Cornelia Warren Community Assn Inc
Cornelia Warren Community Assn Inc maintains strong assets and zero liabilities, operating without officer compensation.
EIN: 10245341 · Vero Beach, FL · NTEE: O200 · Updated: 2026-03-28
Is Cornelia Warren Community Assn Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cornelia Warren Community Assn Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cornelia Warren Community Assn Inc
Cornelia Warren Community Assn Inc (EIN: 10245341) is a nonprofit organization based in Vero Beach, FL, classified under NTEE code O200. The organization reported total revenue of $1.6M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cornelia Warren Community Assn Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cornelia Warren Community Assn Inc 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, Cornelia Warren Community Assn Inc 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led or very lean executive structure, which is highly efficient for a nonprofit of its size with assets over $5 million.
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.
Strengths
The following positive indicators were identified for Cornelia Warren Community Assn Inc:
- Consistent zero liabilities across all filings, indicating strong financial health.
- 0% officer compensation, suggesting highly efficient use of funds for its mission.
- Strong and stable asset base, currently at $5,126,158, providing financial security.
- Consistent IRS 990 filing history (14 filings), demonstrating transparency and accountability.
- Positive operating margin in the latest period (202409: Revenue=$378,423, Expenses=$219,064).
Frequently Asked Questions about Cornelia Warren Community Assn Inc
Is Cornelia Warren Community Assn Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cornelia Warren Community Assn Inc (EIN: 10245341) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Cornelia Warren Community Assn Inc spend its money?
Cornelia Warren Community Assn Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cornelia Warren Community Assn Inc tax-deductible?
Cornelia Warren Community Assn Inc is registered as a tax-exempt nonprofit (EIN: 10245341). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Cornelia Warren Community Assn Inc a good charity?
Based on the available data, the Cornelia Warren Community Assn Inc appears to be a good charity. It has a strong asset base ($5,126,158), consistently reports zero liabilities, and most notably, has 0% officer compensation, suggesting that funds are directed towards its mission rather than executive salaries. Its consistent IRS 990 filings also indicate transparency.
How does the organization manage its expenses given fluctuating revenues?
The organization experiences fluctuating revenues, with some years showing expenses exceeding revenue (e.g., 202309: Revenue=$110,674, Expenses=$274,550). Given its substantial assets ($5,126,158) and zero liabilities, it likely relies on its investment income or reserves to cover operational costs during periods of lower revenue, maintaining financial stability.
What is the primary source of the organization's revenue?
While the 990 data provides total revenue, it does not detail the specific sources (e.g., donations, investment income, program service revenue). Given the fluctuating nature and the NTEE code O200 (Philanthropy, Voluntarism, and Grantmaking Foundations), it's plausible that investment income or grants play a significant role, especially in years with lower reported revenue.
Filing History
IRS 990 filing history for Cornelia Warren Community Assn Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Cornelia Warren Community Assn Inc's revenue has grown by 312.7%, moving from $92K to $378K. Total assets increased by 70.4% over the same period, from $3.0M to $5.0M. Total functional expenses fell by 21.3%, from $278K to $219K. In its most recent filing year (2024), Cornelia Warren Community Assn Inc reported a surplus of $159K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $378K | $219K | $5.0M | $0 | — | — |
| 2023 | $111K | $275K | $4.4M | $0 | — | View 990 |
| 2022 | $203K | $55K | $4.1M | $0 | — | View 990 |
| 2021 | $461K | $433K | $4.6M | $0 | — | View 990 |
| 2020 | $80K | $275K | $4.1M | $0 | — | View 990 |
| 2019 | $139K | $237K | $4.2M | $0 | — | View 990 |
| 2018 | $189K | $226K | $4.2M | $0 | — | View 990 |
| 2017 | $162K | $365K | $3.9M | $0 | — | View 990 |
| 2016 | $96K | $120K | $3.8M | $0 | — | View 990 |
| 2015 | $104K | $48K | $3.5M | $0 | — | View 990 |
| 2014 | $316K | $146K | $3.6M | $0 | — | View 990 |
| 2013 | $133K | $339K | $3.2M | $0 | — | View 990 |
| 2012 | $73K | $256K | $3.4M | $0 | — | View 990 |
| 2011 | $92K | $278K | $3.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $378K, expenses of $219K, and assets of $5.0M (revenue +241.9% year-over-year).
- 2023: Revenue of $111K, expenses of $275K, and assets of $4.4M (revenue -45.5% year-over-year).
- 2022: Revenue of $203K, expenses of $55K, and assets of $4.1M (revenue -56.0% year-over-year).
- 2021: Revenue of $461K, expenses of $433K, and assets of $4.6M (revenue +474.2% year-over-year).
- 2020: Revenue of $80K, expenses of $275K, and assets of $4.1M (revenue -42.1% year-over-year).
- 2019: Revenue of $139K, expenses of $237K, and assets of $4.2M (revenue -26.5% year-over-year).
- 2018: Revenue of $189K, expenses of $226K, and assets of $4.2M (revenue +16.8% year-over-year).
- 2017: Revenue of $162K, expenses of $365K, and assets of $3.9M (revenue +67.6% year-over-year).
- 2016: Revenue of $96K, expenses of $120K, and assets of $3.8M (revenue -7.2% year-over-year).
- 2015: Revenue of $104K, expenses of $48K, and assets of $3.5M (revenue -67.1% year-over-year).
- 2014: Revenue of $316K, expenses of $146K, and assets of $3.6M (revenue +137.5% year-over-year).
- 2013: Revenue of $133K, expenses of $339K, and assets of $3.2M (revenue +82.6% year-over-year).
- 2012: Revenue of $73K, expenses of $256K, and assets of $3.4M (revenue -20.6% year-over-year).
- 2011: Revenue of $92K, expenses of $278K, and assets of $3.0M.
Data Sources and Methodology
This transparency report for Cornelia Warren Community Assn 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.