Overview
What is Poe Foundation Inc?
The Poe Foundation Inc, situated in Richmond, Virginia, is a nonprofit organization dedicated to honoring the literary legend, Edgar Allan Poe. Their primary mission is to collect and safeguard Poe's literary works. They accomplish this by managing a museum that delves into Poe's life and the era he lived in. By operating this museum, the foundation aims to educate and inspire visitors, providing an insightful journey into Poe's literary world.
Official website here: www.poemuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Poe Foundation Inc has received a strong rating of 92%, reflecting its commitment to accountability and financial transparency. This rating is derived solely from its Accountability & Finance score, indicating that the foundation adheres to high standards in managing resources. Key strengths include a fully independent board, a favorable liabilities to assets ratio, and a commendable program expense ratio of over 80%, showcasing effective allocation of funds to programs.
User feedback highlights the foundation's effective communication and strong donor appreciation, with donors noting prompt thank-you responses and engaging event communications. Reviewers have praised the foundation's role in preserving the legacy of Edgar Allan Poe and enhancing public interest in literature, emphasizing the museum's educational impact and the enriching experiences it offers visitors.
However, while the foundation performs well in most evaluated areas, it lacks a whistleblower policy, which could enhance its governance framework. Overall, the Poe Foundation Inc appears to be a well-managed organization that actively promotes literary heritage and community engagement.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Poe Foundation Inc legitimate?
Poe Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Poe 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: $206,826
For more financial information, click here
Official website here: www.poemuseum.org
What is the mission statement of Poe Foundation Inc?
The Poe Foundation's mission revolves around preserving the works of the renowned author, Edgar Allan Poe. They achieve this by operating a museum, which serves as a platform to exhibit Poe's life and times. By doing so, the foundation aims to safeguard and celebrate the literary legacy of this influential figure in literature. The museum potentially offers valuable insights into Poe's life and creative process, contributing to a better understanding and appreciation of his works.
Official website here: www.poemuseum.org
Who is the CEO of Poe Foundation Inc?
Adam Worchester is the President of Poe Foundation Inc.
Official website here: www.poemuseum.org
What is the revenue of Poe Foundation Inc?
Poe Foundation Inc's revenue in 2022 was $515,989.
Official website here: www.poemuseum.org
Who are the executives of Poe Foundation Inc and what are their salaries?
The average compensation at Poe Foundation Inc during 2022 was $20,683. There are 10 employees and 25 volunteers at Poe Foundation Inc.
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Official website here: www.poemuseum.org
Where can I find the form 990 for Poe Foundation Inc?
Poe Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.poemuseum.org
Learn more at the official website: www.poemuseum.org
Mission Statement of Poe Foundation Inc
The Poe Foundation, a dedicated organization, is committed to acquiring and preserving the works of the renowned poet and writer, Edgar Allan Poe. They achieve this by operating a museum that delves into the life and times of Poe, providing a comprehensive insight into his significant literary contributions. By showcasing various aspects of Poe's life, the foundation aims to ensure his works continue to inspire and captivate audiences, preserving his legacy for future generations.
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Impact
July, 2024
Poe Foundation Inc's impact lies in its commitment to acquiring and preserving the works of Edgar Allan Poe. Through its operating museum in Richmond, VA, the foundation showcases the life and times of Poe, contributing to the preservation and celebration of his legacy. This not only enriches the cultural landscape of the city but also educates and inspires visitors about the renowned author and his significant contributions to the arts.
This information is meant to be a general summary of Poe 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 2022.
- Investment Income: $5,952
- Program Service Revenue: $282,419
- Gross Receipts: $660,464
Assets and Liabilities:
- Total Assets: $1,058,685
- Total Liabilities: $20,243
- Net Assets: $1,038,442
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$218,515
FACILITIES USE
Revenue
$36,234
ONLINE ADMISSIONS
Revenue
$10,654
PROGRAM SERVICE FEES
Revenue
$8,034
SPECIAL EVENTS
Revenue
$7,062
Organization Details
Founding Year
1922
Phone
(804) 648-5523Principal Officer
Adam Worchester
Main Address
1914-16 EAST MAIN STREET, RICHMOND, VA, 23233
Website
www.poemuseum.orgNTEE Category
Code: A540 - Arts
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