Overview
What is Owensboro Area Museum Of Science And History Inc?
The Owensboro Area Museum of Science and History Inc., located at 122 East 2nd St, Owensboro, KY 42303, is a nonprofit organization dedicated to preserving and showcasing the rich history and scientific wonders of the Western Kentucky area. With a team of nine dedicated individuals, they collect, conserve, and exhibit various artifacts and information, providing visitors with an educational and engaging experience. The museum serves as a vital resource for the community, promoting understanding and appreciation of their local heritage.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
The Owensboro Area Museum Of Science And History Inc has achieved a high rating of 90%, signifying a strong commitment to accountability and finance. This rating reflects the organization's diligent management of its resources, particularly highlighted by its perfect scores in areas such as independent board member composition, financial statement integrity, and adherence to conflict of interest policies.
The museum's financial health is bolstered by a low liabilities to assets ratio of 5.21%, indicating effective asset management. Additionally, a program expense ratio of 74.25% suggests that a significant portion of its budget is allocated directly towards fulfilling its mission rather than administrative costs, which is a positive sign for potential donors and stakeholders.
While the museum demonstrates excellent governance and fiscal responsibility, the assessment solely focuses on financial metrics and does not evaluate other critical factors such as program impact or community engagement. Nonetheless, the overall score suggests that the museum operates with a high degree of integrity and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Owensboro Area Museum Of Science And History Inc legitimate?
Owensboro Area Museum Of Science And History Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Owensboro Area Museum Of Science And History 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: $43,395
Professional Fundraising Fees: $0
Other Salaries and Wages: $97,001
For more financial information, click here
What is the mission statement of Owensboro Area Museum Of Science And History Inc?
The Owensboro Area Museum of Science and History Inc serves as a repository for collecting, preserving, and showcasing information and artifacts, with a particular focus on the Western Kentucky region. Its mission is to present these artifacts and offer educational programs to the public, aiming to enrich their understanding of the region's history and culture. The museum's exhibitions and programs aim to engage visitors and foster a deeper appreciation for local history and science.
Who is the CEO of Owensboro Area Museum Of Science And History Inc?
Kathy Olson is the Director of Owensboro Area Museum Of Science And History Inc.
What is the revenue of Owensboro Area Museum Of Science And History Inc?
Owensboro Area Museum Of Science And History Inc's revenue in 2022 was $520,391.
Who are the executives of Owensboro Area Museum Of Science And History Inc and what are their salaries?
The average compensation at Owensboro Area Museum Of Science And History Inc during 2022 was $15,600. There are 9 employees and 10 volunteers at Owensboro Area Museum Of Science And History Inc.
Here are 16 key members and their salaries:
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Where can I find the form 990 for Owensboro Area Museum Of Science And History Inc?
Owensboro Area Museum Of Science And History Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Owensboro Area Museum Of Science And History Inc
Owensboro Area Museum of Science and History Inc is dedicated to preserving and showcasing the rich history and cultural heritage of Western Kentucky. The institution collects, conserves, and displays a wide range of artifacts and information, aiming to educate visitors about the region's past. By focusing on the Western Kentucky area, the museum provides a unique perspective on the region's history and encourages a deeper understanding of its local communities. Through its exhibitions and educational programs, the museum offers an engaging and informative experience for visitors of all ages.
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Impact
July, 2024
The Owensboro Area Museum of Science and History Inc has a significant impact on the community by providing a valuable resource for education and preserving the history of Western Kentucky. Through its museum exhibitions and educational programs, the institution plays a crucial role in promoting an appreciation for arts and culture in Owensboro. Additionally, by collecting and conserving information and artifacts related to the area, the museum helps to ensure that the heritage of Western Kentucky is preserved for future generations to explore and learn from.
This information is meant to be a general summary of Owensboro Area Museum Of Science And History 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: $4
- Program Service Revenue: $55,156
- Gross Receipts: $525,814
Assets and Liabilities:
- Total Assets: $1,246,200
- Total Liabilities: $68,524
- Net Assets: $1,177,676
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Admissions
Revenue
$54,638
Tornado Machine
Revenue
$518
Organization Details
Founding Year
1966
Phone
(270) 687-2732Principal Officer
Kathy Olson
Main Address
122 East 2nd St, Owensboro, KY, 42303
NTEE Category
Code: A500 - Arts
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