Cisec Inc
Cisec Inc consistently reports 0% officer compensation but has operated at a deficit in recent years.
EIN: 205407551 · Parker, CO · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $412K |
| Total Expenses | $445K |
| Program Spending | 85% |
| Net Assets | $41K |
| Transparency Score | 75/100 |
Is Cisec Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cisec Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cisec Inc
Cisec Inc (EIN: 205407551) is a nonprofit organization based in Parker, CO, classified under NTEE code S41. The organization reported total revenue of $412K and total assets of $210K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cisec Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cisec Inc is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $412K |
| Total Expenses | $445K |
| Surplus / Deficit | $-32,834 |
| Total Assets | $210K |
| Total Liabilities | $169K |
| Net Assets | $41K |
| Operating Margin | -8.0% |
| Debt-to-Asset Ratio | 80.6% |
| Months of Reserves | 5.7 months |
Financial Health Grade: C
In 2024, Cisec Inc reported a deficit of $33K with expenses exceeding revenue, holds 5.7 months of operating reserves (adequate), has a debt-to-asset ratio of 80.6% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Cisec Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -6.5% | -3.9% | -10.2% |
| 2023 | -3.4% | +17.3% | -5.1% |
| 2022 | +33.6% | +21.0% | +31.6% |
| 2021 | +12.0% | +8.6% | +278.6% |
| 2020 | -0.4% | -5.3% | +52.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
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 Cisec Inc with a Mission Score of 75 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: 85%
- fundraising: 5%
According to IRS 990 filings, Cisec Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 80.6%.
Executive Compensation Analysis
Cisec Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is highly unusual for an organization of its size and suggests a volunteer-led executive team or a very lean operational model.
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 Cisec Inc's IRS 990 filings:
- Operating at a deficit in two of the last three reported periods (202406 and 202306), indicating expenses exceeding revenue.
- Liabilities ($169,010 in 202406) represent a significant portion of total assets ($209,736), which could pose financial risk.
Strengths
The following positive indicators were identified for Cisec Inc:
- Consistent reporting of 0% officer compensation, indicating highly efficient use of funds regarding executive pay.
- Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
- Significant growth in total assets over the past decade, from $15,810 in 201606 to $209,736 in 202406.
Frequently Asked Questions about Cisec Inc
Is Cisec Inc a legitimate charity?
Cisec Inc (EIN: 205407551) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $412K. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Cisec Inc spend its money?
Cisec Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Cisec Inc tax-deductible?
Cisec Inc is registered as a tax-exempt nonprofit (EIN: 205407551). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cisec Inc's spending goes to programs?
Cisec Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cisec Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Cisec Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cisec Inc located?
Cisec Inc is headquartered in Parker, Colorado and files with the IRS under EIN 205407551. It is classified under NTEE code S41.
How many years of IRS 990 filings does Cisec Inc have?
Cisec 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 $412K in total revenue.
Why has Cisec Inc operated at a deficit in the last two reported periods?
In 202406, expenses ($445,024) exceeded revenue ($412,190), and in 202306, expenses ($462,908) also exceeded revenue ($440,650). The filings do not provide specific reasons for these deficits, but it's a trend that warrants further investigation into their operational costs or funding sources.
How does Cisec Inc sustain operations without paying officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation, which is a significant factor in its operational model.
What is the trend in Cisec Inc's net assets?
While assets have grown from $15,810 in 201606 to $209,736 in 202406, liabilities have also increased, reaching $169,010 in 202406. The net assets (Assets - Liabilities) have fluctuated, indicating periods of growth and contraction in financial reserves.
Filing History
IRS 990 filing history for Cisec Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Cisec Inc's revenue has grown by 78.5%, moving from $231K to $412K. Total assets increased by 1154.1% over the same period, from $17K to $210K. Total functional expenses rose by 48%, from $301K to $445K. In its most recent filing year (2024), Cisec Inc reported a deficit of $33K, with expenses exceeding revenue. The organization holds $169K in liabilities against $210K in assets (debt-to-asset ratio: 80.6%), resulting in net assets of $41K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $412K | $445K | $210K | $169K | — | — |
| 2023 | $441K | $463K | $233K | $160K | — | — |
| 2022 | $456K | $394K | $246K | $150K | — | View 990 |
| 2021 | $342K | $326K | $187K | $194K | — | View 990 |
| 2020 | $305K | $300K | $49K | $72K | — | — |
| 2019 | $306K | $317K | $32K | $60K | — | View 990 |
| 2018 | $292K | $310K | $42K | $59K | — | — |
| 2017 | $310K | $279K | $34K | $29K | — | View 990 |
| 2016 | $222K | $227K | $16K | $41K | — | View 990 |
| 2015 | $229K | $223K | $17K | $37K | — | View 990 |
| 2014 | $184K | $179K | $15K | $40K | — | View 990 |
| 2013 | $123K | $169K | $1K | $32K | — | View 990 |
| 2012 | $231K | $301K | $17K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $412K, expenses of $445K, and assets of $210K (revenue -6.5% year-over-year).
- 2023: Revenue of $441K, expenses of $463K, and assets of $233K (revenue -3.4% year-over-year).
- 2022: Revenue of $456K, expenses of $394K, and assets of $246K (revenue +33.6% year-over-year).
- 2021: Revenue of $342K, expenses of $326K, and assets of $187K (revenue +12.0% year-over-year).
- 2020: Revenue of $305K, expenses of $300K, and assets of $49K (revenue -0.4% year-over-year).
- 2019: Revenue of $306K, expenses of $317K, and assets of $32K (revenue +5.0% year-over-year).
- 2018: Revenue of $292K, expenses of $310K, and assets of $42K (revenue -5.9% year-over-year).
- 2017: Revenue of $310K, expenses of $279K, and assets of $34K (revenue +39.3% year-over-year).
- 2016: Revenue of $222K, expenses of $227K, and assets of $16K (revenue -2.9% year-over-year).
- 2015: Revenue of $229K, expenses of $223K, and assets of $17K (revenue +24.6% year-over-year).
- 2014: Revenue of $184K, expenses of $179K, and assets of $15K (revenue +49.2% year-over-year).
- 2013: Revenue of $123K, expenses of $169K, and assets of $1K (revenue -46.6% year-over-year).
- 2012: Revenue of $231K, expenses of $301K, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cisec Inc:
Data Sources and Methodology
This transparency report for Cisec 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.