Overview
What is The Luis A Ferre Foundation Inc?
The Luis A Ferre Foundation Inc is a distinguished nonprofit organization based in Puerto Rico, responsible for maintaining and showcasing an exceptional collection of European art at the Museo de Arte de Ponce (MAP). Boasting over 4,500 pieces, this collection is among the most significant Pre-Raphaelite collections in the Western Hemisphere, spread across fourteen galleries. The foundation's primary role is to connect the community with the rich history of Western art, stimulating curiosity and fostering dialogue. Through their objectives, they promote art appreciation, offer educational and recreational resources, and establish ties with disadvantaged communities in Puerto Rico. The Museo de Arte de Ponce serves as a cultural hub, inviting discovery and encouraging the enjoyment of art.
Official website here: www.museoarteponce.org
Is The Luis A Ferre Foundation Inc legitimate?
The Luis A Ferre Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Luis A Ferre 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: $22,456
Other Salaries and Wages: $1,795,032
For more financial information, click here
Official website here: www.museoarteponce.org
What is the mission statement of The Luis A Ferre Foundation Inc?
The Luis A Ferre Foundation's primary purpose is to preserve and exhibit its extensive collection of European art at the Museo de Arte de Ponce, a museum accredited by the American Alliance of Museums in Puerto Rico. This foundation owns one of the most significant and important collections of European art in the Western Hemisphere. The museum encourages community engagement with Western art and its creators, from the 14th century to the present. It stimulates curiosity, invites discovery, and fosters dialogue. In line with its objectives, the foundation promotes an appreciation of art, provides educational and recreational resources, and establishes connections with disadvantaged communities in Puerto Rico.
Official website here: www.museoarteponce.org
What is the revenue of The Luis A Ferre Foundation Inc?
The Luis A Ferre Foundation Inc's revenue in 2023 was $4,898,282.
Official website here: www.museoarteponce.org
Who are the executives of The Luis A Ferre Foundation Inc and what are their salaries?
The average compensation at The Luis A Ferre Foundation Inc during 2023 was $69,040. There are 26 employees and 1 volunteer at The Luis A Ferre Foundation Inc.
Here are 18 key members and their salaries:
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Official website here: www.museoarteponce.org
Where can I find the form 990 for The Luis A Ferre Foundation Inc?
The Luis A Ferre Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.museoarteponce.org
Learn more at the official website: www.museoarteponce.org
Mission Statement of The Luis A Ferre Foundation Inc
The Luis A Ferre Foundation Inc, abbreviated as LAFF, is dedicated to operating, maintaining, and showcasing its extensive collection of European art at the Museo de Arte de Ponce (MAP), a museum in Puerto Rico. This institution, accredited by the American Alliance of Museums, boasts one of the finest and most significant collections of European art in the Western Hemisphere. The Museo de Arte de Ponce serves as a bridge, connecting the community with the richness of Western art and its creators, spanning from the 14th century to the present day. By encouraging discovery, stimulating curiosity, and fostering dialogue, the museum invites its visitors to delve into the world of art.
As part of its objectives, LAFF aims to promote appreciation for art, offering educational and recreational resources to the public. Moreover, the foundation seeks to establish ties with disadvantaged communities in Puerto Rico, thus broadening the reach of its art collection and engaging a wider audience. By doing so, LAFF not only provides an engaging experience for art enthusiasts but also contributes to the cultural enrichment of the local community.
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Impact
October, 2024
The Luis A. Ferre Foundation Inc. significantly enhances cultural appreciation and access to art in Puerto Rico through its operation of the Museo de Arte de Ponce. Housing one of the most esteemed Pre-Raphaelite collections in the Western Hemisphere, the museum features around 4,500 art pieces across fourteen galleries, enriching the local cultural landscape.
By providing a space for the exhibition and conservation of European art spanning from the fourteenth century to the present, the Foundation invites the community to explore the richness of Western art and engage in dialogue about its significance. The museum serves as a platform for discovery, igniting curiosity and promoting artistic appreciation, particularly among disadvantaged communities in Puerto Rico. Through educational and recreational programs, it establishes lasting connections, fostering a deeper understanding and love for the arts, ultimately cultivating a more culturally vibrant society.
This information is meant to be a general summary of The Luis A Ferre 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 2023.
- Investment Income: $573,280
- Program Service Revenue: $12,533
- Gross Receipts: $4,915,177
Assets and Liabilities:
- Total Assets: $43,330,200
- Total Liabilities: $4,913,561
- Net Assets: $38,416,639
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$12,533
Organization Details
Founding Year
1956
Principal Officer
Maria Luisa Ferre Rangel
Website
www.museoarteponce.orgNTEE Category
Code: A510 - Arts
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