Overview
What is St Louis Art Museum Foundation?
The St. Louis Art Museum Foundation is a nonprofit organization based in St. Louis, Missouri, with a significant financial contribution of $7.08 million in 2022 towards the Saint Louis Art Museum's programs and activities. The primary mission of the foundation is to support the art museum, encompassing various aspects such as fundraising, acquisitions of new art pieces, and financing facility expansions and renovations.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 87%, Three-Star out of Four Star rating.
The St Louis Art Museum Foundation receives a commendable Three-Star rating, reflecting a strong performance in accountability and finance. The organization has an impressive accountability and finance score of 87%, indicating effective management of its resources. Key strengths include a high percentage of independent board members and robust financial oversight, with no reported material diversions of assets.
The foundation's commitment to transparency is further illustrated by the presence of comprehensive policies on conflicts of interest, whistleblower protections, and document retention. The liabilities to assets ratio is exceptionally low at 0.33%, showcasing solid financial health. Additionally, the program expense ratio is high at 96.63%, suggesting that the vast majority of funds are directed towards fulfilling its mission rather than administrative costs.
While the organization demonstrates strong financial practices and governance, potential donors may want to consider the overall ratings before making contributions. The Three-Star rating indicates good performance, but there may be room for improvement in areas beyond financial accountability to enhance its overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is St Louis Art Museum Foundation legitimate?
St Louis Art Museum Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Louis 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.
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
What is the mission statement of St Louis Art Museum Foundation?
The St. Louis Art Museum Foundation exists to aid and assist the Saint Louis Art Museum in various ways. Its primary role is to contribute financially to the museum through fundraising and other activities. The foundation's sole purpose is to support the museum, helping it expand and renovate its facilities. In the year 2022, the St. Louis Art Museum Foundation contributed $7,088,109 to the museum's programs and activities.
Who is the CEO of St Louis Art Museum Foundation?
Carolyn J Schmidt is the President & Museum Dir. of St Louis Art Museum Foundation.
What is the revenue of St Louis Art Museum Foundation?
St Louis Art Museum Foundation's revenue in 2022 was $16,648,359.
Who are the executives of St Louis Art Museum Foundation and what are their salaries?
There 2 volunteers at St Louis Art Museum Foundation.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $489,405
- Other: $34,235
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $406,167
- Other: $282,607
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $233,540
- Other: $107,237
- Compensation: $0
- Related: $250,232
- Other: $155,943
- Compensation: $0
- Related: $163,062
- Other: $168,557
- Compensation: $0
- Related: $163,530
- Other: $53,599
- Compensation: $0
- Related: $149,415
- Other: $65,326
Where can I find the form 990 for St Louis Art Museum Foundation?
St Louis Art Museum Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Louis Art Museum Foundation
The St. Louis Art Museum Foundation serves a vital role in upholding the success and growth of the Saint Louis Art Museum. With a primary objective to support the institution financially, the Foundation engages in fundraising activities and assists in funding expansion and renovation projects. The Foundation's commitment to the Museum extends beyond monetary support, as it also contributes to acquiring new art collections.
In the year 2022, the St. Louis Art Museum Foundation made a significant impact on the Museum's programs and activities, contributing the substantial amount of $7,088,109. This financial support allowed the Museum to continue its mission of making art accessible to the public and providing engaging educational experiences. The Foundation's dedication to the Museum enables it to maintain its status as a cultural cornerstone in the community and attract visitors from around the world.
The St. Louis Art Museum Foundation's unwavering commitment to the Museum is essential for its ongoing success. By providing essential funding for programs and museum activities, the Foundation ensures that the Saint Louis Art Museum can continue to inspire, educate, and engage visitors of all ages. Through its various initiatives and financial contributions, the Foundation plays a crucial role in fostering the Museum's growth and preserving its rich collection for future generations to enjoy.
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Impact
October, 2024
The St. Louis Art Museum Foundation has a significant impact on the cultural landscape of St. Louis by providing vital financial support to the Saint Louis Art Museum. In 2022, the foundation contributed over $7 million towards programs and various museum activities, facilitating the acquisition of new artworks and enhancing the museum's offerings. Its mission focuses on fundraising and assisting with the expansion and renovation of museum facilities, ensuring that the museum continues to thrive as a hub for art and community engagement. This support not only enriches the art collection but also broadens access to cultural experiences for the public. Through these efforts, the foundation plays a crucial role in promoting the arts and sustaining the museum's legacy.
This information is meant to be a general summary of St Louis 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 2022.
- Investment Income: $12,166,032
- Program Service Revenue: $949,062
- Gross Receipts: $34,050,004
Assets and Liabilities:
- Total Assets: $263,920,065
- Total Liabilities: $884,962
- Net Assets: $263,035,103
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP EQUIVALENT VALUE
Revenue
$949,062
Organization Details
Founding Year
1985
Phone
(314) 721-0072Principal Officer
Carolyn J Schmidt
Main Address
ONE FINE ARTS DRIVE, ST LOUIS, MO, 631101380
NTEE Category
Code: A110 - Arts
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