About Traditional Fine Arts Organization: Financial information (original) (raw)

Financial information

Through the generosity of time and talent on the part of hundreds of volunteers, our avoidance of paid staff, and other efficiencies, we able to operate with negligible financial resources. We are 100% non-commercial, is funded solely by donations and receives no government support.

For historical financial and governance information, you may view online the State of Arizona Corporation Commission Corporation Annual Report & Certificate of Disclosure for each year by clicking here, then clicking on "Corporate Records," and then "Corporations Annual Reports by Name." Either enter File Number 1088188-7 or Traditional Fine arts Organization to view the annual reports. Please note that no statement of financial condition is required. This is because of legislation enacted exempting nonprofit corporations of a specified class which includes us.

Our Federal Identification Number is 14-1892264 (see IRS tax exempt status letters)

Assets and liabilities

Net assets, as of December 31, 2023 were 20,119,consistingof10020,119, consisting of 100% cash for day-to-day operations. We possesses no office equipment, furniture, or other assets of significant value. Current liabilities, including pending bills related to internet and phone service, plus other incidental expenses as of December 31, 2023 were less than 20,119,consistingof100200. We have no long-term liabilities.

Our website has negligible income-producing value because we have assured sources of published texts and images that our site will not be used for income producing purposes such as offsite sale of contents, charges to any type of viewer for access to content on pages within its site, and acceptance of paid advertising on its pages containing content provided by outside parties. Pages containing content provided by outside parties, with copyright to that content held by them or other parties, equal nearly 100% of our website pages. Our promise of non-commercial use of our website is one of the main reasons our sources have allowed us to publish their copyrighted materials. Attempting to have financial gain from the contents of the site would amount to a betrayal of the trust of the hundreds of sources that have provided texts and images to us over the years.

Typical annual income and expenses

Since its inception in 2003, we have provided all of its services without charge. We have always relied 100% on donations for its revenue and is completely noncommercial. Donors receive no tangible benefits from their gifts. No business activities are conducted. No sales are made of any goods or services.

We had an annual budget in prior years larger than at present, mainly due to expenditures to: introduce itself to future sources of site content, establish audience awareness and credibility, evolve more efficient methods of operation, build a larger volume of scholarly texts, and provide modest financial assistance to other non-profit organizations. We are presently firmly established and sustaining systems in place; far less funds are needed for operations. The current budget includes sharing of some costs with an outside party.

Financial support

We don't solicit financial support from public or private sources. We appreciate support via your time and talent, which are of inestimable value. We do also accept financial contributions. We invite you to donate directly to many worthy arts organizations that feature American representational art. Names we currently track are at A-C D-G H-L M-Q R-S T-Z. Many more are listed as follows:

Closed museums, those without focus on representational art, without special exhibits or only member group exhibits; and museums without permanent URLs for exhibits: 2023 audit, Limited descriptions of past exhibits - A>L Audited 2023, Page 1 and Limited descriptions of past exhibits - M>Z. Audited 2023, page 2.

Frankly, there's many excellent art museums and art centers that need your financial support more than us. Consider reviewing how we go about financial assistance to nonprofits for programming, roll up your sleeves, and do it yourself. Another thought - pen a number today, double it tomorrow, and write your handsome check to one of them the day after that. Who ever regretted giving to a worthy cause?

We have earned a 2021-2024 GuidestarPlatinum Seal of Transparency. See our Profileon Candid

If you have questions, please send email to:

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Links to sources of information outside of our website are provided only as referrals for your further consideration. Please use due diligence in judging the quality of information contained in these and all other web sites. Information from linked sources may be inaccurate or out of date. TFAO neither recommends or endorses these referenced organizations. Although TFAO includes links to other websites, it takes no responsibility for the content or information contained on those other sites, nor exerts any editorial or other control over them. For more information on evaluating web pages see TFAO's General Resources section in Online Resources for Collectors and Students of Art History.