Overview
What is Collings Foundation Inc?
Collings Foundation Inc is a Massachusetts-based nonprofit organization with a mission to operate the American Heritage Museum. The museum, open to the public, showcases a vast collection of historical armored vehicles and tanks, arranged in unique dioramas and exhibits. This collection spans from the Revolutionary War era to present times, featuring displays on World War I and the Clash of Steel Exhibition, among others. The Hanoi Hilton exhibit is also part of the museum, offering visitors an immersive experience. In addition to the museum, Collings Foundation participates in living history events where they bring historical artifacts to life for the public. The organization's activities include preserving and restoring historical assets and honoring veterans, all while educating the public about American history. Approximately 49,539 people visited the museum during the year.
Official website here: www.americanheritagemuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
The Collings Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization earned a total score of 82%, which reflects a strong emphasis on financial stewardship and responsible governance. Notably, the foundation has a fully independent board, maintaining high marks for audit oversight and a clean record regarding asset diversion.
The financial health of the Collings Foundation is demonstrated through a low liabilities-to-assets ratio and a high working capital ratio, underscoring its stability and ability to cover obligations. Additionally, the organization efficiently manages fundraising, showcasing an impressive fundraising efficiency ratio, which indicates that a small amount is spent to raise funds. However, the program expense ratio appears somewhat low at 71.20%, which may suggest that a larger portion of its budget is allocated to administrative costs rather than direct program services.
Despite its strengths, the foundation has a couple of weaknesses in its governance practices. The absence of a whistleblower policy and a document retention and destruction policy could be areas for improvement, as these policies are essential for maintaining transparency and accountability. Overall, while the foundation is performing well in many areas, addressing these limitations could enhance its operational effectiveness and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Collings Foundation Inc legitimate?
Collings Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Collings Foundation 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: $468,754
Professional Fundraising Fees: $0
Other Salaries and Wages: $276,893
For more financial information, click here
Official website here: www.americanheritagemuseum.org
What is the mission statement of Collings Foundation Inc?
The Collings Foundation Inc is dedicated to preserving and showcasing historical artifacts, primarily focused on living history events. Their mission is to provide opportunities for Americans to learn about their heritage through interactive experiences with these artifacts. The organization operates the American Heritage Museum, which displays a vast collection of armored vehicles and tanks, as well as exhibits covering historical periods from the Revolutionary War to the present. Visitors can explore unique displays, including a World War I Trench Experience and the Clash of Steel Exhibition. The Foundation also offers a gift shop where people can purchase items that support the organization's mission and American history. Each year, the museum attracts a significant number of visitors, with approximately 49,539 attending during the previous year.
Official website here: www.americanheritagemuseum.org
Who is the CEO of Collings Foundation Inc?
Robert Collings is the President And Director of Collings Foundation Inc.
Official website here: www.americanheritagemuseum.org
What is the revenue of Collings Foundation Inc?
Collings Foundation Inc's revenue in 2022 was $17,834,761.
Official website here: www.americanheritagemuseum.org
Who are the executives of Collings Foundation Inc and what are their salaries?
There 700 volunteers at Collings Foundation Inc.
Here are 7 key members and their salaries:
- Compensation: $351,972
- Related: $79,587
- Other: $0
- Compensation: $95,901
- Related: $14,039
- Other: $0
- Compensation: $20,902
- Related: $10,832
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.americanheritagemuseum.org
Where can I find the form 990 for Collings Foundation Inc?
Collings Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.americanheritagemuseum.org
Learn more at the official website: www.americanheritagemuseum.org
Mission Statement of Collings Foundation Inc
Collings Foundation Inc, a notable nonprofit organization, is dedicated to the operation of the American Heritage Museum. This institution preserves and restores historical artifacts, with the primary intention of honoring veterans and educating the public. Through living history events, Collings Foundation and its museum bring these artifacts to life, providing a unique and immersive learning experience.
The American Heritage Museum is home to an extensive collection of armored vehicles and tanks, showcased in captivating dioramas and displays. The museum's exhibits span from the Revolutionary War period to the present day, featuring engaging displays such as the World War I Trench Experience, the Clash of Steel Exhibition, and the Hanoi Hilton exhibit. These exhibits offer valuable insights into various periods in American history, enabling visitors to gain a deeper understanding of their heritage.
A visit to the American Heritage Museum is not only an educational experience but also an opportunity for direct participation. The museum's living history events allow visitors to interact with the historical artifacts, providing a memorable and engaging learning experience. Additionally, the museum's gift shop offers items that promote the organization's mission and American history, allowing visitors to take a piece of the experience home with them. Annually, the museum attracts approximately 49,539 visitors, underscoring its popularity and educational impact.
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Impact
October, 2024
Collings Foundation Inc significantly enriches public understanding of American history and honors veterans through its operation of the American Heritage Museum. By preserving, restoring, and presenting a vast collection of historical artifacts, including one of the world's largest collections of armored vehicles and tanks, the Foundation creates an immersive educational experience for visitors. The museum features engaging exhibits that span from the Revolutionary War to modern conflicts, allowing guests to explore critical moments in history, such as the World War I Trench Experience and the Clash of Steel Exhibition.
The Foundation's commitment to living history events further enhances this educational journey, enabling the public to interact with history in a meaningful way. During the past year, the museum attracted approximately 49,539 visitors, demonstrating its role as a vital cultural and educational resource in Hudson, MA. Through its activities, Collings Foundation Inc not only preserves history but also fosters a deeper appreciation for America's heritage, making it accessible and engaging for all.
This information is meant to be a general summary of Collings Foundation 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 2022.
- Investment Income: -$101,200
- Program Service Revenue: $1,395,485
- Gross Receipts: $17,996,415
Assets and Liabilities:
- Total Assets: $90,808,753
- Total Liabilities: $526,657
- Net Assets: $90,282,096
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tank Experiences
Revenue
$467,803
Admission Fees
Revenue
$479,207
Battle for the Airfield Event
Revenue
$187,183
Facility Rentals
Revenue
$73,870
Father's Day Open House Event
Revenue
$57,570
Organization Details
Founding Year
2014
Phone
(978) 562-9182Principal Officer
Robert Collings
Main Address
568 MAIN STREET, HUDSON, MA, 01749
NTEE Category
Code: A54 - Arts
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