Overview
What is El Paso Museum Of Art Foundation?
The El Paso Museum of Art Foundation is a nonprofit organization established with the purpose of establishing a perpetual endowment fund. Located at 1 ARTS FESTIVAL PLAZA, El Paso, TX 79901, this foundation's main goal is to support the El Paso Museum of Art. Annually, a portion of the capital appreciation and earnings from this endowment fund is distributed to the museum. These funds are utilized for various purposes, including acquiring new art pieces, restoring and preserving existing artworks, and engaging experts for advertising, education, and consultation services. Essentially, the El Paso Museum of Art Foundation plays a vital role in nurturing and enriching the artistic heritage of the El Paso Museum of Art.
Official website here: www.elpasoartmuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
The El Paso Museum of Art Foundation has achieved an 83% rating, indicating a solid level of accountability and financial health. This score is derived solely from the Accountability & Finance beacon, reflecting the organization's commitment to transparency and responsible management of resources.
Strengths of the organization include a fully independent board of directors, with 10 out of 10 points awarded for having a majority of independent members. The museum demonstrates strong financial stewardship, as evidenced by a program expense ratio of 90.25%, ensuring that a significant portion of its funds directly supports its programs. There are no reported material diversions of assets, further highlighting its financial integrity.
However, the Foundation lacks a whistleblower policy and document retention policy, which may raise concerns about internal oversight and operational safeguards. Despite these limitations, the overall performance reflects a well-managed organization focused on its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about El Paso Museum Of Art Foundation?
90% of 943 reviewers on Facebook recommend the El Paso Museum Of Art Foundation. Here is a summary of their reviews:
Visitors describe their experiences at the museum as highly enjoyable, often highlighting the variety of art exhibited. Many appreciate the engaging atmosphere and the range of events hosted that make art accessible to the community. Enthusiastic feedback suggests that attendees find the museum to offer exciting and enriching experiences.
Overall, the sentiment surrounding the El Paso Museum Of Art Foundation is overwhelmingly positive, with numerous patrons expressing satisfaction with both the quality of the exhibits and the value of the educational opportunities provided. The feedback indicates a commitment to delivering a memorable arts experience to all who visit.
This AI summary has been generated from reviews found on Facebook.
Is El Paso Museum Of Art Foundation legitimate?
El Paso Museum Of Art Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. El Paso Museum Of Art 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:
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Official website here: www.elpasoartmuseum.org
What is the mission statement of El Paso Museum Of Art Foundation?
The El Paso Museum Of Art Foundation's mission is centered around establishing a perpetual endowment fund. This fund is intended to support the El Paso Museum of Art. Annually, a portion of the fund's capital appreciation and earnings are distributed for various purposes. These include acquiring new art pieces, preserving and restoring existing artworks, and providing educational and interpretative programs. The foundation engages experts to help advertise, educate, and consult with the museum, contributing to its overall growth and development.
Official website here: www.elpasoartmuseum.org
What is the revenue of El Paso Museum Of Art Foundation?
El Paso Museum Of Art Foundation's revenue in 2023 was $338,225.
Official website here: www.elpasoartmuseum.org
Who are the executives of El Paso Museum Of Art Foundation and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.elpasoartmuseum.org
Where can I find the form 990 for El Paso Museum Of Art Foundation?
El Paso Museum Of Art Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.elpasoartmuseum.org
Learn more at the official website: www.elpasoartmuseum.org
Mission Statement of El Paso Museum Of Art Foundation
The El Paso Museum of Art Foundation is committed to establishing a perpetual endowment fund to bolster the El Paso Museum of Art. A portion of the capital appreciation and earnings derived from this fund is distributed annually to the museum. This allocation is primarily utilized for several purposes, including the acquisition of new art pieces, preservation and conservation of existing artworks, and education and interpretation initiatives. By channeling funds towards these areas, the El Paso Museum of Art Foundation aims to enrich its collection, ensure the longevity of its exhibits, and promote a deeper understanding and appreciation of art among its visitors.
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Impact
July, 2024
The El Paso Museum Of Art Foundation's impact can be seen in its mission to create a permanent endowment fund to support the El Paso Museum of Art. This fund helps in acquiring works of art, restoring and maintaining artworks, as well as engaging experts to provide advertising, education, and consultation services to the museum. By distributing a portion of the capital appreciation and earnings annually, the foundation contributes significantly to the acquisitions, conservation, preservation, and educational initiatives of the El Paso Museum of Art. Through these efforts, the foundation plays a crucial role in sustaining and enriching the arts scene in El Paso, Texas.
This information is meant to be a general summary of El Paso Museum Of Art 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: $127,764
- Gross Receipts: $338,225
Assets and Liabilities:
- Total Assets: $5,777,166
- Total Liabilities: $0
- Net Assets: $5,777,166
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Organization Details
Founding Year
1998
Principal Officer
Estuardo Alvelais
Website
www.elpasoartmuseum.orgNTEE Category
Code: A115 - Arts
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