Overview
What is Fire Department Museum Of Memphis Inc?
Fire Department Museum of Memphis Inc is a nonprofit organization dedicated to operating a captivating and instructive attraction aimed at enhancing fire safety awareness. By managing the Fire Museum, their primary objective is to decrease fire-related fatalities, injuries, and property damage. The museum serves as an engaging platform for both entertainment and education, fostering a more responsible attitude towards fire safety.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
The Fire Department Museum Of Memphis Inc has received a one-star rating from Charity Navigator, indicating concerns primarily related to its financial accountability. The organization has achieved a maximum score for governance practices, such as having a majority of independent board members and well-defined policies for conflicts of interest and whistleblowing. However, its overall performance is significantly affected by a low program expense ratio and a high liabilities to assets ratio, which reflects financial challenges.
While the museum excels in governance, with full marks for various accountability measures, its financial management appears to be lacking. The program expense ratio, at just 25.43%, suggests that a smaller portion of its expenditures is dedicated to its charitable programs, raising questions about the effectiveness of its operations. Furthermore, a liabilities to assets ratio of 4.87% indicates that the museum may have substantial financial obligations relative to its total assets.
In summary, the Fire Department Museum Of Memphis Inc demonstrates good governance practices but faces serious issues in financial management that impact its overall rating. Potential donors and supporters should be mindful of these financial limitations when considering their involvement with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Fire Department Museum Of Memphis Inc legitimate?
Fire Department Museum Of Memphis Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fire Department Museum Of Memphis 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: $231,952
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What is the mission statement of Fire Department Museum Of Memphis Inc?
The Fire Department Museum of Memphis Inc's mission is centered around the operation of the museum, serving as an engaging and instructive site to foster fire safety awareness. By operating this museum, the organization aims to decrease the occurrence of fire-related fatalities, injuries, and property damage. The museum operation serves as a platform for promoting fire safety education, thereby contributing to a safer community.
Who is the CEO of Fire Department Museum Of Memphis Inc?
Kimberly Crafton is the Executive Director of Fire Department Museum Of Memphis Inc.
What is the revenue of Fire Department Museum Of Memphis Inc?
Fire Department Museum Of Memphis Inc's revenue in 2022 was $485,694.
Who are the executives of Fire Department Museum Of Memphis Inc and what are their salaries?
The average compensation at Fire Department Museum Of Memphis Inc during 2022 was $19,329. There are 12 employees and 25 volunteers at Fire Department Museum Of Memphis Inc.
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Where can I find the form 990 for Fire Department Museum Of Memphis Inc?
Fire Department Museum Of Memphis Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fire Department Museum Of Memphis Inc
The Fire Department Museum of Memphis Inc, in its mission, operates an engaging and instructive attraction with the primary objective of advancing fire safety. This operation serves to decrease the incidence of fire-related fatalities, injuries, and property damage. The museum plays a crucial role in educating visitors about fire safety, thereby contributing to a safer community. By providing an entertaining yet educational experience, the museum effectively promotes the importance of fire safety and its preventive measures.
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Impact
July, 2024
The Fire Department Museum of Memphis Inc's impact lies in its ability to provide an entertaining and educational attraction to promote fire safety, reduce fire fatalities, injuries, and property damage. By operating the Fire Museum, the organization plays a crucial role in raising awareness about fire prevention and safety measures. Through its exhibits and programs, the museum helps educate the community on the importance of fire safety, ultimately contributing to a safer environment for residents of Memphis and beyond.
This information is meant to be a general summary of Fire Department Museum Of Memphis 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.
- Program Service Revenue: $316,226
- Gross Receipts: $485,694
Assets and Liabilities:
- Total Assets: $3,155,742
- Total Liabilities: $153,931
- Net Assets: $3,001,811
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MUSEUM REVENUE
Revenue
$36,138
MUSEUM ADMISSION
Revenue
$158,141
RED DOOR CAMPAIGN
Revenue
$107,046
SPECIAL EVENTS
Revenue
$14,901
Organization Details
Phone
(901) 636-5651Principal Officer
Kimberly Crafton
Main Address
118 ADAMS AVENUE, Memphis, TN, 38103
NTEE Category
Code: A500 - Arts
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