Overview
What is Richmond Art Museum?
The Richmond Art Museum, located in Richmond, Indiana, serves as a cultural hub. Its primary objective is to foster an appreciation for art. By carrying out this mission, the museum actively promotes the love for art within the community. The precise nature of their activities revolves around cultivating a culture of art appreciation, although further specifics regarding their programs and initiatives were not provided in the information.
Official website here: www.richmondartmuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
The Richmond Art Museum has received a solid Three-Star rating from Charity Navigator, reflecting a commendable score of 88%. This rating emphasizes the organization’s strong emphasis on accountability and financial health, with all evaluation criteria contributing to this single beacon score. The museum demonstrates a strong commitment to transparency, as evidenced by its independent board, effective financial oversight, and the absence of any material diversion of assets.
Key strengths include a fully independent board with 19 members, ensuring that governance is free from outside influence. The organization effectively utilizes its resources, with a program expense ratio of 70.59%, indicating that a significant portion of its budget is directed toward its mission-related activities. The presence of essential policies, such as conflict of interest and documented board meeting minutes, further underscores its commitment to responsible management.
However, there are some areas for improvement, notably the absence of a whistleblower policy and a document retention and destruction policy. These missing elements highlight aspects of governance that could enhance the museum's operational integrity and risk management practices. Overall, while the Richmond Art Museum demonstrates strong financial accountability, addressing these gaps would strengthen its governance framework even further.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Richmond Art Museum?
86% of 51 reviewers on Facebook recommend the Richmond Art Museum. Here is a summary of their reviews:
Many patrons express enthusiasm for the Richmond Art Museum, highlighting its extensive art collection and various classes suitable for all age groups. The museum also hosts enjoyable special events, fostering a vibrant atmosphere for both art lovers and the local community. The ongoing support for regional artists from the staff and board has been positively noted, emphasizing the museum's role as a cultural hub in Wayne County.
Visitors appreciate the newly renovated galleries, which enhance their overall experience. Overall, those who recommend the museum feel it offers valuable resources and engaging opportunities for both locals and visitors alike.
This AI summary has been generated from reviews found on Facebook.
Is Richmond Art Museum legitimate?
Richmond Art Museum is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richmond Art Museum 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: $105,342
Professional Fundraising Fees: $0
Other Salaries and Wages: $67,638
For more financial information, click here
Official website here: www.richmondartmuseum.org
What is the mission statement of Richmond Art Museum?
The Richmond Art Museum, as a cultural institution, is devoted to fostering an appreciation and understanding of art. Its mission is centered around promoting the culture of art, encouraging individuals to engage with and value artistic expressions. Through various means, the museum strives to enhance the public's perception and appreciation of art.
Official website here: www.richmondartmuseum.org
Who is the CEO of Richmond Art Museum?
Shaun Dingwerth is the Director of Richmond Art Museum.
Official website here: www.richmondartmuseum.org
What is the revenue of Richmond Art Museum?
Richmond Art Museum's revenue in 2022 was $637,267.
Official website here: www.richmondartmuseum.org
Who are the executives of Richmond Art Museum and what are their salaries?
The average compensation at Richmond Art Museum during 2022 was $34,596. There are 5 employees and 74 volunteers at Richmond Art Museum.
Here are 21 key members and their salaries:
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Official website here: www.richmondartmuseum.org
Where can I find the form 990 for Richmond Art Museum?
Richmond Art Museum's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.richmondartmuseum.org
Learn more at the official website: www.richmondartmuseum.org
Mission Statement of Richmond Art Museum
The Richmond Art Museum, as a nonprofit institution, is dedicated to fostering an appreciation and culture of art. Its primary objective is to promote the value and beauty of art, encouraging individuals to engage with and understand various artistic expressions. By fulfilling this mission, the museum seeks to enrich the lives of the community and inspire a deeper connection with the artistic world.
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Impact
July, 2024
Richmond Art Museum's impact lies in its promotion of art culture and appreciation within the community of Richmond, Indiana. Through its exhibitions, educational programs, and events, the museum serves as a hub for artistic expression and creativity, inspiring individuals to engage with and explore the world of art. Its mission to promote art culture and appreciation not only enriches the local cultural scene but also fosters a deeper understanding and appreciation of the arts among its visitors and residents.
This information is meant to be a general summary of Richmond Art Museum. 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: $131,953
- Program Service Revenue: $221,208
- Gross Receipts: $887,056
Assets and Liabilities:
- Total Assets: $2,596,518
- Total Liabilities: $3,510
- Net Assets: $2,593,008
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EXHIBITS
Revenue
$198,058
CLASS FEES
Revenue
$11,013
ENTRY FEES
Revenue
$7,420
CATALOG AND BOOKS
Revenue
$4,717
Organization Details
Founding Year
1898
Phone
(765) 966-0256Principal Officer
Shaun Dingwerth
Main Address
350 HUB ETCHISON PARKWAY, RICHMOND, IN, 47374
Website
www.richmondartmuseum.orgNTEE Category
Code: A510 - Arts
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