The Coral Gables Museum Corp
Nonprofit profile at a glance
- EIN
- 270077412
- IRS 990 coverage
- 2010–2023
- Forms available
- Form 990 2023
- Location
- Coral Gables, FL, USA
- Phone
- 3056038067
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Historical Societies, Related Historical Activities
Reported finances
- Revenue
- $909,150
- Expenses
- $1,023,738
- Assets
- $2,200,710
- Liabilities
- $111,417
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- ELVIS FUENTES (EXECUTIVE DIRECTOR)
Highest reported compensation
- ELVIS FUENTES (EXECUTIVE DIRECTOR): $118,750 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The museum's mission is to celebrate, investigate and explore the civic arts of architecture and urban environmental design, including fostering an appreciation for the history, vision, and cultural landscape of coral gables; promoting beauty and planning as well as historic and environmental preservation for a broad audience, including children, families, and community members, as well as local, regional, national and international visitors. The museum optimizes its mission by cultivating effective partnerships, and providing programming that includes exhibitions, collections, educational offerings, lectures, tours, publications and special events. The museum is a true public/private partnership between the city of coral gables and the coral gables museum corp., a private, not-for-profit 501(c)(3) corporation operating as an educational cultural institution within a city owned facility. The museum raises its own operating budget to fund the exhibtions and educational programs.
What it reported doing in 2023
Costs of creating museum exhibitions including: sacred ground: the rise, fall and revival of lincoln memorial park cemetery; castles in the sky: fantasy architecture in contemporary art; america weaves; the art of compassion; unfolding 117 years of history with the miami herald; bo-droga; el viaje; art basel; exhibition "for now-; peter gerbert; purseonality: a stylish handbag history; creating the dream; capture coral gables. Expenses also include exhibit related programs such as panel discussions, lectures, etc.
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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 92
- Accountability: 90
- Sustainability: 37
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.1%; rating input score 86
- Program expense ratio: 77.2%; rating input score 77
- Fundraising efficiency: Limited
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: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- 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: -12.6%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 2.15; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 54; 54th percentile among comparable filings
- Officer compensation ratio: 11.6%; rating input score 31; 31st percentile among comparable filings
Growth
- Program expense growth: 3% per year; rating input score 100; 34th percentile among comparable filings
- Revenue growth: 3.1% per year; rating input score 100; 34th percentile among comparable filings
- Asset growth: 15.4% per year; rating input score 100; 72nd percentile among comparable filings
Details
- Where the money goes: 86.1% of revenue deployed · 77.2% of spending went to programs
- Governance: 18 of 18 board members independent · 6 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $790K in reported program spending
- Leadership: top reported pay $119K · 17 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 14 filing years from 2010 to 2023
- 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 — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Operating margin scored 16/100.
- Moderate — Sustainability: Officer compensation ratio scored 31/100.
- Review — Sustainability: Liabilities to assets ratio scored 54/100.