Overview
What is Boca Museum Foundation Inc?
Boca Museum Foundation Inc is a charitable organization, headquartered unspecified, established primarily for the purpose of collecting and managing donations and inheritances. These funds are then allocated to support the Boca Raton Museum of Art. The Foundation's mission is centered around enhancing and sustaining the art museum's operations through financial aid. While specific details about the Foundation's initiatives or global reach are not provided, it is clear that they play a significant role in bolstering the Boca Raton Museum of Art's resources and growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Boca Museum Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization received a perfect score in key areas such as independent board governance and financial oversight, indicating a commitment to transparency and responsible management of resources.
With an impressive program expense ratio of 91.36%, the foundation prioritizes its mission-driven activities, ensuring that a significant portion of its funding is directed toward its programs. Additionally, the lack of material diversion of assets and the presence of comprehensive policies such as conflict of interest and whistleblower protections further enhance its credibility and operational integrity.
While the foundation has demonstrated strong financial health and effective governance, potential donors may still wish to consider the overall impact of its programs and services in the community. Nonetheless, the foundation's robust accountability measures and financial practices position it as a reliable organization worthy of support.
This AI summary has been generated from information found on Charity Navigator.
Is Boca Museum Foundation Inc legitimate?
Boca Museum Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boca Museum Foundation 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: $0
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What is the mission statement of Boca Museum Foundation Inc?
The Boca Museum Foundation Inc was established with the mission to collect and manage donations and bequests, aiming to benefit and support the Boca Raton Museum of Art. The primary objective of the foundation is to contribute financially to the museum's operations and initiatives, ensuring its continued growth and success. By administering these donations effectively, the foundation plays a crucial role in fostering the museum's artistic and educational programs, ultimately enriching the cultural landscape for the community.
Who is the CEO of Boca Museum Foundation Inc?
Jody Harrison Grass is the Treasurer of Boca Museum Foundation Inc.
What is the revenue of Boca Museum Foundation Inc?
Boca Museum Foundation Inc's revenue in 2022 was $526,786.
Who are the executives of Boca Museum Foundation Inc and what are their salaries?
There 6 volunteers at Boca Museum Foundation Inc.
Here are 7 key members and their salaries:
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- Related: $230,594
- Other: $5,104
Where can I find the form 990 for Boca Museum Foundation Inc?
Boca Museum Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Boca Museum Foundation Inc
Boca Museum Foundation Inc was established with a specific purpose: to receive and manage donations and bequests, all aimed at benefiting and supporting the Boca Raton Museum of Art. This nonprofit organization serves as a vital conduit, channeling resources to ensure the museum's continued success and growth. By administering these gifts, the foundation enables the museum to enhance its offerings, preserve its collection, and foster a vibrant arts community. In essence, the Boca Museum Foundation Inc plays a crucial role in nurturing and sustaining the artistic pursuits of the Boca Raton Museum of Art.
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Impact
July, 2024
The impact of the Boca Museum Foundation Inc is clear in its commitment to receiving and administering donations and bequests to support the Boca Raton Museum of Art. This support plays a vital role in fostering the arts within the community and ensuring the museum can continue to offer enriching cultural experiences to its visitors. By facilitating financial contributions, the Foundation helps sustain the museum's operations, exhibitions, and educational programs, ultimately enhancing the cultural vitality of Boca Raton and beyond.
This information is meant to be a general summary of Boca Museum Foundation 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: $296,787
- Gross Receipts: $2,948,562
Assets and Liabilities:
- Total Assets: $7,968,717
- Total Liabilities: $1,228,941
- Net Assets: $6,739,776
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Organization Details
Founding Year
1990
Phone
(561) 392-2500Principal Officer
Jody Harrison Grass
Main Address
501 PLAZA REAL, BOCA RATON, FL, 33432
NTEE Category
Code: A51I - Arts
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