Overview
What is Lorraine Civil Rights Museum Foundation?
The Lorraine Civil Rights Museum Foundation is a Memphis, Tennessee-based nonprofit organization, located at 450 Mulberry Street. Its primary mission is to honor and preserve the legacy of Dr. Martin Luther King Jr. and chronicle the American civil rights movement. The museum serves as an educational catalyst, inspiring positive social change. In the face of the challenges posed by the COVID-19 pandemic, the institution enjoyed a rebuilding year, with attendance growing from 115,212 to 227,343 by the end of FY2022. This success can be attributed to relief grants, corporate, foundation, and individual donor support. The museum continued its programming virtually throughout most of FY2022, featuring events like the Freedom Award, King Day Celebration, and April 4 Commemoration. In February 2022, the Corporate Equity Center was launched, with a focus on eradicating racism in corporate America and increasing the representation of Black executives in C-suite and senior leadership positions through strategic and culturally relevant leadership development. The National Civil Rights Museum aims to become a nationally recognized center of excellence for thought leadership and equitable solutions to contemporary challenges in civil and human rights.
Official website here: www.civilrightsmuseum.org
What are the reviews and ratings of this charity?
95% rating from Charity Navigator.
The Lorraine Civil Rights Museum Foundation has achieved a Four-Star out of Four Star rating, reflecting its strong commitment to accountability and finance, with an impressive score of 96. This high score is attributed to various factors, including a fully independent board and robust financial oversight measures, indicating a well-governed organization that prioritizes transparency.
Additionally, the foundation's program expense ratio stands at 74.23%, demonstrating that a significant portion of its resources is allocated directly to its mission-driven programs. The organization has also shown a commitment to equity by implementing five equity practices, scoring 81 in the culture and community category, which highlights its focus on inclusivity and outreach.
Despite these strengths, the culture and community score, while positive, suggests there may still be areas for improvement in engaging with the broader community and enhancing its equity strategies further. Overall, the organization exhibits strong governance and financial health, making it a reliable nonprofit dedicated to civil rights education and advocacy.
This AI summary has been generated from information found on Charity Navigator.
Is Lorraine Civil Rights Museum Foundation legitimate?
Lorraine Civil Rights Museum Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lorraine Civil Rights 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:
Executive Compensation: $467,625
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,497,789
For more financial information, click here
Official website here: www.civilrightsmuseum.org
What is the mission statement of Lorraine Civil Rights Museum Foundation?
The Lorraine Civil Rights Museum Foundation is dedicated to preserving and honoring the legacy of the civil rights movement in the United States. Through its exhibits and programming, the museum tells the story of the ongoing struggle for human rights and serves as a catalyst for inspiring positive social change. In a rebuilding year following the impact of the COVID-19 pandemic, the museum saw a significant increase in attendance and financial stability, allowing it to continue its mission virtually and in person. The launch of the Corporate Equity Center marked a new initiative to address racism in corporate America and increase representation of Black executives in leadership positions. The museum aims to become a nationally recognized center of excellence for thought leadership and equitable solutions to address contemporary challenges in civil and human rights.
Official website here: www.civilrightsmuseum.org
Who is the CEO of Lorraine Civil Rights Museum Foundation?
Tsitsi Jones is the Board Member of Lorraine Civil Rights Museum Foundation.
Official website here: www.civilrightsmuseum.org
What is the revenue of Lorraine Civil Rights Museum Foundation?
Lorraine Civil Rights Museum Foundation's revenue in 2022 was $14,748,460.
Official website here: www.civilrightsmuseum.org
Who are the executives of Lorraine Civil Rights Museum Foundation and what are their salaries?
The average compensation at Lorraine Civil Rights Museum Foundation during 2022 was $52,954. There are 56 employees and 269 volunteers at Lorraine Civil Rights Museum Foundation.
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Official website here: www.civilrightsmuseum.org
Where can I find the form 990 for Lorraine Civil Rights Museum Foundation?
Lorraine Civil Rights Museum Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.civilrightsmuseum.org
Learn more at the official website: www.civilrightsmuseum.org
Mission Statement of Lorraine Civil Rights Museum Foundation
The Lorraine Civil Rights Museum Foundation, a prominent institution dedicated to honoring and preserving the legacy of Dr. Martin Luther King, chronicles the American civil rights movement and tells the ongoing story of the struggle for human rights. By serving as a catalyst to inspire action, the Museum educates visitors and generates positive social change.
In the wake of the COVID-19 pandemic, the National Civil Rights Museum (NCRM) experienced a rebuilding year, attracting 227,343 attendees by the end of Fiscal Year 2022 – a significant increase from the 115,212 visits recorded during the pandemic's peak. The Museum's financial stability throughout this period can be attributed to relief grants and unwavering support from corporate, foundation, and individual donors. Despite the challenges, the NCRM continued its programming virtually, hosting notable events such as the Freedom Award, King Day Celebration, and April 4 Commemoration (hybrid event).
In February 2022, the NCRM introduced the Corporate Equity Center – a groundbreaking initiative aimed at eradicating racism in corporate America and increasing the representation of Black executives in C-suite and senior leadership positions. By drawing upon its historical expertise in civil rights and diversity, equity, and inclusion, the Corporate Equity Center offers strategic and culturally relevant leadership development programs. In the coming years, the National Civil Rights Museum aims to become a nationally recognized center of excellence for thought leadership and equitable solutions to address today's challenges in civil and human rights.
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Impact
October, 2024
The Lorraine Civil Rights Museum Foundation profoundly impacts education, social change, and the preservation of history through the National Civil Rights Museum (NCRM) located at the historic Lorraine Motel. By honoring the legacy of Dr. Martin Luther King Jr., the museum chronicles the American Civil Rights Movement and highlights the ongoing struggle for human rights.
In the wake of the COVID-19 pandemic, NCRM demonstrated resilience, significantly increasing attendance from 115,212 to 227,343 in fiscal year 2022. This resurgence was supported by relief grants and the generosity of corporate, foundation, and individual donors. The museum successfully transitioned to virtual programming, maintaining engagement through key events such as the Freedom Award, King Day Celebration, and the April 4 Commemoration.
NCRM has also made strides in addressing contemporary issues related to diversity, equity, and inclusion. The launch of the Corporate Equity Center and its C-Suite Initiative focuses on eradicating racism in corporate America and works to increase representation of Black executives in senior leadership positions. This comprehensive approach not only preserves history but also fosters thought leadership in the pursuit of equitable solutions to today's civil and human rights challenges, positioning NCRM as a nationally recognized center for excellence in these crucial areas.
This information is meant to be a general summary of Lorraine Civil Rights 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: $1,584,870
- Program Service Revenue: $4,642,101
- Gross Receipts: $38,813,174
Assets and Liabilities:
- Total Assets: $35,843,207
- Total Liabilities: $1,504,474
- Net Assets: $34,338,733
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSION FEES
Revenue
$3,391,516
FREEDOM AWARDS
Revenue
$882,981
EDUCATIONAL PROGRAMMING
Revenue
$367,604
Organization Details
Founding Year
1983
Phone
(901) 521-9699Principal Officer
Tsitsi Jones
Main Address
450 MULBERRY STREET, MEMPHIS, TN, 381034214
Website
www.civilrightsmuseum.orgNTEE Category
Code: A540 - Arts
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