Overview
What is R E Olds Transportation Museum Association Inc?
R.E. Olds Transportation Museum Association Inc, based in Lansing, Michigan, is a dedicated nonprofit organization with a focus on showcasing the development of transportation, particularly the automobile, and its impact on the community and its people. The association operates a museum, providing educational opportunities and public interest services, with an emphasis on Lansing's role in this history. The museum houses a collection of objects that illustrate the evolution of transportation, giving visitors an insight into the city's significant contributions. With a team of eight dedicated individuals, the museum ensures the preservation, study, and exhibition of these artifacts for the benefit of the public.
Official website here: www.reoldsmuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Stars)
The R E Olds Transportation Museum Association Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The score is primarily influenced by its performance in the Accountability & Finance beacon, where the organization excels in areas such as having a fully independent board and maintaining a low material diversion of assets.
However, the organization has several notable limitations. It lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are critical for maintaining transparency and governance. Additionally, while the program expense ratio is reasonable at 62.03%, there is room for improvement in financial management practices, as indicated by a lower score in that area.
Overall, while the R E Olds Transportation Museum Association Inc demonstrates strengths in board independence and asset management, addressing its policy deficiencies could enhance its overall rating and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is R E Olds Transportation Museum Association Inc legitimate?
R E Olds Transportation Museum Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. R E Olds Transportation Museum Association 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: $50,003
Professional Fundraising Fees: $0
Other Salaries and Wages: $46,050
For more financial information, click here
Official website here: www.reoldsmuseum.org
What is the mission statement of R E Olds Transportation Museum Association Inc?
The R E Olds Transportation Museum Association Inc's mission is to collect, preserve, study, and exhibit objects that highlight the role of LanSING in transportation development, with a particular focus on the automobile and its impact on the community and its people. The association aims to educate the public about these aspects through its museum operations. The museum serves as a platform to showcase various artifacts that contribute to illustrating the evolution of transportation, with a special emphasis on the automobile. This organization strives to provide insight into the impact of transportation advancements on communities and their inhabitants.
Official website here: www.reoldsmuseum.org
Who is the CEO of R E Olds Transportation Museum Association Inc?
Henry Green is the Trustee of R E Olds Transportation Museum Association Inc.
Official website here: www.reoldsmuseum.org
What is the revenue of R E Olds Transportation Museum Association Inc?
R E Olds Transportation Museum Association Inc's revenue in 2022 was $204,926.
Official website here: www.reoldsmuseum.org
Who are the executives of R E Olds Transportation Museum Association Inc and what are their salaries?
The average compensation at R E Olds Transportation Museum Association Inc during 2022 was $12,007. There are 8 employees and 34 volunteers at R E Olds Transportation Museum Association Inc.
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Official website here: www.reoldsmuseum.org
Where can I find the form 990 for R E Olds Transportation Museum Association Inc?
R E Olds Transportation Museum Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.reoldsmuseum.org
Learn more at the official website: www.reoldsmuseum.org
Mission Statement of R E Olds Transportation Museum Association Inc
The R.E. Olds Transportation Museum Association Inc is dedicated to gathering, conserving, and examining artifacts that highlight Lansing's role in the evolution of transportation, with a particular focus on the automobile and its influence on the community and its inhabitants. Their mission is to showcase these items to the public, providing insight into how transportation has shaped society. The Association aims to educate and engage the public by operating the museum on a daily basis, offering a captivating and informative experience.
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Impact
October, 2024
R E Olds Transportation Museum Association Inc plays a vital role in preserving and promoting the rich automotive history of Lansing, Michigan. By collecting, preserving, studying, and exhibiting artifacts related to transportation, especially the automobile, the organization fosters a deeper understanding of how these innovations have shaped the community and its people.
The museum serves as an educational hub, offering insight into the historical significance of the automobile industry and its impact on the local economy and culture. Through its day-to-day operations, the museum engages visitors of all ages, encouraging exploration and learning about the evolution of transportation. By showcasing the unique contributions of Lansing to this industry, the association not only honors the past but also inspires future generations to appreciate the importance of innovation in transportation.
Overall, the impact of R E Olds Transportation Museum Association Inc extends beyond simply preserving history; it creates an ongoing dialogue about technological progress and its effects on society, enhancing community identity and pride while fostering a love for the arts and history.
This information is meant to be a general summary of R E Olds Transportation Museum Association 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: $1,539
- Program Service Revenue: $43,584
- Gross Receipts: $265,452
Assets and Liabilities:
- Total Assets: $699,739
- Total Liabilities: $8,825
- Net Assets: $690,914
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$43,584
Organization Details
Founding Year
1987
Phone
(517) 372-0529Principal Officer
Henry Green
Main Address
240 MUSEUM DR, LANSING, MI, 48933
Website
www.reoldsmuseum.orgNTEE Category
Code: A540 - Arts
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