Michael L Peterson Foundation
EIN: 882856860 · Cedar Falls, IA · NTEE: T20
About Michael L Peterson Foundation
Michael L Peterson Foundation (EIN: 882856860) is a nonprofit organization based in Cedar Falls, IA, classified under NTEE code T20. The organization reported total revenue of $328K and total assets of $263K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michael L Peterson Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Michael L Peterson Foundation 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 Michael L Peterson Foundation 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.
Filing History
IRS 990 filing history for Michael L Peterson Foundation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Michael L Peterson Foundation's revenue has declined by 91.9%, moving from $2.1M to $173K. Total assets increased by 8.2% over the same period, from $285K to $308K. In its most recent filing year (2023), Michael L Peterson Foundation reported a surplus of $23K, with revenue exceeding expenses. The organization holds $1 in liabilities against $308K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $308K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $173K | $150K | $308K | $1 | — | — |
| 2022 | $2.1M | $0 | $285K | $1 | — | — |
Data Sources and Methodology
This transparency report for Michael L Peterson Foundation 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.