Boone County Agricultural Education Center Inc
EIN: 832000512 · Albion, NE · NTEE: K20
Is Boone County Agricultural Education Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Boone County Agricultural Education Center Inc
Boone County Agricultural Education Center Inc (EIN: 832000512) is a nonprofit organization based in Albion, NE, classified under NTEE code K20. The organization reported total revenue of $179K and total assets of $224K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boone County Agricultural Education Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boone County Agricultural Education Center Inc is a small nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -31.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $167K |
| Total Expenses | $119K |
| Surplus / Deficit | +$47K |
| Total Assets | $235K |
| Net Assets | $235K |
| Operating Margin | 28.4% |
| Months of Reserves | 23.6 months |
Financial Health Grade: A
In 2023, Boone County Agricultural Education Center Inc reported a surplus of $47K with revenue exceeding expenses, holds 23.6 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2019–2023), Boone County Agricultural Education Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -31.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -39.7% | -63.7% | +3.3% |
| 2022 | -15.6% | +88.7% | -26.7% |
| 2021 | -19.0% | -66.3% | +256.8% |
| 2020 | -47.6% | -21.6% | -56.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Boone County Agricultural Education Center Inc 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 Boone County Agricultural Education Center Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $47K, with revenue exceeding expenses.
Frequently Asked Questions about Boone County Agricultural Education Center Inc
Is Boone County Agricultural Education Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Boone County Agricultural Education Center Inc (EIN: 832000512) insufficient data. 0 red flags identified, 0 strengths noted.
How does Boone County Agricultural Education Center Inc spend its money?
Detailed spending breakdown data is not yet available for Boone County Agricultural Education Center Inc. Check back for updated IRS 990 analysis.
Are donations to Boone County Agricultural Education Center Inc tax-deductible?
Boone County Agricultural Education Center Inc is registered as a tax-exempt nonprofit (EIN: 832000512). 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 Boone County Agricultural Education Center Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Boone County Agricultural Education Center Inc's revenue has declined by 78.4%, moving from $772K to $167K. Total assets increased by 17.2% over the same period, from $200K to $235K. Total functional expenses fell by 81.9%, from $661K to $119K. In its most recent filing year (2023), Boone County Agricultural Education Center Inc reported a surplus of $47K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $167K | $119K | $235K | $0 | — | — |
| 2022 | $277K | $330K | $227K | $40K | — | — |
| 2021 | $328K | $175K | $310K | $70K | — | — |
| 2020 | $405K | $518K | $87K | $0 | — | View 990 |
| 2019 | $772K | $661K | $200K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $167K, expenses of $119K, and assets of $235K (revenue -39.7% year-over-year).
- 2022: Revenue of $277K, expenses of $330K, and assets of $227K (revenue -15.6% year-over-year).
- 2021: Revenue of $328K, expenses of $175K, and assets of $310K (revenue -19.0% year-over-year).
- 2020: Revenue of $405K, expenses of $518K, and assets of $87K (revenue -47.6% year-over-year).
- 2019: Revenue of $772K, expenses of $661K, and assets of $200K.
Data Sources and Methodology
This transparency report for Boone County Agricultural Education Center 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.