Iowa Simmental Association Inc
EIN: 262695454 · Mitchellville, IA · NTEE: K99
| Metric | Value |
|---|---|
| Total Revenue | $176 |
| Total Expenses | $134K |
| Net Assets | $78K |
Is Iowa Simmental Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Iowa Simmental Association Inc
Iowa Simmental Association Inc (EIN: 262695454) is a nonprofit organization based in Mitchellville, IA, classified under NTEE code K99. The organization reported total revenue of $176 and total assets of $74K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iowa Simmental Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iowa Simmental Association Inc is a micro nonprofit that has been operating for 11 years, with 10 years of IRS 990 filings on record (2008–2023). Revenue has grown at a compound annual rate of 41.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $178K |
| Total Expenses | $134K |
| Surplus / Deficit | +$44K |
| Total Assets | $78K |
| Net Assets | $78K |
| Operating Margin | 24.8% |
| Months of Reserves | 7.0 months |
Financial Health Grade: A
In 2023, Iowa Simmental Association Inc reported a surplus of $44K with revenue exceeding expenses, holds 7.0 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2008–2023), Iowa Simmental Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 41.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +71.1% | -5.7% | +210.3% |
| 2016 | +995.7% | +5291.3% | -60.2% |
| 2015 | +73046.2% | +524.4% | +12.3% |
| 2013 | -100.0% | +113.1% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Iowa Simmental Association 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 Iowa Simmental Association 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 surplus of $44K, with revenue exceeding expenses.
Frequently Asked Questions about Iowa Simmental Association Inc
Is Iowa Simmental Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Iowa Simmental Association Inc (EIN: 262695454) insufficient data. 0 red flags identified, 0 strengths noted.
How does Iowa Simmental Association Inc spend its money?
Detailed spending breakdown data is not yet available for Iowa Simmental Association Inc. Check back for updated IRS 990 analysis.
Are donations to Iowa Simmental Association Inc tax-deductible?
Iowa Simmental Association Inc is registered as a tax-exempt nonprofit (EIN: 262695454). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Iowa Simmental Association Inc located?
Iowa Simmental Association Inc is headquartered in Mitchellville, Iowa and files with the IRS under EIN 262695454. It is classified under NTEE code K99.
How many years of IRS 990 filings does Iowa Simmental Association Inc have?
Iowa Simmental Association Inc has 10 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 $176 in total revenue.
Filing History
IRS 990 filing history for Iowa Simmental Association Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2008–2023), Iowa Simmental Association Inc's revenue has grown by 17725.2%, moving from $1K to $178K. Total assets increased by 41461.5% over the same period, from $187 to $78K. Total functional expenses rose by 16377%, from $813 to $134K. In its most recent filing year (2023), Iowa Simmental Association Inc reported a surplus of $44K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $178K | $134K | $78K | $0 | — | — |
| 2016 | $104K | $142K | $25K | $0 | — | — |
| 2015 | $10K | $3K | $63K | $0 | — | View 990 |
| 2014 | $13 | $422 | $56K | $0 | — | View 990 |
| 2013 | $0 | $2K | $56K | $0 | — | View 990 |
| 2012 | $500 | $881 | $58K | $0 | — | View 990 |
| 2011 | $300 | $5K | $59K | $0 | — | View 990 |
| 2010 | $93K | $76K | $63K | $0 | — | View 990 |
| 2009 | $48K | $2K | $46K | $0 | — | View 990 |
| 2008 | $1K | $813 | $187 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $178K, expenses of $134K, and assets of $78K (revenue +71.1% year-over-year).
- 2016: Revenue of $104K, expenses of $142K, and assets of $25K (revenue +995.7% year-over-year).
- 2015: Revenue of $10K, expenses of $3K, and assets of $63K (revenue +73046.2% year-over-year).
- 2014: Revenue of $13, expenses of $422, and assets of $56K.
- 2013: Revenue of $0, expenses of $2K, and assets of $56K (revenue -100.0% year-over-year).
- 2012: Revenue of $500, expenses of $881, and assets of $58K (revenue +66.7% year-over-year).
- 2011: Revenue of $300, expenses of $5K, and assets of $59K (revenue -99.7% year-over-year).
- 2010: Revenue of $93K, expenses of $76K, and assets of $63K (revenue +95.9% year-over-year).
- 2009: Revenue of $48K, expenses of $2K, and assets of $46K (revenue +4662.4% year-over-year).
- 2008: Revenue of $1K, expenses of $813, and assets of $187.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iowa Simmental Association Inc:
Data Sources and Methodology
This transparency report for Iowa Simmental Association 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.