Overview
What is Sumter County Museum Foundation?
The Sumter County Museum Foundation is a nonprofit organization, specifically identified as a 501(c)(3), situated in Sumter, South Carolina. Their primary mission is to financially support the Sumter County Museum, an institution dedicated to preserving historical items. By providing financial aid, the foundation helps maintain the museum's operations and assists in achieving its objectives. The foundation's activities are centered around strengthening the museum, ensuring its continued success and upholding its commitment to preserving local history.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating) with an overall score of 67%. This rating indicates that the Sumter County Museum Foundation has room for growth, particularly in transparency and governance practices. While the organization has a solid program expense ratio of 69.62%, which reflects a commitment to its mission, its lack of financial statements and essential policies raises concerns about accountability.
There are strengths in the governance structure, as the museum foundation boasts a fully independent board, ensuring a level of oversight. Additionally, there are no reported material diversions of assets, which is a positive indicator of financial integrity. However, the absence of critical documents like a conflict of interest policy and whistleblower policy suggests that the organization may not be fully adhering to best practices in nonprofit governance.
The foundation's financial health is reflected in a low liabilities to assets ratio of 0.56%, which further illustrates its stability. However, the missing elements on their website, including financial statements and tax forms, hinder transparency and the public's ability to assess the organization fully. Addressing these limitations could enhance their overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Sumter County Museum Foundation legitimate?
Sumter County Museum Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sumter County 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.
Heare are some key statistics you may want to consider:
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What is the mission statement of Sumter County Museum Foundation?
The Sumter County Museum Foundation's primary role is to provide financial support for the Sumter County Museum. Their mission is centered around aiding this 501(c)(3) organization in maintaining its operations and upholding its objectives of preserving historical items. The foundation serves as a crucial financial backbone, contributing resources to ensure the museum continues its mission of historical conservation and education.
What is the revenue of Sumter County Museum Foundation?
Sumter County Museum Foundation's revenue in 2023 was $751,379.
Who are the executives of Sumter County Museum Foundation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Sumter County Museum Foundation?
Sumter County Museum Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Sumter County Museum Foundation
The Sumter County Museum Foundation's primary mission is to extend financial aid to the Sumter County Museum, a 501(c)(3) organization. This nonprofit entity's purpose is to provide the museum with the necessary resources to sustain its operations and uphold its goal of preserving various items. By offering financial support, the Sumter County Museum Foundation plays a vital role in ensuring the museum's continued success and commitment to preserving historical artifacts and stories.
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Impact
July, 2024
The Sumter County Museum Foundation's impact can be seen in the crucial financial support it provides to the Sumter County Museum. By offering resources to this organization, the Foundation plays a vital role in maintaining the museum's operations and supporting its mission of preserving historical items. This support helps the Sumter County Museum to continue its educational and cultural initiatives, benefiting the community and enriching the local arts scene.
This information is meant to be a general summary of Sumter County 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 2023.
- Investment Income: $227,019
- Gross Receipts: $2,297,460
Assets and Liabilities:
- Total Assets: $5,997,129
- Total Liabilities: $34,586
- Net Assets: $5,962,543
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Organization Details
Founding Year
1988
Principal Officer
Frank O Edwards
NTEE Category
Code: A11 - Arts
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