Overview
What is Old Island Restoration Foundation?
The Old Island Restoration Foundation is a nonprofit organization situated in Key West, Florida. With a team of nine dedicated individuals, its primary focus is the preservation and maintenance of The Oldest House Museum, which is situated on Duval Street. This historical site serves as a significant attraction for visitors, contributing to the cultural richness of the area. The foundation's mission revolves around the upkeep and operation of this museum, ensuring its continued relevance and accessibility to the public.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (71%, Two-Star out of Four Star rating)
The Old Island Restoration Foundation has received a Two-Star rating from Charity Navigator, reflecting a need for improvement in its accountability and transparency practices. While the organization has achieved a strong program expense ratio of 85.03%, indicating that a significant portion of its funds is directed towards its mission, it lacks essential financial disclosures, such as publicly available financial statements and tax forms.
Strengths of the organization include a fully independent board and a solid liabilities to assets ratio of 0.96%, demonstrating fiscal responsibility. The foundation has also established a conflict of interest policy, which is crucial for maintaining ethical governance. However, the absence of a whistleblower policy and missing documentation related to retention, destruction, and financial transparency points to areas that require immediate attention to enhance trust and credibility.
Overall, while the Old Island Restoration Foundation shows promise in its financial management and program effectiveness, addressing its shortcomings in transparency and governance will be vital for improving its rating and gaining greater public trust. Enhancing these practices can help the organization better communicate its impact and foster more robust community support.
This AI summary has been generated from information found on Charity Navigator.
Is Old Island Restoration Foundation legitimate?
Old Island Restoration Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old Island Restoration 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $141,282
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What is the mission statement of Old Island Restoration Foundation?
The Old Island Restoration Foundation's mission is centered around the preservation and maintenance of a significant historical site. Specifically, they are responsible for overseeing the operation of The Oldest House Museum situated on Duval Street. Their primary goal is to ensure the ongoing upkeep and maintenance of this historical landmark, thereby preserving its historical integrity for future generations to appreciate and learn from.
Who is the CEO of Old Island Restoration Foundation?
Nance Frank is the Secretary of Old Island Restoration Foundation.
What is the revenue of Old Island Restoration Foundation?
Old Island Restoration Foundation's revenue in 2022 was $848,833.
Who are the executives of Old Island Restoration Foundation and what are their salaries?
The average compensation at Old Island Restoration Foundation during 2022 was $15,698. There are 9 employees and 120 volunteers at Old Island Restoration Foundation.
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Where can I find the form 990 for Old Island Restoration Foundation?
Old Island Restoration Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Old Island Restoration Foundation
The Old Island Restoration Foundation is dedicated to ensuring the upkeep and maintenance of a historical landmark known as The Oldest House Museum, located in Key West, Florida. Their mission revolves around preserving this significant site for future generations to appreciate and learn from its rich history. By meticulously maintaining the museum, the foundation seeks to preserve not only the physical structure but also the stories and memories it holds, thereby contributing to the broader cultural heritage.
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Impact
July, 2024
The Old Island Restoration Foundation's impact can be seen through its dedication to the operation and maintenance of The Oldest House Museum in Key West, Florida. The foundation works tirelessly to preserve this historical site, allowing visitors to experience and learn about the rich history of the area. Through their efforts, they contribute to the preservation of local heritage and culture, making a lasting impact on the community and beyond.
This information is meant to be a general summary of Old Island Restoration 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: $461
- Program Service Revenue: $62,558
- Gross Receipts: $904,818
Assets and Liabilities:
- Total Assets: $876,076
- Total Liabilities: $8,450
- Net Assets: $867,626
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
House & Garden Tours
Revenue
$45,023
Oldest House Admissions
Revenue
$17,535
Organization Details
Phone
(305) 294-9501Principal Officer
Nance Frank
Main Address
PO BOX 689, KEY WEST, FL, 33041
NTEE Category
Code: A80 - Arts
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