Overview
What is The Morikami Inc?
The Morikami Inc, based in Delray Beach, Florida, is a nonprofit organization that plays a significant role in maintaining and enhancing the Morikami Museum. The museum, spanning over 32,000 square feet, is dedicated to preserving and educating the public about Japanese customs and culture. Through an agreement with Palm Beach County, The Morikami Inc provides financial and operational support, ensuring the facility's upkeep, maintenance, and improvements. With a team of 37 dedicated individuals, they contribute to the museum's mission of fostering an appreciation for Japanese heritage.
Official website here: www.morikami.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Morikami Inc has achieved a strong Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scored 92% overall, with a perfect score in areas such as governance, financial oversight, and the absence of material diversions of assets. This demonstrates effective management practices and a commitment to transparency.
Strengths of the organization include a fully independent board and excellent scores in financial ratios, such as a low liabilities to assets ratio of 6.95% and a strong program expense ratio of 69.15%. The fundraising efficiency ratio is also commendable, at $0.20, showing that the nonprofit effectively utilizes its resources to raise funds while maintaining low operational costs.
While the data reflects positively on The Morikami Inc, it is important to consider that the overall score is based solely on accountability and finance measures. There may be other factors influencing the effectiveness of their programs and impact that are not captured in this rating system. Nonetheless, the financial health of the organization positions it well for continued operation and service delivery.
This AI summary has been generated from information found on Charity Navigator.
Is The Morikami Inc legitimate?
The Morikami Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Morikami 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,398,363
For more financial information, click here
Official website here: www.morikami.org
What is the mission statement of The Morikami Inc?
The Morikami Inc's mission is centered around supporting and enhancing the operations of the Morikami Museum. The primary objective of this museum is to preserve and educate the public about Japanese customs and culture. In fulfilling its role, The Morikami Inc contributes financially and operationally to the maintenance, upkeep, and improvements of the museum's 32,000 square foot facility, effectively aiding in its upkeep and operation. The organization's activities are geared towards preserving and disseminating knowledge about Japanese culture, thereby promoting cultural awareness and education.
Official website here: www.morikami.org
What is the revenue of The Morikami Inc?
The Morikami Inc's revenue in 2023 was $2,313,599.
Official website here: www.morikami.org
Who are the executives of The Morikami Inc and what are their salaries?
The average compensation at The Morikami Inc during 2023 was $42,375. There are 33 employees and 131 volunteers at The Morikami Inc.
Here are 6 key members and their salaries:
- Compensation: $87,808
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.morikami.org
Where can I find the form 990 for The Morikami Inc?
The Morikami Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.morikami.org
Learn more at the official website: www.morikami.org
Mission Statement of The Morikami Inc
The Morikami Inc, a nonprofit organization, is dedicated to supporting and enhancing the operation of the Morikami Museum. This museum's primary purpose is to preserve and educate the public about Japanese customs and culture. By entering into an agreement with Palm Beach County, The Morikami Inc contributes financially and operationally to the maintenance, upkeep, and improvements of the 32,000 square foot museum facility. In essence, The Morikami Inc plays a pivotal role in preserving and disseminating knowledge about Japanese culture, ensuring the museum remains in optimal condition to serve its visitors.
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Impact
July, 2024
The Morikami Inc's impact is significant in supporting and enhancing the operation of the Morikami Museum in Delray Beach, Florida. Through financial assistance and operational support, The Morikami Inc contributes to the maintenance, upkeep, and improvements of the 32,000 sq ft museum facility. This helps in preserving and providing education about Japanese customs and culture to the community. Overall, The Morikami Inc plays a crucial role in ensuring the sustainability and accessibility of the museum, enriching the cultural landscape in the region.
This information is meant to be a general summary of The Morikami 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 2023.
- Investment Income: $179,643
- Program Service Revenue: $199,205
- Gross Receipts: $2,808,091
Assets and Liabilities:
- Total Assets: $8,394,072
- Total Liabilities: $610,596
- Net Assets: $7,783,476
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Educational Programs
Revenue
$199,205
Organization Details
Founding Year
1977
Principal Officer
Randall T Baker
Website
www.morikami.orgNTEE Category
Code: A500 - Arts
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