Overview
What is Midwest Museum Of American Art Foundation Inc?
The Midwest Museum of American Art Foundation, situated in an unspecified location, is a dedicated nonprofit organization committed to fostering art education and promotion. They collaborate with Elkhart Community High Schools to stage an annual Youth Art exhibition, providing a platform for junior and senior students to display their works, thereby inspiring skill enhancement. The foundation also hosts an annual competition titled the Elkhart Regional Juried Exhibition, which encourages artistic excellence among living regional artists. By undertaking these initiatives, the Midwest Museum of American Art Foundation aims to promote the arts and contribute to the artistic growth of its community.
Official website here: www.midwestmuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
The Midwest Museum Of American Art Foundation Inc has received a Three-Star rating from Charity Navigator, reflecting a score of 77%. This rating is derived entirely from a single beacon, emphasizing the organization's accountability and finance practices. The most recent evaluation was based on the fiscal year 2022, indicating a solid framework for financial management.
Strengths of the organization include a fully independent board, with all eight members lacking any conflicts of interest. The museum also demonstrates strong financial health, reporting no liabilities to assets and a high program expense ratio of 85.21%, which suggests that a significant portion of its expenses is directed towards its mission-driven activities. Additionally, the museum maintains transparency with its documentation and policies, evident from its proper listing of documents on tax forms and thorough retention policies.
However, while the museum shows strengths in governance and financial accountability, the overall score is limited to just one beacon, which may not provide a comprehensive view of its overall performance. As such, potential donors and stakeholders may want to consider other factors, such as program effectiveness and community impact, alongside the financial metrics highlighted in the rating.
This AI summary has been generated from information found on Charity Navigator.
Is Midwest Museum Of American Art Foundation Inc legitimate?
Midwest Museum Of American Art Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midwest Museum Of American Art 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $98,118
For more financial information, click here
Official website here: www.midwestmuseum.org
What is the mission statement of Midwest Museum Of American Art Foundation Inc?
The Midwest Museum of American Art Foundation has a mission to foster education and artistic development. One of their initiatives is organizing a Youth Art exhibition in partnership with Elkhart Community High Schools, which serves as a platform for showcasing the artistic talents of high school juniors and seniors, encouraging skill improvement. Additionally, the foundation hosts an annual competition called the Elkhart Regional Juried Exhibition, aimed at recognizing and promoting excellence in the works of local artists. This event encourages artists in the region to continually refine their craft and strive for artistic excellence.
Official website here: www.midwestmuseum.org
Who is the CEO of Midwest Museum Of American Art Foundation Inc?
Dr Richard D Burns Jr is the Trustee of Midwest Museum Of American Art Foundation Inc.
Official website here: www.midwestmuseum.org
What is the revenue of Midwest Museum Of American Art Foundation Inc?
Midwest Museum Of American Art Foundation Inc's revenue in 2022 was $1,066,932.
Official website here: www.midwestmuseum.org
Who are the executives of Midwest Museum Of American Art Foundation Inc and what are their salaries?
The average compensation at Midwest Museum Of American Art Foundation Inc during 2022 was $49,059. There are 2 employees and 10 volunteers at Midwest Museum Of American Art Foundation Inc.
Here are 5 key members and their salaries:
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Official website here: www.midwestmuseum.org
Where can I find the form 990 for Midwest Museum Of American Art Foundation Inc?
Midwest Museum Of American Art Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.midwestmuseum.org
Learn more at the official website: www.midwestmuseum.org
Mission Statement of Midwest Museum Of American Art Foundation Inc
The Midwest Museum of American Art Foundation is committed to advancing education and the arts. One of its key initiatives is organizing a Youth Art exhibition in collaboration with Elkhart Community High Schools, showcasing the creative works of junior and senior students. This event serves as a platform for skill improvement and recognition. Additionally, the foundation hosts an annual competition called the Elkhart Regional Juried Exhibition, which encourages local artists to excel in their craft. This event highlights the talent and creativity of regional artists, promoting excellence in the arts community.
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Impact
October, 2024
The Midwest Museum of American Art Foundation Inc significantly impacts the community by prioritizing education and the promotion of the arts. It provides a platform for young artists through its Youth Art exhibition, collaborating with Elkhart Community High Schools to feature the creative talents of juniors and seniors. This initiative not only showcases their artwork but also inspires skill improvement and fosters a passion for artistic expression.
Additionally, the foundation hosts the Elkhart Regional Juried Exhibition, which recognizes and encourages regional artists by celebrating excellence in their work. This annual competition enhances the visibility of local talent and enriches the cultural landscape of Elkhart. Through these programs, the foundation cultivates an appreciation for the arts and contributes to the artistic development of both youth and established artists in the region.
This information is meant to be a general summary of Midwest Museum Of American Art 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 2022.
- Investment Income: $13,685
- Program Service Revenue: $61,713
- Gross Receipts: $1,068,974
Assets and Liabilities:
- Total Assets: $10,871,444
- Total Liabilities: $677
- Net Assets: $10,870,767
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELKHART REGIONAL EXHIBITION
Revenue
$37,934
ADMISSIONS
Revenue
$14,091
ARTIST ATTIC
Revenue
$5,548
YAM
Revenue
$4,140
Organization Details
Founding Year
1978
Phone
(574) 293-6660Principal Officer
Dr Richard D Burns Jr
Main Address
429 SOUTH MAIN, ELKHART, IN, 46516
Website
www.midwestmuseum.orgNTEE Category
Code: A510 - Arts
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