The National Museum of the American Coverlet
Nonprofit profile at a glance
- EIN
- 204522389
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Bedford, PA, USA
- Phone
- 8146231588
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Museum, Museum Activities
Reported finances
- Revenue
- $99,794
- Expenses
- $68,611
- Assets
- $798,254
- Liabilities
- $142,299
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- MARTIN SCHLABACH (PRESIDENT)
Highest reported compensation
- MELINDA ZONGOR (CURATOR & MU): $9,923 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 national museum of the american coverlet was incorporated in the commonwealth of Pennsylvania on february 21, 2006 for the purpose of collection, display, preservation and stewardship of, and education regarding, primarily antique woven coverlets, their history and their makers, as further defined and outlined by the following: a)to collect and display fine and interesting examples of coverlets of all weave structures. B)to illustrate how coverlets were made and by whom. C)to illustrate coverlets in history; i.e., bring history to life by demonstrating the general historical context and the events of their day. D)to illustrate the history in coverlets; i.e., demonstrating the background behind political slogans, historically event-related pattern motifs and changing taste in decorative arts as they appear in coverlets. E)to respect and convey the humanity of the weavers and their lifestyles and challenges, both personal and professional.
What it reported doing in 2024
We are here to share our passion for coverlets. Although their importance in the spectrum of american material culture has been fully acknowledged, there is precious little attention given to them. The museum recognizes the need for an institution devoted to the woven coverlet and its history, art and craft. This organization is dedicated to bringing coverlets into the light and introducing the public to their colorful textural beauty. The museum seeks to enhance public interest, appreciation and understanding of coverlets by placing them in the context of events and developments of their day, by celebrating the humanity of their weavers, and by illustrating and demonstrating the methods of their production through a variety of educational methods and programs.
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
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 92
- Accountability: 79
- Sustainability: 61
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 59.1%; rating input score 59
- Program expense ratio: 77.6%; rating input score 78
- Fundraising efficiency: $32.49 raised per $1 spent on fundraising; rating input score 76; 76th 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; 64th percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: 31.2%; rating input score 79; 79th percentile among comparable filings
- Total-asset coverage ratio: 11.63; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: 0.18; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 14.5%; rating input score 15; 15th percentile among comparable filings
Growth
- Program expense growth: -1.7% per year; rating input score 0; 46th percentile among comparable filings
- Revenue growth: 0.7% per year; rating input score 100; 63rd percentile among comparable filings
- Asset growth: 2% per year; rating input score 100; 52nd percentile among comparable filings
Details
- Where the money goes: 59.1% of revenue deployed · 77.6% of spending went to programs
- Governance: 6 of 6 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $53K in reported program spending
- Leadership: top reported pay $10K · 7 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 59/100.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 15/100.
- High — Sustainability: Liabilities to assets ratio scored 16/100.