Overview
What is National Corvette Museum Foundation Inc?
The National Corvette Museum Foundation Inc, based in Bowling Green, Kentucky, is a nonprofit organization dedicated to preserving the history and heritage of the Corvette automobile. Their primary mission is to educate the public and serve all visitors by providing engaging tours and exhibits. During 2022, they welcomed 218,474 people, amongst whom were 3,191 students, for tours showcasing a 13-minute video on the history of the Corvette and period-era exhibits. One exhibit features an authentic scene from the Corvette assembly plant, where workers share firsthand accounts of their career in automobile manufacturing. The museum functions as a repository for historical Corvette documents and aims to enlighten visitors about the design, development, assembly, and history of the Corvette and the automotive industry. With a team of 198 employees, the National Corvette Museum Foundation Inc continues to inspire interest and knowledge about this iconic American vehicle.
Official website here: www.corvettemuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star Rating
The National Corvette Museum Foundation Inc has achieved a strong score of 90% from Charity Navigator, reflecting its commitment to accountability and effective financial management. With an impressive Accountability & Finance Score of 96, the organization demonstrates strong oversight practices, including an independent board consisting of 93% members, which enhances its governance and transparency.
While the organization excels in many areas, its Impact & Measurement Score of 73 suggests there may be room for improvement in assessing and reporting the outcomes of its programs. Nevertheless, the Foundation maintains a healthy financial profile with a low liabilities to assets ratio of 12.44% and a program expense ratio of 74.53%, indicating that a significant portion of its funding is directed toward its programs rather than administrative costs.
Additionally, the organization showcases robust policies for conflict of interest, whistleblower protection, and document retention, further solidifying its credibility. Overall, the National Corvette Museum Foundation Inc is recognized for its strong financial health and governance practices, although it may seek to enhance its impact measurements to provide further insights into its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is National Corvette Museum Foundation Inc legitimate?
National Corvette Museum Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Corvette Museum 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: $566,159
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,061,675
For more financial information, click here
Official website here: www.corvettemuseum.org
What is the mission statement of National Corvette Museum Foundation Inc?
The National Corvette Museum Foundation, Inc. is dedicated to preserving the history and heritage of the Corvette automobile. The organization serves as a repository for historical Corvette documents and aims to educate the public about the design, development, assembly, and history of the Corvette and the automotive industry. In 2022, the museum provided educational tours to over 218,000 visitors, including 3,191 students, showcasing a 13-minute video on the history of the Corvette and educational period-era exhibits. One notable exhibit features a scene from the Corvette assembly plant, allowing visitors to learn first-hand from workers about the intricacies of building automobiles.
Official website here: www.corvettemuseum.org
Who is the CEO of National Corvette Museum Foundation Inc?
Sharon Brawner is the Ceo/President of National Corvette Museum Foundation Inc. The CEO's salary of National Corvette Museum Foundation Inc is $264,725 and their total compensation is $286,819.
Official website here: www.corvettemuseum.org
What is the revenue of National Corvette Museum Foundation Inc?
National Corvette Museum Foundation Inc's revenue in 2022 was $20,794,905.
Official website here: www.corvettemuseum.org
Who are the executives of National Corvette Museum Foundation Inc and what are their salaries?
The average compensation at National Corvette Museum Foundation Inc during 2022 was $23,373. There are 198 employees and 290 volunteers at National Corvette Museum Foundation Inc.
Here are 20 key members and their salaries (National Corvette Museum Foundation Inc's CEO's salary is $264,725 and their total compensation is $286,819):
- Compensation: $264,725
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- Other: $22,094
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- Compensation: $127,194
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- Other: $8,778
- Compensation: $128,241
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- Other: $15,126
- Compensation: $119,177
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- Other: $14,657
- Compensation: $110,845
- Related: $0
- Other: $14,300
- Compensation: $105,050
- Related: $0
- Other: $13,983
Official website here: www.corvettemuseum.org
Where can I find the form 990 for National Corvette Museum Foundation Inc?
National Corvette Museum Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.corvettemuseum.org
Learn more at the official website: www.corvettemuseum.org
Mission Statement of National Corvette Museum Foundation Inc
The National Corvette Museum Foundation, Inc. is dedicated to preserving the history and heritage of the iconic Corvette automobile and enlightening the public about its design, development, assembly, and the broader context of the automotive industry. The Foundation serves as a repository for significant Corvette documents and offers educational tours that attract a substantial number of visitors each year.
During the year 2022, the Foundation welcomed 218,474 people and welcomed 3,191 students on educational tours. These tours include an engaging 13-minute video chronicling the rich history of the Corvette, as well as period-era exhibits that offer insider perspectives. One such exhibit features an authentic scene from the Corvette assembly plant, where former workers share their personal experiences of crafting these automotive masterpieces. Through these immersive tours and exhibits, the National Corvette Museum Foundation, Inc. brings the captivating story of the Corvette to life, making it an essential destination for both auto enthusiasts and history buffs alike.
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Impact
October, 2024
The National Corvette Museum Foundation Inc significantly impacts the preservation of the Corvette's history and heritage while educating visitors about its cultural significance. In 2022, the museum provided educational tours to 218,474 individuals, including 3,191 students, showcasing the history of this iconic automobile. Visitors engage with immersive exhibits, such as a scene from the Corvette assembly plant where workers share firsthand accounts of their experiences in automobile manufacturing. This hands-on approach not only brings the story of the Corvette to life but also fosters a deeper understanding of the automotive industry.
The museum serves as a vital repository for historical Corvette documents, ensuring that the legacy of this beloved car is kept alive for future generations. By offering an engaging educational experience, the National Corvette Museum Foundation enriches the community's appreciation for automotive history and inspires a new generation of enthusiasts.
This information is meant to be a general summary of National Corvette Museum 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 2022.
- Investment Income: $268,519
- Program Service Revenue: $5,989,079
- Gross Receipts: $25,888,188
Assets and Liabilities:
- Total Assets: $82,060,290
- Total Liabilities: $10,209,297
- Net Assets: $71,850,993
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TOURS & ADMISSIONS
Revenue
$3,012,638
DELIVERY PROGRAM
Revenue
$1,783,612
SPECIAL EVENTS PROGRAMS
Revenue
$949,764
LIBRARY & ARCHIVES RESOURCE CENTE
Revenue
$181,712
AMERICA'S SPORTS CAR PUBLICATION
Revenue
$61,353
Organization Details
Founding Year
1988
Phone
(270) 781-7973Principal Officer
Sharon Brawner
Main Address
350 CORVETTE DRIVE, BOWLING GREEN, KY, 42101
Website
www.corvettemuseum.orgNTEE Category
Code: A500 - Arts
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