Overview
What is Museo Italoamericano?
Museo Italoamericano is a nonprofit organization situated in San Francisco, California, specifically at Fort Mason Center Building C. Established with the mission to celebrate Italian and Italian-American art and culture, it is the first museum in the United States dedicated solely to this purpose. The museum is supported financially by various grants, such as those from the Grants for the Arts of San Francisco Hotel Tax Fund, the Bernard Osher Foundation, Rosaria Haugland Foundation, and generous contributions from its members. Additionally, it receives funding from the California Arts Council, its board of directors, and individual donors. The museum's activities include researching, collecting, and showcasing works of art from Italian and Italian-American artists, and offering educational programs to promote an appreciation of Italian culture, ensuring the preservation of Italian-American heritage for future generations. With a dedicated team of ten employees, Museo Italoamericano plays a significant role in celebrating and promoting the rich cultural heritage shared between Italy and the United States.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89%, Three-Star out of Four Star Rating
Museo Italoamericano has achieved a solid rating of 89% from Charity Navigator, reflecting its strong performance in accountability and finance. The organization boasts a fully independent board, with 100% of its members meeting independence criteria. It also scores exceptionally well in various financial metrics, including a program expense ratio of 75.18%, indicating a commitment to investing funds directly into its programs and services.
The museum demonstrates transparency and sound governance practices, as evidenced by its conflict of interest and whistleblower policies, both of which are in place. Additionally, the financial statements have been thoroughly reviewed, showcasing the organization's commitment to maintaining high financial standards. The liabilities to assets ratio stands at a healthy 51.78%, further testament to its financial stability.
However, while the rating is commendable, the room for improvement remains limited. The organization should continue to ensure effective management of its resources and maintain transparency to uphold stakeholder trust, particularly as it navigates the challenges associated with operating a cultural institution. Overall, Museo Italoamericano appears to be a responsible and effective nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Museo Italoamericano legitimate?
Museo Italoamericano is a legitimate nonprofit organization registered as a 501(c)(3) entity. Museo Italoamericano 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: $157,059
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What is the mission statement of Museo Italoamericano?
The Museo Italoamericano, being the first museum in the United States dedicated solely to Italian and Italian-American art and culture, is committed to conducting research, amassing, and showcasing works of art by Italian and Italian-American artists. Their primary objective is to promote educational programs that foster appreciation for Italian art and culture. By doing so, they aim to preserve the heritage of Italian-Americans for future generations. The museum is partially supported by grants from various sources, including the Grants for the Arts of San Francisco Hotel Tax Fund, the Bernard Osher Foundation, Rosaria Haugland Foundation, and the generosity of Museo members, California Arts Council, and individual donors.
Who is the CEO of Museo Italoamericano?
Victoria Lobue is the President of Museo Italoamericano.
What is the revenue of Museo Italoamericano?
Museo Italoamericano's revenue in 2022 was $667,711.
Who are the executives of Museo Italoamericano and what are their salaries?
The average compensation at Museo Italoamericano during 2022 was $15,706. There are 10 employees and 16 volunteers at Museo Italoamericano.
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Where can I find the form 990 for Museo Italoamericano?
Museo Italoamericano's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Museo Italoamericano
Museo Italoamericano, the first museum in the United States dedicated solely to Italian and Italian-American art and culture, is committed to preserving the heritage of Italian-Americans for future generations. Through its mission, the museum aims to conduct research, collect, and exhibit works of art created by Italian and Italian-American artists. This endeavor is intended to promote education and appreciation for Italian art and culture, thereby enriching the cultural landscape.
In line with its mission, Museo Italoamericano provides educational programs that allow individuals to explore and understand the rich history and artistic contributions of Italians and Italian-Americans. The museum's initiatives are supported by various grants, including those from the Grants for the Arts of San Francisco Hotel Tax Fund, the Bernard Osher Foundation, the Rosaria Haugland Foundation, and generous contributions from Museo members, the California Arts Council, the museum's board of directors, and individual donors. By fostering a deeper appreciation for Italian art and culture, Museo Italoamericano is dedicated to ensuring that the heritage of Italian-Americans continues to thrive and inspire future generations.
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Impact
July, 2024
The Museo Italoamericano has had a significant impact on preserving and promoting Italian and Italian-American art and culture in the United States. By being the first museum in the country devoted exclusively to this specific heritage, the Museo Italoamericano plays a crucial role in researching, collecting, and displaying works of Italian and Italian-American artists.
Moreover, the museum's educational programs aimed at fostering the appreciation of Italian art and culture contribute to the preservation of the Italian-American heritage for future generations. Supported by various grants and the generosity of donors, including the San Francisco Hotel Tax Fund, the Bernard Osher Foundation, and the Rosaria Haughland Foundation, the Museo Italoamericano's efforts to promote Italian and Italian-American arts make a lasting impact on the cultural landscape of San Francisco, CA, and beyond.
This information is meant to be a general summary of Museo Italoamericano. 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: $19,887
- Program Service Revenue: $136,686
- Gross Receipts: $677,044
Assets and Liabilities:
- Total Assets: $3,975,066
- Total Liabilities: $2,058,541
- Net Assets: $1,916,525
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Organization Details
Founding Year
1978
Phone
(415) 673-2200Principal Officer
Victoria Lobue
Main Address
FORT MASON CENTER BUILDING C, SAN FRANCISCO, CA, 94123
NTEE Category
Code: A230 - Arts
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