Overview
What is North Carolina Museum Of History Foundation Inc?
The North Carolina Museum of History Foundation Inc, located at 5 East East Edenton Street, Raleigh, NC, serves as a crucial supporter for the Division of State History Museums, with a particular focus on the flagship institution, the North Carolina Museum of History. Their primary mission is to manage and disburse fiscal resources, soliciting funds to bolster the operations and development of both the North Carolina Museum of History and regional museums within the Division of State History Museums, under the NC Department of Cultural Resources. The foundation's activities contribute significantly to preserving and showcasing the rich historical heritage of North Carolina.
Official website here: www.nchistoryfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92%
The North Carolina Museum of History Foundation Inc has achieved a Four-Star out of Four Star rating, reflecting its strong accountability and financial health. With a score of 92%, the organization demonstrates effective governance, including 100% independent board members and thorough oversight of financial statements. The absence of material asset diversion is a significant indicator of its integrity.
Strengths highlighted in user feedback include a solid program expense ratio of 73.68%, showing that a considerable portion of its funds is dedicated to its mission. Additionally, the foundation has an excellent fundraising efficiency ratio, requiring only $0.07 to raise a dollar, which indicates effective resource management. The foundation's long working capital ratio of 10.40 years suggests robust financial stability and planning.
However, limitations noted include the absence of a whistleblower policy and a document retention and destruction policy, which could raise concerns about transparency and accountability practices. Addressing these issues may further enhance the foundation’s governance framework and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is North Carolina Museum Of History Foundation Inc legitimate?
North Carolina Museum Of History Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Carolina Museum Of History Foundation 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: $254,634
For more financial information, click here
Official website here: www.nchistoryfoundation.org
What is the mission statement of North Carolina Museum Of History Foundation Inc?
The North Carolina Museum of History Foundation Inc is organized with the primary objective of soliciting, managing, and disbursing fiscal resources. This mission is specifically directed towards supporting the North Carolina Museum of History and regional museums within the Division of State History Museums, under the North Carolina Department of Cultural Resources. The foundation's role is crucial in bolstering the Division of State History Museums, particularly the flagship institution, the North Carolina Museum of History.
Official website here: www.nchistoryfoundation.org
Who is the CEO of North Carolina Museum Of History Foundation Inc?
W Trent Ragland Iii is the Board Member of North Carolina Museum Of History Foundation Inc.
Official website here: www.nchistoryfoundation.org
What is the revenue of North Carolina Museum Of History Foundation Inc?
North Carolina Museum Of History Foundation Inc's revenue in 2023 was $6,081,533.
Official website here: www.nchistoryfoundation.org
Who are the executives of North Carolina Museum Of History Foundation Inc and what are their salaries?
The average compensation at North Carolina Museum Of History Foundation Inc during 2023 was $50,927. There are 5 employees at North Carolina Museum Of History Foundation Inc.
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Official website here: www.nchistoryfoundation.org
Where can I find the form 990 for North Carolina Museum Of History Foundation Inc?
North Carolina Museum Of History Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nchistoryfoundation.org
Learn more at the official website: www.nchistoryfoundation.org
Mission Statement of North Carolina Museum Of History Foundation Inc
The North Carolina Museum of History Foundation Inc is an organization dedicated to raising, managing, and distributing financial resources for the North Carolina Museum of History and regional museums under the Division of State History Museums within the NC Department of Cultural Resources. Their primary mission is to support the flagship institution of the division, the North Carolina Museum of History, ensuring its continued operation and growth. By soliciting and managing fiscal resources, the foundation plays a crucial role in preserving and promoting the state's historical heritage, making it accessible to a wide audience.
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Impact
August, 2024
The North Carolina Museum of History Foundation Inc plays a crucial role in supporting the Division of State History Museums, particularly the flagship institution of the division, the North Carolina Museum of History. By soliciting, managing, and disbursing fiscal resources, the foundation enables these museums to preserve and showcase the rich history of North Carolina. Through its efforts, the foundation contributes to the preservation and promotion of arts and culture in the region, ensuring that the stories and heritage of the state are accessible to the public for generations to come.
This information is meant to be a general summary of North Carolina Museum Of History Foundation 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: $185,125
- Gross Receipts: $10,542,946
Assets and Liabilities:
- Total Assets: $13,168,526
- Total Liabilities: $157,509
- Net Assets: $13,011,017
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Organization Details
Founding Year
2004
Phone
(919) 807-7900Principal Officer
W Trent Ragland Iii
Main Address
5 EAST EDENTON STREET, RALEIGH, NC, 276011011
Website
www.nchistoryfoundation.orgNTEE Category
Code: A50 - Arts
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