Overview
What is Marconi Foundation For Kids?
The Marconi Foundation For Kids, based in Tustin, California, is a nonprofit organization with a focus on two main activities. Firstly, it operates a museum, the Marconi Automotive Museum, showcasing historical cars and related memorabilia and art. This museum is open to the public, with free admission suggested at $5. Secondly, the foundation is committed to serving underprivileged children, although the specifics of this endeavor are not elaborated in the provided information. The foundation hosts events for various exempt organizations and automotive history enthusiasts, contributing to the community in both cultural and social aspects.
Official website here: www.marconimuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars, Needs Improvement
The Marconi Foundation For Kids has received a two-star rating from Charity Navigator, indicating a need for improvement, with an overall score of 71%. The organization demonstrates strong accountability and finance practices, notably maintaining a high percentage of independent board members and effectively managing its assets without material diversion. Additionally, it allocates a significant portion of its expenses, approximately 83.79%, directly towards its programs.
However, there are notable weaknesses in the foundation's governance practices. The absence of a whistleblower policy and a document retention and destruction policy raises concerns about transparency and accountability. Furthermore, the lack of documented board meeting minutes suggests potential gaps in organizational oversight and record-keeping.
While the Marconi Foundation For Kids appears to effectively utilize its funds towards its mission, improvements in governance policies and documentation practices are necessary to enhance its overall accountability and reliability as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Marconi Foundation For Kids legitimate?
Marconi Foundation For Kids is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marconi Foundation For Kids 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: $74,992
Professional Fundraising Fees: $0
Other Salaries and Wages: $148,626
For more financial information, click here
Official website here: www.marconimuseum.org
What is the mission statement of Marconi Foundation For Kids?
The Marconi Foundation For Kids operates a museum, showcasing historical cars and related memorabilia and art, with a primary focus on serving underprivileged children. The foundation's mission is multifaceted, involving the operation of this museum as a public attraction and utilizing it to aid underprivileged children. The museum, known as the Marconi Automotive Museum, welcomes visitors for self-guided tours, with admission offered on a suggested donation basis. The foundation also hosts events for various organizations and groups interested in automotive history, furthering its mission of promoting historical automobiles while aiding underprivileged children.
Official website here: www.marconimuseum.org
Who is the CEO of Marconi Foundation For Kids?
Monique Marconi is the President & Ceo of Marconi Foundation For Kids. The CEO's salary of Marconi Foundation For Kids is $74,992 and their total compensation is $74,992.
Official website here: www.marconimuseum.org
What is the revenue of Marconi Foundation For Kids?
Marconi Foundation For Kids's revenue in 2022 was $511,337.
Official website here: www.marconimuseum.org
Who are the executives of Marconi Foundation For Kids and what are their salaries?
The average compensation at Marconi Foundation For Kids during 2022 was $20,329. There are 11 employees at Marconi Foundation For Kids.
Here are 9 key members and their salaries (Marconi Foundation For Kids's CEO's salary is $74,992 and their total compensation is $74,992):
- Compensation: $74,992
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.marconimuseum.org
Where can I find the form 990 for Marconi Foundation For Kids?
Marconi Foundation For Kids's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.marconimuseum.org
Learn more at the official website: www.marconimuseum.org
Mission Statement of Marconi Foundation For Kids
The Marconi Foundation for Kids, a distinguished organization, is dedicated to serving a dual purpose. Its primary mission involves operating a museum, showcasing historical cars and related memorabilia and art, for public appreciation. Beyond this, the foundation extends its reach to underprivileged children, providing them with opportunities and experiences. The museum, known as the Marconi Automotive Museum, is open to the public, encouraging self-guided tours, and operates from Monday to Friday, from 9 a.m. to 4:30 p.m., with a suggested donation of $5. The foundation also hosts events for various exempt organizations and automotive history enthusiasts. The Marconi Foundation for Kids, through its museum and other initiatives, contributes to preserving automotive history and enriching the lives of underprivileged children.
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Impact
July, 2024
The Marconi Foundation For Kids positively impacts underprivileged children by providing them with educational opportunities and experiences through their classic car museum. The foundation's operation of the museum allows these children to learn about historical cars and related memorabilia in a unique and engaging way. Additionally, the museum hosts events for other exempt organizations, further expanding its reach and impact within the community. By combining a love for automotive history with a mission to serve those in need, the Marconi Foundation For Kids is making a difference in the lives of underprivileged children in Tustin, CA.
This information is meant to be a general summary of Marconi Foundation For Kids. 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: $2,837
- Program Service Revenue: $41,886
- Gross Receipts: $985,422
Assets and Liabilities:
- Total Assets: $11,310,076
- Total Liabilities: $99,527
- Net Assets: $11,210,549
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Educational Event Host
Revenue
$31,646
Souvenir Sales
Revenue
$10,240
Organization Details
Founding Year
1994
Phone
(714) 258-3001Principal Officer
Monique Marconi
Main Address
1302 Industrial Drive, Tustin, CA, 92680
Website
www.marconimuseum.orgNTEE Category
Code: P120 - Human services
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