Moosehead Marine Museum Inc

Moosehead Marine Museum Inc shows consistent asset growth and no reported officer compensation, indicating strong financial stewardship.

EIN: 10356422 · Greenville, ME · NTEE: A500 · Updated: 2026-03-28

$611KRevenue

$3.2MAssets

90/100Mission Score (Excellent)

A500

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.

AI Transparency Report

Moosehead Marine Museum Inc demonstrates generally sound financial health, with assets consistently growing over the past decade, reaching $3,235,729 in 2023. The organization has maintained a positive net income in most recent years, with 2023 showing revenues of $599,116 against expenses of $556,113. While revenue saw a significant spike in 2022 to $1,284,122, likely due to a specific grant or donation, it has otherwise shown a steady upward trend from $377,037 in 2019. The museum's liabilities have remained manageable relative to its assets, standing at $297,096 in 2023.

The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation, indicating that leadership is likely volunteer-based or compensated through other means not classified as officer compensation on the 990. This suggests a high dedication of resources directly to the museum's operations and programs. The absence of reported officer compensation also contributes positively to transparency, as it clearly indicates how resources are allocated away from executive salaries.

Overall, Moosehead Marine Museum Inc exhibits good financial stewardship. Its consistent asset growth, generally positive operating margins, and lack of reported officer compensation point to an organization that is effectively managing its resources to support its mission. The significant revenue fluctuation in 2022 is an outlier but does not detract from the overall stable financial trajectory.

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.

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

Is Moosehead Marine Museum Inc a good charity?

Based on its financial data, Moosehead Marine Museum Inc appears to be a good charity. It consistently grows its assets, maintains manageable liabilities, and reports 0% officer compensation, suggesting a high dedication of funds to its mission.

How has the museum's financial health changed over time?

The museum's financial health has steadily improved, with assets growing from $1,982,345 in 2019 to $3,235,729 in 2023. Revenue has also generally increased, with a notable spike in 2022, and expenses have been well-managed relative to income.

What is the organization's approach to executive compensation?

Moosehead Marine Museum Inc reports no officer compensation in any of its filings, indicating a highly efficient approach where executive leadership is likely volunteer-based, maximizing resources for program delivery.

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$599K	$556K	$3.2M	$297K	—	—
2022	$1.3M	$521K	$3.2M	$327K	—	View 990
2021	$496K	$412K	$2.4M	$299K	—	View 990
2020	$442K	$330K	$2.4M	$315K	—	—
2019	$377K	$379K	$2.0M	$43K	—	View 990
2018	$365K	$315K	$2.0M	$22K	—	View 990
2017	$322K	$344K	$1.9M	$9K	—	View 990
2016	$290K	$277K	$1.9M	$15K	—	View 990
2015	$353K	$282K	$2.1M	$217K	—	View 990
2014	$512K	$261K	$2.1M	$235K	—	View 990
2013	$249K	$239K	$1.8M	$210K	—	View 990
2012	$554K	$169K	$1.7M	$205K	—	View 990
2011	$462K	$207K	$1.4M	$208K	—	View 990

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.

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.