Overview
What is Museum Of American Finance?
The Museum of American Finance, situated in New York City, is a nonprofit organization dedicated to preserving, exhibiting, and educating the public about the nation's financial history. With a mission to foster understanding of finance's influence on individual lives and global economies, the museum offers exhibits, financial literacy programs, and public events. In 2022, the museum showcased its collections at off-site locations and embarked on a significant initiative to digitize its archives. The highlight of this year was the opening of "Rise NY" in Times Square, featuring virtual reality experiences, small galleries, and objects from the museum's collection, such as Alexander Hamilton's plaster statue and a check signed by him. During this period, the museum also displayed highlights from its collection at conferences and began the process of digitizing its archives for worldwide access. With a staff of nine employees, the Museum of American Finance seeks to inspire financial independence and curiosity about finance's past and present impact on society.
Official website here: www.moaf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
The Museum of American Finance holds a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization boasts a fully independent board, ensuring effective governance, and has been recognized for its comprehensive financial practices, such as having a robust audit and oversight committee, alongside various policies that promote transparency and ethical management.
Strengths of the museum include a high percentage of independent board members and no reported material diversion of assets, which enhances its credibility. Additionally, the museum has demonstrated effective communication of its operations through its tax forms being readily accessible and maintaining thorough documentation of board meeting minutes.
However, the organization has room for improvement in its liabilities to assets ratio and program expense ratio, which are below optimal levels. This indicates potential areas for financial enhancement, suggesting that while the museum is stable, there may be challenges in allocating resources efficiently for its programs. Overall, it remains a reputable organization with a commitment to transparency and strong governance.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Museum Of American Finance?
88% of 384 reviewers on Facebook recommend the Museum of American Finance. Here’s a summary of their reviews:
Enthusiastic visitors praise the museum for its extensive information and engaging exhibits related to finance. One excited review highlights the enriching experience and the ability to spend more time than expected exploring the various displays, reflecting a deep connection to the subject matter. This kind of sentiment suggests that the museum not only meets but exceeds visitor expectations, especially for those with a keen interest in banking and finance.
Overall, patrons appreciate the informative nature of the museum's offerings and express a desire to return, indicating that it is a valuable addition to their exploration of the city. Visitors seem eager to learn and engage with the content, which points to the nonprofit's commitment to delivering a rewarding educational experience.
This AI summary has been generated from reviews found on Facebook.
Is Museum Of American Finance legitimate?
Museum Of American Finance is a legitimate nonprofit organization registered as a 501(c)(3) entity. Museum Of American Finance 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: $217,523
Professional Fundraising Fees: $0
Other Salaries and Wages: $688,802
For more financial information, click here
Official website here: www.moaf.org
What is the mission statement of Museum Of American Finance?
The Museum of American Finance, as a socially relevant organization, strives to improve the public's understanding of the influence of financial institutions and capital markets on the U.S. and global economies, and on individuals' lives. Located independently, this museum, which is an affiliate of the Smithsonian Institution, educates the public through exhibits, financial literacy programs, and public events. The mission of the Museum of American Finance is to empower individuals of all backgrounds to strive towards financial independence, while fostering curiosity and discovery about finance and financial history.
Official website here: www.moaf.org
Who is the CEO of Museum Of American Finance?
David Cowen is the Chair of Museum Of American Finance. The CEO's salary of Museum Of American Finance is $210,000 and their total compensation is $217,523.
Official website here: www.moaf.org
What is the revenue of Museum Of American Finance?
Museum Of American Finance's revenue in 2022 was $1,493,048.
Official website here: www.moaf.org
Who are the executives of Museum Of American Finance and what are their salaries?
The average compensation at Museum Of American Finance during 2022 was $100,703. There are 9 employees and 41 volunteers at Museum Of American Finance.
Here are 45 key members and their salaries (Museum Of American Finance's CEO's salary is $210,000 and their total compensation is $217,523):
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Official website here: www.moaf.org
Where can I find the form 990 for Museum Of American Finance?
Museum Of American Finance's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.moaf.org
Learn more at the official website: www.moaf.org
Mission Statement of Museum Of American Finance
The Museum of American Finance, a socially relevant organization and the nation's only independent museum dedicated to finance and financial history, is committed to preserving, exhibiting, and educating the public about the influence of financial institutions and capital markets on the U.S. and global economies. This esteemed institution seeks to improve understanding of how financial systems impact individuals' lives, with a goal of empowering individuals from diverse backgrounds to strive towards financial independence. Through exhibits, financial literacy programs, and public events, the Museum of American Finance encourages curiosity and discovery, fostering an environment that promotes a deeper understanding of the financial world.
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Impact
August, 2024
The Museum of American Finance has a significant impact on society by preserving, exhibiting, and teaching about the nation's finance and financial history. Through its collection and exhibition programs, the museum plays a crucial role in showcasing objects from its collections at various locations and digitizing its extensive archives.
One notable initiative is the "Rise NY" exhibition in Times Square, which features a virtual reality ride through the city and galleries highlighting aspects of New York, including fashion, theater, and finance. The museum's collaboration on the finance gallery not only provides curatorial guidance but also grants access to its collections, such as the plaster statue of Alexander Hamilton and a check signed by Hamilton.
Moreover, the museum's efforts to digitize its collection and make it accessible globally demonstrate a commitment to preserving and sharing financial history with diverse audiences. By educating the public through exhibits, financial literacy programs, and public events, the Museum of American Finance strives to improve understanding of the influence of financial institutions and markets on the economy and individuals' lives.
As an affiliate of the Smithsonian Institution and the nation's only independent museum dedicated to finance and financial history, the Museum of American Finance empowers individuals from all backgrounds to strive towards financial independence while fostering curiosity and discovery. Its mission to promote financial literacy and education makes a valuable contribution to society and encourages a deeper appreciation for the impact of finance on everyone's lives.
This information is meant to be a general summary of Museum Of American Finance. 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: $865
- Program Service Revenue: $60,685
- Gross Receipts: $1,595,586
Assets and Liabilities:
- Total Assets: $534,602
- Total Liabilities: $366,630
- Net Assets: $167,972
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EXHIBIT CREATION FEES
Revenue
$60,000
TOURS, LECTURES, SYMP.
Revenue
$475
ADMISSION FEES
Revenue
$210
Organization Details
Founding Year
1982
Phone
(212) 908-4110Principal Officer
David Cowen
Main Address
222 BROADWAY 19TH FL, NEW YORK, NY, 10038
Website
www.moaf.orgNTEE Category
Code: A50 - Arts
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