Nemec Abbott Foundation
EIN: 883230696 · Walland, TN · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $5.4M |
| Total Expenses | $305K |
| Net Assets | $5.3M |
Is Nemec Abbott Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nemec Abbott Foundation
Nemec Abbott Foundation (EIN: 883230696) is a nonprofit organization based in Walland, TN, classified under NTEE code T20. The organization reported total revenue of $5.4M and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nemec Abbott Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nemec Abbott Foundation is a mid-size nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 556557400.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.6M |
| Total Expenses | $305K |
| Surplus / Deficit | +$5.3M |
| Total Assets | $5.3M |
| Total Liabilities | $1 |
| Net Assets | $5.3M |
| Operating Margin | 94.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 206.7 months |
Financial Health Grade: A
In 2023, Nemec Abbott Foundation reported a surplus of $5.3M with revenue exceeding expenses, holds 206.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Nemec Abbott Foundation's revenue has grown at a compound annual growth rate (CAGR) of 556557400.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +556557400.0% | — | +526018900.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nemec Abbott Foundation 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 Nemec Abbott Foundation 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 surplus of $5.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Nemec Abbott Foundation
Is Nemec Abbott Foundation a legitimate charity?
Nemec Abbott Foundation (EIN: 883230696) is a registered tax-exempt nonprofit based in Tennessee. It has 2 years of IRS 990 filings on record. Total revenue: $5.4M. No red flags identified. Financial health grade: A.
How does Nemec Abbott Foundation spend its money?
Nemec Abbott Foundation reported $5.4M in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Nemec Abbott Foundation tax-deductible?
Nemec Abbott Foundation is registered as a tax-exempt nonprofit (EIN: 883230696). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nemec Abbott Foundation located?
Nemec Abbott Foundation is headquartered in Walland, Tennessee and files with the IRS under EIN 883230696. It is classified under NTEE code T20.
How many years of IRS 990 filings does Nemec Abbott Foundation have?
Nemec Abbott Foundation has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $5.4M in total revenue.
Filing History
IRS 990 filing history for Nemec Abbott Foundation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Nemec Abbott Foundation's revenue has grown by 556557400%, moving from $1 to $5.6M. Total assets increased by 526018900% over the same period, from $1 to $5.3M. In its most recent filing year (2023), Nemec Abbott Foundation reported a surplus of $5.3M, with revenue exceeding expenses. The organization holds $1 in liabilities against $5.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.6M | $305K | $5.3M | $1 | — | View 990 |
| 2022 | $1 | $0 | $1 | $1 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nemec Abbott Foundation:
Data Sources and Methodology
This transparency report for Nemec Abbott 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.