Overview
What is Maine Museum Of Innovation Learning And Labor?
The Maine Museum of Innovation, Learning, and Labor, located at 35 Canal Street, Lewiston, ME 04240, is a nonprofit organization with a mission to celebrate and share the untold stories of workers. Its primary goal is to foster community connections and inspire future creativity and ingenuity. The museum generates revenue from various sources, including education programs, admissions, exhibits, and licenses for limited use of images or documents. With a team of three dedicated individuals, this cultural hub aspires to be a dynamic center that nurtures the aspirations of tomorrow.
Official website here: www.mainemill.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Stars
The Maine Museum Of Innovation Learning And Labor has received a One-Star rating from Charity Navigator, reflecting concerns primarily related to its financial performance. The rating is derived solely from the Accountability & Finance metrics, where the organization scored 57%. While it demonstrates strong governance practices, including a fully independent board and policies for conflict of interest and whistleblowing, the low score in financial metrics raises significant questions about the efficiency of its program expenses.
A noteworthy strength of the organization is its governance structure, highlighted by a fully independent board and the absence of any material diversion of assets. Additionally, the museum has made its operational policies transparent, maintaining documentation of board meeting minutes and adhering to good practices in document retention. However, despite these strengths, the museum's program expense ratio stands at only 50.98%, indicating that a large portion of its budget may not be directed effectively towards its mission-driven programs.
Overall, the museum's low program expense ratio compared to its overall financial management raises concerns about its operational efficiency and effectiveness in fulfilling its charitable purpose. Stakeholders may want to consider these factors when evaluating the organization's impact and potential for future growth.
This AI summary has been generated from information found on Charity Navigator.
Is Maine Museum Of Innovation Learning And Labor legitimate?
Maine Museum Of Innovation Learning And Labor is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maine Museum Of Innovation Learning And Labor 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: $92,998
Professional Fundraising Fees: $0
Other Salaries and Wages: $100,671
For more financial information, click here
Official website here: www.mainemill.org
What is the mission statement of Maine Museum Of Innovation Learning And Labor?
The Maine Museum of Innovation, Learning, and Labor's mission is to commemorate the tales, both known and unknown, of workers. Its goal is to cultivate community connections and inspire future creativity and ingenuity. The museum aspires to transform into a cultural hub that ignites the aspirations of tomorrow. Through its activities, it celebrates the impact of labor on society, fostering an environment that encourages innovation and learning. The museum generates revenue from its educational programs, admissions, exhibits, and licensing agreements, allowing it to share these stories with a wider audience.
Official website here: www.mainemill.org
Who is the CEO of Maine Museum Of Innovation Learning And Labor?
Rachel Ferrante is the Director of Maine Museum Of Innovation Learning And Labor.
Official website here: www.mainemill.org
What is the revenue of Maine Museum Of Innovation Learning And Labor?
Maine Museum Of Innovation Learning And Labor's revenue in 2022 was $791,829.
Official website here: www.mainemill.org
Who are the executives of Maine Museum Of Innovation Learning And Labor and what are their salaries?
The average compensation at Maine Museum Of Innovation Learning And Labor during 2022 was $64,556. There are 3 employees and 19 volunteers at Maine Museum Of Innovation Learning And Labor.
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Official website here: www.mainemill.org
Where can I find the form 990 for Maine Museum Of Innovation Learning And Labor?
Maine Museum Of Innovation Learning And Labor's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mainemill.org
Learn more at the official website: www.mainemill.org
Mission Statement of Maine Museum Of Innovation Learning And Labor
The Maine Museum of Innovation, Learning, and Labor has a mission to celebrate and bring light to the untold stories of workers, with the goal of fostering community connections and inspiring future creativity and ingenuity. This museum aspires to become a cultural hub that nurtures the dreams of tomorrow. By celebrating the tales of workers, the institution aims to bridge gaps and foster a sense of unity within the community. It seeks to inspire the next generation to think creatively and innovatively, thereby setting the stage for a prosperous future. The museum's vision is to serve as a beacon of inspiration, drawing on the experiences of workers to fuel the ambitions of tomorrow's leaders. Its mission is to celebrate the past, present, and future of work, and to inspire individuals to create their own stories of innovation and progress.
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Impact
July, 2024
Maine Museum Of Innovation Learning And Labor's impact lies in its mission to celebrate the stories of workers, fostering community connections and inspiring future creativity and ingenuity. By serving as a cultural hub that fuels the dreams of tomorrow, the museum contributes to preserving and sharing the history and legacy of labor in Maine. Through earned revenue from education programs, admissions, exhibits, and licenses, the museum sustains its efforts to educate and engage the public in the rich narratives of workers. This organization plays a vital role in highlighting the importance of labor in society and shaping a more informed and connected community.
This information is meant to be a general summary of Maine Museum Of Innovation Learning And Labor. 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: $29,138
- Program Service Revenue: $4,975
- Gross Receipts: $853,757
Assets and Liabilities:
- Total Assets: $6,171,436
- Total Liabilities: $6,074
- Net Assets: $6,165,362
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS - EXHIBITS
Revenue
$4,975
Organization Details
Founding Year
1994
Phone
(207) 333-3881Principal Officer
Rachel Ferrante
Main Address
35 CANAL STREET RMSTE BOX A7, LEWISTON, ME, 04240
Website
www.mainemill.orgNTEE Category
Code: A50 - Arts
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