Overview
What is The Denver Art Museum Foundation?
The Denver Art Museum Foundation is a nonprofit organization based in Denver, Colorado, specifically at 100 W 14th Ave Parkway, ZIP code 80204. It was established to manage and administer funds exclusively for the Denver Art Museum. The foundation's primary function involves making periodic distributions to the museum for its educational and charitable purposes. By doing so, the foundation plays a crucial role in supporting the Denver Art Museum, ensuring its ongoing success and mission to engage and enrich the community through art.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 86%, Three-Star out of Four Star rating.
The Denver Art Museum Foundation has earned a solid Three-Star rating from Charity Navigator, reflecting its strong performance in Accountability and Finance. The foundation's score is primarily derived from its impressive metrics, particularly its high Program Expense Ratio of 95.85%, indicating that a significant portion of its funds is allocated directly to its programs rather than administrative costs.
The organization boasts a fully independent board, which enhances its governance structure and decision-making processes. Additionally, it maintains a robust financial oversight framework, evidenced by a perfect score on its Audit and Oversight Committee and a strong Liabilities to Assets Ratio of 8.27%. These factors together suggest a well-managed nonprofit committed to transparency and effective use of resources.
However, while the foundation shows strength in financial accountability, the overall rating is solely based on the Accountability & Finance beacon. This may limit the perspective on other operational aspects such as program impact or community engagement, which are not captured in this score. Nonetheless, the organization appears to be in good standing financially.
This AI summary has been generated from information found on Charity Navigator.
Is The Denver Art Museum Foundation legitimate?
The Denver Art Museum Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Denver Art 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.
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What is the mission statement of The Denver Art Museum Foundation?
The Denver Art Museum Foundation exists to manage and administer funds on behalf of the Denver Art Museum. Its primary role is to make periodic distributions to the museum to support its educational and charitable initiatives. The foundation's mission is geared towards advancing the Denver Art Museum's objectives by providing it with the necessary financial resources. Through these distributions, the museum can continue to enrich the community through art and education. The foundation's dedicated efforts enable the Denver Art Museum to fulfill its mission and make a positive impact on its patrons.
What is the revenue of The Denver Art Museum Foundation?
The Denver Art Museum Foundation's revenue in 2023 was $4,223,274.
Who are the executives of The Denver Art Museum Foundation and what are their salaries?
There 12 volunteers at The Denver Art Museum Foundation.
Here are 12 key members and their salaries:
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Where can I find the form 990 for The Denver Art Museum Foundation?
The Denver Art Museum Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Denver Art Museum Foundation
The Denver Art Museum Foundation, a dedicated entity, was established with the primary objective of managing and administering funds exclusively for the Denver Art Museum. With a clear-cut mission, the Foundation makes regular distributions to the Museum to support its educational and charitable initiatives.
By owning and managing the funds, the Denver Art Museum Foundation plays a pivotal role in ensuring the Museum's continued growth and success. The Foundation's contributions are integral to the Museum's ability to carry out its mission and provide valuable experiences for its visitors. Through its periodic financial support, the Foundation enables the Denver Art Museum to expand its offerings and make a positive impact in the community.
In essence, the Denver Art Museum Foundation functions as a dedicated financial partner to the Denver Art Museum. By managing and distributing funds, it provides crucial resources that help the Museum fulfill its educational and charitable objectives. With its unwavering commitment, the Denver Art Museum Foundation contributes significantly to the ongoing success and growth of the Denver Art Museum.
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Impact
October, 2024
The Denver Art Museum Foundation plays a crucial role in supporting the Denver Art Museum by managing and administering funds that are essential for its operations. Through periodic distributions, the Foundation provides financial resources that directly contribute to the museum's educational and charitable initiatives. This support enhances the museum's ability to offer diverse programming, exhibitions, and community outreach, enriching the cultural fabric of Denver. By ensuring the museum has the financial stability to thrive, the Foundation fosters a vibrant arts environment that benefits both residents and visitors alike.
This information is meant to be a general summary of The Denver Art 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 2023.
- Investment Income: $823,857
- Gross Receipts: $4,223,274
Assets and Liabilities:
- Total Assets: $164,445,500
- Total Liabilities: $13,505,597
- Net Assets: $150,939,903
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Organization Details
Founding Year
1988
Principal Officer
Thomas A Petrie
NTEE Category
Code: A115 - Arts
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