Northern Kane Educational Corp
Northern Kane Educational Corp maintains stable finances with no reported officer compensation.
EIN: 202059533 · Pingree Grove, IL · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.7M |
| Total Expenses | $8.7M |
| Program Spending | 80% |
| Net Assets | $2.3M |
| Transparency Score | 85/100 |
Is Northern Kane Educational Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northern Kane Educational Corp directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northern Kane Educational Corp
Northern Kane Educational Corp (EIN: 202059533) is a nonprofit organization based in Pingree Grove, IL, classified under NTEE code B29. The organization reported total revenue of $11.7M and total assets of $32.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northern Kane Educational Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northern Kane Educational Corp is a large nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.9M |
| Total Expenses | $8.7M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $20.2M |
| Total Liabilities | $17.9M |
| Net Assets | $2.3M |
| Operating Margin | 12.4% |
| Debt-to-Asset Ratio | 88.5% |
| Months of Reserves | 27.9 months |
Financial Health Grade: A
In 2023, Northern Kane Educational Corp reported a surplus of $1.2M with revenue exceeding expenses, holds 27.9 months of operating reserves (strong position), has a debt-to-asset ratio of 88.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Northern Kane Educational Corp's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.6% | -0.3% | +5.5% |
| 2022 | -2.0% | -0.6% | -7.1% |
| 2021 | -6.2% | -8.3% | -26.3% |
| 2020 | -4.2% | +0.7% | +5.4% |
| 2019 | +13.3% | -10.7% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Northern Kane Educational Corp with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Northern Kane Educational Corp 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 surplus of $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 88.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization. This is a highly positive aspect, suggesting a strong commitment to directing funds towards the mission rather than executive salaries.
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 Northern Kane Educational Corp's IRS 990 filings:
- Detailed expense breakdown (program vs. admin vs. fundraising) not readily available in summary data, hindering full efficiency assessment.
Strengths
The following positive indicators were identified for Northern Kane Educational Corp:
- Consistent reporting of 0% officer compensation, indicating high efficiency in executive overhead.
- Stable revenue and expense trends over a decade, demonstrating financial predictability.
- Significant growth in assets from $17,791,458 in 2014 to $32,651,994 currently, enhancing long-term stability.
- Positive net assets in recent filings, indicating financial health and sustainability.
Frequently Asked Questions about Northern Kane Educational Corp
Is Northern Kane Educational Corp a legitimate charity?
Northern Kane Educational Corp (EIN: 202059533) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $11.7M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Northern Kane Educational Corp spend its money?
Northern Kane Educational Corp directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Northern Kane Educational Corp tax-deductible?
Northern Kane Educational Corp is registered as a tax-exempt nonprofit (EIN: 202059533). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Northern Kane Educational Corp's spending goes to programs?
Northern Kane Educational Corp directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Northern Kane Educational Corp compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Northern Kane Educational Corp is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Northern Kane Educational Corp located?
Northern Kane Educational Corp is headquartered in Pingree Grove, Illinois and files with the IRS under EIN 202059533. It is classified under NTEE code B29.
How many years of IRS 990 filings does Northern Kane Educational Corp have?
Northern Kane Educational Corp 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 $11.7M in total revenue.
Is Northern Kane Educational Corp a good charity?
Based on the available data, Northern Kane Educational Corp appears to be a financially stable organization with consistent revenue and expenses. The reported 0% officer compensation is a significant positive indicator of efficiency and dedication to its mission. However, a full assessment would require reviewing their detailed program activities and impact.
How has Northern Kane Educational Corp's financial health changed over time?
The organization has maintained a relatively stable financial position, with revenues and expenses consistently in the $9-10 million range. Assets have shown growth, increasing from around $17 million in 2014 to over $32 million currently, indicating a strengthening balance sheet.
What is the trend in Northern Kane Educational Corp's liabilities?
Liabilities have fluctuated but generally remained high relative to assets in earlier periods, sometimes exceeding assets (e.g., 201908, 201808). However, in the latest filing (202308), liabilities ($17,860,922) are significantly lower than assets ($20,175,461), indicating improved financial leverage and reduced risk.
Filing History
IRS 990 filing history for Northern Kane Educational Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Northern Kane Educational Corp's revenue has grown by 70.6%, moving from $5.8M to $9.9M. Total assets increased by 0.6% over the same period, from $20.1M to $20.2M. Total functional expenses rose by 39.8%, from $6.2M to $8.7M. In its most recent filing year (2023), Northern Kane Educational Corp reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $17.9M in liabilities against $20.2M in assets (debt-to-asset ratio: 88.5%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.9M | $8.7M | $20.2M | $17.9M | — | View 990 |
| 2022 | $9.2M | $8.7M | $19.1M | $18.0M | — | View 990 |
| 2021 | $9.4M | $8.7M | $20.6M | $20.0M | — | View 990 |
| 2020 | $10.0M | $9.5M | $27.9M | $27.9M | — | View 990 |
| 2019 | $10.4M | $9.5M | $26.5M | $27.0M | — | View 990 |
| 2018 | $9.2M | $10.6M | $26.0M | $27.7M | — | View 990 |
| 2017 | $9.2M | $9.0M | $16.9M | $17.1M | — | View 990 |
| 2016 | $9.2M | $9.2M | $17.3M | $17.6M | — | View 990 |
| 2015 | $8.6M | $8.9M | $17.1M | $17.5M | — | View 990 |
| 2014 | $8.8M | $9.1M | $17.8M | $17.9M | — | View 990 |
| 2013 | $7.9M | $8.6M | $20.1M | $20.0M | — | View 990 |
| 2012 | $7.1M | $8.0M | $20.6M | $19.7M | — | View 990 |
| 2011 | $5.8M | $6.2M | $20.1M | $18.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.9M, expenses of $8.7M, and assets of $20.2M (revenue +7.6% year-over-year).
- 2022: Revenue of $9.2M, expenses of $8.7M, and assets of $19.1M (revenue -2.0% year-over-year).
- 2021: Revenue of $9.4M, expenses of $8.7M, and assets of $20.6M (revenue -6.2% year-over-year).
- 2020: Revenue of $10.0M, expenses of $9.5M, and assets of $27.9M (revenue -4.2% year-over-year).
- 2019: Revenue of $10.4M, expenses of $9.5M, and assets of $26.5M (revenue +13.3% year-over-year).
- 2018: Revenue of $9.2M, expenses of $10.6M, and assets of $26.0M (revenue +0.4% year-over-year).
- 2017: Revenue of $9.2M, expenses of $9.0M, and assets of $16.9M (revenue +0.2% year-over-year).
- 2016: Revenue of $9.2M, expenses of $9.2M, and assets of $17.3M (revenue +5.9% year-over-year).
- 2015: Revenue of $8.6M, expenses of $8.9M, and assets of $17.1M (revenue -1.8% year-over-year).
- 2014: Revenue of $8.8M, expenses of $9.1M, and assets of $17.8M (revenue +11.3% year-over-year).
- 2013: Revenue of $7.9M, expenses of $8.6M, and assets of $20.1M (revenue +10.7% year-over-year).
- 2012: Revenue of $7.1M, expenses of $8.0M, and assets of $20.6M (revenue +23.3% year-over-year).
- 2011: Revenue of $5.8M, expenses of $6.2M, and assets of $20.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northern Kane Educational Corp:
Data Sources and Methodology
This transparency report for Northern Kane Educational Corp 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.