Nerstrand Elementary School
EIN: 411946091 · Nerstrand, MN · NTEE: B29
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.5M |
| Net Assets | $108K |
Is Nerstrand Elementary School Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nerstrand Elementary School
Nerstrand Elementary School (EIN: 411946091) is a nonprofit organization based in Nerstrand, MN, classified under NTEE code B29. The organization reported total revenue of $1.8M and total assets of $911K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nerstrand Elementary School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nerstrand Elementary School is a mid-size nonprofit that has been operating for 25 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$292K |
| Total Assets | $911K |
| Total Liabilities | $802K |
| Net Assets | $108K |
| Operating Margin | 15.9% |
| Debt-to-Asset Ratio | 88.1% |
| Months of Reserves | 7.1 months |
Financial Health Grade: A
In 2024, Nerstrand Elementary School reported a surplus of $292K with revenue exceeding expenses, holds 7.1 months of operating reserves (strong position), has a debt-to-asset ratio of 88.1% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Nerstrand Elementary School's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +8.6% | -2.5% | -3.9% |
| 2023 | -5.5% | -19.4% | +2.7% |
| 2022 | -13.1% | +4.5% | -32.8% |
| 2021 | +2.2% | -3.5% | -2.4% |
| 2020 | +1.7% | +0.0% | -10.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nerstrand Elementary School 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 Nerstrand Elementary School 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 $292K, with revenue exceeding expenses.
- Debt-to-asset ratio: 88.1%.
Frequently Asked Questions about Nerstrand Elementary School
Is Nerstrand Elementary School a legitimate charity?
Nerstrand Elementary School (EIN: 411946091) is a registered tax-exempt nonprofit based in Minnesota. It has 14 years of IRS 990 filings on record. Total revenue: $1.8M. No red flags identified. Financial health grade: A.
How does Nerstrand Elementary School spend its money?
Nerstrand Elementary School reported $1.8M in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Nerstrand Elementary School tax-deductible?
Nerstrand Elementary School is registered as a tax-exempt nonprofit (EIN: 411946091). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nerstrand Elementary School located?
Nerstrand Elementary School is headquartered in Nerstrand, Minnesota and files with the IRS under EIN 411946091. It is classified under NTEE code B29.
How many years of IRS 990 filings does Nerstrand Elementary School have?
Nerstrand Elementary School has 14 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 $1.8M in total revenue.
Filing History
IRS 990 filing history for Nerstrand Elementary School showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Nerstrand Elementary School's revenue has grown by 46.9%, moving from $1.2M to $1.8M. Total assets increased by 94% over the same period, from $469K to $911K. Total functional expenses rose by 21.2%, from $1.3M to $1.5M. In its most recent filing year (2024), Nerstrand Elementary School reported a surplus of $292K, with revenue exceeding expenses. The organization holds $802K in liabilities against $911K in assets (debt-to-asset ratio: 88.1%), resulting in net assets of $108K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.8M | $1.5M | $911K | $802K | — | View 990 |
| 2023 | $1.7M | $1.6M | $948K | $1.1M | — | View 990 |
| 2022 | $1.8M | $2.0M | $923K | $1.2M | — | View 990 |
| 2021 | $2.1M | $1.9M | $1.4M | $1.5M | — | View 990 |
| 2020 | $2.0M | $1.9M | $1.4M | $1.6M | — | View 990 |
| 2019 | $2.0M | $1.9M | $1.6M | $1.8M | — | View 990 |
| 2018 | $1.7M | $1.7M | $1.8M | $2.2M | — | View 990 |
| 2017 | $1.6M | $1.6M | $2.1M | $2.2M | — | View 990 |
| 2016 | $1.5M | $1.5M | $785K | $697K | — | View 990 |
| 2015 | $1.5M | $1.4M | $710K | $679K | — | View 990 |
| 2014 | $1.4M | $1.4M | $526K | $27K | — | View 990 |
| 2013 | $1.3M | $1.3M | $519K | $27K | — | View 990 |
| 2012 | $1.3M | $1.3M | $527K | $47K | — | View 990 |
| 2011 | $1.2M | $1.3M | $469K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.8M, expenses of $1.5M, and assets of $911K (revenue +8.6% year-over-year).
- 2023: Revenue of $1.7M, expenses of $1.6M, and assets of $948K (revenue -5.5% year-over-year).
- 2022: Revenue of $1.8M, expenses of $2.0M, and assets of $923K (revenue -13.1% year-over-year).
- 2021: Revenue of $2.1M, expenses of $1.9M, and assets of $1.4M (revenue +2.2% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.9M, and assets of $1.4M (revenue +1.7% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.9M, and assets of $1.6M (revenue +16.1% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.7M, and assets of $1.8M (revenue +3.7% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.6M, and assets of $2.1M (revenue +7.6% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.5M, and assets of $785K (revenue +2.8% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.4M, and assets of $710K (revenue +8.0% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $526K (revenue +4.3% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.3M, and assets of $519K (revenue +2.3% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.3M, and assets of $527K (revenue +3.0% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.3M, and assets of $469K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nerstrand Elementary School:
Data Sources and Methodology
This transparency report for Nerstrand Elementary School 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.