Overview
What is Birmingham Museum Of Art Endowment Trust?
The Birmingham Museum of Art Endowment Trust is a nonprofit organization situated in Birmingham, Alabama, specifically at 2000 Reverend Abraham Woods Jr. Blvd. Its primary objective is to provide financial assistance for the operation of the Birmingham Museum of Art. The trust generates income, which is then directed towards supporting the museum's activities, ensuring its continued operation and success. The trust plays a vital role in preserving and showcasing artistic and cultural heritage to the community and beyond.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
The Birmingham Museum Of Art Endowment Trust has received a solid score of 79%, reflecting a focus on accountability and finance. The rating is based entirely on a single beacon score, emphasizing the organization’s strong governance and financial practices. Notably, the museum boasts 100% independent board members, indicating a commitment to unbiased decision-making.
Strengths identified in the evaluation include a flawless record on material diversion of assets, a robust conflict of interest policy, and a comprehensive whistleblower policy. The program expense ratio is notably high at 98.32%, suggesting that the majority of its funds are directed towards its mission rather than administrative costs. Additionally, the organization maintains a zero liability to assets ratio, further underscoring its financial stability.
While the rating is commendable, the reliance on a single beacon score might limit the overall assessment of the nonprofit's impact and effectiveness. Nonetheless, the strong internal policies and financial management indicate a well-run organization dedicated to its objective.
This AI summary has been generated from information found on Charity Navigator.
Is Birmingham Museum Of Art Endowment Trust legitimate?
Birmingham Museum Of Art Endowment Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Birmingham Museum Of Art Endowment Trust 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: $0
For more financial information, click here
What is the mission statement of Birmingham Museum Of Art Endowment Trust?
The Birmingham Museum of Art Endowment Trust's mission is to provide financial support for the operations of the Birmingham Museum of Art. The purpose of the trust is to utilize the income it generates to aid in the museum's day-to-day functioning, under the guidance of its directors. The trust's primary objective is to ensure the continued operation and success of the Birmingham Museum of Art. By providing this financial backing, the trust plays a crucial role in preserving and promoting the museum's artistic and cultural offerings. The income generated by the trust is used to cover various expenses, allowing the museum to continue its mission of showcasing and preserving art for the public.
Who is the CEO of Birmingham Museum Of Art Endowment Trust?
Johnny Mcintosh is the Executive Committee Chairm of Birmingham Museum Of Art Endowment Trust. The CEO's salary of Birmingham Museum Of Art Endowment Trust is $249,162 and their total compensation is $262,940.
What is the revenue of Birmingham Museum Of Art Endowment Trust?
Birmingham Museum Of Art Endowment Trust's revenue in 2023 was $632,831.
Who are the executives of Birmingham Museum Of Art Endowment Trust and what are their salaries?
There 4 volunteers at Birmingham Museum Of Art Endowment Trust.
Here are 11 key members and their salaries (Birmingham Museum Of Art Endowment Trust's CEO's salary is $249,162 and their total compensation is $262,940):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $249,162
- Related: $0
- Other: $13,778
- Compensation: $105,549
- Related: $0
- Other: $16,823
- Compensation: $70,595
- Related: $0
- Other: $7,746
- Compensation: $123,973
- Related: $0
- Other: $18,441
- Compensation: $98,954
- Related: $0
- Other: $15,163
- Compensation: $16,507
- Related: $0
- Other: $495
- Compensation: $82,165
- Related: $0
- Other: $9,378
Where can I find the form 990 for Birmingham Museum Of Art Endowment Trust?
Birmingham Museum Of Art Endowment Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Birmingham Museum Of Art Endowment Trust
The Birmingham Museum of Art Endowment Trust is a mission-driven entity, established with the primary objective of providing financial support for the operations of the Birmingham Museum of Art. The purpose of this trust is to utilize the income it generates to bolster the operational activities of the museum, at the discretion of its directors. Essentially, the Birmingham Museum of Art Endowment Trust serves as a vital source of operating funds for the museum, ensuring its continued presence and contribution to the art community.
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Impact
July, 2024
The Birmingham Museum of Art Endowment Trust plays a crucial role in providing financial stability and operational support to the Birmingham Museum of Art. By generating income through the trust, the museum is able to continue its mission of promoting arts and cultural enrichment within the community. The impact of the trust is felt in sustaining the day-to-day operations of the museum, facilitating exhibitions, educational programs, and other initiatives that benefit both residents and visitors to Birmingham. Through its ongoing support, the Birmingham Museum of Art Endowment Trust contributes to the vibrancy and accessibility of the arts in the region.
This information is meant to be a general summary of Birmingham Museum Of Art Endowment Trust. 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: $620,331
- Gross Receipts: $1,818,437
Assets and Liabilities:
- Total Assets: $26,361,696
- Total Liabilities: $0
- Net Assets: $26,361,696
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Organization Details
Founding Year
1951
Phone
(205) 254-2565Principal Officer
Johnny Mcintosh
Main Address
2000 REVEREND ABRAHAM WOODS JR BLVD, BIRMINGHAM, AL, 35203
NTEE Category
Code: A51 - Arts
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