Fairview Museum Corporation

Nonprofit profile at a glance

EIN
870273911
IRS 990 coverage
2021–2024
Forms available
Form 990 2024, Form 990-EZ 2020
Location
Fairview, UT, USA
Phone
4354279216
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
History Museums

Official website

Reported finances

Revenue
$81,631
Expenses
$81,135
Assets
$808,144
Liabilities
$0

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

Leadership & pay

15 people listed

Executive titles in this filing

  • BRANCH COX (PRESIDENT)
  • JARED SORENSEN (VICE PRESIDENT)
  • CLIFF WHEELER (VICE PRESIDENT)

Highest reported compensation

  • TERRY CURTIS (ADMINISTRATOR): $6,000 total reported compensation

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

Overview

Mission

Collect and preserve pioneer and historic artifacts, histories, art and cultural collections from the local geographic area. Provide education on the history of the area to local residents, visitors and school groups.

What it reported doing in 2024

Collect and preserve pioneer and historic artifacts, histories, art, and cultural collections from the local geographic area. Provide education on the history of the area to local residents, visitors, school groups, scouts, and senior citizens groups. Provide cultural and educational exhibits, demonstrations, recitals, and shows. There are currently over 1,000 photographs, 1,200 library itams, and 1,800 other items in the collections. There were 8,186 visitors that came through the museum during the year. We had 2,930 hours of volunteer times donated.

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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 92
  • Accountability: 68
  • Sustainability: 55
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.9%; rating input score 90
  • Program expense ratio: 85.8%; rating input score 86
  • Fundraising efficiency: Limited

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: 88.9%; rating input score 89; 27th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 0.6%; rating input score 56; 56th percentile among comparable filings
  • Total-asset coverage ratio: 9.96; rating input score 63; 63rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 7.4%; rating input score 17; 17th percentile among comparable filings

Growth

  • Program expense growth: -9.5% per year; rating input score 0; 30th percentile among comparable filings
  • Revenue growth: -17.1% per year; rating input score 0; 22nd percentile among comparable filings
  • Asset growth: 10.6% per year; rating input score 100; 81st percentile among comparable filings

Details

  • Where the money goes: 89.9% of revenue deployed · 85.8% of spending went to programs
  • Governance: 16 of 18 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $70K in reported program spending
  • Leadership: top reported pay $6K · 15 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 4 filing years from 2021 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.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Operating margin scored 56/100.
  • High — Sustainability: Officer compensation ratio scored 17/100.