Overview
What is Museum Of Science & Industry Endowment Inc?
Museum of Science & Industry Endowment Inc, situated in Tampa, Florida, serves as a vital supporter of the Museum of Science and Industry's operations and programs. Its mission is to standardize and formalize the administration of contributions to the museum, ensuring that funds not associated with annual operations are managed effectively. By doing so, the endowment contributes to the museum's continued success and growth, enriching the educational experiences it offers to visitors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78%, Three-Star out of Four Stars
The Museum of Science & Industry Endowment Inc receives a solid Three-Star rating, reflecting its commitment to accountability and finance. The overall score is attributed entirely to its Accountability & Finance measures, indicating that the organization has a strong foundation in these areas, with no material diversions of assets and a fully independent board consisting of 14 members. However, it does have a lower program expense ratio at 57.10%, suggesting that a significant portion of their resources may not be allocated directly to programs.
User feedback highlights the endowment's crucial role in supporting educational initiatives within the community. One donor shared their positive experience, emphasizing the importance of establishing a substantial endowment to facilitate scholarships for local youth to access the science center's offerings. They noted the opportunity for donors to create their own endowment accounts, which adds a personalized element to supporting the institution.
Overall, while the Museum of Science & Industry Endowment Inc demonstrates strong principles of financial governance, there is room for improvement in how much of its funds are channeled directly into its educational programs. Continued donor engagement and the establishment of specific funds may help bolster its contributions to community educational efforts.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Museum Of Science & Industry Endowment Inc legitimate?
Museum Of Science & Industry Endowment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Museum Of Science & Industry Endowment 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: $0
For more financial information, click here
What is the mission statement of Museum Of Science & Industry Endowment Inc?
The Museum of Science & Industry Endowment Inc's mission is centered around supporting the Museum of Science and Industry, Inc. More specifically, its purpose is to standardize and formalize the administration of contributions to this museum that are not tied to its annual operations. This endowment aims to provide financial backing for the museum's operations and programs. By doing so, it contributes to the continued success and growth of the Museum of Science and Industry, Inc. and its educational initiatives.
Who is the CEO of Museum Of Science & Industry Endowment Inc?
John Graydon Smith is the Former President/Ceo of Museum Of Science & Industry Endowment Inc. The CEO's salary of Museum Of Science & Industry Endowment Inc is $0 and their total compensation is $0.
What is the revenue of Museum Of Science & Industry Endowment Inc?
Museum Of Science & Industry Endowment Inc's revenue in 2022 was $9,679.
Who are the executives of Museum Of Science & Industry Endowment Inc and what are their salaries?
There 4 volunteers at Museum Of Science & Industry Endowment Inc.
Here are 6 key members and their salaries (Museum Of Science & Industry Endowment Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $93,813
- Other: $0
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- 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
Where can I find the form 990 for Museum Of Science & Industry Endowment Inc?
Museum Of Science & Industry Endowment Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Museum Of Science & Industry Endowment Inc
Museum of Science & Industry Endowment Inc, as its mission states, is dedicated to standardizing and formalizing the administration of contributions to the Museum of Science and Industry, Inc., beyond their annual operations. This organization's primary objective is to provide support for the museum's operations and programs, ensuring that the institution has the necessary resources to thrive and continue its educational initiatives. By standardizing and formalizing the contribution process, the Museum of Science & Industry Endowment Inc plays a crucial role in ensuring the museum's long-term sustainability and success.
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Impact
August, 2024
The Museum Of Science & Industry Endowment Inc's impact includes providing crucial support to the Museum of Science and Industry, Inc. in Tampa, Florida. By formalizing and standardizing contributions that are separate from the annual operations, the endowment ensures sustainability and growth for the museum's operations and programs. Through its efforts, the endowment helps the museum continue to serve the community by offering enriching experiences in the arts and sciences.
This information is meant to be a general summary of Museum Of Science & Industry Endowment 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: $9,415
- Gross Receipts: $9,679
Assets and Liabilities:
- Total Assets: $2,572,313
- Total Liabilities: $0
- Net Assets: $2,572,313
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Organization Details
Founding Year
1994
Phone
(813) 987-6300Principal Officer
John Graydon Smith
Main Address
4801 EAST FOWLER AVENUE, TAMPA, FL, 33617
NTEE Category
Code: A57 - Arts
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