Overview
What is Hanford Mills Museum Endowment Fund 003438?
The Hanford Mills Museum Endowment Fund 003438 is a dedicated nonprofit entity that plays a vital role in preserving and maintaining the Hanford Mills Museum situated in East Meredith, New York. The fund's primary objective is to support the museum's programs, ensuring its continued operation and significance. The museum itself is a cherished cultural asset, offering a variety of educational and interactive experiences for visitors. By contributing financially to its upkeep, the fund ensures the Hanford Mills Museum at East Meredith remains a thriving educational and historical resource for the community and beyond.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 45% (Zero-Star out of Four Star rating)
The Hanford Mills Museum Endowment Fund has received a 45% score from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization has no independent board members, which raises questions about governance and oversight. Additionally, the lack of essential policies related to conflict of interest, whistleblower protections, and document retention further underscores its governance shortcomings.
While the museum has demonstrated a commitment to its mission with a program expense ratio of 63.29%, the overall financial health appears to be at risk due to inadequate transparency measures. The organization has reported no material diversion of assets and maintains a favorable liabilities to assets ratio, reflecting a positive aspect of its financial management.
Nevertheless, the absence of a publicly accessible website, which is crucial for transparency and communication with stakeholders, is particularly concerning. The missing documentation, such as tax forms on its website, limits public trust and accountability. Overall, while the Hanford Mills Museum Endowment Fund has potential, substantial improvements are necessary to enhance its governance and transparency practices.
This AI summary has been generated from information found on Charity Navigator.
Is Hanford Mills Museum Endowment Fund 003438 legitimate?
Hanford Mills Museum Endowment Fund 003438 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hanford Mills Museum Endowment Fund 003438 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: $11,772
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Hanford Mills Museum Endowment Fund 003438?
The Hanford Mills Museum Endowment Fund 003438 is dedicated to the preservation and care of a specific entity, namely, the Hanford Mills Museum. This commitment extends to supporting the museum's various programs, ensuring its continued operation and upkeep. The fund's activities are primarily geared towards safeguarding the heritage and educational value that the Hanford Mills Museum provides. It's an ongoing endeavor to maintain the museum as a resource for historical learning and appreciation.
Who is the CEO of Hanford Mills Museum Endowment Fund 003438?
Same As C Above is the Principal Officer of Hanford Mills Museum Endowment Fund 003438.
What is the revenue of Hanford Mills Museum Endowment Fund 003438?
Hanford Mills Museum Endowment Fund 003438's revenue in 2022 was $45,316.
Who are the executives of Hanford Mills Museum Endowment Fund 003438 and what are their salaries?
There is 1 key member and their salary:
- Compensation: $11,772
- Related: $0
- Other: $0
Where can I find the form 990 for Hanford Mills Museum Endowment Fund 003438?
Hanford Mills Museum Endowment Fund 003438's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hanford Mills Museum Endowment Fund 003438
The Hanford Mills Museum Endowment Fund 003438 is dedicated to preserving and caring for the Hanford Mills Museum, a significant cultural institution located elsewhere. The primary mission of this endowment fund is to safeguard and nurture the museum's programs, which include various educational and historical exhibits. By doing so, it contributes to the ongoing conservation and promotion of the museum's rich heritage and educational values. The endowment fund's efforts ensure that future generations can continue to appreciate and learn from the Hanford Mills Museum's offerings.
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Impact
August, 2024
The impact of Hanford Mills Museum Endowment Fund 003438 is centered around the preservation and care of Hanford Mills Museum in East Meredith, NY. This fund plays a crucial role in supporting the museum's programs and initiatives, ensuring the continued viability and accessibility of this cultural heritage site. By contributing to the fund, individuals and organizations are directly supporting the maintenance, preservation, and promotion of the Hanford Mills Museum, thereby helping to safeguard its rich history and educational value for current and future generations to experience and enjoy.
This information is meant to be a general summary of Hanford Mills Museum Endowment Fund 003438. 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: $26,965
- Gross Receipts: $159,439
Assets and Liabilities:
- Total Assets: $827,053
- Total Liabilities: $0
- Net Assets: $827,053
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Organization Details
Founding Year
2016
Phone
(607) 433-4124Principal Officer
Same As C Above
Main Address
5 FORD AVE PO BOX 430, ONEONTA, NY, 13820
NTEE Category
Code: A5IZ - Arts
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