Is Keokuk Area Convention Center & Tourism Bureau Foundation Legit?
Quick charity verification for Keokuk Area Convention Center & Tourism Bureau Foundation (EIN: 202027191)
Verdict: Keokuk Area Convention Center & Tourism Bureau Foundation appears trustworthy
85/100Mission Score
$468KRevenue
$197KAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent asset growth, from $31,586 in 2013 to $196,851 currently, indicating financial stability.
Zero reported liabilities in most recent filings, demonstrating strong financial health and low debt.
0% officer compensation reported across all filings, suggesting efficient use of funds and potentially volunteer leadership.
Significant recent revenue of $467,865, indicating strong fundraising or operational success.
Spending Breakdown
How Keokuk Area Convention Center & Tourism Bureau Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Keokuk Area Convention Center & Tourism Bureau Foundation
Is Keokuk Area Convention Center & Tourism Bureau Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Keokuk Area Convention Center & Tourism Bureau Foundation (EIN: 202027191) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
Is Keokuk Area Convention Center & Tourism Bureau Foundation a good charity to donate to?
Keokuk Area Convention Center & Tourism Bureau Foundation has a Mission Score of 85/100. Revenue: $468K. Assets: $197K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Keokuk Area Convention Center & Tourism Bureau Foundation?
The Employer Identification Number (EIN) for Keokuk Area Convention Center & Tourism Bureau Foundation is 202027191. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Keokuk Area Convention Center & Tourism Bureau Foundation spend its money?
Keokuk Area Convention Center & Tourism Bureau Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Keokuk Area Convention Center & Tourism Bureau Foundation's tax-exempt status?
You can verify Keokuk Area Convention Center & Tourism Bureau Foundation's tax-exempt status using EIN 202027191 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Keokuk Area Convention Center & Tourism Bureau Foundation demonstrates a generally stable financial position, with assets growing from $31,586 in 2013 to $196,851 currently. Revenue has fluctuated significantly over the years, peaking at $172,807 in 2019 and showing a recent high of $467,865. The organization consistently reports zero liabilities in most recent filings, indicating a healthy balance sheet and low financial risk. Their consistent reporting of 0% officer compensation across all available filings suggests a volunteer-driven leadership or that compensation is covered by a related entity, which enhances their transparency regarding executive pay.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses. However, the consistent positive net income in recent years (e.g., $40,545 revenue vs. $21,953 expenses in 2022) indicates that the organization is operating within its means and building reserves. The significant increase in current revenue to $467,865 compared to recent years' expenses suggests a strong financial year, potentially allowing for increased program investment or further asset growth. The lack of reported liabilities is a strong indicator of sound financial management.
Overall, the foundation appears to be financially healthy and transparent regarding its executive compensation. To further enhance transparency and allow for a more precise assessment of spending efficiency, a detailed breakdown of expenses into program, administrative, and fundraising categories would be beneficial. The consistent growth in assets and the absence of liabilities are positive indicators of long-term sustainability.