Overview
What is Studebaker National Museum Foundation Inc?
Studebaker National Museum Foundation Inc, located in South Bend, Indiana, is a nonprofit organization that raises and manages contributions to support the operations of the Studebaker National Museum. This historic museum houses, displays, and restores a collection of vintage vehicles, archives, and artifacts related to the Studebaker Automobile Corporation and the city of South Bend. The foundation's mission is to preserve and showcase the rich history of Studebaker, contributing to the cultural heritage of the region.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
The Studebaker National Museum Foundation Inc has received a low rating of 54%, resulting in a One-Star designation. This score is primarily based on its Accountability & Finance metrics, which indicate significant areas of concern. While the organization has demonstrated strong governance practices, including having 83% independent board members and effective conflict of interest policies, the overall financial health appears to be lacking.
Strengths noted include a fully independent board, absence of material diversion of assets, and comprehensive policies for whistleblowing and document retention. However, the foundation's financial indicators are troubling, with a 0.00% ratio for program expenses, suggesting that very little of its resources are directed towards its stated mission. Additionally, the absence of the required tax form on its website further detracts from its accountability score.
The combination of high governance standards with poor financial management raises questions about the effectiveness of the organization's operations and its commitment to fulfilling its mission. Stakeholders may want to consider these factors carefully when assessing the nonprofit's viability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Studebaker National Museum Foundation Inc legitimate?
Studebaker National Museum Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Studebaker National Museum 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:
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What is the mission statement of Studebaker National Museum Foundation Inc?
The Studebaker National Museum Foundation Inc's mission is centered around raising and managing funds for the operational support of a historical museum. This museum serves as a home for a collection of historical vehicles, archives, and various artifacts related to the Studebaker Automobile Corporation. The primary focus is on preserving and showcasing these items, providing display and restoration facilities. The foundation's role is crucial in ensuring the continuity and growth of this institution, offering a glimpse into the past and the history of the Studebaker Automobile Corporation.
Who is the CEO of Studebaker National Museum Foundation Inc?
Shane Stopczynski is the Board Member of Studebaker National Museum Foundation Inc.
What is the revenue of Studebaker National Museum Foundation Inc?
Studebaker National Museum Foundation Inc's revenue in 2022 was $56,277.
Who are the executives of Studebaker National Museum Foundation Inc and what are their salaries?
There 8 volunteers at Studebaker National Museum Foundation Inc.
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Where can I find the form 990 for Studebaker National Museum Foundation Inc?
Studebaker National Museum Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Studebaker National Museum Foundation Inc
The Studebaker National Museum Foundation Inc is dedicated to raising and managing funds for the operation of a historical museum. This museum serves as a home for a collection of artifacts, archives, and historical vehicles related to the Studebaker Automobile Corporation and the city of South Bend, Indiana. The foundation's mission is to support the museum by providing housing, display, and restoration facilities for these valuable items. By doing so, the Studebaker National Museum Foundation Inc plays a crucial role in preserving and showcasing the rich history of the Studebaker Corporation and its impact on the city. The foundation's work is essential in ensuring that future generations can learn about and appreciate the significance of the Studebaker Automobile Corporation's legacy.
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Impact
October, 2024
The Studebaker National Museum Foundation Inc significantly contributes to the preservation and celebration of automotive history, particularly that associated with the Studebaker Automobile Corporation and the heritage of South Bend, Indiana. By generating and managing contributions, the foundation supports the operations of the Studebaker National Museum, which serves as a vital cultural institution.
The museum provides housing, display, and restoration facilities for a diverse collection of historical vehicles, archives, and artifacts that reflect the craftsmanship and innovation of the Studebaker brand. This not only preserves an important aspect of American industrial history but also educates the public about the legacy of the automobile industry in the region.
Furthermore, the museum fosters community engagement and tourism, enhancing local economic activity while cultivating a sense of pride in regional heritage. By maintaining and showcasing these historical treasures, the Studebaker National Museum Foundation Inc plays a crucial role in keeping the stories of the past alive for future generations.
This information is meant to be a general summary of Studebaker National Museum 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 2022.
- Investment Income: $38,070
- Gross Receipts: $158,326
Assets and Liabilities:
- Total Assets: $1,104,276
- Total Liabilities: $0
- Net Assets: $1,104,276
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Organization Details
Founding Year
2006
Phone
(574) 235-9479Principal Officer
Shane Stopczynski
Main Address
201 SOUTH CHAPIN STREET, SOUTH BEND, IN, 46601
NTEE Category
Code: A115 - Arts
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