Charlotte Museum of History
Nonprofit profile at a glance
- EIN
- 237125613
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Charlotte, NC, USA
- Phone
- 7045681774
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Historical Societies, Related Historical Activities
Reported finances
- Revenue
- $1,403,737
- Expenses
- $1,616,406
- Assets
- $7,073,939
- Liabilities
- $493,901
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- Terri White (President & CEO)
Highest reported compensation
- Evan Bohnen (CAO): $115,000 total reported compensation
- Terri White (President & CEO): $110,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The charlotte museum of history is a 501 (c)(3) nonprofit organization that interprets and preserves charlotte's unique history, with a mission to inspire community engagement and create common ground through education and inclusive storytelling.
What it reported doing in 2024
The museum is open five days per week for general admission to the museum's exhibits and programs as well as for tours of mecklenburg county's oldest home, the 1774 rock house and other historic structures on the property.the museum offers a series of educational programs and events for audiences of all ages. In fy25 this included our annual twelfth night celebration, documentary screenings, cultural and heritage festivals, free family days, naturalization ceremonies, book talks and lectures, special themed homesite tours and more. Our largest paid events were the charlotte gem awards and the mad about modern home tour.each year thousands of local students from grades k-12 participate in a series of educational programs both at the museum and via offsite outreach programs. These experiecnes explore the history of our region through the use of artifacts and hands-on activities to tell the story of charlotte growing from a sleepy hamlet to a major metropolis.
Operating model
- Revenue model
- Donor-supported. 61% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 38
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.9%; rating input score 82
- Program expense ratio: 70.5%; rating input score 70
- Fundraising efficiency: $5.41 raised per $1 spent on fundraising; rating input score 20; 20th 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: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- 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: -15.2%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 4.38; rating input score 82; 82nd percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 48; 48th percentile among comparable filings
- Officer compensation ratio: 13.9%; rating input score 25; 25th percentile among comparable filings
Growth
- Program expense growth: 11.2% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: 0.9% per year; rating input score 100; 19th percentile among comparable filings
- Asset growth: -0.8% per year; rating input score 0; 15th percentile among comparable filings
Details
- Where the money goes: 81.9% of revenue deployed · 70.5% of spending went to programs
- Governance: 21 of 21 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.1M in reported program spending
- Leadership: top reported pay $115K · 22 people listed
- Consistency: 31 of 31 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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: Fundraising efficiency scored 20/100.
- High — Sustainability: Operating margin scored 12/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 25/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 48/100.