James C Semerad Foundation C/O Ms Mary Morinelli
James C Semerad Foundation consistently spent more than its revenue, drawing down assets from $2.05M to $1.93M between 2011 and 2015.
EIN: 202286666 · Omaha, NE · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $159K |
| Program Spending | 75% |
| Net Assets | $1.9M |
| Transparency Score | 65/100 |
Is James C Semerad Foundation C/O Ms Mary Morinelli Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
James C Semerad Foundation C/O Ms Mary Morinelli directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About James C Semerad Foundation C/O Ms Mary Morinelli
James C Semerad Foundation C/O Ms Mary Morinelli (EIN: 202286666) is a nonprofit organization based in Omaha, NE. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of James C Semerad Foundation C/O Ms Mary Morinelli's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
James C Semerad Foundation C/O Ms Mary Morinelli is a small nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 19.1%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $112K |
| Total Expenses | $159K |
| Surplus / Deficit | $-47,178 |
| Total Assets | $1.9M |
| Net Assets | $1.9M |
| Operating Margin | -42.1% |
| Months of Reserves | 145.2 months |
Financial Health Grade: B
In 2015, James C Semerad Foundation C/O Ms Mary Morinelli reported a deficit of $47K with expenses exceeding revenue, holds 145.2 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2011–2015), James C Semerad Foundation C/O Ms Mary Morinelli's revenue has grown at a compound annual growth rate (CAGR) of 19.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -50.5% | -37.3% | -2.2% |
| 2014 | +81.4% | +63.6% | -1.4% |
| 2013 | +14.5% | +18.3% | -1.3% |
| 2012 | +95.5% | +13.6% | -1.1% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates James C Semerad Foundation C/O Ms Mary Morinelli 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, James C Semerad Foundation C/O Ms Mary Morinelli allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $47K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reported 0% officer compensation across all available filings, indicating no direct salary payments to executives from the foundation's funds, which is highly efficient in terms of executive pay.
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 James C Semerad Foundation C/O Ms Mary Morinelli's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) across all reported periods, leading to asset depletion.
- Discrepancy between historical filing data and 'Latest Revenue: $0, Assets: $0' information, suggesting a potential data error or significant unclarified change.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering efficiency assessment.
Strengths
The following positive indicators were identified for James C Semerad Foundation C/O Ms Mary Morinelli:
- Consistent IRS 990 filing history for the periods provided (2011-2015).
- Zero officer compensation reported, indicating efficient use of funds regarding executive pay.
- Maintained a substantial asset base (over $1.9 million) through 2015, suggesting long-term financial stability despite deficit spending.
Frequently Asked Questions about James C Semerad Foundation C/O Ms Mary Morinelli
Is James C Semerad Foundation C/O Ms Mary Morinelli a legitimate charity?
Based on AI analysis of IRS 990 filings, James C Semerad Foundation C/O Ms Mary Morinelli (EIN: 202286666) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does James C Semerad Foundation C/O Ms Mary Morinelli spend its money?
James C Semerad Foundation C/O Ms Mary Morinelli directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to James C Semerad Foundation C/O Ms Mary Morinelli tax-deductible?
James C Semerad Foundation C/O Ms Mary Morinelli is registered as a tax-exempt nonprofit (EIN: 202286666). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of James C Semerad Foundation C/O Ms Mary Morinelli's spending goes to programs?
James C Semerad Foundation C/O Ms Mary Morinelli directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is James C Semerad Foundation C/O Ms Mary Morinelli located?
James C Semerad Foundation C/O Ms Mary Morinelli is headquartered in Omaha, Nebraska and files with the IRS under EIN 202286666.
How many years of IRS 990 filings does James C Semerad Foundation C/O Ms Mary Morinelli have?
James C Semerad Foundation C/O Ms Mary Morinelli has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What caused the discrepancy in the latest reported revenue and assets being $0 compared to historical filings?
The provided data shows 'Latest Revenue: $0' and 'Assets: $0', which directly contradicts the historical IRS 990 filings where revenue ranged from $55,676 to $226,072 and assets from $1,926,327 to $2,046,416. This discrepancy needs clarification to understand the organization's current status.
What are the specific program activities and their associated costs?
The provided data lacks a detailed breakdown of expenses into program services, administrative, and fundraising. Without this, it's impossible to assess how effectively the foundation is spending its funds on its stated mission.
Is the foundation still active and filing IRS Form 990s after 2015?
The latest filing period provided is 201512. Given the 'Latest Revenue: $0' and 'Assets: $0' information, it's unclear if the foundation ceased operations or if more recent filings exist that would clarify its current financial standing.
Filing History
IRS 990 filing history for James C Semerad Foundation C/O Ms Mary Morinelli showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), James C Semerad Foundation C/O Ms Mary Morinelli's revenue has grown by 101.1%, moving from $56K to $112K. Total assets decreased by 5.9% over the same period, from $2.0M to $1.9M. Total functional expenses rose by 37.9%, from $115K to $159K. In its most recent filing year (2015), James C Semerad Foundation C/O Ms Mary Morinelli reported a deficit of $47K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $112K | $159K | $1.9M | $0 | — | View 990 |
| 2014 | $226K | $254K | $2.0M | $0 | — | View 990 |
| 2013 | $125K | $155K | $2.0M | $0 | — | View 990 |
| 2012 | $109K | $131K | $2.0M | $0 | — | View 990 |
| 2011 | $56K | $115K | $2.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $112K, expenses of $159K, and assets of $1.9M (revenue -50.5% year-over-year).
- 2014: Revenue of $226K, expenses of $254K, and assets of $2.0M (revenue +81.4% year-over-year).
- 2013: Revenue of $125K, expenses of $155K, and assets of $2.0M (revenue +14.5% year-over-year).
- 2012: Revenue of $109K, expenses of $131K, and assets of $2.0M (revenue +95.5% year-over-year).
- 2011: Revenue of $56K, expenses of $115K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for James C Semerad Foundation C/O Ms Mary Morinelli:
Data Sources and Methodology
This transparency report for James C Semerad Foundation C/O Ms Mary Morinelli 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.