Overview
What is Texas State History Museum Foundation?
The Texas State History Museum Foundation is a nonprofit organization located in Austin, Texas, specifically at 1800 N Congress Avenue 4th FL. Its primary mission is to support the Bob Bullock Texas State History Museum, contributing to areas not covered by state appropriations. The foundation has been instrumental in funding various initiatives, such as special exhibitions, scholarships for schoolchildren to visit the museum, educational programming for both children and adults, and the renovated first-floor Texas History Gallery featuring La Belle. The organization's activities are geared towards promoting awareness and raising funds for the museum, aiming to enrich and educate the public about Texas's historical heritage. With a dedicated team of two employees, the foundation has made significant strides in preserving and sharing the state's rich history and culture.
Official website here: www.tshmf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Stars
The Texas State History Museum Foundation has received a rating of 52%, resulting in a One-Star designation. This score is heavily influenced by its Accountability & Finance metrics, which reflect the organization's commitment to transparency and responsible financial management. While the foundation has a fully independent board and maintains robust financial oversight, some critical areas such as its whistleblower policy and tax form accessibility have been noted as lacking.
Strengths of the organization include its fully independent board and a strong audit and oversight committee, both of which contribute positively to its accountability score. Additionally, the foundation has demonstrated no material diversion of assets, enhancing its trustworthiness. However, the notably low program expense ratio of 49.24% raises concerns about the allocation of funds towards its mission-related activities.
On the downside, the absence of a whistleblower policy and the missing tax forms on its website point to potential gaps in governance and public transparency. Furthermore, the liabilities to assets ratio is concerning at 3.61%, suggesting that the organization may face challenges in financial stability. Overall, while the Texas State History Museum Foundation has established a solid governance framework, improvements in financial management and transparency practices are necessary for a better rating.
This AI summary has been generated from information found on Charity Navigator.
Is Texas State History Museum Foundation legitimate?
Texas State History Museum Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas State History 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: $136,383
Professional Fundraising Fees: $122,175
Other Salaries and Wages: $19,201
For more financial information, click here
Official website here: www.tshmf.org
What is the mission statement of Texas State History Museum Foundation?
The Texas State History Museum Foundation's mission is centered around promoting awareness and raising funds to support the Bob Bullock Texas State History Museum. Their primary objective is to ensure that the museum receives necessary resources beyond state appropriations. Through their fundraising efforts, they have facilitated special exhibitions, sponsored educational programs for children and adults, and even funded scholarships for schoolchildren to visit the museum. Notably, their contributions led to the renovation of the first-floor Texas History Gallery, featuring La Belle.
Official website here: www.tshmf.org
Who is the CEO of Texas State History Museum Foundation?
Jacqui Schraad is the Trustee of Texas State History Museum Foundation.
Official website here: www.tshmf.org
What is the revenue of Texas State History Museum Foundation?
Texas State History Museum Foundation's revenue in 2022 was $1,226,020.
Official website here: www.tshmf.org
Who are the executives of Texas State History Museum Foundation and what are their salaries?
The average compensation at Texas State History Museum Foundation during 2022 was $77,792. There are 2 employees and 40 volunteers at Texas State History Museum Foundation.
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Official website here: www.tshmf.org
Where can I find the form 990 for Texas State History Museum Foundation?
Texas State History Museum Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tshmf.org
Learn more at the official website: www.tshmf.org
Mission Statement of Texas State History Museum Foundation
The Texas State History Museum Foundation is dedicated to promoting awareness and raising funds to support the Bob Bullock Texas State History Museum. In pursuit of this mission, the foundation provides essential financial backing to the museum, covering areas not covered by state appropriations. Through its fundraising initiatives, the organization has enabled special exhibitions at the museum, offered scholarships to enable schoolchildren to visit, and supported educational programming for both children and adults. Notably, the foundation played a significant role in renovating the first-floor Texas History Gallery, featuring La Belle, a French colonial ship that was a key part of the museum's collection. By doing so, the Texas State History Museum Foundation contributes significantly to preserving and disseminating the state's rich historical heritage.
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Impact
July, 2024
The Texas State History Museum Foundation's impact lies in its support of the Bob Bullock Texas State History Museum. By raising funds and promoting awareness, the Foundation has facilitated special exhibitions, provided scholarships for schoolchildren to visit the museum, offered educational programming for both children and adults, and contributed to the renovation of the first-floor Texas History Gallery featuring La Belle. Through these efforts, the Foundation enhances the museum's offerings and ensures that its educational and cultural value continue to benefit the community.
This information is meant to be a general summary of Texas State History 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: $183,610
- Gross Receipts: $2,946,344
Assets and Liabilities:
- Total Assets: $7,079,346
- Total Liabilities: $34,945
- Net Assets: $7,044,401
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Organization Details
Founding Year
1999
Phone
(512) 320-8204Principal Officer
Jacqui Schraad
Main Address
1800 N CONGRESS AVENUE 4TH FL, AUSTIN, TX, 78701
Website
www.tshmf.orgNTEE Category
Code: T12 - Philanthropy
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