Overview
What is The Sloss Furnaces Foundation Inc?
The Sloss Furnaces Foundation Inc, based in Birmingham, Alabama, serves as a preservation and development platform for a unique 20th-century blast furnace. Situated at 20 32nd Street North, this nonprofit organization aims to educate individuals about industrial history, utilizing the Sloss Furnaces site as a museum. Through educational, arts, and research initiatives, they foster the preservation and development of this significant historical landmark. With a dedicated team of 34 employees, the Sloss Furnaces Foundation Inc contributes to the cultural and historical enrichment of Birmingham and its community.
Official website here: www.slossfurnaces.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Sloss Furnaces Foundation Inc has earned an 81% rating from Charity Navigator, reflecting a strong performance primarily in the areas of Accountability and Finance. The organization’s score is derived solely from its accountability measures, indicating a solid commitment to transparency and responsible financial management.
Strengths of the foundation include a fully independent board with eight members, strong adherence to conflict of interest policies, and a robust program expense ratio of over 92%. These factors suggest that the organization is well-managed and prioritizes its mission over administrative costs. Additionally, the absence of any material diversion of assets further underscores its commitment to accountability.
While the rating is favorable, it is important to view it in the context of a singular focus on financial accountability. Potential donors should consider other aspects, such as programmatic impact and community engagement, to gain a comprehensive understanding of the foundation's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is The Sloss Furnaces Foundation Inc legitimate?
The Sloss Furnaces Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Sloss Furnaces Foundation 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: $284,374
For more financial information, click here
Official website here: www.slossfurnaces.com
What is the mission statement of The Sloss Furnaces Foundation Inc?
The Sloss Furnaces Foundation Inc's mission is centered around preserving and developing a 20th-century iron furnace as a museum, showcasing industrial history. Through educational, artistic, and research initiatives, the foundation aims to foster the site's conservation. The primary objective of this organization is to educate individuals by preserving the unique blast furnace, which is the only one of its kind.
Official website here: www.slossfurnaces.com
What is the revenue of The Sloss Furnaces Foundation Inc?
The Sloss Furnaces Foundation Inc's revenue in 2023 was $738,497.
Official website here: www.slossfurnaces.com
Who are the executives of The Sloss Furnaces Foundation Inc and what are their salaries?
The average compensation at The Sloss Furnaces Foundation Inc during 2023 was $8,617. There are 33 employees and 6 volunteers at The Sloss Furnaces Foundation Inc.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
Official website here: www.slossfurnaces.com
Where can I find the form 990 for The Sloss Furnaces Foundation Inc?
The Sloss Furnaces Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.slossfurnaces.com
Learn more at the official website: www.slossfurnaces.com
Mission Statement of The Sloss Furnaces Foundation Inc
The Sloss Furnaces Foundation Inc is committed to preserving and developing the Sloss Furnaces site, a 20th-century iron furnace now transformed into a museum showcasing Birmingham, Alabama's industrial history. The organization's mission revolves around fostering educational, artistic, and research initiatives. By doing so, The Sloss Furnaces Foundation aims to educate individuals, utilizing the unique blast furnace as a teaching tool. The foundation's efforts are geared towards fostering a deeper understanding of the industrial past, thereby enriching the knowledge and perspectives of visitors.
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Impact
July, 2024
The Sloss Furnaces Foundation Inc's impact lies in preserving and interpreting the industrial history of Birmingham, Alabama through the Sloss Furnaces site. Through educational, arts, and research initiatives, the foundation educates individuals about this unique 20th-century blast furnace. Their efforts contribute to the cultural heritage of Birmingham and provide valuable insights into the region's industrial past.
This information is meant to be a general summary of The Sloss Furnaces Foundation 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 2023.
- Investment Income: $600
- Program Service Revenue: $595,854
- Gross Receipts: $738,497
Assets and Liabilities:
- Total Assets: $458,689
- Total Liabilities: $4,433
- Net Assets: $454,256
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
METAL ARTS INCOME
Revenue
$363,274
RENTAL/EVENTS INCOME
Revenue
$202,480
PHOTO/VIDEO SHOOT
Revenue
$30,100
Organization Details
Founding Year
2002
Principal Officer
Steve Reider
Website
www.slossfurnaces.comNTEE Category
Code: A54 - Arts
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