Central Region Innovation And Commercialization Center Inc
EIN: 371441604 · Bowling Green, KY · NTEE: S31
| Metric | Value |
|---|---|
| Total Revenue | $297K |
| Total Expenses | $398K |
| Net Assets | $143K |
Is Central Region Innovation And Commercialization 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 Central Region Innovation And Commercialization Center Inc
Central Region Innovation And Commercialization Center Inc (EIN: 371441604) is a nonprofit organization based in Bowling Green, KY, classified under NTEE code S31. The organization reported total revenue of $297K and total assets of $93K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central Region Innovation And Commercialization Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Central Region Innovation And Commercialization Center Inc is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $451K |
| Total Expenses | $398K |
| Surplus / Deficit | +$53K |
| Total Assets | $167K |
| Total Liabilities | $24K |
| Net Assets | $143K |
| Operating Margin | 11.8% |
| Debt-to-Asset Ratio | 14.3% |
| Months of Reserves | 5.0 months |
Financial Health Grade: A
In 2023, Central Region Innovation And Commercialization Center Inc reported a surplus of $53K with revenue exceeding expenses, holds 5.0 months of operating reserves (adequate), has a debt-to-asset ratio of 14.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Central Region Innovation And Commercialization Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.6% | +3.7% | +71.2% |
| 2022 | +92.6% | +48.0% | -14.3% |
| 2021 | +368.1% | +204.8% | -37.1% |
| 2020 | -58.1% | -15.1% | -20.0% |
| 2019 | -62.8% | -61.9% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Central Region Innovation And Commercialization 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 Central Region Innovation And Commercialization 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 $53K, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.3%.
Frequently Asked Questions about Central Region Innovation And Commercialization Center Inc
Is Central Region Innovation And Commercialization Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Central Region Innovation And Commercialization Center Inc (EIN: 371441604) insufficient data. 0 red flags identified, 0 strengths noted.
How does Central Region Innovation And Commercialization Center Inc spend its money?
Detailed spending breakdown data is not yet available for Central Region Innovation And Commercialization Center Inc. Check back for updated IRS 990 analysis.
Are donations to Central Region Innovation And Commercialization Center Inc tax-deductible?
Central Region Innovation And Commercialization Center Inc is registered as a tax-exempt nonprofit (EIN: 371441604). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Central Region Innovation And Commercialization Center Inc located?
Central Region Innovation And Commercialization Center Inc is headquartered in Bowling Green, Kentucky and files with the IRS under EIN 371441604. It is classified under NTEE code S31.
How many years of IRS 990 filings does Central Region Innovation And Commercialization Center Inc have?
Central Region Innovation And Commercialization Center 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 $297K in total revenue.
Filing History
IRS 990 filing history for Central Region Innovation And Commercialization Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Central Region Innovation And Commercialization Center Inc's revenue has grown by 58.8%, moving from $284K to $451K. Total assets increased by 85.1% over the same period, from $90K to $167K. Total functional expenses rose by 27.1%, from $313K to $398K. In its most recent filing year (2023), Central Region Innovation And Commercialization Center Inc reported a surplus of $53K, with revenue exceeding expenses. The organization holds $24K in liabilities against $167K in assets (debt-to-asset ratio: 14.3%), resulting in net assets of $143K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $451K | $398K | $167K | $24K | — | View 990 |
| 2022 | $367K | $384K | $97K | $8K | — | View 990 |
| 2021 | $191K | $259K | $114K | $8K | — | View 990 |
| 2020 | $41K | $85K | $180K | $6K | — | View 990 |
| 2019 | $97K | $100K | $225K | $7K | — | View 990 |
| 2018 | $261K | $263K | $229K | $8K | — | View 990 |
| 2017 | $257K | $273K | $231K | $8K | — | View 990 |
| 2016 | $354K | $313K | $248K | $9K | — | View 990 |
| 2015 | $312K | $295K | $208K | $8K | — | View 990 |
| 2014 | $315K | $298K | $194K | $10K | — | View 990 |
| 2013 | $244K | $362K | $12K | $-6,366 | — | View 990 |
| 2012 | $394K | $312K | $153K | $-17,937 | — | View 990 |
| 2011 | $284K | $313K | $90K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $451K, expenses of $398K, and assets of $167K (revenue +22.6% year-over-year).
- 2022: Revenue of $367K, expenses of $384K, and assets of $97K (revenue +92.6% year-over-year).
- 2021: Revenue of $191K, expenses of $259K, and assets of $114K (revenue +368.1% year-over-year).
- 2020: Revenue of $41K, expenses of $85K, and assets of $180K (revenue -58.1% year-over-year).
- 2019: Revenue of $97K, expenses of $100K, and assets of $225K (revenue -62.8% year-over-year).
- 2018: Revenue of $261K, expenses of $263K, and assets of $229K (revenue +1.5% year-over-year).
- 2017: Revenue of $257K, expenses of $273K, and assets of $231K (revenue -27.2% year-over-year).
- 2016: Revenue of $354K, expenses of $313K, and assets of $248K (revenue +13.4% year-over-year).
- 2015: Revenue of $312K, expenses of $295K, and assets of $208K (revenue -0.9% year-over-year).
- 2014: Revenue of $315K, expenses of $298K, and assets of $194K (revenue +28.9% year-over-year).
- 2013: Revenue of $244K, expenses of $362K, and assets of $12K (revenue -38.1% year-over-year).
- 2012: Revenue of $394K, expenses of $312K, and assets of $153K (revenue +38.8% year-over-year).
- 2011: Revenue of $284K, expenses of $313K, and assets of $90K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Central Region Innovation And Commercialization Center Inc:
Data Sources and Methodology
This transparency report for Central Region Innovation And Commercialization 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.