Griggs Steele Empowerment Zone Inc
EIN: 450453134 · Finley, ND · NTEE: S32
| Metric | Value |
|---|---|
| Total Revenue | $296K |
| Total Expenses | $224K |
| Net Assets | $5.0M |
Is Griggs Steele Empowerment Zone Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Griggs Steele Empowerment Zone Inc
Griggs Steele Empowerment Zone Inc (EIN: 450453134) is a nonprofit organization based in Finley, ND, classified under NTEE code S32. The organization reported total revenue of $296K and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Griggs Steele Empowerment Zone Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Griggs Steele Empowerment Zone Inc is a small nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $203K |
| Total Expenses | $224K |
| Surplus / Deficit | $-20,844 |
| Total Assets | $5.0M |
| Total Liabilities | $12K |
| Net Assets | $5.0M |
| Operating Margin | -10.3% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 266.9 months |
Financial Health Grade: B
In 2023, Griggs Steele Empowerment Zone Inc reported a deficit of $21K with expenses exceeding revenue, holds 266.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Griggs Steele Empowerment Zone Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.3% | -10.2% | -0.1% |
| 2022 | -1.1% | -14.1% | -0.7% |
| 2021 | -30.2% | +17.9% | -2.6% |
| 2019 | -550.3% | -3.1% | -15.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Griggs Steele Empowerment Zone Inc 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 Griggs Steele Empowerment Zone Inc 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 $21K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about Griggs Steele Empowerment Zone Inc
Is Griggs Steele Empowerment Zone Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Griggs Steele Empowerment Zone Inc (EIN: 450453134) insufficient data. 0 red flags identified, 0 strengths noted.
How does Griggs Steele Empowerment Zone Inc spend its money?
Detailed spending breakdown data is not yet available for Griggs Steele Empowerment Zone Inc. Check back for updated IRS 990 analysis.
Are donations to Griggs Steele Empowerment Zone Inc tax-deductible?
Griggs Steele Empowerment Zone Inc is registered as a tax-exempt nonprofit (EIN: 450453134). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Griggs Steele Empowerment Zone Inc located?
Griggs Steele Empowerment Zone Inc is headquartered in Finley, North Dakota and files with the IRS under EIN 450453134. It is classified under NTEE code S32.
How many years of IRS 990 filings does Griggs Steele Empowerment Zone Inc have?
Griggs Steele Empowerment Zone 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 $296K in total revenue.
Filing History
IRS 990 filing history for Griggs Steele Empowerment Zone Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Griggs Steele Empowerment Zone Inc's revenue has grown by 12.3%, moving from $181K to $203K. Total assets decreased by 34.2% over the same period, from $7.6M to $5.0M. Total functional expenses fell by 45.1%, from $408K to $224K. In its most recent filing year (2023), Griggs Steele Empowerment Zone Inc reported a deficit of $21K, with expenses exceeding revenue. The organization holds $12K in liabilities against $5.0M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $203K | $224K | $5.0M | $12K | — | — |
| 2022 | $161K | $249K | $5.0M | $11K | — | View 990 |
| 2021 | $163K | $290K | $5.0M | $13K | — | View 990 |
| 2020 | $233K | $246K | $5.2M | $13K | — | — |
| 2019 | $-544,975 | $307K | $5.2M | $10K | — | View 990 |
| 2018 | $121K | $316K | $6.2M | $20K | — | View 990 |
| 2017 | $593K | $302K | $6.6M | $18K | — | — |
| 2016 | $444K | $320K | $6.3M | $20K | — | View 990 |
| 2015 | $214K | $778K | $6.2M | $26K | — | View 990 |
| 2014 | $178K | $284K | $6.7M | $19K | — | View 990 |
| 2013 | $188K | $273K | $7.3M | $459K | — | View 990 |
| 2012 | $181K | $378K | $7.4M | $471K | — | View 990 |
| 2011 | $181K | $408K | $7.6M | $493K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $203K, expenses of $224K, and assets of $5.0M (revenue +26.3% year-over-year).
- 2022: Revenue of $161K, expenses of $249K, and assets of $5.0M (revenue -1.1% year-over-year).
- 2021: Revenue of $163K, expenses of $290K, and assets of $5.0M (revenue -30.2% year-over-year).
- 2020: Revenue of $233K, expenses of $246K, and assets of $5.2M.
- 2019: Revenue of $-544,975, expenses of $307K, and assets of $5.2M (revenue -550.3% year-over-year).
- 2018: Revenue of $121K, expenses of $316K, and assets of $6.2M (revenue -79.6% year-over-year).
- 2017: Revenue of $593K, expenses of $302K, and assets of $6.6M (revenue +33.6% year-over-year).
- 2016: Revenue of $444K, expenses of $320K, and assets of $6.3M (revenue +107.4% year-over-year).
- 2015: Revenue of $214K, expenses of $778K, and assets of $6.2M (revenue +19.9% year-over-year).
- 2014: Revenue of $178K, expenses of $284K, and assets of $6.7M (revenue -4.9% year-over-year).
- 2013: Revenue of $188K, expenses of $273K, and assets of $7.3M (revenue +3.5% year-over-year).
- 2012: Revenue of $181K, expenses of $378K, and assets of $7.4M (revenue +0.2% year-over-year).
- 2011: Revenue of $181K, expenses of $408K, and assets of $7.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Griggs Steele Empowerment Zone Inc:
Data Sources and Methodology
This transparency report for Griggs Steele Empowerment Zone 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.