Essex Veterans Memorial Hall Inc
Essex Veterans Memorial Hall: Community Hub with Financial Questions
EIN: 222518137 · Centerbrook, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $83K |
| Total Expenses | $21K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $74K |
| Transparency Score | 65/100 |
Is Essex Veterans Memorial Hall Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Essex Veterans Memorial Hall Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Essex Veterans Memorial Hall Inc
Essex Veterans Memorial Hall Inc (EIN: 222518137) is a nonprofit organization based in Centerbrook, CT. The organization reported total revenue of $83K and total assets of $62K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Essex Veterans Memorial Hall Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Essex Veterans Memorial Hall Inc is a micro nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $51K |
| Total Expenses | $21K |
| Surplus / Deficit | +$30K |
| Total Assets | $74K |
| Total Liabilities | $42 |
| Net Assets | $74K |
| Operating Margin | 57.9% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 41.4 months |
Financial Health Grade: A
In 2023, Essex Veterans Memorial Hall Inc reported a surplus of $30K with revenue exceeding expenses, holds 41.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Essex Veterans Memorial Hall Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.0% | -10.1% | +65.6% |
| 2022 | +108.7% | -5.7% | +102.0% |
| 2021 | +4.6% | +9.0% | -12.5% |
| 2020 | -23.3% | -37.4% | -7.1% |
| 2019 | -39.7% | -12.9% | -25.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Essex Veterans Memorial Hall Inc with a Mission Score of 65 out of 100 (Good). 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, Essex Veterans Memorial Hall 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 $30K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting a fully volunteer-run leadership structure.
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 Essex Veterans Memorial Hall Inc's IRS 990 filings:
- Despite being a 'Memorial Hall,' the specific programs and services offered are not detailed in the provided financial data, making impact assessment difficult.
- The organization's net assets have shown inconsistent growth, with a significant jump from $22,197 in 2021 to $44,840 in 2022, then to $74,248 in 2023, without clear explanation for the rapid increase.
- Expenses have often exceeded revenue in several years (e.g., 2021, 2020, 2019), raising questions about long-term financial sustainability without external support or asset drawdowns.
Strengths
The following positive indicators were identified for Essex Veterans Memorial Hall Inc:
- The consistent reporting of $0 for executive compensation demonstrates a strong commitment to volunteer leadership and maximizing resources for the mission.
- The organization has maintained operations for many years, indicating resilience and community support despite fluctuating revenues.
- Recent years (2022, 2023) show positive revenue growth and asset accumulation, suggesting a potential period of renewed financial health.
Frequently Asked Questions about Essex Veterans Memorial Hall Inc
Is Essex Veterans Memorial Hall Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Essex Veterans Memorial Hall Inc (EIN: 222518137) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Essex Veterans Memorial Hall Inc spend its money?
Essex Veterans Memorial Hall Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Essex Veterans Memorial Hall Inc tax-deductible?
Essex Veterans Memorial Hall Inc is registered as a tax-exempt nonprofit (EIN: 222518137). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Essex Veterans Memorial Hall Inc CEO make?
Essex Veterans Memorial Hall Inc's highest-compensated officer earns $0 annually. The organization reported $83K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Essex Veterans Memorial Hall Inc's spending goes to programs?
Essex Veterans Memorial Hall Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Essex Veterans Memorial Hall Inc located?
Essex Veterans Memorial Hall Inc is headquartered in Centerbrook, Connecticut and files with the IRS under EIN 222518137.
How many years of IRS 990 filings does Essex Veterans Memorial Hall Inc have?
Essex Veterans Memorial Hall Inc 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 $83K in total revenue.
What does Essex Veterans Memorial Hall Inc do?
Essex Veterans Memorial Hall Inc is a nonprofit organization in the Unknown sector, located in Centerbrook, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Essex Veterans Memorial Hall Inc have?
Essex Veterans Memorial Hall Inc reported total revenue of $83,252. Based on 13 IRS 990 filings on record.
What are Essex Veterans Memorial Hall Inc's total assets?
Essex Veterans Memorial Hall Inc holds total assets of $61,658 as reported in IRS 990 filings.
Where is Essex Veterans Memorial Hall Inc located?
Essex Veterans Memorial Hall Inc is based in Centerbrook, Connecticut.
What is Essex Veterans Memorial Hall Inc's EIN?
Essex Veterans Memorial Hall Inc's Employer Identification Number (EIN) is 222518137. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Essex Veterans Memorial Hall Inc?
Essex Veterans Memorial Hall Inc is classified under NTEE code Unknown (Unknown).
Is Essex Veterans Memorial Hall Inc a registered 501(c)(3)?
Essex Veterans Memorial Hall Inc appears in IRS records (EIN: 222518137). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Essex Veterans Memorial Hall Inc file IRS Form 990?
Yes, Essex Veterans Memorial Hall Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Essex Veterans Memorial Hall Inc's revenue in 2023?
In the 202312 filing period, Essex Veterans Memorial Hall Inc reported total revenue of $51,022, total expenses of $21,499, and net assets of $74,248.
Is Essex Veterans Memorial Hall Inc's revenue growing or declining?
Essex Veterans Memorial Hall Inc's revenue is growing. Revenue went from $46,398 (202212) to $51,022 (202312), a +10.0% change. Based on 13 filings on record.
What is Essex Veterans Memorial Hall Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Essex Veterans Memorial Hall Inc covers tax period 202312. It shows revenue of $51,022, expenses of $21,499, total assets of $74,248, and liabilities of $42.
How much does Essex Veterans Memorial Hall Inc spend on programs vs administration?
Based on IRS 990 analysis, Essex Veterans Memorial Hall Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Essex Veterans Memorial Hall Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Essex Veterans Memorial Hall Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Essex Veterans Memorial Hall Inc?
The following concerns were identified: Despite being a 'Memorial Hall,' the specific programs and services offered are not detailed in the provided financial data, making impact assessment difficult.. The organization's net assets have shown inconsistent growth, with a significant jump from $22,197 in 2021 to $44,840 in 2022, then to $74,248 in 2023, without clear explanation for the rapid increase.. Expenses have often exceeded revenue in several years (e.g., 2021, 2020, 2019), raising questions about long-term financial sustainability without external support or asset drawdowns.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Essex Veterans Memorial Hall Inc's strengths?
Positive indicators for Essex Veterans Memorial Hall Inc include: The consistent reporting of $0 for executive compensation demonstrates a strong commitment to volunteer leadership and maximizing resources for the mission.. The organization has maintained operations for many years, indicating resilience and community support despite fluctuating revenues.. Recent years (2022, 2023) show positive revenue growth and asset accumulation, suggesting a potential period of renewed financial health.. These findings are derived from AI analysis of the organization's financial filings.
How does Essex Veterans Memorial Hall Inc compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting a fully volunteer-run leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'Memorial Hall' designation, what specific community programs or veteran support services does Essex Veterans Memorial Hall Inc. provide, and how are these reflected in the 'program service expenses' which are not explicitly broken out in the provided data?
Without detailed program expense breakdowns, it's challenging to ascertain the direct impact of the organization's activities. The 'expenses' reported in the filings likely encompass operational costs for maintaining the hall and any events, but specific programmatic spending remains opaque.
What factors contributed to the significant increase in net assets from $22,197 in 2021 to $74,248 in 2023, especially considering the fluctuating revenues and occasional expense overruns in prior years?
The rapid growth in net assets suggests either substantial non-operating income (e.g., large donations, grants not reflected in 'revenue'), significant cost-cutting measures, or a reclassification of assets. Further investigation into specific funding sources or asset acquisitions would be necessary.
Filing History
IRS 990 filing history for Essex Veterans Memorial Hall Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Essex Veterans Memorial Hall Inc's revenue has declined by 24.5%, moving from $68K to $51K. Total assets increased by 137.1% over the same period, from $31K to $74K. Total functional expenses fell by 69.5%, from $70K to $21K. In its most recent filing year (2023), Essex Veterans Memorial Hall Inc reported a surplus of $30K, with revenue exceeding expenses. The organization holds $42 in liabilities against $74K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $74K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $51K | $21K | $74K | $42 | — | — |
| 2022 | $46K | $24K | $45K | $158 | — | View 990 |
| 2021 | $22K | $25K | $22K | $0 | — | — |
| 2020 | $21K | $23K | $25K | $63 | — | View 990 |
| 2019 | $28K | $37K | $27K | $0 | — | View 990 |
| 2018 | $46K | $43K | $37K | $0 | — | View 990 |
| 2017 | $66K | $50K | $34K | $548 | — | View 990 |
| 2016 | $20K | $26K | $18K | $547 | — | View 990 |
| 2015 | $-1,500 | $309 | $21K | $460 | — | View 990 |
| 2014 | $21K | $19K | $23K | $460 | — | View 990 |
| 2013 | $10K | $17K | $21K | $321 | — | View 990 |
| 2012 | $13K | $17K | $27K | $459 | — | View 990 |
| 2011 | $68K | $70K | $31K | $324 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $51K, expenses of $21K, and assets of $74K (revenue +10.0% year-over-year).
- 2022: Revenue of $46K, expenses of $24K, and assets of $45K (revenue +108.7% year-over-year).
- 2021: Revenue of $22K, expenses of $25K, and assets of $22K (revenue +4.6% year-over-year).
- 2020: Revenue of $21K, expenses of $23K, and assets of $25K (revenue -23.3% year-over-year).
- 2019: Revenue of $28K, expenses of $37K, and assets of $27K (revenue -39.7% year-over-year).
- 2018: Revenue of $46K, expenses of $43K, and assets of $37K (revenue -30.8% year-over-year).
- 2017: Revenue of $66K, expenses of $50K, and assets of $34K (revenue +228.1% year-over-year).
- 2016: Revenue of $20K, expenses of $26K, and assets of $18K.
- 2015: Revenue of $-1,500, expenses of $309, and assets of $21K (revenue -107.0% year-over-year).
- 2014: Revenue of $21K, expenses of $19K, and assets of $23K (revenue +106.0% year-over-year).
- 2013: Revenue of $10K, expenses of $17K, and assets of $21K (revenue -18.8% year-over-year).
- 2012: Revenue of $13K, expenses of $17K, and assets of $27K (revenue -81.0% year-over-year).
- 2011: Revenue of $68K, expenses of $70K, and assets of $31K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Essex Veterans Memorial Hall Inc:
Data Sources and Methodology
This transparency report for Essex Veterans Memorial Hall 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.