Greenpoint Monitor Museum

Nonprofit profile at a glance

EIN
113332514
IRS 990 coverage
2010–2023
Forms available
Form 990 2023
Location
Brooklyn, NY, USA
Phone
3472680345
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
History Museums

Official website

Reported finances

Revenue
$28,535
Expenses
$16,189
Assets
$1,811,088
Liabilities
$318,869

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Janice LaulettaWeinmann (President)
  • Irene Klementowicz (First vice President)
  • George J Weinmann (Second Vice President)

Highest reported compensation

  • George J Weinmann (Second Vice President): $695 total reported compensation
  • Janice LaulettaWeinmann (President): $200 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Education involving the USS Monitor Civil War history and local Greenpoint (Brooklyn) history where the USS Monitor was constructed and launched. Prepare historic donated land for future museum and public access.

What it reported doing in 2023

There were 3 road sgow classes on one day in june 2023 commencing the return of the museums school program during 2023 due to covid restrictions

Operating model

Revenue model
Donor-supported. 83% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 61
  • Transparency & Controls: 82
  • Accountability: 57
  • Sustainability: 72
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 53.1%; rating input score 53
  • Program expense ratio: 93.6%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 18th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 71.4%; rating input score 71; 23rd 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: Fail
    • CEO compensation review process: Pass
    • 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: 43.3%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 111.87; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: 0.18; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 5.5%; rating input score 18; 18th percentile among comparable filings

Growth

  • Program expense growth: -3.2% per year; rating input score 0; 43rd percentile among comparable filings
  • Revenue growth: 5.9% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: 5.6% per year; rating input score 100; 69th percentile among comparable filings

Details

  • Where the money goes: 53.1% of revenue deployed · 93.6% of spending went to programs
  • Governance: 5 of 7 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $475 in reported program spending
  • Leadership: top reported pay $695 · 7 people listed
  • Consistency: 17 of 19 current checks pass · 2 findings to review
  • Schedules: 4 filed schedules
  • Filing history: 13 filing years from 2010 to 2023
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 53/100.
  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Schedule D land buildings reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.
  • High — Sustainability: Officer compensation ratio scored 18/100.