Kregel Windmill Factory Museum
Kregel Windmill Factory Museum consistently operates at a deficit, drawing down assets over the past decade.
EIN: 208943847 · Nebraska City, NE · NTEE: A50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $112K |
| Total Expenses | $151K |
| Program Spending | 70% |
| Net Assets | $1.1M |
| Transparency Score | 60/100 |
Is Kregel Windmill Factory Museum Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kregel Windmill Factory Museum directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Kregel Windmill Factory Museum
Kregel Windmill Factory Museum (EIN: 208943847) is a nonprofit organization based in Nebraska City, NE, classified under NTEE code A50. The organization reported total revenue of $112K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kregel Windmill Factory Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kregel Windmill Factory Museum is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $111K |
| Total Expenses | $151K |
| Surplus / Deficit | $-40,027 |
| Total Assets | $1.1M |
| Net Assets | $1.1M |
| Operating Margin | -36.0% |
| Months of Reserves | 90.8 months |
Financial Health Grade: C
In 2023, Kregel Windmill Factory Museum reported a deficit of $40K with expenses exceeding revenue, holds 90.8 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Kregel Windmill Factory Museum's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.4% | -4.8% | -3.4% |
| 2022 | -14.2% | -15.7% | -3.1% |
| 2021 | +7.6% | +29.3% | -4.7% |
| 2020 | -29.1% | -28.2% | -1.1% |
| 2019 | +66.5% | +24.3% | -2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Kregel Windmill Factory Museum with a Mission Score of 60 out of 100 (Good). 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, Kregel Windmill Factory Museum 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 $40K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for resource allocation.
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 Kregel Windmill Factory Museum's IRS 990 filings:
- Consistent operational deficits for over a decade
- Declining asset base year-over-year
- Expenses consistently exceeding revenue
Strengths
The following positive indicators were identified for Kregel Windmill Factory Museum:
- No reported officer compensation, indicating lean executive management
- Consistent IRS 990 filing history, demonstrating transparency
- Still maintains over $1 million in assets despite deficits
Frequently Asked Questions about Kregel Windmill Factory Museum
Is Kregel Windmill Factory Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, Kregel Windmill Factory Museum (EIN: 208943847) some concerns. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
How does Kregel Windmill Factory Museum spend its money?
Kregel Windmill Factory Museum directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kregel Windmill Factory Museum tax-deductible?
Kregel Windmill Factory Museum is registered as a tax-exempt nonprofit (EIN: 208943847). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kregel Windmill Factory Museum's spending goes to programs?
Kregel Windmill Factory Museum directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Kregel Windmill Factory Museum compare to similar nonprofits?
With a transparency score of 60/100 (Good), Kregel Windmill Factory Museum is above average for NTEE category A50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kregel Windmill Factory Museum located?
Kregel Windmill Factory Museum is headquartered in Nebraska City, Nebraska and files with the IRS under EIN 208943847. It is classified under NTEE code A50.
How many years of IRS 990 filings does Kregel Windmill Factory Museum have?
Kregel Windmill Factory Museum has 14 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 $112K in total revenue.
Is Kregel Windmill Factory Museum financially sustainable?
Based on the provided data, the museum has consistently spent more than it earned for at least the last 10 years, leading to a decline in assets from $1,548,896 in 2014 to $1,145,631 in 2023. This trend suggests that its current financial model is not sustainable without significant changes to revenue generation or expense management.
What is the primary cause of the asset decline?
The primary cause of the asset decline is the consistent operational deficit, where annual expenses have exceeded annual revenues. For example, in 2023, expenses were $151,329 while revenue was $111,302, resulting in a net loss that contributes to the reduction of assets.
How does the museum fund its operations without officer compensation?
The absence of officer compensation suggests that the organization relies heavily on volunteer leadership or that any compensation for key personnel is categorized differently within the expense structure, which is not detailed in the summary data. This indicates a lean operational approach at the executive level.
Filing History
IRS 990 filing history for Kregel Windmill Factory Museum showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Kregel Windmill Factory Museum's revenue has grown by 11.1%, moving from $100K to $111K. Total assets increased by 933.7% over the same period, from $111K to $1.1M. Total functional expenses rose by 653.9%, from $20K to $151K. In its most recent filing year (2023), Kregel Windmill Factory Museum reported a deficit of $40K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $111K | $151K | $1.1M | $-690 | — | — |
| 2022 | $110K | $159K | $1.2M | $-389 | — | — |
| 2021 | $128K | $189K | $1.2M | $4K | — | — |
| 2020 | $119K | $146K | $1.3M | $3K | — | View 990 |
| 2019 | $168K | $203K | $1.3M | $3K | — | View 990 |
| 2018 | $101K | $164K | $1.3M | $7K | — | View 990 |
| 2017 | $111K | $159K | $1.4M | $5K | — | View 990 |
| 2016 | $73K | $123K | $1.4M | $5K | — | View 990 |
| 2015 | $76K | $139K | $1.5M | $5K | — | View 990 |
| 2014 | $37K | $142K | $1.5M | $971 | — | View 990 |
| 2013 | $188K | $142K | $1.7M | $3K | — | View 990 |
| 2012 | $1.4M | $105K | $1.6M | $0 | — | View 990 |
| 2011 | $278K | $44K | $341K | $0 | — | View 990 |
| 2010 | $100K | $20K | $111K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $111K, expenses of $151K, and assets of $1.1M (revenue +1.4% year-over-year).
- 2022: Revenue of $110K, expenses of $159K, and assets of $1.2M (revenue -14.2% year-over-year).
- 2021: Revenue of $128K, expenses of $189K, and assets of $1.2M (revenue +7.6% year-over-year).
- 2020: Revenue of $119K, expenses of $146K, and assets of $1.3M (revenue -29.1% year-over-year).
- 2019: Revenue of $168K, expenses of $203K, and assets of $1.3M (revenue +66.5% year-over-year).
- 2018: Revenue of $101K, expenses of $164K, and assets of $1.3M (revenue -8.9% year-over-year).
- 2017: Revenue of $111K, expenses of $159K, and assets of $1.4M (revenue +51.6% year-over-year).
- 2016: Revenue of $73K, expenses of $123K, and assets of $1.4M (revenue -3.4% year-over-year).
- 2015: Revenue of $76K, expenses of $139K, and assets of $1.5M (revenue +102.0% year-over-year).
- 2014: Revenue of $37K, expenses of $142K, and assets of $1.5M (revenue -80.1% year-over-year).
- 2013: Revenue of $188K, expenses of $142K, and assets of $1.7M (revenue -86.3% year-over-year).
- 2012: Revenue of $1.4M, expenses of $105K, and assets of $1.6M (revenue +393.7% year-over-year).
- 2011: Revenue of $278K, expenses of $44K, and assets of $341K (revenue +177.1% year-over-year).
- 2010: Revenue of $100K, expenses of $20K, and assets of $111K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kregel Windmill Factory Museum:
Data Sources and Methodology
This transparency report for Kregel Windmill Factory 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.