Dana College Foundation Inc
Dana College Foundation Inc. maintains stable asset growth with minimal expenses and no officer compensation.
EIN: 205069618 · Blair, NE · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $33K |
| Program Spending | 70% |
| Net Assets | $455K |
| Transparency Score | 85/100 |
Is Dana College Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dana College Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Dana College Foundation Inc
Dana College Foundation Inc (EIN: 205069618) is a nonprofit organization based in Blair, NE, classified under NTEE code T30. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dana College Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dana College Foundation Inc is a micro nonprofit that has been operating for 19 years, with 6 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $50K |
| Total Expenses | $33K |
| Surplus / Deficit | +$18K |
| Total Assets | $455K |
| Net Assets | $455K |
| Operating Margin | 35.1% |
| Months of Reserves | 166.9 months |
Financial Health Grade: A
In 2023, Dana College Foundation Inc reported a surplus of $18K with revenue exceeding expenses, holds 166.9 months of operating reserves (strong position).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.6% | +227.0% | -6.1% |
| 2022 | +10.3% | -39.8% | -12.9% |
| 2021 | +219.9% | -5.7% | +451.6% |
| 2013 | -50.2% | -57.6% | -1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Dana College Foundation Inc with a Mission Score of 85 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Dana College Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $18K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership serves without direct salary from the foundation, which is a positive sign for donor confidence and 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 Dana College Foundation Inc's IRS 990 filings:
- Lack of detailed program spending information, making it hard to assess direct impact.
Strengths
The following positive indicators were identified for Dana College Foundation Inc:
- Consistent asset growth from $100,911 in 2013 to $454,913 in 2023, indicating strong financial management.
- Zero liabilities reported across all recent filings, demonstrating excellent financial health.
- No officer compensation reported, suggesting a volunteer or unpaid leadership structure.
- Expenses consistently lower than revenue, leading to positive net income and asset accumulation.
- Regular IRS 990 filings, indicating good transparency and compliance.
Frequently Asked Questions about Dana College Foundation Inc
Is Dana College Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Dana College Foundation Inc (EIN: 205069618) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Dana College Foundation Inc spend its money?
Dana College Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Dana College Foundation Inc tax-deductible?
Dana College Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205069618). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Dana College Foundation Inc's spending goes to programs?
Dana College Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Dana College Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Dana College Foundation Inc is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Dana College Foundation Inc located?
Dana College Foundation Inc is headquartered in Blair, Nebraska and files with the IRS under EIN 205069618. It is classified under NTEE code T30.
How many years of IRS 990 filings does Dana College Foundation Inc have?
Dana College Foundation Inc has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What is the specific purpose of the Dana College Foundation Inc. given Dana College's closure?
While the filings indicate the foundation's existence, the specific current activities or beneficiaries of its assets are not detailed in the provided financial data, especially since Dana College closed in 2010. Further investigation into its current charter or grant-making activities would be needed.
How does the foundation utilize its growing assets for charitable purposes?
The financial data primarily shows asset accumulation and minimal expenses. The specific mechanisms through which these assets are deployed for charitable purposes (e.g., scholarships, grants to other educational institutions) are not explicitly detailed in the provided IRS 990 summaries.
What is the source of the foundation's revenue?
The IRS 990 data shows consistent revenue (e.g., $50,380 in 2023, $57,000 in 2022), but the specific breakdown of these revenues (e.g., investment income, donations) is not provided in this summary. Given the asset base, investment income is a likely significant component.
Filing History
IRS 990 filing history for Dana College Foundation Inc showing financial trends over 6 years of public records:
Total assets increased by 175% over the same period, from $165K to $455K. Total functional expenses fell by 94.7%, from $618K to $33K. In its most recent filing year (2023), Dana College Foundation Inc reported a surplus of $18K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $50K | $33K | $455K | $0 | — | View 990 |
| 2022 | $57K | $10K | $485K | $0 | — | — |
| 2021 | $52K | $17K | $557K | $0 | — | — |
| 2013 | $16K | $18K | $101K | $0 | — | View 990 |
| 2012 | $32K | $41K | $102K | $0 | — | View 990 |
| 2011 | $-5,297 | $618K | $165K | $54K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $50K, expenses of $33K, and assets of $455K (revenue -11.6% year-over-year).
- 2022: Revenue of $57K, expenses of $10K, and assets of $485K (revenue +10.3% year-over-year).
- 2021: Revenue of $52K, expenses of $17K, and assets of $557K (revenue +219.9% year-over-year).
- 2013: Revenue of $16K, expenses of $18K, and assets of $101K (revenue -50.2% year-over-year).
- 2012: Revenue of $32K, expenses of $41K, and assets of $102K.
- 2011: Revenue of $-5,297, expenses of $618K, and assets of $165K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dana College Foundation Inc:
Data Sources and Methodology
This transparency report for Dana College Foundation 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.