Overview
What is International African American Museum?
The International African American Museum (IAAM) is a notable nonprofit organization situated in Charleston, South Carolina. Established with a mission to honor the untold stories of African Americans, this museum sheds light on influential histories and diasporic connections throughout the nation and the world. IAAM's Development, Management, and Implementation team manages the museum's capital program, building operations, and business initiatives. The Director of Museum Planning and Operations oversees construction, upfitting, occupancy, staff move-in, security, emergency preparedness, IT, cafe, and store in close collaboration with the CEO, museum staff, and capital partners. With a strong focus on 'Day One Planning,' all museum departments and operations are integrated with the construction timeline to ensure successful operation on the first day. The organization, with a staff of 35 employees, is dedicated to illuminating the significant stories of Africans and their descendants on one of the most important sites in American history.
Official website here: www.iaamuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57% (One-Star out of Four Stars)
The International African American Museum has received a low rating of 57% from Charity Navigator, indicating significant concerns in its Accountability and Finance practices. While the organization excels in governance aspects such as having a fully independent board and effective financial oversight, these strengths are overshadowed by poor performance in critical financial ratios, which are essential for assessing sustainability and operational efficiency.
The museum's financial health is particularly troubling, with a program expense ratio of 24.67% and liabilities to assets ratio of 3.58%, both of which indicate that a minimal portion of its expenses is directed towards programs. This raises questions about the efficacy of its operations and its ability to fulfill its mission effectively. Additionally, the working capital ratio of 6.88 years suggests potential liquidity issues that could impede future programming.
Despite its governance strengths, the organization needs to improve its financial performance to enhance its sustainability and effectiveness. Stakeholders and potential donors may want to consider these factors carefully when assessing the museum's overall impact and reliability as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is International African American Museum legitimate?
International African American Museum is a legitimate nonprofit organization registered as a 501(c)(3) entity. International African American Museum 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: $902,733
Professional Fundraising Fees: $2,568,766
Other Salaries and Wages: $1,017,277
For more financial information, click here
Official website here: www.iaamuseum.org
What is the mission statement of International African American Museum?
The International African American Museum is dedicated to shedding light on the untold stories of the African American journey, with a focus on influential histories in South Carolina. Located at a significant site in American history, the museum aims to highlight the diasporic connections of Africans and their descendants throughout the nation and the world. The museum's mission is to honor the past and preserve the stories of African Americans, providing a deeper understanding of their impact on history. The department of museum planning and operations plays a crucial role in the development, management, and implementation of the museum's operational strategies, ensuring a successful opening day. This includes coordinating construction, upfitting, occupancy, and staff move-in facilities, as well as security, emergency preparedness, IT, café, and store. A key aspect of the department's work is 'day one planning,' which integrates all museum departments and operations with the construction timeline to ensure a seamless transition to full operation.
Official website here: www.iaamuseum.org
Who is the CEO of International African American Museum?
Wilbur Johnson Esquire is the Board Member of International African American Museum. The CEO's salary of International African American Museum is $221,730 and their total compensation is $233,385.
Official website here: www.iaamuseum.org
What is the revenue of International African American Museum?
International African American Museum's revenue in 2022 was $11,921,609.
Official website here: www.iaamuseum.org
Who are the executives of International African American Museum and what are their salaries?
The average compensation at International African American Museum during 2022 was $54,857. There are 35 employees and 200 volunteers at International African American Museum.
Here are 38 key members and their salaries (International African American Museum's CEO's salary is $221,730 and their total compensation is $233,385):
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Official website here: www.iaamuseum.org
Where can I find the form 990 for International African American Museum?
International African American Museum's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iaamuseum.org
Learn more at the official website: www.iaamuseum.org
Mission Statement of International African American Museum
The International African American Museum (IAAM) is a cultural institution dedicated to shedding light on the significant histories of Africans and their descendants. Situated on a site of profound historical importance, where nearly half of all enslaved Africans arriving in North America disembarked, this esteemed organization strives to bring to light the untold stories of the African American journey.
IAAM's mission is a noble endeavor aimed at honoring the histories of Africans and their descendants. By illuminating their influential stories, the Museum seeks to emphasize the diasporic connections that span throughout the nation and the world. Through its various programs and initiatives, IAAM works towards creating a space for education, reflection, and empowerment for all who visit.
The Department of Museum Planning and Operations plays a pivotal role in the development, management, and implementation of the Museum's capital program. They oversee the construction, upfitting, occupancy, and staff move-in facilities, ensuring that security, emergency preparedness, IT, café, and store are all integrated into the Museum's operations. A crucial focus for this department is 'Day One Planning,' which involves coordinating all Museum departments and operations with the construction timeline to ensure a successful transition into full operation upon opening day.
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Impact
October, 2024
The International African American Museum (IAAM) in Charleston, situated at a historically significant site, serves as a vital hub for understanding and honoring the narratives of Africans and their descendants in South Carolina. By highlighting their influential histories and diasporic connections, the museum plays a critical role in educating visitors about the complexities of the African American experience.
Through its exhibits and cultural programs, the IAAM fosters a greater awareness of the historical impacts of slavery and the resilience of African American communities. Its focus on storytelling helps to illuminate the often-overlooked contributions of African Americans to the cultural and social fabric of the nation, ensuring that these stories are preserved and shared with future generations.
The museum’s comprehensive planning and operations emphasize a holistic approach to its mission. By integrating various departments and initiatives from the outset, the IAAM ensures a seamless visitor experience and robust engagement with its educational offerings. This not only enhances the museum’s role as a place of learning but also strengthens its capacity to serve as a gathering space for dialogue and reflection on the African American journey.
Overall, the impact of the International African American Museum extends beyond its physical space; it acts as a catalyst for community engagement, cultural understanding, and historical reflection, thus contributing significantly to the broader narrative of American history.
This information is meant to be a general summary of International African American Museum. 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: $137,703
- Gross Receipts: $11,932,613
Assets and Liabilities:
- Total Assets: $63,921,905
- Total Liabilities: $2,293,471
- Net Assets: $61,628,434
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Organization Details
Founding Year
2007
Phone
(843) 872-5352Principal Officer
Wilbur Johnson Esquire
Main Address
PO BOX 22761, CHARLESTON, SC, 29413
Website
www.iaamuseum.orgNTEE Category
Code: A50 - Arts
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