Nellie R Sherwood Trust
EIN: 426061621 · Cedar Rapids, IA · NTEE: Y33Z
Is Nellie R Sherwood Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nellie R Sherwood Trust
Nellie R Sherwood Trust (EIN: 426061621) is a nonprofit organization based in Cedar Rapids, IA, classified under NTEE code Y33Z. The organization reported total revenue of $33K and total assets of $134K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nellie R Sherwood Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nellie R Sherwood Trust is a micro nonprofit that has been operating for 74 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4K |
| Total Expenses | $8K |
| Surplus / Deficit | $-3,905 |
| Total Assets | $129K |
| Total Liabilities | $7K |
| Net Assets | $123K |
| Operating Margin | -96.3% |
| Debt-to-Asset Ratio | 5.2% |
| Months of Reserves | 195.1 months |
Financial Health Grade: B
In 2023, Nellie R Sherwood Trust reported a deficit of $4K with expenses exceeding revenue, holds 195.1 months of operating reserves (strong position), has a debt-to-asset ratio of 5.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nellie R Sherwood Trust's revenue has declined at a compound annual growth rate (CAGR) of -4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -66.7% | -8.8% | -6.3% |
| 2022 | +1.9% | -14.9% | -6.7% |
| 2021 | +61.8% | -2.8% | -4.3% |
| 2020 | +42.1% | -15.0% | +23.5% |
| 2019 | -31.6% | +19.4% | +14.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1952 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nellie R Sherwood 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 Nellie R Sherwood 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.2%.
Frequently Asked Questions about Nellie R Sherwood Trust
Is Nellie R Sherwood Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Nellie R Sherwood Trust (EIN: 426061621) insufficient data. 0 red flags identified, 0 strengths noted.
How does Nellie R Sherwood Trust spend its money?
Detailed spending breakdown data is not yet available for Nellie R Sherwood Trust. Check back for updated IRS 990 analysis.
Are donations to Nellie R Sherwood Trust tax-deductible?
Nellie R Sherwood Trust is registered as a tax-exempt nonprofit (EIN: 426061621). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Nellie R Sherwood Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nellie R Sherwood Trust's revenue has declined by 43%, moving from $7K to $4K. Total assets decreased by 0.2% over the same period, from $130K to $129K. Total functional expenses fell by 65.8%, from $23K to $8K. In its most recent filing year (2023), Nellie R Sherwood Trust reported a deficit of $4K, with expenses exceeding revenue. The organization holds $7K in liabilities against $129K in assets (debt-to-asset ratio: 5.2%), resulting in net assets of $123K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4K | $8K | $129K | $7K | — | — |
| 2022 | $12K | $9K | $138K | $18K | — | View 990 |
| 2021 | $12K | $10K | $148K | $11K | — | — |
| 2020 | $7K | $11K | $155K | $23K | — | View 990 |
| 2019 | $5K | $12K | $125K | $12K | — | View 990 |
| 2018 | $8K | $10K | $109K | $9K | — | View 990 |
| 2017 | $8K | $13K | $127K | $11K | — | View 990 |
| 2016 | $4K | $14K | $143K | $31K | — | View 990 |
| 2015 | $6K | $18K | $128K | $18K | — | View 990 |
| 2014 | $6K | $16K | $116K | $0 | — | View 990 |
| 2013 | $10K | $17K | $126K | $0 | — | View 990 |
| 2012 | $21K | $20K | $125K | $0 | — | View 990 |
| 2011 | $7K | $23K | $130K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4K, expenses of $8K, and assets of $129K (revenue -66.7% year-over-year).
- 2022: Revenue of $12K, expenses of $9K, and assets of $138K (revenue +1.9% year-over-year).
- 2021: Revenue of $12K, expenses of $10K, and assets of $148K (revenue +61.8% year-over-year).
- 2020: Revenue of $7K, expenses of $11K, and assets of $155K (revenue +42.1% year-over-year).
- 2019: Revenue of $5K, expenses of $12K, and assets of $125K (revenue -31.6% year-over-year).
- 2018: Revenue of $8K, expenses of $10K, and assets of $109K (revenue +0.1% year-over-year).
- 2017: Revenue of $8K, expenses of $13K, and assets of $127K (revenue +76.4% year-over-year).
- 2016: Revenue of $4K, expenses of $14K, and assets of $143K (revenue -23.8% year-over-year).
- 2015: Revenue of $6K, expenses of $18K, and assets of $128K (revenue -10.7% year-over-year).
- 2014: Revenue of $6K, expenses of $16K, and assets of $116K (revenue -36.6% year-over-year).
- 2013: Revenue of $10K, expenses of $17K, and assets of $126K (revenue -53.1% year-over-year).
- 2012: Revenue of $21K, expenses of $20K, and assets of $125K (revenue +197.5% year-over-year).
- 2011: Revenue of $7K, expenses of $23K, and assets of $130K.
Data Sources and Methodology
This transparency report for Nellie R Sherwood 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.