Convergence Community Foundation
Convergence Community Foundation consistently reports minimal revenue against ongoing expenses, leading to significant asset depletion.
EIN: 204230839 · Jackson Hole, WY · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Total Expenses | $13K |
| Net Assets | $24K |
| Transparency Score | 10/100 |
Is Convergence Community Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Convergence Community Foundation
Convergence Community Foundation (EIN: 204230839) is a nonprofit organization based in Jackson Hole, WY, classified under NTEE code T30. The organization reported total revenue of $1 and total assets of $4K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Convergence Community Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Convergence Community Foundation is a micro nonprofit that has been operating for 20 years, with 8 years of IRS 990 filings on record (2014–2022).
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $13K |
| Surplus / Deficit | $-12,871 |
| Total Assets | $24K |
| Total Liabilities | $1 |
| Net Assets | $24K |
| Operating Margin | -1287100.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 21.9 months |
Financial Health Grade: B
In 2022, Convergence Community Foundation reported a deficit of $13K with expenses exceeding revenue, holds 21.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Convergence Community Foundation with a Mission Score of 10 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.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Convergence Community Foundation allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating no salary or benefits paid to officers, which is a positive sign for resource allocation.
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 Convergence Community Foundation's IRS 990 filings:
- Consistent minimal to zero revenue generation (e.g., $1 in 2022, $0 in 2020) against ongoing expenses.
- Significant and continuous decline in assets from $300,370 in 2014 to $23,545 in 2022.
- Persistent operating deficits, with expenses far exceeding revenue in multiple periods (e.g., $1 revenue vs. $12,872 expenses in 2022).
- Negative revenue reported in one period ($-39,612 in 2017), which is highly unusual.
Strengths
The following positive indicators were identified for Convergence Community Foundation:
- Consistently reports 0% officer compensation, indicating no executive salaries or benefits.
Frequently Asked Questions about Convergence Community Foundation
Is Convergence Community Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Convergence Community Foundation (EIN: 204230839) significant concerns. Mission Score: 10/100. 4 red flags identified, 1 strength noted.
How does Convergence Community Foundation spend its money?
Detailed spending breakdown data is not yet available for Convergence Community Foundation. Check back for updated IRS 990 analysis.
Are donations to Convergence Community Foundation tax-deductible?
Convergence Community Foundation is registered as a tax-exempt nonprofit (EIN: 204230839). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Convergence Community Foundation compare to similar nonprofits?
With a transparency score of 10/100 (Very Poor), Convergence Community Foundation is below average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Convergence Community Foundation located?
Convergence Community Foundation is headquartered in Jackson Hole, Wyoming and files with the IRS under EIN 204230839. It is classified under NTEE code T30.
How many years of IRS 990 filings does Convergence Community Foundation have?
Convergence Community Foundation has 8 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 $1 in total revenue.
Is Convergence Community Foundation financially sustainable?
Based on the provided data, the organization's financial sustainability is highly questionable. It consistently reports minimal to no revenue (e.g., $1 in 2022, $0 in 2020) while incurring expenses (e.g., $12,872 in 2022), leading to a significant and ongoing deficit.
What is the trend in the organization's assets?
The organization's assets have significantly declined over time, from $300,370 in 2014 to $23,545 in 2022, indicating a consistent depletion of resources.
Does the organization pay its officers?
No, the organization consistently reports 0% for officer compensation across all available filings, indicating no salaries or benefits are paid to its executives.
Filing History
IRS 990 filing history for Convergence Community Foundation showing financial trends over 8 years of public records:
Total assets decreased by 92.2% over the same period, from $300K to $24K. Total functional expenses rose by 35%, from $10K to $13K. In its most recent filing year (2022), Convergence Community Foundation reported a deficit of $13K, with expenses exceeding revenue. The organization holds $1 in liabilities against $24K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $24K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1 | $13K | $24K | $1 | — | View 990 |
| 2020 | $0 | $5K | $5K | $0 | — | View 990 |
| 2019 | $0 | $1K | $10K | $0 | — | View 990 |
| 2018 | $0 | $25K | $11K | $0 | — | View 990 |
| 2017 | $-39,612 | $203K | $36K | $0 | — | View 990 |
| 2016 | $0 | $10K | $281K | $2K | — | View 990 |
| 2015 | $0 | $11K | $291K | $2K | — | View 990 |
| 2014 | $0 | $10K | $300K | $750 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1, expenses of $13K, and assets of $24K.
- 2020: Revenue of $0, expenses of $5K, and assets of $5K.
- 2019: Revenue of $0, expenses of $1K, and assets of $10K.
- 2018: Revenue of $0, expenses of $25K, and assets of $11K.
- 2017: Revenue of $-39,612, expenses of $203K, and assets of $36K.
- 2016: Revenue of $0, expenses of $10K, and assets of $281K.
- 2015: Revenue of $0, expenses of $11K, and assets of $291K.
- 2014: Revenue of $0, expenses of $10K, and assets of $300K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Convergence Community Foundation:
Data Sources and Methodology
This transparency report for Convergence Community Foundation 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.