Overview
What is Association Of African America Museums (Aaam)?
The Association of African American Museums (Aaam) is a distinguished nonprofit organization that plays a significant role in the museum community. They are renowned for hosting an annual conference, attracting over 200 museum professionals. This event serves as a platform for knowledge sharing and networking within the field. Moreover, Aaam functions as a member institution, offering a variety of programs that cater to diverse interests.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning it a Two-Star out of Four Star rating. This rating reflects the organization's overall performance in accountability and finance, with a score of 71. The Association of African American Museums demonstrates strong governance, evidenced by having 100% independent board members and adequate documentation of board meeting minutes.
The organization has a solid program expense ratio of 79.20%, indicating that a significant portion of its expenses is allocated directly to its mission-related activities. Additionally, the absence of material diversion of assets and a low liabilities to assets ratio of 2.76% showcase its financial stability and responsible management of resources.
However, while the organization scores well in several areas, the two-star rating suggests that there may be room for improvement in overall financial health or transparency. Continued efforts in enhancing these aspects could further strengthen its credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Association Of African America Museums (Aaam) legitimate?
Association Of African America Museums (Aaam) is a legitimate nonprofit organization registered as a 501(c)(3) entity. Association Of African America Museums (Aaam) 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: $161,154
Professional Fundraising Fees: $0
Other Salaries and Wages: $59,922
For more financial information, click here
What is the mission statement of Association Of African America Museums (Aaam)?
The Association of African American Museums (Aaam) annually convenes over 200 museum professionals through a conference, and serves as a member institution. Its mission, in essence, revolves around organizing this annual event and providing a platform for diverse museum programs. While the provided information does not explicitly state a mission statement in detail, it can be inferred that Aaam aims to foster a collaborative environment among museum professionals, promoting the exchange of ideas and the advancement of African American museums.
Who is the CEO of Association Of African America Museums (Aaam)?
Vedet Coleman-Robinson is the Executive Dir of Association Of African America Museums (Aaam).
What is the revenue of Association Of African America Museums (Aaam)?
Association Of African America Museums (Aaam)'s revenue in 2022 was $662,828.
Who are the executives of Association Of African America Museums (Aaam) and what are their salaries?
The average compensation at Association Of African America Museums (Aaam) during 2022 was $73,692. There are 3 employees at Association Of African America Museums (Aaam).
Here are 9 key members and their salaries:
- Compensation: $161,154
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Where can I find the form 990 for Association Of African America Museums (Aaam)?
Association Of African America Museums (Aaam)'s most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Association Of African America Museums (Aaam)
The Association of African American Museums (Aaam) plays a significant role in the museum sector by hosting an annual conference, attracting over 200 museum professionals. This event serves as a platform for knowledge sharing and networking within the industry. Beyond the annual conference, Aaam also functions as a member institution, offering a variety of programs that cater to the diverse needs of the museum community. The mission of this nonprofit organization is to bring together and support museum professionals who are dedicated to preserving and promoting African American history and culture. By providing a space for collaboration, education, and the exchange of ideas, Aaam contributes to the enrichment of the museum industry as a whole.
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Impact
July, 2024
The Association of African American Museums (AAAM) plays a significant role in the cultural landscape by hosting an annual conference for over 200 museum professionals. This event serves as a platform for networking, knowledge sharing, and collaboration within the museum industry. As a member institution, AAAM also offers diverse programs that highlight African American history and contributions, enriching the cultural experiences of visitors and promoting inclusivity in the arts. Through its activities, AAAM contributes to the preservation and promotion of African American heritage, fostering a deeper understanding and appreciation of the community's cultural richness.
This information is meant to be a general summary of Association Of African America Museums (Aaam). 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: $413,585
- Gross Receipts: $662,828
Assets and Liabilities:
- Total Assets: $1,235,355
- Total Liabilities: $34,132
- Net Assets: $1,201,223
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCE REVENUE
Revenue
$413,585
Organization Details
Founding Year
1998
Principal Officer
Vedet Coleman-Robinson
Main Address
PO BOX 23698, WASHINGTON, DC, 20026
NTEE Category
Code: A50 - Arts
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