Craven Community College Foundation
EIN: 591718436 · New Bern, NC · NTEE: B41I
Is Craven Community College Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Craven Community College Foundation
Craven Community College Foundation (EIN: 591718436) is a nonprofit organization based in New Bern, NC, classified under NTEE code B41I. The organization reported total revenue of $753K and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Craven Community College Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Craven Community College Foundation is a small nonprofit that has been operating for 49 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $732K |
| Total Expenses | $667K |
| Surplus / Deficit | +$65K |
| Total Assets | $3.9M |
| Total Liabilities | $19K |
| Net Assets | $3.9M |
| Operating Margin | 8.8% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 69.8 months |
Financial Health Grade: A
In 2023, Craven Community College Foundation reported a surplus of $65K with revenue exceeding expenses, holds 69.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Craven Community College Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.6% | +49.4% | +6.4% |
| 2022 | -8.8% | -19.1% | -8.5% |
| 2021 | +45.9% | +2.1% | +18.6% |
| 2020 | -4.9% | +16.2% | +4.5% |
| 2019 | -8.3% | -1.7% | +8.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Craven Community College Foundation 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 Craven Community College Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $65K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Frequently Asked Questions about Craven Community College Foundation
Is Craven Community College Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Craven Community College Foundation (EIN: 591718436) insufficient data. 0 red flags identified, 0 strengths noted.
How does Craven Community College Foundation spend its money?
Detailed spending breakdown data is not yet available for Craven Community College Foundation. Check back for updated IRS 990 analysis.
Are donations to Craven Community College Foundation tax-deductible?
Craven Community College Foundation is registered as a tax-exempt nonprofit (EIN: 591718436). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Craven Community College Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Craven Community College Foundation's revenue has grown by 57.4%, moving from $465K to $732K. Total assets increased by 90.4% over the same period, from $2.0M to $3.9M. Total functional expenses rose by 12.2%, from $595K to $667K. In its most recent filing year (2023), Craven Community College Foundation reported a surplus of $65K, with revenue exceeding expenses. The organization holds $19K in liabilities against $3.9M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $3.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $732K | $667K | $3.9M | $19K | — | View 990 |
| 2022 | $819K | $447K | $3.6M | $30K | — | View 990 |
| 2021 | $898K | $552K | $4.0M | $486 | — | View 990 |
| 2020 | $615K | $541K | $3.4M | $23K | — | View 990 |
| 2019 | $647K | $466K | $3.2M | $1K | — | View 990 |
| 2018 | $705K | $474K | $3.0M | $2K | — | View 990 |
| 2017 | $651K | $395K | $2.7M | $864 | — | View 990 |
| 2016 | $405K | $362K | $2.4M | $6K | — | View 990 |
| 2015 | $530K | $482K | $2.4M | $2K | — | View 990 |
| 2014 | $751K | $532K | $2.4M | $95 | — | View 990 |
| 2013 | $423K | $463K | $2.1M | $43K | — | View 990 |
| 2012 | $621K | $622K | $1.9M | $542 | — | View 990 |
| 2011 | $465K | $595K | $2.0M | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $732K, expenses of $667K, and assets of $3.9M (revenue -10.6% year-over-year).
- 2022: Revenue of $819K, expenses of $447K, and assets of $3.6M (revenue -8.8% year-over-year).
- 2021: Revenue of $898K, expenses of $552K, and assets of $4.0M (revenue +45.9% year-over-year).
- 2020: Revenue of $615K, expenses of $541K, and assets of $3.4M (revenue -4.9% year-over-year).
- 2019: Revenue of $647K, expenses of $466K, and assets of $3.2M (revenue -8.3% year-over-year).
- 2018: Revenue of $705K, expenses of $474K, and assets of $3.0M (revenue +8.4% year-over-year).
- 2017: Revenue of $651K, expenses of $395K, and assets of $2.7M (revenue +60.5% year-over-year).
- 2016: Revenue of $405K, expenses of $362K, and assets of $2.4M (revenue -23.5% year-over-year).
- 2015: Revenue of $530K, expenses of $482K, and assets of $2.4M (revenue -29.4% year-over-year).
- 2014: Revenue of $751K, expenses of $532K, and assets of $2.4M (revenue +77.6% year-over-year).
- 2013: Revenue of $423K, expenses of $463K, and assets of $2.1M (revenue -31.9% year-over-year).
- 2012: Revenue of $621K, expenses of $622K, and assets of $1.9M (revenue +33.5% year-over-year).
- 2011: Revenue of $465K, expenses of $595K, and assets of $2.0M.
Data Sources and Methodology
This transparency report for Craven Community College 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.