Overview
What is Grout Museum Inc?
Grout Museum Inc, located at 503 South Street, Waterloo, Iowa 50701, is a nonprofit organization that plays a crucial role in supporting the operations of its museums, which are managed by the H.W. Grout Trust. The primary mission of Grout Museum Inc is to raise funds and subsequently transfer them to the H.W. Grout Trust for the purpose of maintaining and operating the museums. In the fiscal year ending June 30, 2022, Grout Museum Inc served approximately 38,000 individuals, demonstrating its significant impact on the community.
Official website here: www.groutmuseumdistrict.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%
Grout Museum Inc has achieved a remarkable Four-Star out of Four Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The charity's overall score is derived entirely from its accountability and finance metrics, where it scored an impressive 96%. This high rating signifies that the organization has successfully implemented robust financial practices and governance structures, ensuring donor contributions are managed effectively.
The organization demonstrates several strengths, including a fully independent board with 15 members, an excellent audit and oversight committee, and no material diversion of assets. Additionally, its program expense ratio of 99.99% indicates that nearly all of its funding is directed towards its programs, which is a positive sign for potential donors and supporters. Policies regarding conflicts of interest, whistleblower protections, and document retention further enhance the organization’s accountability.
Despite these strengths, it is important for donors to consider the compensation of key staff. The Executive Director's salary is noted at $84,392, while other key positions receive no compensation. This information may raise questions about the distribution of financial resources within the organization, although it does not detract from the overall impressive financial health indicated by the charity’s rating.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Grout Museum Inc?
94% of 96 reviewers on Facebook recommend the Grout Museum Inc. Here is a summary of their reviews:
Patrons celebrate the museum as an excellent venue that caters to a wide range of interests. Visitors appreciate the diverse exhibits and engaging programs, which make learning enjoyable for all ages. The welcoming atmosphere enhances the overall experience, making it a valuable resource in the community.
Overall, the sentiment is overwhelmingly positive, with many highlighting the museum's ability to provide enriching experiences. This nonprofit appears to effectively fulfill its mission of educating and entertaining its visitors.
This AI summary has been generated from reviews found on Facebook.
Is Grout Museum Inc legitimate?
Grout Museum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grout 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.groutmuseumdistrict.org
What is the mission statement of Grout Museum Inc?
The mission of Grout Museum Inc. is to support the H.W. Grout Trust in operating its museums. This is achieved by raising funds and subsequently transferring them to the trust for this purpose. The primary objective of Grout Museum Inc. is to contribute financially to the operation of the museums under the trust's management. These museums cater to a substantial number of visitors, with approximately 38,000 people being served in the year ending June 30, 2022.
Official website here: www.groutmuseumdistrict.org
Who is the CEO of Grout Museum Inc?
John J Burns is the Executive Director of Grout Museum Inc.
Official website here: www.groutmuseumdistrict.org
What is the revenue of Grout Museum Inc?
Grout Museum Inc's revenue in 2022 was $1,523,676.
Official website here: www.groutmuseumdistrict.org
Who are the executives of Grout Museum Inc and what are their salaries?
There 16 volunteers at Grout Museum Inc.
Here are 21 key members and their salaries:
- Compensation: $0
- Related: $75,443
- Other: $21,878
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- Related: $50,399
- Other: $10,737
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Official website here: www.groutmuseumdistrict.org
Where can I find the form 990 for Grout Museum Inc?
Grout Museum Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.groutmuseumdistrict.org
Learn more at the official website: www.groutmuseumdistrict.org
Mission Statement of Grout Museum Inc
Grout Museum Inc, as a nonprofit organization, is dedicated to raising funds with the sole purpose of transferring them to the H.W. Grout Trust. This transfer of funds is utilized to operate museums under the trust's management. The mission of Grout Museum Inc is to contribute financially to the smooth operation of these museums, thereby ensuring they continue to serve their visitors. During the year ending June 30, 2022, these museums, under Grout Museum Inc's financial support, attracted approximately 38,000 individuals, demonstrating the organization's significant role in promoting educational and cultural experiences.
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Impact
July, 2024
The impact of Grout Museum Inc can be seen in the support it provides to the H.W. Grout Trust for the operation of its museums in Waterloo, Iowa. By providing funding to the trust, Grout Museum Inc enables the museums to serve approximately 38,000 people annually. This support helps in preserving and sharing cultural heritage, promoting education, and enriching the community through arts and historical exhibits.
This information is meant to be a general summary of Grout 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: $387
- Gross Receipts: $1,523,676
Assets and Liabilities:
- Total Assets: $872,225
- Total Liabilities: $0
- Net Assets: $872,225
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Organization Details
Founding Year
1988
Phone
(319) 234-6357Principal Officer
John J Burns
Main Address
503 SOUTH STREET, WATERLOO, IA, 50701
Website
www.groutmuseumdistrict.orgNTEE Category
Code: A500 - Arts
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