The Hampton History Museum Association Inc
Nonprofit profile at a glance
- EIN
- 541775117
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024, Form 990-EZ 2013
- Location
- Hampton, VA, USA
- Phone
- 7577271102
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- History Museums
Reported finances
- Revenue
- $164,727
- Expenses
- $152,531
- Assets
- $715,955
- Liabilities
- $13,410
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
28 people listed
Executive titles in this filing
- WILL BANE (VICE PRESIDENT)
- LINDA CURTIS (IMMED. PAST PRESIDENT)
- SARAH SAVILLE (PRESIDENT)
- LUCI TALBOT COCHRAN (EXECUTIVE DIRECTOR)
Highest reported compensation
- LUCI TALBOT COCHRAN (EXECUTIVE DIRECTOR): $105,000 total reported compensation
- JEAN V HELMS (SECRECTARY): $7,332 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 hampton history museum association, inc. Supports and supplements the operation of the hampton history museum. Its primary mission includes educating the public on the nature and importance of the history of the city of hampton and the former elizabeth city county, advocating and stimulating the city of hampton to build, staff and operate the hampton history museum, and participate in raising funds for contribution to the city to identify, catalog, store and preserve the historical holdings of the city of hampton and to acquire additions for the collection and equipment for the museum.
What it reported doing in 2024
Supported historical commemorative events, historical exhibits, historical lecture series, and tours for students on subjects of historical interest.
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
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 92
- Accountability: 68
- Sustainability: 58
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 67.6%; rating input score 68
- Program expense ratio: 65.2%; rating input score 65
- Fundraising efficiency: $6.25 raised per $1 spent on fundraising; rating input score 27; 27th 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: 2 of 9 controls in place; rating input score 22
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 7.4%; rating input score 55; 55th percentile among comparable filings
- Total-asset coverage ratio: 4.69; rating input score 78; 78th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 41; 41st percentile among comparable filings
- Officer compensation ratio: 4.8%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: 12.1% per year; rating input score 100; 74th percentile among comparable filings
- Revenue growth: 9% per year; rating input score 100; 69th percentile among comparable filings
- Asset growth: 3.9% per year; rating input score 100; 42nd percentile among comparable filings
Details
- Where the money goes: 67.6% of revenue deployed · 65.2% of spending went to programs
- Governance: 26 of 26 board members independent · 2 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $100K in reported program spending
- Leadership: top reported pay $105K · 28 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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 — Accountability: Governance controls: 6 of 8 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 27/100.
- Review — Sustainability: Operating margin scored 55/100.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 41/100.