Overview
What is Menominee Range Historical Foundation?
The Menominee Range Historical Foundation is a small nonprofit organization, based in Iron Mountain, Michigan. With just two employees, their primary mission is to preserve and showcase the rich history of the iron range in the local area. They accomplish this by operating three museums, which serve as a repository for various artifacts from the past. These museums provide valuable insights into the region's history, offering visitors a chance to learn and connect with their heritage. The foundation's work plays a crucial role in preserving and sharing the local history, ensuring that future generations can appreciate and learn from it.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
The Menominee Range Historical Foundation has received a two-star rating from Charity Navigator, indicating that while the organization demonstrates some strengths, it also has significant areas for improvement. The foundation excels in accountability and finance, achieving a perfect score in several key areas such as board independence, material diversion of assets, and program expense ratio. These metrics suggest a solid financial foundation and a commitment to governance.
However, the organization faces challenges due to missing policies that are crucial for transparency and accountability, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. These gaps have resulted in low scores in several governance categories. Additionally, the absence of accessible tax forms on the nonprofit's website may hinder donor confidence and public transparency.
Overall, while the Menominee Range Historical Foundation shows strengths in financial management and governance structure, it must address its policy deficiencies to enhance its credibility and effectiveness in the nonprofit sector. Addressing these limitations could significantly improve its rating and public trust in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is Menominee Range Historical Foundation legitimate?
Menominee Range Historical Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Menominee Range Historical 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $29,673
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What is the mission statement of Menominee Range Historical Foundation?
The Menominee Range Historical Foundation's mission is centered around preserving the historical artifacts of the past, specifically related to the iron range. They achieve this by operating three museums in an unspecified location. The primary objective of these museums is to showcase and safeguard the rich history of the iron range, providing a valuable resource for individuals interested in the area's heritage. By operating these museums, the foundation aims to educate and engage the public in the history and culture of the iron range, ensuring that its past is not forgotten.
Who is the CEO of Menominee Range Historical Foundation?
Guy Forstrom is the President of Menominee Range Historical Foundation.
What is the revenue of Menominee Range Historical Foundation?
Menominee Range Historical Foundation's revenue in 2022 was $167,990.
Who are the executives of Menominee Range Historical Foundation and what are their salaries?
The average compensation at Menominee Range Historical Foundation during 2022 was $14,836. There are 2 employees and 25 volunteers at Menominee Range Historical Foundation.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Menominee Range Historical Foundation?
Menominee Range Historical Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Menominee Range Historical Foundation
The Menominee Range Historical Foundation is committed to a significant mission. This nonprofit organization focuses on operating three museums in various locations within the Iron Mountain area. The primary objective of these museums is to safeguard and showcase artifacts that provide a glimpse into the rich past history of the iron range. By maintaining these facilities, the Menominee Range Historical Foundation aims to preserve the legacy of the region's past, ensuring future generations can learn from and appreciate its history. The foundation's mission is a testament to its dedication to preserving and sharing the stories and memories of the past, keeping the heritage of the iron range alive for years to come.
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Impact
October, 2024
The Menominee Range Historical Foundation plays a crucial role in preserving the rich history of the iron range in the Iron Mountain area of Michigan. By operating three museums, it serves as a custodian of local heritage, showcasing artifacts that tell the story of the region's past. This initiative not only educates the public about the historical significance of the iron range but also fosters a sense of community pride and connection to local history. The foundation's efforts help to ensure that future generations appreciate and understand the cultural and economic impact of the iron mining industry, making it an invaluable asset to the Iron Mountain community.
This information is meant to be a general summary of Menominee Range Historical 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: $25,500
- Program Service Revenue: $47,540
- Gross Receipts: $268,434
Assets and Liabilities:
- Total Assets: $1,579,058
- Total Liabilities: $2,382
- Net Assets: $1,576,676
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Museum admissions
Revenue
$38,652
Gift shop sales- net
Revenue
$1,779
E*Bay sales
Revenue
$7,109
Organization Details
Founding Year
1969
Phone
(906) 828-1822Principal Officer
Guy Forstrom
Main Address
PO BOX 237, Iron Mountain, MI, 49801
NTEE Category
Code: A82Z - Arts
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