Overview
What is Newport Car Museum Incorporated?
Newport Car Museum Incorporated, located at 1947 WEST MAIN STREET, Portsmouth, RI 02871, is a nonprofit organization dedicated to the preservation and promotion of classic automobiles and associated design and manufacturing history. With a team of 22 employees, they establish a museum for public access, housing an array of culturally and historically significant vehicles and unique furniture designs. Their mission involves collecting, exhibiting, researching, and presenting these artifacts to engage and educate the general public. They also maintain libraries to reference the design and manufacturing processes of these vehicles.
Official website here: www.newportcarmuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%, Two-Star out of Four Star Rating)
The Newport Car Museum Incorporated has received a Two-Star rating, indicating that while it has solid accountability and financial practices, there are significant areas needing improvement. The organization excels in areas like having a fully independent board and a strong program expense ratio of 72.75%, reflecting effective allocation towards its mission-driven activities.
However, the nonprofit's financial transparency is a concern as it has not made financial statements available, resulting in a score of zero for that category. Additionally, the absence of a whistleblower policy and a document retention policy detracts from its overall accountability measures. Despite these shortcomings, the museum demonstrates a commitment to responsible governance through its policies on conflict of interest and the documentation of board meeting minutes.
Overall, while Newport Car Museum has strengths in governance and program efficiency, the lack of financial transparency and certain policy gaps suggest the need for improvements to enhance trust and credibility with potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Newport Car Museum Incorporated legitimate?
Newport Car Museum Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newport Car Museum Incorporated 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: $467,712
For more financial information, click here
Official website here: www.newportcarmuseum.org
What is the mission statement of Newport Car Museum Incorporated?
The Newport Car Museum Incorporated is established with the purpose of creating a public classic car museum and libraries, serving as a reference for the design and manufacturing of these vehicles. The primary objective of the museum is to collect, display, preserve, research, and present automobiles and unique furniture designs of cultural and historical significance. The aim is to inspire and engage the general public for educational and enjoyable purposes. The museum's activities are focused on preserving the rich history of these vehicles and making it accessible to the public, promoting an appreciation for automotive design and craftsmanship.
Official website here: www.newportcarmuseum.org
Who is the CEO of Newport Car Museum Incorporated?
Gunther Buerman is the Chairman of Newport Car Museum Incorporated.
Official website here: www.newportcarmuseum.org
What is the revenue of Newport Car Museum Incorporated?
Newport Car Museum Incorporated's revenue in 2022 was $1,403,601.
Official website here: www.newportcarmuseum.org
Who are the executives of Newport Car Museum Incorporated and what are their salaries?
The average compensation at Newport Car Museum Incorporated during 2022 was $21,260. There are 22 employees and 20 volunteers at Newport Car Museum Incorporated.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.newportcarmuseum.org
Where can I find the form 990 for Newport Car Museum Incorporated?
Newport Car Museum Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newportcarmuseum.org
Learn more at the official website: www.newportcarmuseum.org
Mission Statement of Newport Car Museum Incorporated
The Newport Car Museum Incorporated is dedicated to establishing a public classic car museum while also establishing libraries as resources for exploring the design and manufacturing processes of these iconic vehicles. This esteemed organization's primary purpose is to collect, display, preserve, and research automobiles and furniture designs of cultural and historical significance. By showcasing these treasures, the museum aims to inspire and engage the general public for educational and enjoyment purposes. The Newport Car Museum Incorporated is committed to preserving these automobiles and their histories, fostering an appreciation for the craftsmanship and innovation that went into their creation. The museum's collections serve as a valuable educational resource, allowing visitors to gain a deeper understanding of the evolution of automotive design and its impact on culture and society.
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Impact
July, 2024
The impact of Newport Car Museum Incorporated is evident in its establishment of a classic car museum that serves the public and provides a valuable resource for libraries interested in the design and manufacture of these vehicles. By collecting and displaying automobiles and unique furniture designs of cultural and historical importance, the museum preserves, researches, and presents these artifacts to inspire and engage the general public for educational and entertainment purposes. This initiative contributes to the preservation and appreciation of automotive history while offering a unique cultural experience.
This information is meant to be a general summary of Newport Car Museum Incorporated. 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.
- Program Service Revenue: $693,744
- Gross Receipts: $1,578,167
Assets and Liabilities:
- Total Assets: $2,476,161
- Total Liabilities: $527,600
- Net Assets: $1,948,561
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$690,144
EVENTS
Revenue
$3,600
Organization Details
Founding Year
2016
Phone
(401) 848-2277Principal Officer
Gunther Buerman
Main Address
1947 WEST MAIN STREET, PORTSMOUTH, RI, 02871
Website
www.newportcarmuseum.orgNTEE Category
Code: A54 - Arts
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