Overview
What is Museum Of Science?
The Museum of Science, located in Boston, Massachusetts, is a renowned nonprofit organization dedicated to igniting a lifelong love for science in everyone. With a mission rooted in accessibility and engagement, the Museum spans over 132,000 sq ft of gallery and related space, housing more than 900 interactive exhibits in various scientific domains. Their initiatives extend beyond their physical location, as they collaborate with numerous institutions to create and share exhibits and programs on current science and technology topics. The Museum is a leading partner in the National Informal STEM Education Network, comprising approximately 600 museums, colleges, universities, libraries, scientific professional organizations, and research institutions. By producing and hosting traveling exhibits like the Science Behind Pixar, and collaborating on others, the Museum brings science to a wider audience. Their mission is to make science and scientific thinking enjoyable, relevant, and accessible to all.
Official website here: www.mos.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
The Museum of Science has achieved a notable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial practices. The rating is based primarily on a comprehensive assessment of financial metrics, with a perfect score in several key areas such as the majority of independent board members and effective financial oversight. This high score underscores the organization’s commitment to transparency and responsible stewardship of funds.
Strengths of the Museum of Science include its robust governance structure, with all board members being independent and a strong audit and oversight committee in place. Additionally, the organization maintains an impressive program expense ratio of nearly 73%, indicating that a significant portion of its expenditures directly supports its educational and scientific initiatives, further enhancing its mission impact.
While the Museum of Science demonstrates excellent financial health and governance, the summary does not mention any specific limitations or areas for improvement. Overall, the organization stands out as a reputable nonprofit, well-positioned to deliver on its mission and serve the community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Museum Of Science legitimate?
Museum Of Science is a legitimate nonprofit organization registered as a 501(c)(3) entity. Museum Of Science 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: $2,098,483
Professional Fundraising Fees: $497,594
Other Salaries and Wages: $20,193,313
For more financial information, click here
Official website here: www.mos.org
What is the mission statement of Museum Of Science?
The Museum of Science is dedicated to igniting a lasting curiosity about science in all individuals. Through a variety of means, including exhibits, educational programs, and events, both in-person and virtual, the museum makes science accessible, engaging, and relevant to the public. By collaborating across scientific disciplines, the museum encourages people to see the science in their everyday lives and fosters a deeper appreciation for scientific thinking. The organization's ultimate goal is to inspire a world where science belongs to everyone for the betterment of all.
Official website here: www.mos.org
Who is the CEO of Museum Of Science?
Tim Ritchie is the Principal Officer of Museum Of Science.
Official website here: www.mos.org
What is the revenue of Museum Of Science?
Museum Of Science's revenue in 2022 was $71,466,361.
Official website here: www.mos.org
Who are the executives of Museum Of Science and what are their salaries?
The average compensation at Museum Of Science during 2022 was $48,886. There are 456 employees and 432 volunteers at Museum Of Science.
Here are 66 key members and their salaries:
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Official website here: www.mos.org
Where can I find the form 990 for Museum Of Science?
Museum Of Science's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mos.org
Learn more at the official website: www.mos.org
Mission Statement of Museum Of Science
The Museum of Science, a renowned nonprofit organization, is committed to igniting a passion for science in every individual. By offering a range of engaging and accessible exhibits, curricula, programs, and events, both in-person and online, the Museum makes scientific concepts and thinking relatable and enjoyable for all. The organization's vision extends beyond the realm of the Museum's walls, as it collaborates with various disciplines to encourage people everywhere to recognize the science that exists in their everyday lives.
The Museum of Science strives to create an environment where science is accessible and relevant to everyone. Through its mission, it inspires a lifelong love of science in every person, making scientific discoveries and innovations a part of everyday conversations. The organization's team of dedicated professionals works tirelessly to develop captivating experiences and resources that foster curiosity and spark imaginations. By making science accessible and engaging, the Museum of Science fosters a sense of wonder and appreciation for the world around us.
In pursuit of its mission, the Museum of Science is more than just a collection of exhibits. It serves as a catalyst for scientific discovery, a hub for scientific exploration, and a beacon of scientific inspiration. Its vision is a world where science is a shared experience, bringing people closer together and inspiring them to make a difference in their communities and the world.
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Impact
October, 2024
The Museum of Science has a profound impact on the community by inspiring a lifelong love of science in people of all ages. With over 900 standing exhibits spread across 132,000 square feet of gallery space, the Museum provides immersive hands-on experiences that cover a wide array of scientific disciplines and their societal implications.
Through its extensive collection of permanent and traveling exhibits, the Museum fosters a deeper understanding of current science and technology topics, collaborating with institutions such as the National Informal STEM Education Network (NISENet). This collaboration connects approximately 600 museums, universities, and research organizations, reinforcing the importance of informal STEM education.
Exhibits like the Science Behind Pixar not only highlight the intersection of creativity and scientific principles but also tour various international venues, extending the Museum's reach beyond Boston. The impact of these engaging displays encourages guests to recognize and appreciate the relevance of science in their everyday lives, promoting critical thinking and curiosity.
By offering both live and virtual programs, curricula, and events, the Museum ensures that science is accessible and engaging for everyone, regardless of background or experience. Its vision of a world where science is universally embraced contributes significantly to building informed communities that appreciate the value of scientific inquiry for societal advancement.
This information is meant to be a general summary of Museum Of Science. 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: $9,848,058
- Program Service Revenue: $20,271,957
- Gross Receipts: $174,701,763
Assets and Liabilities:
- Total Assets: $344,840,843
- Total Liabilities: $21,730,452
- Net Assets: $323,110,391
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Admissions
Revenue
$9,986,803
Parking
Revenue
$3,913,404
Educational Program Income
Revenue
$586,827
Exhibit Rental Fees & Membership Benefits
Revenue
$5,761,438
Organization Details
Founding Year
1831
Phone
(617) 723-2500Principal Officer
Tim Ritchie
Main Address
1 Science Park, Boston, MA, 021141099
Website
www.mos.orgNTEE Category
Code: A570 - Arts
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