Carol Meiners Memorial Scholarship Inc
EIN: 861200852 · Coon Rapids, IA · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $4K |
| Total Expenses | $4K |
| Net Assets | $25K |
Is Carol Meiners Memorial Scholarship Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Carol Meiners Memorial Scholarship Inc
Carol Meiners Memorial Scholarship Inc (EIN: 861200852) is a nonprofit organization based in Coon Rapids, IA, classified under NTEE code B82. The organization reported total revenue of $4K and total assets of $26K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carol Meiners Memorial Scholarship Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carol Meiners Memorial Scholarship Inc is a micro nonprofit that has been operating for 4 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of -38.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $4K |
| Surplus / Deficit | +$2K |
| Total Assets | $25K |
| Total Liabilities | $1 |
| Net Assets | $25K |
| Operating Margin | 28.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 71.5 months |
Financial Health Grade: A
In 2023, Carol Meiners Memorial Scholarship Inc reported a surplus of $2K with revenue exceeding expenses, holds 71.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Carol Meiners Memorial Scholarship Inc's revenue has declined at a compound annual growth rate (CAGR) of -38.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.9% | -38.4% | +7.1% |
| 2022 | +325.8% | +452.4% | -8.3% |
| 2021 | -95.7% | — | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Carol Meiners Memorial Scholarship 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 Carol Meiners Memorial Scholarship 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 $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Carol Meiners Memorial Scholarship Inc
Is Carol Meiners Memorial Scholarship Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Carol Meiners Memorial Scholarship Inc (EIN: 861200852) insufficient data. 0 red flags identified, 0 strengths noted.
How does Carol Meiners Memorial Scholarship Inc spend its money?
Detailed spending breakdown data is not yet available for Carol Meiners Memorial Scholarship Inc. Check back for updated IRS 990 analysis.
Are donations to Carol Meiners Memorial Scholarship Inc tax-deductible?
Carol Meiners Memorial Scholarship Inc is registered as a tax-exempt nonprofit (EIN: 861200852). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Carol Meiners Memorial Scholarship Inc located?
Carol Meiners Memorial Scholarship Inc is headquartered in Coon Rapids, Iowa and files with the IRS under EIN 861200852. It is classified under NTEE code B82.
How many years of IRS 990 filings does Carol Meiners Memorial Scholarship Inc have?
Carol Meiners Memorial Scholarship Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $4K in total revenue.
Filing History
IRS 990 filing history for Carol Meiners Memorial Scholarship Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Carol Meiners Memorial Scholarship Inc's revenue has declined by 77.1%, moving from $26K to $6K. Total assets decreased by 2.3% over the same period, from $26K to $25K. In its most recent filing year (2023), Carol Meiners Memorial Scholarship Inc reported a surplus of $2K, with revenue exceeding expenses. The organization holds $1 in liabilities against $25K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $25K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6K | $4K | $25K | $1 | — | — |
| 2022 | $5K | $7K | $24K | $1 | — | — |
| 2021 | $1K | $1K | $26K | $1 | — | — |
| 2020 | $26K | $0 | $26K | $1 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $6K, expenses of $4K, and assets of $25K (revenue +24.9% year-over-year).
- 2022: Revenue of $5K, expenses of $7K, and assets of $24K (revenue +325.8% year-over-year).
- 2021: Revenue of $1K, expenses of $1K, and assets of $26K (revenue -95.7% year-over-year).
- 2020: Revenue of $26K, expenses of $0, and assets of $26K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carol Meiners Memorial Scholarship Inc:
Data Sources and Methodology
This transparency report for Carol Meiners Memorial Scholarship 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.