Cool Science Company
Cool Science Company consistently operates with low liabilities and no reported officer compensation, showing steady asset growth.
EIN: 141845037 · Colorado Spgs, CO · NTEE: B90 · Updated: 2026-03-28
Is Cool Science Company Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cool Science Company directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cool Science Company
Cool Science Company (EIN: 141845037) is a nonprofit organization based in Colorado Spgs, CO, classified under NTEE code B90. The organization reported total revenue of $139K and total assets of $93K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cool Science Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cool Science Company is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $103K |
| Total Expenses | $97K |
| Surplus / Deficit | +$7K |
| Total Assets | $67K |
| Total Liabilities | $1K |
| Net Assets | $66K |
| Operating Margin | 6.6% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 8.4 months |
Financial Health Grade: A
In 2023, Cool Science Company reported a surplus of $7K with revenue exceeding expenses, holds 8.4 months of operating reserves (strong position), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cool Science Company's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.9% | -9.3% | +11.0% |
| 2022 | -18.0% | +4.5% | -14.6% |
| 2021 | +1.8% | +6.6% | +26.7% |
| 2020 | +40.4% | -1.1% | +54.0% |
| 2019 | -24.9% | +13.3% | -32.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2003 |
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 Cool Science Company with a Mission Score of 90 out of 100 (Excellent). 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, Cool Science Company 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.2%.
Executive Compensation Analysis
Cool Science Company consistently reports 0% officer compensation across all 13 available filings, indicating that no funds are allocated to executive salaries, which is highly unusual for an organization of its size and suggests a volunteer-driven leadership or that compensation is covered by other means not reported as officer compensation.
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 Cool Science Company's IRS 990 filings:
- No officer compensation reported across all filings, which could indicate volunteer leadership or that compensation is structured in a way not captured as 'officer compensation' on the 990, warranting further inquiry into operational sustainability.
Strengths
The following positive indicators were identified for Cool Science Company:
- Consistent reporting of 0% officer compensation, indicating high efficiency in directing funds to mission.
- Steady growth in assets, from $11,080 in 2015 to $67,251 in 2023, demonstrating financial health.
- Very low liabilities, consistently under $2,000 in recent years, indicating minimal debt burden.
- Consistent revenue generation, with latest revenue at $138,969, supporting ongoing operations.
- Long history of IRS 990 filings (13 periods), indicating transparency and compliance.
Frequently Asked Questions about Cool Science Company
Is Cool Science Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Cool Science Company (EIN: 141845037) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Cool Science Company spend its money?
Cool Science Company directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cool Science Company tax-deductible?
Cool Science Company is registered as a tax-exempt nonprofit (EIN: 141845037). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Cool Science Company financially stable?
Yes, the organization appears financially stable. Revenues have generally exceeded expenses in recent years (e.g., 2023 revenue $103,431 vs. expenses $96,580), and assets have shown consistent growth from $11,080 in 2015 to $67,251 in 2023, while liabilities remain very low.
How efficient is Cool Science Company's spending?
Spending efficiency appears very high, primarily due to the consistent reporting of 0% officer compensation across all 13 filings. This suggests that a significant portion of funds is directed towards program delivery and essential operations.
Does Cool Science Company have a strong financial history?
Yes, the organization has a strong financial history, demonstrating consistent filing of IRS 990s over 13 periods, steady asset growth, and generally positive net income in recent years, indicating responsible financial management.
Filing History
IRS 990 filing history for Cool Science Company showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cool Science Company's revenue has grown by 72.7%, moving from $60K to $103K. Total assets increased by 227.2% over the same period, from $21K to $67K. Total functional expenses rose by 95.2%, from $49K to $97K. In its most recent filing year (2023), Cool Science Company reported a surplus of $7K, with revenue exceeding expenses. The organization holds $1K in liabilities against $67K in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $66K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $103K | $97K | $67K | $1K | — | View 990 |
| 2022 | $96K | $106K | $61K | $2K | — | View 990 |
| 2021 | $117K | $102K | $71K | $2K | — | — |
| 2020 | $115K | $96K | $56K | $2K | — | View 990 |
| 2019 | $82K | $97K | $36K | $1K | — | View 990 |
| 2018 | $109K | $85K | $54K | $4K | — | View 990 |
| 2017 | $98K | $94K | $28K | $1K | — | View 990 |
| 2016 | $75K | $63K | $23K | $800 | — | View 990 |
| 2015 | $45K | $48K | $11K | $1K | — | View 990 |
| 2014 | $44K | $53K | $15K | $2K | — | View 990 |
| 2013 | $30K | $55K | $23K | $2K | — | View 990 |
| 2012 | $61K | $33K | $48K | $985 | — | View 990 |
| 2011 | $60K | $49K | $21K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $103K, expenses of $97K, and assets of $67K (revenue +7.9% year-over-year).
- 2022: Revenue of $96K, expenses of $106K, and assets of $61K (revenue -18.0% year-over-year).
- 2021: Revenue of $117K, expenses of $102K, and assets of $71K (revenue +1.8% year-over-year).
- 2020: Revenue of $115K, expenses of $96K, and assets of $56K (revenue +40.4% year-over-year).
- 2019: Revenue of $82K, expenses of $97K, and assets of $36K (revenue -24.9% year-over-year).
- 2018: Revenue of $109K, expenses of $85K, and assets of $54K (revenue +11.0% year-over-year).
- 2017: Revenue of $98K, expenses of $94K, and assets of $28K (revenue +30.9% year-over-year).
- 2016: Revenue of $75K, expenses of $63K, and assets of $23K (revenue +66.4% year-over-year).
- 2015: Revenue of $45K, expenses of $48K, and assets of $11K (revenue +2.0% year-over-year).
- 2014: Revenue of $44K, expenses of $53K, and assets of $15K (revenue +48.7% year-over-year).
- 2013: Revenue of $30K, expenses of $55K, and assets of $23K (revenue -51.4% year-over-year).
- 2012: Revenue of $61K, expenses of $33K, and assets of $48K (revenue +1.9% year-over-year).
- 2011: Revenue of $60K, expenses of $49K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cool Science Company:
Data Sources and Methodology
This transparency report for Cool Science Company 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.