Nassau County Museum Of Art
Nassau County Museum Of Art frequently operates at a deficit, with expenses often exceeding revenue, while maintaining a stable asset base.
EIN: 112949583 · Roslyn Harbor, NY · NTEE: A510 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $2.4M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $4.3M |
| Transparency Score | 70/100 |
Is Nassau County Museum Of Art Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nassau County Museum Of Art directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nassau County Museum Of Art
Nassau County Museum Of Art (EIN: 112949583) is a nonprofit organization based in Roslyn Harbor, NY, classified under NTEE code A510. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nassau County Museum Of Art's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nassau County Museum Of Art is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.4M |
| Surplus / Deficit | $-71,164 |
| Total Assets | $5.0M |
| Total Liabilities | $699K |
| Net Assets | $4.3M |
| Operating Margin | -3.0% |
| Debt-to-Asset Ratio | 13.9% |
| Months of Reserves | 24.9 months |
Financial Health Grade: B
In 2023, Nassau County Museum Of Art reported a deficit of $71K with expenses exceeding revenue, holds 24.9 months of operating reserves (strong position), has a debt-to-asset ratio of 13.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nassau County Museum Of Art's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.5% | +4.2% | +0.1% |
| 2022 | -11.8% | +2.1% | -7.0% |
| 2021 | +47.3% | +7.1% | -0.3% |
| 2020 | -28.5% | -12.4% | -2.6% |
| 2019 | -15.0% | +1.0% | -3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Nassau County Museum Of Art with a Mission Score of 70 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Nassau County Museum Of Art allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $71K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with annual expenses exceeding $2 million. This suggests either a fully volunteer executive leadership or compensation structured in a manner not categorized as officer compensation on the 990, warranting further investigation for complete transparency.
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 Nassau County Museum Of Art's IRS 990 filings:
- Consistent operational deficits (e.g., 2023 expenses $2,425,604 vs. revenue $2,354,440)
- Unusually low or zero reported officer compensation for an organization of this size, which may obscure actual leadership remuneration.
Strengths
The following positive indicators were identified for Nassau County Museum Of Art:
- Stable asset base, consistently around $5 million, providing financial stability.
- No reported officer compensation, potentially indicating efficient use of funds for mission-related activities.
Frequently Asked Questions about Nassau County Museum Of Art
Is Nassau County Museum Of Art a legitimate charity?
Nassau County Museum Of Art (EIN: 112949583) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Nassau County Museum Of Art spend its money?
Nassau County Museum Of Art directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Nassau County Museum Of Art tax-deductible?
Nassau County Museum Of Art is registered as a tax-exempt nonprofit (EIN: 112949583). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Nassau County Museum Of Art CEO make?
Nassau County Museum Of Art's highest-compensated officer earns $2 annually. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Nassau County Museum Of Art's spending goes to programs?
Nassau County Museum Of Art directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nassau County Museum Of Art compare to similar nonprofits?
With a transparency score of 70/100 (Good), Nassau County Museum Of Art is above average for NTEE category A510 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nassau County Museum Of Art located?
Nassau County Museum Of Art is headquartered in Roslyn Harbor, New York and files with the IRS under EIN 112949583. It is classified under NTEE code A510.
How many years of IRS 990 filings does Nassau County Museum Of Art have?
Nassau County Museum Of Art has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Nassau County Museum Of Art a good charity?
The museum maintains a stable asset base and consistently reports 0% officer compensation, which can be a positive indicator of efficient use of funds. However, the recurring operational deficits, where expenses often exceed revenue (e.g., $2,425,604 expenses vs. $2,354,440 revenue in 2023), suggest potential financial sustainability challenges that warrant further scrutiny.
Why does the organization frequently report expenses exceeding revenue?
The filings show a pattern of expenses surpassing revenue in multiple years, such as in 2023 ($2,425,604 expenses vs. $2,354,440 revenue) and 2022 ($2,328,947 expenses vs. $2,074,482 revenue). This could be due to strategic investments, fluctuating donor contributions, or operational inefficiencies, and would require a deeper dive into their financial statements to understand the underlying causes.
How does the organization manage its liabilities?
Liabilities have fluctuated over the years, from a low of $167,767 in 2014 to $831,865 in 2020, and most recently $699,290 in 2023. While the asset base consistently outweighs liabilities, the increases in liabilities in certain periods suggest varying financial obligations that the organization manages.
Filing History
IRS 990 filing history for Nassau County Museum Of Art showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nassau County Museum Of Art's revenue has grown by 11.2%, moving from $2.1M to $2.4M. Total assets decreased by 18.6% over the same period, from $6.2M to $5.0M. Total functional expenses fell by 3.6%, from $2.5M to $2.4M. In its most recent filing year (2023), Nassau County Museum Of Art reported a deficit of $71K, with expenses exceeding revenue. The organization holds $699K in liabilities against $5.0M in assets (debt-to-asset ratio: 13.9%), resulting in net assets of $4.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.4M | $5.0M | $699K | — | View 990 |
| 2022 | $2.1M | $2.3M | $5.0M | $622K | — | View 990 |
| 2021 | $2.4M | $2.3M | $5.4M | $747K | — | View 990 |
| 2020 | $1.6M | $2.1M | $5.4M | $832K | — | View 990 |
| 2019 | $2.2M | $2.4M | $5.6M | $443K | — | View 990 |
| 2018 | $2.6M | $2.4M | $5.7M | $308K | — | View 990 |
| 2017 | $2.4M | $2.6M | $5.8M | $621K | — | View 990 |
| 2016 | $3.1M | $2.4M | $5.7M | $379K | — | View 990 |
| 2015 | $3.9M | $2.4M | $5.2M | $554K | — | View 990 |
| 2014 | $4.2M | $2.3M | $5.2M | $168K | — | View 990 |
| 2013 | $3.8M | $2.2M | $5.4M | $136K | — | View 990 |
| 2012 | $2.3M | $2.5M | $5.9M | $160K | — | View 990 |
| 2011 | $2.1M | $2.5M | $6.2M | $230K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.4M, and assets of $5.0M (revenue +13.5% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.3M, and assets of $5.0M (revenue -11.8% year-over-year).
- 2021: Revenue of $2.4M, expenses of $2.3M, and assets of $5.4M (revenue +47.3% year-over-year).
- 2020: Revenue of $1.6M, expenses of $2.1M, and assets of $5.4M (revenue -28.5% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.4M, and assets of $5.6M (revenue -15.0% year-over-year).
- 2018: Revenue of $2.6M, expenses of $2.4M, and assets of $5.7M (revenue +8.1% year-over-year).
- 2017: Revenue of $2.4M, expenses of $2.6M, and assets of $5.8M (revenue -20.5% year-over-year).
- 2016: Revenue of $3.1M, expenses of $2.4M, and assets of $5.7M (revenue -22.5% year-over-year).
- 2015: Revenue of $3.9M, expenses of $2.4M, and assets of $5.2M (revenue -5.8% year-over-year).
- 2014: Revenue of $4.2M, expenses of $2.3M, and assets of $5.2M (revenue +11.3% year-over-year).
- 2013: Revenue of $3.8M, expenses of $2.2M, and assets of $5.4M (revenue +61.4% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.5M, and assets of $5.9M (revenue +10.0% year-over-year).
- 2011: Revenue of $2.1M, expenses of $2.5M, and assets of $6.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nassau County Museum Of Art:
Data Sources and Methodology
This transparency report for Nassau County Museum Of Art 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.