Overview
What is North Carolina Museum Of Art Foundation?
The North Carolina Museum of Art Foundation is a crucial supporter of the North Carolina Museum of Art in Raleigh, NC. While the museum partly relies on state appropriations for staffing and operational costs, the foundation is the primary source of financial backing for the museum's education and curatorial programming. These initiatives include statewide and museum-based educational programs, traveling art exhibitions, art conservation funds, public events, and donor cultivation for commissioned works and acquisitions. All artwork obtained through commissions or acquisitions is eventually gifted to the museum by the foundation. The foundation's primary mission is dedicated to advancing and enhancing the development of the North Carolina Museum of Art.
Official website here: www.ncartmuseum.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 94%, Four-Star out of Four Star rating.
The North Carolina Museum of Art Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong emphasis on accountability and financial health. With a perfect score in the Accountability & Finance category, the foundation demonstrates robust governance practices, including a fully independent board and effective oversight mechanisms. This high score reflects the organization's commitment to transparency and responsible financial management.
One of the standout strengths of the foundation is its low liabilities to assets ratio of 3.30%, showcasing a solid financial position. Additionally, a program expense ratio of 63.70% indicates that a significant portion of its funding is directed toward programs rather than administrative costs. Coupled with a fundraising efficiency ratio of $0.18, the foundation appears to be effective in utilizing donations to support its mission.
While the organization's financial metrics are highly commendable, further qualitative feedback from the community would provide additional insights into its impact and effectiveness in fulfilling its mission. Nevertheless, the North Carolina Museum of Art Foundation is positioned as a well-managed nonprofit with a strong focus on accountability.
This AI summary has been generated from information found on Charity Navigator.
Is North Carolina Museum Of Art Foundation legitimate?
North Carolina Museum Of Art Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Carolina Museum Of Art Foundation 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: $334,755
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,084,367
For more financial information, click here
Official website here: www.ncartmuseum.org
What is the mission statement of North Carolina Museum Of Art Foundation?
The North Carolina Museum of Art Foundation works towards fostering and promoting the growth, progress, and overall well-being of the North Carolina Museum of Art. Its primary mission involves providing significant financial support for the museum's education and curatorial programming. The foundation supports statewide and museum-based educational initiatives, traveling art exhibitions, art conservation funds, and public programming. Moreover, it cultivates donors for commissioned works of art and contributes to art acquisitions. All art acquired or commissioned by the foundation is gifted to the museum, making up a substantial portion of its art collection.
Official website here: www.ncartmuseum.org
Who is the CEO of North Carolina Museum Of Art Foundation?
Valerie Hillings is the President of North Carolina Museum Of Art Foundation. The CEO's salary of North Carolina Museum Of Art Foundation is $178,296 and their total compensation is $178,296.
Official website here: www.ncartmuseum.org
What is the revenue of North Carolina Museum Of Art Foundation?
North Carolina Museum Of Art Foundation's revenue in 2022 was $17,411,400.
Official website here: www.ncartmuseum.org
Who are the executives of North Carolina Museum Of Art Foundation and what are their salaries?
The average compensation at North Carolina Museum Of Art Foundation during 2022 was $53,758. There are 45 employees and 400 volunteers at North Carolina Museum Of Art Foundation.
Here are 35 key members and their salaries (North Carolina Museum Of Art Foundation's CEO's salary is $178,296 and their total compensation is $178,296):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $178,296
- Related: $0
- Other: $0
- Compensation: $108,636
- Related: $0
- Other: $5,418
- Compensation: $113,478
- Related: $0
- Other: $9,390
- Compensation: $171,729
- Related: $0
- Other: $14,440
- Compensation: $108,101
- Related: $0
- Other: $14,015
Official website here: www.ncartmuseum.org
Where can I find the form 990 for North Carolina Museum Of Art Foundation?
North Carolina Museum Of Art Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ncartmuseum.org
Learn more at the official website: www.ncartmuseum.org
Mission Statement of North Carolina Museum Of Art Foundation
The North Carolina Museum of Art Foundation is a dedicated organization that plays a significant role in nurturing and advancing the North Carolina Museum of Art. Its primary mission is to foster and promote the growth, progress, and overall well-being of the museum. The foundation provides the majority of financial support required for the museum's educational and curatorial programming. This includes funding for statewide and museum-based education programs, special traveling art exhibitions, supplemental art conservation funds, and public programming.
Moreover, the North Carolina Museum of Art Foundation cultivates donors for commissioned works of art and art acquisitions. All art commissioned or acquired is then gifted by the foundation to the museum. A significant portion of the artwork housed within the museum's art collection has been generously donated by the foundation. The North Carolina Museum of Art Foundation's unwavering commitment to the museum ensures that it continues to thrive and provide enriching experiences for its visitors.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The North Carolina Museum of Art Foundation significantly enhances the cultural landscape of the region by fostering and promoting the growth and welfare of the North Carolina Museum of Art. By providing essential financial support, the Foundation plays a crucial role in the museum's education and curatorial programming. This includes funding statewide and museum-based education initiatives, special traveling art exhibitions, and supplemental conservation efforts necessary for preserving the art collection.
Moreover, the Foundation actively cultivates donor relationships to secure commissioned works of art and facilitate contributions for art acquisitions, enriching the museum's offerings. A substantial portion of the museum's impressive art collection has been made possible through the gifts from the Foundation, ensuring that the public has ongoing access to diverse artistic expressions. Overall, the Foundation’s commitment not only enhances the museum's operational capabilities but also reinforces its position as a vital cultural institution in Raleigh and beyond.
This information is meant to be a general summary of North Carolina Museum Of Art Foundation. 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: $4,936,535
- Program Service Revenue: $1,406,558
- Gross Receipts: $39,317,704
Assets and Liabilities:
- Total Assets: $74,020,662
- Total Liabilities: $2,453,832
- Net Assets: $71,566,830
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$1,406,558
Organization Details
Founding Year
1969
Phone
(919) 839-6262Principal Officer
Valerie Hillings
Main Address
4630 MAIL SERVICE CENTER, RALEIGH, NC, 276994630
Website
www.ncartmuseum.orgNTEE Category
Code: A110 - Arts
If you are a representative of North Carolina Museum Of Art Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.