Charity
NANYANG ACADEMY OF FINE ARTS
About
What does NANYANG ACADEMY OF FINE ARTS do?
Nanyang Academy of Fine Arts (NAFA) is a renowned charity organization dedicated to enriching lives and communities by providing exceptional education in the arts, fostering creativity, and promoting personal growth through various artistic practices.
Founded
2010
People
low sin leng, tham kwang hsueh yvonne, chia wee boon, tan li sheng (chen lisheng), koh aun, elvin lim tze kiat, ting wei jin, kennie, kan yaw kiong @ ernest, leong weng kam, harasha binte khalid bafana
Causes
AllEducationHealth & WellnessHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 2010
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Promotes artistic expression: NAFA provides a platform for individuals to explore and develop their creative talents, contributing to a more culturally rich and diverse society.
- Fosters community engagement: Through various outreach programs and collaborations with local communities, NAFA helps bring people together and strengthen social bonds.
- Encourages lifelong learning: By offering continuous education in the arts, NAFA supports personal growth and development for individuals of all ages, contributing to a more knowledgeable and adaptive society.
- Supports economic development: Graduates from NAFA can contribute to various sectors such as advertising, design, media, and entertainment industries, helping drive the economy forward.
- Preserves cultural heritage: By teaching traditional arts techniques and promoting appreciation
Donation Income
Fundraising Efficiency
This indicates the cost to raise a single dollar. A lower cost suggests the charity is more efficient in its fundraising efforts.
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?
- Promotes artistic expression: NAFA provides a platform for individuals to explore and develop their creative talents, contributing to a more culturally rich and diverse society.
- Fosters community engagement: Through various outreach programs and collaborations with local communities, NAFA helps bring people together and strengthen social bonds.
- Encourages lifelong learning: By offering continuous education in the arts, NAFA supports personal growth and development for individuals of all ages, contributing to a more knowledgeable and adaptive society.
- Supports economic development: Graduates from NAFA can contribute to various sectors such as advertising, design, media, and entertainment industries, helping drive the economy forward.
- Preserves cultural heritage: By teaching traditional arts techniques and promoting appreciation
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.
Fundraising Efficiency
This indicates the cost to raise a single dollar. A lower cost suggests the charity is more efficient in its fundraising efforts.
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 | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 777,465 | 2,125,224 | 532,181 |
| Non Tax-Deductible | 809,762 | 250,926 | 91,979 |
| Total Donations in Cash | 1,587,227 | 2,376,150 | 624,160 |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 0 | 0 | 0 |
| Total Donations in Kind | 0 | 0 | 0 |
| Government Grants | 25,221,988 | 28,054,138 | 29,769,319 |
| Investment Income | 1,381,336 | 607,209 | 527,279 |
| Programme Fees | 38,509,724 | 37,185,108 | 38,831,361 |
| Others Income | 5,060,337 | 4,869,123 | 4,536,578 |
| Total Receipts | 71,760,612 | 73,091,728 | 74,288,697 |
| Capital in Nature | 1,240,191 | 2,187,041 | 579,565 |
| Expenses | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 80,433 | 52,785 | 10,572 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 59,510,963 | 57,118,870 | 54,202,556 |
| Overseas (Direct & Support) | 206,038 | 83,754 | 19,073 |
| Charitable Activities/Programme Expenses | 59,717,001 | 57,202,624 | 54,221,629 |
| Expenses | |||
| Other Expenses | 9,085,469 | 9,020,754 | 8,830,531 |
| Total Expenditure | 68,882,903 | 66,276,163 | 63,062,732 |
| Balance Sheet | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 51,437,171 | 57,688,728 | 63,940,285 |
| Other Tangible Assets | 13,314,889 | 13,269,773 | 12,203,555 |
| Investments | 28,935,597 | 18,616,549 | 15,012,899 |
| Inventories | 0 | 0 | 0 |
| Account Receivables | 833,668 | 4,764,640 | 2,337,193 |
| Cash & Deposits | 65,326,288 | 68,978,829 | 73,222,650 |
| Other Assets | 1,920,214 | 1,629,526 | 2,181,066 |
| Total Assets | 161,767,827 | 164,948,045 | 168,897,648 |
| Funds | |||
| Total Unrestricted Funds | 66,842,151 | 66,997,859 | 69,062,780 |
| Total Restricted Funds | 25,819,993 | 22,786,576 | 13,906,090 |
| Endowments Funds | 0 | 0 | 0 |
| Total Funds and Reserves | 92,662,144 | 89,784,435 | 82,968,870 |
| Liabilities | |||
| Total Current Liabilities | 24,215,291 | 25,196,301 | 31,483,183 |
| Total Non-Current Liabilities | 44,890,392 | 49,967,309 | 54,445,595 |
| Total Liabilities | 69,105,683 | 75,163,610 | 85,928,778 |
| Total Funds and Liabilities | 161,767,827 | 164,948,045 | 168,897,648 |
| Other Information | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | 0 | 0 | 0 |
| No. of Employees | 651 | 657 | 629 |
| Total Employee Cost | 40,735,483 | 39,921,081 | 30,917,664 |
| Fudnraisig Efficiency Ratio | 5 | 2 | 1 |
| Total Related Party Transactions | 1,587,922 | 1,579,153 | 2,208,713 |
People
At Nanyang Academy of Fine Arts (NAFA), individuals are engaged in a variety of activities aimed at enriching lives and communities by providing exceptional education in the arts, fostering creativity, and promoting personal growth through various artistic practices.
low sin leng
tham kwang hsueh yvonne
chia wee boon
tan li sheng (chen lisheng)
koh aun
elvin lim tze kiat
ting wei jin, kennie
kan yaw kiong @ ernest
leong weng kam
harasha binte khalid bafana
News
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