Nokomis East Neighborhood Association
EIN: 411824990 · Minneapolis, MN · NTEE: I21I
| Metric | Value |
|---|---|
| Total Revenue | $215K |
| Total Expenses | $185K |
| Net Assets | $233K |
Is Nokomis East Neighborhood Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nokomis East Neighborhood Association
Nokomis East Neighborhood Association (EIN: 411824990) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code I21I. The organization reported total revenue of $215K and total assets of $224K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nokomis East Neighborhood Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nokomis East Neighborhood Association is a small nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $233K |
| Total Expenses | $185K |
| Surplus / Deficit | +$47K |
| Total Assets | $243K |
| Total Liabilities | $10K |
| Net Assets | $233K |
| Operating Margin | 20.3% |
| Debt-to-Asset Ratio | 4.1% |
| Months of Reserves | 15.7 months |
Financial Health Grade: A
In 2023, Nokomis East Neighborhood Association reported a surplus of $47K with revenue exceeding expenses, holds 15.7 months of operating reserves (strong position), has a debt-to-asset ratio of 4.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nokomis East Neighborhood Association's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +32.3% | +15.2% | +15.1% |
| 2022 | -44.8% | -32.0% | +2.4% |
| 2021 | +16.5% | -20.3% | +27.8% |
| 2020 | -32.9% | -22.7% | — |
| 2019 | +13.1% | +14.4% | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nokomis East Neighborhood Association 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 Nokomis East Neighborhood Association 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 $47K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.1%.
Frequently Asked Questions about Nokomis East Neighborhood Association
Is Nokomis East Neighborhood Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Nokomis East Neighborhood Association (EIN: 411824990) insufficient data. 0 red flags identified, 0 strengths noted.
How does Nokomis East Neighborhood Association spend its money?
Detailed spending breakdown data is not yet available for Nokomis East Neighborhood Association. Check back for updated IRS 990 analysis.
Are donations to Nokomis East Neighborhood Association tax-deductible?
Nokomis East Neighborhood Association is registered as a tax-exempt nonprofit (EIN: 411824990). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nokomis East Neighborhood Association located?
Nokomis East Neighborhood Association is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 411824990. It is classified under NTEE code I21I.
How many years of IRS 990 filings does Nokomis East Neighborhood Association have?
Nokomis East Neighborhood Association has 13 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 $215K in total revenue.
Filing History
IRS 990 filing history for Nokomis East Neighborhood Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nokomis East Neighborhood Association's revenue has grown by 17.7%, moving from $198K to $233K. Total assets increased by 165.6% over the same period, from $91K to $243K. Total functional expenses rose by 2.2%, from $181K to $185K. In its most recent filing year (2023), Nokomis East Neighborhood Association reported a surplus of $47K, with revenue exceeding expenses. The organization holds $10K in liabilities against $243K in assets (debt-to-asset ratio: 4.1%), resulting in net assets of $233K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $233K | $185K | $243K | $10K | — | — |
| 2022 | $176K | $161K | $211K | $25K | — | — |
| 2021 | $319K | $237K | $206K | $36K | — | — |
| 2020 | $274K | $297K | $161K | $73K | — | View 990 |
| 2019 | $407K | $384K | $0 | $0 | — | View 990 |
| 2018 | $360K | $336K | $133K | $44K | — | View 990 |
| 2017 | $313K | $302K | $112K | $47K | — | View 990 |
| 2016 | $230K | $220K | $89K | $36K | — | View 990 |
| 2015 | $193K | $194K | $82K | $39K | — | View 990 |
| 2014 | $228K | $213K | $94K | $49K | — | View 990 |
| 2013 | $234K | $211K | $92K | $62K | — | View 990 |
| 2012 | $189K | $204K | $69K | $62K | — | View 990 |
| 2011 | $198K | $181K | $91K | $69K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $233K, expenses of $185K, and assets of $243K (revenue +32.3% year-over-year).
- 2022: Revenue of $176K, expenses of $161K, and assets of $211K (revenue -44.8% year-over-year).
- 2021: Revenue of $319K, expenses of $237K, and assets of $206K (revenue +16.5% year-over-year).
- 2020: Revenue of $274K, expenses of $297K, and assets of $161K (revenue -32.9% year-over-year).
- 2019: Revenue of $407K, expenses of $384K, and assets of $0 (revenue +13.1% year-over-year).
- 2018: Revenue of $360K, expenses of $336K, and assets of $133K (revenue +14.9% year-over-year).
- 2017: Revenue of $313K, expenses of $302K, and assets of $112K (revenue +36.0% year-over-year).
- 2016: Revenue of $230K, expenses of $220K, and assets of $89K (revenue +19.6% year-over-year).
- 2015: Revenue of $193K, expenses of $194K, and assets of $82K (revenue -15.4% year-over-year).
- 2014: Revenue of $228K, expenses of $213K, and assets of $94K (revenue -2.6% year-over-year).
- 2013: Revenue of $234K, expenses of $211K, and assets of $92K (revenue +23.5% year-over-year).
- 2012: Revenue of $189K, expenses of $204K, and assets of $69K (revenue -4.4% year-over-year).
- 2011: Revenue of $198K, expenses of $181K, and assets of $91K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nokomis East Neighborhood Association:
Data Sources and Methodology
This transparency report for Nokomis East Neighborhood Association 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.