Norris Institute
Norris Institute maintains over $1 million in assets despite recent revenue decline and operational deficit.
EIN: 205796139 · Mccook, NE · NTEE: A700 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $16K |
| Total Expenses | $30K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.1M |
| Transparency Score | 75/100 |
Search Intent Cockpit
Norris Institute Form 990, Revenue, CEO Pay, and IRS Filing Signals
Norris Institute 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 Norris Institute in one place.
Form 990 Filing Summary
6 filing years are available, with latest revenue of $12K and expenses of $30K.
Revenue and Expenses
Norris Institute reported $12K in revenue and $30K in expenses, a deficit of $19K.
Executive Compensation
Top officer compensation appears as $1 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
75/100 mission score, 3 red flags, and 4 strengths are shown from structured and AI review.
Is Norris Institute Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $24K (80%) |
Across stored filings, Norris Institute shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 6 stored filing years |
| Peer context | Compare with Burlington Capital Foundation | Nebraska and Arts & Culture context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Local and Sector Spokes
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Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
Norris Institute directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Norris Institute
Norris Institute (EIN: 205796139) is a nonprofit organization based in Mccook, NE, classified under NTEE code A700. The organization reported total revenue of $16K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Norris Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Norris Institute is a micro nonprofit that has been operating for 19 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of -44.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12K |
| Total Expenses | $30K |
| Surplus / Deficit | $-18,752 |
| Total Assets | $1.1M |
| Total Liabilities | $2K |
| Net Assets | $1.1M |
| Operating Margin | -162.9% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 423.1 months |
Financial Health Grade: B
In 2023, Norris Institute reported a deficit of $19K with expenses exceeding revenue, holds 423.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Norris Institute's revenue has declined at a compound annual growth rate (CAGR) of -44.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -92.7% | +29.9% | -1.7% |
| 2022 | -59.7% | -48.0% | +14.1% |
| 2021 | +431.5% | +197.0% | +57.2% |
| 2020 | -34.1% | +126.9% | +26.2% |
| 2019 | -48.3% | -35.1% | +28.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Norris Institute with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Norris Institute allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated, which is highly efficient for an organization of its size with assets exceeding $1 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 Norris Institute's IRS 990 filings:
- Significant operational deficit in 2023 ($11,508 revenue vs. $30,260 expenses)
- Volatile revenue streams, with a sharp decline in the latest fiscal year
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Strengths
The following positive indicators were identified for Norris Institute:
- Strong asset base, consistently over $1 million, providing financial stability
- Consistent 0% officer compensation, indicating efficient use of funds at the executive level
- Regular IRS 990 filings, demonstrating transparency
- Low liabilities relative to assets, indicating good financial management
Frequently Asked Questions about Norris Institute
Is Norris Institute a legitimate charity?
Norris Institute (EIN: 205796139) is a registered tax-exempt nonprofit based in Nebraska. Our AI analysis gives it a Mission Score of 75/100. It has 6 years of IRS 990 filings on record. Total revenue: $16K. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Norris Institute spend its money?
Norris Institute directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Norris Institute tax-deductible?
Norris Institute is registered as a tax-exempt nonprofit (EIN: 205796139). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Norris Institute CEO make?
Norris Institute's highest-compensated officer earns $1 annually. The organization reported $16K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Norris Institute's spending goes to programs?
Norris Institute directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Norris Institute compare to similar nonprofits?
With a transparency score of 75/100 (Good), Norris Institute is above average for NTEE category A700 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Norris Institute located?
Norris Institute is headquartered in Mccook, Nebraska and files with the IRS under EIN 205796139. It is classified under NTEE code A700.
How many years of IRS 990 filings does Norris Institute have?
Norris Institute has 6 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 $16K in total revenue.
What caused the significant drop in revenue from $157,428 in 2022 to $11,508 in 2023?
The provided data does not specify the reason for this sharp decline, but it is a critical area for further inquiry to understand the organization's financial sustainability.
How does Norris Institute manage to operate with 0% officer compensation?
This suggests that the organization's leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation, which is a significant cost-saving measure.
What is the primary source of the Norris Institute's substantial assets?
With assets consistently over $1 million and fluctuating annual revenues, it's likely the organization has significant endowments, investments, or property holdings, which contribute to its long-term stability.
Filing History
IRS 990 filing history for Norris Institute showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Norris Institute's revenue has declined by 94.7%, moving from $216K to $12K. Total assets increased by 185.1% over the same period, from $374K to $1.1M. Total functional expenses rose by 195.4%, from $10K to $30K. In its most recent filing year (2023), Norris Institute reported a deficit of $19K, with expenses exceeding revenue. The organization holds $2K in liabilities against $1.1M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12K | $30K | $1.1M | $2K | — | — |
| 2022 | $157K | $23K | $1.1M | $2K | — | View 990 |
| 2021 | $391K | $45K | $951K | $2K | — | View 990 |
| 2020 | $74K | $15K | $605K | $2K | — | View 990 |
| 2019 | $112K | $7K | $479K | $2K | — | View 990 |
| 2018 | $216K | $10K | $374K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12K, expenses of $30K, and assets of $1.1M (revenue -92.7% year-over-year).
- 2022: Revenue of $157K, expenses of $23K, and assets of $1.1M (revenue -59.7% year-over-year).
- 2021: Revenue of $391K, expenses of $45K, and assets of $951K (revenue +431.5% year-over-year).
- 2020: Revenue of $74K, expenses of $15K, and assets of $605K (revenue -34.1% year-over-year).
- 2019: Revenue of $112K, expenses of $7K, and assets of $479K (revenue -48.3% year-over-year).
- 2018: Revenue of $216K, expenses of $10K, and assets of $374K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Norris Institute:
Data Sources and Methodology
This transparency report for Norris Institute 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.