Overview
What is Los Angeles County Museum Of Natural History Foundation?
The Los Angeles County Museum of Natural History Foundation is a nonprofit organization based in Los Angeles, California, with a mission to inspire awe, learning, and responsibility towards our natural and cultural worlds. They achieve this through the creation and display of permanent and traveling exhibits, public programming, and educational and research initiatives. Despite the challenges posed by the COVID-19 pandemic, which forced the closure of their physical museums and significantly reduced their offerings to mostly digital programming, the organization remained committed to preserving its full-time staff positions and selectively decreasing certain operating expenses. With a workforce of 470 employees, the Los Angeles County Museum of Natural History Foundation continues to make a valuable contribution to the community.
Official website here: www.nhm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Los Angeles County Museum Of Natural History Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in the Accountability & Finance category. The foundation's commitment to transparency and responsible financial management is highlighted by its perfect score of 100% in this area, indicating a high level of trustworthiness.
Strengths of the organization include a majority independent board, consisting of 97% independent members, and a substantial board size of 41 members. Additionally, the foundation has solid policies in place for audit oversight, conflict of interest, and whistleblower protections, which further enhance its credibility. The financial metrics show a healthy balance, with a liabilities to assets ratio of 40.22% and a program expense ratio of 73.63%, demonstrating a focus on its mission-driven activities.
While the data showcases strong accountability and financial practices, further information on the foundation's programmatic impact and community engagement would provide a more comprehensive understanding of its overall effectiveness. Nonetheless, the foundation's high rating serves as a strong endorsement of its operational integrity and commitment to its objectives.
This AI summary has been generated from information found on Charity Navigator.
Is Los Angeles County Museum Of Natural History Foundation legitimate?
Los Angeles County Museum Of Natural History Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Los Angeles County Museum Of Natural History 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: $2,585,347
Professional Fundraising Fees: $0
Other Salaries and Wages: $20,310,612
For more financial information, click here
Official website here: www.nhm.org
What is the mission statement of Los Angeles County Museum Of Natural History Foundation?
The Los Angeles County Museum of Natural History Foundation strives to ignite a sense of wonder and curiosity about the natural and cultural worlds through various means. This is achieved through the presentation of permanent and traveling exhibits, public programming, and educational and research programs. The foundation's mission is to inspire discovery and responsibility towards our natural and cultural heritage. Due to the impact of COVID-19, the foundation has had to shift its focus towards mostly digital programming, which has negatively affected earned revenue. In an effort to preserve full-time staff positions, certain operating expenses have been decreased.
Official website here: www.nhm.org
Who is the CEO of Los Angeles County Museum Of Natural History Foundation?
Lori Bettison-Varga is the President & Director of Los Angeles County Museum Of Natural History Foundation.
Official website here: www.nhm.org
What is the revenue of Los Angeles County Museum Of Natural History Foundation?
Los Angeles County Museum Of Natural History Foundation's revenue in 2022 was $78,720,395.
Official website here: www.nhm.org
Who are the executives of Los Angeles County Museum Of Natural History Foundation and what are their salaries?
The average compensation at Los Angeles County Museum Of Natural History Foundation during 2022 was $48,715. There are 470 employees and 78 volunteers at Los Angeles County Museum Of Natural History Foundation.
Here are 54 key members and their salaries:
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Official website here: www.nhm.org
Where can I find the form 990 for Los Angeles County Museum Of Natural History Foundation?
Los Angeles County Museum Of Natural History Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nhm.org
Learn more at the official website: www.nhm.org
Mission Statement of Los Angeles County Museum Of Natural History Foundation
The Los Angeles County Museum of Natural History Foundation is a non-profit organization dedicated to igniting curiosity and fostering a sense of responsibility towards the natural and cultural worlds. It achieves this mission through a variety of means, including permanent and traveling exhibits, educational and research programs, and public programming. The foundation's collections and research activities are designed to inspire wonder and discovery, encouraging individuals to explore and learn about the world around them.
Despite the challenges posed by the COVID-19 pandemic, the Los Angeles County Museum of Natural History Foundation has continued to prioritize its educational and research efforts. While the closure of the museums necessitated a shift towards digital programming, the foundation remained committed to providing engaging and informative experiences for its audience. The pandemic's impact on earned revenue was significant, but the foundation's management prioritized the preservation of its full-time staff positions, while also implementing cost-saving measures in certain areas.
In essence, the Los Angeles County Museum of Natural History Foundation serves as a vital resource for those seeking to expand their knowledge and understanding of the natural and cultural worlds. Through its innovative programming and commitment to education, it inspires wonder, discovery, and a sense of responsibility for the world around us.
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Impact
October, 2024
The Los Angeles County Museum of Natural History Foundation significantly enriches the community by providing a wide array of educational and public programming. Through its permanent and temporary exhibits, the foundation fosters an environment where visitors can explore and engage with both natural and cultural histories. The organization actively maintains extensive collections and conducts research activities that inspire wonder, discovery, and responsibility regarding the world we inhabit.
Despite challenges posed by the COVID-19 pandemic—such as the temporary closure of museums that limited in-person programming—the foundation adapted by pivoting to mostly digital offerings, continuing to connect with audiences. This resilience highlights its commitment to education, ensuring that the knowledge and appreciation of natural and cultural worlds remain accessible. The foundation’s efforts to preserve full-time staff positions, even in the face of fiscal challenges, further emphasize its dedication to sustaining valuable educational resources for the community.
Ultimately, the foundation’s initiatives not only enhance public understanding of science and history but also inspire individuals to take responsibility for the preservation of our natural and cultural heritage.
This information is meant to be a general summary of Los Angeles County Museum Of Natural History 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: $4,632,491
- Program Service Revenue: $28,861,541
- Gross Receipts: $127,103,566
Assets and Liabilities:
- Total Assets: $377,479,748
- Total Liabilities: $155,695,512
- Net Assets: $221,784,236
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LA COUNTY SUPPORT
Revenue
$18,781,000
MUSEUM ADMISSION FEES
Revenue
$7,437,805
MUSEUM USE & SERVICES
Revenue
$2,459,796
PROGRAM INCOME
Revenue
$182,940
Organization Details
Founding Year
1965
Phone
(213) 763-3442Principal Officer
Lori Bettison-Varga
Main Address
900 EXPOSITION BLVD, LOS ANGELES, CA, 90007
Website
www.nhm.orgNTEE Category
Code: A116 - Arts
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