The Seneca Falls Its a Wonderful Life Mu
Nonprofit profile at a glance
- EIN
- 463774882
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-N 2014
- Location
- Seneca Falls, NY, USA
- Phone
- 3155685838
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities N.E.C.
Reported finances
- Revenue
- $901,753
- Expenses
- $123,011
- Assets
- $1,193,723
- Liabilities
- $288,746
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- ANWEI S LAW (PRESIDENT)
- ROBERT MCKEVNEY (VICE PRESIDENT)
People named in this filing
- ANWEI S LAW (PRESIDENT)
- ROBERT MCKEVNEY (VICE PRESIDENT)
- FRANCIS CARACCILO (TREASURER/ACTING SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purposes of the museum, as set forth in its constitution, are exclusively educational in nature, to wit: a. To establish and maintain the seneca falls it's a wonderful life museum & archives open to the public relating to and interpreting the 1946 american film classic, it's a wonderful life, directed and produced by frank capra; the connections between the film's fictional setting of bedford falls, ny and real-life seneca falls, ny; and the thematic celebration of frank capra's personal and cinematic philosophy extolling the value of each individual. B. To operate, maintain and preserve the museum and open it to the public on a regular schedule. C. To collect, own, hold, maintain, preserve and make available appropriate historical and otherwise related objects, records and artifacts. D. To arrange, create, maintain and promote appropriate historical and otherwise related exhibits and displays.
What it reported doing in 2024
The seneca falls it's a wonderful life museum is a major sponsor of the annual "it's a wonderful life festival." in 2024, the museum was visited by about 15,000 people, from 47 states and 18 countries. We continue to focus on preserving the history and the message of the film - the value of each person. We worked with the suicide prevention coalition and have their literature available in our museum.
Operating model
- Revenue model
- Grant-funded. 76% of the money available for current operations came from government grants.
- 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 most voting board members are independent. 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: 32
- Transparency & Controls: 92
- Accountability: 76
- Sustainability: 86
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 10.6%; rating input score 11
- Program expense ratio: 77.3%; 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: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 86.4%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 9.7; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0.24; rating input score 28; 28th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: -5.1% per year; rating input score 0; 8th percentile among comparable filings
- Revenue growth: 101.9% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 56.5% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 10.6% of revenue deployed · 77.3% of spending went to programs
- Governance: 11 of 11 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $95K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- 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: Mission deployment rate scored 11/100.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 28/100.