Overview
What is The O'Keeffe Museum Foundation?
The O'Keeffe Museum Foundation is a nonprofit organization based in Santa Fe, New Mexico, specifically at 217 Johnson Street, with the mission to support and carry out the purposes of the Georgia O'Keeffe Museum. The foundation plays a significant role in the development of the museum's capital campaign for a new museum facility. In 2021, the museum announced an ambitious plan to create a reimagined world-class museum building, which will be approximately 54,000 square feet on a one-acre lot. The museum intends to break ground in the fall of 2023, with the schematic design already approved by the board of trustees. The foundation's activities are exclusively dedicated to serving the Georgia O'Keeffe Museum and its collections.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 45% (Zero-Star out of Four Star rating)
The O'Keeffe Museum Foundation received a 45% rating from Charity Navigator, indicating significant concerns regarding its financial management, which is the sole basis for this rating. While the organization demonstrates strong governance practices with an independent board and compliance with various policies, these strengths are overshadowed by poor financial performance metrics.
The organization's program expense ratio of 28.17% and a fundraising efficiency ratio of just $0.03 are particularly alarming, suggesting that a minimal portion of its funding is allocated to programs that directly benefit its mission. Additionally, the liabilities to assets ratio of 4.65% raises concerns about its financial stability and ability to sustain operations effectively.
While the foundation has established governance frameworks that are commendable, the overall financial health and efficiency of the nonprofit leave much to be desired. This rating underscores the necessity for improvements in its financial management to enhance its impact and sustainability moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is The O'Keeffe Museum Foundation legitimate?
The O'Keeffe Museum Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The O'Keeffe 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: $0
Professional Fundraising Fees: $96,000
Other Salaries and Wages: $227,284
For more financial information, click here
What is the mission statement of The O'Keeffe Museum Foundation?
The O'Keeffe Museum Foundation functions to support and carry out the purposes of the Georgia O'Keeffe Museum. Its primary role is to benefit the museum and its collections, contributing significantly to their care and development. Currently, the foundation is involved in the capital campaign for a proposed new museum, with plans for a world-class facility and community green space. The new museum building, which is 54,000 square feet on a one-acre lot, is set to break ground in the fall of 2023. The schematic design has been approved by the board of trustees, and the museum is now in the next phase of design and development.
What is the revenue of The O'Keeffe Museum Foundation?
The O'Keeffe Museum Foundation's revenue in 2023 was $10,503,413.
Who are the executives of The O'Keeffe Museum Foundation and what are their salaries?
There 5 volunteers at The O'Keeffe Museum Foundation.
Here are 5 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
Where can I find the form 990 for The O'Keeffe Museum Foundation?
The O'Keeffe Museum Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The O'Keeffe Museum Foundation
The O'Keeffe Museum Foundation is a vital organization dedicated to supporting and carrying out the purposes of the Georgia O'Keeffe Museum. Established exclusively for this benefit, the Foundation plays an integral role in the museum's development, including the ongoing capital campaign for a proposed new museum facility. The Foundation's mission is threefold: to support, perform functions for, and carry out the purposes of the prestigious Georgia O'Keeffe Museum and its collections.
In 2021, the Museum unveiled an ambitious vision to create a reimagined world-class museum facility and community green space. This new building, spanning 54,000 square feet on a one-acre lot, will serve as a testament to the legacy of the renowned artist, Georgia O'Keeffe. With the schematic design already approved by the Board of Trustees, the Museum is currently in the next phase of design and development. The Foundation's commitment to this project is unwavering, and it is anticipated that groundbreaking will take place in the fall of 2023. The new museum facility is not only an exciting development for art enthusiasts but also a significant investment in the preservation and celebration of O'Keeffe's artistic legacy.
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
October, 2024
The O'Keeffe Museum Foundation plays a crucial role in enhancing the cultural landscape of Santa Fe through its support of the Georgia O'Keeffe Museum and its initiatives. By facilitating the development of a proposed new museum, the foundation is contributing to the creation of a world-class facility that will not only showcase the iconic work of Georgia O'Keeffe but also serve as a vibrant community hub.
The planned 54,000-square-foot museum, set to break ground in fall 2023, is designed with the vision of inclusivity and accessibility in mind. It aims to provide a space that celebrates O'Keeffe's legacy while also fostering a connection between the arts and the community. This reimagined facility will include both exhibition spaces and green areas, reflecting a commitment to environmental stewardship and community engagement.
Through its capital campaign efforts, the foundation ensures the ongoing care and preservation of the museum's collections, thereby safeguarding O'Keeffe’s artistic contributions for future generations. The approval of the schematic design by the board of trustees marks a significant milestone in realizing this ambitious project, solidifying the foundation's impact on both the museum's evolution and the broader arts community.
This information is meant to be a general summary of The O'Keeffe 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 2023.
- Investment Income: $1,720,171
- Gross Receipts: $10,784,952
Assets and Liabilities:
- Total Assets: $65,397,533
- Total Liabilities: $3,043,487
- Net Assets: $62,354,046
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2016
Principal Officer
Jane Bagwell
NTEE Category
Code: A11 - Arts
If you are a representative of The O'Keeffe Museum Foundation 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.