Overview
What is The Barnum Museum Foundation Inc?
The Barnum Museum Foundation Inc, located at 820 Main Street, Bridgeport, CT 06604, is a dedicated nonprofit organization. Established in 1986, its primary mission is to operate the Barnum Museum and a related gallery. The foundation aims to inspire curiosity, creativity, and confidence through instructive entertainment. The museum serves as a relevant institution of learning, fostering intellectual exchange, community engagement, and preserving the legacy of P.T. Barnum, the American visionary entrepreneur and entertainer. Amidst multiple natural disasters, the foundation has been instrumental in restoring and maintaining the museum, safeguarding thousands of its artifacts. With a small workforce of 3 individuals, the Barnum Museum Foundation Inc continues its commitment to honoring Barnum's place in American history.
Official website here: www.barnum-museum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Three-Star out of Four Stars (89%)
The Barnum Museum Foundation Inc receives a solid Three-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The high score reflects well on the organization's commitment to transparency and sound financial practices, particularly with a perfect score for having a majority of independent board members and effective oversight mechanisms.
Strengths of the organization include a thorough approach to governance, as evidenced by their comprehensive conflict of interest and whistleblower policies, as well as the presence of audited financial statements. Additionally, the foundation has a low liabilities-to-assets ratio, which suggests strong financial health and stability. The percentage of program expenses is also notable, although it is slightly below the ideal threshold.
However, there is room for improvement in the program expense ratio, which stands at 64.66%. This indicates that while a significant portion of funds supports programs, a more substantial investment could enhance the organization's impact. Overall, the Barnum Museum Foundation Inc demonstrates commendable accountability and governance practices, making it a trustworthy option for donors seeking to support nonprofit initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is The Barnum Museum Foundation Inc legitimate?
The Barnum Museum Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Barnum 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:
Executive Compensation: $135,499
Professional Fundraising Fees: $0
Other Salaries and Wages: $171,086
For more financial information, click here
Official website here: www.barnum-museum.org
What is the mission statement of The Barnum Museum Foundation Inc?
The Barnum Museum Foundation's mission is to operate the Barnum Museum and a related gallery. Established in 1986, the foundation's primary objective is to inspire curiosity, creativity, and confidence through instructive entertainment. The museum serves as a relevant institution of learning, committed to intellectual exchange, community engagement, and the preservation and interpretation of P.T. Barnum's legacy and his significant role in American history. The foundation is dedicated to collecting, preserving, and showcasing artifacts and exhibits that shed light on Barnum's life and contributions to society.
Official website here: www.barnum-museum.org
What is the revenue of The Barnum Museum Foundation Inc?
The Barnum Museum Foundation Inc's revenue in 2023 was $3,728,261.
Official website here: www.barnum-museum.org
Who are the executives of The Barnum Museum Foundation Inc and what are their salaries?
The average compensation at The Barnum Museum Foundation Inc during 2023 was $76,646. There are 4 employees and 17 volunteers at The Barnum Museum Foundation Inc.
Here are 19 key members and their salaries:
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- Compensation: $115,691
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- Compensation: $93,645
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- Other: $10,621
Official website here: www.barnum-museum.org
Where can I find the form 990 for The Barnum Museum Foundation Inc?
The Barnum Museum Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.barnum-museum.org
Learn more at the official website: www.barnum-museum.org
Mission Statement of The Barnum Museum Foundation Inc
The Barnum Museum Foundation Inc, established in 1986, is dedicated to operating the Barnum Museum and a related gallery. Its mission is multifaceted, aiming to inspire curiosity, creativity, and confidence in individuals through instructive entertainment. This nonprofit institution serves as a relevant learning platform, fostering intellectual exchange and community engagement. The foundation is committed to the collection, preservation, and interpretation of P.T. Barnum's legacy and his significant role in American history. By providing an engaging and educational experience, The Barnum Museum Foundation Inc seeks to promote a deeper understanding of Barnum's impact on society and culture.
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Impact
July, 2024
The Barnum Museum Foundation Inc's impact lies in its continuous efforts to operate and restore the Barnum Museum in Bridgeport, CT. The foundation's mission is to inspire curiosity, creativity, and confidence through instructive entertainment, focusing on the legacy of the American visionary entrepreneur and entertainer, Phineas Taylor Barnum. The foundation is dedicated to the collection, preservation, and interpretation of Barnum's legacy, serving as a relevant institution of learning that fosters intellectual exchange and community engagement. By safeguarding and showcasing thousands of artifacts related to P.T. Barnum, the foundation contributes to preserving an essential part of American history and culture.
This information is meant to be a general summary of The Barnum 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 2023.
- Gross Receipts: $3,728,261
Assets and Liabilities:
- Total Assets: $1,824,421
- Total Liabilities: $274,660
- Net Assets: $1,549,761
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Organization Details
Founding Year
1986
Principal Officer
John Swing
Website
www.barnum-museum.orgNTEE Category
Code: A500 - Arts
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