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Idea Museum Foundation

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

EIN: 942621572 ✦ Mesa, AZ ✦ Designated as a 501(c)(3)

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Overview

What is Idea Museum Foundation?

The Idea Museum Foundation, situated in Mesa and the wider Phoenix metropolitan area, is a nonprofit organization with a captivating mission. Its primary goal is to spark curiosity and creativity in children of all ages by offering art exhibitions and engaging in STEAM (science, technology, engineering, art, and math) activities. These events are designed to stimulate early learning and foster a nurturing environment for children's creative growth. The foundation's initiatives at the i.d.e.a. Museum aim to encourage children to perceive their world differently, fostering an appreciation for art, imagination, and innovative thinking.


Official website here: www.ideamuseum.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 89% (Three-Star out of Four Star rating)

The Idea Museum Foundation has received a commendable Three-Star rating from Charity Navigator, reflecting an overall score of 89%. This score is based entirely on their Accountability & Finance metrics, indicating a strong commitment to managing resources responsibly. Such ratings typically signify a high level of transparency and effective governance within the organization.

The foundation demonstrates notable strengths in several areas, including having a fully independent board, with 100% of its members meeting this criterion. Additionally, the organization has established robust policies regarding conflict of interest, whistleblower protections, and document retention, all of which contribute to its strong accountability practices. The low liabilities to assets ratio (8.02%) further illustrates its financial stability.

However, a slight limitation is noted in the Program Expense Ratio, which stands at 63.36%. While this figure is still commendable, it suggests that there may be room for improvement in how much of its expenditures are directed towards programs versus administrative costs. Overall, the rating indicates that the Idea Museum Foundation is a well-managed nonprofit with a solid framework for accountability.


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

Is Idea Museum Foundation legitimate?

Idea Museum Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Idea Museum Foundation 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


Official website here: www.ideamuseum.org

What is the mission statement of Idea Museum Foundation?

The i.d.e.A. Museum's mission is centered around inspiring children of various ages from diverse backgrounds. By utilizing art, creativity, and imagination, the museum aims to encourage a unique perspective on the world. The mission extends beyond this, incorporating STEAM (science, technology, engineering, art, and math) activities to support early learning and foster creativity. The museum's initiatives are designed to nurture creative growth and learning in children residing in the Mesa and Phoenix metropolitan areas.


Official website here: www.ideamuseum.org

Who is the CEO of Idea Museum Foundation?

James Driscoll is the Treasurer of Idea Museum Foundation.


Official website here: www.ideamuseum.org

What is the revenue of Idea Museum Foundation?

Idea Museum Foundation's revenue in 2022 was $1,081,031.


Official website here: www.ideamuseum.org

Who are the executives of Idea Museum Foundation and what are their salaries?

There 12 volunteers at Idea Museum Foundation.


Here are 12 key members and their salaries:


Lora Lassitter (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Driscoll (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Spilsbury (Council Member Liaison)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jessica Barnett (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathryn Evans (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Heap (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Hormann (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Spencer Lee (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrea Ramos (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Stephensen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Trendler (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Wall (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ideamuseum.org

Where can I find the form 990 for Idea Museum Foundation?

Idea Museum Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ideamuseum.org

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

Mission Statement of Idea Museum Foundation

The Idea Museum Foundation, with a focus on children of all ages, strives to ignite their imagination and encourage a unique perspective on the world through art and creativity. By hosting art exhibitions and engaging in STEAM-related activities, such as science, technology, engineering, art, and math, this organization plays a significant role in supporting early learning and fostering creativity. The mission of the Idea Museum Foundation is to nurture and develop the creative potential of children in the Mesa and Phoenix metropolitan area, ultimately inspiring them to view their world differently and think outside the box.

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Impact




July, 2024

The Idea Museum Foundation, operating under the name i.d.e.a. Museum, is making a significant impact by inspiring children to experience the world differently through art, creativity, and imagination. Located in Mesa, Arizona, the museum's mission is to stimulate learning and creativity in children of all ages through art exhibitions and a variety of STEAM activities that support early learning and foster creativity. By providing a space for children to engage with art and explore the realms of science, technology, engineering, art, and math, the Idea Museum Foundation is helping to shape the next generation of innovative thinkers and problem solvers.




This information is meant to be a general summary of Idea Museum Foundation. 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
$1,081,031 (2022)
Expenses
$248,087 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $103
  • Program Service Revenue: $61,208
  • Gross Receipts: $1,088,891

Assets and Liabilities:

  • Total Assets: $1,367,599
  • Total Liabilities: $149,947
  • Net Assets: $1,217,652

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Programs

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

Membership Dues for program

Revenue

$61,208

Organization Details

Founding Year

1978

Principal Officer

James Driscoll

Main Address

PO Box 77, Mesa, AZ, 85211

NTEE Category

Code: A115 - Arts

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