Overview
What is Mpa Foundation?
The Mpa Foundation, with its headquarters in Fort Worth, Texas, is a dedicated nonprofit organization. Its primary mission involves providing maintenance and operational support for the Modern Art Museum of Fort Worth. This support encompasses constructing and maintaining a facility to serve as a home for the museum's extensive art collection. By carrying out this mission, the Mpa Foundation contributes to the preservation and promotion of modern art in the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
The Mpa Foundation has received a score of 73% from Charity Navigator, signifying a Two-Star rating. This score reflects the organization's performance in accountability and finance, with a particularly strong emphasis on governance, as evidenced by their board structure and zero material diversion of assets. The foundation boasts a program expense ratio of 99.56%, indicating that nearly all of its funds are directed toward its mission-driven programs.
Strengths include a fully independent board, with 100% of its members being independent, which enhances transparency and accountability in decision-making. Additionally, the foundation has effectively maintained a liabilities to assets ratio of 0.00%, showcasing solid financial health. The organization also documents its board meeting minutes, promoting accountability and transparency in its operations.
However, despite these strengths, the overall rating of Two Stars suggests there may be areas for improvement. Potential donors and stakeholders may want to examine the foundation's performance in broader aspects of governance and long-term sustainability, as these factors can affect the overall impact of its programs.
This AI summary has been generated from information found on Charity Navigator.
Is Mpa Foundation legitimate?
Mpa Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mpa 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Mpa Foundation?
The MPA Foundation's mission is centrally focused on constructing and maintaining a facility for a modern art museum. This endeavor is aimed at providing a platform for the showcasing and preservation of contemporary art. By undertaking this mission, the foundation contributes significantly to the artistic community, fostering appreciation and understanding of modern art. The foundation's activities extend beyond construction, as it also provides maintenance and operational support for the museum, ensuring its continued operation and upkeep.
Who is the CEO of Mpa Foundation?
Craig L Kelly is the President & Treasurer of Mpa Foundation.
What is the revenue of Mpa Foundation?
Mpa Foundation's revenue in 2022 was $15,847.
Who are the executives of Mpa Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mpa Foundation?
Mpa Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mpa Foundation
The Mpa Foundation, as its name suggests, is dedicated to a significant mission. Its primary objective is to construct and maintain a facility for the Modern Art Museum of Fort Worth, Texas. This commitment extends beyond just the initial construction phase, as the foundation also provides ongoing maintenance and operational support for the museum building. By undertaking this mission, the Mpa Foundation plays a crucial role in preserving and showcasing modern art, thereby contributing to the cultural landscape and enriching the artistic experiences of its community.
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Impact
October, 2024
Mpa Foundation significantly enhances the cultural landscape of Fort Worth, Texas, through its support and maintenance of the Modern Art Museum. By providing operational backing, it ensures that the museum remains a vibrant space for contemporary art, fostering appreciation and engagement within the community. The foundation’s efforts contribute to the preservation of artistic expression, encourage educational programs, and enable exhibitions that showcase both local and international talent. Consequently, Mpa Foundation plays a crucial role in enriching the cultural fabric of the region and amplifying accessibility to the arts for all residents and visitors.
This information is meant to be a general summary of Mpa 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: $377
- Gross Receipts: $15,847
Assets and Liabilities:
- Total Assets: $50,385,211
- Total Liabilities: $0
- Net Assets: $50,385,211
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Organization Details
Founding Year
1996
Phone
(817) 338-8346Principal Officer
Craig L Kelly
Main Address
4816 CAMP BOWIE, FORT WORTH, TX, 76107
NTEE Category
Code: A110 - Arts
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