The Holocaust Memorial & Tolerance Center Of Nassau County Inc

Holocaust Memorial & Tolerance Center shows fluctuating finances with recent asset growth and increased liabilities.

EIN: 112989200 · Glen Cove, NY · Updated: 2026-03-28

$2.4MRevenue

$2.1MAssets

70/100Mission Score (Good)

Is The Holocaust Memorial & Tolerance Center Of Nassau County Inc Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

3 FoundRed Flags

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

The Holocaust Memorial & Tolerance Center Of Nassau County Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About The Holocaust Memorial & Tolerance Center Of Nassau County Inc

The Holocaust Memorial & Tolerance Center Of Nassau County Inc (EIN: 112989200) is a nonprofit organization based in Glen Cove, NY. The organization reported total revenue of $2.4M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Holocaust Memorial & Tolerance Center Of Nassau County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Holocaust Memorial & Tolerance Center Of Nassau County Inc demonstrates a fluctuating financial picture over the past decade. While the organization has consistently reported zero officer compensation, indicating good transparency regarding executive pay, its revenue and expenses have varied significantly. For instance, in 2023, revenue was $1,227,131 against expenses of $1,035,247, showing a surplus. However, in 2022, expenses ($1,053,837) exceeded revenue ($914,882), leading to a deficit. The organization's assets have also seen a decline from a high of $2,442,801 in 2014 to $1,922,634 in 2023, though there was a notable increase in assets from $1,308,941 in 2022 to $1,922,634 in 2023. The liabilities have also shown volatility, peaking at $497,965 in 2023, which is significantly higher than previous years.

The organization's spending efficiency cannot be fully assessed without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent reporting of zero officer compensation is a positive indicator of transparency regarding leadership costs. The recent increase in liabilities in 2023 warrants further investigation to understand its nature and potential impact on financial stability. Overall, while the organization appears to manage its executive compensation transparently, its financial health shows periods of both surplus and deficit, and a declining trend in assets over the long term, coupled with a recent spike in liabilities.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates The Holocaust Memorial & Tolerance Center Of Nassau County Inc 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, The Holocaust Memorial & Tolerance Center Of Nassau County Inc 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.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, which is a strong positive for transparency and resource allocation.

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 Holocaust Memorial & Tolerance Center Of Nassau County Inc's IRS 990 filings:

Significant increase in liabilities in 2023 ($497,965 from $58,548 in 2022)
Fluctuating revenue and expenses, leading to periods of deficit (e.g., 2022 expenses exceeded revenue by $138,955)
Overall decline in assets from $2,442,801 in 2014 to $1,922,634 in 2023

Strengths

The following positive indicators were identified for The Holocaust Memorial & Tolerance Center Of Nassau County Inc:

Consistent reporting of 0% officer compensation, indicating strong transparency in executive pay.
Achieved a surplus in 2023 with revenue of $1,227,131 exceeding expenses of $1,035,247.
Significant asset growth from $1,308,941 in 2022 to $1,922,634 in 2023.

Frequently Asked Questions about The Holocaust Memorial & Tolerance Center Of Nassau County Inc

Is The Holocaust Memorial & Tolerance Center Of Nassau County Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, The Holocaust Memorial & Tolerance Center Of Nassau County Inc (EIN: 112989200) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.

How does The Holocaust Memorial & Tolerance Center Of Nassau County Inc spend its money?

The Holocaust Memorial & Tolerance Center Of Nassau County Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to The Holocaust Memorial & Tolerance Center Of Nassau County Inc tax-deductible?

The Holocaust Memorial & Tolerance Center Of Nassau County Inc is registered as a tax-exempt nonprofit (EIN: 112989200). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is The Holocaust Memorial & Tolerance Center Of Nassau County Inc financially stable?

The organization's financial stability shows variability. While it reported a surplus in 2023 ($1,227,131 revenue vs. $1,035,247 expenses), it experienced deficits in previous years, such as 2022 ($914,882 revenue vs. $1,053,837 expenses). The significant increase in liabilities to $497,965 in 2023, compared to $58,548 in 2022, also warrants closer examination for long-term stability.

Why did assets decrease over the last decade?

The organization's assets have generally declined from a high of $2,442,801 in 2014 to $1,922,634 in 2023. This trend could be due to various factors such as asset depreciation, strategic spending on programs not reflected in immediate asset growth, or investment performance. However, there was a notable increase from $1,308,941 in 2022 to $1,922,634 in 2023.

What caused the large increase in liabilities in 2023?

Liabilities jumped from $58,548 in 2022 to $497,965 in 2023. Without more detailed financial statements, the specific cause is unknown but could include new loans, deferred revenue, or increased accounts payable. This significant increase requires further investigation to understand its nature and implications.

Filing History

IRS 990 filing history for The Holocaust Memorial & Tolerance Center Of Nassau County Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), The Holocaust Memorial & Tolerance Center Of Nassau County Inc's revenue has grown by 26%, moving from $974K to $1.2M. Total assets decreased by 12.3% over the same period, from $2.2M to $1.9M. Total functional expenses fell by 4.5%, from $1.1M to $1.0M. In its most recent filing year (2023), The Holocaust Memorial & Tolerance Center Of Nassau County Inc reported a surplus of $192K, with revenue exceeding expenses. The organization holds $498K in liabilities against $1.9M in assets (debt-to-asset ratio: 25.9%), resulting in net assets of $1.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.2M	$1.0M	$1.9M	$498K	—	—
2022	$915K	$1.1M	$1.3M	$59K	—	View 990
2021	$699K	$865K	$1.6M	$204K	—	View 990
2020	$713K	$850K	$1.6M	$59K	—	View 990
2019	$851K	$932K	$1.8M	$41K	—	View 990
2018	$988K	$915K	$1.9M	$41K	—	View 990
2017	$886K	$916K	$1.8M	$56K	—	—
2016	$784K	$1.1M	$1.9M	$37K	—	View 990
2015	$812K	$1.1M	$2.2M	$68K	—	View 990
2014	$917K	$1.2M	$2.4M	$34K	—	View 990
2013	$849K	$1.1M	$2.7M	$44K	—	View 990
2012	$1.8M	$1.0M	$3.0M	$47K	—	View 990
2011	$974K	$1.1M	$2.2M	$21K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.2M, expenses of $1.0M, and assets of $1.9M (revenue +34.1% year-over-year).
2022: Revenue of $915K, expenses of $1.1M, and assets of $1.3M (revenue +30.9% year-over-year).
2021: Revenue of $699K, expenses of $865K, and assets of $1.6M (revenue -2.0% year-over-year).
2020: Revenue of $713K, expenses of $850K, and assets of $1.6M (revenue -16.1% year-over-year).
2019: Revenue of $851K, expenses of $932K, and assets of $1.8M (revenue -13.9% year-over-year).
2018: Revenue of $988K, expenses of $915K, and assets of $1.9M (revenue +11.5% year-over-year).
2017: Revenue of $886K, expenses of $916K, and assets of $1.8M (revenue +12.9% year-over-year).
2016: Revenue of $784K, expenses of $1.1M, and assets of $1.9M (revenue -3.4% year-over-year).
2015: Revenue of $812K, expenses of $1.1M, and assets of $2.2M (revenue -11.4% year-over-year).
2014: Revenue of $917K, expenses of $1.2M, and assets of $2.4M (revenue +7.9% year-over-year).
2013: Revenue of $849K, expenses of $1.1M, and assets of $2.7M (revenue -51.7% year-over-year).
2012: Revenue of $1.8M, expenses of $1.0M, and assets of $3.0M (revenue +80.6% year-over-year).
2011: Revenue of $974K, expenses of $1.1M, and assets of $2.2M.

Data Sources and Methodology

This transparency report for The Holocaust Memorial & Tolerance Center Of Nassau County 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.