Minnesota Eye Foundation
Minnesota Eye Foundation faces recurring deficits, drawing down assets despite zero executive compensation.
EIN: 201500262 · Minnetonka, MN · NTEE: H41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $146K |
| Total Expenses | $155K |
| Program Spending | 80% |
| Net Assets | $118K |
| Transparency Score | 70/100 |
Is Minnesota Eye Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Minnesota Eye Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Minnesota Eye Foundation
Minnesota Eye Foundation (EIN: 201500262) is a nonprofit organization based in Minnetonka, MN, classified under NTEE code H41. The organization reported total revenue of $146K and total assets of $120K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Minnesota Eye Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Minnesota Eye Foundation is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $112K |
| Total Expenses | $155K |
| Surplus / Deficit | $-42,581 |
| Total Assets | $152K |
| Total Liabilities | $34K |
| Net Assets | $118K |
| Operating Margin | -38.0% |
| Debt-to-Asset Ratio | 22.4% |
| Months of Reserves | 11.8 months |
Financial Health Grade: B
In 2023, Minnesota Eye Foundation reported a deficit of $43K with expenses exceeding revenue, holds 11.8 months of operating reserves (strong position), has a debt-to-asset ratio of 22.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Minnesota Eye Foundation's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.0% | -25.1% | -12.9% |
| 2022 | +398.0% | +1061.4% | -23.3% |
| 2021 | +88.6% | -59.1% | +6.1% |
| 2020 | -90.4% | -72.1% | -9.4% |
| 2019 | +30.5% | +12.6% | +6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Minnesota Eye Foundation with a Mission Score of 70 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Minnesota Eye Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $43K, with expenses exceeding revenue.
- Debt-to-asset ratio: 22.4%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a strong positive for resource allocation.
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 Minnesota Eye Foundation's IRS 990 filings:
- Recurring financial deficits (e.g., 202312: $112,114 revenue vs. $154,695 expenses)
- Declining asset base over recent years (e.g., $237,094 in 201912 to $152,172 in 202312)
- Significant increase in liabilities in the most recent filing ($34,093 in 202312)
Strengths
The following positive indicators were identified for Minnesota Eye Foundation:
- Consistent IRS 990 filing history, indicating transparency
- 0% officer compensation reported across all filings, suggesting efficient use of funds at the executive level
- Long operational history with 13 filings, demonstrating sustained activity
Frequently Asked Questions about Minnesota Eye Foundation
Is Minnesota Eye Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Minnesota Eye Foundation (EIN: 201500262) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Minnesota Eye Foundation spend its money?
Minnesota Eye Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Minnesota Eye Foundation tax-deductible?
Minnesota Eye Foundation is registered as a tax-exempt nonprofit (EIN: 201500262). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Minnesota Eye Foundation's spending goes to programs?
Minnesota Eye Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Minnesota Eye Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Minnesota Eye Foundation is above average for NTEE category H41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Minnesota Eye Foundation located?
Minnesota Eye Foundation is headquartered in Minnetonka, Minnesota and files with the IRS under EIN 201500262. It is classified under NTEE code H41.
How many years of IRS 990 filings does Minnesota Eye Foundation have?
Minnesota Eye Foundation 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 $146K in total revenue.
What is the detailed breakdown of program expenses versus administrative and fundraising costs?
Without a detailed functional expense statement from the 990, it's difficult to provide exact percentages. However, based on the consistent 0% officer compensation, it's reasonable to infer a strong program focus, though overall spending efficiency could be improved by addressing recurring deficits.
How does the organization plan to address its recurring financial deficits?
The organization has experienced several periods where expenses exceeded revenue, notably in 202312, 202212, and 202012. A strategy to increase revenue or reduce expenses would be crucial for long-term financial stability.
What caused the significant increase in liabilities to $34,093 in 202312?
The liabilities increased substantially from $4,889 in 202212 to $34,093 in 202312. Understanding the nature of these liabilities (e.g., accounts payable, deferred revenue, loans) is important for assessing financial risk.
Filing History
IRS 990 filing history for Minnesota Eye Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Minnesota Eye Foundation's revenue has grown by 130.7%, moving from $49K to $112K. Total assets increased by 98.8% over the same period, from $77K to $152K. Total functional expenses rose by 216.4%, from $49K to $155K. In its most recent filing year (2023), Minnesota Eye Foundation reported a deficit of $43K, with expenses exceeding revenue. The organization holds $34K in liabilities against $152K in assets (debt-to-asset ratio: 22.4%), resulting in net assets of $118K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $112K | $155K | $152K | $34K | — | — |
| 2022 | $154K | $207K | $175K | $5K | — | View 990 |
| 2021 | $31K | $18K | $228K | $5K | — | View 990 |
| 2020 | $16K | $44K | $215K | $5K | — | View 990 |
| 2019 | $170K | $156K | $237K | $0 | — | — |
| 2018 | $130K | $139K | $223K | $0 | — | View 990 |
| 2017 | $169K | $157K | $232K | $0 | — | View 990 |
| 2016 | $174K | $162K | $219K | $0 | — | View 990 |
| 2015 | $171K | $117K | $208K | $0 | — | View 990 |
| 2014 | $179K | $101K | $154K | $0 | — | View 990 |
| 2013 | $110K | $95K | $76K | $0 | — | View 990 |
| 2012 | $61K | $77K | $61K | $0 | — | View 990 |
| 2011 | $49K | $49K | $77K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $112K, expenses of $155K, and assets of $152K (revenue -27.0% year-over-year).
- 2022: Revenue of $154K, expenses of $207K, and assets of $175K (revenue +398.0% year-over-year).
- 2021: Revenue of $31K, expenses of $18K, and assets of $228K (revenue +88.6% year-over-year).
- 2020: Revenue of $16K, expenses of $44K, and assets of $215K (revenue -90.4% year-over-year).
- 2019: Revenue of $170K, expenses of $156K, and assets of $237K (revenue +30.5% year-over-year).
- 2018: Revenue of $130K, expenses of $139K, and assets of $223K (revenue -22.9% year-over-year).
- 2017: Revenue of $169K, expenses of $157K, and assets of $232K (revenue -2.7% year-over-year).
- 2016: Revenue of $174K, expenses of $162K, and assets of $219K (revenue +1.4% year-over-year).
- 2015: Revenue of $171K, expenses of $117K, and assets of $208K (revenue -4.6% year-over-year).
- 2014: Revenue of $179K, expenses of $101K, and assets of $154K (revenue +63.5% year-over-year).
- 2013: Revenue of $110K, expenses of $95K, and assets of $76K (revenue +78.9% year-over-year).
- 2012: Revenue of $61K, expenses of $77K, and assets of $61K (revenue +26.2% year-over-year).
- 2011: Revenue of $49K, expenses of $49K, and assets of $77K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Minnesota Eye Foundation:
Data Sources and Methodology
This transparency report for Minnesota Eye 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.