Overview
What is Offshore Rig Museum Inc?
Offshore Rig Museum Inc, operating under the name Energy Education Foundation, is a nonprofit based in Houston, Texas. Located at 1414 Enclave Parkway, the organization's primary goal is to foster awareness and understanding of the world's hydrocarbon energy resources. During 2022, the museum welcomed 31,188 visitors, engaging them through various programs such as Family Days, Tour Plus, Education Tours, Senior Tours, and Scout Days, among others. The Energy Education Foundation is committed to supporting global stewardship in communities that develop hydrocarbon resources, preserving the unique heritage and technical achievements of the industries that discover, produce, and deliver energy safely and in an environmentally responsible manner. With a workforce of 29 individuals, the museum serves as an educational hub for the public to learn about the significance of hydrocarbon energy in our daily lives.
Official website here: www.energyeducation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star rating
The Offshore Rig Museum Inc has received a solid rating of 87%, reflecting its effective financial management and accountability practices. The organization boasts a high score of 90% in Accountability & Finance, with all board members being independent and a strong emphasis on financial oversight. Their program expense ratio is commendable at 84.08%, indicating that a significant portion of their funds is directed towards their mission.
However, while the organization performs well in many areas, there are gaps in its policies. The absence of a whistleblower policy and a document retention and destruction policy has resulted in lower scores in those categories. These missing elements could potentially impact the overall governance and transparency of the organization, as noted in the Culture & Community score of 79.
Overall, the Offshore Rig Museum Inc demonstrates strong financial health and commitment to its mission, but it may benefit from addressing its governance policies to enhance its accountability framework further.
This AI summary has been generated from information found on Charity Navigator.
Is Offshore Rig Museum Inc legitimate?
Offshore Rig Museum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Offshore Rig 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: $86,489
Professional Fundraising Fees: $0
Other Salaries and Wages: $618,709
For more financial information, click here
Official website here: www.energyeducation.org
What is the mission statement of Offshore Rig Museum Inc?
The Offshore Rig Museum Inc's mission is centered around promoting awareness and understanding of the world's hydrocarbon energy resources. The Energy Education Foundation, associated with the museum, strives to expand public knowledge about the vast hydrocarbon resources beneath the earth's surface. They also aim to advocate for responsible stewardship in communities that develop these resources. Furthermore, the foundation seeks to preserve and showcase the unique heritage and technical achievements of the industries involved in discovering, producing, and delivering energy to humanity in a safe and environmentally friendly manner.
Official website here: www.energyeducation.org
What is the revenue of Offshore Rig Museum Inc?
Offshore Rig Museum Inc's revenue in 2023 was $871,212.
Official website here: www.energyeducation.org
Who are the executives of Offshore Rig Museum Inc and what are their salaries?
The average compensation at Offshore Rig Museum Inc during 2023 was $39,178. There are 18 employees and 48 volunteers at Offshore Rig Museum Inc.
Here are 32 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $55,156
- Related: $0
- Other: $0
Official website here: www.energyeducation.org
Where can I find the form 990 for Offshore Rig Museum Inc?
Offshore Rig Museum Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.energyeducation.org
Learn more at the official website: www.energyeducation.org
Mission Statement of Offshore Rig Museum Inc
Offshore Rig Museum Inc, through its Energy Education Foundation, is committed to enhancing public understanding and appreciation of the vast hydrocarbon energy resources hidden beneath the Earth's surface. The organization's mission is twofold: firstly, it aims to foster global stewardship in communities that develop these resources. This involves promoting responsible utilization of these resources and ensuring that the communities benefit from their extraction. Secondly, Offshore Rig Museum Inc is dedicated to preserving the unique heritage and technical achievements of the industries responsible for discovering, producing, and delivering energy to humanity. By doing so, it contributes to the safe and environmentally responsible development of these vital resources.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Offshore Rig Museum Inc, through its Ocean Star Offshore Drilling Rig Museum and Education Center, has had a significant impact on promoting awareness, teachings, and understanding of the world's hydrocarbon energy resources. In 2022, the museum welcomed 31,188 visitors through various programs such as family days, tour plus programs, education tours, senior tours, and scout days.
The organization's mission to expand awareness of hydrocarbon energy resources and support global stewardship in the communities involved in energy development is commendable. By chronically the heritage and technical achievements of the energy industries in a safe and environmentally responsible manner, Offshore Rig Museum Inc plays a vital role in educating the public about the importance of energy resources in a sustainable way.
Through their efforts, Offshore Rig Museum Inc is effectively using the platform of the museum to engage and educate individuals about the energy industry's impact and technological advancements. Their work contributes to fostering a greater understanding of the energy sector and its significance in global energy sustainability.
This information is meant to be a general summary of Offshore Rig 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 2023.
- Investment Income: $85,250
- Program Service Revenue: $246,022
- Gross Receipts: $1,031,494
Assets and Liabilities:
- Total Assets: $5,890,947
- Total Liabilities: $221,581
- Net Assets: $5,669,366
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MUSEUM ADMISSION FEES
Revenue
$246,022
Organization Details
Founding Year
1989
Principal Officer
James J Parr
Website
www.energyeducation.orgNTEE Category
Code: A500 - Arts
If you are a representative of Offshore Rig Museum Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.