Ace And Connie Cory Foundation
EIN: 421481103 · Spencer, IA · NTEE: T22
Is Ace And Connie Cory Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ace And Connie Cory Foundation
Ace And Connie Cory Foundation (EIN: 421481103) is a nonprofit organization based in Spencer, IA, classified under NTEE code T22. The organization reported total revenue of $102 and total assets of $60K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ace And Connie Cory Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Ace And Connie Cory Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ace And Connie Cory Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Frequently Asked Questions about Ace And Connie Cory Foundation
Is Ace And Connie Cory Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Ace And Connie Cory Foundation (EIN: 421481103) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ace And Connie Cory Foundation spend its money?
Detailed spending breakdown data is not yet available for Ace And Connie Cory Foundation. Check back for updated IRS 990 analysis.
Are donations to Ace And Connie Cory Foundation tax-deductible?
Ace And Connie Cory Foundation is registered as a tax-exempt nonprofit (EIN: 421481103). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Ace And Connie Cory Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Ace And Connie Cory Foundation's revenue has grown by 9289.7%, moving from $716 to $67K. Total assets increased by 98.6% over the same period, from $37K to $74K. Total functional expenses rose by 301.3%, from $3K to $10K. In its most recent filing year (2023), Ace And Connie Cory Foundation reported a surplus of $57K, with revenue exceeding expenses. The organization holds $1 in liabilities against $74K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $74K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $67K | $10K | $74K | $1 | — | — |
| 2022 | $8K | $10K | $17K | $1 | — | View 990 |
| 2021 | $1 | $2K | $18K | $1 | — | — |
| 2020 | $1 | $2K | $20K | $1 | — | View 990 |
| 2019 | $7K | $2K | $22K | $1 | — | — |
| 2015 | $1 | $12K | $20K | $1 | — | View 990 |
| 2014 | $1 | $1K | $32K | $1 | — | View 990 |
| 2013 | $1 | $2K | $33K | $1 | — | View 990 |
| 2012 | $6 | $2K | $36K | $1 | — | View 990 |
| 2011 | $7K | $7K | $38K | $1 | — | View 990 |
| 2010 | $716 | $3K | $37K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $67K, expenses of $10K, and assets of $74K (revenue +719.5% year-over-year).
- 2022: Revenue of $8K, expenses of $10K, and assets of $17K (revenue +820300.0% year-over-year).
- 2021: Revenue of $1, expenses of $2K, and assets of $18K (revenue +0.0% year-over-year).
- 2020: Revenue of $1, expenses of $2K, and assets of $20K (revenue -100.0% year-over-year).
- 2019: Revenue of $7K, expenses of $2K, and assets of $22K (revenue +740500.0% year-over-year).
- 2015: Revenue of $1, expenses of $12K, and assets of $20K (revenue +0.0% year-over-year).
- 2014: Revenue of $1, expenses of $1K, and assets of $32K (revenue +0.0% year-over-year).
- 2013: Revenue of $1, expenses of $2K, and assets of $33K (revenue -83.3% year-over-year).
- 2012: Revenue of $6, expenses of $2K, and assets of $36K (revenue -99.9% year-over-year).
- 2011: Revenue of $7K, expenses of $7K, and assets of $38K (revenue +934.6% year-over-year).
- 2010: Revenue of $716, expenses of $3K, and assets of $37K.
Data Sources and Methodology
This transparency report for Ace And Connie Cory Foundation 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.