Overview
What is Speed Art Museum?
The Speed Art Museum, located at 2035 South Third Street in Louisville, Kentucky (40208), is a nonprofit institution dedicated to showcasing and preserving art for the public. With a team of 171 employees, the museum ensures the safety and maintenance of its extensive collection through security personnel, technology, and state-of-the-art temperature and humidity control systems. The Speed Art Museum invites everyone, regardless of their art knowledge or background, to explore and find inspiration in its modern architecture, interactive exhibits, and inviting outdoor spaces. Committed to making the museum accessible to all, the Speed is actively promoting diversity, equity, accessibility, and inclusion within its community.
Official website here: www.speedmuseum.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100%, Four-Star out of Four Star rating.
The Speed Art Museum has received a perfect score of 100% from Charity Navigator, highlighting its strong commitment to accountability and financial transparency. This high rating reflects the organization’s overall responsibility in managing its resources and adherence to best practices, including a fully independent board and compliance with essential financial policies.
Strengths noted include a high program expense ratio of 81.54%, indicating that the majority of funds are allocated directly to programs rather than administrative costs. Additionally, the museum demonstrates exceptional fundraising efficiency, with only $0.12 spent to raise each dollar, showcasing effective resource management. The organization has robust policies in place, including conflict of interest and whistleblower protections, which further reinforce its integrity.
There are no significant limitations mentioned in the available data, underscoring the museum's exemplary operational standards. Overall, the Speed Art Museum stands out as a well-managed nonprofit with a clear focus on its mission and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Speed Art Museum legitimate?
Speed Art Museum is a legitimate nonprofit organization registered as a 501(c)(3) entity. Speed Art Museum 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: $423,877
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,771,088
For more financial information, click here
Official website here: www.speedmuseum.org
What is the mission statement of Speed Art Museum?
The Speed Art Museum invites everyone to celebrate art at their own pace. Regardless of one's familiarity with art, the museum offers fresh inspiration and meaning through modern architecture, interactive exhibits, and inviting outdoor spaces. The museum aims to be a welcoming place for the entire community, working towards diversity, equity, accessibility, and inclusion. With expanded programming, visitors can create unique connections and experience art in a personal way.
Official website here: www.speedmuseum.org
What is the revenue of Speed Art Museum?
Speed Art Museum's revenue in 2023 was $13,056,677.
Official website here: www.speedmuseum.org
Who are the executives of Speed Art Museum and what are their salaries?
The average compensation at Speed Art Museum during 2023 was $30,380. There are 171 employees and 37 volunteers at Speed Art Museum.
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Official website here: www.speedmuseum.org
Where can I find the form 990 for Speed Art Museum?
Speed Art Museum's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.speedmuseum.org
Learn more at the official website: www.speedmuseum.org
Mission Statement of Speed Art Museum
The Speed Art Museum is a dynamic cultural institution that invites everyone to celebrate art at their own pace. This esteemed organization offers a welcoming environment for art enthusiasts and novices alike, providing opportunities to discover new inspirations and meanings through its modern architecture, interactive exhibits, and inviting outdoor spaces. The museum's mission is geared towards making art accessible and inclusive for all members of the community.
At the Speed Art Museum, visitors can explore a diverse range of artistic works that cater to various interests and backgrounds. The museum's commitment to modern architecture and expanded programming creates an engaging atmosphere that encourages personal connections with art. Interactive exhibits allow visitors to engage with art in unique ways, fostering a deeper appreciation for the creative process. The museum's inviting outdoor spaces serve as a haven for relaxation and reflection, offering a peaceful respite from the bustle of daily life.
Moreover, the Speed Art Museum prioritizes the safety and welcoming nature of its space for everyone in the community. The organization's dedication to diversity, equity, accessibility, and inclusion is reflected in its ongoing efforts to make the museum an inclusive and welcoming environment for all. By providing opportunities for everyone to create their own connections with art, the Speed Art Museum fosters a sense of community and encourages dialogue and understanding among its visitors.
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Impact
October, 2024
The Speed Art Museum significantly enriches the community by making art accessible and engaging for everyone, regardless of their prior knowledge. With its modern architecture and inviting outdoor spaces, the museum creates an environment where individuals can forge their own connections with art. The interactive exhibits and expanded programming cater to diverse interests, inviting both art enthusiasts and newcomers to explore and discover meaningful experiences at their own pace.
Additionally, the museum is dedicated to fostering a safe and welcoming atmosphere, prioritizing diversity, equity, accessibility, and inclusion. This commitment ensures that all community members feel valued and represented, enhancing their ability to engage with the museum and its offerings. By maintaining a state-of-the-art facility that protects its art collection while providing an enriching experience for visitors, the Speed Art Museum stands as a vital cultural hub in Louisville, encouraging lifelong appreciation for the arts and inspiring creativity within the community.
This information is meant to be a general summary of Speed Art Museum. 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: $2,562,274
- Program Service Revenue: $549,276
- Gross Receipts: $32,122,445
Assets and Liabilities:
- Total Assets: $127,590,707
- Total Liabilities: $1,261,231
- Net Assets: $126,329,476
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIPS
Revenue
$265,950
ADMISSIONS
Revenue
$264,443
EDUCATION PROGRAMMING
Revenue
$18,883
Organization Details
Founding Year
1933
Principal Officer
Deana Paradis
Website
www.speedmuseum.orgNTEE Category
Code: A510 - Arts
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