Overview
What is Museum Of Latin American Art?
The Museum of Latin American Art, situated in Long Beach, California, serves as a platform to showcase and celebrate contemporary and modern art originating from Latin America. This nonprofit organization, home to 54 employees, fulfills its mission by expanding the understanding and appreciation of this art form through captivating exhibitions, stimulating educational programs, and engaging cultural events. The museum offers art classes, provides tours, sponsors group tours to other local museums, and hosts lectures on art exhibitions. In the year 2022, the museum welcomed 39,189 visitors, marking its first full year of operation post-COVID.
Official website here: www.molaa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98%
The Museum of Latin American Art holds an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting strong accountability and financial health. With a high score of 98 in accountability and finance, the organization demonstrates effective governance, including a fully independent board and rigorous oversight of its financial practices. The museum’s commitment to transparency is evident through its adherence to various policies, such as conflict of interest and whistleblower protections, ensuring ethical operations.
In terms of financial management, the organization showcases a low liabilities to assets ratio of 0.98%, which indicates solid financial stability. Additionally, a program expense ratio of 63.21% suggests that a significant portion of its budget is allocated directly to its programs, supporting its mission effectively. The fundraising efficiency ratio of $0.12 also highlights the museum's capability to raise funds with minimal expense, maximizing the impact of donations received.
While the museum demonstrates strong financial stewardship, continued attention to program efficiency and the sustainability of funding sources will be important for future growth. Overall, the Museum of Latin American Art is positioned well to continue fulfilling its mission, enhancing the understanding and appreciation of Latin American art.
This AI summary has been generated from information found on Charity Navigator.
Is Museum Of Latin American Art legitimate?
Museum Of Latin American Art is a legitimate nonprofit organization registered as a 501(c)(3) entity. Museum Of Latin American Art 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: $644,504
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,744,664
For more financial information, click here
Official website here: www.molaa.org
What is the mission statement of Museum Of Latin American Art?
The Museum of Latin American Art's mission is to broaden the understanding and appreciation of modern and contemporary Latin American art. They achieve this through their extensive collection, thought-provoking exhibitions, stimulating educational programs, and engaging cultural events. The corporation's specific objective is to expand knowledge and appreciation of Latin American contemporary art created since World War II, operate a museum, collect and display such art, and provide education and research services regarding this art form.
Official website here: www.molaa.org
Who is the CEO of Museum Of Latin American Art?
Dr Lourdes Ramos-Rivas is the Director of Museum Of Latin American Art. The CEO's salary of Museum Of Latin American Art is $300,000 and their total compensation is $334,050.
Official website here: www.molaa.org
What is the revenue of Museum Of Latin American Art?
Museum Of Latin American Art's revenue in 2022 was $5,556,052.
Official website here: www.molaa.org
Who are the executives of Museum Of Latin American Art and what are their salaries?
The average compensation at Museum Of Latin American Art during 2022 was $44,244. There are 54 employees at Museum Of Latin American Art.
Here are 16 key members and their salaries (Museum Of Latin American Art's CEO's salary is $300,000 and their total compensation is $334,050):
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- Compensation: $139,100
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- Compensation: $300,000
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- Other: $34,050
- Compensation: $145,000
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- Other: $26,353
Official website here: www.molaa.org
Where can I find the form 990 for Museum Of Latin American Art?
Museum Of Latin American Art's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.molaa.org
Learn more at the official website: www.molaa.org
Mission Statement of Museum Of Latin American Art
The Museum of Latin American Art, with a focus on modern and contemporary Latin American art, aims to broaden the understanding and appreciation of this artistic genre. The institution fulfills its mission by curating groundbreaking exhibitions, offering stimulating educational programs, and hosting engaging cultural events. The museum's primary objective is to collect and display contemporary Latin American art, while also providing research and educational services related to this art form. By doing so, the Museum of Latin American Art serves as a vital platform for showcasing and preserving the rich artistic heritage of Latin America.
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Impact
October, 2024
The Museum of Latin American Art plays a vital role in expanding knowledge and appreciation for modern and contemporary Latin American and Latino art. Through its diverse collection and ground-breaking exhibitions, the museum illuminates the contributions of artists from Latin America, fostering a deeper understanding of their impact on the global art scene.
In addition to showcasing artworks, the museum offers educational programs, art classes, and engaging cultural events that connect the community with the richness of Latin American culture. By hosting tours and lectures, it promotes dialogue and learning about the diverse narratives woven into the fabric of Latin American art.
In its first full year open to the public post-COVID, the museum welcomed 39,189 visitors in 2022, demonstrating its significant draw and relevance in the community. Overall, the Museum of Latin American Art serves as an essential hub for cultural exchange and education, enriching Long Beach’s artistic landscape while celebrating the vibrant heritage of Latin American artists.
This information is meant to be a general summary of Museum Of Latin American Art. 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: $286,658
- Program Service Revenue: $365,751
- Gross Receipts: $8,759,483
Assets and Liabilities:
- Total Assets: $41,218,300
- Total Liabilities: $406,691
- Net Assets: $40,811,609
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EXHIBITION REVENUE
Revenue
$202,092
ADMISSIONS
Revenue
$94,766
EDUCATION REVENUE
Revenue
$68,893
Organization Details
Founding Year
1999
Phone
(562) 437-1689Principal Officer
Dr Lourdes Ramos-Rivas
Main Address
628 ALAMITOS AVENUE, LONG BEACH, CA, 90802
Website
www.molaa.orgNTEE Category
Code: A500 - Arts
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