Overview
What is Farmington Museum Foundation Inc?
Farmington Museum Foundation Inc, located in Farmington, New Mexico, serves as a nonprofit organization dedicated to funding and research for museum exhibits. With a modest team of one employee, they contribute to the maintenance and acquisition of exhibit displays at the museum. Their mission is to enrich the cultural landscape of their community by supporting the museum's exhibits, ensuring a diverse and engaging experience for visitors. The organization's activities focus on providing financial resources, which ultimately help enhance the educational and entertainment value of the museum exhibits.
Official website here: www.fmtn.org/index.aspx?nid=248
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43%, Zero-Star out of Four Star rating.
The Farmington Museum Foundation Inc has received a low rating of 43%, indicating significant areas for improvement in accountability and finance. While the organization has a strong governance structure with 77% independent board members and no reported material diversion of assets, several critical policies are either missing or not adequately addressed. This includes the absence of a whistleblower policy and guidelines for document retention, which are essential for transparent operations.
Financially, the foundation exhibits concerning metrics, with a program expense ratio of only 23.32%, suggesting that a minimal portion of its spending is directed toward its charitable programs. Additionally, the liabilities to assets ratio is reported at 0.00%, indicating potential financial instability. The lack of readily available financial documents on its website may also hinder public trust and accountability.
Overall, while the Farmington Museum Foundation has some structural strengths, the major gaps in policy and financial management could pose risks to its operational integrity and effectiveness in fulfilling its mission. It is crucial for the organization to address these weaknesses to improve its standing and the confidence of its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Farmington Museum Foundation Inc?
90% of 58 reviewers on Facebook recommend the Farmington Museum Foundation Inc. Here is a summary of their reviews:
Many users express enthusiasm for the museum, highlighting its impressive collection of historical data and artifacts. The informative displays appear to resonate well with visitors, making it a valuable resource for those interested in local history.
Overall, it seems that the Farmington Museum Foundation successfully engages its audience and provides a worthwhile experience for history enthusiasts and the community alike.
This AI summary has been generated from reviews found on Facebook.
Is Farmington Museum Foundation Inc legitimate?
Farmington Museum Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Farmington Museum 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: $8,215
For more financial information, click here
Official website here: www.fmtn.org/index.aspx?nid=248
What is the mission statement of Farmington Museum Foundation Inc?
The Farmington Museum Foundation Inc's primary mission is to support the creation and preservation of museum exhibits. This is achieved through funding and research initiatives. Specifically, they provide financial backing for the maintenance and acquisition of museum displays. By doing so, they contribute to the enrichment of educational and cultural experiences. The foundation's activities aim to enlighten and engage visitors, fostering a deeper understanding of various topics and historical periods.
Official website here: www.fmtn.org/index.aspx?nid=248
Who is the CEO of Farmington Museum Foundation Inc?
Elliott Herbert is the President of Farmington Museum Foundation Inc.
Official website here: www.fmtn.org/index.aspx?nid=248
What is the revenue of Farmington Museum Foundation Inc?
Farmington Museum Foundation Inc's revenue in 2023 was $41,490.
Official website here: www.fmtn.org/index.aspx?nid=248
Who are the executives of Farmington Museum Foundation Inc and what are their salaries?
The average compensation at Farmington Museum Foundation Inc during 2023 was $8,215. There is 1 employee at Farmington Museum Foundation Inc.
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Official website here: www.fmtn.org/index.aspx?nid=248
Where can I find the form 990 for Farmington Museum Foundation Inc?
Farmington Museum Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fmtn.org/index.aspx?nid=248
Learn more at the official website: www.fmtn.org/index.aspx?nid=248
Mission Statement of Farmington Museum Foundation Inc
The Farmington Museum Foundation Inc, as its name suggests, is committed to providing financial support and conducting research for the development and enhancement of museum exhibits. By investing in the maintenance and acquisition of museum displays, this organization contributes to the preservation and promotion of historical and cultural artifacts, ensuring that visitors can engage with and learn from these treasures. The Foundation's mission is instrumental in enriching the museum-going experience, fostering a deeper appreciation for the past and inspiring curiosity about the world around us.
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Impact
August, 2024
Farmington Museum Foundation Inc has made a significant impact by providing crucial funding for the maintenance and acquisition of museum exhibits in Farmington, NM. Through their support, the museum is able to offer enriching and educational experiences to visitors, showcasing the region's history and culture. Their dedication to funding and research has helped preserve and present important artifacts and information for the benefit of the community and beyond.
This information is meant to be a general summary of Farmington Museum 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 2023.
- Investment Income: $29,699
- Gross Receipts: $105,665
Assets and Liabilities:
- Total Assets: $1,335,939
- Total Liabilities: $0
- Net Assets: $1,335,939
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Organization Details
Founding Year
2005
Phone
(505) 599-1173Principal Officer
Elliott Herbert
Main Address
PO BOX 115, FARMINGTON, NM, 87499
NTEE Category
Code: A56 - Arts
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