Overview
What is Forney Museum?
The Forney Museum serves as an educational establishment, committed to the conservation and exhibition of historical and technological artifacts associated with various modes of transportation. With a unique collection of over 600 items, this museum provides an engaging experience for enthusiasts of all ages, interested in the history of transportation. The museum's gift shop offers a diverse selection of merchandise, contributing to the organization's operations and exhibitions.
Official website here: www.forneymuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%, Four-Star out of Four Stars
The Forney Museum has achieved a strong rating of 91%, reflecting its commitment to accountability and financial transparency. This score is based entirely on its accountability and finance metrics, indicating the organization operates with a high level of integrity and oversight. The museum boasts a fully independent board of directors, as well as robust policies in place regarding conflict of interest and whistleblower protections.
The organization has demonstrated effective financial management, with a program expense ratio of 66.38%, indicating that a significant portion of its spending directly supports its programs. Other positive indicators include a low liabilities-to-assets ratio of 33.40%, which suggests a healthy financial position. Additionally, the museum is compliant with best practices in governance, as evidenced by its documented board meeting minutes and the presence of an audit and oversight committee.
While the overall financial metrics are commendable, the program expense ratio indicates there may be opportunity for improvement in directing more funds towards programmatic activities. Nonetheless, the Forney Museum stands out for its solid financial management and governance practices, ensuring donors can trust their contributions are being used effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Forney Museum legitimate?
Forney Museum is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forney Museum 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: $68,151
Professional Fundraising Fees: $19,900
Other Salaries and Wages: $236,547
For more financial information, click here
Official website here: www.forneymuseum.org
What is the mission statement of Forney Museum?
The Forney Museum serves as an educational entity, focusing on the preservation of historical and technological artifacts related to various modes of transportation. Its extensive collection, comprising over 600 pieces, showcases the evolution of transportation throughout history. The museum's gift shop offers merchandise that contributes to its activities and exhibitions, catering to the interests of transportation enthusiasts of all ages. The Forney Museum, in its mission, is dedicated to promoting knowledge and appreciation for the rich history of transportation.
Official website here: www.forneymuseum.org
Who is the CEO of Forney Museum?
Christof Kheim is the Executive Di of Forney Museum.
Official website here: www.forneymuseum.org
What is the revenue of Forney Museum?
Forney Museum's revenue in 2022 was $742,235.
Official website here: www.forneymuseum.org
Who are the executives of Forney Museum and what are their salaries?
The average compensation at Forney Museum during 2022 was $25,392. There are 12 employees at Forney Museum.
Here are 14 key members and their salaries:
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Official website here: www.forneymuseum.org
Where can I find the form 990 for Forney Museum?
Forney Museum's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.forneymuseum.org
Learn more at the official website: www.forneymuseum.org
Mission Statement of Forney Museum
The Forney Museum serves as an educational establishment, dedicated to the preservation and collection of artifacts related to the historical and technological aspects of various modes of transportation. This unique institution houses a vast and exceptional collection of over 600 items, each offering a glimpse into the evolution of transportation throughout history. The museum's gift shop caters to enthusiasts of historical transportation, offering a diverse range of products that align with the museum's activities and exhibits. Regardless of age or interest, the Forney Museum promises an engaging and enriching experience for all who appreciate the history and development of transportation.
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Impact
July, 2024
The Forney Museum, an antique transportation museum located in Denver, Colorado, has a significant impact on preserving the history and technology of various forms of transportation. With a unique collection of over 600 artifacts related to historical transportation, the museum provides an educational experience for visitors of all ages. By showcasing these artifacts and offering a variety of items in its gift shop to support its activities and exhibits, the Forney Museum plays a vital role in engaging and entertaining history and transportation enthusiasts. Its commitment to preserving our transportation heritage ensures that future generations can learn about and appreciate the evolution of transportation technologies.
This information is meant to be a general summary of Forney Museum. 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: $22,161
- Program Service Revenue: $271,383
- Gross Receipts: $796,055
Assets and Liabilities:
- Total Assets: $4,455,183
- Total Liabilities: $1,488,739
- Net Assets: $2,966,444
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$271,383
Organization Details
Founding Year
1955
Phone
(303) 297-1113Principal Officer
Christof Kheim
Main Address
4303 BRIGHTON BOULEVARD, DENVER, CO, 80216
Website
www.forneymuseum.orgNTEE Category
Code: A50 - Arts
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