Overview
What is Lynchburg Museum Foundation?
The Lynchburg Museum Foundation is a dedicated nonprofit organization, located in Lynchburg, Virginia. Their primary goal is to foster and encourage the progress and enhancement of the Lynchburg Museum System. To achieve this mission, they engage in various activities, such as providing support and assistance, aiming to boost the system's growth and development. The Foundation's work remains instrumental in enriching the cultural landscape of Lynchburg, ensuring that its museums thrive and continue to serve the community.
Official website here: www.lynchburgmuseum.org/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Lynchburg Museum Foundation has received an impressive 97% rating from Charity Navigator, reflecting its strong accountability and financial management practices. This high score is derived solely from a single beacon score, indicating the charity's commitment to transparency and responsible governance. With a focus on accountability, the organization boasts a majority-independent board, with 94% of its members being independent, which is critical for maintaining objectivity in decision-making.
In terms of financial health, the foundation has demonstrated excellent management with a low liabilities to assets ratio of just 0.06%, suggesting a stable financial position. Additionally, the program expense ratio stands at an impressive 91.84%, indicating that a significant portion of its resources is directed towards its mission-driven activities rather than administrative costs. This efficiency enhances the foundation's credibility as a nonprofit focused on delivering value to its stakeholders.
While the data highlights the foundation's strengths in governance and financial management, potential donors and stakeholders should always consider ongoing operational effectiveness and mission alignment. Overall, the Lynchburg Museum Foundation exemplifies a well-managed nonprofit organization with solid practices in place to support its community focus.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lynchburg Museum Foundation?
96% of the 48 reviewers on Facebook recommend the Lynchburg Museum Foundation. Here is a summary of their reviews:
Many visitors express a strong appreciation for the museum, highlighting its impressive features and historical significance. One reviewer noted the staircase and banister as particular favorites, indicating the museum's attention to architectural details and its overall aesthetic appeal.
Overall, there is a sense of pride and satisfaction among patrons who appreciate the museum's role in showcasing the rich history of Lynchburg. The positive sentiments suggest that the Lynchburg Museum Foundation effectively delivers a meaningful and enjoyable experience for its visitors.
This AI summary has been generated from reviews found on Facebook.
Is Lynchburg Museum Foundation legitimate?
Lynchburg Museum Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lynchburg Museum Foundation 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.
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Official website here: www.lynchburgmuseum.org/foundation
What is the mission statement of Lynchburg Museum Foundation?
The Lynchburg Museum Foundation's mission is centrally focused on promoting and aiding the expansion and advancement of the Lynchburg Museum System. This organization undertakes various activities to contribute to the growth and development of the museum system, ensuring its continued success and enrichment. By supporting and assisting in this capacity, the foundation plays a crucial role in preserving and showcasing the region's history and culture, thereby enriching the community's collective knowledge and understanding.
Official website here: www.lynchburgmuseum.org/foundation
Who is the CEO of Lynchburg Museum Foundation?
Laura Crumbley is the Director of Lynchburg Museum Foundation.
Official website here: www.lynchburgmuseum.org/foundation
What is the revenue of Lynchburg Museum Foundation?
Lynchburg Museum Foundation's revenue in 2022 was $50,602.
Official website here: www.lynchburgmuseum.org/foundation
Who are the executives of Lynchburg Museum Foundation and what are their salaries?
Here are 17 key members and their salaries:
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Official website here: www.lynchburgmuseum.org/foundation
Where can I find the form 990 for Lynchburg Museum Foundation?
Lynchburg Museum Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lynchburgmuseum.org/foundation
Learn more at the official website: www.lynchburgmuseum.org/foundation
Mission Statement of Lynchburg Museum Foundation
The Lynchburg Museum Foundation's mission is centered around supporting and aiding in the growth and development of the Lynchburg Museum System. In essence, this nonprofit organization dedicates its efforts to contributing to the expansion and enhancement of the local museum scene. By conducting various activities, the Lynchburg Museum Foundation aims to foster a thriving museum system within its community, without specifying its exact location.
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Impact
August, 2024
The Lynchburg Museum Foundation's impact lies in supporting and enhancing the growth and development of the Lynchburg Museum system. Through its activities, the foundation plays a crucial role in preserving and promoting the cultural heritage and history of Lynchburg, Virginia. Its contributions help in educating and engaging the community about the city's past, present, and future. By supporting the museum system, the foundation fosters a greater sense of pride, appreciation, and understanding of Lynchburg's rich heritage among residents and visitors alike.
This information is meant to be a general summary of Lynchburg Museum Foundation. 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: $5,234
- Gross Receipts: $98,372
Assets and Liabilities:
- Total Assets: $857,879
- Total Liabilities: $575
- Net Assets: $857,304
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Organization Details
Founding Year
1998
Phone
(434) 455-4422Principal Officer
Laura Crumbley
Main Address
PO BOX 529, LYNCHBURG, VA, 24505
NTEE Category
Code: T30 - Philanthropy
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