Chelsea Alumni Association Inc
Chelsea Alumni Association Inc reports zero revenue and assets in its latest filing, indicating potential dormancy.
EIN: 202089765 · Chelsea, OK · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $19K |
| Program Spending | 90% |
| Net Assets | $12K |
| Transparency Score | 70/100 |
Is Chelsea Alumni Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chelsea Alumni Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chelsea Alumni Association Inc
Chelsea Alumni Association Inc (EIN: 202089765) is a nonprofit organization based in Chelsea, OK, classified under NTEE code B82. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chelsea Alumni Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chelsea Alumni Association Inc is a micro nonprofit that has been operating for 17 years, with 2 years of IRS 990 filings on record (2011–2012). Revenue has grown at a compound annual rate of -41.2%.
Key Financial Metrics (2012)
From the most recent IRS 990 filing on record:
| Total Revenue | $13K |
| Total Expenses | $19K |
| Surplus / Deficit | $-6,237 |
| Total Assets | $12K |
| Net Assets | $12K |
| Operating Margin | -49.7% |
| Months of Reserves | 7.7 months |
Financial Health Grade: B
In 2012, Chelsea Alumni Association Inc reported a deficit of $6K with expenses exceeding revenue, holds 7.7 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2011–2012), Chelsea Alumni Association Inc's revenue has declined at a compound annual growth rate (CAGR) of -41.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2012 | -41.2% | -1.3% | -17.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Chelsea Alumni Association 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Chelsea Alumni Association Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2012)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% in all available filings, indicating that the organization is likely run entirely by volunteers and does not pay its officers, which is commendable for a small nonprofit.
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 Chelsea Alumni Association Inc's IRS 990 filings:
- Zero revenue and assets in latest filing, indicating potential inactivity.
Strengths
The following positive indicators were identified for Chelsea Alumni Association Inc:
- No officer compensation reported, suggesting volunteer-driven operations.
- No reported liabilities across all filings, indicating financial stability in prior periods.
Frequently Asked Questions about Chelsea Alumni Association Inc
Is Chelsea Alumni Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Chelsea Alumni Association Inc (EIN: 202089765) some concerns. Mission Score: 70/100. 1 red flag identified, 2 strengths noted.
How does Chelsea Alumni Association Inc spend its money?
Chelsea Alumni Association Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Chelsea Alumni Association Inc tax-deductible?
Chelsea Alumni Association Inc is registered as a tax-exempt nonprofit (EIN: 202089765). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Chelsea Alumni Association Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Chelsea Alumni Association 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 Chelsea Alumni Association Inc located?
Chelsea Alumni Association Inc is headquartered in Chelsea, Oklahoma and files with the IRS under EIN 202089765. It is classified under NTEE code B82.
How many years of IRS 990 filings does Chelsea Alumni Association Inc have?
Chelsea Alumni Association Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is Chelsea Alumni Association Inc currently active?
The latest filing showing $0 revenue and $0 assets suggests the organization may be inactive or dormant, as there's no financial activity reported.
How does the organization fund its activities?
Based on prior filings, the organization generated revenue from sources like contributions and program service revenue (e.g., $12,561 in 2012). However, with $0 revenue in the latest filing, its current funding mechanism is unclear.
Filing History
IRS 990 filing history for Chelsea Alumni Association Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2011–2012), Chelsea Alumni Association Inc's revenue has declined by 41.2%, moving from $21K to $13K. Total assets decreased by 17.4% over the same period, from $15K to $12K. Total functional expenses fell by 1.3%, from $19K to $19K. In its most recent filing year (2012), Chelsea Alumni Association Inc reported a deficit of $6K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2012 | $13K | $19K | $12K | $0 | — | View 990 |
| 2011 | $21K | $19K | $15K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chelsea Alumni Association Inc:
Data Sources and Methodology
This transparency report for Chelsea Alumni Association 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.