Overview
What is Arkansas Museum Of Fine Arts Foundation?
The Arkansas Museum of Fine Arts Foundation is a nonprofit organization established by the Arkansas Museum of Fine Arts in 1972. Its primary role is to manage and administer an endowment fund for the benefit of the museum in Little Rock, Arkansas. The foundation holds legal title to the collection of art objects and ensures a stable source of income for the museum. Its mission is twofold: managing the endowment and safeguarding the art collection.
Official website here: www.arkmfa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
The Arkansas Museum Of Fine Arts Foundation has achieved a Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This rating indicates the organization demonstrates a high level of transparency and responsible financial management, which is critical for building trust with donors and stakeholders.
The organization's strengths lie in its independent governance, with a board composed of 90% independent members, and robust financial oversight. It scored full points in several categories, including program expenses and fundraising efficiency, which suggests that all funds are effectively utilized for their intended purposes without unnecessary administrative costs.
While the data points to a well-managed organization, it is essential for potential supporters to consider the broader impact and outreach of the Foundation. While financial metrics are exemplary, understanding the Foundation's programmatic outcomes and community engagement would provide a more holistic view of its effectiveness and mission fulfillment.
This AI summary has been generated from information found on Charity Navigator.
Is Arkansas Museum Of Fine Arts Foundation legitimate?
Arkansas Museum Of Fine Arts Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arkansas Museum Of Fine Arts 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: $1,304,083
For more financial information, click here
Official website here: www.arkmfa.org
What is the mission statement of Arkansas Museum Of Fine Arts Foundation?
The Arkansas Museum of Fine Arts Foundation was established by the Arkansas Museum of Fine Arts in 1972, with the primary objective of managing and administering an endowment fund for the benefit of the museum. This foundation holds the legal title to the museum's collection of art objects. Its mission is geared towards supporting the operation of the Arkansas Museum of Fine Arts and ensuring a stable source of income for its continued growth and success. By managing the endowment fund, the foundation plays a crucial role in securing the financial future of the museum and preserving its valuable art collection for future generations.
Official website here: www.arkmfa.org
Who is the CEO of Arkansas Museum Of Fine Arts Foundation?
Dr Victoria Ramirez is the Secretary of Arkansas Museum Of Fine Arts Foundation.
Official website here: www.arkmfa.org
What is the revenue of Arkansas Museum Of Fine Arts Foundation?
Arkansas Museum Of Fine Arts Foundation's revenue in 2022 was $14,055,557.
Official website here: www.arkmfa.org
Who are the executives of Arkansas Museum Of Fine Arts Foundation and what are their salaries?
There 10 volunteers at Arkansas Museum Of Fine Arts Foundation.
Here are 10 key members and their salaries:
- 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: $284,859
- Other: $0
Official website here: www.arkmfa.org
Where can I find the form 990 for Arkansas Museum Of Fine Arts Foundation?
Arkansas Museum Of Fine Arts Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.arkmfa.org
Learn more at the official website: www.arkmfa.org
Mission Statement of Arkansas Museum Of Fine Arts Foundation
The Arkansas Museum of Fine Arts Foundation, a vital entity established by the Arkansas Museum of Fine Arts in 1972, plays a significant role in ensuring the financial stability and operational success of the museum. With a mission deeply rooted in supporting its sister organization, the Foundation manages and administers an endowment fund on the behalf of the Arkansas Museum of Fine Arts. By holding legal title to the collection of art objects, it enables the museum to focus on its primary role of showcasing and preserving artistic masterpieces.
The Arkansas Museum of Fine Arts Foundation serves as the museum's financial backbone, providing a consistent source of income. Its purpose is threefold: first, to maintain the endowment fund; second, to oversee its management and administration; third, to ensure the long-term sustainability of the Arkansas Museum of Fine Arts. This vital organization acts as a shield, safeguarding the museum's financial future and allowing it to continue enriching the lives of its visitors through artistic exploration and education.
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 Arkansas Museum of Fine Arts Foundation plays a pivotal role in enhancing the cultural landscape of Little Rock and the greater Arkansas region. By managing and administering an endowment fund, it ensures a stable source of income that supports the Arkansas Museum of Fine Arts. This financial backing allows the museum to operate effectively, providing access to a diverse collection of art objects that enrich the community's appreciation for the arts.
The Foundation’s impact is multifaceted. It safeguards the future of the museum’s collection, ensuring that both residents and visitors can engage with art that reflects a wide range of historical and contemporary perspectives. Additionally, by facilitating programming and exhibitions, it fosters a creative environment where artists can thrive and where educational initiatives can flourish, benefiting schools and individuals alike.
Through its commitment, the Arkansas Museum of Fine Arts Foundation strengthens the cultural fabric of the region, making art more accessible and relevant to the community. The Foundation not only preserves the artistic heritage of Arkansas but also inspires future generations to value and participate in the arts.
This information is meant to be a general summary of Arkansas Museum Of Fine Arts 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: $355,938
- Gross Receipts: $30,487,668
Assets and Liabilities:
- Total Assets: $69,331,609
- Total Liabilities: $4,092,798
- Net Assets: $65,238,811
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1972
Phone
(501) 372-4000Principal Officer
Dr Victoria Ramirez
Main Address
501 EAST NINTH STREET, LITTLE ROCK, AR, 72202
Website
www.arkmfa.orgNTEE Category
Code: A110 - Arts
If you are a representative of Arkansas Museum Of Fine Arts 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.