Carroll Education Foundation Inc
Carroll Education Foundation maintains strong asset growth with zero liabilities and no executive compensation.
EIN: 205550649 · Flora, IN · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $846K |
| Total Expenses | $176K |
| Program Spending | 95% |
| Net Assets | $3.2M |
| Transparency Score | 92/100 |
Is Carroll Education Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carroll Education Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carroll Education Foundation Inc
Carroll Education Foundation Inc (EIN: 205550649) is a nonprofit organization based in Flora, IN, classified under NTEE code B82. The organization reported total revenue of $846K and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carroll Education Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carroll Education Foundation Inc is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2015–2024). Revenue has grown at a compound annual rate of -27.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $146K |
| Total Expenses | $176K |
| Surplus / Deficit | $-29,702 |
| Total Assets | $3.2M |
| Net Assets | $3.2M |
| Operating Margin | -20.3% |
| Months of Reserves | 221.1 months |
Financial Health Grade: B
In 2024, Carroll Education Foundation Inc reported a deficit of $30K with expenses exceeding revenue, holds 221.1 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2015–2024), Carroll Education Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -27.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -21.8% | +5.8% | -0.9% |
| 2023 | +0.2% | +17.5% | +0.6% |
| 2022 | +13.7% | +2.0% | +1.4% |
| 2021 | +31.9% | +18.2% | +0.8% |
| 2020 | -43.3% | +11.4% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Carroll Education Foundation Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Carroll Education Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $30K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for a nonprofit of its size.
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.
Strengths
The following positive indicators were identified for Carroll Education Foundation Inc:
- Consistent asset growth, from $2,871,899 in 2015 to $3,280,449 currently.
- Zero liabilities reported across all available filings, indicating strong financial health and low risk.
- 0% officer compensation consistently reported, suggesting high efficiency and volunteer leadership.
- Expenses consistently well below revenue in most years, contributing to asset accumulation.
- Strong financial transparency with 10 years of consistent IRS 990 filings.
Frequently Asked Questions about Carroll Education Foundation Inc
Is Carroll Education Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Carroll Education Foundation Inc (EIN: 205550649) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Carroll Education Foundation Inc spend its money?
Carroll Education Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Carroll Education Foundation Inc tax-deductible?
Carroll Education Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205550649). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Carroll Education Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Carroll Education 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 Carroll Education Foundation Inc located?
Carroll Education Foundation Inc is headquartered in Flora, Indiana and files with the IRS under EIN 205550649. It is classified under NTEE code B82.
How many years of IRS 990 filings does Carroll Education Foundation Inc have?
Carroll Education Foundation Inc has 10 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 $846K in total revenue.
How does Carroll Education Foundation Inc manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or that any compensation is structured in a way that does not fall under the 'officer compensation' category on the IRS 990, which is a strong indicator of efficiency.
What caused the significant revenue spike in 2015 ($2,786,702) compared to other years?
The 2015 revenue of $2,786,702 is an outlier compared to the typical annual revenue range of $87,586 to $219,205. This could indicate a major one-time donation, a capital campaign, or a specific grant received in that period.
Given the low expenses, how effectively is the organization deploying its substantial assets ($3,280,449) to achieve its mission?
While the organization has a strong asset base and low expenses, further analysis would be needed to understand the specific programs and initiatives funded by these assets and how they directly contribute to the NTEE code B82 (Elementary & Secondary Education).
Filing History
IRS 990 filing history for Carroll Education Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2015–2024), Carroll Education Foundation Inc's revenue has declined by 94.8%, moving from $2.8M to $146K. Total assets increased by 12.8% over the same period, from $2.9M to $3.2M. Total functional expenses rose by 421.7%, from $34K to $176K. In its most recent filing year (2024), Carroll Education Foundation Inc reported a deficit of $30K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $146K | $176K | $3.2M | $0 | — | — |
| 2023 | $187K | $166K | $3.3M | $0 | — | View 990 |
| 2022 | $186K | $141K | $3.2M | $0 | — | View 990 |
| 2021 | $164K | $139K | $3.2M | $0 | — | View 990 |
| 2020 | $124K | $117K | $3.2M | $0 | — | View 990 |
| 2019 | $219K | $105K | $3.2M | $0 | — | View 990 |
| 2018 | $153K | $82K | $3.1M | $0 | — | View 990 |
| 2017 | $88K | $51K | $3.0M | $0 | — | View 990 |
| 2016 | $94K | $44K | $3.0M | $0 | — | View 990 |
| 2015 | $2.8M | $34K | $2.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $146K, expenses of $176K, and assets of $3.2M (revenue -21.8% year-over-year).
- 2023: Revenue of $187K, expenses of $166K, and assets of $3.3M (revenue +0.2% year-over-year).
- 2022: Revenue of $186K, expenses of $141K, and assets of $3.2M (revenue +13.7% year-over-year).
- 2021: Revenue of $164K, expenses of $139K, and assets of $3.2M (revenue +31.9% year-over-year).
- 2020: Revenue of $124K, expenses of $117K, and assets of $3.2M (revenue -43.3% year-over-year).
- 2019: Revenue of $219K, expenses of $105K, and assets of $3.2M (revenue +43.2% year-over-year).
- 2018: Revenue of $153K, expenses of $82K, and assets of $3.1M (revenue +74.8% year-over-year).
- 2017: Revenue of $88K, expenses of $51K, and assets of $3.0M (revenue -7.0% year-over-year).
- 2016: Revenue of $94K, expenses of $44K, and assets of $3.0M (revenue -96.6% year-over-year).
- 2015: Revenue of $2.8M, expenses of $34K, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carroll Education Foundation Inc:
Data Sources and Methodology
This transparency report for Carroll Education 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.