Historic Morven Inc
Historic Morven Inc: Stable Assets, Fluctuating Revenue, and Strong Program Focus
EIN: 222817982 · Princeton, NJ · NTEE: A82Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $1.7M |
| Program Spending | 85% |
| Net Assets | $25.1M |
| Transparency Score | 85/100 |
Is Historic Morven Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Historic Morven Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Historic Morven Inc
Historic Morven Inc (EIN: 222817982) is a nonprofit organization based in Princeton, NJ, classified under NTEE code A82Z. The organization reported total revenue of $2.1M and total assets of $25.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Historic Morven Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Historic Morven Inc is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-398,232 |
| Total Assets | $25.2M |
| Total Liabilities | $108K |
| Net Assets | $25.1M |
| Operating Margin | -29.7% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 173.8 months |
Financial Health Grade: B
In 2023, Historic Morven Inc reported a deficit of $398K with expenses exceeding revenue, holds 173.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Historic Morven Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.2% | -14.8% | +0.8% |
| 2022 | -80.2% | +15.7% | -7.7% |
| 2021 | +669.4% | +21.9% | +64.5% |
| 2020 | +17.5% | -9.6% | +0.9% |
| 2019 | -3.2% | +14.4% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1987 |
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 Historic Morven 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Historic Morven Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $398K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of its reasonableness relative to the organization's revenue and asset size.
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 Historic Morven Inc's IRS 990 filings:
- Revenue has shown significant fluctuations, from $11.3M in 2021 to $2.1M in 2023, which could impact long-term financial planning.
- The provided data does not include specific executive compensation figures, making it difficult to assess this aspect of financial management.
Strengths
The following positive indicators were identified for Historic Morven Inc:
- Historic Morven Inc maintains a substantial asset base, reaching $25.8M in 2023, providing financial stability.
- The organization consistently reports low liabilities, indicating sound financial health.
- A consistent 0% lobbying cost suggests a strong dedication to direct programmatic work rather than advocacy.
- The organization has demonstrated resilience in managing expenses, keeping them below revenue in most years despite revenue volatility.
Frequently Asked Questions about Historic Morven Inc
Is Historic Morven Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Historic Morven Inc (EIN: 222817982) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Historic Morven Inc spend its money?
Historic Morven Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Historic Morven Inc tax-deductible?
Historic Morven Inc is registered as a tax-exempt nonprofit (EIN: 222817982). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Historic Morven Inc's spending goes to programs?
Historic Morven Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Historic Morven Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Historic Morven Inc is above average for NTEE category A82Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Historic Morven Inc located?
Historic Morven Inc is headquartered in Princeton, New Jersey and files with the IRS under EIN 222817982. It is classified under NTEE code A82Z.
How many years of IRS 990 filings does Historic Morven Inc have?
Historic Morven Inc has 13 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 $2.1M in total revenue.
What does Historic Morven Inc do?
Historic Morven Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Princeton, New Jersey. It is classified under NTEE code A82Z.
How much revenue does Historic Morven Inc have?
Historic Morven Inc reported total revenue of $2,121,161. Based on 13 IRS 990 filings on record.
What are Historic Morven Inc's total assets?
Historic Morven Inc holds total assets of $25,894,315 as reported in IRS 990 filings.
Where is Historic Morven Inc located?
Historic Morven Inc is based in Princeton, New Jersey.
What is Historic Morven Inc's EIN?
Historic Morven Inc's Employer Identification Number (EIN) is 222817982. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Historic Morven Inc?
Historic Morven Inc is classified under NTEE code A82Z (Arts, Culture & Humanities).
Is Historic Morven Inc a registered 501(c)(3)?
Yes, Historic Morven Inc is recognized as a tax-exempt organization by the IRS. EIN: 222817982.
Does Historic Morven Inc file IRS Form 990?
Yes, Historic Morven Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Historic Morven Inc's revenue in 2023?
In the 202306 filing period, Historic Morven Inc reported total revenue of $1,339,875, total expenses of $1,738,107, and net assets of $25,171,817.
Is Historic Morven Inc's revenue growing or declining?
Historic Morven Inc's revenue is declining. Revenue went from $2,239,709 (202206) to $1,339,875 (202306), a -40.2% change. Based on 13 filings on record.
What is Historic Morven Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Historic Morven Inc covers tax period 202306. It shows revenue of $1,339,875, expenses of $1,738,107, total assets of $25,171,817, and liabilities of $108,467.
How much does Historic Morven Inc spend on programs vs administration?
Based on IRS 990 analysis, Historic Morven Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Historic Morven Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Historic Morven Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 4 strengths noted.
What are the red flags for Historic Morven Inc?
The following concerns were identified: Revenue has shown significant fluctuations, from $11.3M in 2021 to $2.1M in 2023, which could impact long-term financial planning.. The provided data does not include specific executive compensation figures, making it difficult to assess this aspect of financial management.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Historic Morven Inc's strengths?
Positive indicators for Historic Morven Inc include: Historic Morven Inc maintains a substantial asset base, reaching $25.8M in 2023, providing financial stability.. The organization consistently reports low liabilities, indicating sound financial health.. A consistent 0% lobbying cost suggests a strong dedication to direct programmatic work rather than advocacy.. The organization has demonstrated resilience in managing expenses, keeping them below revenue in most years despite revenue volatility.. These findings are derived from AI analysis of the organization's financial filings.
How does Historic Morven Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of its reasonableness relative to the organization's revenue and asset size. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the dramatic revenue spike in 2021 ($11.3M) compared to surrounding years (e.g., $2.2M in 2022)?
The provided data does not specify the source of the significant revenue increase in 2021. This could be due to a large one-time donation, a major grant, or a specific fundraising campaign that year, which would warrant further investigation.
How does Historic Morven Inc manage its expenses to remain relatively stable despite significant revenue fluctuations?
Despite revenue varying widely, expenses have remained relatively consistent, ranging from $1.3M to $2.0M annually. This suggests effective cost control measures and potentially a reliance on its substantial asset base to cover operational costs during lower revenue periods.
Filing History
IRS 990 filing history for Historic Morven Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Historic Morven Inc's revenue has declined by 8.2%, moving from $1.5M to $1.3M. Total assets increased by 88.2% over the same period, from $13.4M to $25.2M. Total functional expenses rose by 146.9%, from $704K to $1.7M. In its most recent filing year (2023), Historic Morven Inc reported a deficit of $398K, with expenses exceeding revenue. The organization holds $108K in liabilities against $25.2M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $25.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.7M | $25.2M | $108K | — | View 990 |
| 2022 | $2.2M | $2.0M | $25.0M | $314K | — | View 990 |
| 2021 | $11.3M | $1.8M | $27.0M | $349K | — | — |
| 2020 | $1.5M | $1.4M | $16.4M | $237K | — | View 990 |
| 2019 | $1.3M | $1.6M | $16.3M | $130K | — | View 990 |
| 2018 | $1.3M | $1.4M | $16.6M | $32K | — | View 990 |
| 2017 | $2.5M | $1.4M | $16.7M | $81K | — | View 990 |
| 2016 | $1.3M | $1.6M | $15.5M | $71K | — | View 990 |
| 2015 | $2.4M | $1.2M | $15.9M | $127K | — | View 990 |
| 2014 | $1.8M | $1.0M | $14.6M | $28K | — | View 990 |
| 2013 | $1.2M | $964K | $13.9M | $28K | — | View 990 |
| 2012 | $1.3M | $878K | $13.6M | $35K | — | View 990 |
| 2011 | $1.5M | $704K | $13.4M | $165K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.7M, and assets of $25.2M (revenue -40.2% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.0M, and assets of $25.0M (revenue -80.2% year-over-year).
- 2021: Revenue of $11.3M, expenses of $1.8M, and assets of $27.0M (revenue +669.4% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.4M, and assets of $16.4M (revenue +17.5% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.6M, and assets of $16.3M (revenue -3.2% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.4M, and assets of $16.6M (revenue -49.0% year-over-year).
- 2017: Revenue of $2.5M, expenses of $1.4M, and assets of $16.7M (revenue +101.4% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.6M, and assets of $15.5M (revenue -47.5% year-over-year).
- 2015: Revenue of $2.4M, expenses of $1.2M, and assets of $15.9M (revenue +36.9% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.0M, and assets of $14.6M (revenue +47.6% year-over-year).
- 2013: Revenue of $1.2M, expenses of $964K, and assets of $13.9M (revenue -7.2% year-over-year).
- 2012: Revenue of $1.3M, expenses of $878K, and assets of $13.6M (revenue -12.3% year-over-year).
- 2011: Revenue of $1.5M, expenses of $704K, and assets of $13.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Historic Morven Inc:
Data Sources and Methodology
This transparency report for Historic Morven 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.