Education Foundation Of Bloomington
EIN: 411568904 · Bloomington, MN
| Metric | Value |
|---|---|
| Total Revenue | $143K |
| Total Expenses | $177K |
| Net Assets | $1.8M |
Is Education Foundation Of Bloomington Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Education Foundation Of Bloomington
Education Foundation Of Bloomington (EIN: 411568904) is a nonprofit organization based in Bloomington, MN. The organization reported total revenue of $143K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Education Foundation Of Bloomington's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Education Foundation Of Bloomington is a small nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $166K |
| Total Expenses | $177K |
| Surplus / Deficit | $-10,731 |
| Total Assets | $1.8M |
| Net Assets | $1.8M |
| Operating Margin | -6.4% |
| Months of Reserves | 124.1 months |
Financial Health Grade: B
In 2023, Education Foundation Of Bloomington reported a deficit of $11K with expenses exceeding revenue, holds 124.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Education Foundation Of Bloomington's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.4% | -30.6% | +4.2% |
| 2022 | -86.7% | +171.7% | -7.3% |
| 2021 | +1186.0% | -38.3% | +494.3% |
| 2020 | +51.2% | -5.7% | -7.8% |
| 2019 | -45.2% | +38.1% | -18.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Education Foundation Of Bloomington 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 Education Foundation Of Bloomington 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 deficit of $11K, with expenses exceeding revenue.
Frequently Asked Questions about Education Foundation Of Bloomington
Is Education Foundation Of Bloomington a legitimate charity?
Education Foundation Of Bloomington (EIN: 411568904) is a registered tax-exempt nonprofit based in Minnesota. It has 13 years of IRS 990 filings on record. Total revenue: $143K. No red flags identified. Financial health grade: B.
How does Education Foundation Of Bloomington spend its money?
Education Foundation Of Bloomington reported $143K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Education Foundation Of Bloomington tax-deductible?
Education Foundation Of Bloomington is registered as a tax-exempt nonprofit (EIN: 411568904). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Education Foundation Of Bloomington located?
Education Foundation Of Bloomington is headquartered in Bloomington, Minnesota and files with the IRS under EIN 411568904.
How many years of IRS 990 filings does Education Foundation Of Bloomington have?
Education Foundation Of Bloomington 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 $143K in total revenue.
Filing History
IRS 990 filing history for Education Foundation Of Bloomington showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Education Foundation Of Bloomington's revenue has grown by 41.3%, moving from $118K to $166K. Total assets increased by 573.7% over the same period, from $272K to $1.8M. Total functional expenses rose by 110.9%, from $84K to $177K. In its most recent filing year (2023), Education Foundation Of Bloomington reported a deficit of $11K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $166K | $177K | $1.8M | $0 | — | — |
| 2022 | $214K | $255K | $1.8M | $0 | — | View 990 |
| 2021 | $1.6M | $94K | $1.9M | $0 | — | — |
| 2020 | $125K | $152K | $319K | $183K | — | View 990 |
| 2019 | $83K | $162K | $346K | $0 | — | View 990 |
| 2018 | $151K | $117K | $422K | $0 | — | — |
| 2017 | $209K | $152K | $374K | $0 | — | View 990 |
| 2016 | $93K | $92K | $317K | $0 | — | View 990 |
| 2015 | $107K | $97K | $316K | $0 | — | View 990 |
| 2014 | $78K | $64K | $306K | $0 | — | View 990 |
| 2013 | $49K | $80K | $265K | $0 | — | View 990 |
| 2012 | $78K | $69K | $278K | $0 | — | View 990 |
| 2011 | $118K | $84K | $272K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $166K, expenses of $177K, and assets of $1.8M (revenue -22.4% year-over-year).
- 2022: Revenue of $214K, expenses of $255K, and assets of $1.8M (revenue -86.7% year-over-year).
- 2021: Revenue of $1.6M, expenses of $94K, and assets of $1.9M (revenue +1186.0% year-over-year).
- 2020: Revenue of $125K, expenses of $152K, and assets of $319K (revenue +51.2% year-over-year).
- 2019: Revenue of $83K, expenses of $162K, and assets of $346K (revenue -45.2% year-over-year).
- 2018: Revenue of $151K, expenses of $117K, and assets of $422K (revenue -27.6% year-over-year).
- 2017: Revenue of $209K, expenses of $152K, and assets of $374K (revenue +125.8% year-over-year).
- 2016: Revenue of $93K, expenses of $92K, and assets of $317K (revenue -13.8% year-over-year).
- 2015: Revenue of $107K, expenses of $97K, and assets of $316K (revenue +37.5% year-over-year).
- 2014: Revenue of $78K, expenses of $64K, and assets of $306K (revenue +61.1% year-over-year).
- 2013: Revenue of $49K, expenses of $80K, and assets of $265K (revenue -38.2% year-over-year).
- 2012: Revenue of $78K, expenses of $69K, and assets of $278K (revenue -33.4% year-over-year).
- 2011: Revenue of $118K, expenses of $84K, and assets of $272K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Education Foundation Of Bloomington:
Data Sources and Methodology
This transparency report for Education Foundation Of Bloomington 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.