Overview
What is Swenson Memorial Museum?
Swenson Memorial Museum is a nonprofit institution based in Breckenridge, Texas. Situated at PO Box 350, this organization is dedicated to preserving local history and artifacts for the enjoyment of both city and county residents, as well as visitors. The museum's primary mission is to maintain and operate a public space showcasing area history, ensuring that past stories and treasures continue to enrich the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Stars
Swenson Memorial Museum has received a low rating of 53%, reflecting concerns primarily in its accountability and financial practices. The organization lacks independent board members and has several missing policies, such as conflict of interest and whistleblower policies, which are critical for effective governance. While the museum has reported no material diversion of assets, its deficiencies in transparency and governance have impacted its overall score.
Despite these governance issues, the museum has demonstrated strong financial health, evidenced by a program expense ratio of 100%, indicating that all expenditures go directly toward its programs. Additionally, the museum has a favorable liabilities to assets ratio of 0.17%, suggesting it manages its financial obligations responsibly.
Overall, the Swenson Memorial Museum has significant strengths in financial management but suffers from notable weaknesses in governance and transparency. For potential donors or supporters, these factors are essential to consider when evaluating the organization’s effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Swenson Memorial Museum legitimate?
Swenson Memorial Museum is a legitimate nonprofit organization registered as a 501(c)(3) entity. Swenson Memorial Museum 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $10,027
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What is the mission statement of Swenson Memorial Museum?
The Swenson Memorial Museum's mission is centered around maintaining and operating a public museum that showcases the local history and artifacts. This institution serves to educate and entertain the city and county residents, as well as visitors to the area, by preserving and showcasing historical information in an engaging manner.
Who is the CEO of Swenson Memorial Museum?
Scott Harris is the President of Swenson Memorial Museum.
What is the revenue of Swenson Memorial Museum?
Swenson Memorial Museum's revenue in 2022 was $43,894.
Who are the executives of Swenson Memorial Museum and what are their salaries?
Here are 15 key members and their salaries:
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Where can I find the form 990 for Swenson Memorial Museum?
Swenson Memorial Museum's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Swenson Memorial Museum
The Swenson Memorial Museum, as a public institution, is dedicated to the preservation and showcasing of the local area's history and artifacts. Its primary mission is to maintain and operate this museum, ensuring that it remains accessible to both city and county residents, as well as visitors to the area. By doing so, the museum provides an opportunity for the community to engage with and learn from its past, fostering a sense of heritage and connection to the region.
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Impact
August, 2024
The Swenson Memorial Museum serves as a vital cultural and educational asset in BRECKENRIDGE, TX. Its impact extends beyond just being a public museum; it plays a crucial role in preserving the history and heritage of the local area for the benefit and enjoyment of city and county residents as well as visitors. By showcasing historical artifacts and providing informative exhibits, the museum helps to connect people to the past, fostering a sense of appreciation and understanding of the community's heritage. Additionally, the museum contributes to the local economy by attracting tourists and supporting cultural tourism in the region. Its efforts in maintaining and operating a public museum are essential in ensuring that future generations have access to this rich historical legacy.
This information is meant to be a general summary of Swenson Memorial Museum. 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: $16
- Program Service Revenue: $271
- Gross Receipts: $43,894
Assets and Liabilities:
- Total Assets: $170,058
- Total Liabilities: $300
- Net Assets: $169,758
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Artifact sales
Revenue
$271
Organization Details
Founding Year
1969
Phone
(254) 559-8471Principal Officer
Scott Harris
Main Address
P O Box 350, Breckenridge, TX, 764241638
NTEE Category
Code: A540 - Arts
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