Overview
What is The American Friends Of The Moderna Museet Inc?
The American Friends of the Moderna Museet Inc is a charitable and educational nonprofit organization, headquartered with no specified location provided in the information. Their primary mission is to foster an appreciation and enjoyment of modern and contemporary art, accomplishing this through their support of the Moderna Museet's charitable and educational activities. They raise funds through donations, investments, and reinvestments, using the income and principal to further their objectives as guided by their Board of Directors. By doing so, they contribute to the art community and promote artistic growth within the meaning of Section 501(c)(3) of the Internal Revenue Code.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star Rating)
The American Friends Of The Moderna Museet Inc has earned a solid Three-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. With an overall score of 86%, the organization demonstrates effective financial practices and transparency, which are crucial for donor confidence and sustainability. The score is significantly influenced by the organization's perfect marks in areas like independent board membership and the absence of asset diversion.
Strengths highlighted include a fully independent board, with all eight members free from conflicts of interest, and a high program expense ratio of 95.17%, indicating that a large portion of its funds is directed towards its mission-related activities. The organization further ensures fiscal responsibility, as evidenced by a liabilities to assets ratio of 0.00%, showing no debt compared to its assets.
Despite its strengths, potential donors may want to look for information on programmatic impact and broader operational effectiveness, as the rating primarily focuses on financial aspects. Overall, the organization provides a reliable option for those looking to support the arts through a fiscally responsible entity.
This AI summary has been generated from information found on Charity Navigator.
Is The American Friends Of The Moderna Museet Inc legitimate?
The American Friends Of The Moderna Museet Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The American Friends Of The Moderna Museet 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
For more financial information, click here
What is the mission statement of The American Friends Of The Moderna Museet Inc?
The American Friends of the Moderna Museet Inc., as a charitable organization, is dedicated to promoting the appreciation and enjoyment of modern and contemporary art. They achieve this by supporting the charitable and educational activities of the Moderna Museet. The corporation raises funds through donations and investments, and then distributes the income to advance their mission, as decided by their Board of Directors. Essentially, their goal is to foster a deeper connection with modern art for the benefit of a broader audience.
Who is the CEO of The American Friends Of The Moderna Museet Inc?
Helena Skarstedt is the President of The American Friends Of The Moderna Museet Inc.
What is the revenue of The American Friends Of The Moderna Museet Inc?
The American Friends Of The Moderna Museet Inc's revenue in 2022 was $897,888.
Who are the executives of The American Friends Of The Moderna Museet Inc and what are their salaries?
Here are 8 key members and their salaries:
- 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: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The American Friends Of The Moderna Museet Inc?
The American Friends Of The Moderna Museet Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The American Friends Of The Moderna Museet Inc
The American Friends of the Moderna Museet Inc is a charitable organization dedicated to promoting the appreciation and enjoyment of modern and contemporary art. In line with Section 501(c)(3) of the Internal Revenue Code, this nonprofit corporation seeks to achieve its mission by soliciting and managing donations, investing these funds, and subsequently utilizing the income and principal to further its goals, as decided by its Board of Directors. The American Friends of the Moderna Museet Inc's purpose is primarily focused on supporting the charitable and educational activities of the Moderna Museet, an institution renowned for its promotion of modern and contemporary art. By doing so, the corporation aims to contribute to the broader cultural landscape, fostering a deeper understanding and appreciation of modern art among its audience.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The American Friends Of The Moderna Museet Inc's impact is significant in fostering the appreciation and enjoyment of modern and contemporary art. By supporting the charitable and educational activities of the Moderna Museet, the organization plays a crucial role in promoting artistic expression and cultural enrichment. As a nonprofit organized for charitable and educational purposes, it actively receives and manages funds to further its mission of advancing the arts. Through its efforts, The American Friends Of The Moderna Museet Inc contributes to the vibrancy of the artistic community and helps inspire creativity and innovation in the arts.
This information is meant to be a general summary of The American Friends Of The Moderna Museet 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: $64
- Gross Receipts: $897,888
Assets and Liabilities:
- Total Assets: $229,570
- Total Liabilities: $0
- Net Assets: $229,570
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2007
Phone
(212) 288-5041Principal Officer
Helena Skarstedt
Main Address
125 Broad Street 3927, New York, NY, 100042498
NTEE Category
Code: A50 - Arts
If you are a representative of The American Friends Of The Moderna Museet Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.