Overview
What is Tucson Gem & Mineral Society Inc?
Tucson Gem & Mineral Society Inc is a nonprofit organization situated in Tucson, Arizona, specifically at 3727 E BLACKLIDGE. Their primary mission is to foster interest and learning in various earth sciences, including geology, mineralogy, lapidary, and related disciplines. Despite COVID-19 restrictions, they conduct an annual show for educational purposes, aiming to share their passion with others. Although the 2021 show was postponed due to research, they incurred costs in the process. The organization, with a team of two dedicated individuals, continues its operations.
Official website here: www.tgms.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating.
The Tucson Gem & Mineral Society Inc. has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The organization has a high score of 77 in these areas, reflecting its commitment to ethical practices and proper management of funds. The rating is based entirely on accountability and finance metrics, showcasing the organization’s strength in these categories.
One of the notable strengths of the Tucson Gem & Mineral Society is its fully independent board, which is comprised entirely of independent members, contributing to effective governance. The organization also demonstrates best practices in transparency, having documented board meeting minutes and established policies for conflict of interest and whistleblower protection. Additionally, the program expense ratio of 75.87% indicates that a significant portion of its expenses goes directly towards its programs.
However, while the organization excels in accountability, it is important to monitor how it translates these financial strengths into effective program impacts. The rating does not provide insight into the outcomes of the society’s programs, which could give a fuller picture of its overall effectiveness in fulfilling its mission. Nonetheless, the strong accountability scores suggest that donors can trust the organization to manage contributions responsibly.
This AI summary has been generated from information found on Charity Navigator.
Is Tucson Gem & Mineral Society Inc legitimate?
Tucson Gem & Mineral Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tucson Gem & Mineral Society 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: $110,826
For more financial information, click here
Official website here: www.tgms.org
What is the mission statement of Tucson Gem & Mineral Society Inc?
The Tucson Gem & Mineral Society Inc is dedicated to fostering interest and advancement in various earth sciences, specifically geology, mineralogy, lapidary, and related fields. Their mission is to encourage both personal and collective study in these disciplines, aiming to promote a deeper understanding of these subjects. In pursuit of this goal, the society conducts an annual gem and mineral show for educational purposes, albeit due to COVID-19 restrictions, the show was postponed with associated costs incurred while exploring the possibility of hosting it in early 2021.
Official website here: www.tgms.org
What is the revenue of Tucson Gem & Mineral Society Inc?
Tucson Gem & Mineral Society Inc's revenue in 2024 was $777,728.
Official website here: www.tgms.org
Who are the executives of Tucson Gem & Mineral Society Inc and what are their salaries?
The average compensation at Tucson Gem & Mineral Society Inc during 2024 was $55,413. There are 2 employees and 130 volunteers at Tucson Gem & Mineral Society Inc.
Here are 9 key members and their salaries:
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Official website here: www.tgms.org
Where can I find the form 990 for Tucson Gem & Mineral Society Inc?
Tucson Gem & Mineral Society Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.tgms.org
Learn more at the official website: www.tgms.org
Mission Statement of Tucson Gem & Mineral Society Inc
Tucson Gem & Mineral Society Inc is dedicated to fostering curiosity and in-depth exploration in the fields of geology, mineralogy, lapidary, and related earth sciences. Their primary objective is to stimulate interest and encourage academic pursuits in these disciplines, aiming to broaden the collective understanding of the natural world. By conducting annual shows for educational purposes, the society seeks to engage the community and provide a platform for knowledge exchange. Unfortunately, due to COVID-19 restrictions, the show had to be postponed, with considerable resources invested in exploring the feasibility of holding it in early 2021.
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Impact
July, 2024
The impact of Tucson Gem & Mineral Society Inc involves fostering interest and study in geology, mineralogy, lapidary, and related sciences through their annual Gem & Mineral Show. Despite the challenges posed by COVID-19 restrictions, the Society continues to research the viability of hosting the show in early 2021, demonstrating their commitment to education and science research in the community.
This information is meant to be a general summary of Tucson Gem & Mineral Society 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 2024.
- Investment Income: $7,639
- Program Service Revenue: $740,436
- Gross Receipts: $777,728
Assets and Liabilities:
- Total Assets: $827,939
- Total Liabilities: $0
- Net Assets: $827,939
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GEM & MINERAL SHOW
Revenue
$740,436
Organization Details
Founding Year
1983
Principal Officer
Michael Hollonbeck
Website
www.tgms.orgNTEE Category
Code: U03 - Science research
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