1 St Fridays Art Walk Of Fairfield Inc
1 St Fridays Art Walk Of Fairfield Inc reports zero revenue and assets in its latest filing, indicating potential dormancy after years of modest activity.
EIN: 202001326 · Fairfield, IA · NTEE: A90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $62K |
| Program Spending | 80% |
| Net Assets | $39K |
| Transparency Score | 65/100 |
Is 1 St Fridays Art Walk Of Fairfield Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
1 St Fridays Art Walk Of Fairfield Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About 1 St Fridays Art Walk Of Fairfield Inc
1 St Fridays Art Walk Of Fairfield Inc (EIN: 202001326) is a nonprofit organization based in Fairfield, IA, classified under NTEE code A90. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 1 St Fridays Art Walk Of Fairfield Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
1 St Fridays Art Walk Of Fairfield Inc is a micro nonprofit that has been operating for 21 years, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $71K |
| Total Expenses | $62K |
| Surplus / Deficit | +$9K |
| Total Assets | $39K |
| Net Assets | $39K |
| Operating Margin | 12.5% |
| Months of Reserves | 7.6 months |
Financial Health Grade: A
In 2015, 1 St Fridays Art Walk Of Fairfield Inc reported a surplus of $9K with revenue exceeding expenses, holds 7.6 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2011–2015), 1 St Fridays Art Walk Of Fairfield Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +18.1% | -7.2% | +29.3% |
| 2014 | -7.0% | -2.2% | -18.3% |
| 2013 | -30.5% | -8.8% | -13.9% |
| 2012 | +60.6% | +18.6% | +108.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates 1 St Fridays Art Walk Of Fairfield Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, 1 St Fridays Art Walk Of Fairfield Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led structure and efficient use of funds by not allocating resources to executive salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of 1 St Fridays Art Walk Of Fairfield Inc's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, indicating potential dormancy or cessation of operations.
- Expenses frequently exceeded revenue in historical filings (e.g., 2014, 2013, 2011), which could lead to financial instability over time.
Strengths
The following positive indicators were identified for 1 St Fridays Art Walk Of Fairfield Inc:
- Consistent reporting of 0% officer compensation, indicating a volunteer-driven model and efficient use of funds.
- Historically maintained low or zero liabilities, suggesting good financial management regarding debt.
- Demonstrated ability to generate revenue and manage assets in prior active periods.
Frequently Asked Questions about 1 St Fridays Art Walk Of Fairfield Inc
Is 1 St Fridays Art Walk Of Fairfield Inc a legitimate charity?
1 St Fridays Art Walk Of Fairfield Inc (EIN: 202001326) is a registered tax-exempt nonprofit based in Iowa. Our AI analysis gives it a Mission Score of 65/100. It has 5 years of IRS 990 filings on record. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does 1 St Fridays Art Walk Of Fairfield Inc spend its money?
1 St Fridays Art Walk Of Fairfield Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to 1 St Fridays Art Walk Of Fairfield Inc tax-deductible?
1 St Fridays Art Walk Of Fairfield Inc is registered as a tax-exempt nonprofit (EIN: 202001326). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of 1 St Fridays Art Walk Of Fairfield Inc's spending goes to programs?
1 St Fridays Art Walk Of Fairfield Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does 1 St Fridays Art Walk Of Fairfield Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), 1 St Fridays Art Walk Of Fairfield Inc is above average for NTEE category A90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is 1 St Fridays Art Walk Of Fairfield Inc located?
1 St Fridays Art Walk Of Fairfield Inc is headquartered in Fairfield, Iowa and files with the IRS under EIN 202001326. It is classified under NTEE code A90.
How many years of IRS 990 filings does 1 St Fridays Art Walk Of Fairfield Inc have?
1 St Fridays Art Walk Of Fairfield Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is 1 St Fridays Art Walk Of Fairfield Inc currently operational?
The latest IRS 990 filing shows $0 in revenue and $0 in assets, which strongly suggests the organization may no longer be actively operating or has significantly scaled down its activities.
How did the organization manage expenses when revenue was lower?
In periods like 2014 and 2013, expenses exceeded revenue. This could have been managed through drawing down prior year surpluses, short-term loans (though liabilities were often reported as zero), or other non-operating income not detailed in the summary.
What was the typical scale of operations for this organization?
Historically, the organization operated with annual revenues ranging from approximately $58,000 to $93,000, indicating a small, local community-focused scale.
Filing History
IRS 990 filing history for 1 St Fridays Art Walk Of Fairfield Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), 1 St Fridays Art Walk Of Fairfield Inc's revenue has grown by 22.7%, moving from $58K to $71K. Total assets increased by 89.6% over the same period, from $21K to $39K. Total functional expenses fell by 1.8%, from $64K to $62K. In its most recent filing year (2015), 1 St Fridays Art Walk Of Fairfield Inc reported a surplus of $9K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $71K | $62K | $39K | $0 | — | View 990 |
| 2014 | $60K | $67K | $31K | $0 | — | View 990 |
| 2013 | $65K | $69K | $37K | $0 | — | View 990 |
| 2012 | $93K | $75K | $43K | $5K | — | — |
| 2011 | $58K | $64K | $21K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $71K, expenses of $62K, and assets of $39K (revenue +18.1% year-over-year).
- 2014: Revenue of $60K, expenses of $67K, and assets of $31K (revenue -7.0% year-over-year).
- 2013: Revenue of $65K, expenses of $69K, and assets of $37K (revenue -30.5% year-over-year).
- 2012: Revenue of $93K, expenses of $75K, and assets of $43K (revenue +60.6% year-over-year).
- 2011: Revenue of $58K, expenses of $64K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 1 St Fridays Art Walk Of Fairfield Inc:
Data Sources and Methodology
This transparency report for 1 St Fridays Art Walk Of Fairfield Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.