Cornhuskers Corvette Club Ltd
EIN: 470590780 · Boys Town, NE
| Metric | Value |
|---|---|
| Total Revenue | $81K |
| Total Expenses | $75K |
| Net Assets | $35K |
Is Cornhuskers Corvette Club Ltd Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cornhuskers Corvette Club Ltd
Cornhuskers Corvette Club Ltd (EIN: 470590780) is a nonprofit organization based in Boys Town, NE. The organization reported total revenue of $81K and total assets of $31K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cornhuskers Corvette Club Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cornhuskers Corvette Club Ltd is a micro nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $75K |
| Total Expenses | $75K |
| Surplus / Deficit | +$351 |
| Total Assets | $35K |
| Net Assets | $35K |
| Operating Margin | 0.5% |
| Months of Reserves | 5.5 months |
Financial Health Grade: A
In 2024, Cornhuskers Corvette Club Ltd reported a surplus of $351 with revenue exceeding expenses, holds 5.5 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2012–2024), Cornhuskers Corvette Club Ltd's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +14.1% | +9.9% | +1.0% |
| 2023 | +19.3% | +12.9% | -6.1% |
| 2022 | +29.0% | +40.8% | -12.4% |
| 2021 | -31.3% | -35.9% | -0.1% |
| 2020 | +12.2% | +11.5% | -9.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cornhuskers Corvette Club Ltd 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 Cornhuskers Corvette Club Ltd 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $351, with revenue exceeding expenses.
Frequently Asked Questions about Cornhuskers Corvette Club Ltd
Is Cornhuskers Corvette Club Ltd a legitimate charity?
Cornhuskers Corvette Club Ltd (EIN: 470590780) is a registered tax-exempt nonprofit based in Nebraska. It has 13 years of IRS 990 filings on record. Total revenue: $81K. No red flags identified. Financial health grade: A.
How does Cornhuskers Corvette Club Ltd spend its money?
Cornhuskers Corvette Club Ltd reported $81K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Cornhuskers Corvette Club Ltd tax-deductible?
Cornhuskers Corvette Club Ltd is registered as a tax-exempt nonprofit (EIN: 470590780). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cornhuskers Corvette Club Ltd located?
Cornhuskers Corvette Club Ltd is headquartered in Boys Town, Nebraska and files with the IRS under EIN 470590780.
How many years of IRS 990 filings does Cornhuskers Corvette Club Ltd have?
Cornhuskers Corvette Club Ltd has 13 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 $81K in total revenue.
Filing History
IRS 990 filing history for Cornhuskers Corvette Club Ltd showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Cornhuskers Corvette Club Ltd's revenue has grown by 34%, moving from $56K to $75K. Total assets decreased by 12.2% over the same period, from $39K to $35K. Total functional expenses rose by 32.7%, from $57K to $75K. In its most recent filing year (2024), Cornhuskers Corvette Club Ltd reported a surplus of $351, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $75K | $75K | $35K | $0 | — | — |
| 2023 | $66K | $68K | $34K | $0 | — | — |
| 2022 | $55K | $60K | $36K | $0 | — | — |
| 2021 | $43K | $43K | $42K | $0 | — | View 990 |
| 2020 | $62K | $67K | $42K | $0 | — | View 990 |
| 2019 | $56K | $60K | $46K | $0 | — | View 990 |
| 2018 | $52K | $61K | $51K | $0 | — | View 990 |
| 2017 | $62K | $53K | $61K | $0 | — | View 990 |
| 2016 | $66K | $69K | $52K | $0 | — | View 990 |
| 2015 | $52K | $52K | $54K | $0 | — | View 990 |
| 2014 | $54K | $49K | $54K | $0 | — | View 990 |
| 2013 | $60K | $49K | $50K | $0 | — | View 990 |
| 2012 | $56K | $57K | $39K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $75K, expenses of $75K, and assets of $35K (revenue +14.1% year-over-year).
- 2023: Revenue of $66K, expenses of $68K, and assets of $34K (revenue +19.3% year-over-year).
- 2022: Revenue of $55K, expenses of $60K, and assets of $36K (revenue +29.0% year-over-year).
- 2021: Revenue of $43K, expenses of $43K, and assets of $42K (revenue -31.3% year-over-year).
- 2020: Revenue of $62K, expenses of $67K, and assets of $42K (revenue +12.2% year-over-year).
- 2019: Revenue of $56K, expenses of $60K, and assets of $46K (revenue +7.8% year-over-year).
- 2018: Revenue of $52K, expenses of $61K, and assets of $51K (revenue -16.2% year-over-year).
- 2017: Revenue of $62K, expenses of $53K, and assets of $61K (revenue -7.0% year-over-year).
- 2016: Revenue of $66K, expenses of $69K, and assets of $52K (revenue +26.9% year-over-year).
- 2015: Revenue of $52K, expenses of $52K, and assets of $54K (revenue -2.6% year-over-year).
- 2014: Revenue of $54K, expenses of $49K, and assets of $54K (revenue -11.0% year-over-year).
- 2013: Revenue of $60K, expenses of $49K, and assets of $50K (revenue +7.1% year-over-year).
- 2012: Revenue of $56K, expenses of $57K, and assets of $39K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cornhuskers Corvette Club Ltd:
Data Sources and Methodology
This transparency report for Cornhuskers Corvette Club Ltd 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.