New Albany Floyd County Education Foundation Inc

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New Albany Floyd County Education Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

New Albany Floyd County Education Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around New Albany Floyd County Education Foundation Inc in one place.

Is New Albany Floyd County Education Foundation Inc Legit?

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New Albany Floyd County Education Foundation Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About New Albany Floyd County Education Foundation Inc

New Albany Floyd County Education Foundation Inc (EIN: 202552199) is a nonprofit organization based in New Albany, IN, classified under NTEE code B12. The organization reported total revenue of $993K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Albany Floyd County Education Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

New Albany Floyd County Education Foundation Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.9%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, New Albany Floyd County Education Foundation Inc reported a surplus of $339K with revenue exceeding expenses, holds 34.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), New Albany Floyd County Education Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.9%.

IRS Tax-Exempt Classification

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 New Albany Floyd County Education Foundation Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 7%
• programs: 88%
• fundraising: 5%

According to IRS 990 filings, New Albany Floyd County Education Foundation Inc allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% 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 surplus of $339K, with revenue exceeding expenses.
• Debt-to-asset ratio: 1.9%.

Executive Compensation Analysis

The organization reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers. This is highly unusual for an organization of its size with assets of $1,568,483 and suggests a volunteer-led executive structure, maximizing funds available for program services.

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.

Strengths

The following positive indicators were identified for New Albany Floyd County Education Foundation Inc:

• Consistent growth in assets, from $140,230 in 2014 to $1,568,483 in 2023, indicating strong financial management.
• Zero reported officer compensation across all filings, maximizing funds for program services.
• High program spending ratio (estimated 88%), demonstrating efficient use of funds for its mission.
• Steady increase in revenue over the past decade, from $347,889 in 2014 to $886,196 in 2023.
• Healthy asset-to-liability ratio, with assets of $1,568,483 against liabilities of $30,180 in 2023, indicating strong financial stability.

Frequently Asked Questions about New Albany Floyd County Education Foundation Inc

Filing History

IRS 990 filing history for New Albany Floyd County Education Foundation Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), New Albany Floyd County Education Foundation Inc's revenue has grown by 330.5%, moving from $206K to $886K. Total assets increased by 147.5% over the same period, from $634K to $1.6M. Total functional expenses rose by 32.5%, from $413K to $547K. In its most recent filing year (2023), New Albany Floyd County Education Foundation Inc reported a surplus of $339K, with revenue exceeding expenses. The organization holds $30K in liabilities against $1.6M in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $1.5M.

Year-by-Year Financial Summary

• 2023: Revenue of $886K, expenses of $547K, and assets of $1.6M (revenue -1.1% year-over-year).
• 2022: Revenue of $896K, expenses of $581K, and assets of $1.3M (revenue +32.4% year-over-year).
• 2021: Revenue of $677K, expenses of $417K, and assets of $936K (revenue +6.5% year-over-year).
• 2020: Revenue of $636K, expenses of $629K, and assets of $604K (revenue -3.2% year-over-year).
• 2019: Revenue of $656K, expenses of $476K, and assets of $629K (revenue +2.2% year-over-year).
• 2018: Revenue of $642K, expenses of $461K, and assets of $431K (revenue +23.8% year-over-year).
• 2017: Revenue of $519K, expenses of $446K, and assets of $264K (revenue +8.6% year-over-year).
• 2016: Revenue of $478K, expenses of $438K, and assets of $210K (revenue +24.0% year-over-year).
• 2015: Revenue of $385K, expenses of $374K, and assets of $141K (revenue +10.7% year-over-year).
• 2014: Revenue of $348K, expenses of $433K, and assets of $140K (revenue -29.8% year-over-year).
• 2013: Revenue of $496K, expenses of $722K, and assets of $239K (revenue +80.5% year-over-year).
• 2012: Revenue of $275K, expenses of $507K, and assets of $444K (revenue +33.4% year-over-year).
• 2011: Revenue of $206K, expenses of $413K, and assets of $634K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for New Albany Floyd County Education Foundation Inc:

Data Sources and Methodology

This transparency report for New Albany Floyd County Education Foundation Inc 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.