Overview
What is New Madrid Historical Museum?
The New Madrid Historical Museum is a nonprofit organization dedicated to preserving local history. Its primary focus is on operating and maintaining a historical museum, serving as a crucial resource within the category of history museums. The museum's mission involves showcasing and presenting the area's past, providing visitors with an enriching educational experience. Despite not explicitly mentioned in the provided information, it's safe to assume that the museum may offer resources, exhibits, and educational programs for the community, contributing to the preservation and understanding of local heritage.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%, Two-Star out of Four Star Rating)
The New Madrid Historical Museum has received a Two-Star rating from Charity Navigator, indicating that while it demonstrates strong accountability and finance practices, there are significant areas needing improvement. Notably, the museum scored a perfect 100% in accountability and finance metrics, showcasing a solid structure with a majority of independent board members and a favorable liabilities-to-assets ratio.
However, the museum has several critical gaps in policy implementation, particularly the absence of a Conflict of Interest Policy, Whistleblower Policy, and Document Retention and Destruction Policy, each receiving zero points. Additionally, the museum has not made its tax forms available on its website, which is essential for transparency and donor trust. These shortcomings highlight the need for the organization to enhance its governance practices to build confidence among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is New Madrid Historical Museum legitimate?
New Madrid Historical Museum is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Madrid Historical Museum 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:
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Other Salaries and Wages: $31,508
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What is the mission statement of New Madrid Historical Museum?
The New Madrid Historical Museum is dedicated to fulfilling the mission of operating and preserving a local historical museum. This establishment falls under the category of history museums, and its primary objective is to effectively manage and maintain this historical site for public viewing and education. By carrying out this mission, the museum aims to contribute to the understanding and appreciation of the area's historical heritage. The museum may also provide resources, exhibits, or educational programs to promote historical knowledge and engagement with the community.
Who is the CEO of New Madrid Historical Museum?
Patrick Carlson is the Board Member of New Madrid Historical Museum.
What is the revenue of New Madrid Historical Museum?
New Madrid Historical Museum's revenue in 2022 was $51,545.
Who are the executives of New Madrid Historical Museum and what are their salaries?
The average compensation at New Madrid Historical Museum during 2022 was $10,503. There are 3 employees at New Madrid Historical Museum.
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Where can I find the form 990 for New Madrid Historical Museum?
New Madrid Historical Museum's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Madrid Historical Museum
The New Madrid Historical Museum, as a historical institution, is dedicated to fulfilling its mission of managing and preserving a local repository of historical artifacts and information. By operating as a historical museum, this organization serves to educate the public about the past, fostering a deeper understanding of the events, people, and cultures that have shaped society. The central objective of the New Madrid Historical Museum is to ensure the ongoing operation of this historical site, thereby providing a valuable resource for individuals seeking to explore and learn about the past.
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Impact
August, 2024
The New Madrid Historical Museum plays a significant role in preserving the history and heritage of the local community. Through its operation and maintenance of a historical museum, the organization ensures that the stories, artifacts, and traditions of New Madrid are not forgotten. By offering educational programs, exhibits, and events, the museum enriches the cultural landscape of the area and provides a valuable resource for residents and visitors alike to learn about the past. Additionally, the museum contributes to the promotion of arts and historical appreciation in the region, fostering a sense of pride and connection to the community's roots.
This information is meant to be a general summary of New Madrid Historical Museum. 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: $5,191
- Program Service Revenue: $16,287
- Gross Receipts: $86,325
Assets and Liabilities:
- Total Assets: $575,453
- Total Liabilities: $2,221
- Net Assets: $573,232
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSION
Revenue
$20,236
DUES
Revenue
$7,873
OTHER INCOME
Revenue
-$11,822
Organization Details
Founding Year
1974
Principal Officer
Patrick Carlson
Main Address
ONE MAIN STREET, NEW MADRID, MO, 63869
NTEE Category
Code: A540 - Arts
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