Overview
What is Portland Museum Of Art?
The Portland Museum of Art, based in Portland, Maine, is a prominent nonprofit institution dedicated to delivering outstanding educational programs and activities centered around its collection. With a mission to make art accessible to all, this museum strives to be an inclusive cultural center for the city and region. They accommodated 64,772 participants in 2022. The museum employs a team of 127 individuals and is located at 7 Congress Square in Portland, ME, with a ZIP code of 04101.
Official website here: www.portlandmuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%
The Portland Museum Of Art has achieved a perfect Four-Star out of Four Star rating from Charity Navigator, indicating exceptional accountability and financial health. With a full score of 100% in both overall rating and accountability & finance metrics, the organization demonstrates a strong commitment to transparency and responsible management of resources.
Strengths of the museum include a fully independent board consisting of 38 members, effective financial oversight with no material diversion of assets, and adherence to best practices in governance such as having conflict of interest and whistleblower policies in place. Its program expenses are also notably high at 69.64%, indicating a strong focus on its mission-related activities.
While the museum's financial ratios reflect excellent efficiency, with a fundraising cost of only $0.12 per dollar raised and a working capital ratio of 9.75 years, any limitations or areas for improvement were not highlighted in the available data. Overall, the Portland Museum Of Art stands out as a financially sound and well-governed nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Portland Museum Of Art legitimate?
Portland Museum Of Art is a legitimate nonprofit organization registered as a 501(c)(3) entity. Portland Museum Of Art 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: $880,302
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,545,135
For more financial information, click here
Official website here: www.portlandmuseum.org
What is the mission statement of Portland Museum Of Art?
The Portland Museum of Art is committed to making art accessible to all, fostering an inclusive environment that encourages open expression. Through exceptional educational programs and collection-based activities, the institution serves as a cultural cornerstone for the community, engaging over 64,000 participants in 2022. Its mission goes beyond the gallery walls, reaching out to diverse audiences and enriching lives through art.
Official website here: www.portlandmuseum.org
Who is the CEO of Portland Museum Of Art?
Mark Hc Bessire is the Principal Officer of Portland Museum Of Art.
Official website here: www.portlandmuseum.org
What is the revenue of Portland Museum Of Art?
Portland Museum Of Art's revenue in 2023 was $21,796,721.
Official website here: www.portlandmuseum.org
Who are the executives of Portland Museum Of Art and what are their salaries?
The average compensation at Portland Museum Of Art during 2023 was $42,720. There are 127 employees and 245 volunteers at Portland Museum Of Art.
Here are 45 key members and their salaries:
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Official website here: www.portlandmuseum.org
Where can I find the form 990 for Portland Museum Of Art?
Portland Museum Of Art's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.portlandmuseum.org
Learn more at the official website: www.portlandmuseum.org
Mission Statement of Portland Museum Of Art
The Portland Museum of Art is dedicated to making art accessible to all, fostering an inclusive environment that encourages open expression. Its mission is threefold: first, it seeks to create exceptional educational programs and activities using the museum's collection to inspire and enrich the lives of diverse audiences. In 2022, the museum reached 64,772 participants through these initiatives, solidifying its role as a vital cultural center for the city and region. Second, the Portland Museum of Art is committed to being an inclusive space where art enthusiasts from all walks of life can come together to engage, learn, and be inspired. Lastly, the museum is a significant cultural institution that contributes to the community by providing a platform for art and creativity, encouraging dialogue, and nurturing the next generation of artists and art lovers.
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Impact
August, 2024
The Portland Museum of Art serves as a vital cultural center in Portland, Maine, impacting the city and region in significant ways. Through its educational programs, the museum engages with a diverse audience of over 64,000 participants annually. By offering collection-based activities and inspiring programs, the museum enriches the lives of individuals from various backgrounds and fosters a sense of creativity and appreciation for the arts. As a hub for art and culture, the Portland Museum of Art plays a crucial role in promoting open expression and making art accessible to all, embodying its mission of "Art for All."
This information is meant to be a general summary of Portland Museum Of Art. 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 2023.
- Investment Income: $252,934
- Program Service Revenue: $819,620
- Gross Receipts: $24,814,774
Assets and Liabilities:
- Total Assets: $88,965,309
- Total Liabilities: $1,561,154
- Net Assets: $87,404,155
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Admissions
Revenue
$546,727
Program Revenues
Revenue
$244,073
Deaccessioning Revenue
Revenue
$28,820
Organization Details
Founding Year
1882
Phone
(207) 775-6148Principal Officer
Mark Hc Bessire
Main Address
7 Congress Square, Portland, ME, 04101
Website
www.portlandmuseum.orgNTEE Category
Code: A510 - Arts
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