Hopewell Museum
Nonprofit profile at a glance
- EIN
- 210689833
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Hopewell, NJ, USA
- Phone
- 6096586488
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- History Museums
Reported finances
- Revenue
- $260,916
- Expenses
- $320,685
- Assets
- $3,116,212
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- Vincent Janoski (President)
Highest reported compensation
- Asher Lurie (Executive Dir.): $48,630 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Historical preservation of the history of Hopewell, New Jersey.
What it reported doing in 2024
The year saw the Hopewell Museum take significant steps in the preservation and conservation of both its varied collections and the structure itself. Wendy Jessup was brought in to help guide the conservation of the museum's approximately 2,000-piece textile collection, working on this project from June 2024 to May 2025. Some of these items go back to the 18th century. This year also saw both the museum's large ceramics and glass collection identified, cataloged, and boxed by our board members, volunteers, and staff. The museum continued to jointly host programming with community partners, such as the Hopewell Valley Historical Society and the Hopewell Library, including Hopewell Valley Heritage Week in May 2024. From October to November, Ian Burrow, along with an intern, assisted in further work to identify our early tool collection. The fruits of this work were shown off at our open house in December. Lastly, the museum continued to move the collection offsite ahead of the renovation of the structure slated to begin in the early fall of 2025.
Operating model
- Revenue model
- Donor-supported. 67% 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
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: 87
- Transparency & Controls: 92
- Accountability: 69
- Sustainability: 44
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 92.7%; rating input score 93
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -22.9%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 9.72; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 15.2%; rating input score 24; 24th percentile among comparable filings
Growth
- Program expense growth: 33% per year; rating input score 100; 91st percentile among comparable filings
- Revenue growth: -0.8% per year; rating input score 0; 21st percentile among comparable filings
- Asset growth: 6.8% per year; rating input score 100; 55th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 92.7% of spending went to programs
- Governance: 13 of 13 board members independent · 2 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $297K in reported program spending
- Leadership: top reported pay $49K · 14 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 15 filing years from 2010 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 — Accountability: Governance controls: 5 of 7 not reported.
- High — Sustainability: Operating margin scored 12/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 24/100.