Morning Sun Community School District Veba Trust
EIN: 472316720 · Morning Sun, IA · NTEE: Y44
| Metric | Value |
|---|---|
| Total Revenue | $27K |
| Total Expenses | $21K |
| Net Assets | $109K |
Is Morning Sun Community School District Veba Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Morning Sun Community School District Veba Trust
Morning Sun Community School District Veba Trust (EIN: 472316720) is a nonprofit organization based in Morning Sun, IA, classified under NTEE code Y44. The organization reported total revenue of $27K and total assets of $109K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morning Sun Community School District Veba Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morning Sun Community School District Veba Trust is a micro nonprofit that has been operating for 11 years, with 10 years of IRS 990 filings on record (2015–2024). Revenue has grown at a compound annual rate of -5.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $27K |
| Total Expenses | $21K |
| Surplus / Deficit | +$5K |
| Total Assets | $109K |
| Net Assets | $109K |
| Operating Margin | 20.0% |
| Months of Reserves | 61.5 months |
Financial Health Grade: A
In 2024, Morning Sun Community School District Veba Trust reported a surplus of $5K with revenue exceeding expenses, holds 61.5 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2015–2024), Morning Sun Community School District Veba Trust's revenue has declined at a compound annual growth rate (CAGR) of -5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +830.0% | +81.1% | +5.1% |
| 2023 | +148.4% | +16.4% | -7.9% |
| 2022 | -4.5% | +66.7% | -7.4% |
| 2021 | -32.8% | -55.8% | -3.8% |
| 2020 | -95.1% | +179.5% | -8.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Morning Sun Community School District Veba Trust 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 Morning Sun Community School District Veba Trust 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
Frequently Asked Questions about Morning Sun Community School District Veba Trust
Is Morning Sun Community School District Veba Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Morning Sun Community School District Veba Trust (EIN: 472316720) insufficient data. 0 red flags identified, 0 strengths noted.
How does Morning Sun Community School District Veba Trust spend its money?
Detailed spending breakdown data is not yet available for Morning Sun Community School District Veba Trust. Check back for updated IRS 990 analysis.
Are donations to Morning Sun Community School District Veba Trust tax-deductible?
Morning Sun Community School District Veba Trust is registered as a tax-exempt nonprofit (EIN: 472316720). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Morning Sun Community School District Veba Trust located?
Morning Sun Community School District Veba Trust is headquartered in Morning Sun, Iowa and files with the IRS under EIN 472316720. It is classified under NTEE code Y44.
How many years of IRS 990 filings does Morning Sun Community School District Veba Trust have?
Morning Sun Community School District Veba Trust 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 $27K in total revenue.
Filing History
IRS 990 filing history for Morning Sun Community School District Veba Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2015–2024), Morning Sun Community School District Veba Trust's revenue has declined by 39.2%, moving from $44K to $27K. Total assets increased by 10.8% over the same period, from $99K to $109K. Total functional expenses fell by 1%, from $22K to $21K. In its most recent filing year (2024), Morning Sun Community School District Veba Trust reported a surplus of $5K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $27K | $21K | $109K | $0 | — | — |
| 2023 | $3K | $12K | $104K | $0 | — | — |
| 2022 | $1K | $10K | $113K | $0 | — | — |
| 2021 | $1K | $6K | $122K | $0 | — | — |
| 2020 | $2K | $14K | $127K | $0 | — | View 990 |
| 2019 | $37K | $5K | $139K | $0 | — | View 990 |
| 2018 | $36K | $7K | $107K | $0 | — | View 990 |
| 2017 | $1K | $27K | $78K | $0 | — | View 990 |
| 2016 | $44K | $39K | $103K | $0 | — | View 990 |
| 2015 | $44K | $22K | $99K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $27K, expenses of $21K, and assets of $109K (revenue +830.0% year-over-year).
- 2023: Revenue of $3K, expenses of $12K, and assets of $104K (revenue +148.4% year-over-year).
- 2022: Revenue of $1K, expenses of $10K, and assets of $113K (revenue -4.5% year-over-year).
- 2021: Revenue of $1K, expenses of $6K, and assets of $122K (revenue -32.8% year-over-year).
- 2020: Revenue of $2K, expenses of $14K, and assets of $127K (revenue -95.1% year-over-year).
- 2019: Revenue of $37K, expenses of $5K, and assets of $139K (revenue +1.5% year-over-year).
- 2018: Revenue of $36K, expenses of $7K, and assets of $107K (revenue +2493.9% year-over-year).
- 2017: Revenue of $1K, expenses of $27K, and assets of $78K (revenue -96.8% year-over-year).
- 2016: Revenue of $44K, expenses of $39K, and assets of $103K (revenue +0.5% year-over-year).
- 2015: Revenue of $44K, expenses of $22K, and assets of $99K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morning Sun Community School District Veba Trust:
Data Sources and Methodology
This transparency report for Morning Sun Community School District Veba Trust 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.