Middlesboro Independent Schools Tr Foundation

Middlesboro Independent Schools Tr Foundation shows fluctuating revenue and expenses, with consistent volunteer leadership.

EIN: 141846453 · Middlesboro, KY · NTEE: B112 · Updated: 2026-03-28

$12KRevenue
$104KAssets
85/100Mission Score (Excellent)
B112

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Middlesboro Independent Schools Tr Foundation Financial Summary
MetricValue
Total Revenue$12K
Total Expenses$8K
Program Spending90%
Net Assets$103K
Transparency Score85/100

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Middlesboro Independent Schools Tr Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Middlesboro Independent Schools Tr Foundation 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 Middlesboro Independent Schools Tr Foundation in one place.

Form 990 Filing Summary

10 filing years are available, with latest revenue of $2K and expenses of $8K.

Revenue and Expenses

Middlesboro Independent Schools Tr Foundation reported $2K in revenue and $8K in expenses, a deficit of $5K.

Executive Compensation

Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.

Charity Score and Red Flags

85/100 mission score, 1 red flag, and 3 strengths are shown from structured and AI review.

Is Middlesboro Independent Schools Tr Foundation Legit?

Some Concerns

GoodFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
1 FoundRed Flags

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

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
90%Program Expense
$0Grants Paid
10Stored Filing Years

Revenue Source Mix

Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.

Expense Deployment

Middlesboro Independent Schools Tr Foundation Expense Deployment
Program services$7K (90%)

Across stored filings, Middlesboro Independent Schools Tr Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Middlesboro Independent Schools Tr Foundation Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacySome ConcernsGood filing record; 1 red flag identified
Mission spend90% to programsExcellent
Financial durabilityGrade B10 stored filing years
Peer contextCompare with Carriage Museum Of AmericaKentucky and Education context

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Middlesboro Independent Schools Tr Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Middlesboro Independent Schools Tr Foundation

Middlesboro Independent Schools Tr Foundation (EIN: 141846453) is a nonprofit organization based in Middlesboro, KY, classified under NTEE code B112. The organization reported total revenue of $12K and total assets of $104K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Middlesboro Independent Schools Tr Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

22Years Operating
MicroSize Classification
10Years of Filings
MixedRevenue Trajectory

Middlesboro Independent Schools Tr Foundation is a micro nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$2K
Total Expenses$8K
Surplus / Deficit$-5,304
Total Assets$103K
Total Liabilities$1
Net Assets$103K
Operating Margin-214.9%
Debt-to-Asset Ratio0.0%
Months of Reserves159.7 months

Financial Health Grade: B

In 2023, Middlesboro Independent Schools Tr Foundation reported a deficit of $5K with expenses exceeding revenue, holds 159.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).

Financial Trends

Over 10 years of filings (2011–2023), Middlesboro Independent Schools Tr Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.

YearRevenue ChangeExpense ChangeAsset Change
2023-69.8%+289.2%-4.9%
2022+42.2%-47.5%+6.0%
2021+12.3%-18.6%+1.9%
2020+61.1%-12.1%+22.1%
2016-12.2%-29.2%-2.5%

IRS Tax-Exempt Classification

IRS Classification Codes1000
IRS Ruling Date2004

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

The Middlesboro Independent Schools Tr Foundation demonstrates consistent financial activity, albeit on a small scale. With latest reported revenue of $11,768 and assets of $103,768, the organization maintains a modest financial footprint. Over the past decade, its revenue has fluctuated, with a notable dip in 2023 where expenses ($7,772) exceeded revenue ($2,468). However, the foundation consistently reports zero officer compensation, indicating a volunteer-driven leadership structure which is a positive sign for donor confidence and efficient use of funds. The organization's liabilities have remained minimal, typically $1, suggesting sound financial management regarding debt. Spending efficiency appears to be a mixed bag. While the absence of officer compensation is excellent, the 2023 filing shows a significant deficit where expenses were over three times revenue. This could indicate a strategic draw-down of reserves for program delivery or an anomaly. However, in other years, such as 2022, revenue ($8,165) significantly outpaced expenses ($1,997), allowing for asset growth. The NTEE code B112 suggests a focus on elementary and secondary education, and without detailed expense breakdowns, it's assumed the majority of spending is directed towards these programs. Transparency is generally good, with consistent 990 filings available. The consistent reporting of zero officer compensation enhances transparency regarding leadership costs. Given the small scale, the foundation appears to operate with a lean administrative structure. Further detailed expense breakdowns in future filings would provide even greater insight into program versus administrative spending.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Middlesboro Independent Schools Tr Foundation 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: 90%
  • fundraising: 0%

According to IRS 990 filings, Middlesboro Independent Schools Tr Foundation 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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

$2KTotal Revenue
$8KTotal Expenses
$103KTotal Assets
$1Total Liabilities
$103KNet Assets
  • The organization reported a deficit of $5K, with expenses exceeding revenue.
  • Debt-to-asset ratio: 0.0%.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient 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 Middlesboro Independent Schools Tr Foundation's IRS 990 filings:

  • Significant deficit in 2023 where expenses ($7,772) greatly exceeded revenue ($2,468).

Strengths

The following positive indicators were identified for Middlesboro Independent Schools Tr Foundation:

  • Consistent 0% officer compensation, indicating volunteer leadership.
  • Maintains a stable asset base, currently $103,768, despite fluctuating annual revenues.
  • Minimal liabilities ($1 reported in recent years), suggesting sound financial management.

Frequently Asked Questions about Middlesboro Independent Schools Tr Foundation

Is Middlesboro Independent Schools Tr Foundation a legitimate charity?

Middlesboro Independent Schools Tr Foundation (EIN: 141846453) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $12K. 1 red flag identified. 3 strengths noted. Financial health grade: B.

How does Middlesboro Independent Schools Tr Foundation spend its money?

Middlesboro Independent Schools Tr Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.

Are donations to Middlesboro Independent Schools Tr Foundation tax-deductible?

Middlesboro Independent Schools Tr Foundation is registered as a tax-exempt nonprofit (EIN: 141846453). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

How does Middlesboro Independent Schools Tr Foundation compare to similar nonprofits?

With a transparency score of 85/100 (Excellent), Middlesboro Independent Schools Tr Foundation is above average for NTEE category B112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is Middlesboro Independent Schools Tr Foundation located?

Middlesboro Independent Schools Tr Foundation is headquartered in Middlesboro, Kentucky and files with the IRS under EIN 141846453. It is classified under NTEE code B112.

How many years of IRS 990 filings does Middlesboro Independent Schools Tr Foundation have?

Middlesboro Independent Schools Tr Foundation 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 $12K in total revenue.

Is Middlesboro Independent Schools Tr Foundation a good charity?

Based on the available data, the foundation appears to be a good charity, especially given its volunteer leadership (0% officer compensation) and consistent asset base. Its small scale and focus on local education suggest direct impact, though spending efficiency varies year-to-year.

What caused the significant expense increase in 2023 relative to revenue?

In 2023, the foundation reported expenses of $7,772 against revenue of $2,468. Without detailed expense breakdowns, it's unclear if this was a planned program expenditure drawing from reserves or an unusual operational cost.

How does the foundation primarily generate its revenue?

The filings indicate fluctuating revenue, ranging from $1,874 to $10,519. While the specific sources aren't detailed in the summary, for a foundation of this type, it typically comes from donations, grants, and investment income.

Filing History

IRS 990 filing history for Middlesboro Independent Schools Tr Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Middlesboro Independent Schools Tr Foundation's revenue has grown by 31.7%, moving from $2K to $2K. Total assets increased by 43.2% over the same period, from $72K to $103K. Total functional expenses rose by 902.8%, from $775 to $8K. In its most recent filing year (2023), Middlesboro Independent Schools Tr Foundation reported a deficit of $5K, with expenses exceeding revenue. The organization holds $1 in liabilities against $103K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $103K.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
2023 $2K $8K $103K $1 View 990
2022 $8K $2K $109K $1 View 990
2021 $6K $4K $103K $1
2020 $5K $5K $101K $1
2016 $3K $5K $82K $0 View 990
2015 $4K $8K $85K $0 View 990
2014 $11K $1K $88K $0 View 990
2013 $10K $3K $79K $0 View 990
2012 $2K $775 $0 $0 View 990
2011 $2K $775 $72K $0 View 990

Year-by-Year Financial Summary

  • 2023: Revenue of $2K, expenses of $8K, and assets of $103K (revenue -69.8% year-over-year).
  • 2022: Revenue of $8K, expenses of $2K, and assets of $109K (revenue +42.2% year-over-year).
  • 2021: Revenue of $6K, expenses of $4K, and assets of $103K (revenue +12.3% year-over-year).
  • 2020: Revenue of $5K, expenses of $5K, and assets of $101K (revenue +61.1% year-over-year).
  • 2016: Revenue of $3K, expenses of $5K, and assets of $82K (revenue -12.2% year-over-year).
  • 2015: Revenue of $4K, expenses of $8K, and assets of $85K (revenue -65.7% year-over-year).
  • 2014: Revenue of $11K, expenses of $1K, and assets of $88K (revenue +6.9% year-over-year).
  • 2013: Revenue of $10K, expenses of $3K, and assets of $79K (revenue +425.1% year-over-year).
  • 2012: Revenue of $2K, expenses of $775, and assets of $0 (revenue +0.0% year-over-year).
  • 2011: Revenue of $2K, expenses of $775, and assets of $72K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Middlesboro Independent Schools Tr Foundation:

2023 Filing 2022 Filing 2021 Filing 2020 Filing 2016 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing 2011 Filing

Data Sources and Methodology

This transparency report for Middlesboro Independent Schools Tr 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.

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