Alcorn State University National Alumni Association Foundation Inc
Alcorn State University National Alumni Association Foundation Inc. faces recurring operational deficits despite stable assets and no liabilities.
EIN: 201459523 · Vicksburg, MS · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $37K |
| Total Expenses | $40K |
| Program Spending | 80% |
| Net Assets | $260K |
| Transparency Score | 70/100 |
Is Alcorn State University National Alumni Association Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Alcorn State University National Alumni Association Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Alcorn State University National Alumni Association Foundation Inc
Alcorn State University National Alumni Association Foundation Inc (EIN: 201459523) is a nonprofit organization based in Vicksburg, MS, classified under NTEE code B82. The organization reported total revenue of $37K and total assets of $273K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alcorn State University National Alumni Association Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alcorn State University National Alumni Association Foundation Inc is a micro nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $20K |
| Total Expenses | $40K |
| Surplus / Deficit | $-19,394 |
| Total Assets | $260K |
| Net Assets | $260K |
| Operating Margin | -95.1% |
| Months of Reserves | 78.4 months |
Financial Health Grade: B
In 2023, Alcorn State University National Alumni Association Foundation Inc reported a deficit of $19K with expenses exceeding revenue, holds 78.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Alcorn State University National Alumni Association Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -10.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -55.4% | -21.7% | -6.9% |
| 2022 | +207.3% | +209.2% | -1.8% |
| 2021 | -49.6% | -49.2% | -0.5% |
| 2020 | -68.9% | -39.4% | -3.5% |
| 2019 | -27.5% | -62.1% | +16.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Alcorn State University National Alumni Association Foundation Inc with a Mission Score of 70 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, Alcorn State University National Alumni Association Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are likely uncompensated volunteers or compensated through mechanisms not categorized as officer compensation, which is a positive sign for resource allocation given the organization's size and revenue.
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 Alcorn State University National Alumni Association Foundation Inc's IRS 990 filings:
- Recurring operational deficits (e.g., 2023, 2022, 2021, 2020) where expenses exceed revenue.
- Significant volatility in annual revenue, making financial planning challenging.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data makes efficiency assessment difficult.
Strengths
The following positive indicators were identified for Alcorn State University National Alumni Association Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership or efficient compensation practices.
- Maintains a stable asset base (e.g., $260,000 in 2023) despite revenue fluctuations.
- Consistently reports zero liabilities, indicating a strong balance sheet and no debt burden.
Frequently Asked Questions about Alcorn State University National Alumni Association Foundation Inc
Is Alcorn State University National Alumni Association Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Alcorn State University National Alumni Association Foundation Inc (EIN: 201459523) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Alcorn State University National Alumni Association Foundation Inc spend its money?
Alcorn State University National Alumni Association Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Alcorn State University National Alumni Association Foundation Inc tax-deductible?
Alcorn State University National Alumni Association Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201459523). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Alcorn State University National Alumni Association Foundation Inc's spending goes to programs?
Alcorn State University National Alumni Association Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Alcorn State University National Alumni Association Foundation Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Alcorn State University National Alumni Association Foundation Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Alcorn State University National Alumni Association Foundation Inc located?
Alcorn State University National Alumni Association Foundation Inc is headquartered in Vicksburg, Mississippi and files with the IRS under EIN 201459523. It is classified under NTEE code B82.
How many years of IRS 990 filings does Alcorn State University National Alumni Association Foundation Inc have?
Alcorn State University National Alumni Association Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $37K in total revenue.
Is Alcorn State University National Alumni Association Foundation Inc. financially sustainable?
The organization has experienced recurring operational deficits in recent years (e.g., 2023, 2022, 2021, 2020), where expenses exceeded revenue. While it maintains a stable asset base and no liabilities, consistent deficits raise questions about long-term financial sustainability without increased revenue or reduced expenses.
How does the organization manage its expenses?
Without a detailed functional expense breakdown, it's challenging to fully assess. However, the consistent reporting of 0% officer compensation suggests a lean approach to leadership compensation, potentially freeing up funds for other operational or program costs.
What is the trend in the organization's revenue?
Revenue has been highly volatile over the past decade, ranging from a low of $14,899 in 2021 to a high of $134,942 in 2017. The latest reported revenue of $20,399 in 2023 is significantly lower than some previous years, indicating an inconsistent fundraising environment.
Filing History
IRS 990 filing history for Alcorn State University National Alumni Association Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Alcorn State University National Alumni Association Foundation Inc's revenue has declined by 72.6%, moving from $75K to $20K. Total assets increased by 134% over the same period, from $111K to $260K. Total functional expenses fell by 43.9%, from $71K to $40K. In its most recent filing year (2023), Alcorn State University National Alumni Association Foundation Inc reported a deficit of $19K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $20K | $40K | $260K | $0 | — | View 990 |
| 2022 | $46K | $51K | $279K | $0 | — | View 990 |
| 2021 | $15K | $16K | $284K | $0 | — | View 990 |
| 2020 | $30K | $32K | $286K | $0 | — | — |
| 2019 | $95K | $53K | $296K | $0 | — | View 990 |
| 2018 | $131K | $141K | $255K | $0 | — | View 990 |
| 2017 | $135K | $55K | $264K | $0 | — | View 990 |
| 2016 | $66K | $52K | $184K | $0 | — | View 990 |
| 2015 | $70K | $35K | $170K | $0 | — | View 990 |
| 2014 | $61K | $51K | $135K | $0 | — | View 990 |
| 2013 | $51K | $36K | $124K | $0 | — | View 990 |
| 2012 | $46K | $51K | $108K | $0 | — | View 990 |
| 2011 | $75K | $71K | $111K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20K, expenses of $40K, and assets of $260K (revenue -55.4% year-over-year).
- 2022: Revenue of $46K, expenses of $51K, and assets of $279K (revenue +207.3% year-over-year).
- 2021: Revenue of $15K, expenses of $16K, and assets of $284K (revenue -49.6% year-over-year).
- 2020: Revenue of $30K, expenses of $32K, and assets of $286K (revenue -68.9% year-over-year).
- 2019: Revenue of $95K, expenses of $53K, and assets of $296K (revenue -27.5% year-over-year).
- 2018: Revenue of $131K, expenses of $141K, and assets of $255K (revenue -2.9% year-over-year).
- 2017: Revenue of $135K, expenses of $55K, and assets of $264K (revenue +104.5% year-over-year).
- 2016: Revenue of $66K, expenses of $52K, and assets of $184K (revenue -6.4% year-over-year).
- 2015: Revenue of $70K, expenses of $35K, and assets of $170K (revenue +14.9% year-over-year).
- 2014: Revenue of $61K, expenses of $51K, and assets of $135K (revenue +19.8% year-over-year).
- 2013: Revenue of $51K, expenses of $36K, and assets of $124K (revenue +11.7% year-over-year).
- 2012: Revenue of $46K, expenses of $51K, and assets of $108K (revenue -38.5% year-over-year).
- 2011: Revenue of $75K, expenses of $71K, and assets of $111K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alcorn State University National Alumni Association Foundation Inc:
Data Sources and Methodology
This transparency report for Alcorn State University National Alumni Association Foundation 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.