Overview
What is Studebaker National Museum Inc?
Studebaker National Museum Inc, located in South Bend, Indiana, serves as a hub for preserving and showcasing the history of the Studebaker Corporation and the industrial evolution of the region. With a vast collection of over 135 historic vehicles, including eight designated National Treasures, the museum also houses thousands of artifacts, archival materials, and educational objects. The facility boasts over 35,000 square feet of exhibition space and 10,000 square feet of storage space. The dedicated staff curate new displays, temporary exhibitions, and educational programming, providing context and relevance to their visitors. Annually, the museum welcomes over 40,000 guests through its doors and reaches millions more through digital platforms, committing to equitable access via programs like "Museums for All" and community-focused events. The museum's mission is to inspire and connect the community and enthusiasts worldwide through its interpretation of history, design, and innovation.
Official website here: www.studebakermuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star rating)
The Studebaker National Museum Inc has received a score of 89%, reflecting a solid performance in terms of accountability and finance. This rating is based solely on their accountability practices, where they excelled with a perfect score in board independence, financial oversight, and various governance policies. Their lack of material asset diversion and no loans to or from officers further underscores their operational integrity.
Despite the strong accountability metrics, the museum's program expense ratio stands at 57.02%, which indicates that a considerable portion of their funds is allocated elsewhere, suggesting an area for improvement in direct program funding. Additionally, they reported a fundraising efficiency ratio of $0.00, indicating that they may not have generated revenue through fundraising efforts, which could limit their financial sustainability in the long term.
Overall, while the Studebaker National Museum demonstrates a commendable commitment to financial transparency and governance, potential donors and stakeholders may wish to consider the implications of their program spending and fundraising strategies when assessing their overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Studebaker National Museum Inc legitimate?
Studebaker National Museum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Studebaker National Museum Inc 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: $100,402
Professional Fundraising Fees: $0
Other Salaries and Wages: $372,607
For more financial information, click here
Official website here: www.studebakermuseum.org
What is the mission statement of Studebaker National Museum Inc?
The Studebaker National Museum Inc serves as a center for interpreting history, design, and innovation, connecting and inspiring both the local community and global enthusiasts. This is achieved through various programming, active collecting, and the display of vehicles, archival materials, and artifacts that highlight the local and global influence of Studebaker and related industrial innovators. By doing so, the museum aims to foster a deeper understanding and appreciation of Studebaker's significant impact on various industries.
Official website here: www.studebakermuseum.org
Who is the CEO of Studebaker National Museum Inc?
Shane Stopczynski is the Executive Di of Studebaker National Museum Inc.
Official website here: www.studebakermuseum.org
What is the revenue of Studebaker National Museum Inc?
Studebaker National Museum Inc's revenue in 2022 was $1,347,021.
Official website here: www.studebakermuseum.org
Who are the executives of Studebaker National Museum Inc and what are their salaries?
The average compensation at Studebaker National Museum Inc during 2022 was $19,709. There are 24 employees and 37 volunteers at Studebaker National Museum Inc.
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Official website here: www.studebakermuseum.org
Where can I find the form 990 for Studebaker National Museum Inc?
Studebaker National Museum Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.studebakermuseum.org
Learn more at the official website: www.studebakermuseum.org
Mission Statement of Studebaker National Museum Inc
Studebaker National Museum Inc serves as a hub for the exploration of history, design, and innovation. Its mission is to engage and inspire both the local community and enthusiasts globally. This is achieved through a variety of means, including the organization of intriguing programs, the active acquisition of vehicles, archival materials, and artifacts, and the presentation of these items to showcase the significant influence of Studebaker and other industrial innovators, both locally and globally. The museum's goal is to connect with its audience on a deeper level, fostering a sense of appreciation and understanding for the historical and design impact of Studebaker and related industries.
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Impact
October, 2024
Studebaker National Museum Inc serves as a vibrant center for interpreting the rich history, design, and innovation associated with the Studebaker Corporation and the broader industrial narrative of the South Bend region. By preserving a diverse collection of 135 historic vehicles, along with over 6,000 artifacts and extensive archival materials, the museum provides a tangible connection to both local heritage and global industrial milestones.
Through dynamic programming and active exhibition, the museum engages over 40,000 visitors annually, offering educational resources that inspire enthusiasts and the community alike. Its commitment to outreach is evident through initiatives aimed at increasing equitable access, such as "Museums for All" and "Blue Star Museums," ensuring that diverse audiences can experience its world-class offerings.
The museum's role transcends mere exhibition; it fosters a sense of community while illuminating the enduring legacy of Studebaker and its contributions to history and innovation. By showcasing these vehicles and artifacts, it anchors conversations about design, engineering, and cultural heritage, reaching millions globally through digital programming and educational initiatives. In essence, the museum plays a crucial role in connecting past achievements to present inspirations, making industrial history relevant and accessible to all.
This information is meant to be a general summary of Studebaker National Museum Inc. 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: $4,996
- Program Service Revenue: $234,945
- Gross Receipts: $1,648,687
Assets and Liabilities:
- Total Assets: $2,473,776
- Total Liabilities: $205,466
- Net Assets: $2,268,310
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSION REVENUE
Revenue
$189,379
ARCHIVAL REVENUE
Revenue
$44,220
EDUCATION PROGRAM REVENUE
Revenue
$1,346
Organization Details
Founding Year
1982
Phone
(574) 235-9714Principal Officer
Shane Stopczynski
Main Address
201 SOUTH CHAPIN STREET, SOUTH BEND, IN, 46601
Website
www.studebakermuseum.orgNTEE Category
Code: A500 - Arts
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