Margert Community Corporation

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Margert Community Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Margert Community Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Margert Community Corporation in one place.

Is Margert Community Corporation Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

Across stored filings, Margert Community Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Margert Community Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Margert Community Corporation

Margert Community Corporation (EIN: 112534700) is a nonprofit organization based in Far Rockaway, NY, classified under NTEE code L81Z. The organization reported total revenue of $2.7M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Margert Community Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Margert Community Corporation is a mid-size nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.7%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Margert Community Corporation reported a deficit of $26K with expenses exceeding revenue, holds 13.0 months of operating reserves (strong position), has a debt-to-asset ratio of 25.9% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Margert Community Corporation's revenue has declined at a compound annual growth rate (CAGR) of -4.7%.

IRS Tax-Exempt Classification

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 Margert Community Corporation with a Mission Score of 85 out of 100 (Excellent). 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: 85%
• fundraising: 5%

According to IRS 990 filings, Margert Community Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $26K, with expenses exceeding revenue.
• Debt-to-asset ratio: 25.9%.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led executive structure or that compensation is categorized differently, which is a strong positive for directing funds to programs.

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 Margert Community Corporation's IRS 990 filings:

• Unusually high liabilities relative to assets in some periods (e.g., 201503, 201403)
• Lack of detailed spending breakdown (program vs. admin vs. fundraising) in provided data, making efficiency analysis difficult without assumptions.

Strengths

The following positive indicators were identified for Margert Community Corporation:

• Consistent reporting of 0% officer compensation, indicating strong commitment to mission-focused spending.
• Steady growth in assets, reaching $3,529,623 in 202303, demonstrating financial stability.
• Consistent revenue generation, with an upward trend in recent years, indicating sustainable operations.
• Positive net assets (Assets > Liabilities) in most recent filings, showing financial health.

Frequently Asked Questions about Margert Community Corporation

Filing History

IRS 990 filing history for Margert Community Corporation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Margert Community Corporation's revenue has declined by 43.6%, moving from $5.7M to $3.2M. Total assets increased by 88.7% over the same period, from $1.9M to $3.5M. Total functional expenses fell by 42.1%, from $5.6M to $3.3M. In its most recent filing year (2023), Margert Community Corporation reported a deficit of $26K, with expenses exceeding revenue. The organization holds $913K in liabilities against $3.5M in assets (debt-to-asset ratio: 25.9%), resulting in net assets of $2.6M.

Year-by-Year Financial Summary

• 2023: Revenue of $3.2M, expenses of $3.3M, and assets of $3.5M (revenue +55.0% year-over-year).
• 2022: Revenue of $2.1M, expenses of $2.0M, and assets of $3.3M (revenue +20.0% year-over-year).
• 2021: Revenue of $1.7M, expenses of $1.7M, and assets of $2.9M (revenue +14.3% year-over-year).
• 2020: Revenue of $1.5M, expenses of $1.5M, and assets of $2.7M (revenue -21.3% year-over-year).
• 2019: Revenue of $1.9M, expenses of $1.9M, and assets of $3.0M (revenue +10.4% year-over-year).
• 2018: Revenue of $1.8M, expenses of $1.8M, and assets of $3.1M (revenue -1.8% year-over-year).
• 2017: Revenue of $1.8M, expenses of $1.7M, and assets of $3.1M (revenue -2.2% year-over-year).
• 2016: Revenue of $1.8M, expenses of $1.8M, and assets of $3.2M (revenue -31.5% year-over-year).
• 2015: Revenue of $2.7M, expenses of $2.6M, and assets of $640K (revenue -23.6% year-over-year).
• 2014: Revenue of $3.5M, expenses of $3.9M, and assets of $745K (revenue -15.9% year-over-year).
• 2013: Revenue of $4.1M, expenses of $4.2M, and assets of $1.1M (revenue -42.3% year-over-year).
• 2012: Revenue of $7.2M, expenses of $7.6M, and assets of $678K (revenue +25.2% year-over-year).
• 2011: Revenue of $5.7M, expenses of $5.6M, and assets of $1.9M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Margert Community Corporation:

Data Sources and Methodology

This transparency report for Margert Community Corporation 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.