Krewe Of Olympus

Krewe Of Olympus reports minimal financial activity with stable assets and no officer compensation in historical filings, but zero revenue and assets in its latest report.

EIN: 208798271 · Diamondhead, MS · NTEE: N50 · Updated: 2026-03-28

$0Revenue

$0Assets

75/100Mission Score (Good)

N50

About Krewe Of Olympus

Krewe Of Olympus (EIN: 208798271) is a nonprofit organization based in Diamondhead, MS, classified under NTEE code N50. 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 Krewe Of Olympus's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Krewe Of Olympus appears to be a very small, community-focused organization with minimal financial activity. Over the past three reported periods (2012-2014), its annual revenue and expenses have consistently hovered around $4,000-$6,000, with assets remaining stable between $17,000 and $18,500. The organization consistently reports zero officer compensation, which is a positive indicator for a small volunteer-run entity, suggesting resources are not being diverted to executive salaries. However, the latest filing shows $0 in both revenue and assets, which could indicate inactivity or a change in reporting status, warranting further investigation.

Given the limited financial data and the nature of the organization (NTEE N50 typically relates to recreational, leisure, or sports clubs), it's challenging to assess spending efficiency in detail without a breakdown of program vs. administrative costs. The consistent reporting of assets and liabilities over the years, with no liabilities, suggests sound financial management for its scale. Transparency is generally good through its consistent 990 filings, but the lack of detailed expense categories in the provided summary limits a deeper analysis of how funds are allocated.

Overall, Krewe Of Olympus seems to be a financially stable, albeit very small, organization based on its historical filings. The zero officer compensation is a strong point. The recent $0 revenue and assets filing is a significant change that needs clarification to fully understand its current operational status.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Krewe Of Olympus 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, Krewe Of Olympus 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.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% of expenses across all available filings, indicating a volunteer-led organization that does not allocate funds to officer salaries, which is commendable for an organization of this size.

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 Krewe Of Olympus's IRS 990 filings:

Latest filing shows $0 revenue and $0 assets, indicating potential inactivity or cessation of operations.

Strengths

The following positive indicators were identified for Krewe Of Olympus:

Consistent reporting of zero officer compensation across all historical filings.
Stable asset base ($17,000-$18,500) and no reported liabilities in historical filings, indicating sound financial management for its size.
Consistent filing of IRS Form 990s, demonstrating transparency.

Frequently Asked Questions about Krewe Of Olympus

What is the reason for the $0 revenue and assets reported in the latest filing?

The provided data shows the latest revenue and assets as $0. This could indicate the organization has ceased operations, is no longer required to file, or there's a data anomaly. Further investigation into the specific filing period for this $0 report would be necessary.

How does Krewe Of Olympus allocate its expenses between program activities and administrative overhead?

Without a detailed breakdown of expenses from the 990 forms, it's difficult to precisely determine the program vs. administrative spending ratio. However, for a small organization with no officer compensation, it's reasonable to assume a high percentage of expenses are directed towards its core activities.

Is the organization still active given the latest $0 financial report?

The $0 revenue and assets in the latest report raise questions about the organization's current operational status. While historical filings show activity, this recent data point suggests potential inactivity or a change in its filing requirements.

Filing History

IRS 990 filing history for Krewe Of Olympus showing financial trends over 3 years of public records:

Over 3 years of IRS 990 filings (2012–2014), Krewe Of Olympus's revenue has grown by 3.5%, moving from $5K to $5K. Total assets decreased by 2% over the same period, from $18K to $18K. Total functional expenses rose by 30.9%, from $4K to $6K. In its most recent filing year (2014), Krewe Of Olympus reported a deficit of $895, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2014	$5K	$6K	$18K	$0	—	View 990
2013	$6K	$5K	$18K	$0	—	View 990
2012	$5K	$4K	$18K	$0	—	View 990

Year-by-Year Financial Summary

2014: Revenue of $5K, expenses of $6K, and assets of $18K (revenue -16.4% year-over-year).
2013: Revenue of $6K, expenses of $5K, and assets of $18K (revenue +23.8% year-over-year).
2012: Revenue of $5K, expenses of $4K, and assets of $18K.

Data Sources and Methodology

This transparency report for Krewe Of Olympus 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.