Overview
What is Owensboro Museum Of Fine Art Inc?
The Owensboro Museum of Fine Art Inc, situated at 901 Frederica Street, Owensboro, Kentucky 42301, is a nonprofit organization with a mission to enrich the cultural landscape of the region. It accomplishes this by maintaining a collection of American, European, and Asian fine and decorative arts from the 15th century to the present. The museum offers various programs to engage the public, such as major traveling exhibitions, visual and performing arts events, interpretive activities, and educational programs for both children and adults throughout the year. The primary objective of Owensboro Museum of Fine Art Inc is to familiarize people with fine art, actively supporting the visual arts in Owensboro and its surrounding areas, with a team of 12 dedicated individuals.
Official website here: www.omfa.us
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating
The Owensboro Museum of Fine Art Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The score is based entirely on the organization’s accountability practices, showcasing strengths in areas such as board independence and financial transparency. Notably, 91% of its board members are independent, which is considered a strong governance practice.
However, the organization has some notable shortcomings. It lacks a conflict of interest policy and a whistleblower policy, which are essential for ensuring ethical practices within nonprofit governance. These omissions could raise concerns about the organization's commitment to transparency and ethical accountability, despite its strong performance in other areas.
The museum demonstrates a healthy financial structure, with a program expense ratio of 73.66%, indicating that a significant portion of its expenditures is directed toward its core programs. This focus on program spending is a positive aspect, but the organization will benefit from addressing its governance gaps to enhance overall accountability and community trust.
This AI summary has been generated from information found on Charity Navigator.
Is Owensboro Museum Of Fine Art Inc legitimate?
Owensboro Museum Of Fine Art Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Owensboro Museum Of Fine Art 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: $73,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $144,872
For more financial information, click here
Official website here: www.omfa.us
What is the mission statement of Owensboro Museum Of Fine Art Inc?
The Owensboro Museum of Fine Art Inc's mission is centered around educating the public about fine art. In essence, the institution operates and maintains a museum, serving as a hub for visual arts in its local area and beyond. The museum houses a diverse collection of fine and decorative arts, spanning from the 15th century to the present. It hosts various programs, such as traveling exhibitions, visual and performing arts events, and educational programs for both children and adults. The museum also engages in interpretive events to enrich the cultural environment of the region.
Official website here: www.omfa.us
Who is the CEO of Owensboro Museum Of Fine Art Inc?
Mary Bryan Hood is the President/Director of Owensboro Museum Of Fine Art Inc.
Official website here: www.omfa.us
What is the revenue of Owensboro Museum Of Fine Art Inc?
Owensboro Museum Of Fine Art Inc's revenue in 2022 was $503,553.
Official website here: www.omfa.us
Who are the executives of Owensboro Museum Of Fine Art Inc and what are their salaries?
The average compensation at Owensboro Museum Of Fine Art Inc during 2022 was $18,156. There are 12 employees and 350 volunteers at Owensboro Museum Of Fine Art Inc.
Here are 12 key members and their salaries:
- Compensation: $62,646
- Related: $20,882
- Other: $10,467
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- Other: $0
Official website here: www.omfa.us
Where can I find the form 990 for Owensboro Museum Of Fine Art Inc?
Owensboro Museum Of Fine Art Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.omfa.us
Learn more at the official website: www.omfa.us
Mission Statement of Owensboro Museum Of Fine Art Inc
The Owensboro Museum of Fine Art Inc is dedicated to enriching the public's understanding of fine art. In line with this mission, the organization actively supports and promotes the visual arts within Owensboro and its surrounding areas. The museum maintains a permanent collection of fine and decorative arts, spanning from the 15th century to the present. This extensive collection serves as a testament to the diversity and evolution of artistic expression across various continents.
Beyond its permanent collection, the Owensboro Museum of Fine Art Inc hosts a variety of programs to engage and educate its audience. These programs include major traveling exhibitions, visual and performing arts performances, and interpretive events. Furthermore, the museum offers educational programs for both children and adults, ensuring that art appreciation is accessible to people of all ages. By providing such a comprehensive array of activities, the Owensboro Museum of Fine Art Inc strives to contribute to the cultural growth and enrichment of its community.
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Impact
July, 2024
The Owensboro Museum of Fine Art Inc has a significant impact in familiarizing the public with fine art by expanding and enhancing the cultural environment of the region. Through its permanent collection of American, European, and Asian fine and decorative arts spanning from the 15th century to the present, the museum provides educational opportunities for both children and adults. Its programs, which include major traveling exhibitions, visual and performing arts, interpretive events, and educational programs, contribute to the enrichment of the community in Owensboro and surrounding areas. The museum actively supports the visual arts in the region, fulfilling its mission to operate and maintain an art museum that serves as a hub for artistic expression and appreciation.
This information is meant to be a general summary of Owensboro Museum Of Fine Art 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 2022.
- Program Service Revenue: $5,516
- Gross Receipts: $503,553
Assets and Liabilities:
- Total Assets: $5,733,557
- Total Liabilities: $174,202
- Net Assets: $5,559,355
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WORKSHOPS & TOURS
Revenue
$5,516
Organization Details
Founding Year
1976
Phone
(270) 685-3181Principal Officer
Mary Bryan Hood
Main Address
901 FREDERICA STREET, OWENSBORO, KY, 42301
Website
www.omfa.usNTEE Category
Code: A510 - Arts
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