Overview
What is Polk Museum Of Art Inc?
Polk Museum of Art Inc, located in Lakeland, Florida, is a renowned nonprofit organization that prioritizes the appreciation and understanding of arts and art history. Accredited by the American Alliance of Museums and partnering with the Smithsonian Institution and Florida Southern College, this museum serves as an academic community museum, catering to learners of all ages. Its mission is to educate and inspire the community through diverse exhibitions, the careful preservation of a substantial collection of over 3,000 works, and engaging events. The museum, with 32 employees, strives to enhance the lives of its varied communities by fostering connections between people and art. It operates as Polk Museum of Art at Florida Southern College, contributing significantly to the cultural landscape of Florida.
Official website here: www.polkmuseumofart.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Polk Museum of Art Inc has received a two-star rating from Charity Navigator, indicating that the organization is in need of improvement with an overall score of 60%. The museum demonstrates strong governance with an independent board, effective conflict of interest and whistleblower policies, and transparent financial practices. However, its financial performance raises concerns, particularly with a low program expense ratio of 48.95% and a liabilities to assets ratio of 16.01%, both of which detract from its overall financial health.
The organization's strengths include a fully independent board and a robust audit and oversight committee, which scored perfectly in these areas. Their commitment to transparency is evident through the availability of financial documents on their website. Such governance practices are critical for building trust with donors and the public.
Despite these strengths, the financial metrics suggest that the museum may not be effectively channeling funds towards its programs, which could impact its mission and effectiveness. The high salaries of key personnel compared to program expenses might also raise questions about resource allocation. As the Polk Museum of Art seeks improvements, addressing these financial challenges will be essential for enhancing its impact and sustainability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Polk Museum Of Art Inc?
88% of 673 reviewers on Facebook recommend the Polk Museum of Art. Here’s a summary of their thoughts:
Many visitors express a deep appreciation for the director, Dr. Alexander Rich, noting his passion and extensive knowledge of art and its history. The museum’s online seminars have received positive remarks, highlighting a commitment to educational outreach. Patrons also enjoy the monthly membership events, which provide a relaxed atmosphere to explore exhibitions while enjoying refreshments.
The gift shop is frequently mentioned as a great convenience, offering an array of items at reasonable prices. Overall, the Polk Museum of Art is regarded as a valuable destination, with many encouraging others to include it on their Florida itineraries.
This AI summary has been generated from reviews found on Facebook.
Is Polk Museum Of Art Inc legitimate?
Polk Museum Of Art Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Polk Museum Of Art 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: $65,347
Professional Fundraising Fees: $0
Other Salaries and Wages: $473,351
For more financial information, click here
Official website here: www.polkmuseumofart.org
What is the mission statement of Polk Museum Of Art Inc?
The Polk Museum of Art Inc, serving as a leading arts institution in Florida, aims to educate and inspire the community through diverse and creative exhibitions. The museum acquires and preserves a permanent art collection, enhancing public and academic appreciation of the arts. It improves the quality of life by providing cultural and visual arts programming. Accredited by the American Alliance of Museums, the Polk Museum of Art also partners with the Smithsonian Institution and Florida Southern College, serving as an academic community museum. It engages learners of all ages and has established itself as a respected and well-known resource for exceptional arts experiences, attracting visitors from around the globe.
Official website here: www.polkmuseumofart.org
Who is the CEO of Polk Museum Of Art Inc?
Dr H Alexander Rich is the Chair of Polk Museum Of Art Inc.
Official website here: www.polkmuseumofart.org
What is the revenue of Polk Museum Of Art Inc?
Polk Museum Of Art Inc's revenue in 2022 was $783,619.
Official website here: www.polkmuseumofart.org
Who are the executives of Polk Museum Of Art Inc and what are their salaries?
The average compensation at Polk Museum Of Art Inc during 2022 was $16,834. There are 32 employees and 100 volunteers at Polk Museum Of Art Inc.
Here are 10 key members and their salaries:
- Compensation: $0
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- Other: $0
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- Related: $541,281
- Other: $46,477
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $309,718
- Other: $34,484
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $105,000
- Other: $13,674
Official website here: www.polkmuseumofart.org
Where can I find the form 990 for Polk Museum Of Art Inc?
Polk Museum Of Art Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.polkmuseumofart.org
Learn more at the official website: www.polkmuseumofart.org
Mission Statement of Polk Museum Of Art Inc
The Polk Museum of Art Inc, serving as a leader in Florida's arts scene, strives to educate and inspire its community through a diverse range of creative exhibitions and the preservation of a substantial permanent collection. This esteemed institution is dedicated to fostering cultural alliances and organizing captivating events and programs. By offering a public and academic space for appreciating art and art history, the Polk Museum of Art aims to enhance the quality of life within its community and beyond, through its extensive cultural and visual arts programming.
Accredited by the American Alliance of Museums and partnering with prestigious organizations such as the Smithsonian Institution and Florida Southern College, the Polk Museum of Art prides itself on its role as an academic community museum. It is committed to engaging learners of all ages and has amassed a collection featuring nearly 3,000 works of art, providing visitors from around the globe with exceptional arts experiences. Year-round exhibitions and educational programming at the museum attract a wide audience, solidifying its reputation as a respected and well-known resource for arts enthusiasts.
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Impact
July, 2024
The Polk Museum of Art Inc enhances the lives of our varied communities by bringing people and art together. Through its primary program, the museum provides a facility for public and academic appreciation of the arts and art history with the aim of improving the quality of life in the community and beyond. The museum is accredited by the American Alliance of Museums and partners with the Smithsonian Institution as a Smithsonian Affiliate Museum and with Florida Southern College as its College Museum. This academic community museum serves and engages learners of all ages through its collection of nearly 3,000 works of art and year-round exhibition and educational programming. The museum's commitment to diverse exhibitions, the care of its permanent collection, cultural alliances, and compelling events and programs establish it as an arts leader in Florida, educating and inspiring the community.
This information is meant to be a general summary of Polk Museum Of Art 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: -$501,158
- Program Service Revenue: $85,648
- Gross Receipts: $2,911,922
Assets and Liabilities:
- Total Assets: $5,830,841
- Total Liabilities: $601,886
- Net Assets: $5,228,955
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUMMER CAMPS
Revenue
$54,235
CLASSES AND WORKSHOPS
Revenue
$31,413
Organization Details
Founding Year
1966
Phone
(863) 688-7743Principal Officer
Dr H Alexander Rich
Main Address
800 EAST PALMETTO STREET, LAKELAND, FL, 338015529
Website
www.polkmuseumofart.orgNTEE Category
Code: A510 - Arts
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