Moosehead Marine Museum Inc

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Moosehead Marine Museum Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Moosehead Marine Museum Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Moosehead Marine Museum Inc in one place.

Is Moosehead Marine Museum Inc Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

Across stored filings, Moosehead Marine Museum Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Moosehead Marine Museum Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Moosehead Marine Museum Inc

Moosehead Marine Museum Inc (EIN: 10356422) is a nonprofit organization based in Greenville, ME, classified under NTEE code A500. The organization reported total revenue of $611K and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Moosehead Marine Museum Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Moosehead Marine Museum Inc is a small nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Moosehead Marine Museum Inc reported a surplus of $43K with revenue exceeding expenses, holds 69.8 months of operating reserves (strong position), has a debt-to-asset ratio of 9.2% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Moosehead Marine Museum Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.

IRS Tax-Exempt Classification

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 Moosehead Marine Museum Inc with a Mission Score of 90 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, Moosehead Marine Museum 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 surplus of $43K, with revenue exceeding expenses.
• Debt-to-asset ratio: 9.2%.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size with assets over $3 million.

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.

Strengths

The following positive indicators were identified for Moosehead Marine Museum Inc:

• Consistent asset growth, reaching $3,235,729 in 2023.
• No reported officer compensation, indicating high efficiency and dedication of funds to mission.
• Generally positive net income in recent years, demonstrating financial stability.
• Manageable liabilities relative to assets ($297,096 in 2023 vs. $3,235,729 assets).
• Strong program focus implied by lack of executive compensation and NTEE code A500 (Museums).

Frequently Asked Questions about Moosehead Marine Museum Inc

Filing History

IRS 990 filing history for Moosehead Marine Museum Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Moosehead Marine Museum Inc's revenue has grown by 29.7%, moving from $462K to $599K. Total assets increased by 138.3% over the same period, from $1.4M to $3.2M. Total functional expenses rose by 168.1%, from $207K to $556K. In its most recent filing year (2023), Moosehead Marine Museum Inc reported a surplus of $43K, with revenue exceeding expenses. The organization holds $297K in liabilities against $3.2M in assets (debt-to-asset ratio: 9.2%), resulting in net assets of $2.9M.

Year-by-Year Financial Summary

• 2023: Revenue of $599K, expenses of $556K, and assets of $3.2M (revenue -53.3% year-over-year).
• 2022: Revenue of $1.3M, expenses of $521K, and assets of $3.2M (revenue +159.1% year-over-year).
• 2021: Revenue of $496K, expenses of $412K, and assets of $2.4M (revenue +12.2% year-over-year).
• 2020: Revenue of $442K, expenses of $330K, and assets of $2.4M (revenue +17.2% year-over-year).
• 2019: Revenue of $377K, expenses of $379K, and assets of $2.0M (revenue +3.2% year-over-year).
• 2018: Revenue of $365K, expenses of $315K, and assets of $2.0M (revenue +13.5% year-over-year).
• 2017: Revenue of $322K, expenses of $344K, and assets of $1.9M (revenue +11.1% year-over-year).
• 2016: Revenue of $290K, expenses of $277K, and assets of $1.9M (revenue -18.0% year-over-year).
• 2015: Revenue of $353K, expenses of $282K, and assets of $2.1M (revenue -30.9% year-over-year).
• 2014: Revenue of $512K, expenses of $261K, and assets of $2.1M (revenue +105.7% year-over-year).
• 2013: Revenue of $249K, expenses of $239K, and assets of $1.8M (revenue -55.1% year-over-year).
• 2012: Revenue of $554K, expenses of $169K, and assets of $1.7M (revenue +19.9% year-over-year).
• 2011: Revenue of $462K, expenses of $207K, and assets of $1.4M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Moosehead Marine Museum Inc:

Data Sources and Methodology

This transparency report for Moosehead Marine Museum 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.