Overview
What is Strong Museum Trust Xxxxx3007?
Strong Museum Trust Xxxxx3007 is a charitable trust, as indicated by its purpose stated in its instrument. This trust is committed to providing financial support to the Strong Museum, with its income being distributed to the institution. The trust's mission is directly tied to the Strong Museum, emphasizing its dedication to contributing to the museum's operations and upholding its mission. The trust's United States address is located in Chicago, Illinois, specifically at 10 S DEARBORN IL1-0111.
What are the reviews and ratings of this charity?
Charity Navigator rating: 1 Star (52%)
The Strong Museum Trust has received a low rating of 52%, primarily due to serious concerns related to accountability and finance. Notably, there are no independent board members, which raises questions about governance and oversight. Furthermore, the charity has not provided any financial statements, which severely impacts transparency and credibility.
On a positive note, the organization demonstrates a strong commitment to program expenses, with an impressive ratio of 95.39%. This indicates that most of its resources are directed towards its mission-related activities rather than administrative costs. Additionally, the charity has proper documentation for board meeting minutes, showing some level of organizational structure.
However, significant weaknesses overshadow these strengths. The absence of crucial policies such as conflict of interest and whistleblower protections, along with missing information on their website, points to a lack of proper governance practices. Overall, potential donors should carefully consider these factors when evaluating their support for the Strong Museum Trust.
This AI summary has been generated from information found on Charity Navigator.
Is Strong Museum Trust Xxxxx3007 legitimate?
Strong Museum Trust Xxxxx3007 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Strong Museum Trust Xxxxx3007 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: $308,237
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Strong Museum Trust Xxxxx3007?
The Strong Museum Trust Xxxxx3007, as per its instrument, dedicates its support to the Strong Museum. In line with its mission, the trust distributes its income to the Strong Museum. This commitment is aimed at fostering and sustaining the museum's activities and initiatives. The trust's role is instrumental in ensuring the museum continues to thrive and provide educational and cultural experiences to its visitors. The trust's mission is an integral part of the Strong Museum's continued success and growth.
Who is the CEO of Strong Museum Trust Xxxxx3007?
Unavailable
What is the revenue of Strong Museum Trust Xxxxx3007?
Strong Museum Trust Xxxxx3007's revenue in 2022 was $4,763,809.
Who are the executives of Strong Museum Trust Xxxxx3007 and what are their salaries?
There is 1 key member and their salary:
- Compensation: $308,238
- Related: $0
- Other: $0
Where can I find the form 990 for Strong Museum Trust Xxxxx3007?
Strong Museum Trust Xxxxx3007's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Strong Museum Trust Xxxxx3007
The Strong Museum Trust Xxxxx3007, as per its mandate, serves to support the Strong Museum. In line with its mission, the trust distributes its income to the museum, thereby contributing to its operations and upholding its vision. The trust's primary role is to enhance the museum's capacity and ensure it continues to provide educational and engaging experiences for its visitors. By doing so, the Strong Museum Trust Xxxxx3007 plays a crucial role in preserving and promoting the museum's collections and programs, ultimately contributing to the cultural enrichment of the community.
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Impact
October, 2024
Strong Museum Trust Xxxxx3007 plays a crucial role in supporting the Strong Museum by distributing its income to enhance the museum's operations and initiatives. This financial backing enables the museum to expand its programs, improve facilities, and enhance visitor experiences, directly contributing to the cultural landscape of Chicago. Through its support, the trust helps foster appreciation for the arts and ensures that the museum can continue to serve as a valuable resource for the community, enriching lives through education and engagement with the arts.
This information is meant to be a general summary of Strong Museum Trust Xxxxx3007. 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: $4,763,729
- Gross Receipts: $19,270,544
Assets and Liabilities:
- Total Assets: $73,443,209
- Total Liabilities: $0
- Net Assets: $73,443,209
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Organization Details
Founding Year
1969
Phone
(800) 496-2583Main Address
10 S DEARBORN IL1-0111, CHICAGO, IL, 60603
NTEE Category
Code: A57 - Arts
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