Overview
What is Memphis Museums Inc?
Memphis Museums Inc, located in Memphis, Tennessee, is a nonprofit organization dedicated to fostering learning about history, science, technology, and nature in the Mid-South region. The organization operates various institutions, including the Memphis Museum with its giant screen theater, Lichterman Nature Center, Pink Palace Museum, Coon Creek Science Center, Sharp Planetarium, and historic homes like the Magevney House and Mallory-Neely House. These facilities provide educational programs, exhibits, and guided tours, engaging visitors with rich collections, thought-provoking displays, and interactive activities. The mission of Memphis Museums Inc is to inspire individuals to reflect on the past, understand the present, and influence the future, thereby shaping the community's perspective and fostering lifelong learning. With a staff of 50 employees, the organization strives to make these enriching experiences accessible to the diverse community of the Mid-South.
Official website here: www.moshmemphis.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
Memphis Museums Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and finance management. The organization's score reflects a strong commitment to maintaining an independent board and transparent financial practices, with metrics such as a perfect score for independent board members and comprehensive audit oversight.
The nonprofit excels in financial health, evidenced by a low liabilities to assets ratio and effective fundraising efficiency. However, while the program expense ratio stands at 62.24%, which is a bit lower than some might expect, the organization demonstrates solid overall financial stability and operational strength.
Limitations noted in the feedback primarily revolve around the program expense ratio, suggesting there may be room for improvement in how funds are allocated towards direct programming versus administrative costs. Overall, Memphis Museums Inc stands out for its effective governance and financial oversight, making it a reliable choice for donors looking to support the arts and cultural heritage in Memphis.
This AI summary has been generated from information found on Charity Navigator.
Is Memphis Museums Inc legitimate?
Memphis Museums Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memphis Museums 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: $200,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $909,518
For more financial information, click here
Official website here: www.moshmemphis.com
What is the mission statement of Memphis Museums Inc?
Memphis Museums Inc, through its Pink Palace Family of Museums, aims to inspire people to learn about the impact of history, science, technology, and nature on the Mid-South. They achieve this by offering rich collections, thought-provoking exhibitions, and engaging programs. These initiatives encourage the diverse community to reflect on the past, understand the present, and influence the future. Memphis Museums Inc provides educational programs such as the Giant Screen Theater, Lichterman Nature Center, Pink Palace Education School, and Coon Creek Science Center. These programs cater to various age groups and interests, promoting environmental education, university research, and teacher training. The organization also offers historical preservation projects and guided tours of historical properties like the Magevney House and Mallory-Neely House.
Official website here: www.moshmemphis.com
Who is the CEO of Memphis Museums Inc?
Kevin Thompson is the Executive Director of Memphis Museums Inc.
Official website here: www.moshmemphis.com
What is the revenue of Memphis Museums Inc?
Memphis Museums Inc's revenue in 2022 was $4,622,803.
Official website here: www.moshmemphis.com
Who are the executives of Memphis Museums Inc and what are their salaries?
The average compensation at Memphis Museums Inc during 2022 was $22,190. There are 50 employees and 517 volunteers at Memphis Museums Inc.
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Official website here: www.moshmemphis.com
Where can I find the form 990 for Memphis Museums Inc?
Memphis Museums Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.moshmemphis.com
Learn more at the official website: www.moshmemphis.com
Mission Statement of Memphis Museums Inc
Memphis Museums Inc, with its collection of rich exhibitions and engaging programs, is dedicated to inspiring individuals to understand the impact of history, science, technology, and nature on the Mid-South region. By encouraging reflection on the past, comprehension of the present, and influence on the future, this nonprofit organization aims to engage and educate its diverse community. Through thought-provoking exhibitions and interactive programs, Memphis Museums Inc encourages visitors to delve into various topics, fostering a deeper appreciation for the world around them.
Memphis Museums Inc operates several branches, including the Giant Screen Theater, showcasing history, natural history, and science films; the Lichterman Nature Center, featuring indoor exhibits and outdoor habitats with environmental education programs; and the Pink Palace Education Center, providing school and general audience programs. Furthermore, the Coon Creek Science Center caters to school groups, offering opportunities for fossil excavation, university research, and teacher training in partnership with the University of Tennessee-Martin. The Sharp Planetarium, another branch, offers educational astronomy-related shows for the public and school groups. Lastly, Memphis Museums Inc manages historical properties, such as the 1836 Magevney House and the 1852 Mallory-Neely House, offering educational programs and guided tours that delve into the history, social context, and daily life of the residents.
By offering a wide range of educational experiences, Memphis Museums Inc seeks to foster a love for learning and inspire its visitors to engage with the world around them. This nonprofit organization strives to create an inclusive and engaging environment where individuals can explore, reflect, and learn about the historical, scientific, and cultural aspects of the Mid-South region.
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Impact
July, 2024
Memphis Museums Inc's impact is significant as it inspires people to learn about how history, science, technology, and nature have shaped the Mid-South region. Through a variety of educational programs, exhibits, and experiences at locations like the Pink Palace, Lichterman Nature Center, Coon Creek Science Center, Sharpe Planetarium, and historic properties like the Magevney House and Mallory-Neely House, Memphis Museums Inc encourages the community to reflect on the past, understand the present, and influence the future. By offering rich collections and engaging programs, they play a crucial role in promoting learning and appreciation for the cultural and natural heritage of the region.
This information is meant to be a general summary of Memphis Museums 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: $51,801
- Program Service Revenue: $1,203,010
- Gross Receipts: $4,856,907
Assets and Liabilities:
- Total Assets: $8,413,401
- Total Liabilities: $528,125
- Net Assets: $7,885,276
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$970,947
PROGRAM SERVICES
Revenue
$228,201
MISCELLANEOUS PROGRAM
Revenue
$3,862
Organization Details
Founding Year
1968
Phone
(901) 636-2370Principal Officer
Kevin Thompson
Main Address
3050 CENTRAL AVENUE, MEMPHIS, TN, 38111
Website
www.moshmemphis.comNTEE Category
Code: A120 - Arts
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