Overview
What is African American Museum In Philadelphia?
The African American Museum in Philadelphia is a significant nonprofit institution located at 701 Arch Street, Philadelphia, PA 19106. Established with a mission to celebrate and share the Black experience through art, history, and culture, the museum preserves and maintains a collection of historically significant artifacts and art objects. The museum's collection, which has grown through acquisitions and donations since its inception, is not recognized as financial assets. With a dedicated team of 26 employees, the African American Museum in Philadelphia engages diverse communities in appreciating and understanding the Black experience, fostering an inclusive and enriching cultural environment.
Official website here: www.aampmuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69% (Two-Star out of Four Star rating)
The African American Museum in Philadelphia has received a 69% rating from Charity Navigator, indicating a Two-Star status. This score reflects a mixed performance in accountability and finance, with strengths in governance as evidenced by a fully independent board and well-documented policies like conflict of interest and whistleblower protections.
The organization showcases a strong commitment to transparency and ethical management, with no material diversion of assets reported. However, it faces challenges in its financial management, as indicated by a program expense ratio of 60.71%, suggesting that a significant portion of its expenses may not be directed towards its programs. This aspect may raise concerns about the effectiveness of its spending relative to mission fulfillment.
Overall, while the African American Museum in Philadelphia demonstrates solid governance practices, potential donors and supporters might want to consider the financial efficiency and program impact when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is African American Museum In Philadelphia legitimate?
African American Museum In Philadelphia is a legitimate nonprofit organization registered as a 501(c)(3) entity. African American Museum In Philadelphia 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: $979,254
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.aampmuseum.org
What is the mission statement of African American Museum In Philadelphia?
The African American Museum in Philadelphia engages diverse communities in appreciating the Black experience through the narrative of art, history, and culture. Its mission is to serve as a platform that fosters understanding and appreciation for the Black community's rich history and cultural heritage. The museum achieves this by preserving, maintaining, and showcasing artifacts of historical significance and art objects, providing visitors with a profound and enlightening experience. The museum's collections, which have been acquired since its inception through purchases and contributions, are not recognized as assets on its financial statement.
Official website here: www.aampmuseum.org
Who is the CEO of African American Museum In Philadelphia?
Donn Scott is the President & Ceo of African American Museum In Philadelphia. The CEO's salary of African American Museum In Philadelphia is $50,698 and their total compensation is $56,886.
Official website here: www.aampmuseum.org
What is the revenue of African American Museum In Philadelphia?
African American Museum In Philadelphia's revenue in 2022 was $3,191,767.
Official website here: www.aampmuseum.org
Who are the executives of African American Museum In Philadelphia and what are their salaries?
The average compensation at African American Museum In Philadelphia during 2022 was $37,664. There are 26 employees and 36 volunteers at African American Museum In Philadelphia.
Here are 37 key members and their salaries (African American Museum In Philadelphia's CEO's salary is $50,698 and their total compensation is $56,886):
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Official website here: www.aampmuseum.org
Where can I find the form 990 for African American Museum In Philadelphia?
African American Museum In Philadelphia's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aampmuseum.org
Learn more at the official website: www.aampmuseum.org
Mission Statement of African American Museum In Philadelphia
The African American Museum in Philadelphia engages various communities in appreciating the Black experience by utilizing the narratives of art, history, and culture. Its mission is to provide a platform where these stories are preserved, maintained, and shared, aiming to foster a deeper understanding and appreciation of the African American community's rich history and culture. The museum's collections consist of historical artifacts and art objects, which it meticulously preserves in accordance with its preservation policies. These acquisitions, made through purchases and contributions since the museum's inception, are not recognized as assets on its financial statement. In essence, the African American Museum in Philadelphia serves as a beacon of knowledge and celebration, bridging the gap between diverse communities and the Black experience through the powerful mediums of art, history, and culture.
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Impact
October, 2024
The African American Museum in Philadelphia plays a crucial role in fostering an understanding and appreciation of the Black experience through its rich narrative of art, history, and culture. By engaging diverse communities, the museum serves as a bridge that connects individuals to the significant contributions and experiences of African Americans.
Through its carefully curated collections of historically significant artifacts and art objects, the museum preserves and showcases the profound stories and triumphs of the Black community. This preservation not only protects the cultural heritage but also provides educational opportunities for visitors to learn about the past and its relevance to contemporary society.
Moreover, the museum’s commitment to engaging various communities encourages dialogue and reflection, making it a vital space for cultural exchange. Its focus on education and outreach helps to inspire future generations and fosters a deeper understanding of the complexities of art and history in relation to race and identity. In essence, the African American Museum in Philadelphia significantly impacts the community by promoting cultural awareness, preserving history, and celebrating the richness of the African American experience.
This information is meant to be a general summary of African American Museum In Philadelphia. 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.
- Program Service Revenue: $482,329
- Gross Receipts: $3,191,767
Assets and Liabilities:
- Total Assets: $3,704,226
- Total Liabilities: $397,960
- Net Assets: $3,306,266
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARKING LOT RENTAL
Revenue
$228,079
ADMISSIONS
Revenue
$212,611
FACILITY RENTALS
Revenue
$23,285
MUSEUM SHOP SALES
Revenue
$11,315
OTHER PUBLIC PROGRAMMI
Revenue
$7,039
Organization Details
Founding Year
1974
Phone
(215) 574-0380Principal Officer
Donn Scott
Main Address
701 ARCH STREET, PHILADELPHIA, PA, 19106
Website
www.aampmuseum.orgNTEE Category
Code: A500 - Arts
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