Overview
What is Waterford Historical Museum & Cultural Center Inc?
Waterford Historical Museum & Cultural Center Inc, located at 2 Museum Lane, Waterford, NY 12188, is a dedicated nonprofit organization with a single employee. Their primary mission is to preserve and showcase the rich history and culture of Waterford, New York, and its surrounding areas. The Museum houses various collections and exhibits for public viewing, providing an educational experience that delves into the unique heritage of the region. Their activities aim to enhance the community's appreciation for its past and foster a sense of connection to its roots.
Official website here: www.waterford-historical-museum-and-cultural-center-business.site
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
The Waterford Historical Museum & Cultural Center Inc has earned an 83% rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. This rating is primarily based on various metrics, showcasing a solid governance structure, including an entirely independent board and no material diversion of assets. The organization demonstrates transparency through the listing of its website on tax forms and the publication of board meeting minutes.
Strengths highlighted include a high program expense ratio of 76.08%, indicating that a significant portion of its funds is directed towards its mission and programs. The organization has also established policies regarding conflict of interest and document retention. However, the absence of a whistleblower policy has been noted as a limitation in the governance framework, suggesting an area for potential improvement.
Overall, while the Waterford Historical Museum & Cultural Center Inc shows commendable financial practices and governance, addressing the noted limitations could further enhance its operational integrity and transparency. The score reflects a commitment to using resources effectively while maintaining accountability to stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Waterford Historical Museum & Cultural Center Inc legitimate?
Waterford Historical Museum & Cultural Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waterford Historical Museum & Cultural Center 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $26,000
For more financial information, click here
Official website here: www.waterford-historical-museum-and-cultural-center-business.site
What is the mission statement of Waterford Historical Museum & Cultural Center Inc?
The Waterford Historical Museum & Cultural Center Inc is dedicated to preserving and showcasing the distinctive history and culture of a specific town in New York State. The organization achieves this by presenting collections and exhibits for public viewing. Furthermore, the Museum actively works towards enhancing its artifacts and plays a significant role in promoting education related to its collections.
Official website here: www.waterford-historical-museum-and-cultural-center-business.site
Who is the CEO of Waterford Historical Museum & Cultural Center Inc?
Kevin Millington is the President of Waterford Historical Museum & Cultural Center Inc.
Official website here: www.waterford-historical-museum-and-cultural-center-business.site
What is the revenue of Waterford Historical Museum & Cultural Center Inc?
Waterford Historical Museum & Cultural Center Inc's revenue in 2022 was $33,980.
Official website here: www.waterford-historical-museum-and-cultural-center-business.site
Who are the executives of Waterford Historical Museum & Cultural Center Inc and what are their salaries?
The average compensation at Waterford Historical Museum & Cultural Center Inc during 2022 was $26,000. There is 1 employee and 40 volunteers at Waterford Historical Museum & Cultural Center Inc.
Here are 6 key members and their salaries:
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Official website here: www.waterford-historical-museum-and-cultural-center-business.site
Where can I find the form 990 for Waterford Historical Museum & Cultural Center Inc?
Waterford Historical Museum & Cultural Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.waterford-historical-museum-and-cultural-center-business.site
Learn more at the official website: www.waterford-historical-museum-and-cultural-center-business.site
Mission Statement of Waterford Historical Museum & Cultural Center Inc
Waterford Historical Museum & Cultural Center Inc is committed to preserving and showcasing the distinctive history and culture of a specific region in New York State. The organization achieves this by displaying a collection of artifacts and exhibits that are open for public viewing. Beyond this, Waterford Historical Museum & Cultural Center Inc also prioritizes the enhancement and conservation of its historical buildings, further enriching the historical and cultural experience it offers. In addition to these physical elements, the museum is also dedicated to providing educational opportunities, fostering a deeper understanding and appreciation of the region's past.
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Impact
August, 2024
The Waterford Historical Museum & Cultural Center Inc has had a significant impact on preserving and promoting the unique history and culture of the Town of Waterford and its surrounding area in New York State. Through its collections and exhibits, the museum provides the public with a glimpse into the rich heritage of the region. By preserving historical buildings, enhancing museum artifacts, and providing educational programs, the museum actively engages the community in learning about its past. This institution plays a crucial role in fostering an appreciation for the arts and local history among residents and visitors alike.
This information is meant to be a general summary of Waterford Historical Museum & Cultural Center 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.
- Investment Income: -$4,991
- Program Service Revenue: $5,903
- Gross Receipts: $53,470
Assets and Liabilities:
- Total Assets: $592,553
- Total Liabilities: $0
- Net Assets: $592,553
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Admission Fees
Revenue
$868
Sales of Publications
Revenue
$777
Program Activity Fees
Revenue
$4,258
Organization Details
Founding Year
1964
Phone
(518) 238-0809Principal Officer
Kevin Millington
Main Address
2 Mueseum Lane, Waterford, NY, 12188
NTEE Category
Code: A54 - Arts
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