Faulkner Morgan Archive

Nonprofit profile at a glance

EIN
823379519
IRS 990 coverage
2023–2025
Forms available
Form 990 2025, Form 990-EZ 2022, Form 990-N 2019
Location
Lexington, KY, USA
Phone
8593214728
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Humanities Organizations

Official website

Reported finances

Revenue
$65,668
Expenses
$224,168
Assets
$443,225
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Jonathan Coleman (President & Executive Director)
  • Robert Morgan (Vice President)

Highest reported compensation

  • Jonathan Coleman (President & Executive Director): $58,168 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To collect and preserve the LGBTQ history of Kentucky.

What it reported doing in 2025

Events & Exhibitions: With support from a grant from 250Lex, unveiled Queer, Here, & Everywhere: The Roots of Kentucky's LGBTQ History, the first comprehensive exhibition of Kentucky's LGBTQ history, to thousands of visitors, with Lexington Mayor Linda Gorton speaking at the Opening. Tabled at the Lexington Pride Festival, Kentucky Black Pride Festival, and Chill Out & Proud Somerset. Guided dozens of participants in guided walking tours of historic sites in downtown Lexington, KY. Hosted the 8th Annual Transylvania Liberal Arts + Feminism Wikipedia Edit-a-thon with 75 participants. Assisted in the premiere of the documentaries Bob's Just Going To Tell Some Stories and Native Daughter: CD Collins, A Reckoning, to over 1,000 viewers total.

Operating model

Revenue model
Donor-supported. 63% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 99% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - 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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 92
  • Transparency & Controls: 92
  • Accountability: 79
  • Sustainability: 24
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 88%; rating input score 88
  • Fundraising efficiency: $15.71 raised per $1 spent on fundraising; rating input score 61; 61st 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; 64th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • 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: Fail

Sustainability

  • Operating margin: -241.4%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 1.98; rating input score 37; 37th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 25.9%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: -14.5% per year; rating input score 0; 21st percentile among comparable filings
  • Revenue growth: 11.2% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 30% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 88% of spending went to programs
  • Governance: 7 of 7 board members independent · 4 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $197K in reported program spending
  • Leadership: top reported pay $58K · 7 people listed
  • Consistency: 41 of 41 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 3 filing years from 2023 to 2025
  • 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.

  • Review — Accountability: Governance controls: 4 of 8 not reported.
  • High — Sustainability: Operating margin scored 10/100.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.