Overview
What is Friends Of The New York Transit Museum?
Friends of the New York Transit Museum is a dedicated nonprofit organization based in Brooklyn, New York. With a team of 43 individuals, their primary mission is to support the operations, restoration, and educational projects of the New York Transit Museum. This includes preserving the history, sociology, and technology of public transportation in the New York metropolitan area through the museum's collections and exhibits. They also engage in archival, curatorial, educational, and restoration projects to ensure the continued growth and relevance of the museum. The organization's efforts aim to foster a deep appreciation for the development of public transportation in the city, ultimately contributing to a richer cultural understanding of the region.
Official website here: www.nytransitmuseum.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 86% (Three-Star out of Four Star rating)
Friends Of The New York Transit Museum has achieved an overall score of 86%, reflecting strong accountability and financial practices. The organization has a fully independent board, which indicates a commitment to governance standards. Their financial oversight is robust, with no material diversions of assets reported, and they adhere to policies regarding conflict of interest, whistleblower protection, and document retention.
While the organization demonstrates many strengths, such as a high program expense ratio and comprehensive financial reporting, the program expense ratio of approximately 61.89% suggests there may be room for improvement in the proportion of funds directly allocated to programs versus administrative costs. This aspect may be a consideration for potential donors looking to maximize the impact of their contributions.
Overall, Friends Of The New York Transit Museum presents a solid profile in terms of accountability and financial stewardship, making it a viable option for donors who value transparency and governance standards in their charitable giving.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The New York Transit Museum legitimate?
Friends Of The New York Transit Museum is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The New York Transit Museum 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: $0
Other Salaries and Wages: $965,568
For more financial information, click here
Official website here: www.nytransitmuseum.org
What is the mission statement of Friends Of The New York Transit Museum?
The Friends of the New York Transit Museum's mission is centered around supporting the museum's collections and exhibits, aiming to preserve the historical, sociological, and technological aspects of public transportation in the New York metropolitan area. Beyond this, they also contribute to the museum's archival, curatorial, educational, and restoration projects. In essence, their role is to ensure the continuity and growth of the New York Transit Museum's mission to showcase and safeguard the rich heritage of public transportation.
Official website here: www.nytransitmuseum.org
Who is the CEO of Friends Of The New York Transit Museum?
Concetta Bencivenga is the Director of Friends Of The New York Transit Museum.
Official website here: www.nytransitmuseum.org
What is the revenue of Friends Of The New York Transit Museum?
Friends Of The New York Transit Museum's revenue in 2022 was $2,934,400.
Official website here: www.nytransitmuseum.org
Who are the executives of Friends Of The New York Transit Museum and what are their salaries?
The average compensation at Friends Of The New York Transit Museum during 2022 was $22,455. There are 43 employees at Friends Of The New York Transit Museum.
Here are 13 key members and their salaries:
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- Related: $183,287
- Other: $10,980
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Official website here: www.nytransitmuseum.org
Where can I find the form 990 for Friends Of The New York Transit Museum?
Friends Of The New York Transit Museum's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nytransitmuseum.org
Learn more at the official website: www.nytransitmuseum.org
Mission Statement of Friends Of The New York Transit Museum
Friends of the New York Transit Museum is dedicated to upholding the museum's collections, exhibits, and preserving the historical, sociological, and technological aspects of public transportation in the New York metropolitan area. Beyond this, the organization supports the museum's archival, curatorial, educational, and restoration projects. In essence, Friends of the New York Transit Museum is committed to safeguarding the rich heritage of public transportation and ensuring that future generations can learn from and appreciate its evolution. By supporting the museum's operations, restoration, and educational projects, the organization plays a crucial role in preserving the stories that define the city's transportation history.
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Impact
July, 2024
The Friends Of The New York Transit Museum plays a critical role in supporting the New York Transit Museum's collections, exhibits, and preservation efforts. By focusing on the history, sociology, and technology of public transportation in the New York metropolitan area, the organization contributes significantly to preserving the rich heritage of public transportation for future generations. In addition, the Friends support the museum's archival, curatorial, educational, and restoration projects, helping to enhance the overall visitor experience and educational opportunities provided by the museum. Their impact extends beyond mere preservation to actively engaging the community and fostering a deeper appreciation for the arts and cultural significance of public transportation.
This information is meant to be a general summary of Friends Of The New York Transit Museum. 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: $492,973
- Program Service Revenue: $629,827
- Gross Receipts: $5,855,991
Assets and Liabilities:
- Total Assets: $13,522,737
- Total Liabilities: $406,985
- Net Assets: $13,115,752
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ARCHIVES
DEVELOPMENT
Revenue
$60
EDUCATION
Revenue
$118,996
OPERATIONS
Revenue
$510,771
Organization Details
Founding Year
1995
Phone
(718) 694-3958Principal Officer
Concetta Bencivenga
Main Address
130 LIVINGSTON ST 10th FLOOR, BROOKLYN, NY, 11201
Website
www.nytransitmuseum.orgNTEE Category
Code: A115 - Arts
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