Overview
What is Friends Of The Lobkowicz Collections Inc?
Friends of the Lobkowicz Collections Inc, based in Dover, Massachusetts, is a nonprofit organization dedicated to preserving and restoring the natural and cultural treasures of the Czech Republic. By providing financial support, they aim to make these national treasures more accessible to the public and offer opportunities to study Czech cultural heritage. Their mission also includes garnering new support for cultural life in the Czech Republic, thereby contributing to its overall development. With a small team of dedicated individuals, this nonprofit plays a significant role in upholding and showcasing the rich cultural heritage of the Czech Republic.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Friends Of The Lobkowicz Collections Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in certain operational areas. While the organization scores highly in accountability and finance, reflecting strong oversight with a fully independent board, the lack of financial statements and several missing policies raises concerns about transparency and governance practices.
The organization's program expense ratio is commendable at 85.28%, suggesting that a significant portion of its funds is allocated directly to its programs. However, the absence of critical documents such as a conflict of interest policy and whistleblower policy is a notable limitation that could affect stakeholder trust and accountability.
Overall, while the nonprofit demonstrates strong financial health and adherence to board independence, the deficiencies in documentation and transparency practices highlight areas for development that may impact its reputation and operational effectiveness in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Lobkowicz Collections Inc legitimate?
Friends Of The Lobkowicz Collections Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Lobkowicz Collections 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: $0
Professional Fundraising Fees: $81,808
Other Salaries and Wages: $60,417
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What is the mission statement of Friends Of The Lobkowicz Collections Inc?
Friends of the Lobkowicz Collections Inc's mission is centered around preserving and making accessible the nation's cultural treasures. By doing so, they aim to provide opportunities for studying Czech cultural heritage and generate new support for cultural life in the Czech Republic. The organization's efforts have included funding the preservation and restoration of these national treasures, thereby contributing to the continuation and enhancement of cultural activities in the Czech Republic.
Who is the CEO of Friends Of The Lobkowicz Collections Inc?
William Lobkowicz is the Chairman/Director of Friends Of The Lobkowicz Collections Inc.
What is the revenue of Friends Of The Lobkowicz Collections Inc?
Friends Of The Lobkowicz Collections Inc's revenue in 2022 was $1,069,886.
Who are the executives of Friends Of The Lobkowicz Collections Inc and what are their salaries?
The average compensation at Friends Of The Lobkowicz Collections Inc during 2022 was $60,417. There is 1 employee at Friends Of The Lobkowicz Collections Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Friends Of The Lobkowicz Collections Inc?
Friends Of The Lobkowicz Collections Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of The Lobkowicz Collections Inc
Friends of the Lobkowicz Collections Inc is committed to preserving and safeguarding the nation's cultural treasures. Their mission is twofold: firstly, they strive to make these priceless assets more accessible to the public, and secondly, they aim to offer opportunities for studying Czech cultural heritage. Furthermore, the organization works towards garnering new support for cultural life in the Czech Republic. By providing funds for the preservation and restoration of these national treasures, Friends of the Lobkowicz Collections Inc has attracted new backing for cultural activities in their home country.
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Impact
July, 2024
Friends Of The Lobkowicz Collections Inc's impact is significant in helping preserve natural cultural treasures, making them more accessible to the public, and providing opportunities to study Czech cultural heritage. By providing funds for the preservation and restoration of cultural treasures in the Czech Republic, the organization has garnered new support for cultural life in the country. This has not only helped safeguard important historical artifacts but has also enriched the cultural landscape of the Czech Republic.
This information is meant to be a general summary of Friends Of The Lobkowicz Collections 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 2022.
- Investment Income: $9,186
- Gross Receipts: $1,069,886
Assets and Liabilities:
- Total Assets: $2,575,648
- Total Liabilities: $0
- Net Assets: $2,575,648
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Organization Details
Founding Year
1993
Phone
(508) 785-0864Principal Officer
William Lobkowicz
Main Address
PO BOX 814, DOVER, MA, 02030
NTEE Category
Code: A23Z - Arts
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