Misalignment Museum EIN 92-2864029 Form 990 (PDF) Claim this org

Misalignment Museum

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Offers an interactive museum experience for the public. For fiscal year 2024 it reported $301K in revenue, $455K in expenses, and $225K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Westlake Vlg, CA
Filings
2 on file (2023–2024)
Revenue
$301KFY2024
Expenses
$455K
Net assets
$225K
People
4
Filings
2
Updates
0
More identity details & actions ⌄
EIN  92-2864029 Public charity (501(c)(3)) Westlake Vlg, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers an interactive museum experience for the public.
Leadership
Audrey Kim · Executive Dir. · $196K
Money in and out
$301K revenue, $455K expenses
Bottom line
82% program efficiency
Where the money goes · FY2024
Total revenue
$301K
Pt VIII · Ln 12
Total expenses
$455K
Pt IX · Ln 25
Net assets
$225K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$153K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.18
Program efficiency
82%
of spending reaches programs▼ -11% vs prior filing year
Operating runway
0.5mo
months of highly liquid reserves at operating expense rate▼ -96% vs prior filing year
Surplus margin
-51%
revenue over expenses, this year▼ -187% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$301K
FY2024▼ -53%
Expenses
$455K
FY2024▲ +71%
Total assets
$237K
FY2024▼ -39%
Total liabilities
$12K
FY2024▲ +17%
Total revenue
$301K
Pt VIII · Ln 12
Total expenses
$455K
Pt IX · Ln 25
Net assets
$225K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$153K
Total assetsPt X · Ln 16$237K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMisalignment Museum
EINHdr · item D92-2864029
Principal addressHdr · item CWestlake Vlg, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A57)
Ruling yearIRS BMFMar 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$195,833Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Audrey Kim’s $196K as Executive Dir. is at the 100th percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023
Audrey Kim$195,833$133,333

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $372K of program spending, described in the organization's own filed words · FY2024.
01

Interact museum experience open to the public, provide tours for groups and events.

$372Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$265K · 88%
Program service revenue$30K · 10%
Investment income$6K · 2%
Contributions & grants88%$265K
Program service revenue10%$30K
Investment income2%$6K
Total revenueLn 12$301K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.18
Program services82%$372K
Management & general18%$82K
Total functional expensesLn 25$455K

Balance Sheet

Part X · end of year
CashLn 1$20K
Total assetsLn 16$237K
Total liabilitiesLn 26$12K
Total net assetsLn 32$225K
Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $20K · Operating expenses/yr $455K
0.5 months
Where the money goes
Program services
Program services $372K · Total expenses $455K
82%
Management & General
Management & general $82K · Total expenses $455K
18%
Fundraising
Fundraising $0 · Total expenses $455K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $437K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $265K · Total revenue $301K
88%
Government reliance
Government grants — · Total revenue $301K
Earned-income share
Program service revenue $30K · Total revenue $301K
10%
Investment reliance
Investment income $6K · Total revenue $301K
+2%
Program self-sufficiency
Program service revenue $30K · Total expenses $455K
7%
Growth & trend
Revenue growth (YoY)
This year $301K · Prior year $645K
-53%
Net-asset trend (YoY)
End of year $225K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $301K · Expenses $455K
-51%
Liabilities-to-Assets
Total liabilities — · Total assets $237K
Net-asset ratio
Net assets $225K · Total assets $237K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $237K
0%
People & payroll
Highest Reported Total Compensation
Individual Audrey Kim · Reported title Executive Dir. · Highest reported compensation $196K · Total expenses $455K
43%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $209K · Total expenses $455K
46%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 18%
Fundraising cost ratio 0%
Revenue growth -53%
Investment management fee ratio 0%
Legal fee ratio 0.4%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$50K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$301K revenue · viewing · ⤓ 990 PDF
FY2023$645K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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