Clyde E Frese And Nellie M Fres Charitable Remainder Annuity Tr Of
EIN: 266533984 · Nora Springs, IA · NTEE: X111
| Metric | Value |
|---|---|
| Total Revenue | $27K |
| Total Expenses | $33K |
| Net Assets | $937K |
Is Clyde E Frese And Nellie M Fres Charitable Remainder Annuity Tr Of Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Clyde E Frese And Nellie M Fres Charitable Remainder Annuity Tr Of
Clyde E Frese And Nellie M Fres Charitable Remainder Annuity Tr Of (EIN: 266533984) is a nonprofit organization based in Nora Springs, IA, classified under NTEE code X111. The organization reported total revenue of $27K and total assets of $932K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clyde E Frese And Nellie M Fres Charitable Remainder Annuity Tr Of's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clyde E Frese And Nellie M Fres Charitable Remainder Annuity Tr Of is a micro nonprofit that has been operating for 13 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $28K |
| Total Expenses | $33K |
| Surplus / Deficit | $-5,169 |
| Total Assets | $937K |
| Net Assets | $937K |
| Operating Margin | -18.7% |
| Months of Reserves | 342.9 months |
Financial Health Grade: B
In 2023, Clyde E Frese And Nellie M Fres Charitable Remainder Annuity Tr Of reported a deficit of $5K with expenses exceeding revenue, holds 342.9 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Clyde E Frese And Nellie M Fres Charitable Remainder Annuity Tr Of's revenue has declined at a compound annual growth rate (CAGR) of -1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.2% | +126.2% | -0.5% |
| 2022 | -2.9% | +32.4% | +1.3% |
| 2021 | +4.6% | -64.7% | +1.9% |
| 2020 | -0.7% | -1.2% | -0.5% |
| 2019 | -0.2% | -0.6% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Clyde E Frese And Nellie M Fres Charitable Remainder Annuity Tr Of 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 Clyde E Frese And Nellie M Fres Charitable Remainder Annuity Tr Of 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 deficit of $5K, with expenses exceeding revenue.
Frequently Asked Questions about Clyde E Frese And Nellie M Fres Charitable Remainder Annuity Tr Of
Is Clyde E Frese And Nellie M Fres Charitable Remainder Annuity Tr Of a legitimate charity?
Based on AI analysis of IRS 990 filings, Clyde E Frese And Nellie M Fres Charitable Remainder Annuity Tr Of (EIN: 266533984) insufficient data. 0 red flags identified, 0 strengths noted.
How does Clyde E Frese And Nellie M Fres Charitable Remainder Annuity Tr Of spend its money?
Detailed spending breakdown data is not yet available for Clyde E Frese And Nellie M Fres Charitable Remainder Annuity Tr Of. Check back for updated IRS 990 analysis.
Are donations to Clyde E Frese And Nellie M Fres Charitable Remainder Annuity Tr Of tax-deductible?
Clyde E Frese And Nellie M Fres Charitable Remainder Annuity Tr Of is registered as a tax-exempt nonprofit (EIN: 266533984). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Clyde E Frese And Nellie M Fres Charitable Remainder Annuity Tr Of located?
Clyde E Frese And Nellie M Fres Charitable Remainder Annuity Tr Of is headquartered in Nora Springs, Iowa and files with the IRS under EIN 266533984. It is classified under NTEE code X111.
How many years of IRS 990 filings does Clyde E Frese And Nellie M Fres Charitable Remainder Annuity Tr Of have?
Clyde E Frese And Nellie M Fres Charitable Remainder Annuity Tr Of has 12 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 $27K in total revenue.
Filing History
IRS 990 filing history for Clyde E Frese And Nellie M Fres Charitable Remainder Annuity Tr Of showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Clyde E Frese And Nellie M Fres Charitable Remainder Annuity Tr Of's revenue has declined by 12.6%, moving from $32K to $28K. Total assets decreased by 1.4% over the same period, from $950K to $937K. Total functional expenses fell by 34.7%, from $50K to $33K. In its most recent filing year (2023), Clyde E Frese And Nellie M Fres Charitable Remainder Annuity Tr Of reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $28K | $33K | $937K | $0 | — | — |
| 2022 | $27K | $15K | $942K | $0 | — | — |
| 2021 | $28K | $11K | $930K | $0 | — | — |
| 2020 | $27K | $31K | $913K | $0 | — | View 990 |
| 2019 | $27K | $31K | $917K | $0 | — | View 990 |
| 2018 | $27K | $32K | $922K | $0 | — | View 990 |
| 2017 | $27K | $33K | $927K | $0 | — | View 990 |
| 2016 | $27K | $33K | $932K | $0 | — | View 990 |
| 2015 | $27K | $48K | $938K | $0 | — | View 990 |
| 2014 | $28K | $27K | $958K | $0 | — | View 990 |
| 2013 | $28K | $21K | $957K | $0 | — | View 990 |
| 2012 | $32K | $50K | $950K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $28K, expenses of $33K, and assets of $937K (revenue +2.2% year-over-year).
- 2022: Revenue of $27K, expenses of $15K, and assets of $942K (revenue -2.9% year-over-year).
- 2021: Revenue of $28K, expenses of $11K, and assets of $930K (revenue +4.6% year-over-year).
- 2020: Revenue of $27K, expenses of $31K, and assets of $913K (revenue -0.7% year-over-year).
- 2019: Revenue of $27K, expenses of $31K, and assets of $917K (revenue -0.2% year-over-year).
- 2018: Revenue of $27K, expenses of $32K, and assets of $922K (revenue -0.7% year-over-year).
- 2017: Revenue of $27K, expenses of $33K, and assets of $927K (revenue -0.6% year-over-year).
- 2016: Revenue of $27K, expenses of $33K, and assets of $932K (revenue -0.6% year-over-year).
- 2015: Revenue of $27K, expenses of $48K, and assets of $938K (revenue -2.1% year-over-year).
- 2014: Revenue of $28K, expenses of $27K, and assets of $958K (revenue -0.8% year-over-year).
- 2013: Revenue of $28K, expenses of $21K, and assets of $957K (revenue -10.9% year-over-year).
- 2012: Revenue of $32K, expenses of $50K, and assets of $950K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Clyde E Frese And Nellie M Fres Charitable Remainder Annuity Tr Of:
Data Sources and Methodology
This transparency report for Clyde E Frese And Nellie M Fres Charitable Remainder Annuity Tr Of 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.