Overview
What is James K Polk Memorial Association?
The James K Polk Memorial Association is a nonprofit organization situated in Columbia, Tennessee. With a small workforce of 12 individuals, their primary mission is to preserve, maintain, and uphold the ancestral home of James K. Polk, the 11th President of the United States. Through their dedicated efforts, they ensure the historical significance of this site is upheld, providing a valuable educational resource for visitors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star rating.
The James K Polk Memorial Association received a low overall score of 54%, reflecting significant weaknesses in accountability and finance practices. While the organization excels in areas such as having a completely independent board and managing asset liabilities effectively, it falls short in critical operational transparency and adherence to best practices, indicating a need for improvement in governance.
Strengths include a fully independent board and documentation of board meeting minutes, which are essential for maintaining accountability. However, the association's program expense ratio is notably poor, suggesting that a minimal portion of its resources is being directed towards its programs. Furthermore, the absence of key policies, such as conflict of interest and whistleblower policies, raises concerns about its governance practices.
Limitations are evident in the lack of transparency, as the organization's website is missing essential information like tax forms, and it failed to establish critical operational policies. These shortcomings contribute to the overall low rating and suggest that the organization must focus on enhancing its governance and financial management practices to improve its standing and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is James K Polk Memorial Association legitimate?
James K Polk Memorial Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. James K Polk Memorial Association 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: $117,965
For more financial information, click here
What is the mission statement of James K Polk Memorial Association?
The James K Polk Memorial Association is dedicated to preserving and maintaining the ancestral home of the 11th President of the United States, James K. Polk. Their primary mission is to operate and safeguard this historical property, ensuring its continued significance for future generations. Through their efforts, they aim to educate visitors about the life and times of President Polk, preserving his legacy for posterity. The association's activities are focused on maintaining the structural integrity of the home, as well as presenting it in a manner that accurately reflects the historical context of its occupant.
Who is the CEO of James K Polk Memorial Association?
Kendall Stivers Jones is the President of James K Polk Memorial Association.
What is the revenue of James K Polk Memorial Association?
James K Polk Memorial Association's revenue in 2022 was $183,039.
Who are the executives of James K Polk Memorial Association and what are their salaries?
The average compensation at James K Polk Memorial Association during 2022 was $9,830. There are 12 employees at James K Polk Memorial Association.
Here are 7 key members and their salaries:
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Where can I find the form 990 for James K Polk Memorial Association?
James K Polk Memorial Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of James K Polk Memorial Association
The James K. Polk Memorial Association is dedicated to preserving the ancestral home of James K. Polk, the 11th President of the United States. This nonprofit organization's mission revolves around operating, maintaining, and conserving this historical property, ensuring it remains a significant part of American history and heritage. By doing so, the association plays a crucial role in educating and engaging the public, offering insights into the life and times of President Polk.
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Impact
October, 2024
The James K. Polk Memorial Association plays a vital role in preserving the legacy of the 11th President of the United States by maintaining and operating his ancestral home in Columbia, Tennessee. This historic site serves as a critical resource for education and cultural heritage, deepening public understanding of Polk's contributions to American history.
By preserving his home, the Association ensures that future generations have access to a site rich in historical significance, where visitors can explore the life and times of Polk, including his presidency and impacts on U.S. expansion. The Association not only safeguards the physical structure but also fosters a connection to the past, inspiring community engagement and appreciation for American history and the arts. Through its efforts, the James K. Polk Memorial Association enriches the cultural landscape of Columbia and promotes historical awareness in a broader context.
This information is meant to be a general summary of James K Polk Memorial Association. 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: -$67,141
- Gross Receipts: $207,208
Assets and Liabilities:
- Total Assets: $1,603,137
- Total Liabilities: $2,535
- Net Assets: $1,600,602
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Organization Details
Founding Year
1924
Phone
(931) 388-2354Principal Officer
Kendall Stivers Jones
Main Address
PO BOX 741, COLUMBIA, TN, 38401
NTEE Category
Code: A82Z - Arts
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