Nebraska Firefighters Foundations
Nebraska Firefighters Foundations consistently operates at a deficit, drawing down significant assets over the past decade.
EIN: 200396038 · Kearney, NE · NTEE: A50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $142K |
| Total Expenses | $131K |
| Program Spending | 80% |
| Net Assets | $1.2M |
| Transparency Score | 65/100 |
Is Nebraska Firefighters Foundations Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nebraska Firefighters Foundations directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nebraska Firefighters Foundations
Nebraska Firefighters Foundations (EIN: 200396038) is a nonprofit organization based in Kearney, NE, classified under NTEE code A50. The organization reported total revenue of $142K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nebraska Firefighters Foundations's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nebraska Firefighters Foundations is a small nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $126K |
| Total Expenses | $131K |
| Surplus / Deficit | $-5,021 |
| Total Assets | $1.2M |
| Total Liabilities | $657 |
| Net Assets | $1.2M |
| Operating Margin | -4.0% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 109.1 months |
Financial Health Grade: B
In 2023, Nebraska Firefighters Foundations reported a deficit of $5K with expenses exceeding revenue, holds 109.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Nebraska Firefighters Foundations's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.6% | +9.6% | -0.4% |
| 2022 | +8.5% | -8.3% | -2.5% |
| 2021 | -3.7% | +0.3% | -3.6% |
| 2020 | +73.8% | +2.5% | -3.3% |
| 2019 | -49.8% | +9.4% | -5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Nebraska Firefighters Foundations with a Mission Score of 65 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, Nebraska Firefighters Foundations 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 $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for a nonprofit of its 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 Nebraska Firefighters Foundations's IRS 990 filings:
- Consistent operational deficits, with expenses exceeding revenue in nearly all reported periods (e.g., 2023: $130,713 expenses vs. $125,692 revenue).
- Significant decline in total assets over the past decade, from $1,629,420 in 2014 to $1,188,206 in 2023, indicating reliance on reserves.
- Lack of detailed program spending breakdown in available summary data, making it hard to assess program efficiency.
Strengths
The following positive indicators were identified for Nebraska Firefighters Foundations:
- Zero reported officer compensation across all filings, indicating a volunteer-driven leadership and efficient use of funds regarding executive pay.
- Maintains a substantial asset base ($1,101,686 latest reported) despite operational deficits, providing a buffer for continued operations.
- Consistent filing history, demonstrating transparency in reporting to the IRS.
Frequently Asked Questions about Nebraska Firefighters Foundations
Is Nebraska Firefighters Foundations a legitimate charity?
Based on AI analysis of IRS 990 filings, Nebraska Firefighters Foundations (EIN: 200396038) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Nebraska Firefighters Foundations spend its money?
Nebraska Firefighters Foundations directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nebraska Firefighters Foundations tax-deductible?
Nebraska Firefighters Foundations is registered as a tax-exempt nonprofit (EIN: 200396038). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Nebraska Firefighters Foundations's spending goes to programs?
Nebraska Firefighters Foundations directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nebraska Firefighters Foundations compare to similar nonprofits?
With a transparency score of 65/100 (Good), Nebraska Firefighters Foundations is above average for NTEE category A50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nebraska Firefighters Foundations located?
Nebraska Firefighters Foundations is headquartered in Kearney, Nebraska and files with the IRS under EIN 200396038. It is classified under NTEE code A50.
How many years of IRS 990 filings does Nebraska Firefighters Foundations have?
Nebraska Firefighters Foundations has 12 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 $142K in total revenue.
How does the organization cover its consistent operational deficits?
The organization appears to cover its operational deficits by drawing down its substantial asset base, which has decreased from over $1.6 million in 2014 to $1.1 million in 2023.
What is the long-term sustainability plan given the declining assets?
The continuous decline in assets, while expenses consistently exceed revenue, raises questions about the long-term financial sustainability if this trend continues without a significant increase in revenue or reduction in expenses.
Are there any plans to increase revenue or reduce expenses to achieve financial stability?
The filings do not provide explicit details on future financial strategies, but the consistent deficits suggest a need for such plans to ensure the organization's future viability.
What specific programs does the Nebraska Firefighters Foundations fund?
While the NTEE code A50 indicates 'Fire Prevention & Control', the filings do not detail specific program expenditures, making it difficult to assess the direct impact of their spending.
Filing History
IRS 990 filing history for Nebraska Firefighters Foundations showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Nebraska Firefighters Foundations's revenue has grown by 13.7%, moving from $111K to $126K. Total assets decreased by 33.3% over the same period, from $1.8M to $1.2M. Total functional expenses fell by 1.8%, from $133K to $131K. In its most recent filing year (2023), Nebraska Firefighters Foundations reported a deficit of $5K, with expenses exceeding revenue. The organization holds $657 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $126K | $131K | $1.2M | $657 | — | — |
| 2022 | $89K | $119K | $1.2M | $575 | — | View 990 |
| 2021 | $82K | $130K | $1.2M | $2K | — | View 990 |
| 2020 | $86K | $130K | $1.3M | $816 | — | View 990 |
| 2019 | $49K | $126K | $1.3M | $906 | — | View 990 |
| 2018 | $98K | $116K | $1.4M | $806 | — | View 990 |
| 2017 | $65K | $127K | $1.4M | $806 | — | View 990 |
| 2016 | $66K | $140K | $1.5M | $629 | — | View 990 |
| 2015 | $75K | $136K | $1.5M | $1K | — | View 990 |
| 2014 | $61K | $144K | $1.6M | $23K | — | View 990 |
| 2013 | $122K | $154K | $1.7M | $24K | — | View 990 |
| 2012 | $111K | $133K | $1.8M | $62K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $126K, expenses of $131K, and assets of $1.2M (revenue +40.6% year-over-year).
- 2022: Revenue of $89K, expenses of $119K, and assets of $1.2M (revenue +8.5% year-over-year).
- 2021: Revenue of $82K, expenses of $130K, and assets of $1.2M (revenue -3.7% year-over-year).
- 2020: Revenue of $86K, expenses of $130K, and assets of $1.3M (revenue +73.8% year-over-year).
- 2019: Revenue of $49K, expenses of $126K, and assets of $1.3M (revenue -49.8% year-over-year).
- 2018: Revenue of $98K, expenses of $116K, and assets of $1.4M (revenue +51.0% year-over-year).
- 2017: Revenue of $65K, expenses of $127K, and assets of $1.4M (revenue -1.3% year-over-year).
- 2016: Revenue of $66K, expenses of $140K, and assets of $1.5M (revenue -12.5% year-over-year).
- 2015: Revenue of $75K, expenses of $136K, and assets of $1.5M (revenue +22.4% year-over-year).
- 2014: Revenue of $61K, expenses of $144K, and assets of $1.6M (revenue -49.6% year-over-year).
- 2013: Revenue of $122K, expenses of $154K, and assets of $1.7M (revenue +10.4% year-over-year).
- 2012: Revenue of $111K, expenses of $133K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nebraska Firefighters Foundations:
Data Sources and Methodology
This transparency report for Nebraska Firefighters Foundations 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.