Overview
What is American Folk Art Museum?
The American Folk Art Museum, located in New York, New York, serves as a prominent institution dedicated to the appreciation of traditional folk art and creative expressions of self-taught artists, both domestically and internationally. Its primary function involves the presentation of innovative exhibitions and programs that showcase new ideas, artists, and artworks, thus shaping and defining the field of folk art. The museum preserves and maintains a comprehensive collection of over 7,000 objects, loans artwork to other institutions, organizes traveling exhibitions, and makes its collection available for research. With a workforce of 55 individuals, the American Folk Art Museum strives to engage people from various backgrounds through its collections, exhibitions, publications, and programs, fostering an inclusive, accessible, and welcoming environment for its diverse audience. Committed to learning and scholarship, the museum consistently seeks to provide excellence and integrity in its work.
Official website here: www.folkartmuseum.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 89%
The American Folk Art Museum has received a solid Three-Star out of Four Star rating from Charity Navigator, with a score of 89%. This rating reflects the organization’s strong governance and financial practices, particularly highlighted by its 100% independent board members and absence of material asset diversion. The museum has also demonstrated transparency with its policies and documentation, ensuring that board meeting minutes and tax forms are accessible.
In terms of financial health, the museum maintains a favorable liabilities-to-assets ratio of 2.40%, which indicates sound financial management. Additionally, the program expense ratio stands at 64.41%, suggesting that a significant portion of its funds is directed toward its core mission and programs. The fundraising efficiency, at a cost of just $0.15 to raise each dollar, showcases the organization’s effective fundraising strategies.
While the museum exhibits strong operational practices overall, the data does not indicate any notable limitations or areas of concern. Its well-structured governance and efficient financial management contribute positively to its reputation as a nonprofit dedicated to folk art and culture.
This AI summary has been generated from information found on Charity Navigator.
Is American Folk Art Museum legitimate?
American Folk Art Museum is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Folk Art 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: $439,037
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,575,509
For more financial information, click here
Official website here: www.folkartmuseum.org
What is the mission statement of American Folk Art Museum?
The American Folk Art Museum serves as a leading institution, dedicated to fostering an appreciation for traditional folk art and the creative expressions of self-taught artists from around the world. Its mission involves preserving, conserving, and interpreting a comprehensive collection of high-quality folk art items, spanning from the 18th century to the present. The museum actively engages people of various backgrounds through its collections, exhibitions, publications, and programs, aiming to shape the understanding and appreciation of folk and self-taught art across different time periods and geographical locations. Committed to learning and scholarship at the highest levels, the museum strives to provide an inclusive, accessible, and welcoming environment for its diverse audience and encourages the generation of new and distinctive ideas. It consistently operates in a spirit of excellence and integrity.
Official website here: www.folkartmuseum.org
Who is the CEO of American Folk Art Museum?
Jason Busch is the Vice President of American Folk Art Museum. The CEO's salary of American Folk Art Museum is $259,191 and their total compensation is $275,456.
Official website here: www.folkartmuseum.org
What is the revenue of American Folk Art Museum?
American Folk Art Museum's revenue in 2022 was $5,728,873.
Official website here: www.folkartmuseum.org
Who are the executives of American Folk Art Museum and what are their salaries?
The average compensation at American Folk Art Museum during 2022 was $36,628. There are 55 employees and 26 volunteers at American Folk Art Museum.
Here are 27 key members and their salaries (American Folk Art Museum's CEO's salary is $259,191 and their total compensation is $275,456):
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- Compensation: $109,095
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- Other: $12,853
Official website here: www.folkartmuseum.org
Where can I find the form 990 for American Folk Art Museum?
American Folk Art Museum's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.folkartmuseum.org
Learn more at the official website: www.folkartmuseum.org
Mission Statement of American Folk Art Museum
The American Folk Art Museum serves as a pioneering institution dedicated to the aesthetic appreciation of traditional folk art and creative expressions from self-taught artists, not just from the United States but also abroad. The museum preserves, conserves, and interprets a comprehensive collection of high-quality objects, spanning from the 18th century to the present.
In line with its mission, the American Folk Art Museum engages individuals from diverse backgrounds through its collections, exhibitions, publications, and programs. It aims to be the leading forum shaping the understanding and appreciation of folk and self-taught art across various times and spaces. The museum is committed to fostering a learning and scholarly environment, providing an inclusive, accessible, and welcoming atmosphere for its diverse audience. It strives to encourage new and distinctive ideas, always acting in a spirit of excellence and integrity.
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Impact
July, 2024
The American Folk Art Museum is the premier institution devoted to the aesthetic appreciation of traditional folk art and creative expressions of contemporary self-taught artists from the America and abroad. The museum's impact lies in its development and presentation of exhibitions and programs that introduce new ideas, artists, and artworks that shape and define the field of folk art and the work of self-taught artists. By preserving, conserving, and interpreting a comprehensive collection of over 7,000 objects dating from the eighteenth century to the present, the museum contributes significantly to the understanding and appreciation of folk and self-taught art across time and space.
Through its mission of engaging people of all backgrounds through collections, exhibitions, publications, and programs, the American Folk Art Museum serves as a leading forum for shaping the appreciation of folk art. It is committed to promoting learning and scholarship at the highest levels, providing an inclusive, accessible, and welcoming environment for a diverse audience, and fostering new and distinctive ideas in the field of folk art.
Overall, the American Folk Art Museum's impact is seen in its dedication to excellence and integrity in the promotion and preservation of folk and self-taught art, making it a vital institution in the art world and beyond.
This information is meant to be a general summary of American Folk Art 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: $405,069
- Program Service Revenue: $332,533
- Gross Receipts: $6,631,066
Assets and Liabilities:
- Total Assets: $11,749,573
- Total Liabilities: $387,618
- Net Assets: $11,361,955
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EXHIBITION RENTAL FEES
Revenue
$151,262
DONATED SERVICES
Revenue
$110,300
MEMBERSHIP
Revenue
$70,971
Organization Details
Founding Year
1961
Phone
(212) 977-7170Principal Officer
Jason Busch
Main Address
2 LINCOLN SQUARE, NEW YORK, NY, 10023
Website
www.folkartmuseum.orgNTEE Category
Code: A500 - Arts
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