Millard Business
Millard Business shows recent financial recovery after several years of deficits, with no reported officer compensation.
EIN: 200083632 · Omaha, NE · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $66K |
| Total Expenses | $55K |
| Program Spending | 85% |
| Net Assets | $40K |
| Transparency Score | 80/100 |
Is Millard Business Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Millard Business directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Millard Business
Millard Business (EIN: 200083632) is a nonprofit organization based in Omaha, NE, classified under NTEE code S41. The organization reported total revenue of $66K and total assets of $48K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Millard Business's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Millard Business is a micro nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $75K |
| Total Expenses | $55K |
| Surplus / Deficit | +$20K |
| Total Assets | $40K |
| Net Assets | $40K |
| Operating Margin | 27.1% |
| Months of Reserves | 8.8 months |
Financial Health Grade: A
In 2023, Millard Business reported a surplus of $20K with revenue exceeding expenses, holds 8.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Millard Business's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.9% | -36.3% | +95.2% |
| 2022 | -0.3% | +14.6% | -52.8% |
| 2021 | +100.8% | +68.8% | -19.5% |
| 2020 | -64.6% | -40.3% | -19.6% |
| 2019 | +56.6% | +45.6% | +28.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2004 |
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 Millard Business with a Mission Score of 80 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Millard Business allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. 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 surplus of $20K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive compensation from the organization. This is highly favorable for spending efficiency and suggests a volunteer-driven leadership model.
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 Millard Business's IRS 990 filings:
- Inconsistent financial performance with deficits in 2020, 2021, and 2022
Strengths
The following positive indicators were identified for Millard Business:
- Zero officer compensation across all reported periods
- Positive net income and zero liabilities in the latest filing (2023)
- Consistent IRS 990 filing history demonstrating transparency
- Strong asset position relative to liabilities in recent years
Frequently Asked Questions about Millard Business
Is Millard Business a legitimate charity?
Based on AI analysis of IRS 990 filings, Millard Business (EIN: 200083632) some concerns. Mission Score: 80/100. 1 red flag identified, 4 strengths noted.
How does Millard Business spend its money?
Millard Business directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Millard Business tax-deductible?
Millard Business is registered as a tax-exempt nonprofit (EIN: 200083632). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Millard Business compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Millard Business is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Millard Business located?
Millard Business is headquartered in Omaha, Nebraska and files with the IRS under EIN 200083632. It is classified under NTEE code S41.
How many years of IRS 990 filings does Millard Business have?
Millard Business has 13 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 $66K in total revenue.
Is Millard Business a good charity?
Based on the available financial data, Millard Business appears to be a well-managed organization with a strong commitment to financial efficiency, particularly given its 0% officer compensation. While it experienced some financial deficits in prior years, the latest filing shows a healthy surplus and zero liabilities. Its effectiveness as a 'charity' depends on its program impact, which isn't fully detailed in the financial data alone, but its financial health is generally positive.
How has Millard Business's financial health changed over time?
Millard Business has experienced fluctuations in its financial health. It had strong surpluses in 2017 and 2019, followed by deficits from 2020 to 2022. The latest filing for 2023 shows a significant recovery with a surplus of $20,469 ($75,425 revenue - $54,956 expenses) and zero liabilities, indicating improved financial stability.
What is the trend in Millard Business's assets and liabilities?
Assets have fluctuated, ranging from a low of $20,580 in 2022 to a high of $67,357 in 2019. The latest filing shows assets at $40,177. Liabilities have generally been very low or zero, with the latest filing reporting $0 in liabilities, which is a strong indicator of financial solvency.
Filing History
IRS 990 filing history for Millard Business showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Millard Business's revenue has grown by 60%, moving from $47K to $75K. Total assets increased by 37.6% over the same period, from $29K to $40K. Total functional expenses rose by 22.8%, from $45K to $55K. In its most recent filing year (2023), Millard Business reported a surplus of $20K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $75K | $55K | $40K | $0 | — | — |
| 2022 | $63K | $86K | $21K | $872 | — | View 990 |
| 2021 | $64K | $75K | $44K | $1K | — | — |
| 2020 | $32K | $45K | $54K | $70 | — | View 990 |
| 2019 | $90K | $75K | $67K | $362 | — | View 990 |
| 2018 | $57K | $51K | $53K | $314 | — | View 990 |
| 2017 | $79K | $55K | $46K | $0 | — | — |
| 2016 | $46K | $58K | $22K | $0 | — | View 990 |
| 2015 | $63K | $63K | $34K | $0 | — | View 990 |
| 2014 | $77K | $75K | $35K | $0 | — | View 990 |
| 2013 | $74K | $76K | $33K | $221 | — | View 990 |
| 2012 | $58K | $49K | $36K | $221 | — | View 990 |
| 2011 | $47K | $45K | $29K | $221 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $75K, expenses of $55K, and assets of $40K (revenue +18.9% year-over-year).
- 2022: Revenue of $63K, expenses of $86K, and assets of $21K (revenue -0.3% year-over-year).
- 2021: Revenue of $64K, expenses of $75K, and assets of $44K (revenue +100.8% year-over-year).
- 2020: Revenue of $32K, expenses of $45K, and assets of $54K (revenue -64.6% year-over-year).
- 2019: Revenue of $90K, expenses of $75K, and assets of $67K (revenue +56.6% year-over-year).
- 2018: Revenue of $57K, expenses of $51K, and assets of $53K (revenue -27.9% year-over-year).
- 2017: Revenue of $79K, expenses of $55K, and assets of $46K (revenue +71.8% year-over-year).
- 2016: Revenue of $46K, expenses of $58K, and assets of $22K (revenue -26.4% year-over-year).
- 2015: Revenue of $63K, expenses of $63K, and assets of $34K (revenue -19.1% year-over-year).
- 2014: Revenue of $77K, expenses of $75K, and assets of $35K (revenue +5.1% year-over-year).
- 2013: Revenue of $74K, expenses of $76K, and assets of $33K (revenue +27.8% year-over-year).
- 2012: Revenue of $58K, expenses of $49K, and assets of $36K (revenue +22.1% year-over-year).
- 2011: Revenue of $47K, expenses of $45K, and assets of $29K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Millard Business:
Data Sources and Methodology
This transparency report for Millard Business 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.