Charity
FOUNDATION FOR THE ARTS AND SOCIAL ENTERPRISE LIMITED
About
What does FOUNDATION FOR THE ARTS AND SOCIAL ENTERPRISE LIMITED do?
FOUNDATION FOR THE ARTS AND SOCIAL ENTERPRISE LIMITED is a charity organization dedicated to promoting and supporting arts and culture initiatives in Singapore, with a focus on advancing creative life in society and elevating Singapore's status as a global cultural hub. They nurture local artistic talent, foster international cultural exchanges through performing arts, and organize events that encourage the involvement of local artists in the international arena. Their mission is to improve the vibrancy, quality of life, and enthusiasm for arts and culture initiatives by promoting shared values such as compassion, community, cohesion, contribution, and commitment towards developing a creative arts environment. They also establish networks that engage individuals and organizations with similar goals in united efforts to raise public awareness and facilitate events through strategic networking and partnerships
Founded
2014
People
goh ching lee, wee eng hock ronnie, tay cheow ann michael
Causes
AllEducationHealth & WellnessHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 2014
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Promotion and support of arts and culture initiatives to enhance Singapore's cultural life and position as a global cultural hub.
- Nurturing local artistic talent and encouraging innovative creative ventures.
- Cultural exchange programs with other countries through the medium of performing arts.
- Providing platforms for promoting, establishing, and operating various creative arts events, conferences, conventions, meetings, and performances in Asia and beyond.
- Engaging local artistes to showcase Singapore's creative edge on an international stage.
- Fostering a vibrant and quality-of-life enhancing arts and culture environment through shared values of compassion, community, cohesion, contribution, and commitment.
- Building networks for united and cooperative efforts in promoting
Donation Income
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Financials
Donation Income
What are the donations used for?
- Promotion and support of arts and culture initiatives to enhance Singapore's cultural life and position as a global cultural hub.
- Nurturing local artistic talent and encouraging innovative creative ventures.
- Cultural exchange programs with other countries through the medium of performing arts.
- Providing platforms for promoting, establishing, and operating various creative arts events, conferences, conventions, meetings, and performances in Asia and beyond.
- Engaging local artistes to showcase Singapore's creative edge on an international stage.
- Fostering a vibrant and quality-of-life enhancing arts and culture environment through shared values of compassion, community, cohesion, contribution, and commitment.
- Building networks for united and cooperative efforts in promoting
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Financial Information
Source: Charity PortalCharities and IPCs are required to prepare the financial statements in accordance to the Charities (Accounts and Annual Report) Regulations and the Charities (Institutions of A Public Character) Regulations, where applicable. The financial statement is available online for latest 3 financial years.
| Receipts | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 238,179 | 133,000 | 264,026 |
| Non Tax-Deductible | 52,258 | 75,896 | 261,645 |
| Total Donations in Cash | 290,437 | 208,896 | 525,671 |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 0 | 0 | 0 |
| Total Donations in Kind | 0 | 0 | 0 |
| Government Grants | 245,323 | 135,542 | 294,364 |
| Investment Income | 0 | 0 | 0 |
| Programme Fees | 0 | 0 | 0 |
| Others Income | 0 | 0 | 0 |
| Total Receipts | 535,760 | 344,438 | 820,035 |
| Capital in Nature | 0 | 0 | 0 |
| Expenses | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 591,603 | 588,749 | 682,945 |
| Overseas (Direct & Support) | 0 | 46,191 | 0 |
| Charitable Activities/Programme Expenses | 591,603 | 634,940 | 682,945 |
| Expenses | |||
| Other Expenses | 63,273 | 61,780 | 77,160 |
| Total Expenditure | 654,876 | 696,720 | 760,105 |
| Balance Sheet | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 0 | 0 | 0 |
| Other Tangible Assets | 2,219 | 7,087 | 9,923 |
| Investments | 0 | 0 | 0 |
| Inventories | 0 | 0 | 0 |
| Account Receivables | 120,360 | 283,712 | 0 |
| Cash & Deposits | 414,552 | 346,704 | 817,772 |
| Other Assets | 0 | 0 | 152,364 |
| Total Assets | 537,131 | 637,503 | 980,059 |
| Funds | |||
| Total Unrestricted Funds | 493,181 | 612,297 | 964,579 |
| Total Restricted Funds | 0 | 0 | 0 |
| Endowments Funds | 0 | 0 | 0 |
| Total Funds and Reserves | 493,181 | 612,297 | 964,579 |
| Liabilities | |||
| Total Current Liabilities | 43,950 | 25,206 | 15,480 |
| Total Non-Current Liabilities | 0 | 0 | 0 |
| Total Liabilities | 43,950 | 25,206 | 15,480 |
| Total Funds and Liabilities | 537,131 | 637,503 | 980,059 |
| Other Information | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | 0 | 0 | 0 |
| No. of Employees | 0 | 0 | 0 |
| Total Employee Cost | 0 | 0 | 0 |
| Fudnraisig Efficiency Ratio | 0 | 0 | 0 |
| Total Related Party Transactions | 5,836 | 61,500 | 0 |
People
People at FOUNDATION FOR THE ARTS AND SOCIAL ENTERPRISE LIMITED work towards promoting arts and culture initiatives in Singapore, nurturing local artistic talent, fostering international cultural exchanges through performing arts, organizing events that encourage the involvement of local artists in the international arena, improving vibrancy and quality of life for arts and culture initiatives by promoting shared values such as compassion, community, cohesion, contribution, and commitment towards developing a creative arts environment. They also establish networks that engage individuals and organizations with similar goals in united efforts to raise public awareness and facilitate events through strategic networking and partnerships.
goh ching lee
wee eng hock ronnie
tay cheow ann michael
News
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