Bone Creek Art Museum
Bone Creek Art Museum shows strong asset growth and no reported officer compensation, despite fluctuating revenues.
EIN: 208479913 · David City, NE · NTEE: A51 · Updated: 2026-03-28
About Bone Creek Art Museum
Bone Creek Art Museum (EIN: 208479913) is a nonprofit organization based in David City, NE, classified under NTEE code A51. The organization reported total revenue of $1.9M and total assets of $7.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bone Creek Art Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bone Creek Art Museum with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Bone Creek Art Museum allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers. This suggests a volunteer-led executive structure or that compensation is covered by other means not reported as officer compensation, which is highly unusual for an organization with assets exceeding $7 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bone Creek Art Museum's IRS 990 filings:
- Significant revenue volatility year-over-year, particularly the drop from $3.1M in 2022 to $1.2M in 2023, which could indicate reliance on large, infrequent donations or grants.
- No reported officer compensation for an organization with over $7 million in assets, which, while positive for direct program spending, can sometimes indicate a lack of transparency if executive functions are compensated through other means not disclosed as officer compensation.
Strengths
The following positive indicators were identified for Bone Creek Art Museum:
- Strong program spending efficiency due to 0% reported officer compensation.
- Consistent and substantial asset growth, indicating excellent financial management and long-term stability.
- Very low liabilities relative to assets, demonstrating a healthy balance sheet.
- Expenses consistently well below revenue, allowing for asset accumulation and future program investment.
- Demonstrated ability to attract significant funding, as evidenced by the $3.1 million revenue in 2022.
Frequently Asked Questions about Bone Creek Art Museum
Is Bone Creek Art Museum a good charity?
Based on its financial data, Bone Creek Art Museum appears to be a very good charity. It demonstrates strong financial health with growing assets, low liabilities, and no reported officer compensation, suggesting a high percentage of funds are directed towards its mission.
How has Bone Creek Art Museum's revenue changed over time?
Bone Creek Art Museum's revenue has shown significant growth and fluctuation. It increased from $128,455 in 2014 to a peak of $3,127,575 in 2022, then decreased to $1,228,790 in 2023. This indicates a dynamic funding environment.
What is the trend in Bone Creek Art Museum's assets?
The organization's assets have shown consistent and substantial growth, increasing from $771,300 in 2014 to $5,019,788 in 2023, and reaching $7,521,654 in its latest reported period. This indicates strong financial stewardship and accumulation of resources.
Filing History
IRS 990 filing history for Bone Creek Art Museum showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bone Creek Art Museum's revenue has grown by 1205.9%, moving from $94K to $1.2M. Total assets increased by 783.3% over the same period, from $568K to $5.0M. Total functional expenses rose by 559.3%, from $119K to $782K. In its most recent filing year (2023), Bone Creek Art Museum reported a surplus of $447K, with revenue exceeding expenses. The organization holds $2K in liabilities against $5.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $782K | $5.0M | $2K | — | — |
| 2022 | $3.1M | $269K | $4.5M | $2K | — | View 990 |
| 2021 | $687K | $329K | $1.6M | $2K | — | View 990 |
| 2020 | $166K | $88K | $1.2M | $2K | — | View 990 |
| 2019 | $172K | $83K | $1.1M | $1K | — | View 990 |
| 2018 | $187K | $107K | $1.1M | $10K | — | View 990 |
| 2017 | $130K | $77K | $1.0M | $37K | — | View 990 |
| 2016 | $94K | $65K | $962K | $43K | — | View 990 |
| 2015 | $271K | $99K | $940K | $50K | — | View 990 |
| 2014 | $128K | $122K | $771K | $57K | — | View 990 |
| 2013 | $108K | $112K | $765K | $57K | — | View 990 |
| 2012 | $201K | $105K | $777K | $65K | — | View 990 |
| 2011 | $94K | $119K | $568K | $72K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $782K, and assets of $5.0M (revenue -60.7% year-over-year).
- 2022: Revenue of $3.1M, expenses of $269K, and assets of $4.5M (revenue +355.6% year-over-year).
- 2021: Revenue of $687K, expenses of $329K, and assets of $1.6M (revenue +313.4% year-over-year).
- 2020: Revenue of $166K, expenses of $88K, and assets of $1.2M (revenue -3.3% year-over-year).
- 2019: Revenue of $172K, expenses of $83K, and assets of $1.1M (revenue -8.1% year-over-year).
- 2018: Revenue of $187K, expenses of $107K, and assets of $1.1M (revenue +43.2% year-over-year).
- 2017: Revenue of $130K, expenses of $77K, and assets of $1.0M (revenue +39.2% year-over-year).
- 2016: Revenue of $94K, expenses of $65K, and assets of $962K (revenue -65.4% year-over-year).
- 2015: Revenue of $271K, expenses of $99K, and assets of $940K (revenue +110.8% year-over-year).
- 2014: Revenue of $128K, expenses of $122K, and assets of $771K (revenue +19.5% year-over-year).
- 2013: Revenue of $108K, expenses of $112K, and assets of $765K (revenue -46.4% year-over-year).
- 2012: Revenue of $201K, expenses of $105K, and assets of $777K (revenue +113.3% year-over-year).
- 2011: Revenue of $94K, expenses of $119K, and assets of $568K.
Data Sources and Methodology
This transparency report for Bone Creek Art Museum is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.