Overview
What is American Precision Museum Inc?
American Precision Museum Inc is a nonprofit organization situated in Windsor, Vermont. Their primary mission is to captivate the interest of both young and old by showcasing the innovative spirit, problem-solving abilities, and design principles that have shaped the manufacturing industry in America. They accomplish this through the preservation and presentation of historical machinery, people, and related artifacts. The museum serves as an educational platform, hosting programs for the general public to engage with this dynamic history. In fiscal year 2023, they welcomed 4,933 visitors, including 215 individual members. The organization is led by a team of 15 dedicated individuals who are committed to upholding and sharing this significant chapter in American history.
Official website here: www.americanprecision.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
The American Precision Museum Inc has received a Three-Star rating from Charity Navigator, indicating a generally favorable evaluation of its management and financial health. The charity has shown strong accountability and financial practices, evidenced by a high percentage of independent board members and no material diversion of assets. Additionally, the organization maintains a robust program expense ratio of nearly 70%, suggesting that a significant portion of its resources is directed towards its mission.
Strengths highlighted in the data include a well-defined governance structure, with 100% of board members being independent, which enhances the charity's credibility and operations. The organization has also effectively communicated its policies regarding conflict of interest and tax disclosures. However, it lacks some important policies such as a whistleblower policy and guidelines for document retention, which are essential for transparency and accountability.
On the cultural and community aspects, the museum scores well, suggesting a positive impact and engagement within its community. Its leadership and adaptability scores also reflect a capacity for growth and responsiveness to changing needs. While the overall rating is solid, addressing the noted limitations could strengthen the organization's governance and operational framework further.
This AI summary has been generated from information found on Charity Navigator.
Is American Precision Museum Inc legitimate?
American Precision Museum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Precision Museum Inc 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: $110,160
Professional Fundraising Fees: $0
Other Salaries and Wages: $275,447
For more financial information, click here
Official website here: www.americanprecision.org
What is the mission statement of American Precision Museum Inc?
The American Precision Museum Inc's mission is to captivate both young and old with the spirit of innovation, problem-solving, and design, showcased through the captivating narrative of the machines and individuals who shaped and continue to shape the manufacturing industry in America. The museum serves this purpose by operating as a venue, preserving historical buildings, collections, and archives, and conducting educational programs associated with its collection for the general public. In fiscal year 2023, the museum attracted 4,933 visitors, including 215 individual members.
Official website here: www.americanprecision.org
Who is the CEO of American Precision Museum Inc?
Steven Dalessio is the Chairman of American Precision Museum Inc.
Official website here: www.americanprecision.org
What is the revenue of American Precision Museum Inc?
American Precision Museum Inc's revenue in 2023 was $1,763,743.
Official website here: www.americanprecision.org
Who are the executives of American Precision Museum Inc and what are their salaries?
The average compensation at American Precision Museum Inc during 2023 was $25,707. There are 15 employees and 10 volunteers at American Precision Museum Inc.
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- Compensation: $108,000
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- Other: $2,160
Official website here: www.americanprecision.org
Where can I find the form 990 for American Precision Museum Inc?
American Precision Museum Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.americanprecision.org
Learn more at the official website: www.americanprecision.org
Mission Statement of American Precision Museum Inc
American Precision Museum Inc aims to captivate the curiosity and inspire the imagination of both young and old with the spirit of innovation, problem-solving, and design. This is achieved through the dynamic story of the machines and people that have shaped and continue to mold the foundation and future of the manufacturing industry in America. By operating a museum and preserving a historic building, collections, and archives, the museum provides an educational platform for the general public, sharing valuable insights into the history and evolution of manufacturing. In fiscal year 2023, American Precision Museum Inc served 4,933 visitors, including 215 individual members, demonstrating its commitment to educating and engaging the public in the captivating story of American manufacturing.
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Impact
July, 2024
American Precision Museum Inc's impact lies in capturing the imaginations of young and old with the spirit of innovation, problem-solving, and design demonstrated through the dynamic story of machines and people that form the foundation and future of the manufacturing industry in America. By operating a museum, preserving and maintaining a historic building, collections, and archives, and conducting educational programs for the general public, the museum serves as a vital platform for educating and inspiring individuals about the history and importance of precision manufacturing in the United States. With a focus on showcasing the evolution and ingenuity of American manufacturing, the American Precision Museum Inc plays a significant role in preserving this heritage and fostering a deeper appreciation for innovation and design.
This information is meant to be a general summary of American Precision Museum Inc. 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: $5,579
- Program Service Revenue: $75,009
- Gross Receipts: $2,298,148
Assets and Liabilities:
- Total Assets: $2,846,094
- Total Liabilities: $97,168
- Net Assets: $2,748,926
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER BENEFITS
Revenue
$42,627
MUSEUM ADMISSIONS
Revenue
$32,382
Organization Details
Founding Year
1966
Phone
(802) 674-5781Principal Officer
Steven Dalessio
Main Address
PO BOX 679, WINDSOR, VT, 05089
Website
www.americanprecision.orgNTEE Category
Code: A540 - Arts
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