Overview
What is North Dakota Museum Of Art Foundation?
The North Dakota Museum of Art Foundation is a charitable organization based in Grand Forks, North Dakota. Its primary focus is to uphold and foster the appreciation of arts within the community. To achieve this goal, the foundation manages investments in the form of endowments and restricted funds, which are subsequently utilized to aid the North Dakota Museum of Art. In the fiscal year ending June 30, 2023, the foundation disbursed a total of $362,743 to the museum to support its mission. The North Dakota Museum of Art, in turn, utilizes these funds to promote and educate the public about art.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The North Dakota Museum of Art Foundation has achieved an 80% rating from Charity Navigator, indicating a solid level of accountability and financial health. This rating is entirely based on the Accountability & Finance score, which reflects the organization's commitment to transparency and responsible financial practices. The high score demonstrates that the foundation has no material diversion of assets and maintains a low liabilities to assets ratio.
Strengths of the organization include a fully independent board, with all 10 members meeting independence standards, and effective governance practices such as documented board meeting minutes. The foundation also exhibits a commendable program expense ratio of 97.52%, signifying that a significant majority of its expenditures are allocated to programs rather than administrative costs.
However, while the foundation scores well in its accountability metrics, there may be areas for improvement in the breadth of its financial reporting and outreach efforts to ensure continued donor trust and engagement. Overall, the North Dakota Museum of Art Foundation demonstrates strong financial health and governance practices, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is North Dakota Museum Of Art Foundation legitimate?
North Dakota Museum Of Art Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Dakota Museum Of Art 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: $0
For more financial information, click here
What is the mission statement of North Dakota Museum Of Art Foundation?
The North Dakota Museum of Art Foundation's mission is centered around promoting and educating the arts. They achieve this by providing financial support to the North Dakota Museum of Art, which in turn fosters an appreciation for the arts in its regional community. The foundation manages investments as both endowments and restricted funds, with distributions made to the museum to aid in its mission. In fiscal year 2023, ending on June 30, the foundation provided the museum with a total of $362,743 to support its initiatives.
Who is the CEO of North Dakota Museum Of Art Foundation?
Matt Wallace is the President of North Dakota Museum Of Art Foundation.
What is the revenue of North Dakota Museum Of Art Foundation?
North Dakota Museum Of Art Foundation's revenue in 2023 was $102,894.
Who are the executives of North Dakota Museum Of Art Foundation and what are their salaries?
There 2 volunteers at North Dakota Museum Of Art Foundation.
Here are 6 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
Where can I find the form 990 for North Dakota Museum Of Art Foundation?
North Dakota Museum Of Art Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of North Dakota Museum Of Art Foundation
The North Dakota Museum of Art Foundation is dedicated to the promotion and education of the arts. It achieves this mission by providing support to the North Dakota Museum of Art, an institution that fosters an appreciation for the arts in the region. The foundation manages investments as both endowments and restricted funds, which are distributed to the museum to further its goals. In fiscal year 2023, the foundation made contributions totaling $362,743 to the museum, supporting its mission. The foundation's role is instrumental in nurturing the arts community by providing financial backing and enabling the museum to carry out its mission effectively.
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 North Dakota Museum of Art Foundation significantly enhances the appreciation and promotion of the arts in the region through its dedicated support of the North Dakota Museum of Art. By managing investments as both endowments and restricted funds, the foundation provides crucial financial resources that directly benefit the museum's mission. In the fiscal year ending June 30, 2023, the foundation distributed $362,743 to the museum, empowering it to host exhibitions, educational programs, and community initiatives that foster a deep engagement with the arts. Its impact is evident in the enrichment of cultural experiences available to the community in Grand Forks and beyond, solidifying the foundation’s role as a vital catalyst for artistic expression and education in North Dakota.
This information is meant to be a general summary of North Dakota Museum Of Art 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 2023.
- Investment Income: $72,894
- Gross Receipts: $213,318
Assets and Liabilities:
- Total Assets: $2,105,713
- Total Liabilities: $0
- Net Assets: $2,105,713
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1998
Phone
(701) 777-4195Principal Officer
Matt Wallace
Main Address
PO BOX 7305, GRAND FORKS, ND, 582027305
NTEE Category
Code: A110 - Arts
If you are a representative of North Dakota Museum Of Art 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.