Overview
What is Dr Pepper Museum And Free Enterprise Institute?
Dr Pepper Museum And Free Enterprise Institute, located at 300 S 5th Street, Waco, TX 76701, is a distinguished nonprofit organization dedicated to preserving the history of the soft drink industry, specifically Dr Pepper. Their mission involves educating and entertaining the general public through the collection, preservation, interpretation, and exhibition of relevant artifacts. By showcasing this history, they aim to illustrate the principles of the free enterprise economic system. With a workforce of 65 individuals, they operate as a vibrant educational facility that promotes understanding of the industry's past, thereby enriching the public's knowledge.
Official website here: www.drpeppermuseum.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star rating
The Dr Pepper Museum And Free Enterprise Institute has received a Three-Star rating from Charity Navigator, indicating a moderate level of accountability and financial transparency. The overall score is solely derived from the Accountability & Finance category, where it achieved a score of 77%. While the organization demonstrates strong practices in areas such as material diversion of assets and audit oversight, it has room for improvement in its board independence and program expense ratio.
One of the notable strengths is the organization’s commitment to maintaining a transparent financial structure, as evidenced by a favorable liabilities to assets ratio of 19.85%. Additionally, it has established policies for conflict of interest and document retention. However, the lack of a whistleblower policy and the omission of the tax form on its website are significant limitations that could affect stakeholder confidence.
Furthermore, the board composition shows only 28% of its members are independent, which may raise questions about governance effectiveness. While program expenses account for 64.41% of its total expenses, this could also indicate a need for a stronger focus on maximizing programmatic impact. Overall, while the organization functions with acceptable oversight, addressing its governance and transparency gaps could enhance its standing and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Dr Pepper Museum And Free Enterprise Institute legitimate?
Dr Pepper Museum And Free Enterprise Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dr Pepper Museum And Free Enterprise Institute 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: $103,213
Professional Fundraising Fees: $0
Other Salaries and Wages: $635,360
For more financial information, click here
Official website here: www.drpeppermuseum.com
What is the mission statement of Dr Pepper Museum And Free Enterprise Institute?
The Dr Pepper Museum and Free Enterprise Institute's mission is to educate and entertain the general public through the collection, preservation, interpretation, and exhibition of objects related to the history of the soft drink industry. By showcasing this industry, they aim to illustrate the principles of the free enterprise economic system. Their primary activity is the operation of a historical museum and educational facility, serving to preserve the history of Dr Pepper.
Official website here: www.drpeppermuseum.com
Who is the CEO of Dr Pepper Museum And Free Enterprise Institute?
Chris Dyer is the Board Chair of Dr Pepper Museum And Free Enterprise Institute. The CEO's salary of Dr Pepper Museum And Free Enterprise Institute is $59,428 and their total compensation is $148,965.
Official website here: www.drpeppermuseum.com
What is the revenue of Dr Pepper Museum And Free Enterprise Institute?
Dr Pepper Museum And Free Enterprise Institute's revenue in 2022 was $2,874,630.
Official website here: www.drpeppermuseum.com
Who are the executives of Dr Pepper Museum And Free Enterprise Institute and what are their salaries?
The average compensation at Dr Pepper Museum And Free Enterprise Institute during 2022 was $11,363. There are 65 employees at Dr Pepper Museum And Free Enterprise Institute.
Here are 31 key members and their salaries (Dr Pepper Museum And Free Enterprise Institute's CEO's salary is $59,428 and their total compensation is $148,965):
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- Compensation: $59,428
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Official website here: www.drpeppermuseum.com
Where can I find the form 990 for Dr Pepper Museum And Free Enterprise Institute?
Dr Pepper Museum And Free Enterprise Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.drpeppermuseum.com
Learn more at the official website: www.drpeppermuseum.com
Mission Statement of Dr Pepper Museum And Free Enterprise Institute
The Dr Pepper Museum and Free Enterprise Institute is committed to educating and entertaining the general public through various means. Its primary focus is on the collection, preservation, interpretation, and exhibition of artifacts related to the history of the soft drink industry. By showcasing this industry, the institution aims to shed light on the principles of the free enterprise economic system. In essence, the Dr Pepper Museum serves as an educational facility, using the history of Dr Pepper as a case study to illustrate the workings of a free-market economy.
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Impact
July, 2024
The Dr Pepper Museum and Free Enterprise Institute's impact lies in its mission to educate and entertain the general public through the collection, preservation, interpretation, and exhibition of objects relevant to the history of the soft drink industry. By preserving the history of Dr Pepper, this institution provides valuable insights into the evolution of the soft drink industry and the principles of free enterprise economics. Through its historical museum and educational facility, the organization serves as a platform for learning and understanding the significance of the soft drink industry in the context of the broader free enterprise economic system.
This information is meant to be a general summary of Dr Pepper Museum And Free Enterprise Institute. 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: $8,673
- Program Service Revenue: $1,469,696
- Gross Receipts: $2,874,630
Assets and Liabilities:
- Total Assets: $5,481,215
- Total Liabilities: $1,088,409
- Net Assets: $4,392,806
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MUSEUM ADMISSIONS
Revenue
$1,427,658
ENTERPRISE PROGRAMS
Revenue
$42,038
Organization Details
Founding Year
1983
Phone
(254) 757-1024Principal Officer
Chris Dyer
Main Address
300 S 5TH STREET, WACO, TX, 76701
Website
www.drpeppermuseum.comNTEE Category
Code: A500 - Arts
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