Overview
What is Texas Energy Museum Inc?
The Texas Energy Museum Inc, based in an undisclosed location, is a nonprofit organization dedicated to fostering a deep understanding and admiration for various energy sources, with a special focus on petroleum. They accomplish this mission by managing and operating a museum, which houses and safeguards historical and scientific artifacts related to energy, with a significant emphasis on the petroleum industry. By showcasing these objects, the museum aims to educate and inspire visitors, promoting a broader appreciation for the role of energy resources in our daily lives.
Official website here: www.texasenergymuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Texas Energy Museum Inc has achieved an impressive overall score of 96%, reflecting its strong commitment to accountability and financial transparency. The Four-Star rating indicates that the nonprofit meets high standards in governance and financial health, with no material diversions of assets reported in the most recent fiscal year, FY2022.
The organization boasts a fully independent board, with 100% of its members being independent, alongside a robust size of 16 members. Its financial statements are thoroughly reviewed, and it maintains solid ratios between liabilities and assets, demonstrating prudent financial management. The high program expense ratio of 98.82% suggests that nearly all of its resources are directed toward its mission-related activities.
However, while the nonprofit showcases a strong accountability framework including a conflict of interest policy and a whistleblower policy, no specific information regarding program outcomes or community impact was highlighted in the data. This leaves potential donors and stakeholders curious about the effectiveness of its programs beyond financial measures.
This AI summary has been generated from information found on Charity Navigator.
Is Texas Energy Museum Inc legitimate?
Texas Energy Museum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Energy Museum 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $179,326
For more financial information, click here
Official website here: www.texasenergymuseum.org
What is the mission statement of Texas Energy Museum Inc?
The Texas Energy Museum Inc's primary purpose is to promote an understanding and appreciation for various energy resources, with a special focus on petroleum. They achieve this by maintaining and operating a museum. This institution collects, preserves, interprets, and exhibits historical and scientific artifacts related to energy, specifically the petroleum industry. By doing so, the museum aims to educate and enlighten visitors about the significance of energy resources in our world.
Official website here: www.texasenergymuseum.org
Who is the CEO of Texas Energy Museum Inc?
Christle Feagin is the Board Member of Texas Energy Museum Inc.
Official website here: www.texasenergymuseum.org
What is the revenue of Texas Energy Museum Inc?
Texas Energy Museum Inc's revenue in 2022 was $504,031.
Official website here: www.texasenergymuseum.org
Who are the executives of Texas Energy Museum Inc and what are their salaries?
The average compensation at Texas Energy Museum Inc during 2022 was $44,832. There are 4 employees at Texas Energy Museum Inc.
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Official website here: www.texasenergymuseum.org
Where can I find the form 990 for Texas Energy Museum Inc?
Texas Energy Museum Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.texasenergymuseum.org
Learn more at the official website: www.texasenergymuseum.org
Mission Statement of Texas Energy Museum Inc
The Texas Energy Museum Inc, as a nonprofit organization, is dedicated to fostering an understanding and appreciation for various energy resources, with a specific focus on petroleum. They achieve this goal by meticulously collecting, preserving, interpreting, and displaying historical and scientific artifacts related to energy, with a particular emphasis on the petroleum industry. Through its museum, the Texas Energy Museum encourages visitors to gain a deeper appreciation for the role of energy resources in our daily lives and the significant impact they have had on our society and technology. By showcasing these objects, the museum strives to inspire curiosity, foster learning, and promote a greater awareness of the importance of energy in our world.
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Impact
July, 2024
Texas Energy Museum Inc's impact is significant in promoting an understanding and appreciation for petroleum and other energy resources through its museum activities. By collecting, preserving, interpreting, and exhibiting historical and scientific objects related to energy, particularly the petroleum industry, the museum educates the public about the importance and impact of energy resources. Located in Beaumont, Texas, the museum serves as a valuable resource for both residents and visitors interested in learning more about the energy sector. Through its mission to encourage understanding and appreciation for energy resources, Texas Energy Museum Inc plays a key role in raising awareness and fostering interest in this crucial industry.
This information is meant to be a general summary of Texas Energy Museum 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: $938
- Program Service Revenue: $8,553
- Gross Receipts: $638,390
Assets and Liabilities:
- Total Assets: $3,826,306
- Total Liabilities: $72,447
- Net Assets: $3,753,859
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$8,553
Organization Details
Founding Year
1987
Phone
(409) 833-5100Principal Officer
Christle Feagin
Main Address
600 MAIN STREET, BEAUMONT, TX, 77701
Website
www.texasenergymuseum.orgNTEE Category
Code: A57 - Arts
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