Muhammad Ali Museum and Education Center

Nonprofit profile at a glance

EIN
611323046
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Louisville, KY, USA
Phone
5025849254
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Museum, Museum Activities

Official website

Reported finances

Revenue
$6,026,135
Expenses
$8,615,595
Assets
$29,661,909
Liabilities
$2,416,741

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

Leadership & pay

34 people listed

Executive titles in this filing

  • DEVONE HOLT (PRESIDENT/CEO)

Highest reported compensation

  • DEVONE HOLT (PRESIDENT/CEO): $131,936 total reported compensation
  • TONI CARVER SMITH (FORMER CHIEF OPERATIONS OFFICER): $117,054 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 mission of the muhammad ali center (mac) is to preserve and share the legacy and ideals of muhammad ali, to promote respect, hope and understanding, and to inspire adults and children everywhere to be as great as they can be. The mac is an international education and cultural center featuring 2 1/2 levels of interactive media exhibits, public and educational programming, and global initiatives that inspire exploration of the greatness within ourselves.

What it reported doing in 2024

Partner programsin 2024, the center continued to expand its partnership with regional universities. Founded in partnership with hanover college, the muhammad ali center experience for colleges and universities is designed to build community, respect, purpose, and resilience for incoming first-year students. Through a common experience and robust curriculum, students are introduced to muhammad's life and legacy, while engaging with the principles and practices of social justice. In addition, the program provides the opportunity for students to explore their own identities and core values. While exploring muhammad's life and legacy, students are asked to contemplate "how do your skills and passions align with your purpose as an engaged member of your college or university?". Our program is uniquely set up to center a sense of community in a student's approach to decision-making, major exploration, and campus involvement, with the long-term goals of increasing student retention and persistence to graduation. Program components include a common experience, curriculum, and faculty training.

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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

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: 87
  • Transparency & Controls: 87
  • Accountability: 95
  • Sustainability: 40
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 84.7%; rating input score 85
  • Fundraising efficiency: $7.11 raised per $1 spent on fundraising; rating input score 27; 27th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 24th 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: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -43%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 3.44; rating input score 77; 77th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 62; 62nd percentile among comparable filings
  • Officer compensation ratio: 2.9%; rating input score 70; 70th percentile among comparable filings

Growth

  • Program expense growth: 1.5% per year; rating input score 100; 20th percentile among comparable filings
  • Revenue growth: -0.8% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -4.1% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 84.7% of spending went to programs
  • Governance: 32 of 32 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $7.3M in reported program spending
  • Leadership: top reported pay $132K · 34 people listed
  • Highest-paid contractors: 5 contractors listed · $2.7M reported
  • Consistency: 36 of 37 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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 27/100.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.