Laurens County Museum Association
Nonprofit profile at a glance
- EIN
- 841679030
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024, Form 990-EZ 2014
- Location
- Laurens, SC, USA
- Phone
- 8646810670
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Museum, Museum Activities
Reported finances
- Revenue
- $308,079
- Expenses
- $318,216
- Assets
- $2,072,290
- Liabilities
- $88,114
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- TERESA NOBLE (PRESIDENT)
People named in this filing
- SARAH JANE ARMSTRONG (DIRECTOR)
- CASSANDRA CAMPBELL (DIRECTOR)
- BOOKER INGRAM (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The laurens county museum association is maintained and operated to preserve the history of laurens county, South Carolina and operate a museum devoted to acquiring and exhibiting for the public items that pertain to laurens county's settlement and development.
What it reported doing in 2024
-establish for all of laurens county a viable and sustainable museum that will serve as a repository for artifacts, documents, and other collectibles that are important to the history of laurens county -create a facility and an environment conducive to research by visiting scholars interested in the many valuable collections maintained by the laurens county museum, including the nationally recognized native american collections already housed at the lcma -collaborate with local and regional schools, colleges, and universities to establish an educational resource that will enhance educational opportunities for all who want to learn-from elementary school students to university scholars -contribute to the economic growth of the city, county, and region -provide an accessible and attractive venue for social events, conferences, seminars, and other activities through the witherspoon building, the new headquarters for the laurens county museum
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.
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: 92
- Accountability: 100
- Sustainability: 52
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.1%; rating input score 89
- Program expense ratio: 85.8%; rating input score 86
- Fundraising efficiency: $9.61 raised per $1 spent on fundraising; rating input score 38; 38th percentile among comparable filings
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: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: Pass
Sustainability
- Operating margin: -3.3%; rating input score 32; 32nd percentile among comparable filings
- Total-asset coverage ratio: 6.51; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 34; 34th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 24.1% per year; rating input score 100; 87th percentile among comparable filings
- Revenue growth: 5.8% per year; rating input score 100; 56th percentile among comparable filings
- Asset growth: 11.4% per year; rating input score 100; 70th percentile among comparable filings
Details
- Where the money goes: 89.1% of revenue deployed · 85.8% of spending went to programs
- Governance: 10 of 10 board members independent · 7 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $273K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- Moderate — Financial Efficiency: Fundraising efficiency scored 38/100.
- Moderate — Sustainability: Operating margin scored 32/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 34/100.