African-american Heritage Foundation Inc

What it reported doing in 2024

To accomplish the mission, the organization runs a museum that produces exhibits, on-site programs, off-site programs, virtual programs, and houses a collection. Exhibits: the museum's facility features two exhibit galleries. The permanent exhibit, "endless possibilities", explores over 200 years of Iowa's african american history. The changing exhibit gallery hosts a new exhibit each year on a different theme. Several traveling exhibits are also made available to organizations, businesses, libraries, and other museums for a small fee. The museum building was closed from late 2022 through may 11, 2024 due to a major renovation. During this time, off-site exhibits were held at the cedar rapids public library and cedar rapids museum of art. Traveling exhibits were rented 41 times in 13 different communities in 2024 with an estimated viewership of 16,800 people. The museum conducts numerous programs for youth and adults, both on-site at the museum and off-site at locations around the state. This includes hands-on workshops, lectures, and performances. 64 programs at the museum and around Iowa reached 2022 people in 15 Iowa communities. The museum maintains a collection of approximately 3,000 objects, over 100 linear feet of archival material, and dozens of oral histories. In addition to preserving these items for future generations, they are utilized in exhibits and programs. Most of the collection database and a selection of oral histories are available on the museum's website. From fall 2022 may 2024, the museum closed to the public for a major renovation project that transformed the buildings interior and exterior. During the renovation, the museum maintained its mission fulfillment through off-site programs and exhibits. From may december 2024, 2473 people visited the museums on- site exhibits.

Financial Efficiency

• Mission deployment rate: 57.8%; rating input score 58
• Program expense ratio: 64.4%; rating input score 64
• Fundraising efficiency: $8.08 raised per $1 spent on fundraising; rating input score 31; 31st percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 10.7%; rating input score 63; 63rd percentile among comparable filings
• Total-asset coverage ratio: 6.84; rating input score 88; 88th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
• Officer compensation ratio: 15.3%; rating input score 22; 22nd percentile among comparable filings

Growth

• Program expense growth: 4.3% per year; rating input score 100; 39th percentile among comparable filings
• Revenue growth: 17.3% per year; rating input score 100; 82nd percentile among comparable filings
• Asset growth: 11.6% per year; rating input score 100; 64th percentile among comparable filings