Overview
What is Macnider Art Museum Foundation?
The Macnider Art Museum Foundation, situated in Mason City, Iowa, serves as an endowment fund dedicated to supporting its namesake art museum. This nonprofit organization's primary objective is to ensure the museum's long-term financial sustainability and growth, thereby enriching the local arts community and the experiences of its visitors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star rating.
The Macnider Art Museum Foundation has earned a solid Three-Star rating from Charity Navigator based on its 87% score. This indicates a strong performance in terms of accountability and financial health. The organization boasts a fully independent board, with all 10 members meeting the criteria, and has demonstrated an excellent track record in asset management with a 0.00% liabilities to assets ratio.
Additionally, the foundation excels in its financial practices, allocating nearly 99% of its expenses directly to its programs, showcasing a strong commitment to its mission. The presence of a comprehensive conflict of interest policy and proper document retention practices further reinforces its accountability. However, while the scores reflect a solid operational foundation, there may be areas for improvement in transparency and public engagement, as is common with many nonprofits.
This AI summary has been generated from information found on Charity Navigator.
Is Macnider Art Museum Foundation legitimate?
Macnider Art Museum Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Macnider Art Museum Foundation 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.
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What is the mission statement of Macnider Art Museum Foundation?
The MacNider Art Museum Foundation serves a crucial role by establishing an endowment fund aimed at supporting its affiliated art museum. Their mission is centered around providing financial resources to ensure the museum's continued operation and growth. By nurturing this endowment, the foundation contributes to the preservation and promotion of art, fostering an enriched cultural environment for the community at large.
Who is the CEO of Macnider Art Museum Foundation?
Charles Macnider is the Past President of Macnider Art Museum Foundation.
What is the revenue of Macnider Art Museum Foundation?
Macnider Art Museum Foundation's revenue in 2023 was $121,259.
Who are the executives of Macnider Art Museum Foundation and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Macnider Art Museum Foundation?
Macnider Art Museum Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Macnider Art Museum Foundation
The MacNider Art Museum Foundation, as a nonprofit entity, is dedicated to establishing an endowment fund. This fund serves a crucial role in supporting the operations and upkeep of the MacNider Art Museum, without specifying its location. The primary goal of this foundation is to ensure the museum's sustainability and continued success in providing artistic experiences to its visitors. By managing an endowment fund, the MacNider Art Museum Foundation aims to secure a steady source of financial resources, enabling the museum to maintain its collection, organize exhibitions, and engage in educational programs for the public.
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Impact
October, 2024
The Macnider Art Museum Foundation significantly contributes to the cultural landscape of Mason City, Iowa, by maintaining and supporting the MacNider Art Museum through its endowment fund. This initiative ensures the museum can continue to offer a diverse range of exhibitions and educational programs that enrich the community's appreciation of the arts. By providing financial stability, the foundation enables the museum to enhance its collections, foster artistic talent, and engage the public with art in meaningful ways. The impact of this support is evident in the vibrant arts scene in the area, which promotes creativity, community engagement, and cultural enrichment.
This information is meant to be a general summary of Macnider Art Museum Foundation. 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: $82,453
- Gross Receipts: $511,840
Assets and Liabilities:
- Total Assets: $1,147,841
- Total Liabilities: $0
- Net Assets: $1,147,841
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Organization Details
Founding Year
1996
Phone
(641) 421-3666Principal Officer
Charles Macnider
Main Address
303 SECOND ST SE, MASON CITY, IA, 50401
NTEE Category
Code: A115 - Arts
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