Norfolk Arts Center

Norfolk Arts Center shows consistent asset growth and no reported officer compensation, despite recent revenue fluctuations.

EIN: 13515109 · Norfolk, NE · NTEE: A200 · Updated: 2026-03-28

$600KRevenue

$3.2MAssets

90/100Mission Score (Excellent)

A200

About Norfolk Arts Center

Norfolk Arts Center (EIN: 13515109) is a nonprofit organization based in Norfolk, NE, classified under NTEE code A200. The organization reported total revenue of $600K and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Norfolk Arts Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Norfolk Arts Center demonstrates a generally stable financial position with consistent asset growth over the past decade, reaching $3,239,630. While revenue has fluctuated, with a notable dip to $277,772 in 2024 from $566,453 in 2023, the organization has managed its expenses, often operating with a surplus. For instance, in 2023, revenue of $566,453 significantly exceeded expenses of $334,467. The organization's liabilities have remained relatively low, indicating good financial management and minimal debt burden.

Spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings, suggesting that resources are directed towards programs and operational needs rather than high executive salaries. The NTEE code A200 (Arts, Culture, Humanities) aligns with the organization's name, indicating a clear mission focus. The absence of reported officer compensation also contributes positively to transparency, as it suggests a volunteer-led or very lean administrative structure at the top.

However, the recent 2024 filing shows expenses ($400,710) exceeding revenue ($277,772), resulting in a deficit for that period. While this could be an anomaly or due to specific project timing, it warrants monitoring. Overall, the organization appears to be a well-managed entity with a strong commitment to its mission, supported by its financial history and lack of executive compensation.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Norfolk Arts Center with a Mission Score of 90 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Norfolk Arts Center allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries, which is highly unusual for an organization of this size with assets over $3 million.

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.

Red Flags

The following concerns were identified during AI analysis of Norfolk Arts Center's IRS 990 filings:

Recent deficit in 2024 filing (Expenses $400,710 vs. Revenue $277,772)
Significant fluctuation in annual revenue, making financial planning potentially challenging

Strengths

The following positive indicators were identified for Norfolk Arts Center:

Consistent asset growth over the past decade (from $1.9M to $3.2M)
Zero reported officer compensation across all filings, indicating high efficiency and dedication
Low liabilities relative to assets, suggesting strong financial stability
Generally operates with a surplus, demonstrating good financial management (except for 2024)
Clear mission alignment with NTEE code and organization name

Frequently Asked Questions about Norfolk Arts Center

Is Norfolk Arts Center a good charity?

Based on the available data, Norfolk Arts Center appears to be a good charity. It demonstrates strong financial health with growing assets, low liabilities, and a consistent commitment to its mission without any reported officer compensation, suggesting efficient use of funds.

How does Norfolk Arts Center manage its executive compensation?

Norfolk Arts Center consistently reports 0% officer compensation in all available IRS 990 filings, indicating that its leadership either volunteers their time or is compensated through other means not classified as officer compensation, which is a strong positive for resource allocation.

What is the trend in Norfolk Arts Center's assets?

Norfolk Arts Center has shown consistent asset growth over the past decade, increasing from $1,973,660 in 2016 to $3,239,630 currently, indicating sound financial management and accumulation of resources.

Did Norfolk Arts Center operate at a deficit recently?

Yes, in the 2024 period, Norfolk Arts Center reported expenses of $400,710 against revenue of $277,772, resulting in a deficit for that specific year. This is a change from the prior year's surplus of $231,986.

Filing History

IRS 990 filing history for Norfolk Arts Center showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), Norfolk Arts Center's revenue has grown by 47.5%, moving from $188K to $278K. Total assets increased by 53.3% over the same period, from $2.0M to $3.0M. Total functional expenses rose by 65.7%, from $242K to $401K. In its most recent filing year (2024), Norfolk Arts Center reported a deficit of $123K, with expenses exceeding revenue. The organization holds $4K in liabilities against $3.0M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $3.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$278K	$401K	$3.0M	$4K	—	—
2023	$566K	$334K	$2.9M	$5K	—	—
2022	$291K	$303K	$2.6M	$7K	—	View 990
2021	$292K	$257K	$2.9M	$5K	—	—
2020	$575K	$317K	$2.5M	$25K	—	View 990
2019	$567K	$287K	$2.3M	$9K	—	View 990
2018	$287K	$305K	$2.1M	$48K	—	View 990
2017	$231K	$298K	$2.0M	$30K	—	View 990
2016	$293K	$302K	$2.0M	$28K	—	View 990
2015	$317K	$277K	$2.1M	$33K	—	View 990
2014	$235K	$282K	$2.1M	$18K	—	View 990
2013	$237K	$283K	$2.0M	$4K	—	View 990
2012	$188K	$242K	$2.0M	$22K	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $278K, expenses of $401K, and assets of $3.0M (revenue -51.0% year-over-year).
2023: Revenue of $566K, expenses of $334K, and assets of $2.9M (revenue +94.7% year-over-year).
2022: Revenue of $291K, expenses of $303K, and assets of $2.6M (revenue -0.4% year-over-year).
2021: Revenue of $292K, expenses of $257K, and assets of $2.9M (revenue -49.2% year-over-year).
2020: Revenue of $575K, expenses of $317K, and assets of $2.5M (revenue +1.5% year-over-year).
2019: Revenue of $567K, expenses of $287K, and assets of $2.3M (revenue +97.6% year-over-year).
2018: Revenue of $287K, expenses of $305K, and assets of $2.1M (revenue +24.1% year-over-year).
2017: Revenue of $231K, expenses of $298K, and assets of $2.0M (revenue -21.2% year-over-year).
2016: Revenue of $293K, expenses of $302K, and assets of $2.0M (revenue -7.4% year-over-year).
2015: Revenue of $317K, expenses of $277K, and assets of $2.1M (revenue +34.7% year-over-year).
2014: Revenue of $235K, expenses of $282K, and assets of $2.1M (revenue -0.7% year-over-year).
2013: Revenue of $237K, expenses of $283K, and assets of $2.0M (revenue +25.8% year-over-year).
2012: Revenue of $188K, expenses of $242K, and assets of $2.0M.

Data Sources and Methodology

This transparency report for Norfolk Arts Center 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.