Overview
What is Museum Associates Inc?
Museum Associates Inc is a nonprofit organization that actively supports the University of Missouri's Museum of Art & Archaeology. Their primary focus is on various aspects, including funding art acquisitions, conducting research, and sponsoring projects. This support extends to the overall enhancement of the University Museum. Their mission is multifaceted, encompassing not only the financial backing but also the fostering of artistic and scholarly pursuits within the museum's realm.
Official website here: www.maa.missouri
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Star rating.
Museum Associates Inc has received a low score of 57%, reflecting potential concerns regarding its financial management and program expenses. The organization boasts a fully independent board with 23 members, indicating strong governance practices. Furthermore, it has clear policies for conflict of interest, whistleblower protection, and document retention, which all contribute positively to its accountability framework.
However, the nonprofit faces significant challenges in its financial ratios, particularly with a program expense ratio of only 26.92%. This low percentage suggests that a smaller portion of its budget is directed towards its mission-driven programs. Additionally, the organization has a concerning liabilities to assets ratio of 0.00%, which may raise flags about its financial stability and sustainability moving forward. Overall, while the governance is strong, the financial metrics highlight areas that need urgent attention.
This AI summary has been generated from information found on Charity Navigator.
Is Museum Associates Inc legitimate?
Museum Associates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Museum Associates 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: $14,400
For more financial information, click here
Official website here: www.maa.missouri
What is the mission statement of Museum Associates Inc?
Museum Associates Inc is dedicated to supporting the Museum of Art & Archaeology at the University of Missouri. Their mission encompasses various activities, including sponsoring research, acquiring art pieces, and funding projects. Essentially, they strive to bolster the museum's overall presence and development. Their contributions aim to enhance the museum's collections and scholarly pursuits, ultimately benefiting the academic community and visitors alike.
Official website here: www.maa.missouri
What is the revenue of Museum Associates Inc?
Museum Associates Inc's revenue in 2024 was $272,902.
Official website here: www.maa.missouri
Who are the executives of Museum Associates Inc and what are their salaries?
There 15 volunteers at Museum Associates Inc.
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Official website here: www.maa.missouri
Where can I find the form 990 for Museum Associates Inc?
Museum Associates Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.maa.missouri
Learn more at the official website: www.maa.missouri
Mission Statement of Museum Associates Inc
Museum Associates Inc, a dedicated organization, plays a significant role in supporting the Museum of Art & Archaeology at the University of Missouri. Their mission is multifaceted, encompassing art acquisitions, research initiatives, and sponsoring various projects related to the museum. By doing so, they contribute to the enhancement and development of the University Museum, ultimately benefiting the academic community and visitors alike.
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Impact
August, 2024
Museum Associates Inc's impact is primarily in supporting the Museum of Art & Archaeology at the University of Missouri in Columbia, MO. This support includes art acquisitions, research initiatives, project sponsorships, and overall assistance in the development and maintenance of the University Museum. By providing financial and operational support to this institution, Museum Associates Inc plays a critical role in preserving and promoting art and archaeology within the university community and beyond. Their efforts contribute to enriching cultural experiences for students, faculty, and the public, ultimately enhancing the appreciation and understanding of the arts.
This information is meant to be a general summary of Museum Associates 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 2024.
- Investment Income: $69,189
- Program Service Revenue: $42,664
- Gross Receipts: $276,655
Assets and Liabilities:
- Total Assets: $553,922
- Total Liabilities: $0
- Net Assets: $553,922
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP INCOME
Revenue
$42,664
Organization Details
Founding Year
1976
Principal Officer
Julie Middleton
Website
www.maa.missouriNTEE Category
Code: A115 - Arts
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