Financial information, volunteer time contribution and other information



 

Financial information

Traditional Fine Arts Organization, Inc. (TFAO)

 

Through the generosity of time and talent on the part of hundreds of volunteers, TFAO's avoidance of paid staff, and other efficiencies, TFAO is able to operate with negligible financial resources. TFAO is funded 100% 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 TFAO for each year by clicking here, then clicking on "Corporate Records," and then "Corporations Annual Reports by Name." You may 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 TFAO.

The Federal Identification Number for TFAO is 14-1892264

 

Assets and liabilities

Assets, as of December 31, 2016 were $438, consisting 100% of cash for day-to-day operations. A promised gift for the following calendar year will provide sufficient cash for continuing operations. Such gifts have been provided to TFAO since its inception and it is anticipated that they will be provided indefinitely. TFAO possesses no office equipment, furniture, or other assets of significant value.

The TFAO website has negligible income-producing value because TFAO has assured sources of published texts and images that the 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 those outside parties, equal nearly 100% of TFAO's Web pages. TFAO's promise of non-commercial use of its website is one of the main reasons the sources have allowed TFAO 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 TFAO over the years.

Current liabilities, including pending bills related to internet and phone service, plus other incidental expenses as of December 31, 2014 were less than $100. TFAO has no long-term liabilities.

 

Typical annual income and expenses

Since its inception in 2003, TFAO has provided all of its services without charge. TFAO has 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.

TFAO's typical annual budget for expenses is:

Internet hosting services: $80
Governmental fees and filings: $10
Office supplies: $100
Phone service: $100
Internet access service: $200
Fees, subscriptions and other: $200
Total: $690

TFAO 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. Now that TFAO is firmly established and sustaining systems in place, far less funds are needed to develop its publishing service. The current budget includes sharing of some costs with an outside party. No budget is currently provided for assistance to other non-profit organizations.

 

Volunteer time contribution

 

TFAO's website was built largely through the efforts of numerous volunteers over many years. To learn more about TFAO's volunteer opportunities please click here. Since TFAO's inception, one individual has continuously served as director, providing overall management and leadership on a volunteer basis. The following paragraphs explain the tasks and estimated time requirements of the director.

 

Core management volunteer time requirement

TFAO's online Catalogues, National Calendar of Art Exhibitions, Resource Library and Reports and Studies are the most important service features which TFAO intends to be preserved and enhanced by an acquirer. The management of core functions presently requires the following estimated monthly average minimum time commitment:

Design updates = 1 hour
 
America's Distinguished Artists updates = 5 hours
 
other Catalogues updates: 3 hours
 
National Calendar of Art Exhibitions: calendar updates = 2 hours; inquiry email letters to sources and follow up = 2 hours; total = 4 hours
 
Resource Library: original publication of 5 articles and essays at 2 hours per item including updating of indexes = 10 hours; additions to existing articles = 2 hours; correspondence with the public concerning published materials = .5 hours. total = 12.5 hours
 
Reports and Studies: The portion of this segment on the TFAO site requiring continuous maintenance is the Author Study and Index. This is because whenever an article or essay is published in Resource Library by a named author, information about the author and the text is logged into the Author Study and Index. .5 hours
 
Related public inquiries and general correspondence: 2 hours
 
Total services monthly time requirement: 28 hours

The above time estimates mainly reflect the level of site maintenance driven by normal cycling through the processes of the National Calendar of Art Exhibitions and the resultant publishing activity. Core management volunteer time is currently provided by the director of TFAO.

In addition, there are ancillary annual time requirements on the part of the director. Following are the major components:

Federal and state reporting: 1 hour
 
Banking, accounting and invoices processing: 4 hours
 
Miscellaneous: 2 hours
 
Total ancillary annual time requirements: 7 hours

In addition to the core and ancillary minimum time requirement estimated above, the director may elect to contribute additional time to manage volunteers for special projects.

 

Other information

 

TFAO is an acronym for Traditional Fine Arts Organization. On this website Traditional Fine Arts Organization, Inc. is alternately referred to as TFAO or TFAOI. TFAO's content may be searched through two two domain names: tfaoi.org and tfaoi.com. Visit TFAO's rankings and usage page to learn more about this feature.

For further information please see:

Site guide
 
How TFAO maintains pages
 
Vision of the Future
 
Publication delays

If you wish to contact TFAO, please send email to:

 

Return to the site guide

 

rev. 1/15/15


Copyright 2015 Traditional Fine Arts Organization, Inc., an Arizona nonprofit corporation. All rights reserved.