Overview
What is Royal Ontario Museum?
The Royal Ontario Museum (ROM) is a leading Canadian cultural institution based in Toronto. With a mission to broaden humanity's knowledge of ourselves, our society, and the natural world, the ROM houses an impressive collection of over 13 million art objects and natural history specimens. As a renowned field research institute, the museum is at the forefront of new discoveries and original findings in both the artistic and natural realms. With 40 gallery exhibition spaces, the ROM invites visitors to immerse themselves in a diverse range of cultural and historical treasures, from around the world and across the ages.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68% (Two-Star out of Four Stars)
The Royal Ontario Museum has received a 68% score from Charity Navigator, reflecting a Two-Star rating primarily based on its Accountability & Finance metrics. The score indicates that while the organization demonstrates good governance with a majority of independent board members and comprehensive policies for conflict of interest and whistleblowing, there are significant concerns in other financial areas.
The organization has strengths in board independence and financial oversight, with perfect scores in several governance categories. The audit process appears robust, and the museum adheres to proper documentation practices. However, the financial ratio of liabilities to assets is particularly troubling, scoring zero in this area, which may suggest financial instability.
Additionally, the program expense ratio is moderate, indicating that a significant portion of funds is directed towards programs, though it could be improved. Overall, while the Royal Ontario Museum has structured governance practices, its financial metrics present challenges that potential donors should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Royal Ontario Museum legitimate?
Royal Ontario Museum is a legitimate nonprofit organization registered as a 501(c)(3) entity. Royal Ontario Museum 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: $2,162,877
Professional Fundraising Fees: $0
Other Salaries and Wages: $20,291,597
For more financial information, click here
What is the mission statement of Royal Ontario Museum?
The Royal Ontario Museum is a leading cultural institution in North America, renowned for showcasing art, culture, and nature from around the world and throughout history. As a pioneering field research institute, the museum is at the forefront of new and original findings, contributing significantly to advancing our understanding of the artistic, cultural, and natural world. The ROM houses an impressive collection of over 13 million art objects and natural history specimens, which are displayed in 40 gallery exhibition spaces, making it one of the largest and most comprehensive museums in Canada. By presenting diverse and captivating exhibitions, the museum fosters curiosity and knowledge in visitors, inspiring them to engage with the world around them.
Who is the CEO of Royal Ontario Museum?
Smriti Agarwal is the Director And Chief Executive Officer of Royal Ontario Museum. The CEO's salary of Royal Ontario Museum is $421,766 and their total compensation is $421,766.
What is the revenue of Royal Ontario Museum?
Royal Ontario Museum's revenue in 2022 was $61,371,646.
Who are the executives of Royal Ontario Museum and what are their salaries?
The average compensation at Royal Ontario Museum during 2022 was $47,472. There are 473 employees and 494 volunteers at Royal Ontario Museum.
Here are 35 key members and their salaries (Royal Ontario Museum's CEO's salary is $421,766 and their total compensation is $421,766):
- Compensation: $421,766
- Related: $0
- Other: $0
- Compensation: $179,682
- Related: $0
- Other: $0
- Compensation: $245,596
- Related: $0
- Other: $0
- Compensation: $256,941
- Related: $0
- Other: $0
- Compensation: $245,596
- Related: $0
- Other: $0
- Compensation: $158,966
- Related: $0
- Other: $0
- Compensation: $176,922
- Related: $0
- Other: $0
- Compensation: $176,922
- Related: $0
- Other: $0
- Compensation: $138,082
- Related: $0
- Other: $0
- Compensation: $125,766
- Related: $0
- Other: $0
- Compensation: $150,490
- Related: $0
- Other: $0
- Compensation: $118,537
- Related: $0
- Other: $0
- Compensation: $149,991
- Related: $0
- Other: $0
- Compensation: $121,606
- Related: $0
- Other: $0
- Compensation: $131,470
- Related: $0
- Other: $0
- Compensation: $126,775
- Related: $0
- Other: $0
- Compensation: $124,510
- Related: $0
- Other: $0
- Compensation: $123,543
- Related: $0
- Other: $0
- Compensation: $121,647
- Related: $0
- Other: $0
- Compensation: $121,647
- Related: $0
- Other: $0
- Compensation: $121,377
- Related: $0
- Other: $0
- Compensation: $118,943
- Related: $0
- Other: $0
- Compensation: $121,123
- Related: $0
- Other: $0
- Compensation: $117,909
- Related: $0
- Other: $0
- Compensation: $117,281
- Related: $0
- Other: $0
- Compensation: $116,432
- Related: $0
- Other: $0
- Compensation: $115,840
- Related: $0
- Other: $0
- Compensation: $114,898
- Related: $0
- Other: $0
- Compensation: $110,459
- Related: $0
- Other: $0
- Compensation: $107,451
- Related: $0
- Other: $0
- Compensation: $107,451
- Related: $0
- Other: $0
- Compensation: $105,991
- Related: $0
- Other: $0
- Compensation: $101,340
- Related: $0
- Other: $0
- Compensation: $101,340
- Related: $0
- Other: $0
- Compensation: $101,340
- Related: $0
- Other: $0
Where can I find the form 990 for Royal Ontario Museum?
Royal Ontario Museum's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Royal Ontario Museum
The Royal Ontario Museum, a leading cultural institution in North America, is renowned for its showcase of art, culture, and nature from across the globe and throughout history. As Canada's premier field research institute, the ROM pushes the boundaries of knowledge in artistic, cultural, and natural realms. With a vast collection of 13 million art objects and natural history specimens, the ROM houses exhibits in 40 gallery spaces, making it the largest and most comprehensive museum in the country. The ROM's influence extends beyond borders, as an international innovator in groundbreaking discoveries. Through its extensive collection and research, the ROM advances our understanding of the artistic, cultural, and natural world, enriching our lives and broadening our horizons.
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Impact
October, 2024
The Royal Ontario Museum (ROM) serves as a vital resource for understanding art, culture, and nature from around the globe and throughout history. With a world-class collection of 13 million artifacts and natural history specimens, the ROM stands as Canada's largest and most comprehensive museum, attracting both local and international visitors.
Through its extensive research initiatives and exhibitions, the ROM not only enriches public knowledge but also contributes to the global discourse on cultural and scientific issues. It showcases diverse narratives that foster a deeper appreciation for the interconnectedness of humanity and the natural environment. As one of the top 10 cultural institutions in North America, the ROM plays a pivotal role in advancing scholarship, education, and public engagement, making significant strides in the fields of art and natural history.
Furthermore, by employing scholars for research and education, the museum interprets its vast collections in ways that resonate with contemporary audiences. The ROM’s commitment to the preservation and interpretation of its collections allows for the continued exploration of human and natural histories, thus empowering individuals to better understand their place in the world. Through its dynamic exhibits and programs, the ROM impacts society by sparking curiosity, encouraging learning, and promoting cultural exchange.
This information is meant to be a general summary of Royal Ontario Museum. 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: $6,377
- Program Service Revenue: $12,019,656
- Gross Receipts: $61,371,646
Assets and Liabilities:
- Total Assets: $166,282,284
- Total Liabilities: $201,117,011
- Net Assets: -$34,834,727
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$5,363,476
Event Rental & Retail sales
Revenue
$1,027,088
PUBLIC PROGRAM
Revenue
$112,108
MUSEUM SALES
Revenue
$251,479
Organization Details
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