Overview
What is Children's Museum Of The Arts Inc?
Children's Museum of the Arts Inc, located in New York City, is a dedicated nonprofit organization that fosters a collaborative environment between children and artists. Their approach is multifaceted, involving strategic partnerships with local neighborhoods and schools to integrate free arts access into the community, on-site visits with artists and curators, a digital platform for children's arts education, and public exhibitions of children's art. With a mission to unite children and artists, they aim to produce and share ambitious works of art on a global scale, boasting a permanent collection of over 2,000 pieces from 50 countries. The organization employs a team of 39 individuals, demonstrating their commitment to this mission.
Official website here: www.cmany.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Children's Museum Of The Arts Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating that there is room for improvement in its overall performance. The organization has a strong Culture & Community score of 98 and a solid Program Expense Ratio of 71.31%, which suggests that a significant portion of its expenses is dedicated to its programs. Additionally, the museum benefits from a fully independent board, which can be a positive indicator of governance.
However, the Accountability & Finance score of 66 raises concerns regarding the financial health and transparency of the organization. Notably, the museum has not posted its tax form on its website, which impacts its transparency rating. Furthermore, the high liabilities to assets ratio (98.77%) indicates potential financial risks that could affect the sustainability of the organization.
On a positive note, the museum excels in its feedback collection and usage practices, scoring a perfect 100. This shows a commitment to engaging with the community and adapting based on their input. The organization also has comprehensive equity strategies and policies in place. Despite these strengths, the financial management aspects need attention to enhance overall effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Children's Museum Of The Arts Inc legitimate?
Children's Museum Of The Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Children's Museum Of The Arts 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: $210,560
Professional Fundraising Fees: $0
Other Salaries and Wages: $634,936
For more financial information, click here
Official website here: www.cmany.org
What is the mission statement of Children's Museum Of The Arts Inc?
The Children's Museum of the Arts Inc's mission is centered around uniting children and artists to create and share ambitious works of art with their communities and the world. They strive to make the art world more inclusive for children and families by providing special visits and intimate encounters with artists, curators, and other arts professionals. The museum also develops deep partnerships with neighborhoods and schools, embedding free access to the arts directly into the community. They have established a dedicated digital space for children's arts education, where they create, store, and share their creativity with the world. Furthermore, the museum publicly celebrates the artistry of children through exhibitions, programming, and their growing permanent collection of children's art from over 50 countries.
Official website here: www.cmany.org
Who is the CEO of Children's Museum Of The Arts Inc?
William Floyd is the President of Children's Museum Of The Arts Inc.
Official website here: www.cmany.org
What is the revenue of Children's Museum Of The Arts Inc?
Children's Museum Of The Arts Inc's revenue in 2022 was $977,376.
Official website here: www.cmany.org
Who are the executives of Children's Museum Of The Arts Inc and what are their salaries?
The average compensation at Children's Museum Of The Arts Inc during 2022 was $21,679. There are 39 employees and 15 volunteers at Children's Museum Of The Arts Inc.
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Official website here: www.cmany.org
Where can I find the form 990 for Children's Museum Of The Arts Inc?
Children's Museum Of The Arts Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cmany.org
Learn more at the official website: www.cmany.org
Mission Statement of Children's Museum Of The Arts Inc
The Children's Museum of the Arts Inc. is an organization that brings children and artists together, fostering an environment where ambitious works of art are created and shared within communities and globally. Their mission is multifaceted, aiming to bridge the gap between children and artists. By establishing strong partnerships with local neighborhoods and schools, they ensure free access to the arts is integrated directly into the community.
The museum also works towards making the art world more inclusive for children and families. This is achieved through unique encounters with artists, curators, and other arts professionals, allowing children to have intimate interactions with these professionals. Furthermore, the Children's Museum of the Arts Inc. has established a dedicated digital space for children's arts education. This platform serves as a hub for creating, storing, and sharing creative endeavors with the world. Lastly, the museum takes pride in publicly celebrating the artistry of children by showcasing their works through exhibitions, programming, and a growing permanent collection of over 2,000 pieces of children's art from over 50 countries, dating back more than 80 years.
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Impact
August, 2024
Children's Museum Of The Arts Inc unites children and artists to create and share ambitious works of art with their communities and the world. By trusting artists to define the field of arts, they take an integrated approach to engage children, artists, their communities, and the world.
Through deep partnerships with NYC neighborhoods and schools, they embed free access to the arts directly into the community. They make the art world more inclusive for children and families by organizing special on-site visits and intimate encounters with artists, curators, and other arts professionals.
Additionally, the organization has established the first dedicated digital space for children's arts education, where creativity is created, stored, and shared with the world. They publicly celebrate children's artistry through exhibitions, programming, and a permanent collection of 2,000 pieces of children's art from over 50 countries dating back more than 80 years.
This impactful work showcases their dedication to fostering creativity, inclusivity, and artistic expression among children, artists, and communities globally.
This information is meant to be a general summary of Children's Museum Of The Arts 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.
- Program Service Revenue: $106,424
- Gross Receipts: $977,376
Assets and Liabilities:
- Total Assets: $2,214,700
- Total Liabilities: $1,583,459
- Net Assets: $631,241
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$90,863
MEMBERSHIP DUES
Revenue
$15,561
Organization Details
Founding Year
1988
Phone
(212) 274-0986Principal Officer
William Floyd
Main Address
101 AVENUE OF THE AMERICAS 9TH FL, NEW YORK, NY, 10013
Website
www.cmany.orgNTEE Category
Code: A520 - Arts
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