Overview
What is The Robert & Jane Meyerhoff Modern Art Foundation Inc?
The Robert & Jane Meyerhoff Modern Art Foundation Inc, located in Cockeysville, Maryland, is a nonprofit organization committed to fostering the general public's appreciation, understanding, and aesthetic enjoyment of modern art. Their primary mission involves acquiring and holding 20th-century modern artwork, which is later utilized by the National Gallery of Art in Washington, D.C. This philanthropic entity contributes significantly to the appreciation and promotion of modern art, making it accessible to a wider audience.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (51%)
The Robert & Jane Meyerhoff Modern Art Foundation Inc has been rated with a One-Star status by Charity Navigator, indicating substantial concerns in its accountability and finance practices. The overall score of 51% reflects a significant focus on these areas, and while the organization benefits from a majority of independent board members and no material diversions of assets, it lacks in several critical financial metrics.
Strengths of the foundation include compliance with conflict of interest and whistleblower policies, as well as a clear document retention and destruction policy. However, notable weaknesses emerge from the absence of board meeting minutes and a tax form on the nonprofit's website, which detracts from transparency. Additionally, the reported ratios for liabilities to assets and program expenses are both 0.00%, raising red flags about the organization's financial health and active programming.
Overall, while the foundation demonstrates some governance strengths, the lack of transparency in financial reporting and programming raises concerns about its operational effectiveness. Stakeholders and potential donors may want to consider these factors when evaluating the foundation's impact and integrity.
This AI summary has been generated from information found on Charity Navigator.
Is The Robert & Jane Meyerhoff Modern Art Foundation Inc legitimate?
The Robert & Jane Meyerhoff Modern Art Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Robert & Jane Meyerhoff Modern Art 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Robert & Jane Meyerhoff Modern Art Foundation Inc?
The Robert & Jane Meyerhoff Modern Art Foundation's mission is centered around acquiring and preserving 20th-century modern artworks. This collection is intended for the National Gallery of Art in Washington D.C., serving as a resource to foster an appreciation, understanding, and aesthetic enjoyment of modern art among the general public. The foundation utilizes these artworks to promote the unique qualities and characteristics of modern art, encouraging a deeper connection and engagement with this artistic era.
What is the revenue of The Robert & Jane Meyerhoff Modern Art Foundation Inc?
The Robert & Jane Meyerhoff Modern Art Foundation Inc's revenue in 2023 was $87,004.
Who are the executives of The Robert & Jane Meyerhoff Modern Art Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $213,965
- Other: $74,707
- Compensation: $0
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- Related: $1,105,640
- Other: $463,127
- Compensation: $0
- Related: $151,006
- Other: $49,047
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- Other: $0
- Compensation: $0
- Related: $391,979
- Other: $137,933
Where can I find the form 990 for The Robert & Jane Meyerhoff Modern Art Foundation Inc?
The Robert & Jane Meyerhoff Modern Art Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Robert & Jane Meyerhoff Modern Art Foundation Inc
The Robert & Jane Meyerhoff Modern Art Foundation Inc is committed to acquiring and preserving 20th-century modern artworks. Its primary objective is to make these art pieces available for the National Gallery of Art located in Washington, D.C., to enable the public to appreciate, grasp, and enjoy the distinctive qualities of modern art. By holding and sharing these artworks, the foundation aims to foster a broader understanding and aesthetic delight in modern art among the general public.
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Impact
October, 2024
The Robert & Jane Meyerhoff Modern Art Foundation Inc significantly enhances public engagement with 20th-century modern art by acquiring and holding a valuable collection of artworks for the National Gallery of Art in Washington, D.C. Through this effort, the foundation promotes an appreciation and understanding of modern art, allowing visitors to experience its unique qualities. The accessibility of these works fosters aesthetic enjoyment and inspires dialogue around contemporary artistic expressions, enriching the cultural landscape and encouraging a deeper connection with modern art among diverse audiences.
This information is meant to be a general summary of The Robert & Jane Meyerhoff Modern Art 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 2023.
- Investment Income: $4
- Gross Receipts: $87,004
Assets and Liabilities:
- Total Assets: $128,950,569
- Total Liabilities: $0
- Net Assets: $128,950,569
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Organization Details
Founding Year
2000
Principal Officer
Robert E Meyerhoff
NTEE Category
Code: A110 - Arts
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