Bone Creek Art Museum

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Bone Creek Art Museum Form 990, Revenue, CEO Pay, and IRS Filing Signals

Bone Creek Art Museum is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Bone Creek Art Museum in one place.

Is Bone Creek Art Museum Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Request a concise report for Bone Creek Art Museum with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Bone Creek Art Museum directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

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.

Organization Overview

Bone Creek Art Museum is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 23.9%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Bone Creek Art Museum reported a surplus of $447K with revenue exceeding expenses, holds 77.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Bone Creek Art Museum's revenue has grown at a compound annual growth rate (CAGR) of 23.9%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $447K, with revenue exceeding expenses.
• Debt-to-asset ratio: 0.0%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Bone Creek Art Museum:

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.