Civic Intelligence

Historic Morven Inc

EIN 22-2817982 • 501(c)3 • Princeton, NJ

Profile

The mission of historic morven, inc. Is to preserve the national and historic landmark known as morven museum & garden by operating it as a museum and public garden that educates diverse audiences and showcases its rich history.

55 Stockton StreetPrinceton, NJ 08540

www.morven.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

21st percentile

0.08x

Higher debt load relative to revenue than 21% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

9th percentile

-30%

Higher net margin than 9% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

32nd percentile

0.8%

Faster asset growth than 32% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

5th percentile

-40%

Faster revenue growth than 5% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$25,894,315

Up $722,498 (+2.9%) from 2023

Liabilities

Up

$134,061

Up $25,594 (+24%) from 2023

Net Assets

Up

$25,760,254

Up $696,904 (+2.8%) from 2023

Operations
Liabilities / Revenue21st percentileNet Margin9th percentile

Revenue

Up

$1,953,883

Up $614,008 (+46%) from 2023

Expenses

Up

$2,080,449

Up $342,342 (+20%) from 2023

Net Income

Up

-$126,566

Up $271,666 (+68%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth32nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2011: $13,373,049Liabilities 2011: $164,671Net Assets 2011: $13,208,3782011Assets 2012: $13,639,108Liabilities 2012: $35,087Net Assets 2012: $13,604,0212012Assets 2013: $13,850,047Liabilities 2013: $27,739Net Assets 2013: $13,822,3082013Assets 2014: $14,561,639Liabilities 2014: $28,235Net Assets 2014: $14,533,4042014Assets 2015: $15,889,697Liabilities 2015: $126,911Net Assets 2015: $15,762,7862015Assets 2016: $15,531,153Liabilities 2016: $71,485Net Assets 2016: $15,459,6682016Assets 2017: $16,716,264Liabilities 2017: $81,290Net Assets 2017: $16,634,9742017Assets 2018: $16,562,431Liabilities 2018: $32,479Net Assets 2018: $16,529,9522018Assets 2019: $16,306,267Liabilities 2019: $130,344Net Assets 2019: $16,175,9232019Assets 2020: $16,445,308Liabilities 2020: $236,960Net Assets 2020: $16,208,3482020Assets 2021: $27,047,606Liabilities 2021: $349,201Net Assets 2021: $26,698,4052021Assets 2022: $24,966,023Liabilities 2022: $314,319Net Assets 2022: $24,651,7042022Assets 2023: $25,171,817Liabilities 2023: $108,467Net Assets 2023: $25,063,3502023Assets 2024: $25,894,315Liabilities 2024: $134,061Net Assets 2024: $25,760,2542024

Highlighted filing

2024

Assets$25,894,315
Liabilities$134,061
Net Assets$25,760,254
Open 2024 Filing

Operations Trend

Revenue Growth5th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $703,8492011Revenue 2012: $1,280,070Expenses 2012: $878,198Net Income 2012: $401,8722012Revenue 2013: $1,187,320Expenses 2013: $963,536Net Income 2013: $223,7842013Revenue 2014: $1,752,452Expenses 2014: $1,043,066Net Income 2014: $709,3862014Revenue 2015: $2,398,972Expenses 2015: $1,210,027Net Income 2015: $1,188,9452015Revenue 2016: $1,259,329Expenses 2016: $1,563,725Net Income 2016: -$304,3962016Revenue 2017: $2,536,467Expenses 2017: $1,360,354Net Income 2017: $1,176,1132017Revenue 2018: $1,293,196Expenses 2018: $1,398,185Net Income 2018: -$104,9892018Revenue 2019: $1,251,280Expenses 2019: $1,599,896Net Income 2019: -$348,6162019Revenue 2020: $1,469,836Expenses 2020: $1,446,093Net Income 2020: $23,7432020Revenue 2021: $11,308,406Expenses 2021: $1,763,159Net Income 2021: $9,545,2472021Revenue 2022: $2,239,709Expenses 2022: $2,039,571Net Income 2022: $200,1382022Revenue 2023: $1,339,875Expenses 2023: $1,738,107Net Income 2023: -$398,2322023Revenue 2024: $1,953,883Expenses 2024: $2,080,449Net Income 2024: -$126,5662024

Highlighted filing

2024

Revenue$1,953,883
Expenses$2,080,449
Net Income-$126,566
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,894,315
Liabilities
$134,061
Net assets
$25,760,254
Revenue
$1,953,883
Expenses
$2,080,449
Net income
-$126,566
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$25.9$0.13$25.8$1.95$2.08$0.13
2023Detailed filing. Detailed filing data is available for this year.$25.2$0.11$25.1$1.34$1.74$0.40
2022Detailed filing. Detailed filing data is available for this year.$25.0$0.31$24.7$2.24$2.04$0.20
2021Detailed filing. Detailed filing data is available for this year.$27.0$0.35$26.7$11.3$1.76$9.55
2020Detailed filing. Detailed filing data is available for this year.$16.4$0.24$16.2$1.47$1.45$0.02
2019Summary only. Only limited summary data is available for this year.$16.3$0.13$16.2$1.25$1.60$0.35
2018Summary only. Only limited summary data is available for this year.$16.6$0.03$16.5$1.29$1.40$0.10
2017Summary only. Only limited summary data is available for this year.$16.7$0.08$16.6$2.54$1.36$1.18
2016Summary only. Only limited summary data is available for this year.$15.5$0.07$15.5$1.26$1.56$0.30
2015Summary only. Only limited summary data is available for this year.$15.9$0.13$15.8$2.40$1.21$1.19
2014Summary only. Only limited summary data is available for this year.$14.6$0.03$14.5$1.75$1.04$0.71
2013Summary only. Only limited summary data is available for this year.$13.9$0.03$13.8$1.19$0.96$0.22
2012Summary only. Only limited summary data is available for this year.$13.6$0.04$13.6$1.28$0.88$0.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.4$0.16$13.2$0.70
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 13, 2025
Return Version
2023v6.0
Gross Receipts
$2,121,161
Mission and Program Overview

Mission

The mission of Historic Morven, Inc. is to preserve the National Historic Landmark known as Morven by operating it as a museum and public garden that educates diverse audiences and showcases its rich history

The mission of historic morven, inc. Is to preserve the national and historic landmark known as morven museum & garden by operating it as a museum and public garden that educates diverse audiences and showcases its rich history.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$13,603,224$14,752,869▲ $1,149,645
Land, Buildings, and Equipment, Net$10,427,447$10,039,205▼ $388,242
Savings and Temporary Cash Investments$718,072$665,550▼ $52,522
Cash and Non-Interest-Bearing Accounts$343,983$243,158▼ $100,825
Pledges and Grants Receivable$22,542$115,929▲ $93,387
Inventories for Sale or Use$50,785$48,517▼ $2,268
Accounts Receivable$0$20,750▲ $20,750
Prepaid Expenses and Deferred Charges$5,764$8,337▲ $2,573
Total Assets$25,171,817$25,894,315▲ $722,498
Liabilities
Deferred Revenue$65,672$69,335▲ $3,663
Accounts Payable and Accrued Expenses$32,283$54,190▲ $21,907
Other Liabilities$10,512$10,536▲ $24
Total Liabilities$108,467$134,061▲ $25,594
Net Assets / Fund Balance
Net Assets With Donor Restrictions$12,433,512$13,455,682▲ $1,022,170
Net Assets Without Donor Restrictions$12,629,838$12,304,572▼ $325,266
Total Net Assets Fund Balance$25,063,350$25,760,254▲ $696,904
Total Liabilities and Net Assets / Fund Balance$25,171,817$25,894,315▲ $722,498

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,536,078$2,804,789$10,340,867
Leasehold Improvements$1,616,583$1,962,375$3,578,958
Land$882,908-$882,908
Other Land Buildings$3,636$35,083$38,719
Other Securities$13,296,529--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$12,270,306-▲ $1,026,223-$13,296,529
2022$11,494,769-▲ $775,537-$12,270,306
2021$12,997,543-▼ $1,502,929-$11,494,614
2020$2,114,869$10,000,000▲ $932,674$50,000$12,997,543
2019$630,000-▲ $2,811$2,811$630,000
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jill BarryImmediate Past Executive DirectorFT$116,930$9,873$126,803
Elizabeth AllanInterim DirectorFT$86,656$1,697$88,353

Board Members and Trustees

NameTitle
Ellen Smith MorehouseChair
ROBERT P O'NEILVice Chair
Rhonda DimascioExecutive Director
Brian FormentoTrustee
Christopher RiceTrustee
Courtney LedererTrustee
Craig WallaceTrustee
Greg RogersTrustee
J Richard PierceTrustee
Jay VawterTrustee
Kenneth SiegelTrustee
Lisa UllmannTrustee
Marcia ZweigTrustee
Mary Robinson CohenTrustee
Nick LopezTrustee
Robert WilsonTrustee
Ronica BregenzerTrustee
Sarah RingerTrustee
Susan MacgregorTrustee
John M HealeySecretary
Rachel P HerrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,141,000
Program Service Revenue
$93,628
Investment Income
$535,467
Other Revenue
$183,788
All Other Contributions
$535,355
Change in Net Assets
$-126,566

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,973,224
Revenue Not Reported on Financial Statements
$-19,341
Revenue Not Reported on Form 990
$823,470
Other Revenue Adjustments
$-73,613
Total Revenue per Audited Statements
$2,796,694
Total Revenue per Form 990
$1,953,883
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,143,353
Salaries, Compensation, and Employee Benefits$937,096
Total Fundraising Expense$154,871
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$445,727$65,338$77,345$588,410
Depreciation Depletion$529,180--$529,180
Current Officers, Directors, Trustees, and Key Employees$154,217$22,608$26,761$203,586
Occupancy$185,201--$185,201
Fees for Services Other$42,493$31,749$9,153$83,395
Payroll Taxes$52,962$7,765$9,190$69,917
Other Employee Benefits$46,258$6,779$8,027$61,064
Fees for Service Investment Mgmnt Fees-$54,272-$54,272
Insurance$18,060$5,835$3,890$27,785
Fees for Services Accounting$17,359$5,608$3,739$26,706
Fees for Services Legal$13,236$4,276$2,851$20,363
Information Technology$13,214$4,269$2,846$20,329
Pension Plan Contributions$10,695$1,568$1,856$14,119
Advertising$8,669$2,801$1,867$13,337
Office Expenses$8,577$2,770$1,847$13,194
All Other Expenses$5,069$1,638$1,092$7,799
Other Expenses$2,573$832$554$3,959
Conferences and Meetings$787$254$169$1,210
Travel$543$175$117$835
Interest$53$17$11$81
Total Functional Expenses$1,701,691$223,887$154,871$2,080,449

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,099,790
Total Expenses per Form 990$2,080,449
Expenses per Audited Statements$2,026,177
Expenses Not Reported on Form 990$73,613
Expenses Not Reported on Financial Statements$54,272
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$93,665
Fundraising Gross Income$26,500
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Festival of Trees$111,933$15,200$12,030$3,170
Morven in May$182,564$11,300$10,243$1,057
Total Events$322,217$26,500$93,665$-67,165
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$10,536
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The audit committee reviews and approves the form 990, which is then provided to all trustees to give them an opportunity to comment before it is filed.”

Form 990, Part VI, Section B, Line 12C

“All board members are required to complete and sign a conflict of interest form annually. Any issues identified are reviewed by the executive committee.”

Form 990, Part VI, Section B, Line 15

“Executive director compensation is reviewed and approved by the chair and the treasurer. The executive committee approves the budget, then reviewed and approved by the board.”

Form 990, Part VI, Section C, Line 19

“Documents are provided upon request.”

Filing and Contact Details

Filer

Filer Name
Historic Morven Inc
EIN
22-2817982
Phone
6099248144
Address
55 STOCKTON STREET, PRINCETON, NJ 08540

Signing Officer

Name
Rhonda Dimascio
Title
Executive Director
Phone
6099248144
Signed
2025-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rhonda Dimascio
Formed
1987
Legal Domicile
Nj
Voting Board Members
19
Independent Board Members
19
Employees
24
Volunteers
50

Preparer

Firm
Holman Frenia Allison Pc
Address
1985 CEDAR BRIDGE AVENUE SUITE 3, LAKEWOOD, NJ 08701
Preparer
Craig R Johnson
Phone
7327971333
Supplemental Narrative

Financial Statement Notes

PART III, LINE 4:

“The organization's collection consists of fine, folk, and decorative arts pertaining to the history of the house called morven and the cultural heritage of new jersey that are held for public exhibition, education, or research in the furtherance of public service rather than financial gain. Collection items are not capitalized. Collection items purchased are expensed. Contributions of collection items, if any, are not recognized in the statement of activities. It is the policy of the organization that proceeds from the sale of any collection items are to be used to purchase additional collection items or the direct care of exisiting collections. The organization defines direct care of collections as any activity that involves the protection and preservation of the collection. The collection is protected, kept unencumbered, cared for, and preserved.”

PART X, LINE 2:

“The organization is a not-for-profit organization that is exempt from income taxes under section 501(a) as described under section 501(c)(3) of the internal revenue code and comparable state law as a charitable organization, whereby only unrealted business income, as defined by section 512 of the code is subject to federal income tax. The organization currently has no unrelated business income. Accordingly, no provision for income taxes has been recorded.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Museum sales direct expense -21,824. Rental income direct expense -51,789.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Museum sales direct expense 21,824. Rental income direct expense 51,789.”

Raw XML AppendixShowing 400 of 687 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0THE MISSION OF HISTORIC MORVEN, INC. IS TO PRESERVE THE NATIONAL AND HISTORIC LANDMARK KNOWN AS MORVEN MUSEUM & GARDEN BY OPERATING IT AS A MUSEUM AND PUBLIC GARDEN THAT EDUCATES DIVERSE AUDIENCES AND SHOWCASES ITS RICH HISTORY.
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
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IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt209873
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt211697
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
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IRS990/Form990PartVIISectionAGrp/PersonNm1ROBERT P O'NEIL
IRS990/Form990PartVIISectionAGrp/PersonNm2RACHEL P HERR
IRS990/Form990PartVIISectionAGrp/PersonNm3JOHN M HEALEY
IRS990/Form990PartVIISectionAGrp/PersonNm4RONICA BREGENZER
IRS990/Form990PartVIISectionAGrp/PersonNm5CHRISTOPHER RICE
IRS990/Form990PartVIISectionAGrp/PersonNm6NICK LOPEZ
IRS990/Form990PartVIISectionAGrp/PersonNm7MARY ROBINSON COHEN
IRS990/Form990PartVIISectionAGrp/PersonNm8BRIAN FORMENTO
IRS990/Form990PartVIISectionAGrp/PersonNm9GREG ROGERS
IRS990/Form990PartVIISectionAGrp/PersonNm10COURTNEY LEDERER
IRS990/Form990PartVIISectionAGrp/PersonNm11SUSAN MACGREGOR
IRS990/Form990PartVIISectionAGrp/PersonNm12J RICHARD PIERCE
IRS990/Form990PartVIISectionAGrp/PersonNm13KENNETH SIEGEL
IRS990/Form990PartVIISectionAGrp/PersonNm14LISA ULLMANN
IRS990/Form990PartVIISectionAGrp/PersonNm15JAY VAWTER
IRS990/Form990PartVIISectionAGrp/PersonNm16SARAH RINGER
IRS990/Form990PartVIISectionAGrp/PersonNm17MARCIA ZWEIG
IRS990/Form990PartVIISectionAGrp/PersonNm18CRAIG WALLACE
IRS990/Form990PartVIISectionAGrp/PersonNm19ROBERT WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm20JILL BARRY
IRS990/Form990PartVIISectionAGrp/PersonNm21ELIZABETH ALLAN
IRS990/Form990PartVIISectionAGrp/PersonNm22RHONDA DIMASCIO
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IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt22EXECUTIVE DIRECTOR
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IRS990/MissionDesc0THE MISSION OF HISTORIC MORVEN, INC. IS TO PRESERVE THE NATIONAL AND HISTORIC LANDMARK KNOWN AS MORVEN MUSEUM & GARDEN BY OPERATING IT AS A MUSEUM AND PUBLIC GARDEN THAT EDUCATES DIVERSE AUDIENCES AND SHOWCASES ITS RICH HISTORY.
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IRS990/PoliticalCampaignActyInd00

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