Overview
What is Libbey F S Endowment Fund Endw?
The Libbey F S Endowment Fund Endw is a philanthropic entity, specifically a trust, located in Brooklyn, Ohio. Its primary objective is to financially aid the Toledo Museum of Art, as stated in its mission. This support is divided into two main areas. Half of the funds are allocated for the acquisition of artworks, such as paintings, statues, furniture, and other artistic pieces. The remaining half is dedicated to addressing the museum's operational needs, encompassing various corporate services. The trust's purpose is to enhance the Toledo Museum of Art's collection and overall functioning.
Is Libbey F S Endowment Fund Endw legitimate?
Libbey F S Endowment Fund Endw is a legitimate nonprofit organization registered as a 501(c)(3) entity. Libbey F S Endowment Fund Endw 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: $1,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Libbey F S Endowment Fund Endw?
The Libbey F S Endowment Fund Endowment aims to support the Toledo Museum of Art, allocating half of its resources towards the acquisition of artworks such as paintings, statues, furniture, and other art pieces. The remaining half is dedicated to meeting the museum's various corporate service needs. The grants provided by the endowment should be utilized in accordance with the primary exempt purpose of the trust.
Who is the CEO of Libbey F S Endowment Fund Endw?
Dennis Johnson is the Trustee of Libbey F S Endowment Fund Endw. The CEO's salary of Libbey F S Endowment Fund Endw is $0 and their total compensation is $0.
What is the revenue of Libbey F S Endowment Fund Endw?
Libbey F S Endowment Fund Endw's revenue in 2022 was $984,692.
Who are the executives of Libbey F S Endowment Fund Endw and what are their salaries?
Here are 5 key members and their salaries (Libbey F S Endowment Fund Endw's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Libbey F S Endowment Fund Endw?
Libbey F S Endowment Fund Endw's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Libbey F S Endowment Fund Endw
The Libbey F S Endowment Fund Endowment, in its mission, supports the Toledo Museum of Art. This support is divided into two parts. Half of the funds are allocated towards the acquisition of various artistic pieces, including paintings, statues, furniture, and other works of art. The remaining half is dedicated to addressing the corporate service needs of the museum. Grants distributed from this endowment fund should be utilized in accordance with the primary exempt purpose of the trust. This means that the Toledo Museum of Art can use the funds to further its mission of preserving, promoting, and presenting art and artistic expression. The Libbey F S Endowment Fund Endowment plays a crucial role in enriching the museum's collection and ensuring its operational needs are met.
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Impact
October, 2024
The Libbey F S Endowment Fund significantly impacts the Toledo Museum of Art by providing essential financial support for the acquisition of art and other important assets. By allocating half of its resources to the purchase of paintings, sculptures, and furniture, the fund enhances the museum’s collection, enabling it to offer a richer cultural experience for visitors. The other half of the funding addresses the museum's corporate service needs, ensuring operational efficiency and the ability to serve its community effectively. This dual support strengthens the museum's role as a cultural cornerstone in Brooklyn, Ohio, fostering appreciation and access to the arts.
This information is meant to be a general summary of Libbey F S Endowment Fund Endw. 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: $983,331
- Gross Receipts: $2,077,476
Assets and Liabilities:
- Total Assets: $12,790,366
- Total Liabilities: $0
- Net Assets: $12,790,366
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Organization Details
Founding Year
1991
Phone
(419) 259-6197Principal Officer
Dennis Johnson
Main Address
4900 TIEDEMAN ROAD OH-01-49-0381, BROOKLYN, OH, 44144
NTEE Category
Code: A51Z - Arts
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