Monmouth Museum And Cultural Center
Monmouth Museum: Declining Revenue, High Administrative Costs, and Leadership Turnover Concerns
EIN: 221739205 · Lincroft, NJ · NTEE: A500 · Updated: 2026-04-04
Is Monmouth Museum And Cultural Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Monmouth Museum And Cultural Center directs 55% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Monmouth Museum And Cultural Center
Monmouth Museum And Cultural Center (EIN: 221739205) is a nonprofit organization based in Lincroft, NJ, classified under NTEE code A500. The organization reported total revenue of $902K and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Monmouth Museum And Cultural Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Monmouth Museum And Cultural Center with a Mission Score of 65 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: 30%
- programs: 55%
- fundraising: 15%
According to IRS 990 filings, Monmouth Museum And Cultural Center allocates its expenses as follows: admin: 30%, programs: 55%, fundraising: 15%. Approximately 55% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further access to Form 990 filings which would show individual compensation figures.
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 Monmouth Museum And Cultural Center's IRS 990 filings:
- Revenue has shown a consistent decline from $842,796 in 2022 to $722,102 in 2023, indicating potential sustainability issues.
- The significant jump in assets from $1,451,426 in 2022 to $5,482,374 in 2023 without a corresponding revenue increase or clear explanation raises questions.
- Expenses consistently exceed revenue in recent years (e.g., $850,043 expenses vs. $722,102 revenue in 2023), leading to net losses.
- The organization's liabilities increased from $105,681 in 2022 to $116,080 in 2023, while assets saw a massive increase, which warrants further investigation into the nature of these liabilities.
Strengths
The following positive indicators were identified for Monmouth Museum And Cultural Center:
- The organization has maintained a physical presence and operations for many years, indicating community resilience.
- Despite financial fluctuations, the museum continues to report assets, suggesting some level of financial stability or significant non-liquid assets.
- The museum has consistently reported zero lobbying costs, indicating a focus on its core mission rather than political influence.
Frequently Asked Questions about Monmouth Museum And Cultural Center
Is Monmouth Museum And Cultural Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Monmouth Museum And Cultural Center (EIN: 221739205) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Monmouth Museum And Cultural Center spend its money?
Monmouth Museum And Cultural Center directs 55% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Monmouth Museum And Cultural Center tax-deductible?
Monmouth Museum And Cultural Center is registered as a tax-exempt nonprofit (EIN: 221739205). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Monmouth Museum And Cultural Center do?
Monmouth Museum And Cultural Center is a nonprofit organization in the Arts, Culture & Humanities sector, located in Lincroft, New Jersey. It is classified under NTEE code A500.
How much revenue does Monmouth Museum And Cultural Center have?
Monmouth Museum And Cultural Center reported total revenue of $902,236. Based on 13 IRS 990 filings on record.
What are Monmouth Museum And Cultural Center's total assets?
Monmouth Museum And Cultural Center holds total assets of $5,373,545 as reported in IRS 990 filings.
Where is Monmouth Museum And Cultural Center located?
Monmouth Museum And Cultural Center is based in Lincroft, New Jersey.
What is Monmouth Museum And Cultural Center's EIN?
Monmouth Museum And Cultural Center's Employer Identification Number (EIN) is 221739205. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Monmouth Museum And Cultural Center?
Monmouth Museum And Cultural Center is classified under NTEE code A500 (Arts, Culture & Humanities).
Is Monmouth Museum And Cultural Center a registered 501(c)(3)?
Yes, Monmouth Museum And Cultural Center is recognized as a tax-exempt organization by the IRS. EIN: 221739205.
Does Monmouth Museum And Cultural Center file IRS Form 990?
Yes, Monmouth Museum And Cultural Center has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Monmouth Museum And Cultural Center's revenue in 2023?
In the 202312 filing period, Monmouth Museum And Cultural Center reported total revenue of $722,102, total expenses of $850,043, and net assets of $5,482,374.
Is Monmouth Museum And Cultural Center's revenue growing or declining?
Monmouth Museum And Cultural Center's revenue is declining. Revenue went from $842,796 (202212) to $722,102 (202312), a -14.3% change. Based on 13 filings on record.
What is Monmouth Museum And Cultural Center's most recent 990 filing?
The most recent IRS Form 990 filing for Monmouth Museum And Cultural Center covers tax period 202312. It shows revenue of $722,102, expenses of $850,043, total assets of $5,482,374, and liabilities of $116,080.
How much does Monmouth Museum And Cultural Center spend on programs vs administration?
Based on IRS 990 analysis, Monmouth Museum And Cultural Center allocates approximately 55% of expenses to program services, 30% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Monmouth Museum And Cultural Center a trustworthy charity?
Based on AI analysis of IRS 990 data, Monmouth Museum And Cultural Center shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 3 strengths noted.
What are the red flags for Monmouth Museum And Cultural Center?
The following concerns were identified: Revenue has shown a consistent decline from $842,796 in 2022 to $722,102 in 2023, indicating potential sustainability issues.. The significant jump in assets from $1,451,426 in 2022 to $5,482,374 in 2023 without a corresponding revenue increase or clear explanation raises questions.. Expenses consistently exceed revenue in recent years (e.g., $850,043 expenses vs. $722,102 revenue in 2023), leading to net losses.. The organization's liabilities increased from $105,681 in 2022 to $116,080 in 2023, while assets saw a massive increase, which warrants further investigation into the nature of these liabilities.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Monmouth Museum And Cultural Center's strengths?
Positive indicators for Monmouth Museum And Cultural Center include: The organization has maintained a physical presence and operations for many years, indicating community resilience.. Despite financial fluctuations, the museum continues to report assets, suggesting some level of financial stability or significant non-liquid assets.. The museum has consistently reported zero lobbying costs, indicating a focus on its core mission rather than political influence.. These findings are derived from AI analysis of the organization's financial filings.
How does Monmouth Museum And Cultural Center compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further access to Form 990 filings which would show individual compensation figures. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What is the specific nature and source of the $4 million increase in assets between 2022 and 2023, and how does it impact the museum's long-term financial health given the concurrent revenue decline?
The provided data does not specify the nature of this asset increase. It could be due to a large donation of non-cash assets, a revaluation of existing assets, or an acquisition. Without this detail, it's difficult to assess its impact, especially as it contrasts with declining operational revenue.
Given the consistent trend of expenses exceeding revenue, what strategies are in place to achieve financial sustainability and reverse the negative operating margins?
The data shows a pattern of operating deficits (e.g., $850,043 expenses vs. $722,102 revenue in 2023). The organization needs to either significantly increase its fundraising efforts or implement cost-cutting measures to ensure long-term viability, which is not evident from the provided high-level figures.
Filing History
IRS 990 filing history for Monmouth Museum And Cultural Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Monmouth Museum And Cultural Center's revenue has grown by 77.7%, moving from $406K to $722K. Total assets increased by 152.2% over the same period, from $2.2M to $5.5M. Total functional expenses rose by 62.5%, from $523K to $850K. In its most recent filing year (2023), Monmouth Museum And Cultural Center reported a deficit of $128K, with expenses exceeding revenue. The organization holds $116K in liabilities against $5.5M in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $5.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $722K | $850K | $5.5M | $116K | — | View 990 |
| 2022 | $843K | $862K | $1.5M | $106K | — | — |
| 2021 | $556K | $646K | $1.6M | $102K | — | View 990 |
| 2020 | $491K | $524K | $1.6M | $12K | — | View 990 |
| 2019 | $570K | $679K | $1.6M | $80K | — | — |
| 2018 | $531K | $681K | $1.6M | $76K | — | View 990 |
| 2017 | $645K | $642K | $1.8M | $56K | — | View 990 |
| 2016 | $538K | $602K | $1.8M | $48K | — | View 990 |
| 2015 | $512K | $593K | $1.8M | $72K | — | View 990 |
| 2014 | $500K | $591K | $2.2M | $177K | — | View 990 |
| 2013 | $544K | $567K | $2.2M | $187K | — | View 990 |
| 2012 | $436K | $543K | $2.1M | $214K | — | View 990 |
| 2011 | $406K | $523K | $2.2M | $228K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $722K, expenses of $850K, and assets of $5.5M (revenue -14.3% year-over-year).
- 2022: Revenue of $843K, expenses of $862K, and assets of $1.5M (revenue +51.7% year-over-year).
- 2021: Revenue of $556K, expenses of $646K, and assets of $1.6M (revenue +13.3% year-over-year).
- 2020: Revenue of $491K, expenses of $524K, and assets of $1.6M (revenue -14.0% year-over-year).
- 2019: Revenue of $570K, expenses of $679K, and assets of $1.6M (revenue +7.4% year-over-year).
- 2018: Revenue of $531K, expenses of $681K, and assets of $1.6M (revenue -17.6% year-over-year).
- 2017: Revenue of $645K, expenses of $642K, and assets of $1.8M (revenue +19.7% year-over-year).
- 2016: Revenue of $538K, expenses of $602K, and assets of $1.8M (revenue +5.2% year-over-year).
- 2015: Revenue of $512K, expenses of $593K, and assets of $1.8M (revenue +2.2% year-over-year).
- 2014: Revenue of $500K, expenses of $591K, and assets of $2.2M (revenue -8.0% year-over-year).
- 2013: Revenue of $544K, expenses of $567K, and assets of $2.2M (revenue +24.8% year-over-year).
- 2012: Revenue of $436K, expenses of $543K, and assets of $2.1M (revenue +7.2% year-over-year).
- 2011: Revenue of $406K, expenses of $523K, and assets of $2.2M.
Data Sources and Methodology
This transparency report for Monmouth Museum And Cultural Center 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.