Lilac Preservation Project

Nonprofit profile at a glance

EIN
753121175
IRS 990-EZ coverage
2019–2024
Forms available
Form 990 2010, Form 990-EZ 2024, Form 990-PF 2018
Location
Staten Island, NY, USA
Phone
9177095291
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Historical Societies, Related Historical Activities

Reported finances

Revenue
$120,115
Expenses
$89,169
Assets
$247,792
Liabilities
$1,962

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • EDWARD WESTFALL (PRESIDENT)

People named in this filing

  • EDWARD WESTFALL (PRESIDENT)
  • MARY HABSTRITT (MUSEUM DIRECTOR)
  • THOMAS RICE (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To preserve the museum ship lilac, promote maritime education, provide a venue for history and art, and offer a community-friendly space for meetings and events.

What it reported doing in 2024

We hosted over 4,000 visitors for tours of our historic ship in 2024 and continued to expand our exhibits about the history of the ship as well as hosting a temporary photo exhibit about the nearby waterfront. Our restoration work included significant deck repairs. We continued to train volunteers to both maintain the ship and educate the public.

Operating model

Revenue model
Donor-supported. 95% 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. Reported officer compensation is a large share of total spending, which may reflect staffing concentration and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 100
  • Sustainability: 70
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.4%; rating input score 74
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 25.8%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 2.78; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 44; 44th percentile among comparable filings
  • Officer compensation ratio: 28%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: 27% per year; rating input score 100; 82nd percentile among comparable filings
  • Revenue growth: 5.5% per year; rating input score 100; 50th percentile among comparable filings
  • Asset growth: 0.6% per year; rating input score 100; 29th percentile among comparable filings

Details

  • Where the money goes: 74.4% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $89K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2019 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 — Sustainability: Officer compensation ratio scored 12/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 44/100.