Conocophillips Heritage Museums Inc
Conocophillips Heritage Museums Inc. faces persistent operating deficits and declining assets over the past decade.
EIN: 202555951 · Bartlesville, OK · NTEE: A50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $138K |
| Total Expenses | $464K |
| Program Spending | 70% |
| Net Assets | $5.8M |
| Transparency Score | 45/100 |
Is Conocophillips Heritage Museums Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Conocophillips Heritage Museums Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Conocophillips Heritage Museums Inc
Conocophillips Heritage Museums Inc (EIN: 202555951) is a nonprofit organization based in Bartlesville, OK, classified under NTEE code A50. The organization reported total revenue of $138K and total assets of $5.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Conocophillips Heritage Museums Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Conocophillips Heritage Museums Inc is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $262K |
| Total Expenses | $464K |
| Surplus / Deficit | $-202,119 |
| Total Assets | $5.8M |
| Total Liabilities | $3K |
| Net Assets | $5.8M |
| Operating Margin | -77.3% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 150.2 months |
Financial Health Grade: B
In 2023, Conocophillips Heritage Museums Inc reported a deficit of $202K with expenses exceeding revenue, holds 150.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Conocophillips Heritage Museums Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -46.9% | -38.8% | -4.0% |
| 2022 | +3.0% | +5.5% | -3.5% |
| 2021 | +4.8% | +0.9% | -4.4% |
| 2020 | -3.1% | -3.1% | -3.6% |
| 2019 | -10.1% | -5.4% | -13.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Conocophillips Heritage Museums Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Conocophillips Heritage Museums Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $202K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Officer compensation is reported as 0% across all available filings, suggesting either a volunteer leadership structure or that executive compensation is handled by a related entity, which enhances transparency regarding direct salary costs from the organization's budget.
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 Conocophillips Heritage Museums Inc's IRS 990 filings:
- Persistent operating deficits: Expenses consistently exceed revenue across all reported periods (e.g., $463,716 expenses vs. $261,597 revenue in 2023).
- Significant decline in assets: Total assets have decreased from $9.34 million in 2011 to $5.81 million in 2023.
- Unsustainable financial model: The organization appears to be funding operations by drawing down its asset base.
Strengths
The following positive indicators were identified for Conocophillips Heritage Museums Inc:
- Transparency in executive compensation: Officer compensation is consistently reported as 0% across all filings.
- Long operational history: The organization has a history of at least 10 years of IRS 990 filings.
Frequently Asked Questions about Conocophillips Heritage Museums Inc
Is Conocophillips Heritage Museums Inc a legitimate charity?
Conocophillips Heritage Museums Inc (EIN: 202555951) is a registered tax-exempt nonprofit based in Oklahoma. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $138K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Conocophillips Heritage Museums Inc spend its money?
Conocophillips Heritage Museums Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Conocophillips Heritage Museums Inc tax-deductible?
Conocophillips Heritage Museums Inc is registered as a tax-exempt nonprofit (EIN: 202555951). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Conocophillips Heritage Museums Inc's spending goes to programs?
Conocophillips Heritage Museums Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Conocophillips Heritage Museums Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Conocophillips Heritage Museums Inc is near average for NTEE category A50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Conocophillips Heritage Museums Inc located?
Conocophillips Heritage Museums Inc is headquartered in Bartlesville, Oklahoma and files with the IRS under EIN 202555951. It is classified under NTEE code A50.
How many years of IRS 990 filings does Conocophillips Heritage Museums Inc have?
Conocophillips Heritage Museums Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $138K in total revenue.
Is Conocophillips Heritage Museums Inc. financially stable?
No, the organization has consistently reported expenses exceeding revenue for over a decade, leading to a significant decline in assets from $9.34 million in 2011 to $5.81 million in 2023. This indicates financial instability.
What is the trend in the organization's assets?
The organization's assets have been in a consistent decline, decreasing from $9,340,969 in 2011 to $5,805,822 in 2023, indicating that the organization is drawing down its reserves.
How does the organization fund its operations?
Given that expenses consistently exceed revenue (e.g., $463,716 expenses vs. $261,597 revenue in 2023), the organization appears to be funding its operations by liquidating or drawing down its existing assets.
Is executive compensation a concern?
No, the filings consistently show 0% officer compensation, which suggests that executive pay is not a direct drain on the organization's reported expenses, or that leadership is entirely volunteer-based.
Filing History
IRS 990 filing history for Conocophillips Heritage Museums Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Conocophillips Heritage Museums Inc's revenue has declined by 25.5%, moving from $351K to $262K. Total assets decreased by 37.8% over the same period, from $9.3M to $5.8M. Total functional expenses fell by 70.3%, from $1.6M to $464K. In its most recent filing year (2023), Conocophillips Heritage Museums Inc reported a deficit of $202K, with expenses exceeding revenue. The organization holds $3K in liabilities against $5.8M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $5.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $262K | $464K | $5.8M | $3K | — | — |
| 2022 | $492K | $758K | $6.1M | $46K | — | View 990 |
| 2021 | $478K | $718K | $6.3M | $1 | — | View 990 |
| 2020 | $456K | $712K | $6.6M | $47K | — | — |
| 2019 | $471K | $735K | $6.8M | $34K | — | View 990 |
| 2015 | $524K | $777K | $7.8M | $40K | — | View 990 |
| 2014 | $516K | $744K | $8.1M | $43K | — | View 990 |
| 2013 | $573K | $926K | $8.3M | $35K | — | View 990 |
| 2012 | $447K | $1.1M | $8.6M | $35K | — | View 990 |
| 2011 | $351K | $1.6M | $9.3M | $71K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $262K, expenses of $464K, and assets of $5.8M (revenue -46.9% year-over-year).
- 2022: Revenue of $492K, expenses of $758K, and assets of $6.1M (revenue +3.0% year-over-year).
- 2021: Revenue of $478K, expenses of $718K, and assets of $6.3M (revenue +4.8% year-over-year).
- 2020: Revenue of $456K, expenses of $712K, and assets of $6.6M (revenue -3.1% year-over-year).
- 2019: Revenue of $471K, expenses of $735K, and assets of $6.8M (revenue -10.1% year-over-year).
- 2015: Revenue of $524K, expenses of $777K, and assets of $7.8M (revenue +1.5% year-over-year).
- 2014: Revenue of $516K, expenses of $744K, and assets of $8.1M (revenue -9.9% year-over-year).
- 2013: Revenue of $573K, expenses of $926K, and assets of $8.3M (revenue +28.3% year-over-year).
- 2012: Revenue of $447K, expenses of $1.1M, and assets of $8.6M (revenue +27.1% year-over-year).
- 2011: Revenue of $351K, expenses of $1.6M, and assets of $9.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Conocophillips Heritage Museums Inc:
Data Sources and Methodology
This transparency report for Conocophillips Heritage Museums Inc 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.