Overview
What is Union Pacific Museum Association?
Union Pacific Museum Association is a nonprofit organization based in Council Bluffs, Iowa. With a small team of five individuals, they offer significant support to the Union Pacific Railroad Museum. Through financial contributions, grants, and operational income from a gift shop, they help fund the museum's operations. Moreover, the association contributes volunteers and engages in educational outreach within the community, sharing the rich history of the railroad. They also play an active role in providing input to guide the museum's operations, ensuring its continued success and relevance.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Union Pacific Museum Association has received a Three-Star rating from Charity Navigator, with an overall score of 80%. This rating is primarily based on its Accountability & Finance score, which also stands at 80%. The organization has demonstrated strong governance practices, including having a fully independent board of directors and no material diversion of assets, reflecting its commitment to transparency and effective financial management.
Strengths highlighted in the rating include a high program expense ratio of 99.02%, indicating that a significant portion of its funds is directed towards its core mission. Additionally, the organization has a solid conflict of interest policy in place and maintains thorough documentation of board meeting minutes, showing a commitment to good governance and accountability.
While the overall score is impressive, it’s important to note that the rating is solely based on the Accountability & Finance metrics, meaning there may be other areas of performance not accounted for in this assessment. Therefore, stakeholders may want to further investigate the organization's impact and program effectiveness beyond financial indicators alone.
This AI summary has been generated from information found on Charity Navigator.
Is Union Pacific Museum Association legitimate?
Union Pacific Museum Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Union Pacific Museum Association 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: $110,313
For more financial information, click here
What is the mission statement of Union Pacific Museum Association?
The Union Pacific Museum Association's mission is centered around providing both financial and volunteer support to the Union Pacific Railroad Museum. In addition to this, they play an active role in offering input and guidance in the operation of the museum. The association accomplishes its financial support objectives through various events and by securing contributions, such as grants and operation of a gift shop. Moreover, they contribute to the museum's operations by providing volunteers and engaging in educational outreach within the community, sharing insights about railroad history.
Who is the CEO of Union Pacific Museum Association?
Mack Larock is the Principal Officer of Union Pacific Museum Association.
What is the revenue of Union Pacific Museum Association?
Union Pacific Museum Association's revenue in 2022 was $193,854.
Who are the executives of Union Pacific Museum Association and what are their salaries?
The average compensation at Union Pacific Museum Association during 2022 was $22,063. There are 5 employees and 86 volunteers at Union Pacific Museum Association.
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Where can I find the form 990 for Union Pacific Museum Association?
Union Pacific Museum Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Union Pacific Museum Association
The Union Pacific Museum Association is an organization committed to supporting the Union Pacific Railroad Museum. Their primary mission involves providing both financial assistance and volunteer input to contribute to the museum's operation and growth. They achieve this by organizing events, securing various sources of contributions, such as grants and operating a gift shop, and offering volunteer services. Additionally, the association engages in educational outreach within the community to share the rich history of the railroad. By doing so, the Union Pacific Museum Association plays a crucial role in preserving and promoting the legacy of the railroad for future generations.
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Impact
October, 2024
The Union Pacific Museum Association plays a vital role in enhancing the Union Pacific Railroad Museum's mission and efficacy. By providing financial support through events, grants, and the operation of a gift shop, they ensure the museum's sustainability and growth. Their volunteer efforts not only fill critical roles in day-to-day operations but also foster community engagement and education about railroad history. Through outreach programs, they elevate public awareness and appreciation of the contributions of the railroad to the region and the nation. Overall, their advocacy and support profoundly impact the museum's role as a cultural and educational resource in Council Bluffs, Iowa.
This information is meant to be a general summary of Union Pacific Museum Association. 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: $7,825
- Program Service Revenue: $36,961
- Gross Receipts: $248,531
Assets and Liabilities:
- Total Assets: $1,683,852
- Total Liabilities: $2,919
- Net Assets: $1,680,933
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATRON MEMBERSHIPS
Revenue
$36,961
Organization Details
Founding Year
1998
Phone
(712) 323-3916Principal Officer
Mack Larock
Main Address
PO BOX 2009, Council Bluffs, IA, 51502
NTEE Category
Code: A115 - Arts
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