Overview
What is Smithsonian Institution?
The Smithsonian Institution, located at 1000 Jefferson Drive SW in Washington, D.C., is a renowned nonprofit organization dedicated to the dissemination of knowledge. Founded by James Smithson, its mission is to increase and spread knowledge. The Smithsonian carries out this purpose through various means such as public programs, exhibitions, and education. With a staff of 6834 employees, they work tirelessly to preserve history, discover new insights, and make their resources accessible to the global community.
Official website here: www.si.edu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100% (Four-Star out of Four Star rating)
The Smithsonian Institution has received an impressive Four-Star rating from Charity Navigator, with a perfect score of 100% in Accountability & Finance. This rating highlights the organization’s strong governance practices, including a fully independent board and robust financial oversight, ensuring transparency and responsible management of resources.
Among its notable strengths, the Smithsonian displays a high program expense ratio of 71.58%, indicating that a significant portion of its funds is directed towards its programs and services. Additionally, the institution has established comprehensive policies, such as conflict of interest and whistleblower protections, which reinforce its commitment to ethical practices and accountability.
Despite its strong performance metrics, it is essential for potential donors and stakeholders to remain aware that maintaining such high standards requires ongoing vigilance and commitment. Overall, the Smithsonian Institution exemplifies a well-managed nonprofit organization dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Smithsonian Institution legitimate?
Smithsonian Institution is a legitimate nonprofit organization registered as a 501(c)(3) entity. Smithsonian Institution 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: $8,607,459
Professional Fundraising Fees: $2,292,446
Other Salaries and Wages: $553,449,659
For more financial information, click here
Official website here: www.si.edu
What is the mission statement of Smithsonian Institution?
The Smithsonian Institution is driven by the mission to expand the horizon of knowledge. This vision was laid out by its founder, James Smithson. The institution strives to shape the future by safeguarding the past, unearthing new knowledge, and disseminating this valuable information to the global community. Through various means such as education, public programs, and exhibitions, the Smithsonian Institution makes knowledge accessible and engaging for all. By preserving the heritage of the past, exploring the mysteries of the present, and sharing resources generously, the Smithsonian Institution continues to make significant contributions to the world.
Official website here: www.si.edu
Who is the CEO of Smithsonian Institution?
Lonnie G Bunch Iii is the Principal Officer of Smithsonian Institution.
Official website here: www.si.edu
What is the revenue of Smithsonian Institution?
Smithsonian Institution's revenue in 2022 was $1,855,983,046.
Official website here: www.si.edu
Who are the executives of Smithsonian Institution and what are their salaries?
The average compensation at Smithsonian Institution during 2022 was $82,244. There are 6834 employees and 70423 volunteers at Smithsonian Institution.
Here are 48 key members and their salaries:
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- Other: $82,026
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- Compensation: $199,227
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- Compensation: $325,706
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- Other: $72,105
- Compensation: $196,734
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- Other: $39,763
- Compensation: $227,099
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- Other: $20,728
- Compensation: $195,336
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- Other: $19,873
Official website here: www.si.edu
Where can I find the form 990 for Smithsonian Institution?
Smithsonian Institution's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.si.edu
Learn more at the official website: www.si.edu
Mission Statement of Smithsonian Institution
The Smithsonian Institution, founded on the mission set forth by James Smithson, is committed to increasing and diffusing knowledge. This esteemed organization strives to shape the future by preserving our heritage, discovering new knowledge, and sharing its resources with the world.
With a deep-rooted dedication to education, the Smithsonian designs and executes various public programs and exhibitions, showcasing its vast collections and fostering a thirst for learning among its visitors (refer to schedule for specific details). By preserving the past and exploring the unknown, the Smithsonian aims to enrich the human experience and inspire innovation.
In pursuit of knowledge, the Smithsonian Institution invests significant resources in research and discovery. Its experts delve into various fields, from archaeology and natural sciences to art and history, shedding light on new findings and expanding our collective understanding of the world. By sharing these discoveries with the public, the Smithsonian fosters a global community of learners, passionate about the wonders of our world and the potential for continued discovery.
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Impact
October, 2024
The Smithsonian Institution significantly impacts society by advancing education, preserving cultural heritage, and fostering public engagement through its vast array of educational programs and exhibitions. Its mission, grounded in the vision of James Smithson to "increase and diffusion of knowledge," drives efforts to explore and share new discoveries while providing a platform for understanding our collective history. Located in Washington, DC, the Smithsonian attracts millions of visitors each year, enriching their knowledge and appreciation of the arts and sciences. By shaping the future through the preservation of heritage and the exploration of new knowledge, the Smithsonian serves as a vital resource that connects individuals and communities with a deeper understanding of their world.
This information is meant to be a general summary of Smithsonian Institution. 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: $269,279,800
- Program Service Revenue: $92,495,451
- Gross Receipts: $2,364,258,676
Assets and Liabilities:
- Total Assets: $6,953,060,016
- Total Liabilities: $1,542,889,062
- Net Assets: $5,410,170,954
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VISITORS/MEMBERS/EMPLO
Revenue
$53,362,216
SUBSCRIPTIONS-MAGAZINE
Revenue
$23,835,059
TOURS/CLASSES
Revenue
$9,412,406
THEATER INCOME
Revenue
$2,888,955
TRAVELING EXHIBITIONS
Revenue
$2,766,815
Organization Details
Founding Year
1846
Phone
(202) 633-1000Principal Officer
Lonnie G Bunch Iii
Main Address
1000 JEFFERSON DRIVE SW, WASHINGTON, DC, 20560
Website
www.si.eduNTEE Category
Code: A50Z - Arts
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