academic year, Thea Foundation funded an impressive 388 such projects. By doing so, the organization fosters creative expression and learning opportunities in schools across the state, ultimately contributing to the holistic development of its young population.

    Impact

    This information is meant to be a general summary of Thea Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The Thea Foundation's impact can be seen in its advocacy for the importance of the arts in the development of our youth. Through programs like Thea's Art Closet, the foundation funds art-focused projects for K-12 students in Arkansas, matching dollars from donors. In the 2022-2023 school year alone, Thea funded 388 projects, providing students with valuable opportunities for artistic expression and creativity. This support helps foster a deeper appreciation for the arts and allows students to explore their talents and interests in a meaningful way.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $278,706
  • Program Service Revenue: $0
  • Gross Receipts: $3,222,228

    • Assets and Liabilities:
  • Total Assets: $5,762,475
  • Total Liabilities: $395,996
  • Net Assets: $5,366,479
  • Organization Details

    Founding Year

    2001

    Principal Officer

    Nick Leopoulos

    Main Address

    401 MAIN ST 100, NORTH LITTLE ROCK, AR, 72114

    NTEE Category

    Code: P40 - Human services

    If you are a representative of Thea Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.