Overview
What is Museum Of Innovation And Science?
The Museum of Innovation and Science (MISCI), located at 15 Museum Drive, Schenectady, NY 12308, is a nonprofit organization dedicated to igniting curiosity about scientific and technological advancements. It houses a planetarium and offers educational programs for adults and young people, focusing on subjects related to science, industry, technology, and history. The museum's mission is to inspire a sense of wonder and fascination towards extraordinary scientific and technological developments throughout time, preserving and interpreting the history of technological change's impact on society and culture, starting from the 19th century. They explore the creative process and human spirit that drives discovery and invention, envisioning the future. With 23 dedicated employees, MISCI provides a captivating and enlightening experience for visitors.
Official website here: www.schenectadymuseum.org
What are the reviews and ratings of this charity?
Charity Navigator rates the Museum of Innovation and Science with a score of 75%, giving it a Three-Star out of Four Star rating. This rating is based entirely on the Accountability & Finance score, indicating that the organization is performing well in its financial management and governance practices.
The nonprofit demonstrates significant strengths in various areas of accountability, including having an entirely independent board, effective financial oversight, and a solid structure for managing conflicts of interest. With a low liabilities-to-assets ratio and comprehensive policies in place for whistleblower protection and document retention, the organization showcases a commitment to transparency and responsible governance.
However, the program expense ratio is noted to be relatively low at 53.22%, suggesting that a smaller portion of its budget is allocated directly to programs. This could indicate room for improvement in how the organization directs its financial resources towards its mission-related activities. Overall, while the Museum of Innovation and Science has a strong governance framework, there are areas where it could enhance its impact through increased program spending.
This AI summary has been generated from information found on Charity Navigator.
Is Museum Of Innovation And Science legitimate?
Museum Of Innovation And Science is a legitimate nonprofit organization registered as a 501(c)(3) entity. Museum Of Innovation And Science 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: $117,007
Professional Fundraising Fees: $0
Other Salaries and Wages: $578,431
For more financial information, click here
Official website here: www.schenectadymuseum.org
What is the mission statement of Museum Of Innovation And Science?
The Museum of Innovation and Science's mission is centered around inspiring a sense of wonder about extraordinary scientific and technological advancements, spanning from the past to the future. This is achieved through the preservation and interpretation of historical technological changes and their impact on society and culture, beginning in the 19th century. The museum delves into the creative process and human spirit that drives discovery and invention, sparking imagination for future innovations. It aims to foster an appreciation for the transformative power of science and technology, engaging visitors in a journey of curiosity and learning.
Official website here: www.schenectadymuseum.org
Who is the CEO of Museum Of Innovation And Science?
Gina Gould is the Chair of Museum Of Innovation And Science.
Official website here: www.schenectadymuseum.org
What is the revenue of Museum Of Innovation And Science?
Museum Of Innovation And Science's revenue in 2022 was $2,997,598.
Official website here: www.schenectadymuseum.org
Who are the executives of Museum Of Innovation And Science and what are their salaries?
The average compensation at Museum Of Innovation And Science during 2022 was $30,236. There are 23 employees and 4 volunteers at Museum Of Innovation And Science.
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- Compensation: $109,649
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- Other: $7,358
Official website here: www.schenectadymuseum.org
Where can I find the form 990 for Museum Of Innovation And Science?
Museum Of Innovation And Science's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.schenectadymuseum.org
Learn more at the official website: www.schenectadymuseum.org
Mission Statement of Museum Of Innovation And Science
The Museum of Innovation and Science is dedicated to inspiring a sense of awe and wonder about extraordinary scientific and technological advancements, both past and present. It accomplishes this mission by preserving and interpreting the history of technological change and its impact on society and culture, dating back to the 19th century. The museum delves into the creative process and the human spirit that fuels discovery and invention, sparking curiosity and imagination about future innovations. It serves as a platform to explore the transformative power of technology and its influence on society and culture, encouraging visitors to appreciate the ingenuity and progress that has shaped our world.
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Impact
October, 2024
The Museum of Innovation and Science serves as a vital educational hub that ignites curiosity and fosters a deep appreciation for scientific and technological advancements. Through its diverse array of exhibits, programs, and events, the museum inspires visitors to explore the extraordinary developments that have shaped our world, from the 19th century to the present day and into the future.
One of the key impacts of the museum is its ability to engage a wide audience in the wonders of science and technology. With offerings such as a planetarium and guided educational programs designed for both young people and adults, the museum cultivates knowledge and encourages lifelong learning. By interpreting the history of technological change, the museum highlights its profound impact on society and culture, allowing visitors to reflect on how these developments have influenced their lives.
Moreover, the Museum of Innovation and Science fosters creativity and innovation by illustrating the human spirit behind discovery and invention. This focus not only celebrates past achievements but also encourages a forward-thinking mindset, inspiring the next generation of inventors, scientists, and thinkers. Through its mission to evoke a sense of wonder, the museum plays a crucial role in shaping a scientifically literate community that appreciates the importance of inquiry and exploration.
This information is meant to be a general summary of Museum Of Innovation And Science. 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: $14,913
- Program Service Revenue: $415,642
- Gross Receipts: $4,205,050
Assets and Liabilities:
- Total Assets: $4,989,473
- Total Liabilities: $500,512
- Net Assets: $4,488,961
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAMS AND ARCHIVES
Revenue
$300,954
ADMISSIONS
Revenue
$114,688
Organization Details
Founding Year
1934
Phone
(518) 382-7890Principal Officer
Gina Gould
Main Address
15 MUSEUM DRIVE, SCHENECTADY, NY, 123083198
Website
www.schenectadymuseum.orgNTEE Category
Code: A500 - Arts
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