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Western Museum Of Mining & Industry

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 840603781 ✦ Colorado springs, CO ✦ Designated as a 501(c)(3)

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Overview

What is Western Museum Of Mining & Industry?

The Western Museum of Mining & Industry, stationed in Colorado Springs, Colorado, serves as an educational hub, showcasing historical artifacts pertaining to the mining industry. Its primary mission is to enlighten the public about the significant role mining has played in shaping the history of the American West. The museum accomplishes this through various activities, such as offering STEM classes, guided tours, movies, and events, all aimed at engaging the local community. Their campus also fosters a cultural environment, contributing to the area's rich heritage. The museum employs a dedicated team of eight individuals, ensuring its operations run smoothly.


Official website here: www.wmmi.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 91%

The Western Museum of Mining & Industry has achieved a Four-Star out of Four Star rating, reflecting its strong performance in accountability and finance, scoring 93% in this area. The organization demonstrates a robust governance structure, with a fully independent board comprising five members and no material diversion of assets. The museum also maintains transparency with well-documented board meeting minutes and established policies for conflict of interest and whistleblower protections.

In terms of financial health, the museum allocates a significant portion of its budget to programs, with a program expense ratio of 71.66%. This indicates a commitment to its mission and effective use of donor funds. Additionally, the organization excels in cultural and community engagement, receiving a perfect score in this category.

While the museum's strengths are evident in its governance and financial responsibility, the data suggests that it continues to face challenges typical of nonprofits in its sector. However, the high scores in feedback collection and usage illustrate the museum's proactive approach to addressing these challenges and engaging with its community effectively.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Western Museum Of Mining & Industry?

92% of 288 reviewers on Facebook recommend the Western Museum of Mining & Industry. Here is a summary of their reviews:

Many visitors highlight the museum as a worthwhile destination, emphasizing that it's definitely worth a stop. The friendliness and extensive knowledge of the staff receive particular praise, contributing positively to the overall experience. Reviewers appreciate the informative exhibits and the engaging atmosphere provided by the museum.

Overall, the sentiment towards the Western Museum of Mining & Industry is decidedly positive, with patrons expressing satisfaction with both the service and the educational value of the experience.


This AI summary has been generated from reviews found on Facebook.

Is Western Museum Of Mining & Industry legitimate?

Western Museum Of Mining & Industry is a legitimate nonprofit organization registered as a 501(c)(3) entity. Western Museum Of Mining & Industry 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: $75,375
Professional Fundraising Fees: $0
Other Salaries and Wages: $199,759

For more financial information, click here


Official website here: www.wmmi.org

What is the mission statement of Western Museum Of Mining & Industry?

The Western Museum of Mining & Industry's mission is primarily focused on educating the public about the historical contributions and impact of the mining industry on the American West. The museum achieves this goal through various means, including classes, tours, movies, events, and other activities. Furthermore, it provides opportunities for STEM learning within its community cultural campus. The museum's mission also extends to enlightening the public about the role of ranching and other supporting industries in the region's history. Its exhibitions of historical artifacts related to the mining industry serve to educate visitors about the significant impact mining has had on the region's past.


Official website here: www.wmmi.org

Who is the CEO of Western Museum Of Mining & Industry?

Woodward Brown is the President of Western Museum Of Mining & Industry.


Official website here: www.wmmi.org

What is the revenue of Western Museum Of Mining & Industry?

Western Museum Of Mining & Industry's revenue in 2022 was $471,766.


Official website here: www.wmmi.org

Who are the executives of Western Museum Of Mining & Industry and what are their salaries?

The average compensation at Western Museum Of Mining & Industry during 2022 was $34,392. There are 8 employees and 30 volunteers at Western Museum Of Mining & Industry.


Here are 6 key members and their salaries:


Woodward Brown (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dianna Reitan (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karl Doug Hering (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randall Leifer (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Preibe (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Grant Dewey (Executive Di)
  • Compensation: $75,375
  • Related: $0
  • Other: $2,160


Official website here: www.wmmi.org

Where can I find the form 990 for Western Museum Of Mining & Industry?

Western Museum Of Mining & Industry's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.wmmi.org

Learn more at the official website: www.wmmi.org

Mission Statement of Western Museum Of Mining & Industry

The Western Museum of Mining & Industry is dedicated to enlightening the public about the significant contributions and historical background of mining in the American West. Its mission extends beyond mere education, as it also aims to foster STEM learning through various classes, tours, movies, and events held on its community cultural campus. By showcasing historical artifacts related to the mining industry, the museum aims to shed light on the impact of mining on the region's history, ultimately promoting a broader understanding of the American West's development.

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Impact




July, 2024

The Western Museum of Mining & Industry in Colorado Springs plays a significant role in educating the public about the historical significance and ongoing contributions of mining, ranching, and other supporting industries in the American West. Through exhibitions of historical artifacts related to the mining industry, the museum provides valuable insights into the impact of mining on the history of the American West. Additionally, the museum offers educational opportunities such as classes, tours, movies, events, and more, which further contribute to STEM learning in the community. By fostering a deeper understanding of the mining industry and its heritage, the museum helps visitors appreciate the cultural and historical significance of this vital sector.




This information is meant to be a general summary of Western Museum Of Mining & Industry. 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.

Revenue
$471,766 (2022)
Expenses
$520,316 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $6,817
  • Program Service Revenue: $263,489
  • Gross Receipts: $498,989

Assets and Liabilities:

  • Total Assets: $1,106,174
  • Total Liabilities: $24,847
  • Net Assets: $1,081,327

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ADMISSION FEES

Revenue

$115,691

EVENTS

Revenue

$105,151

EDUCATION

Revenue

$42,647

Organization Details

Founding Year

1970

Principal Officer

Woodward Brown

Main Address

225 NORTHGATE BLVD, COLORADO SPRINGS, CO, 80921

NTEE Category

Code: A540 - Arts

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