Overview
What is Virginia Museum Of Transportation Inc?
The Virginia Museum of Transportation Inc, situated in Roanoke, Virginia, serves as an educational institution dedicated to preserving and showcasing exhibits related to transportation history, with a focus on Virginia's transportation heritage. As a nonprofit organization, they are committed to the preservation of transportation history, aiming to educate both present and future generations about various modes of transportation. Their mission extends beyond Virginia's borders, incorporating significant national and international objects to enrich their interpretive programs. With a team of 20 employees, the museum plays a vital role in maintaining and sharing the rich history of transportation.
Official website here: www.vmt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
The Virginia Museum of Transportation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This high score is based entirely on a single beacon score, with a perfect score of 96% in accountability and finance. Such a rating indicates that the organization operates with a high level of transparency and fiscal responsibility.
Strengths of the Virginia Museum of Transportation include its fully independent board, which consists of 19 members, all of whom are independent. The organization has also demonstrated excellent financial practices, such as a low liabilities to assets ratio of 9.80% and a program expense ratio of 84.27%, meaning a significant portion of its expenditures directly supports its programs. Additionally, it has established effective policies regarding conflict of interest, whistleblowing, and document retention.
While the data highlights numerous strengths, it's primarily focused on financial accountability and governance. There are no notable limitations mentioned, but potential donors may want to explore the museum's programmatic impact and outreach efforts beyond financial metrics to gain a more comprehensive understanding of its contributions to the community.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Museum Of Transportation Inc legitimate?
Virginia Museum Of Transportation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Museum Of Transportation 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: $69,479
Professional Fundraising Fees: $0
Other Salaries and Wages: $335,286
For more financial information, click here
Official website here: www.vmt.org
What is the mission statement of Virginia Museum Of Transportation Inc?
The Virginia Museum of Transportation Inc. is dedicated to preserving and interpreting the history of various modes of transportation. Its mission is to benefit both current and future generations by showcasing the heritage of transportation, supplementing its collections with significant national and international objects. By doing so, the museum aims to enhance its educational programs, focusing on Virginia's transportation history. As an educational institution, the Virginia Museum of Transportation collects and preserves exhibits related to the history and technology of all forms of transportation, with a particular emphasis on Virginia's transportation history.
Official website here: www.vmt.org
What is the revenue of Virginia Museum Of Transportation Inc?
Virginia Museum Of Transportation Inc's revenue in 2024 was $2,048,434.
Official website here: www.vmt.org
Who are the executives of Virginia Museum Of Transportation Inc and what are their salaries?
The average compensation at Virginia Museum Of Transportation Inc during 2024 was $25,298. There are 16 employees and 125 volunteers at Virginia Museum Of Transportation Inc.
Here are 16 key members and their salaries:
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Official website here: www.vmt.org
Where can I find the form 990 for Virginia Museum Of Transportation Inc?
Virginia Museum Of Transportation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.vmt.org
Learn more at the official website: www.vmt.org
Mission Statement of Virginia Museum Of Transportation Inc
The Virginia Museum of Transportation Inc is dedicated to preserving and interpreting the legacy of various modes of transportation across Virginia, benefiting both current and future generations. This educational institution collects and safeguards exhibits that delve into the history and technology of transportation, with a particular focus on Virginia's transportation heritage. The museum supplements its collections with significant national and international artifacts to enrich its interpretive programs, thereby contributing to a broader understanding of transportation history.
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Impact
July, 2024
The Virginia Museum of Transportation Inc plays a vital role in preserving transportation history, particularly emphasizing Virginia's rich transportation heritage. By collecting and preserving exhibits related to all forms of transportation, the museum serves as an educational institution that benefits present and future generations. Additionally, the museum enhances its interpretive programs by supplementing its collections with significant national and international objects. Through its mission to preserve and interpret transportation heritage, the Virginia Museum of Transportation Inc makes a lasting impact on the community and beyond.
This information is meant to be a general summary of Virginia Museum Of Transportation 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 2024.
- Investment Income: $9,763
- Program Service Revenue: $1,426,689
- Gross Receipts: $2,327,942
Assets and Liabilities:
- Total Assets: $7,208,789
- Total Liabilities: $56,192
- Net Assets: $7,152,597
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EXCURSION REVENUE
Revenue
$1,057,226
ADMISSIONS
Revenue
$303,988
OTHER PROGRAM SERVICE
Revenue
$48,481
MEMBERSHIP DUES
Revenue
$16,994
Organization Details
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