Overview
What is Balboa Island Museum And Historical Society?
The Balboa Island Museum and Historical Society is a nonprofit organization situated in Balboa Island, California, specifically at 210-B Marine Avenue. Their primary mission is to preserve the heritage and sense of community of Balboa Island. This includes establishing a museum, documenting the island's past and current development through historical literature, photos, memorabilia, and videos, and providing a space for islanders and visitors to share memories. They achieve this by publishing newsletters containing historical articles on museum activities and distributing them to donors, local residents, and interested parties via mail, email, and door-to-door delivery. The society's efforts aim to keep the rich history of Balboa Island alive and foster a sense of connection among its residents and visitors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0%
The Balboa Island Museum and Historical Society has received a 0% rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. This rating is a result of a lack of independent board members, missing critical policies such as conflict of interest and whistleblower protections, and the absence of essential documentation like meeting minutes and financial disclosures on its website.
Strengths in the organization include a noted absence of material diversion of assets, suggesting that funds are not being misappropriated. However, the overall low program expense ratio of 29.73% raises questions about the effective allocation of resources towards its mission. The liabilities to assets ratio of 111.03% indicates that the organization may be operating with more liabilities than assets, further complicating its financial health.
Overall, the museum's governance and transparency issues significantly overshadow its strengths. Potential donors and stakeholders should consider these limitations before engaging with or supporting the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Balboa Island Museum And Historical Society legitimate?
Balboa Island Museum And Historical Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. Balboa Island Museum And Historical Society 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: $170,496
For more financial information, click here
What is the mission statement of Balboa Island Museum And Historical Society?
The Balboa Island Museum and Historical Society's mission is centered around preserving the heritage and sense of community of Balboa Island. They achieve this by focusing on the establishment of a museum, meticulously documenting the past and present development of the island through historical literature, photographs, memorabilia, and videos. Furthermore, the society provides a platform for islanders and visitors to share their memories, serving as a gathering place for reminiscing. This is done through the publication of newsletters containing historical articles on museum activities, which are distributed to donors, local residents, and interested parties via mail, email, and door-to-door delivery.
Who is the CEO of Balboa Island Museum And Historical Society?
Paula Castanon is the President of Balboa Island Museum And Historical Society.
What is the revenue of Balboa Island Museum And Historical Society?
Balboa Island Museum And Historical Society's revenue in 2022 was $464,524.
Who are the executives of Balboa Island Museum And Historical Society and what are their salaries?
There 10 volunteers at Balboa Island Museum And Historical Society.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Balboa Island Museum And Historical Society?
Balboa Island Museum And Historical Society's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Balboa Island Museum And Historical Society
The Balboa Island Museum and Historical Society is committed to preserving the heritage and sense of community of Balboa Island. To achieve this, the organization focuses on three key areas. Firstly, it aims to establish a museum as a focal point, serving as a repository for historical literature, photographs, memorabilia, and videos that document the past and present development of the island. Secondly, the society works towards documenting the island's history thoroughly, ensuring that its evolution is accurately recorded and accessible to all. Lastly, it provides a venue where islanders and visitors can come together to share their memories and experiences, fostering a sense of community. Through these efforts, the Balboa Island Museum and Historical Society serves as a bridge between the past and present, ensuring that the rich history of the island is preserved for future generations.
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Impact
July, 2024
The Balboa Island Museum and Historical Society has made a significant impact by preserving Balboa Island's heritage and fostering a strong sense of community. Through the establishment of a museum and the documentation of the island's development through historical literature, photos, memorabilia, and videos, the organization ensures that the rich history of Balboa Island is not lost. By providing a space where islanders and visitors can gather to share memories, the society helps to strengthen the community bond and promote cultural appreciation. Their work in publishing newsletters with historical articles also contributes to raising awareness and interest in the island's heritage among donors, local residents, and other interested parties.
This information is meant to be a general summary of Balboa Island Museum And Historical Society. 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: $23
- Gross Receipts: $711,360
Assets and Liabilities:
- Total Assets: $733,498
- Total Liabilities: $614,971
- Net Assets: $118,527
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Organization Details
Founding Year
2000
Phone
(949) 675-3952Principal Officer
Paula Castanon
Main Address
210-B MARINE AVENUE, BALBOA ISLAND, CA, 92662
NTEE Category
Code: A54 - Arts
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