Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass
Scholarship organization consistently spends more than it earns, drawing down its asset base.
EIN: 203802786 · Milwaukee, WI · NTEE: B119 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $687K |
| Total Expenses | $122K |
| Program Spending | 90% |
| Net Assets | $1.2M |
| Transparency Score | 75/100 |
Is Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass
Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass (EIN: 203802786) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code B119. The organization reported total revenue of $687K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $30K |
| Total Expenses | $122K |
| Surplus / Deficit | $-91,689 |
| Total Assets | $1.2M |
| Net Assets | $1.2M |
| Operating Margin | -302.1% |
| Months of Reserves | 113.6 months |
Financial Health Grade: B
In 2023, Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass reported a deficit of $92K with expenses exceeding revenue, holds 113.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass's revenue has declined at a compound annual growth rate (CAGR) of -6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -73.8% | -12.2% | -7.5% |
| 2022 | +139.5% | +4.8% | -1.8% |
| 2021 | +4.5% | +6.1% | -6.2% |
| 2020 | -32.5% | +8.0% | -5.5% |
| 2019 | -65.3% | -3.5% | -3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass with a Mission Score of 75 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $92K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based. This is a highly positive indicator of efficiency and dedication, as no funds are diverted from the mission to executive salaries.
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 Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass's IRS 990 filings:
- Consistent deficit spending, with expenses exceeding revenue in most recent years (e.g., 2023 expenses $122,040 vs. revenue $30,351).
- Declining asset base over the past decade, from $1,609,467 in 2014 to $1,154,876 in 2023, indicating reliance on endowment drawdowns.
- Lack of detailed expense breakdown beyond total expenses makes it difficult to fully assess program efficiency versus other costs.
Strengths
The following positive indicators were identified for Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass:
- 100% volunteer leadership with 0% officer compensation, demonstrating high efficiency and dedication.
- Strong asset base ($1,154,876 in 2023) provides a buffer despite recent deficits.
- Consistent filing history (13 filings) indicates transparency and compliance.
- No reported liabilities, suggesting sound financial management in terms of debt.
Frequently Asked Questions about Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass
Is Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass a legitimate charity?
Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass (EIN: 203802786) is a registered tax-exempt nonprofit based in Wisconsin. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $687K. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass spend its money?
Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass tax-deductible?
Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass is registered as a tax-exempt nonprofit (EIN: 203802786). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass compare to similar nonprofits?
With a transparency score of 75/100 (Good), Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass is above average for NTEE category B119 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass located?
Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 203802786. It is classified under NTEE code B119.
How many years of IRS 990 filings does Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass have?
Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass 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 $687K in total revenue.
Is Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass a good charity?
The organization appears to be a good charity in terms of its mission focus and volunteer leadership. It consistently provides scholarships, as evidenced by its expenses. However, its financial sustainability is a concern due to consistent deficit spending, which is drawing down its asset base.
How does the organization fund its operations?
The organization primarily funds its operations and scholarships through its existing asset base, as its expenses have consistently exceeded its revenue in recent years. For example, in 2023, revenue was $30,351 while expenses were $122,040, with the difference covered by its assets.
What is the trend in the organization's assets?
The organization's assets have been on a declining trend, from $1,609,467 in 2014 to $1,154,876 in 2023, indicating that it is drawing down its endowment to cover expenses.
Does the organization pay its officers?
No, the organization consistently reports 0% officer compensation in all available IRS 990 filings, suggesting a volunteer-led structure.
Filing History
IRS 990 filing history for Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass's revenue has declined by 53.5%, moving from $65K to $30K. Total assets decreased by 27.8% over the same period, from $1.6M to $1.2M. Total functional expenses rose by 65.5%, from $74K to $122K. In its most recent filing year (2023), Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass reported a deficit of $92K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $30K | $122K | $1.2M | $0 | — | View 990 |
| 2022 | $116K | $139K | $1.2M | $0 | — | View 990 |
| 2021 | $48K | $133K | $1.3M | $0 | — | View 990 |
| 2020 | $46K | $125K | $1.4M | $0 | — | View 990 |
| 2019 | $69K | $116K | $1.4M | $0 | — | View 990 |
| 2018 | $198K | $120K | $1.5M | $0 | — | View 990 |
| 2017 | $66K | $115K | $1.4M | $0 | — | — |
| 2016 | $19K | $103K | $1.5M | $0 | — | View 990 |
| 2015 | $85K | $151K | $1.5M | $360 | — | View 990 |
| 2014 | $97K | $112K | $1.6M | $603 | — | View 990 |
| 2013 | $154K | $101K | $1.6M | $69 | — | View 990 |
| 2012 | $64K | $94K | $1.6M | $0 | — | View 990 |
| 2011 | $65K | $74K | $1.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $30K, expenses of $122K, and assets of $1.2M (revenue -73.8% year-over-year).
- 2022: Revenue of $116K, expenses of $139K, and assets of $1.2M (revenue +139.5% year-over-year).
- 2021: Revenue of $48K, expenses of $133K, and assets of $1.3M (revenue +4.5% year-over-year).
- 2020: Revenue of $46K, expenses of $125K, and assets of $1.4M (revenue -32.5% year-over-year).
- 2019: Revenue of $69K, expenses of $116K, and assets of $1.4M (revenue -65.3% year-over-year).
- 2018: Revenue of $198K, expenses of $120K, and assets of $1.5M (revenue +198.4% year-over-year).
- 2017: Revenue of $66K, expenses of $115K, and assets of $1.4M (revenue +257.4% year-over-year).
- 2016: Revenue of $19K, expenses of $103K, and assets of $1.5M (revenue -78.1% year-over-year).
- 2015: Revenue of $85K, expenses of $151K, and assets of $1.5M (revenue -12.7% year-over-year).
- 2014: Revenue of $97K, expenses of $112K, and assets of $1.6M (revenue -37.1% year-over-year).
- 2013: Revenue of $154K, expenses of $101K, and assets of $1.6M (revenue +139.7% year-over-year).
- 2012: Revenue of $64K, expenses of $94K, and assets of $1.6M (revenue -1.6% year-over-year).
- 2011: Revenue of $65K, expenses of $74K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass:
Data Sources and Methodology
This transparency report for Howard Kortmeyer Bruce Frank Coonrapids Community Scholarship Ass 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.