Economic Development Corporation Of Colgate
Economic Development Corporation Of Colgate maintains stable finances with no officer compensation.
EIN: 200909997 · Hope, ND · NTEE: S31 · Updated: 2026-03-28
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Economic Development Corporation Of Colgate is mapped to EIN 200909997.
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5 stored filing years available.
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90% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $45K |
| Total Expenses | $18K |
| Program Spending | 90% |
| Net Assets | $122K |
| Transparency Score | 85/100 |
Search Intent Cockpit
Economic Development Corporation Of Colgate Form 990, Revenue, CEO Pay, and IRS Filing Signals
Economic Development Corporation Of Colgate is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Economic Development Corporation Of Colgate in one place.
Form 990 Filing Summary
5 filing years are available, with latest revenue of $39K and expenses of $18K.
Revenue and Expenses
Economic Development Corporation Of Colgate reported $39K in revenue and $18K in expenses, a surplus of $22K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Economic Development Corporation Of Colgate Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $16K (90%) |
Across stored filings, Economic Development Corporation Of Colgate shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 5 stored filing years |
| Peer context | Compare with State Risk And Insurance Management Association | North Dakota and Community Improvement context |
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Economic Development Corporation Of Colgate directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Economic Development Corporation Of Colgate
Economic Development Corporation Of Colgate (EIN: 200909997) is a nonprofit organization based in Hope, ND, classified under NTEE code S31. The organization reported total revenue of $45K and total assets of $261K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Economic Development Corporation Of Colgate's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Economic Development Corporation Of Colgate is a micro nonprofit that has been operating for 5 years, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $39K |
| Total Expenses | $18K |
| Surplus / Deficit | +$22K |
| Total Assets | $289K |
| Total Liabilities | $168K |
| Net Assets | $122K |
| Operating Margin | 55.2% |
| Debt-to-Asset Ratio | 58.0% |
| Months of Reserves | 197.7 months |
Financial Health Grade: A
In 2015, Economic Development Corporation Of Colgate reported a surplus of $22K with revenue exceeding expenses, holds 197.7 months of operating reserves (strong position), has a debt-to-asset ratio of 58.0% (high leverage).
Financial Trends
Over 5 years of filings (2011–2015), Economic Development Corporation Of Colgate's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +8.4% | -47.0% | -3.0% |
| 2014 | -6.5% | +68.7% | -4.9% |
| 2013 | +11.1% | -10.1% | -2.9% |
| 2012 | -3.1% | -39.6% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
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 Economic Development Corporation Of Colgate 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Economic Development Corporation Of Colgate 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 (2015)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $22K, with revenue exceeding expenses.
- Debt-to-asset ratio: 58.0%.
Executive Compensation Analysis
Executive compensation is 0% across all reported periods, indicating that no officers or key employees are compensated, which is highly favorable for an organization of this size and suggests a volunteer-driven leadership.
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 Economic Development Corporation Of Colgate:
- Consistent positive net income in most periods (e.g., 2015: $39,184 revenue vs. $17,568 expenses).
- No officer compensation reported across all filings, indicating efficient use of funds.
- Assets consistently exceed liabilities, demonstrating financial stability (e.g., 2015: $289,381 assets vs. $167,835 liabilities).
- Stable revenue generation for an organization of its size.
- Low administrative overhead implied by the absence of officer compensation and generally low expenses relative to revenue.
Frequently Asked Questions about Economic Development Corporation Of Colgate
Is Economic Development Corporation Of Colgate a legitimate charity?
Economic Development Corporation Of Colgate (EIN: 200909997) is a registered tax-exempt nonprofit based in North Dakota. Our AI analysis gives it a Mission Score of 85/100. It has 5 years of IRS 990 filings on record. Total revenue: $45K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Economic Development Corporation Of Colgate spend its money?
Economic Development Corporation Of Colgate directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Economic Development Corporation Of Colgate tax-deductible?
Economic Development Corporation Of Colgate is registered as a tax-exempt nonprofit (EIN: 200909997). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Economic Development Corporation Of Colgate compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Economic Development Corporation Of Colgate is above average for NTEE category S31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Economic Development Corporation Of Colgate located?
Economic Development Corporation Of Colgate is headquartered in Hope, North Dakota and files with the IRS under EIN 200909997. It is classified under NTEE code S31.
How many years of IRS 990 filings does Economic Development Corporation Of Colgate have?
Economic Development Corporation Of Colgate has 5 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 $45K in total revenue.
Is Economic Development Corporation Of Colgate a good charity?
Based on the provided data, the Economic Development Corporation Of Colgate appears to be a well-managed organization with strong financial health, no executive compensation, and consistent asset growth relative to its liabilities. Its focus on economic development in Hope, ND, aligns with its NTEE code S31.
How has the organization's revenue trended over time?
The organization's revenue has shown some fluctuation but generally remained stable, ranging from $34,779 in 2012 to $44,555 in the latest period, with a peak of $39,184 in 2015.
What is the organization's asset-to-liability ratio?
In the latest period, assets are $261,458. While liabilities are not provided for the latest period, historical data shows assets consistently exceeding liabilities, for example, $289,381 in assets vs. $167,835 in liabilities in 2015, indicating a healthy financial position.
Filing History
IRS 990 filing history for Economic Development Corporation Of Colgate showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Economic Development Corporation Of Colgate's revenue has grown by 9.2%, moving from $36K to $39K. Total assets decreased by 12.2% over the same period, from $330K to $289K. Total functional expenses fell by 51.4%, from $36K to $18K. In its most recent filing year (2015), Economic Development Corporation Of Colgate reported a surplus of $22K, with revenue exceeding expenses. The organization holds $168K in liabilities against $289K in assets (debt-to-asset ratio: 58.0%), resulting in net assets of $122K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $39K | $18K | $289K | $168K | — | View 990 |
| 2014 | $36K | $33K | $298K | $198K | — | View 990 |
| 2013 | $39K | $20K | $313K | $217K | — | View 990 |
| 2012 | $35K | $22K | $323K | $245K | — | View 990 |
| 2011 | $36K | $36K | $330K | $265K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $39K, expenses of $18K, and assets of $289K (revenue +8.4% year-over-year).
- 2014: Revenue of $36K, expenses of $33K, and assets of $298K (revenue -6.5% year-over-year).
- 2013: Revenue of $39K, expenses of $20K, and assets of $313K (revenue +11.1% year-over-year).
- 2012: Revenue of $35K, expenses of $22K, and assets of $323K (revenue -3.1% year-over-year).
- 2011: Revenue of $36K, expenses of $36K, and assets of $330K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Economic Development Corporation Of Colgate:
Data Sources and Methodology
This transparency report for Economic Development Corporation Of Colgate 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.