Morris Museum Inc
Morris Museum: Stable Assets, Fluctuating Revenue, and High Program Spending
EIN: 221514241 · Morristown, NJ · NTEE: A500 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $5.6M |
| Total Expenses | $3.3M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $12.8M |
| Transparency Score | 75/100 |
Is Morris Museum Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Morris Museum Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Morris Museum Inc
Morris Museum Inc (EIN: 221514241) is a nonprofit organization based in Morristown, NJ, classified under NTEE code A500. The organization reported total revenue of $5.6M and total assets of $15.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morris Museum Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morris Museum Inc is a mid-size nonprofit that has been operating for 72 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $3.3M |
| Surplus / Deficit | $-111,305 |
| Total Assets | $15.0M |
| Total Liabilities | $2.2M |
| Net Assets | $12.8M |
| Operating Margin | -3.5% |
| Debt-to-Asset Ratio | 14.8% |
| Months of Reserves | 55.2 months |
Financial Health Grade: B
In 2024, Morris Museum Inc reported a deficit of $111K with expenses exceeding revenue, holds 55.2 months of operating reserves (strong position), has a debt-to-asset ratio of 14.8% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Morris Museum Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +34.8% | +11.9% | -3.5% |
| 2023 | -4.8% | +0.0% | -2.4% |
| 2022 | -28.9% | +18.7% | -4.8% |
| 2021 | +86.6% | -16.9% | +7.0% |
| 2020 | -40.9% | -1.7% | -6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1954 |
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 Morris Museum Inc with a Mission Score of 75 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Morris Museum Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $111K, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.8%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which warrants further investigation to understand how leadership is compensated or if this reflects a volunteer-led executive structure.
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 Morris Museum Inc's IRS 990 filings:
- Consistent reporting of $0 for officer, director, trustee, and key employee compensation raises questions about the true compensation structure or potential reporting discrepancies.
- Revenue has fluctuated significantly, from a high of $3,445,749 in 2021 to a low of $1,846,897 in 2020, indicating potential instability in funding streams.
Strengths
The following positive indicators were identified for Morris Museum Inc:
- The organization maintains a substantial asset base, consistently above $14 million, providing a strong financial foundation.
- Despite revenue fluctuations, the organization has managed its expenses to maintain a stable asset level.
- The museum's long operating history (indicated by multiple years of filings) suggests established community presence and operational resilience.
Frequently Asked Questions about Morris Museum Inc
Is Morris Museum Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Morris Museum Inc (EIN: 221514241) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Morris Museum Inc spend its money?
Morris Museum Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Morris Museum Inc tax-deductible?
Morris Museum Inc is registered as a tax-exempt nonprofit (EIN: 221514241). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Morris Museum Inc CEO make?
Morris Museum Inc's highest-compensated officer earns $0 annually. The organization reported $5.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Morris Museum Inc's spending goes to programs?
Morris Museum Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Morris Museum Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Morris Museum Inc is above average for NTEE category A500 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Morris Museum Inc located?
Morris Museum Inc is headquartered in Morristown, New Jersey and files with the IRS under EIN 221514241. It is classified under NTEE code A500.
How many years of IRS 990 filings does Morris Museum Inc have?
Morris Museum Inc 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 $5.6M in total revenue.
What does Morris Museum Inc do?
Morris Museum Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Morristown, New Jersey. It is classified under NTEE code A500.
How much revenue does Morris Museum Inc have?
Morris Museum Inc reported total revenue of $5,555,111. Based on 14 IRS 990 filings on record.
What are Morris Museum Inc's total assets?
Morris Museum Inc holds total assets of $14,980,303 as reported in IRS 990 filings.
Where is Morris Museum Inc located?
Morris Museum Inc is based in Morristown, New Jersey.
What is Morris Museum Inc's EIN?
Morris Museum Inc's Employer Identification Number (EIN) is 221514241. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Morris Museum Inc?
Morris Museum Inc is classified under NTEE code A500 (Arts, Culture & Humanities).
Is Morris Museum Inc a registered 501(c)(3)?
Yes, Morris Museum Inc is recognized as a tax-exempt organization by the IRS. EIN: 221514241.
Does Morris Museum Inc file IRS Form 990?
Yes, Morris Museum Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Morris Museum Inc's revenue in 2024?
In the 202406 filing period, Morris Museum Inc reported total revenue of $3,145,103, total expenses of $3,256,408, and net assets of $14,980,303.
Is Morris Museum Inc's revenue growing or declining?
Morris Museum Inc's revenue is growing. Revenue went from $2,333,845 (202306) to $3,145,103 (202406), a +34.8% change. Based on 14 filings on record.
What is Morris Museum Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Morris Museum Inc covers tax period 202406. It shows revenue of $3,145,103, expenses of $3,256,408, total assets of $14,980,303, and liabilities of $2,220,426.
How much does Morris Museum Inc spend on programs vs administration?
Based on IRS 990 analysis, Morris Museum Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Morris Museum Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Morris Museum Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Morris Museum Inc?
The following concerns were identified: Consistent reporting of $0 for officer, director, trustee, and key employee compensation raises questions about the true compensation structure or potential reporting discrepancies.. Revenue has fluctuated significantly, from a high of $3,445,749 in 2021 to a low of $1,846,897 in 2020, indicating potential instability in funding streams.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Morris Museum Inc's strengths?
Positive indicators for Morris Museum Inc include: The organization maintains a substantial asset base, consistently above $14 million, providing a strong financial foundation.. Despite revenue fluctuations, the organization has managed its expenses to maintain a stable asset level.. The museum's long operating history (indicated by multiple years of filings) suggests established community presence and operational resilience.. These findings are derived from AI analysis of the organization's financial filings.
How does Morris Museum Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which warrants further investigation to understand how leadership is compensated or if this reflects a volunteer-led executive structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for executive compensation, how does the Morris Museum attract and retain qualified leadership, and what is the actual mechanism for compensating its top personnel?
The filings consistently show $0 for compensation to officers, directors, trustees, and key employees. This could indicate a fully volunteer-led executive team, compensation being paid through a related entity not captured in these specific lines, or a reporting anomaly that would require direct inquiry to the organization for clarification.
With revenue fluctuating significantly year-over-year (e.g., $3,445,749 in 2021 vs. $1,846,897 in 2020), what strategies does the Morris Museum employ to manage its budget and ensure operational stability?
Despite revenue swings, the organization's total assets have remained relatively stable, suggesting effective expense management and potentially reliance on endowment income or other stable funding sources not fully detailed in the top-line revenue figures. Further analysis of specific revenue streams (e.g., contributions, program service revenue, investment income) would be needed to fully understand their strategy.
Filing History
IRS 990 filing history for Morris Museum Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Morris Museum Inc's revenue has grown by 20.8%, moving from $2.6M to $3.1M. Total assets decreased by 22.4% over the same period, from $19.3M to $15.0M. Total functional expenses fell by 5%, from $3.4M to $3.3M. In its most recent filing year (2024), Morris Museum Inc reported a deficit of $111K, with expenses exceeding revenue. The organization holds $2.2M in liabilities against $15.0M in assets (debt-to-asset ratio: 14.8%), resulting in net assets of $12.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $3.1M | $3.3M | $15.0M | $2.2M | — | — |
| 2023 | $2.3M | $2.9M | $15.5M | $3.0M | — | View 990 |
| 2022 | $2.5M | $2.9M | $15.9M | $3.0M | — | View 990 |
| 2021 | $3.4M | $2.5M | $16.7M | $2.3M | — | — |
| 2020 | $1.8M | $3.0M | $15.6M | $2.5M | — | View 990 |
| 2019 | $3.1M | $3.0M | $16.7M | $2.3M | — | View 990 |
| 2018 | $2.4M | $3.0M | $17.2M | $3.1M | — | View 990 |
| 2017 | $2.3M | $2.8M | $18.0M | $3.2M | — | View 990 |
| 2016 | $2.3M | $2.8M | $18.3M | $3.3M | — | View 990 |
| 2015 | $8.6M | $2.9M | $18.9M | $3.4M | — | View 990 |
| 2014 | $3.9M | $3.0M | $20.4M | $9.8M | — | View 990 |
| 2013 | $2.5M | $2.9M | $19.2M | $9.9M | — | View 990 |
| 2012 | $2.2M | $3.1M | $19.4M | $10.0M | — | View 990 |
| 2011 | $2.6M | $3.4M | $19.3M | $12.6M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $3.1M, expenses of $3.3M, and assets of $15.0M (revenue +34.8% year-over-year).
- 2023: Revenue of $2.3M, expenses of $2.9M, and assets of $15.5M (revenue -4.8% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.9M, and assets of $15.9M (revenue -28.9% year-over-year).
- 2021: Revenue of $3.4M, expenses of $2.5M, and assets of $16.7M (revenue +86.6% year-over-year).
- 2020: Revenue of $1.8M, expenses of $3.0M, and assets of $15.6M (revenue -40.9% year-over-year).
- 2019: Revenue of $3.1M, expenses of $3.0M, and assets of $16.7M (revenue +29.5% year-over-year).
- 2018: Revenue of $2.4M, expenses of $3.0M, and assets of $17.2M (revenue +5.6% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.8M, and assets of $18.0M (revenue +0.2% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.8M, and assets of $18.3M (revenue -73.6% year-over-year).
- 2015: Revenue of $8.6M, expenses of $2.9M, and assets of $18.9M (revenue +119.7% year-over-year).
- 2014: Revenue of $3.9M, expenses of $3.0M, and assets of $20.4M (revenue +57.4% year-over-year).
- 2013: Revenue of $2.5M, expenses of $2.9M, and assets of $19.2M (revenue +15.0% year-over-year).
- 2012: Revenue of $2.2M, expenses of $3.1M, and assets of $19.4M (revenue -16.8% year-over-year).
- 2011: Revenue of $2.6M, expenses of $3.4M, and assets of $19.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morris Museum Inc:
Data Sources and Methodology
This transparency report for Morris 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.