Overview
What is Governor's Mansion Preservation Foundation Inc?
The Governor's Mansion Preservation Foundation Inc, located in Baton Rouge, Louisiana, is a small nonprofit organization with a mission to safeguard and maintain the historical properties associated with the Louisiana Governor's Mansion. They accomplish this by procuring necessary resources for restoration and upkeep. One of their primary activities is selling Christmas ornaments to raise funds for their cause. The foundation's ultimate goal is to contribute to the educational and cultural growth of Louisiana's population through the preservation of these significant historical sites.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
The Governor's Mansion Preservation Foundation Inc has received a One-Star out of Four Star rating from Charity Navigator, indicating potential concerns regarding its financial practices. The score is primarily based on its Accountability & Finance measures, which are critical for assessing the organization's transparency and financial health.
Despite the low overall rating, the foundation demonstrates strengths in certain areas, such as having a fully independent board and effectively documenting board meeting minutes. Additionally, the foundation allocates a significant portion of its resources to its programs, with an impressive program expense ratio of 86.13%.
However, the organization faces serious drawbacks, particularly with a liabilities to assets ratio of 199.60%, suggesting it may be over-leveraged. This concern, among others, has contributed to its low rating, highlighting the need for improved financial management practices to ensure long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Governor's Mansion Preservation Foundation Inc legitimate?
Governor's Mansion Preservation Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Governor's Mansion Preservation Foundation 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: $2,700
For more financial information, click here
What is the mission statement of Governor's Mansion Preservation Foundation Inc?
The Governor's Mansion Preservation Foundation Inc's mission is centered around the preservation and refurbishment of the historical residences belonging to the Governors of Louisiana. Their primary objective is to safeguard and manage these assets, aiming to contribute to the educational and cultural growth of Louisiana's population. To accomplish this, they identify and secure resources, utilizing various means, such as selling Christmas ornaments, to fund their initiatives. The ultimate goal is to enrich the cultural heritage and provide an educational experience for the people of Louisiana.
Who is the CEO of Governor's Mansion Preservation Foundation Inc?
Blair Edwards is the Executive Board of Governor's Mansion Preservation Foundation Inc.
What is the revenue of Governor's Mansion Preservation Foundation Inc?
Governor's Mansion Preservation Foundation Inc's revenue in 2022 was $127,340.
Who are the executives of Governor's Mansion Preservation Foundation Inc and what are their salaries?
The average compensation at Governor's Mansion Preservation Foundation Inc during 2022 was $2,700. There is 1 employee at Governor's Mansion Preservation Foundation Inc.
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 Governor's Mansion Preservation Foundation Inc?
Governor's Mansion Preservation Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Governor's Mansion Preservation Foundation Inc
The Governor's Mansion Preservation Foundation Inc is a nonprofit organization with a mission to safeguard and manage resources dedicated to the restoration and conservation of the Louisiana Governors Mansion properties. Their primary objective is to enhance the educational and cultural landscape of Louisiana's people through the preservation of these historical sites. The Foundation achieves this by identifying and securing assets that contribute to the refurbishment and upkeep of the Governor's Mansion properties, thus ensuring their longevity and continued significance in the state's history. One way the Foundation raises funds for this mission is by selling Christmas ornaments. This activity not only supports the preservation efforts but also offers a tangible way for individuals to contribute to the conservation of an essential part of Louisiana's heritage.
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Impact
October, 2024
The Governor's Mansion Preservation Foundation Inc plays a vital role in safeguarding a historic landmark, ensuring that the Louisiana Governor's Mansion remains a cultural and educational resource for the community. By securing and managing assets for refurbishment and maintenance, the foundation helps preserve the architectural integrity and historical significance of the Mansion properties.
Through initiatives such as selling Christmas ornaments, the foundation raises necessary funds to support its mission, engaging the public in the importance of preserving local history. As a result, it enhances the cultural heritage of Louisiana, providing educational opportunities that connect citizens to their state's rich history. The foundation cultivates a deeper appreciation for the arts and history while promoting community involvement and pride in preserving important local landmarks.
This information is meant to be a general summary of Governor's Mansion Preservation Foundation 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.
- Gross Receipts: $142,599
Assets and Liabilities:
- Total Assets: $50,112
- Total Liabilities: $100,026
- Net Assets: -$49,914
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Organization Details
Founding Year
2016
Phone
(225) 342-7015Principal Officer
Blair Edwards
Main Address
1101 Capital Acess Rd, Baton Rouge, LA, 70802
NTEE Category
Code: A80 - Arts
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