Overview
What is Baltimore Museum Of Industry Inc?
Baltimore Museum of Industry Inc is a nonprofit organization situated in Baltimore, Maryland, specifically at 1415 KEY HIGHWAY. Their primary mission is to preserve and interpret the industrial and technological history of the Baltimore region. They achieve this by presenting educational programs and exhibits that delve into the stories behind Maryland's industries and the individuals who shaped them. The museum offers a variety of curriculum-aligned educational programs, both in-person and virtually, catering to school groups. Despite a pandemic-induced closure, bookings resumed in 2022, resulting in over 24,000 visits. The Baltimore Museum of Industry also offers outreach services like the City Kits program, which complements classroom learning and aids in mitigating pandemic-related learning loss. The museum resumed its popular Maryland Engineering Challenges in an in-person format, showcasing their dedication to STEM education. With a workforce of 36 individuals, the Baltimore Museum of Industry Inc continues to contribute to the community's understanding of its industrial past and future innovations.
Official website here: www.thebmi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
The Baltimore Museum of Industry Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong financial health and commitment to accountability. With an overall score of 90%, the organization demonstrates significant strengths, particularly in leadership and adaptability, where it earned a perfect score of 100. Its independent board composition is noteworthy, with 100% of its 23 board members being independent, ensuring unbiased governance.
The museum exhibits a solid program expense ratio of 72.53%, indicating that a considerable portion of its budget is directed towards its programs and services. The organization has robust policies in place, including conflict of interest and whistleblower policies, which contribute to its high accountability ratings. Feedback mechanisms are also highly effective, with full scores in both collection and usage, showing a dedication to community engagement and responsiveness.
However, there are some areas where the museum can improve, particularly in its liabilities to assets ratio, which stands at 59.28%. While this is not alarming, it indicates a need for ongoing attention to financial sustainability. Despite this, the Baltimore Museum of Industry Inc shows strong performance in various metrics, signaling a well-managed nonprofit that is effectively serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Baltimore Museum Of Industry Inc legitimate?
Baltimore Museum Of Industry Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baltimore Museum Of Industry 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: $170,411
Professional Fundraising Fees: $0
Other Salaries and Wages: $710,038
For more financial information, click here
Official website here: www.thebmi.org
What is the mission statement of Baltimore Museum Of Industry Inc?
The Baltimore Museum of Industry Inc's mission is to preserve and showcase the industrial and technological heritage of its region. This is achieved through presenting educational programs and exhibits that delve into the histories of Maryland's industries and the people who shaped them. The museum offers curriculum-aligned educational programs to school groups, both in-person and virtually. Despite being closed to on-site school visitors for over a year due to the pandemic, the museum resumed bookings in FY22 and ended the year with over 24,000 visits. The museum also continues to offer outreach services such as the popular City Kits program, which complements classroom learning and aids in addressing pandemic-related learning loss. The museum's resources have been appreciated by teachers for helping keep students engaged during remote learning.
Official website here: www.thebmi.org
Who is the CEO of Baltimore Museum Of Industry Inc?
Anita Kassof is the Former Chair, Trustee of Baltimore Museum Of Industry Inc.
Official website here: www.thebmi.org
What is the revenue of Baltimore Museum Of Industry Inc?
Baltimore Museum Of Industry Inc's revenue in 2022 was $2,806,881.
Official website here: www.thebmi.org
Who are the executives of Baltimore Museum Of Industry Inc and what are their salaries?
The average compensation at Baltimore Museum Of Industry Inc during 2022 was $24,457. There are 36 employees and 54 volunteers at Baltimore Museum Of Industry Inc.
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- Other: $1,336
Official website here: www.thebmi.org
Where can I find the form 990 for Baltimore Museum Of Industry Inc?
Baltimore Museum Of Industry Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thebmi.org
Learn more at the official website: www.thebmi.org
Mission Statement of Baltimore Museum Of Industry Inc
The Baltimore Museum of Industry Inc, as a museum, celebrates the past, present, and future innovations of Baltimore's industry. Its mission is to collect, preserve, and interpret the industrial and technological heritage of the Baltimore region for the public. This is achieved through the presentation of educational programs and exhibits that delve into the stories of Maryland's industries and the people who shaped them.
In line with its mission, the Baltimore Museum of Industry Inc offers a range of educational programs, catering to school groups in both in-person and virtual formats. Despite the museum being closed to on-site school visitors for over a year during the pandemic, bookings resumed in FY2022, resulting in over 24,000 visits from students, teachers, and chaperones. The museum also continues to offer the Maryland Engineering Challenges, resuming to an in-person format for these highly regarded STEM competitions. Simultaneously, the museum provides outreach services such as the popular City Kits Program, complementing classroom learning and supporting efforts to mitigate pandemic-related learning loss. Teachers have expressed appreciation for the resources provided by the museum, which have helped them keep students meaningfully engaged and offered in flexible formats.
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Impact
July, 2024
The Baltimore Museum Of Industry Inc's impact is significant in celebrating the past, present, and future innovations of Baltimore industry. Through its museum exhibitions and educational programming, the BMI plays a crucial role in collecting, preserving, and interpreting the industrial and technological heritage of the Baltimore region. In FY2022, the museum offered curriculum-aligned educational programs to school groups both in-person and virtually, with over 24,000 visits from students, teachers, and chaperones. Additionally, the BMI continued to provide outreach services such as the popular City Kits program, supporting efforts to ameliorate pandemic-related learning loss and keeping students meaningfully engaged. Teachers have expressed appreciation for the resources provided by the BMI, demonstrating its positive impact on education in the community.
This information is meant to be a general summary of Baltimore Museum Of Industry 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: $51,937
- Program Service Revenue: $191,808
- Gross Receipts: $2,835,113
Assets and Liabilities:
- Total Assets: $4,670,133
- Total Liabilities: $2,880,761
- Net Assets: $1,789,372
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$165,377
MEMBERSHIP DUES
Revenue
$22,827
ARCHIVE & COLL. FEES
Revenue
$3,104
EDU WKSH & COURSE FEES
Revenue
$500
Organization Details
Founding Year
1981
Phone
(410) 727-4808Principal Officer
Anita Kassof
Main Address
1415 KEY HIGHWAY, BALTIMORE, MD, 21230
Website
www.thebmi.orgNTEE Category
Code: A540 - Arts
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