Bone Creek Art Museum
Nonprofit profile at a glance
- EIN
- 208479913
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- David City, NE, USA
- Phone
- 4023674488
- Rating
- 38
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Art Museums
Reported finances
- Revenue
- $1,946,828
- Expenses
- $283,950
- Assets
- $7,521,654
- Liabilities
- $755,082
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- RUTH THOENDEL (PRESIDENT)
People named in this filing
- RON CLARKE (BOARD MEMBER)
- ALLEN COVAULT (BOARD MEMBER)
- JIM HANNA (VICE-PRESIDE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Agrarian art museum
What it reported doing in 2024
To stimulate interest in the arts through art exhibits at the museum located in david city, ne. Over 400 people attended the first exhibit. We anticipate serving in excess of 3000 people on an annual basis.
Operating model
- Revenue model
- Donor-supported. 91% of the money available for current operations came from contributions and gifts.
- 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
REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 10
- Transparency & Controls: 86
- Accountability: 6
- Sustainability: 89
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 5.8%; rating input score 6
- Program expense ratio: 20.4%; rating input score 20
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 12th 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: 0%; rating input score 0; 5th percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 85.4%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 26.49; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 42; 42nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: -5.6% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: 25.4% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: 20.9% per year; rating input score 100; 83rd percentile among comparable filings
Details
- Where the money goes: 5.8% of revenue deployed · 20.4% of spending went to programs
- Governance: 0 of 9 board members independent · 1 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $58K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 22 of 23 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 — Financial Efficiency: Mission deployment rate scored 6/100.
- High — Financial Efficiency: Program expense ratio scored 20/100.
- High — Accountability: Independent voting board scored 0/100.
- High — Accountability: Governance controls: 5 of 6 not reported.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Transparency & Controls: Schedule D land buildings reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 42/100.