Overview
What is Patriots Point Naval And Maritime Museum Foundation?
The Patriots Point Naval and Maritime Museum Foundation is a nonprofit organization situated in Mount Pleasant, South Carolina. Its primary objective is to generously support the facilities, exhibits, programs, and projects of the Patriots Point Naval & Maritime Museum. This support extends to various educational programs and initiatives, as well as other enhancements and improvements for the museum. Although the museum is a state agency, it relies on the foundation for assistance with projects and significant requirements beyond the maintenance of its historic ships, as it does not receive any allocated funding.
Official website here: www.patriotspointfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)
The Patriots Point Naval And Maritime Museum Foundation has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The score is entirely based on their performance in Accountability & Finance, highlighting the organization's commitment to transparency and responsible financial management.
One of the strengths of this nonprofit is its governance structure, boasting a fully independent board of directors with 12 members. The organization has also demonstrated excellent financial ratios, with 89.13% of expenses allocated to programs, indicating a strong focus on its mission-related activities. Furthermore, there are no reported issues related to asset diversion, which adds to its credibility.
However, the organization does face some limitations, particularly related to its policies. It lacks a conflict of interest policy, whistleblower policy, and a document retention and destruction policy, which resulted in a significant deduction of points in those areas. Addressing these gaps could improve their rating and enhance overall governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Patriots Point Naval And Maritime Museum Foundation legitimate?
Patriots Point Naval And Maritime Museum Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Patriots Point Naval And Maritime 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:
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Official website here: www.patriotspointfoundation.org
What is the mission statement of Patriots Point Naval And Maritime Museum Foundation?
The Patriots Point Naval and Maritime Museum Foundation's mission is centered around raising funds for the Patriots Point Naval & Maritime Museum. As a state agency, the museum does not receive any appropriated funding and relies on the foundation for assistance with projects and major needs beyond the maintenance of its historic ships. The foundation aims to provide funding for various educational programs and projects, as well as other improvements, to support the museum's facilities, exhibits, and programs.
Official website here: www.patriotspointfoundation.org
What is the revenue of Patriots Point Naval And Maritime Museum Foundation?
Patriots Point Naval And Maritime Museum Foundation's revenue in 2024 was $35,963.
Official website here: www.patriotspointfoundation.org
Who are the executives of Patriots Point Naval And Maritime Museum Foundation and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.patriotspointfoundation.org
Where can I find the form 990 for Patriots Point Naval And Maritime Museum Foundation?
Patriots Point Naval And Maritime Museum Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.patriotspointfoundation.org
Learn more at the official website: www.patriotspointfoundation.org
Mission Statement of Patriots Point Naval And Maritime Museum Foundation
The Patriots Point Naval and Maritime Museum Foundation's primary mission is to raise funds for the Patriots Point Naval and Maritime Museum. Despite being a state agency, this museum does not receive any appropriated funding and relies on the foundation for assistance with various projects and major needs outside of the maintenance of its historic ships. The foundation's role is crucial in providing funding for various educational programs and projects, as well as improvements, ensuring the museum continues to thrive and offer engaging experiences for its visitors.
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Impact
August, 2024
The Patriots Point Naval And Maritime Museum Foundation has a significant impact on the Patriots Point Naval & Maritime Museum by providing essential funding for various educational programs, facility improvements, exhibits, and other projects. As a state agency that receives no appropriated funding, the museum relies on the foundation to support its initiatives and meet major needs beyond the maintenance of historic ships. Through its fundraising efforts and support, the foundation plays a crucial role in preserving maritime history, enhancing visitor experiences, and promoting educational opportunities at the museum.
This information is meant to be a general summary of Patriots Point Naval And Maritime 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 2024.
- Investment Income: $17,495
- Gross Receipts: $92,460
Assets and Liabilities:
- Total Assets: $533,718
- Total Liabilities: $0
- Net Assets: $533,718
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Organization Details
Founding Year
1976
Principal Officer
Kenneth Pickens
NTEE Category
Code: A55I - Arts
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