Marco Island Historical Society Inc
Nonprofit profile at a glance
- EIN
- 593425001
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Marco Island, FL, USA
- Phone
- 2393896447
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Historical Societies, Related Historical Activities
Reported finances
- Revenue
- $1,188,286
- Expenses
- $734,630
- Assets
- $2,275,148
- Liabilities
- $114,728
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- PATRICIA RUTLEDGE (CEO)
- MICHAEL J O'ROURKE (PRESIDENT)
Highest reported compensation
- PATRICIA RUTLEDGE (CEO): $107,493 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The marco island historical society, inc. Is organized for the purpose of preserving the history and heritage of marco island and the surrounding areas, promoting and maintaining an awareness of our area's history, and its importance for its members and the community. In furtherance of this purpose the marco island hisorical society, inc.: - provides programs and promotes historical awareness in the community; - encourages positive interactions among the marco island historical society, inc., its members and the residents, government and other community organizations, neighboring communities, and vistors to marco island; - supports all activities believed to be beneficial to the community and its members; - speaks for its membership in city, county, state, and national legislative and governmental matters; - operates and maintains at the marco island historical museum, the gift shop, the offices of the society, and the rose history audirorium; - raises and provides funding for exhibits
What it reported doing in 2024
The organization informs the community and vistors to the area of the history and heritage of the marco island-goodland region in southwest Florida using a series of education speakers and community events, by sponsoring historic re-enactments and book/newsletter publications, and through the development of youth activities and programs. The organization manages the operations of rose history auditorium as a venue for these events and makes the auditorium available to the community for a modest rental fee. Revenue received is designated to cover the costs of the auditorium.
Operating model
- Revenue model
- Donor-supported. 87% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 58
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 73
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 52.5%; rating input score 52
- Program expense ratio: 77.3%; rating input score 77
- Fundraising efficiency: $9.25 raised per $1 spent on fundraising; rating input score 35; 35th 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: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: 38.2%; rating input score 88; 88th percentile among comparable filings
- Total-asset coverage ratio: 3.1; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 52; 52nd percentile among comparable filings
- Officer compensation ratio: 14.6%; rating input score 24; 24th percentile among comparable filings
Growth
- Program expense growth: 12.9% per year; rating input score 100; 71st percentile among comparable filings
- Revenue growth: 7% per year; rating input score 100; 54th percentile among comparable filings
- Asset growth: 6.5% per year; rating input score 100; 45th percentile among comparable filings
Details
- Where the money goes: 52.5% of revenue deployed · 77.3% of spending went to programs
- Governance: 13 of 13 board members independent · 7 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $568K in reported program spending
- Leadership: top reported pay $107K · 16 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 5 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.
- Review — Financial Efficiency: Mission deployment rate scored 52/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 35/100.
- Review — Accountability: Governance controls: Whistleblower policy not reported.
- High — Sustainability: Officer compensation ratio scored 24/100.
- Review — Sustainability: Liabilities to assets ratio scored 52/100.