Overview
What is Penny Lane Beatles Museum Inc?
Penny Lane Beatles Museum Inc, situated in Dunedin, Florida, is a nonprofit organization dedicated to the preservation and exhibition of Beatles memorabilia and related materials. Their activities encompass the procurement, sale, acquisition, conservation, and lending of such items, with a focus on establishing and operating a museum or exhibits. Additionally, Penny Lane Beatles Museum Inc organizes traveling exhibits and engages in various promotional activities related to the iconic band. The organization's mission is to provide a platform for the appreciation and celebration of Beatles history, fostering an engaging and educational experience for visitors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (58%)
Penny Lane Beatles Museum Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score is calculated solely on the Accountability & Finance beacon, where the charity achieved a score of 58%. This rating suggests that while the organization has independent board members and no material diversion of assets, it lacks transparency in its financial reporting and fails to provide essential documents on its website.
The charity boasts a fully independent board, scoring top points in this area, and has a strong liabilities to assets ratio, demonstrating sound financial health. However, the lack of publicly available financial statements is a major limitation, resulting in a low score for financial transparency. Additionally, critical documents such as tax forms and a document retention policy are missing, which further detracts from the organization's credibility.
Despite these weaknesses, Penny Lane Beatles Museum Inc has implemented conflict of interest and whistleblower policies, indicating some commitment to good governance. Nevertheless, the absence of key financial documents and the overall low score suggest that potential donors should exercise caution and seek further information before contributing to the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Penny Lane Beatles Museum Inc legitimate?
Penny Lane Beatles Museum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Penny Lane Beatles 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: $0
For more financial information, click here
What is the mission statement of Penny Lane Beatles Museum Inc?
The Penny Lane Beatles Museum Inc's mission is centered around the collection, preservation, and exhibition of Beatles memorabilia and related materials. This includes the operation of a museum or exhibits, organizing traveling exhibits, and engaging in various promotional activities. The primary goal is to showcase and share the rich history and legacy of the Beatles with the public.
What is the revenue of Penny Lane Beatles Museum Inc?
Penny Lane Beatles Museum Inc's revenue in 2022 was $724,193.
Who are the executives of Penny Lane Beatles Museum Inc and what are their salaries?
There 6 volunteers at Penny Lane Beatles Museum Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Penny Lane Beatles Museum Inc?
Penny Lane Beatles Museum Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Penny Lane Beatles Museum Inc
Penny Lane Beatles Museum Inc is dedicated to collecting, preserving, and showcasing memorabilia and other materials related to the Beatles. This mission encompasses various activities, such as acquiring, selling, and lending Beatles-related items. The organization also manages a museum or exhibits, organizes traveling exhibits, and engages in promotional activities. The primary goal of Penny Lane Beatles Museum Inc is to display and share its extensive collection with the public, providing a glimpse into the world of the iconic band. By doing so, the museum aims to educate, entertain, and inspire fans of the Beatles, preserving their legacy for future generations.
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Impact
July, 2024
Penny Lane Beatles Museum Inc's impact lies in its dedication to organizing, buying, selling, collecting, conserving, lending, and displaying Beatles memorabilia and related materials. Through the ownership and operation of a museum or other exhibits, as well as the organization of traveling exhibits and other promotional activities, the organization aims to preserve the legacy and impact of the Beatles on arts and culture. Based in Dunedin, FL, Penny Lane Beatles Museum Inc is committed to engaging audiences with the history and significance of the iconic band, contributing to the appreciation and understanding of their influence in the world of music and beyond.
This information is meant to be a general summary of Penny Lane Beatles 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: $9,387
- Gross Receipts: $1,420,936
Assets and Liabilities:
- Total Assets: $2,664,722
- Total Liabilities: $117
- Net Assets: $2,664,605
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Organization Details
Founding Year
2018
Principal Officer
Robert Entel
NTEE Category
Code: A50 - Arts
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