The Durham Museum Foundation
The Durham Museum Foundation maintains substantial assets despite fluctuating annual revenues and expenses, with no reported officer compensation.
EIN: 201079027 · Omaha, NE · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.0M |
| Total Expenses | $1.6M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $17,083,727 |
| Net Assets | $16.2M |
| Transparency Score | 85/100 |
Is The Durham Museum Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Durham Museum Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Durham Museum Foundation
The Durham Museum Foundation (EIN: 201079027) is a nonprofit organization based in Omaha, NE, classified under NTEE code T30. The organization reported total revenue of $7.0M and total assets of $17.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Durham Museum Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Durham Museum Foundation is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $651K |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-961,086 |
| Total Assets | $16.2M |
| Total Liabilities | $14K |
| Net Assets | $16.2M |
| Operating Margin | -147.6% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 120.6 months |
Financial Health Grade: B
In 2023, The Durham Museum Foundation reported a deficit of $961K with expenses exceeding revenue, holds 120.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Durham Museum Foundation's revenue has declined at a compound annual growth rate (CAGR) of -11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -41.6% | +84.9% | -1.5% |
| 2022 | -19.5% | +22.7% | -7.3% |
| 2021 | +71.9% | -67.9% | +0.4% |
| 2020 | -72.6% | -38.3% | -7.5% |
| 2019 | +147.9% | +55.1% | +3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 The Durham Museum Foundation with a Mission Score of 85 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: 80%
- fundraising: 10%
According to IRS 990 filings, The Durham Museum Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $961K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The Durham Museum Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its asset size ($17,083,727 latest assets).
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 The Durham Museum Foundation's IRS 990 filings:
- Significant year-over-year fluctuations in revenue and expenses, indicating potential unpredictability in funding or operational costs.
- Operational deficit in 2023 ($651,179 revenue vs. $1,612,265 expenses) which, if sustained, could erode assets over time.
Strengths
The following positive indicators were identified for The Durham Museum Foundation:
- Consistently reports 0% officer compensation, demonstrating high transparency and dedication of funds to mission.
- Maintains a very strong asset base (latest $17,083,727), providing long-term financial security.
- Long history of IRS 990 filings (13 filings), indicating consistent regulatory compliance and transparency.
- Strong NTEE code (T30 - Museums) suggests a clear program focus.
Frequently Asked Questions about The Durham Museum Foundation
Is The Durham Museum Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Durham Museum Foundation (EIN: 201079027) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does The Durham Museum Foundation spend its money?
The Durham Museum Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Durham Museum Foundation tax-deductible?
The Durham Museum Foundation is registered as a tax-exempt nonprofit (EIN: 201079027). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Durham Museum Foundation CEO make?
The Durham Museum Foundation's highest-compensated officer earns $17,083,727 annually. The organization reported $7.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Durham Museum Foundation's spending goes to programs?
The Durham Museum Foundation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Durham Museum Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Durham Museum Foundation is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Durham Museum Foundation located?
The Durham Museum Foundation is headquartered in Omaha, Nebraska and files with the IRS under EIN 201079027. It is classified under NTEE code T30.
How many years of IRS 990 filings does The Durham Museum Foundation have?
The Durham Museum Foundation 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. The most recent filing shows $7.0M in total revenue.
Is The Durham Museum Foundation financially stable?
Yes, the foundation appears financially stable due to its substantial asset base, consistently over $16 million, which provides a strong buffer against operational deficits like the one seen in 2023.
How does The Durham Museum Foundation manage executive compensation?
The organization reports 0% officer compensation in all available filings, meaning no salaries are paid to its officers, which is a highly transparent and cost-efficient approach to leadership.
Why do revenue and expenses fluctuate so much year-to-year?
The significant fluctuations, such as revenue ranging from $651,179 (2023) to $3,614,561 (2017), could be due to varying grant cycles, large one-time donations, or specific project-based expenditures. A deeper dive into their funding sources and project activities would be needed to understand this variability.
Filing History
IRS 990 filing history for The Durham Museum Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Durham Museum Foundation's revenue has declined by 77.3%, moving from $2.9M to $651K. Total assets decreased by 16.1% over the same period, from $19.3M to $16.2M. Total functional expenses fell by 36.6%, from $2.5M to $1.6M. In its most recent filing year (2023), The Durham Museum Foundation reported a deficit of $961K, with expenses exceeding revenue. The organization holds $14K in liabilities against $16.2M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $16.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $651K | $1.6M | $16.2M | $14K | — | View 990 |
| 2022 | $1.1M | $872K | $16.4M | $13K | — | — |
| 2021 | $1.4M | $710K | $17.7M | $14K | — | View 990 |
| 2020 | $806K | $2.2M | $17.7M | $16K | — | — |
| 2019 | $2.9M | $3.6M | $19.1M | $322K | — | View 990 |
| 2018 | $1.2M | $2.3M | $18.5M | $75K | — | View 990 |
| 2017 | $3.6M | $1.5M | $20.4M | $123K | — | View 990 |
| 2016 | $917K | $1.6M | $18.0M | $29K | — | View 990 |
| 2015 | $1.0M | $1.9M | $18.3M | $15K | — | View 990 |
| 2014 | $2.2M | $1.6M | $20.0M | $314K | — | View 990 |
| 2013 | $1.8M | $1.3M | $19.4M | $254K | — | View 990 |
| 2012 | $1.2M | $1.3M | $19.3M | $78K | — | View 990 |
| 2011 | $2.9M | $2.5M | $19.3M | $415K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $651K, expenses of $1.6M, and assets of $16.2M (revenue -41.6% year-over-year).
- 2022: Revenue of $1.1M, expenses of $872K, and assets of $16.4M (revenue -19.5% year-over-year).
- 2021: Revenue of $1.4M, expenses of $710K, and assets of $17.7M (revenue +71.9% year-over-year).
- 2020: Revenue of $806K, expenses of $2.2M, and assets of $17.7M (revenue -72.6% year-over-year).
- 2019: Revenue of $2.9M, expenses of $3.6M, and assets of $19.1M (revenue +147.9% year-over-year).
- 2018: Revenue of $1.2M, expenses of $2.3M, and assets of $18.5M (revenue -67.1% year-over-year).
- 2017: Revenue of $3.6M, expenses of $1.5M, and assets of $20.4M (revenue +294.2% year-over-year).
- 2016: Revenue of $917K, expenses of $1.6M, and assets of $18.0M (revenue -11.5% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.9M, and assets of $18.3M (revenue -53.2% year-over-year).
- 2014: Revenue of $2.2M, expenses of $1.6M, and assets of $20.0M (revenue +23.5% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.3M, and assets of $19.4M (revenue +53.2% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.3M, and assets of $19.3M (revenue -59.2% year-over-year).
- 2011: Revenue of $2.9M, expenses of $2.5M, and assets of $19.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Durham Museum Foundation:
Data Sources and Methodology
This transparency report for The Durham Museum Foundation 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.