Overview
What is Louisiana Museum Foundation?
The Louisiana Museum Foundation is a nonprofit organization situated in New Orleans, Louisiana. Its primary mission is to aid and bolster the Louisiana State Museum (LSM) system, which comprises several underfunded state-owned and operated museums, including the Cabildo and Presbytère. The foundation provides financial support through grants, donations, and other contributions, managing and administering these funds. Additionally, it offers programmatic and contractual support services, curates exhibitions, and engages in educational and public outreach activities. By doing so, the Louisiana Museum Foundation plays a crucial role in preserving and promoting the rich cultural heritage of Louisiana, ensuring that its museums and collections remain accessible and engaging for the public.
Official website here: www.thelmf.org/
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
The Louisiana Museum Foundation has achieved an impressive 96% score, reflecting a strong focus on accountability and finance. This rating is based solely on its financial management practices, indicating effective oversight and transparency in operations. The organization prides itself on having a fully independent board, which enhances its governance structure, and it has demonstrated a solid commitment to ethical practices.
Strengths highlighted include the foundation's excellent program expense ratio of 95.37%, suggesting that a significant majority of its funds are directed toward its programs rather than administrative costs. Additionally, the foundation has no reported issues related to material diversion of assets, showcasing its integrity in financial stewardship. The presence of comprehensive policies, such as conflict of interest and whistleblower protections, further underscores its commitment to accountability.
While the data reflect strong financial practices, it is essential for potential donors to consider the foundation's overall impact on its community and the specific programs it supports. Such a high rating in accountability is commendable, but understanding how these practices translate into tangible benefits for the community may require further exploration of their programs and outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Louisiana Museum Foundation legitimate?
Louisiana Museum Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louisiana Museum Foundation 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: $105,685
Professional Fundraising Fees: $0
Other Salaries and Wages: $244,560
For more financial information, click here
Official website here: www.thelmf.org/
What is the mission statement of Louisiana Museum Foundation?
The Louisiana Museum Foundation's mission is to support, administer funding, and raise awareness for the Louisiana State Museum. Specifically, it aims to provide community support, grants, programming, and marketing assistance to the underfunded state-owned and operated Louisiana State Museum (LSM) system. This system includes several museum properties and collections, primarily focusing on exhibitions, collections, and education/public outreach. The foundation seeks and manages donations to financially support these museums and collections, offering management, financial, grant, contract, and program support services. Additionally, it provides exhibition concepts, guest curators, and produces educational and public outreach programming in connection with the museums and collections.
Official website here: www.thelmf.org/
Who is the CEO of Louisiana Museum Foundation?
Kristin C Shannon is the Director of Louisiana Museum Foundation.
Official website here: www.thelmf.org/
What is the revenue of Louisiana Museum Foundation?
Louisiana Museum Foundation's revenue in 2022 was $3,109,070.
Official website here: www.thelmf.org/
Who are the executives of Louisiana Museum Foundation and what are their salaries?
The average compensation at Louisiana Museum Foundation during 2022 was $43,781. There are 8 employees and 44 volunteers at Louisiana Museum Foundation.
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- Compensation: $84,966
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Official website here: www.thelmf.org/
Where can I find the form 990 for Louisiana Museum Foundation?
Louisiana Museum Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thelmf.org/
Learn more at the official website: www.thelmf.org/
Mission Statement of Louisiana Museum Foundation
Louisiana Museum Foundation, with its primary mission, aims to enable support, administer funding, and raise awareness for the Louisiana State Museum (LSM). This nonprofit organization is dedicated to providing community, grant, programming, and marketing support for the chronically underfunded state-owned and operated LSM system. The system includes notable museum properties such as The Cabildo, Presbytère, and the New Orleans Jazz Museum at the Old U.S. Mint, as well as six other museum properties and six major collections housing nearly half a million artifacts.
The Louisiana Museum Foundation's role is multifaceted. It seeks, accepts, and manages grants, contributions, bequests, and other donations to financially support the museums and collections within the LSM system. Furthermore, it provides management, financial, grants, contracts, and other program support services to ensure the smooth operation of these institutions. In addition to financial assistance, the foundation contributes to exhibition concepts and invites guest curators. It also produces educational and public outreach programming, connecting with the museums and collections to promote engagement and awareness among the public.
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Impact
July, 2024
The Louisiana Museum Foundation plays a crucial role in enabling support, administering funding, and raising awareness for the Louisiana State Museum. Its impact can be seen through the successful facilitation of major exhibitions at key museum locations such as the Cabildo, Presbytere, Capitol Park Museum, and Louisiana Sports Hall of Fame. By providing financial support and management services, the Foundation helps in showcasing diverse aspects of Louisiana history, culture, art, and sports, enhancing public engagement and educational outreach efforts. Through its grants, contributions, and partnerships, the Foundation contributes significantly to the preservation and promotion of Louisiana's rich cultural heritage.
This information is meant to be a general summary of Louisiana Museum Foundation. 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: $219,425
- Program Service Revenue: $80,561
- Gross Receipts: $3,161,070
Assets and Liabilities:
- Total Assets: $4,737,357
- Total Liabilities: $99,073
- Net Assets: $4,638,284
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM MANAGEMENT FEE
Revenue
$80,561
Organization Details
Founding Year
1981
Phone
(504) 558-0493Principal Officer
Kristin C Shannon
Main Address
1000 BOURBON STREET B429, NEW ORLEANS, LA, 70116
Website
www.thelmf.org/NTEE Category
Code: A50 - Arts
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