Overview
What is The Edison Institute Inc?
The Edison Institute Inc, also known as The Henry Ford, is a Michigan-based nonprofit organization located at 20901 Oakwood Boulevard, Dearborn. With a team of 1,551 employees, they focus on educating the public about American history through the collection, preservation, and interpretation of approximately 1.3 million three-dimensional objects and an archive and library collection of about 25 million items. Their mission is to inspire learning from America's traditions of ingenuity, resourcefulness, and innovation. They offer unique educational experiences to approximately 1.5 million guests annually.
Official website here: www.thehenryford.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star rating)
The Edison Institute Inc has earned a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance, alongside exceptional leadership and adaptability. The organization’s overall score reflects a strong emphasis on financial responsibility, with an impressive program expense ratio of 81.20%, showcasing effective allocation of resources towards its mission.
Strengths of the Edison Institute include a perfect score in leadership and adaptability, suggesting that the organization is well-managed and capable of navigating changes effectively. The board structure is notable, with a substantial number of independent members, and the organization has implemented robust oversight mechanisms, including an audit committee and various policy listings that contribute to transparency and ethical governance.
However, the organization falls slightly short in the proportion of independent board members, with only 43% meeting this criterion. While this does not critically undermine its operations, it could be an area for improvement to enhance governance practices. Overall, the Edison Institute demonstrates a strong commitment to accountability while also showing readiness to adapt to external challenges.
This AI summary has been generated from information found on Charity Navigator.
Is The Edison Institute Inc legitimate?
The Edison Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Edison Institute 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: $1,382,234
Professional Fundraising Fees: $80,419
Other Salaries and Wages: $36,281,822
For more financial information, click here
Official website here: www.thehenryford.org
What is the mission statement of The Edison Institute Inc?
The Henry Ford, also known as The Edison Institute Inc, is dedicated to providing unique educational experiences inspired by America's traditions of ingenuity, resourcefulness, and innovation. Through the preservation and interpretation of authentic objects, stories, and lives from American history, the institution aims to inspire others to learn and help shape a better future. The Henry Ford boasts a collection of approximately one million three-dimensional objects, a vast archive and library collection of about twenty-five million items, and attracts approximately 1.5 million guests annually to engage in these educational experiences.
Official website here: www.thehenryford.org
What is the revenue of The Edison Institute Inc?
The Edison Institute Inc's revenue in 2023 was $81,867,725.
Official website here: www.thehenryford.org
Who are the executives of The Edison Institute Inc and what are their salaries?
The average compensation at The Edison Institute Inc during 2023 was $22,841. There are 1649 employees and 383 volunteers at The Edison Institute Inc.
Here are 30 key members and their salaries:
- Compensation: $748,523
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- Other: $32,244
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- Other: $39,820
- Compensation: $262,601
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- Other: $17,307
- Compensation: $228,879
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- Other: $19,156
- Compensation: $199,648
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- Other: $44,354
- Compensation: $191,520
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Official website here: www.thehenryford.org
Where can I find the form 990 for The Edison Institute Inc?
The Edison Institute Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thehenryford.org
Learn more at the official website: www.thehenryford.org
Mission Statement of The Edison Institute Inc
The Henry Ford, also known as The Edison Institute Inc, is a renowned institution dedicated to providing distinctive educational experiences inspired by authentic American stories, objects, and traditions. Its primary objective is to inspire individuals to learn from these traditions, shaping a brighter future for all.
With a vast collection comprising around one million three-dimensional objects, an archive, and a library collection of roughly twenty-five million items, The Henry Ford offers a unique platform for exploring the rich history of America. Each year, it welcomes approximately 1.5 million guests to engage with these collections, immersing them in the country's ingenuity, resourcefulness, and innovation.
By preserving and interpreting American history, The Henry Ford provides a valuable resource for the broad public audience, igniting curiosity and knowledge. The institution's educational experiences are based on these authentic objects and stories, fostering an appreciation for the past and its influence on the present.
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Impact
October, 2024
The Edison Institute Inc has a significant impact by providing immersive educational experiences rooted in American history. With a vast collection of approximately one million three-dimensional objects and an extensive archive and library of about twenty-five million items, it engages around 1.5 million guests annually. Visitors are inspired to explore the traditions of ingenuity, resourcefulness, and innovation that have shaped the nation.
By interpreting and preserving key artifacts and stories, the organization offers a unique lens through which people can learn from the past. Its activities not only celebrate historical achievements but also encourage reflection and creativity that can influence positive change for the future. Through its commitment to education, The Edison Institute fosters a deeper understanding of America's cultural heritage, empowering individuals and communities to harness this knowledge as a foundation for future advancements.
This information is meant to be a general summary of The Edison Institute 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 2023.
- Investment Income: $1,167,255
- Program Service Revenue: $34,208,286
- Gross Receipts: $95,071,891
Assets and Liabilities:
- Total Assets: $529,837,527
- Total Liabilities: $52,391,325
- Net Assets: $477,446,202
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$19,188,823
MEMBERSHIP DUES
Revenue
$8,976,961
AUXILIARY
Revenue
$3,207,322
ROUGE FACTORY TOUR
Revenue
$2,582,090
CONFERENCE REGISTRATIONS
Revenue
$253,090
Organization Details
Founding Year
1929
Principal Officer
Patricia Mooradian
Website
www.thehenryford.orgNTEE Category
Code: A540 - Arts
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