Overview
What is The Parrish Art Museum Inc?
The Parrish Art Museum Inc, situated in Water Mill, New York, is a distinguished nonprofit organization accredited by the American Alliance of Museums. Established in 1897 by Samuel Longstreth Parrish, it was officially chartered by the University of the State of New York education department in 1954. The museum, following a successful renovation in 2012, features a new building designed by renowned architects Herzog and de Meuron, offering 12,000 square feet of gallery space to showcase its extensive collection of over 3,000 works along with temporary exhibitions. The museum's mission is to inspire and educate the public about art, hosting numerous public programs, film screenings, music events, talks, and workshops. The Parrish Art Museum Inc fosters an appreciation of art and promotes an understanding of various artworks to the general public.
Official website here: www.parrishart.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Parrish Art Museum Inc received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The score is derived entirely from its strong performance in the Accountability & Finance category, which demonstrates the organization's commitment to transparent and responsible financial practices.
Key strengths include a fully independent board of directors and robust financial oversight mechanisms, such as an Audit and Oversight Committee. The museum maintains a high program expense ratio, allocating over 76% of its budget to programs, which signifies a focus on its mission. Additionally, its low liabilities to assets ratio and efficient fundraising practices highlight its financial stability and operational effectiveness.
Despite its strengths, specific feedback on programmatic impact or community engagement is not detailed in the data. Despite this, the organization's strong financial health and governance structures suggest it is well-positioned to continue its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is The Parrish Art Museum Inc legitimate?
The Parrish Art Museum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Parrish Art 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: $489,231
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,904,241
For more financial information, click here
Official website here: www.parrishart.org
What is the mission statement of The Parrish Art Museum Inc?
The Parrish Art Museum Inc's mission is centered around fostering an appreciation for art. Through a variety of exhibitions and educational programs, the museum aims to promote understanding and appreciation of artworks to the general public. The museum's activities include presenting temporary exhibitions, hosting public programs, and offering inspiring classes and workshops. Its goal is to provide a platform where art enthusiasts can engage with various artistic perspectives, deepening their understanding and appreciation of the art world.
Official website here: www.parrishart.org
What is the revenue of The Parrish Art Museum Inc?
The Parrish Art Museum Inc's revenue in 2023 was $4,715,317.
Official website here: www.parrishart.org
Who are the executives of The Parrish Art Museum Inc and what are their salaries?
The average compensation at The Parrish Art Museum Inc during 2023 was $44,324. There are 54 employees and 49 volunteers at The Parrish Art Museum Inc.
Here are 31 key members and their salaries:
- Compensation: $330,000
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- Other: $9,232
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- Other: $9,016
- Compensation: $116,731
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- Other: $8,937
- Compensation: $108,858
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- Other: $2,991
- Compensation: $93,462
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- Other: $6,192
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Official website here: www.parrishart.org
Where can I find the form 990 for The Parrish Art Museum Inc?
The Parrish Art Museum Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.parrishart.org
Learn more at the official website: www.parrishart.org
Mission Statement of The Parrish Art Museum Inc
The Parrish Art Museum Inc, a esteemed institution, is dedicated to fostering an appreciation for art among the general public. It achieves this goal through a combination of exhibitions and educational programs. By showcasing a variety of temporary exhibitions each year, including new installations and group exhibitions, the museum encourages viewers to engage with its extensive collection of over 3,000 works. Additionally, the museum offers public programs such as film screenings, music events, and talks, providing a diverse range of activities to engage with art. Furthermore, The Parrish Art Museum Inc offers inspiring classes and workshops, providing opportunities for individuals to deepen their understanding and appreciation of artwork. In essence, the museum's mission is to encourage an appreciation of art and promote understanding of artworks, making them accessible and enjoyable for the general public.
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Impact
July, 2024
The impact of The Parrish Art Museum Inc is significant in promoting an appreciation of art through its exhibitions and educational programs. By showcasing artwork to the general public, the museum plays a vital role in fostering understanding and appreciation of art. With a diverse range of exhibitions and public programs, The Parrish Art Museum Inc enriches the cultural landscape of the community and contributes to the artistic development of its audience.
This information is meant to be a general summary of The Parrish Art 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: $177,114
- Program Service Revenue: $1,051,892
- Gross Receipts: $5,526,351
Assets and Liabilities:
- Total Assets: $39,345,463
- Total Liabilities: $1,869,065
- Net Assets: $37,476,398
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Admissions
Revenue
$181,062
Membership
Revenue
$330,430
Tuition Fees
Revenue
$540,400
Organization Details
Founding Year
1897
Principal Officer
Monica Ramirez-Montagut
Website
www.parrishart.orgNTEE Category
Code: A510 - Arts
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