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
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 →
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.
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.
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?
Based on AI analysis of IRS 990 filings, Norris Institute (EIN: 205796139) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Norris Institute spend its money?
Norris Institute directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
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.
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.
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.