Overview
What is Corporation Of The Fine Arts Museums?
The Corporation of the Fine Arts Museums (COFAM) is a nonprofit organization based in San Francisco, California, established in 1987. It operates the De Young Museum and the Legion of Honor on behalf of the Fine Arts Museums of San Francisco (FAMSF), a charitable trust department of the City and County of San Francisco. With a workforce of 332 employees, COFAM provides a rich and diverse experience of art and culture. The organization raises and maintains funds for the museums' support, conducting exhibitions of permanent collections and special exhibitions, scholarly publications, education programs, and public programs. In the fiscal year ending June 30, 2022, COFAM presented 17 exhibitions at the De Young and Legion of Honor, a significant increase from the previous year due to reduced attendance requirements and the successful Guo Pei exhibit that surpassed attendance expectations. The museums welcomed over 772,000 guests during this period.
Official website here: www.famsf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Corporation of the Fine Arts Museums has received an 81% rating, indicating a solid level of performance in various operational areas. The organization excels in culture and community engagement, earning a score of 95, while also demonstrating strong leadership adaptability with a perfect score of 100. These strengths contribute to a well-rounded and effective nonprofit that appears committed to its mission and community impact.
Financially, the organization shows a commendable Program Expense Ratio of 78.89%, ensuring that a significant portion of its funds is directed towards its programs. Additionally, it features a fully independent board, which is essential for effective governance. The fundraising efficiency is reasonable with a ratio of $0.09, which suggests that the organization is able to raise funds effectively with minimal costs.
However, there is a noted area of improvement in investment in leadership development, which scored 30 out of 30 points, indicating that while the organization is strong in governance, ongoing development and training for leadership could enhance its capabilities even further. Overall, the Corporation of the Fine Arts Museums showcases a robust commitment to transparency and accountability, while also valuing community feedback and equity strategies.
This AI summary has been generated from information found on Charity Navigator.
Is Corporation Of The Fine Arts Museums legitimate?
Corporation Of The Fine Arts Museums is a legitimate nonprofit organization registered as a 501(c)(3) entity. Corporation Of The Fine Arts Museums 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: $2,336,327
Professional Fundraising Fees: $977,379
Other Salaries and Wages: $18,195,479
For more financial information, click here
Official website here: www.famsf.org
What is the mission statement of Corporation Of The Fine Arts Museums?
The Corporation of the Fine Arts Museums (COFAM) is a non-profit organization established in 1987, dedicated to managing and funding the operations of the De Young Museum and the Legion of Honor on behalf of the Fine Arts Museums of San Francisco (FAMSF). COFAM's primary goal is to provide a rich and diversified experience of art and culture. They achieve this mission through various means, including the display of permanent collections and special exhibitions, scholarly publications, educational programs, care and research of collections, and public programs. COFAM's work contributes significantly to FAMSF's goal of engaging and enriching the public through art.
Official website here: www.famsf.org
Who is the CEO of Corporation Of The Fine Arts Museums?
Thomas Campbell is the Director Of Museums of Corporation Of The Fine Arts Museums.
Official website here: www.famsf.org
What is the revenue of Corporation Of The Fine Arts Museums?
Corporation Of The Fine Arts Museums's revenue in 2022 was $51,320,559.
Official website here: www.famsf.org
Who are the executives of Corporation Of The Fine Arts Museums and what are their salaries?
The average compensation at Corporation Of The Fine Arts Museums during 2022 was $61,843. There are 332 employees and 291 volunteers at Corporation Of The Fine Arts Museums.
Here are 61 key members and their salaries:
- Compensation: $692,491
- Related: $236,775
- Other: $70,309
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- Compensation: $205,398
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- Other: $22,030
- Compensation: $178,308
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- Other: $48,471
- Compensation: $195,312
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- Compensation: $189,940
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- Other: $29,617
- Compensation: $206,009
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- Other: $8,599
- Compensation: $162,396
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- Compensation: $161,769
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Official website here: www.famsf.org
Where can I find the form 990 for Corporation Of The Fine Arts Museums?
Corporation Of The Fine Arts Museums's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.famsf.org
Learn more at the official website: www.famsf.org
Mission Statement of Corporation Of The Fine Arts Museums
The Corporation of the Fine Arts Museums (COFAM), a nonprofit public benefit corporation established in 1987, is dedicated to enriching the public's experience with art and culture. COFAM operates the De Young Museum and the Legion of Honor on behalf of the Fine Arts Museums of San Francisco (FAMSF), a charitable trust department of the City and County of San Francisco. The City provides the land and buildings for the museums, partial operating support, and owns most of the collections.
COFAM's mission comes to life through various means. It presents the permanent collections and organizes special exhibitions, publishing scholarly materials to advance knowledge in the arts. COFAM offers education programs for diverse audiences, engaging visitors of all ages and backgrounds. The organization meticulously cares for and researches the collections, ensuring their preservation for future generations. COFAM's public programs provide opportunities for community engagement and interaction with the arts.
In essence, the Corporation of the Fine Arts Museums acts as a steward for the Fine Arts Museums of San Francisco, providing a platform for the exploration and appreciation of art and culture. It is committed to fostering a rich and diverse artistic experience that transcends the boundaries of the museum's walls and inspires the broader community.
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Impact
October, 2024
The Corporation of the Fine Arts Museums (COFAM) significantly enriches the cultural landscape of San Francisco through its diverse array of art exhibitions and educational programs. By presenting a rich selection of 17 exhibitions in the de Young Museum and the Legion of Honor during the fiscal year ending June 30, 2022, COFAM has successfully increased public engagement with art, drawing in 772,000 visitors—more than double the attendance of the previous year.
The exhibitions reflect a wide-ranging artistic spectrum, featuring works from prominent artists like Judy Chicago, Alice Neel, and Patrick Kelly, as well as culturally significant displays like "The Obama Portraits" and the impressive "Guo Pei: Couture Fantasy," which exceeded expectations and was extended due to its popularity. This broad and encyclopedic approach not only showcases established and contemporary artists but also fosters a deeper appreciation for various art forms and cultural narratives.
COFAM's commitment to education, through scholarly publications and public programs, further amplifies its impact by providing communities with opportunities to engage with art in meaningful ways. The organization plays a vital role in preserving and interpreting the city's cultural heritage while facilitating a rich exchange of ideas among artists, scholars, and the general public, thus ensuring the continued vitality and relevance of the arts in the community.
This information is meant to be a general summary of Corporation Of The Fine Arts Museums. 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: $90,212
- Program Service Revenue: $4,744,708
- Gross Receipts: $55,571,796
Assets and Liabilities:
- Total Assets: $24,118,141
- Total Liabilities: $13,317,392
- Net Assets: $10,800,749
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS & EVENTS
Revenue
$3,988,186
LECTURES, TOURS, PUBLICATIONS
Revenue
$756,522
Organization Details
Founding Year
1987
Phone
(415) 750-8902Principal Officer
Thomas Campbell
Main Address
50 HAGIWARA TEA GARDEN DRIVE, SAN FRANCISCO, CA, 941184501
Website
www.famsf.orgNTEE Category
Code: A035 - Arts
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