Overview
What is Design Museum Foundation Inc?
Design Museum Foundation Inc, based in Boston, Massachusetts, is a nonprofit organization dedicated to inspiring social change. They achieve this mission through the transformative power of design, primarily through education, exhibitions, and publications. Their exhibitions, which are both physical and digital, cover various topics within their impact areas, such as sustainability, healthcare design, and the design of play. These exhibitions are developed in collaboration with a content advisory committee, ensuring a diverse and expert perspective. In 2023, their exhibitions attracted a total of 103,154 visitors, both in person and online. With a team of 11 dedicated individuals, Design Museum Foundation Inc aims to make design an integral part of solving societal challenges.
Official website here: www.designmuseumfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66%, Two-Star out of Four Star rating.
The Design Museum Foundation Inc has received a two-star rating from Charity Navigator, indicating some concerns in its overall accountability and financial management. While it excels in cultural and community engagement, reflected in a high score of 95 in that category, its accountability and finance score of 60 highlights room for improvement, particularly in financial sustainability and program expense efficiency.
Strengths of the organization include a largely independent board, with 92% of its members being independent, and a robust framework for policies, including conflict of interest and whistleblower protections. The foundation demonstrates a strong commitment to collecting and utilizing feedback, scoring 100 in both areas, which suggests an effective approach to stakeholder engagement and responsiveness.
However, notable limitations are present in the area of financial health, as indicated by a high liabilities to assets ratio of 327.08% and a low program expense ratio of 49.82%. These metrics suggest potential financial instability and raise questions about the allocation of resources towards its programs. Addressing these financial challenges will be essential for improving the organization's overall rating and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Design Museum Foundation Inc legitimate?
Design Museum Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Design Museum Foundation Inc 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: $126,175
Professional Fundraising Fees: $0
Other Salaries and Wages: $299,461
For more financial information, click here
Official website here: www.designmuseumfoundation.org
What is the mission statement of Design Museum Foundation Inc?
The Design Museum Foundation Inc's mission is centered around inspiring social change through the transformative power of design. They achieve this goal by utilizing education, exhibitions, and publications as their primary tools. Through their exhibitions, which cover topics like sustainability, healthcare design, and play, they offer immersive experiences in public spaces and online, featuring visual storytelling, case studies, designer profiles, and more. Each exhibition is developed in collaboration with a content advisory committee, consisting of design experts and leaders in the relevant fields. In 2023, their exhibitions attracted a total of 103,154 visitors, both in-person and online.
Official website here: www.designmuseumfoundation.org
Who is the CEO of Design Museum Foundation Inc?
Maria Villafranca is the Executive Director of Design Museum Foundation Inc.
Official website here: www.designmuseumfoundation.org
What is the revenue of Design Museum Foundation Inc?
Design Museum Foundation Inc's revenue in 2023 was $541,742.
Official website here: www.designmuseumfoundation.org
Who are the executives of Design Museum Foundation Inc and what are their salaries?
The average compensation at Design Museum Foundation Inc during 2023 was $38,694. There are 11 employees and 14 volunteers at Design Museum Foundation Inc.
Here are 16 key members and their salaries:
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- Other: $4,250
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- Compensation: $85,070
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- Other: $7,700
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Official website here: www.designmuseumfoundation.org
Where can I find the form 990 for Design Museum Foundation Inc?
Design Museum Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.designmuseumfoundation.org
Learn more at the official website: www.designmuseumfoundation.org
Mission Statement of Design Museum Foundation Inc
Design Museum Foundation Inc aims to inspire social change by harnessing the transformative power of design. Through their educational programs, thought-provoking exhibitions, and insightful publications, they strive to influence societal developments in various sectors, such as sustainability and healthcare design. The organization's exhibitions are immersive experiences that showcase design concepts in public spaces and host venues, incorporating elements like large-scale graphics, visual storytelling, case studies, artist and designer profiles, design artifacts, videos, and data visualizations. Each exhibition is curated collaboratively with a volunteer content advisory committee, a group of design experts and leaders in the relevant content area. The exhibitions are also made accessible online to cater to a wider audience, with over 87,838 people accessing the online exhibitions in 2023 alongside the 15,316 who attended in person.
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Impact
July, 2024
Design Museum Foundation Inc's impact is significant in inspiring social change through the transformative power of design. Their free, public exhibitions cover a range of topics within their impact areas, from sustainability and healthcare design to the design of play. These exhibitions are immersive experiences featuring large-scale graphics, visual storytelling, case studies, artist and designer profiles, design artifacts, and more. By collaborating with design experts and leaders in each exhibition's content area, they ensure a high-quality and informative experience for their audience.
In 2023 alone, Design Museum Foundation Inc's exhibitions were attended by 15,316 people in person and 87,838 online, showcasing their commitment to accessibility and reach. Through their mission of education, exhibitions, and publications, they are actively engaging with the community and promoting the importance of design in driving positive social change.
This information is meant to be a general summary of Design Museum Foundation Inc. 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 2023.
- Program Service Revenue: $147,229
- Gross Receipts: $541,902
Assets and Liabilities:
- Total Assets: $210,556
- Total Liabilities: $688,718
- Net Assets: -$478,162
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$133,138
PROGRAM RENTALS
Revenue
$14,091
Organization Details
Founding Year
2009
Phone
(888) 287-0167Principal Officer
Maria Villafranca
Main Address
PO BOX 9188, BOSTON, MA, 02114
NTEE Category
Code: A40 - Arts
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