Behringer Crawford Museum

Nonprofit profile at a glance

EIN
610964379
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Covington, KY, USA
Phone
8594914003
Rating
90
Verdict
STRONG
Rating confidence
Standard
Sector
History Museums

Official website

Reported finances

Revenue
$561,626
Expenses
$662,444
Assets
$3,681,064
Liabilities
$74,897

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • PAMELA SPOOR (PRESIDENT)
  • PETER NERONE (VICE PRESIDENT)
  • LAURIE RISCH (EXECUTIVE DIRECTOR)

Highest reported compensation

  • LAURIE RISCH (EXECUTIVE DIRECTOR): $63,100 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Cultural & historic museum in covington, ky. The museum is a center for the collection, presentation, study, and enjoyment of the natural, cultural, and visual &performing arts heritage of northern Kentucky; in order to preserve the regional history for the benefit of present and future generations

What it reported doing in 2024

Operation of a cultural & natural museum under a lease agreement with the city of covington, the museum is a center for the collection, presentation, study, and enjoyment of the natural, cultural, and visual and performing arts heritage of northern Kentucky as part of the Ohio valley; in order to preserve the regional history for the benefit of present & future generations.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 100
  • Accountability: 90
  • Sustainability: 42
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.8%; rating input score 96
  • Program expense ratio: 81.1%; rating input score 81
  • Fundraising efficiency: $20.09 raised per $1 spent on fundraising; rating input score 59; 59th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -18%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 5.56; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 62; 62nd percentile among comparable filings
  • Officer compensation ratio: 9.5%; rating input score 38; 38th percentile among comparable filings

Growth

  • Program expense growth: 4.3% per year; rating input score 100; 38th percentile among comparable filings
  • Revenue growth: 2.9% per year; rating input score 100; 30th percentile among comparable filings
  • Asset growth: 4.3% per year; rating input score 100; 36th percentile among comparable filings

Details

  • Where the money goes: 95.8% of revenue deployed · 81.1% of spending went to programs
  • Governance: 20 of 20 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $537K in reported program spending
  • Leadership: top reported pay $63K · 19 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 11 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 10/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Review — Financial Efficiency: Fundraising efficiency scored 59/100.
  • Moderate — Sustainability: Officer compensation ratio scored 38/100.