Overview
What is Point Pleasant River Museum Foundation Inc?
Point Pleasant River Museum Foundation Inc is a nonprofit organization situated in Point Pleasant, West Virginia. Their primary mission lies in establishing and managing a museum, showcasing local history and artifacts. Unfortunately, a fire occurred on July 1, 2018, causing damage to their building. Despite this setback, the foundation is actively working on rebuilding the museum, with the stored artifacts serving as a testament to their commitment to preserving local heritage. With a team of three dedicated individuals, the Foundation continues its mission, albeit temporarily relocated.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%, Zero-Star out of Four Star rating.
The Point Pleasant River Museum Foundation Inc has received a low rating primarily due to its poor performance in accountability and finance metrics. While the organization has a strong independent board, with 94% of its members being independent, it lacks essential governance policies and transparency in its operations, contributing to a significantly low overall score.
Strengths of the organization include a complete absence of material diversion of assets and well-documented board meeting minutes. However, the foundation's weaknesses are apparent in areas such as missing conflict of interest and whistleblower policies, which raise concerns about organizational governance. Additionally, the absence of a website listed on their tax form and missing financial documents on their website further undermine their accountability.
Overall, the museum foundation's low program expense ratio of 33.38% indicates that a significant portion of its funds may not be directed towards its programmatic activities, which is a key factor in evaluating nonprofit effectiveness. Without addressing these governance and transparency issues, the foundation may struggle to improve its standing and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Point Pleasant River Museum Foundation Inc legitimate?
Point Pleasant River Museum Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Point Pleasant River Museum 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: $20,386
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,084
For more financial information, click here
What is the mission statement of Point Pleasant River Museum Foundation Inc?
The Point Pleasant River Museum Foundation Inc's mission involves establishing and managing a museum. Despite a setback with a fire on July 1, 2018, which resulted in the museum's closure, the foundation is currently in the process of rebuilding and restoring its operations. The objective remains the same, which is to operate a museum, preserving and showcasing various artifacts related to the river. Despite the temporary setback, the foundation is committed to reviving and continuing its mission.
Who is the CEO of Point Pleasant River Museum Foundation Inc?
James Mccormick is the Executive Director of Point Pleasant River Museum Foundation Inc.
What is the revenue of Point Pleasant River Museum Foundation Inc?
Point Pleasant River Museum Foundation Inc's revenue in 2022 was $486,936.
Who are the executives of Point Pleasant River Museum Foundation Inc and what are their salaries?
The average compensation at Point Pleasant River Museum Foundation Inc during 2022 was $10,157. There are 3 employees and 100 volunteers at Point Pleasant River Museum Foundation Inc.
Here are 17 key members and their salaries:
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Where can I find the form 990 for Point Pleasant River Museum Foundation Inc?
Point Pleasant River Museum Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Point Pleasant River Museum Foundation Inc
Point Pleasant River Museum Foundation Inc's mission revolves around establishing and managing a museum. Unfortunately, their museum suffered a setback on July 1, 2018, as a fire caused significant damage. Despite this unfortunate incident, the foundation is currently in the process of rebuilding the museum. While the museum is under construction, the organization has safeguarded its artifacts and is meticulously working towards restoring it to its former glory. The Point Pleasant River Museum Foundation Inc's mission remains unwavering, focused on the revival of their museum and the continued sharing of historical and cultural knowledge it represents.
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Impact
July, 2024
Point Pleasant River Museum Foundation Inc's impact is centered around the operation of a river museum in Point Pleasant, West Virginia. The museum serves as a platform for showcasing artifacts related to the region's rich history and culture. Despite facing adversity due to a fire that destroyed the museum building on July 1, 2018, the organization is resilient and is currently in the process of rebuilding.
Although the museum is not currently open to visitors, the foundation's efforts to preserve and protect historical artifacts demonstrate a commitment to education, preservation, and promoting the arts within the community. Through their work, they contribute to maintaining the cultural heritage of Point Pleasant and preserving it for future generations to appreciate and learn from.
This information is meant to be a general summary of Point Pleasant River Museum 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: $2,248
- Gross Receipts: $508,206
Assets and Liabilities:
- Total Assets: $1,383,757
- Total Liabilities: $373
- Net Assets: $1,383,384
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Organization Details
Founding Year
1972
Phone
(304) 675-3100Principal Officer
James Mccormick
Main Address
3301 Jackson Avenue, Point Pleasant, WV, 25550
NTEE Category
Code: A50 - Arts
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