Cognitive Connection Corporation
EIN: 460953772 · Conover, NC · NTEE: P20
| Metric | Value |
|---|---|
| Total Expenses | $244K |
| Net Assets | $53K |
Is Cognitive Connection Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cognitive Connection Corporation
Cognitive Connection Corporation (EIN: 460953772) is a nonprofit organization based in Conover, NC, classified under NTEE code P20. 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 Cognitive Connection Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cognitive Connection Corporation is a small nonprofit that has been operating for 13 years, with 10 years of IRS 990 filings on record (2013–2022). Revenue has grown at a compound annual rate of 9.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $244K |
| Total Expenses | $244K |
| Surplus / Deficit | $-481 |
| Total Assets | $85K |
| Total Liabilities | $32K |
| Net Assets | $53K |
| Operating Margin | -0.2% |
| Debt-to-Asset Ratio | 37.8% |
| Months of Reserves | 4.2 months |
Financial Health Grade: B
In 2022, Cognitive Connection Corporation reported a deficit of $481 with expenses exceeding revenue, holds 4.2 months of operating reserves (adequate), has a debt-to-asset ratio of 37.8% (moderate leverage).
Financial Trends
Over 10 years of filings (2013–2022), Cognitive Connection Corporation's revenue has grown at a compound annual growth rate (CAGR) of 9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +11.7% | +16.4% | +1.4% |
| 2021 | -4.7% | +2.7% | +2.3% |
| 2020 | +8.3% | -7.0% | +77.6% |
| 2019 | -5.4% | -5.8% | -9.6% |
| 2018 | +100.8% | +53.7% | +21.6% |
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 Cognitive Connection Corporation 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 Cognitive Connection Corporation 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $481, with expenses exceeding revenue.
- Debt-to-asset ratio: 37.8%.
Frequently Asked Questions about Cognitive Connection Corporation
Is Cognitive Connection Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Cognitive Connection Corporation (EIN: 460953772) insufficient data. 0 red flags identified, 0 strengths noted.
How does Cognitive Connection Corporation spend its money?
Detailed spending breakdown data is not yet available for Cognitive Connection Corporation. Check back for updated IRS 990 analysis.
Are donations to Cognitive Connection Corporation tax-deductible?
Cognitive Connection Corporation is registered as a tax-exempt nonprofit (EIN: 460953772). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cognitive Connection Corporation located?
Cognitive Connection Corporation is headquartered in Conover, North Carolina and files with the IRS under EIN 460953772. It is classified under NTEE code P20.
How many years of IRS 990 filings does Cognitive Connection Corporation have?
Cognitive Connection Corporation 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.
Filing History
IRS 990 filing history for Cognitive Connection Corporation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2013–2022), Cognitive Connection Corporation's revenue has grown by 125.8%, moving from $108K to $244K. Total assets increased by 111.3% over the same period, from $40K to $85K. Total functional expenses rose by 238.5%, from $72K to $244K. In its most recent filing year (2022), Cognitive Connection Corporation reported a deficit of $481, with expenses exceeding revenue. The organization holds $32K in liabilities against $85K in assets (debt-to-asset ratio: 37.8%), resulting in net assets of $53K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $244K | $244K | $85K | $32K | — | View 990 |
| 2021 | $218K | $210K | $84K | $30K | — | View 990 |
| 2020 | $229K | $204K | $82K | $37K | — | View 990 |
| 2019 | $211K | $219K | $46K | $26K | — | View 990 |
| 2018 | $223K | $233K | $51K | $23K | — | View 990 |
| 2017 | $111K | $152K | $42K | $4K | — | — |
| 2016 | $189K | $202K | $75K | $0 | — | View 990 |
| 2015 | $154K | $116K | $89K | $1K | — | View 990 |
| 2014 | $108K | $98K | $50K | $0 | — | View 990 |
| 2013 | $108K | $72K | $40K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $244K, expenses of $244K, and assets of $85K (revenue +11.7% year-over-year).
- 2021: Revenue of $218K, expenses of $210K, and assets of $84K (revenue -4.7% year-over-year).
- 2020: Revenue of $229K, expenses of $204K, and assets of $82K (revenue +8.3% year-over-year).
- 2019: Revenue of $211K, expenses of $219K, and assets of $46K (revenue -5.4% year-over-year).
- 2018: Revenue of $223K, expenses of $233K, and assets of $51K (revenue +100.8% year-over-year).
- 2017: Revenue of $111K, expenses of $152K, and assets of $42K (revenue -41.2% year-over-year).
- 2016: Revenue of $189K, expenses of $202K, and assets of $75K (revenue +23.1% year-over-year).
- 2015: Revenue of $154K, expenses of $116K, and assets of $89K (revenue +42.1% year-over-year).
- 2014: Revenue of $108K, expenses of $98K, and assets of $50K (revenue +0.3% year-over-year).
- 2013: Revenue of $108K, expenses of $72K, and assets of $40K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cognitive Connection Corporation:
Data Sources and Methodology
This transparency report for Cognitive Connection Corporation 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.