Holland Museum
Nonprofit profile at a glance
- EIN
- 381692502
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Holland, MI, USA
- Phone
- 6163941362
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Historical Societies & Historic Preservation
Reported finances
- Revenue
- $758,033
- Expenses
- $834,224
- Assets
- $1,286,333
- Liabilities
- $179,121
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Highest reported compensation
- MICHELLE STEMPIEN (EXECUTIVE DI): $68,826 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Mission: preserving our past, imagining our future vision: to be a cultural leader and community collaborator inspiring the next generation of leaders, thinkers, and innovators
What it reported doing in 2024
The holland museum shares the story of holland, Michigan, from the arrival by dutch immigrants to today's innovative, successful, and diverse community. In the main museum, there are thousands of facinating historic objects as well as artwork from the netherlands from the 1600s to the 1900s. Sparklab smithsonian, with rotating stem activities is a highlight for families of all ages. Additional temporary exhibits offer something new regularly. Two historic homes showcasing how people lived in the late 1800s are part of the trust's properties: the settlers house is a small family home that was lived in by a series of working class families over the course of its long history. Built around 1867, the building survived the great holland fire of 1871 and was continuously lived in until the 1990s. Today, the home has been restored to how it would have appeared in 1871. The cappon house was the home of holland's first mayor and local tannery proprietor, issac cappon. Built in 1874, it is now partially restored to its appearance in 1900. Visitors to the cappon house step back in time, immersing themselves in the stories of isaac cappon and his large family.
Operating model
- Revenue model
- Donor-supported. 73% 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
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 92
- Accountability: 90
- Sustainability: 34
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 67.9%; rating input score 68
- Program expense ratio: 60.8%; rating input score 61
- Fundraising efficiency: $4.55 raised per $1 spent on fundraising; rating input score 15; 15th 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: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -10.1%; rating input score 17; 17th percentile among comparable filings
- Total-asset coverage ratio: 1.54; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: 0.14; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 8.3%; rating input score 43; 43rd percentile among comparable filings
Growth
- Program expense growth: -2.3% per year; rating input score 0; 12th percentile among comparable filings
- Revenue growth: 1.7% per year; rating input score 100; 22nd percentile among comparable filings
- Asset growth: -6.3% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 67.9% of revenue deployed · 60.8% of spending went to programs
- Governance: 12 of 12 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $507K in reported program spending
- Leadership: top reported pay $69K · 13 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 15/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Operating margin scored 17/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 57/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.
- Moderate — Sustainability: Officer compensation ratio scored 43/100.