Golisano Childrens Museum Of Naples Inc
Golisano Childrens Museum Of Naples maintains stable assets despite fluctuating annual operating results and reports no officer compensation.
EIN: 10687133 · Naples, FL · NTEE: A52 · Updated: 2026-03-28
Is Golisano Childrens Museum Of Naples Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Golisano Childrens Museum Of Naples Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Golisano Childrens Museum Of Naples Inc
Golisano Childrens Museum Of Naples Inc (EIN: 10687133) is a nonprofit organization based in Naples, FL, classified under NTEE code A52. The organization reported total revenue of $2.5M and total assets of $17.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Golisano Childrens Museum Of Naples Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Golisano Childrens Museum Of Naples Inc is a mid-size nonprofit that has been operating for 24 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -13.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-154,833 |
| Total Assets | $17.2M |
| Total Liabilities | $476K |
| Net Assets | $16.8M |
| Operating Margin | -8.6% |
| Debt-to-Asset Ratio | 2.8% |
| Months of Reserves | 106.3 months |
Financial Health Grade: B
In 2023, Golisano Childrens Museum Of Naples Inc reported a deficit of $155K with expenses exceeding revenue, holds 106.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.8% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Golisano Childrens Museum Of Naples Inc's revenue has declined at a compound annual growth rate (CAGR) of -13.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -48.8% | -42.6% | -0.8% |
| 2022 | +64.5% | +21.6% | -3.7% |
| 2021 | +19.1% | +8.1% | -2.5% |
| 2020 | -29.2% | -4.8% | -4.2% |
| 2019 | +10.0% | +3.2% | -1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2002 |
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 Golisano Childrens Museum Of Naples Inc with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Golisano Childrens Museum Of Naples Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $155K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that its leadership may be entirely volunteer-based or compensated through other means not categorized as officer compensation, which can be a positive for direct program spending.
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 Golisano Childrens Museum Of Naples Inc's IRS 990 filings:
- Expenses exceeded revenue in multiple recent periods (e.g., 2023, 2021, 2020, 2019, 2018, 2017, 2015, 2014), indicating reliance on reserves or prior surpluses to cover operational costs.
Strengths
The following positive indicators were identified for Golisano Childrens Museum Of Naples Inc:
- Strong and consistent asset base, with assets consistently above $17 million, providing financial stability.
- Consistent reporting of 0% officer compensation, suggesting efficient use of funds for mission-related activities.
- Excellent asset-to-liability ratio (approx. 36.2:1 in 2023), indicating strong financial solvency.
- Consistent IRS 990 filing history (14 filings), demonstrating commitment to transparency.
Frequently Asked Questions about Golisano Childrens Museum Of Naples Inc
Is Golisano Childrens Museum Of Naples Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Golisano Childrens Museum Of Naples Inc (EIN: 10687133) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Golisano Childrens Museum Of Naples Inc spend its money?
Golisano Childrens Museum Of Naples Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Golisano Childrens Museum Of Naples Inc tax-deductible?
Golisano Childrens Museum Of Naples Inc is registered as a tax-exempt nonprofit (EIN: 10687133). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Golisano Childrens Museum Of Naples Inc a good charity?
Based on the available financial data, the museum appears to be a financially stable organization with a strong asset base ($17,246,744 in 2023). Its consistent reporting of 0% officer compensation is a positive indicator of resource allocation. While some years show expenses exceeding revenue, this is not uncommon for nonprofits and is mitigated by its substantial assets. The consistent filing of 990s also points to good transparency.
How has the organization's revenue trended over the past few years?
Revenue has fluctuated, ranging from a low of $1,728,402 in 2017 to a high of $3,501,605 in 2022. The latest reported revenue for the period ending June 2023 was $1,792,891, which is lower than the previous year's peak.
What is the organization's asset-to-liability ratio?
For the period ending June 2023, the organization had assets of $17,246,744 and liabilities of $475,996. This results in a very strong asset-to-liability ratio of approximately 36.2 to 1, indicating excellent financial solvency.
Filing History
IRS 990 filing history for Golisano Childrens Museum Of Naples Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Golisano Childrens Museum Of Naples Inc's revenue has declined by 84.8%, moving from $11.8M to $1.8M. Total assets decreased by 21.7% over the same period, from $22.0M to $17.2M. Total functional expenses rose by 90.3%, from $1.0M to $1.9M. In its most recent filing year (2023), Golisano Childrens Museum Of Naples Inc reported a deficit of $155K, with expenses exceeding revenue. The organization holds $476K in liabilities against $17.2M in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $16.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.9M | $17.2M | $476K | — | — |
| 2022 | $3.5M | $3.4M | $17.4M | $529K | — | View 990 |
| 2021 | $2.1M | $2.8M | $18.0M | $581K | — | View 990 |
| 2020 | $1.8M | $2.6M | $18.5M | $393K | — | View 990 |
| 2019 | $2.5M | $2.7M | $19.3M | $432K | — | View 990 |
| 2018 | $2.3M | $2.6M | $19.5M | $292K | — | View 990 |
| 2017 | $1.7M | $2.6M | $19.9M | $258K | — | View 990 |
| 2016 | $2.8M | $2.5M | $20.7M | $225K | — | — |
| 2015 | $1.9M | $2.6M | $20.5M | $238K | — | View 990 |
| 2014 | $1.6M | $2.7M | $21.5M | $564K | — | View 990 |
| 2013 | $2.0M | $2.7M | $23.4M | $1.2M | — | View 990 |
| 2012 | $2.5M | $4.0M | $25.0M | $2.1M | — | View 990 |
| 2011 | $4.5M | $1.3M | $27.9M | $3.2M | — | View 990 |
| 2010 | $11.8M | $1.0M | $22.0M | $627K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.9M, and assets of $17.2M (revenue -48.8% year-over-year).
- 2022: Revenue of $3.5M, expenses of $3.4M, and assets of $17.4M (revenue +64.5% year-over-year).
- 2021: Revenue of $2.1M, expenses of $2.8M, and assets of $18.0M (revenue +19.1% year-over-year).
- 2020: Revenue of $1.8M, expenses of $2.6M, and assets of $18.5M (revenue -29.2% year-over-year).
- 2019: Revenue of $2.5M, expenses of $2.7M, and assets of $19.3M (revenue +10.0% year-over-year).
- 2018: Revenue of $2.3M, expenses of $2.6M, and assets of $19.5M (revenue +32.9% year-over-year).
- 2017: Revenue of $1.7M, expenses of $2.6M, and assets of $19.9M (revenue -37.5% year-over-year).
- 2016: Revenue of $2.8M, expenses of $2.5M, and assets of $20.7M (revenue +44.3% year-over-year).
- 2015: Revenue of $1.9M, expenses of $2.6M, and assets of $20.5M (revenue +20.1% year-over-year).
- 2014: Revenue of $1.6M, expenses of $2.7M, and assets of $21.5M (revenue -20.5% year-over-year).
- 2013: Revenue of $2.0M, expenses of $2.7M, and assets of $23.4M (revenue -20.0% year-over-year).
- 2012: Revenue of $2.5M, expenses of $4.0M, and assets of $25.0M (revenue -44.6% year-over-year).
- 2011: Revenue of $4.5M, expenses of $1.3M, and assets of $27.9M (revenue -61.5% year-over-year).
- 2010: Revenue of $11.8M, expenses of $1.0M, and assets of $22.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Golisano Childrens Museum Of Naples Inc:
Data Sources and Methodology
This transparency report for Golisano Childrens Museum Of Naples 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.