Galveston Historical Foundation
Nonprofit profile at a glance
- EIN
- 741487824
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Galveston, TX, USA
- Phone
- 4097657834
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Historical Societies & Historic Preservation
Reported finances
- Revenue
- $5,900,246
- Expenses
- $7,287,946
- Assets
- $32,973,056
- Liabilities
- $6,771,337
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- JAMES WOOLSEY (PAST PRESIDENT)
- ALICIA CAHILL (PAST PRESIDENT)
- CESAR HERNANDEZ (PRESIDENT)
- CLAY ROGERS (VICE PRESIDENT)
- JIM ANDREWS (IMMEDIATE PAST PRESIDENT)
- WILMON JONES (CEO/SECRETARY)
Highest reported compensation
- WILMON JONES (CEO/SECRETARY): $182,631 total reported compensation
- TERRELL B HARRINGTON (CHIEF OF ADVANCEMENT AND P): $148,830 total reported compensation
- JANICE ALEXANDER (CHIEF OF MUSEUMS): $131,230 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Historic preservation and education-galveston historical foundation preserves and revitalizes the architectural and maritime heritage of galveston island
What it reported doing in 2024
Ghf historic properties include the operation of two museum sites, the 1892 bishop's palace and the Texas seaport museum. Ghf maintains and operates five other historic sites as rental venues and a collections facility. Through the Texas seaport museum, we operate the seagull ii, our maritime and historic harbor tour vessel. Education and group tours play a major function in bringing visitors to the sites.
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.
- 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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 70
- Accountability: 100
- Sustainability: 37
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.5%; rating input score 95
- Program expense ratio: 78.4%; rating input score 78
- Fundraising efficiency: $8.74 raised per $1 spent on fundraising; rating input score 33; 33rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- 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: 9 of 9 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: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -23.5%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 4.52; rating input score 82; 82nd percentile among comparable filings
- Liabilities to assets ratio: 0.21; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 6.3%; rating input score 45; 45th percentile among comparable filings
Growth
- Program expense growth: 3.9% per year; rating input score 100; 33rd percentile among comparable filings
- Revenue growth: 0.5% per year; rating input score 100; 13th percentile among comparable filings
- Asset growth: 7.8% per year; rating input score 100; 49th percentile among comparable filings
Details
- Where the money goes: 94.5% of revenue deployed · 78.4% of spending went to programs
- Governance: 14 of 14 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $5.7M in reported program spending
- Leadership: top reported pay $183K · 16 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $4.2M reported
- Consistency: 30 of 30 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 11 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 33/100.
- High — Sustainability: Operating margin scored 6/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 43/100.
- Moderate — Sustainability: Officer compensation ratio scored 45/100.