Overview
What is The Farmers Museum Inc?
The Farmers Museum Inc, located in New York, is a vibrant nonprofit organization situated at ONE ROCKEFELLER PLAZA, 31st Floor. Its primary mission is to foster an appreciation for the rural heritage that has significantly influenced American culture. Through its activities and initiatives, the museum aims to educate visitors about the early New York frontier. The institution employs a dedicated workforce of 147 individuals who are passionate about preserving and showcasing this rich history.
Official website here: www.farmersmuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating
The Farmers Museum Inc has received a low rating of 56% from Charity Navigator, indicating significant concerns regarding its overall financial health and operational transparency. While the organization demonstrates strong governance practices, including a fully independent board and robust policies for conflict of interest and whistleblowing, these strengths are overshadowed by poor financial metrics.
Notably, the museum's program expense ratio is only 26.69%, suggesting that a minimal amount of its funds is allocated to programs directly benefiting its mission. Furthermore, the liabilities to assets ratio of 0.61% is a concerning indicator of potential financial instability. The absence of its tax form on the nonprofit's website also raises issues about accessibility and transparency.
Despite these weaknesses, the organization has established several good practices in governance and compliance, such as having an audit committee and proper documentation of board meeting minutes. However, to improve its standing and effectiveness, The Farmers Museum Inc will need to address its financial management and ensure that a larger portion of its resources is devoted to its core mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Farmers Museum Inc legitimate?
The Farmers Museum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Farmers Museum 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: $294,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,555,676
For more financial information, click here
Official website here: www.farmersmuseum.org
What is the mission statement of The Farmers Museum Inc?
The Farmers Museum Inc's mission is focused on fostering an understanding of the rural heritage that has significantly influenced American culture. By doing so, they aim to shed light on the historical landscape, communities, and cultural aspects that have shaped the country. To achieve this, they recreate life on the early New York frontier through their museum, providing a hands-on educational experience. This mission is geared towards promoting awareness, appreciation, and preservation of America's rural heritage.
Official website here: www.farmersmuseum.org
What is the revenue of The Farmers Museum Inc?
The Farmers Museum Inc's revenue in 2023 was $2,675,417.
Official website here: www.farmersmuseum.org
Who are the executives of The Farmers Museum Inc and what are their salaries?
The average compensation at The Farmers Museum Inc during 2023 was $13,026. There are 142 employees and 48 volunteers at The Farmers Museum Inc.
Here are 17 key members and their salaries:
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- Compensation: $209,476
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- Other: $39,376
- Compensation: $102,233
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- Other: $19,418
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Official website here: www.farmersmuseum.org
Where can I find the form 990 for The Farmers Museum Inc?
The Farmers Museum Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.farmersmuseum.org
Learn more at the official website: www.farmersmuseum.org
Mission Statement of The Farmers Museum Inc
The Farmers Museum Inc is dedicated to fostering an appreciation for the rural heritage that has significantly influenced American culture. By cultivating an understanding of this heritage, the museum aims to shed light on the role it has played in shaping our land, communities, and cultural identity. The museum accomplishes this through various means, including recreating life on the early New York frontier, offering visitors a glimpse into the past and educating them about the experiences and challenges faced by early settlers. The Farmers Museum Inc serves as a valuable resource for those interested in learning about America's rural roots and the impact they have had on the country's development.
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Impact
October, 2024
The Farmers Museum Inc plays a vital role in enhancing the understanding of rural heritage and its influence on American culture. By recreating life on the early New York frontier, the museum immerses visitors in the historical context of agriculture and rural living. This interactive approach helps to highlight the significance of farming and rural communities in shaping the land and the cultural fabric of the United States.
Through its exhibits and programs, The Farmers Museum fosters a deeper appreciation of the challenges and innovations that defined rural life, promoting respect for agricultural practices and the historical context behind them. By cultivating this understanding, the museum not only honors the past but also encourages dialogue about contemporary issues facing agriculture and rural communities. Its focus on arts reinforces the cultural aspects of farming heritage, making it an essential institution for education and community engagement in New York and beyond.
This information is meant to be a general summary of The Farmers Museum 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 2023.
- Investment Income: $773,418
- Program Service Revenue: $899,673
- Gross Receipts: $17,631,614
Assets and Liabilities:
- Total Assets: $73,312,868
- Total Liabilities: $394,796
- Net Assets: $72,918,072
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AUXILIARY ACTIVITIES
Revenue
$495,373
ADMISSIONS
Revenue
$371,474
SERVICE FEES
Revenue
$32,826
Organization Details
Founding Year
1941
Principal Officer
Paul D'Ambrosio
Website
www.farmersmuseum.orgNTEE Category
Code: A540 - Arts
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