Overview
What is Basketball Museum Of Illinois Inc?
The Basketball Museum of Illinois Inc, established in 2015, is a nonprofit organization located in Elburn, Illinois. Their mission is to celebrate and honor Illinois basketball history, inspiring future generations. They have received donations and formed partnerships, including one with Grand Marketing Solutions for a virtual museum component. Additionally, they collaborated with the Village of Bedford Park and the Wintrust Sports Complex to secure a physical location. This led to the hosting of a Title IX celebration, marking a significant milestone for the museum.
Official website here: www.basketballmuseumofillinois.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Basketball Museum of Illinois Inc has received an overall score of 83%, indicating a solid level of accountability and finance management. The organization excels in several key areas, showcasing a fully independent board and no material diversion of assets. Additionally, it maintains a high program expense ratio, suggesting that a significant portion of its funding is directed towards its mission-related activities.
However, there are some limitations noted in the evaluation. The organization lacks a whistleblower policy and a document retention and destruction policy, which may raise concerns about governance practices. While the museum meets many accountability standards, addressing these missing policies could enhance its overall rating and operational transparency.
Despite these areas for improvement, the Basketball Museum of Illinois demonstrates a commitment to its mission with a strong financial foundation and effective board governance. Addressing the identified limitations would further bolster its reputation and trustworthiness among potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Basketball Museum Of Illinois Inc legitimate?
Basketball Museum Of Illinois Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Basketball Museum Of Illinois 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: $9,000
For more financial information, click here
Official website here: www.basketballmuseumofillinois.com/
What is the mission statement of Basketball Museum Of Illinois Inc?
The Basketball Museum of Illinois Inc's mission is centered around paying tribute to Illinois' rich basketball history, applauding current achievements, and inspiring future generations. By providing a museum, the organization aims to serve as a platform for honoring Illinois' distinguished athletic past. The museum's purpose also extends to motivating upcoming generations, encouraging them to pursue their basketball aspirations. In 2015, the institution started accepting donations, with a vision of establishing a permanent location. It has also collaborated with Grand Marketing Solutions for its virtual museum component and partnered with the Village of Bedford Park and the Wintrust Sports Complex to secure a physical location, which led to hosting a Title IX celebration.
Official website here: www.basketballmuseumofillinois.com/
Who is the CEO of Basketball Museum Of Illinois Inc?
Robert Bruce Firchau is the President of Basketball Museum Of Illinois Inc.
Official website here: www.basketballmuseumofillinois.com/
What is the revenue of Basketball Museum Of Illinois Inc?
Basketball Museum Of Illinois Inc's revenue in 2022 was $90,343.
Official website here: www.basketballmuseumofillinois.com/
Who are the executives of Basketball Museum Of Illinois Inc and what are their salaries?
There 30 volunteers at Basketball Museum Of Illinois Inc.
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Official website here: www.basketballmuseumofillinois.com/
Where can I find the form 990 for Basketball Museum Of Illinois Inc?
Basketball Museum Of Illinois Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.basketballmuseumofillinois.com/
Learn more at the official website: www.basketballmuseumofillinois.com/
Mission Statement of Basketball Museum Of Illinois Inc
The Basketball Museum of Illinois Inc is dedicated to upholding the rich basketball history of Illinois, commemorating current achievements, and inspiring future generations. By providing a museum, this organization aims to pay tribute to Illinois's renowned athletic history and serve as a source of motivation for aspiring basketball enthusiasts. The museum's mission is multifaceted, focusing on honoring past achievements while celebrating present successes and instilling a sense of ambition in future generations.
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Impact
October, 2024
Basketball Museum of Illinois Inc significantly impacts the community by preserving and celebrating the rich history of basketball in Illinois. Through its initiatives, the museum honors past achievements and current stars of the sport, fostering a sense of pride among residents and visitors alike. By establishing a physical location in partnership with the Village of Bedford Park and the Wintrust Sports Complex, the museum creates a vibrant space where people can engage with the state’s basketball heritage.
The museum’s commitment to honoring athletic history inspires younger generations, encouraging participation in sports and promoting the values of teamwork and dedication. Events like the Title IX celebration not only highlight important milestones in women's sports but also create opportunities for community engagement and education. Moreover, the collaboration with Grand Marketing Solutions for a virtual component enhances accessibility, allowing a broader audience to appreciate Illinois basketball's legacy. Overall, the Basketball Museum of Illinois Inc serves as a vital cultural hub that motivates and unites the community through the love of basketball.
This information is meant to be a general summary of Basketball Museum Of Illinois 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: $38
- Gross Receipts: $90,343
Assets and Liabilities:
- Total Assets: $100,296
- Total Liabilities: $0
- Net Assets: $100,296
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Organization Details
Founding Year
2015
Phone
(312) 501-5174Principal Officer
Robert Bruce Firchau
Main Address
PO BOX 8004, ELBURN, IL, 60119
NTEE Category
Code: A50 - Arts
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