Overview
What is Long Beach Museum Of Art Foundation?
The Long Beach Museum of Art Foundation, based in Long Beach, California at 2300 E Ocean Blvd, is a dedicated nonprofit organization. Its primary mission is to foster an appreciation and understanding of various art forms. They achieve this by preserving, conserving, and researching art pieces in their collection, providing historical, cultural, and artistic insights that enrich the viewer's experience. The Foundation also exhibits loaned artworks from individuals and institutions, offering context and opportunities for further exploration. Furthermore, they offer educational programs for both children and adults, promoting lifelong learning and encouraging creativity and self-expression. With a team of 55 dedicated individuals, the Long Beach Museum of Art Foundation serves as a vital cultural resource for the public, providing a space to engage with and learn from significant works of art.
Official website here: www.lbma.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star Rating
The Long Beach Museum Of Art Foundation has received a commendable rating of 97%, reflecting its strong commitment to accountability and financial health. This high score, which has earned the organization a Four-Star rating, indicates that the Foundation has effectively implemented robust financial practices and governance measures. The organization boasts a fully independent board and maintains comprehensive financial oversight, scoring perfectly in several key areas, including material diversion of assets and the presence of essential policies.
Strengths of the Foundation include an impressive program expense ratio of 80.87%, illustrating that a significant portion of its resources is directed towards its mission-driven programs rather than administrative costs. Additionally, the Foundation enjoys a strong fundraising efficiency ratio, demonstrating its ability to generate funds effectively with minimal overhead. The organization also maintains a healthy working capital ratio, ensuring that it has sufficient resources to sustain its operations for over three years.
While the data showcases numerous strengths, the summary does not indicate specific areas for improvement or limitations. Overall, the Long Beach Museum Of Art Foundation appears to be a financially sound and well-governed nonprofit organization dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Long Beach Museum Of Art Foundation legitimate?
Long Beach Museum Of Art Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Long Beach Museum Of Art 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: $254,393
Professional Fundraising Fees: $0
Other Salaries and Wages: $798,071
For more financial information, click here
Official website here: www.lbma.org
What is the mission statement of Long Beach Museum Of Art Foundation?
The Long Beach Museum of Art Foundation's mission is geared towards fostering a deeper understanding and appreciation of art. It aims to accumulate and showcase significant artistic pieces, providing a platform for their display and public enjoyment. The foundation also manages and supports an institution, serving as a hub for the housing and exhibition of these artworks, with the intention of educating and entertaining the public. Additionally, the foundation preserves, conserves, and researches art pieces in its collection, sharing historical, cultural, and artistic insights to enrich the viewing experience. It also loans artwork from individuals and other institutions, offering a contextual perspective to the works in its collection. Furthermore, the museum offers educational programs for both children and adults, encouraging lifelong learning, creativity, and self-expression.
Official website here: www.lbma.org
Who is the CEO of Long Beach Museum Of Art Foundation?
Ron Nelson is the Executive Dir. of Long Beach Museum Of Art Foundation.
Official website here: www.lbma.org
What is the revenue of Long Beach Museum Of Art Foundation?
Long Beach Museum Of Art Foundation's revenue in 2022 was $2,385,498.
Official website here: www.lbma.org
Who are the executives of Long Beach Museum Of Art Foundation and what are their salaries?
The average compensation at Long Beach Museum Of Art Foundation during 2022 was $19,136. There are 55 employees and 50 volunteers at Long Beach Museum Of Art Foundation.
Here are 17 key members and their salaries:
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Official website here: www.lbma.org
Where can I find the form 990 for Long Beach Museum Of Art Foundation?
Long Beach Museum Of Art Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lbma.org
Learn more at the official website: www.lbma.org
Mission Statement of Long Beach Museum Of Art Foundation
The Long Beach Museum of Art Foundation, in its mission, strives to foster an appreciation and comprehension of art. It achieves this by amassing and showcasing significant artistic pieces, managing an institution that serves as a home for these works. This institution is designed to be a platform for public education and enjoyment of these artworks. The Foundation's role extends beyond mere exhibition, as it also aims to share historical, cultural, and artistic insights that enrich the understanding of the collected works.
Moreover, the Long Beach Museum of Art Foundation serves as a conduit for the presentation of educational programs. These programs cater to both children and adults, promoting lifelong learning, stimulating creativity, and nurturing self-expression. The museum's exhibitions are not limited to its own collection; it also displays artwork loaned from individuals and other institutions, providing context and encouraging further exploration of the presented works.
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Impact
July, 2024
The Long Beach Museum Of Art Foundation plays a crucial role in promoting understanding and appreciation of the arts. By collecting and exhibiting significant works of art, the Foundation not only preserves and conserves art but also provides a platform for the public to engage with and enjoy these pieces. Through educational programs for both children and adults, the Foundation nurtures creativity, fosters self-expression, and promotes lifelong learning. In addition, the Foundation shares historical, biographical, artistic, and cultural information to enhance the public's understanding and interpretation of the artworks in its collection. Ultimately, the impact of the Long Beach Museum Of Art Foundation extends beyond the walls of the museum, enriching the cultural landscape of Long Beach, California, and beyond.
This information is meant to be a general summary of Long Beach Museum Of Art 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $61,867
- Program Service Revenue: $122,267
- Gross Receipts: $4,982,794
Assets and Liabilities:
- Total Assets: $6,343,492
- Total Liabilities: $860,640
- Net Assets: $5,482,852
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MUSEUM ADMISSIONS
Revenue
$96,783
OTHER PROGRAM FEES
Revenue
$25,484
Organization Details
Founding Year
1968
Phone
(562) 439-2119Principal Officer
Ron Nelson
Main Address
2300 E OCEAN BLVD, LONG BEACH, CA, 90803
Website
www.lbma.orgNTEE Category
Code: A510 - Arts
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