Overview
What is Fifth Maine Regiment Museum?
The Fifth Maine Regiment Museum is a nonprofit organization situated in Peaks Island, Maine. With a small team of five dedicated individuals, their primary mission is to preserve and promote the Memorial Hall, historical artifacts, and the legacy of the Fifth Maine Civil War Regiment. This mission serves to educate and enrich the local community by fostering an appreciation for Peaks Island's history and the sacrifices made by the regiment. To achieve this, they focus on maintaining and repairing the historic facility, ensuring its continued operation for future generations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 59%, One-Star out of Four Stars
The Fifth Maine Regiment Museum has received a One-Star rating from Charity Navigator, indicating significant areas for improvement in its accountability and finance practices. The organization has a relatively good score in terms of board independence and asset management, with all board members being independent and no material diversion of assets reported. However, the overall rating reflects concerns primarily related to the absence of essential policies and transparency measures.
The museum's accountability and finance score is notably low due to several missing key documents such as a conflict of interest policy, a whistleblower policy, and a document retention policy. Additionally, the museum's website is not listed on its tax form, and required financial documents are not posted on its website. These deficiencies highlight a lack of transparency that could affect donor confidence and overall operational integrity.
On a positive note, the organization maintains a favorable liabilities to assets ratio and has a reasonable program expense ratio, which indicates that a decent portion of its resources is directed towards programs. Nonetheless, the museum needs to address its governance and transparency issues to enhance its credibility and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Fifth Maine Regiment Museum legitimate?
Fifth Maine Regiment Museum is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fifth Maine Regiment Museum 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,437
For more financial information, click here
What is the mission statement of Fifth Maine Regiment Museum?
The Fifth Maine Regiment Museum is dedicated to preserving and promoting the Memorial Hall, its artifacts, the history of Peaks Island, and the legacy of the Fifth Maine Civil War Regiment. This mission is aimed at enriching and educating the community. To achieve this, the museum carries out maintenance and repairs to preserve the historic facility, ensuring its continued operation. The museum's activities are focused on safeguarding the past and sharing it with the present, thereby fostering a deeper understanding and appreciation of its historical significance.
Who is the CEO of Fifth Maine Regiment Museum?
Susan Hanley is the President of Fifth Maine Regiment Museum.
What is the revenue of Fifth Maine Regiment Museum?
Fifth Maine Regiment Museum's revenue in 2022 was $158,340.
Who are the executives of Fifth Maine Regiment Museum and what are their salaries?
The average compensation at Fifth Maine Regiment Museum during 2022 was $1,887. There are 5 employees at Fifth Maine Regiment Museum.
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Where can I find the form 990 for Fifth Maine Regiment Museum?
Fifth Maine Regiment Museum's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fifth Maine Regiment Museum
The Fifth Maine Regiment Museum's mission is centered around preserving and promoting the Memorial Hall, historical artifacts, and the legacy of the Fifth Maine Civil War Regiment. This nonprofit organization aims to enrich the community through education by safeguarding these valuable assets. The Museum's primary objective is to ensure the continued existence and operation of the historic facility, which holds significant historical importance related to Peaks Island and the Fifth Maine Regiment. By preserving these treasures, the Museum contributes to a deeper understanding and appreciation of the past, thereby enriching the present and future generations.
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Impact
October, 2024
The Fifth Maine Regiment Museum significantly impacts the Peaks Island community by preserving and promoting local history, particularly the legacy of the Fifth Maine Civil War Regiment. By maintaining the historic Memorial Hall and its artifacts, the museum serves as a vital educational resource, enriching the understanding of the area’s heritage. It fosters a deeper connection to the past, encouraging community engagement and appreciation for the unique history of Peaks Island. Through its activities, the museum not only safeguards important cultural elements but also enhances the community's identity and sense of place.
This information is meant to be a general summary of Fifth Maine Regiment Museum. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$5,513
- Program Service Revenue: $18,432
- Gross Receipts: $158,340
Assets and Liabilities:
- Total Assets: $1,702,750
- Total Liabilities: $0
- Net Assets: $1,702,750
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MUSEUM ADMISSIONS
Revenue
$18,432
Organization Details
Founding Year
1955
Phone
(207) 766-5950Principal Officer
Susan Hanley
Main Address
PO BOX 41, PEAKS ISLAND, ME, 04108
NTEE Category
Code: A54 - Arts
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