Notes For Notes Incorporated
Notes For Notes Incorporated shows strong asset growth and no reported officer compensation across all filings, with fluctuating but recovering revenues.
EIN: 204875556 · Santa Barbara, CA · NTEE: A27 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $2.8M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $3.7 |
| Net Assets | $3.0M |
| Transparency Score | 85/100 |
Is Notes For Notes Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Notes For Notes Incorporated directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Notes For Notes Incorporated
Notes For Notes Incorporated (EIN: 204875556) is a nonprofit organization based in Santa Barbara, CA, classified under NTEE code A27. The organization reported total revenue of $3.7M and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Notes For Notes Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Notes For Notes Incorporated is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $2.8M |
| Surplus / Deficit | +$202K |
| Total Assets | $3.1M |
| Total Liabilities | $51K |
| Net Assets | $3.0M |
| Operating Margin | 6.8% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 13.3 months |
Financial Health Grade: A
In 2023, Notes For Notes Incorporated reported a surplus of $202K with revenue exceeding expenses, holds 13.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Notes For Notes Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 19.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +68.5% | +38.2% | +2.1% |
| 2022 | -29.6% | +2.8% | +12.5% |
| 2021 | +106.5% | -6.2% | +10.7% |
| 2020 | -59.1% | -3.7% | -32.5% |
| 2019 | +64.8% | +0.4% | +21.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2008 |
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 Notes For Notes Incorporated 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: 75%
- fundraising: 10%
According to IRS 990 filings, Notes For Notes Incorporated allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $202K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available IRS 990 filings, which is unusual for an organization of its size with revenues reaching nearly $3.7 million. This suggests either a fully volunteer executive leadership or that compensation is categorized differently, requiring further clarification for full transparency.
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 Notes For Notes Incorporated's IRS 990 filings:
- Unusual 0% officer compensation reported across all filings, which may obscure actual executive remuneration or indicate a unique operational model.
Strengths
The following positive indicators were identified for Notes For Notes Incorporated:
- Strong program spending ratio (estimated 75%) indicating efficient use of funds for its mission.
- Consistent asset growth from $724,326 in 2014 to $3,942,858 currently, demonstrating financial health and capacity.
- Low liabilities relative to assets, indicating strong solvency.
- Significant revenue recovery and growth in recent periods, reaching $3,693,487.
- Positive net assets across all reported periods, showing financial stability.
Frequently Asked Questions about Notes For Notes Incorporated
Is Notes For Notes Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Notes For Notes Incorporated (EIN: 204875556) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Notes For Notes Incorporated spend its money?
Notes For Notes Incorporated directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Notes For Notes Incorporated tax-deductible?
Notes For Notes Incorporated is registered as a tax-exempt nonprofit (EIN: 204875556). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Notes For Notes Incorporated CEO make?
Notes For Notes Incorporated's highest-compensated officer earns $3.7 annually. The organization reported $3.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Notes For Notes Incorporated's spending goes to programs?
Notes For Notes Incorporated directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Notes For Notes Incorporated compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Notes For Notes Incorporated is above average for NTEE category A27 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Notes For Notes Incorporated located?
Notes For Notes Incorporated is headquartered in Santa Barbara, California and files with the IRS under EIN 204875556. It is classified under NTEE code A27.
How many years of IRS 990 filings does Notes For Notes Incorporated have?
Notes For Notes Incorporated 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 $3.7M in total revenue.
Is Notes For Notes Incorporated a good charity?
Based on its strong program spending, consistent asset growth, and low liabilities, Notes For Notes Incorporated appears to be a well-managed and effective charity. The 0% reported officer compensation is a unique factor that could be seen as a positive for resource allocation, though it warrants further understanding.
How does Notes For Notes Incorporated fund its operations given 0% officer compensation?
The 0% officer compensation suggests that executive leadership may be entirely volunteer-based, or that compensation is reported under other expense categories not explicitly labeled as 'officer compensation' on the 990 summary. This practice allows more funds to be directed towards programs and other operational costs.
What caused the significant revenue drop in 2020?
Revenue for Notes For Notes Incorporated dropped from $2,978,489 in 2019 to $1,218,234 in 2020. This period coincided with the global COVID-19 pandemic, which likely impacted fundraising efforts and operational capacity for many nonprofits, potentially explaining the decrease.
Has Notes For Notes Incorporated been financially stable over time?
Yes, despite some revenue fluctuations, Notes For Notes Incorporated has demonstrated financial stability. Its assets have consistently grown from $724,326 in 2014 to $3,942,858 currently, and liabilities have remained low relative to assets, indicating good solvency and financial health.
Filing History
IRS 990 filing history for Notes For Notes Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Notes For Notes Incorporated's revenue has grown by 763.5%, moving from $346K to $3.0M. Total assets increased by 1424.1% over the same period, from $203K to $3.1M. Total functional expenses rose by 939.2%, from $268K to $2.8M. In its most recent filing year (2023), Notes For Notes Incorporated reported a surplus of $202K, with revenue exceeding expenses. The organization holds $51K in liabilities against $3.1M in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $2.8M | $3.1M | $51K | — | — |
| 2022 | $1.8M | $2.0M | $3.0M | $72K | — | — |
| 2021 | $2.5M | $2.0M | $2.7M | $62K | — | View 990 |
| 2020 | $1.2M | $2.1M | $2.4M | $59K | — | — |
| 2019 | $3.0M | $2.2M | $3.6M | $79K | — | View 990 |
| 2018 | $1.8M | $2.2M | $3.0M | $63K | — | View 990 |
| 2017 | $1.2M | $1.9M | $891K | $46K | — | View 990 |
| 2016 | $1.5M | $1.3M | $1.5M | $38K | — | View 990 |
| 2015 | $1.4M | $939K | $1.3M | $27K | — | View 990 |
| 2014 | $906K | $473K | $724K | $9K | — | View 990 |
| 2013 | $490K | $379K | $288K | $6K | — | View 990 |
| 2012 | $215K | $250K | $170K | $0 | — | View 990 |
| 2011 | $346K | $268K | $203K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $2.8M, and assets of $3.1M (revenue +68.5% year-over-year).
- 2022: Revenue of $1.8M, expenses of $2.0M, and assets of $3.0M (revenue -29.6% year-over-year).
- 2021: Revenue of $2.5M, expenses of $2.0M, and assets of $2.7M (revenue +106.5% year-over-year).
- 2020: Revenue of $1.2M, expenses of $2.1M, and assets of $2.4M (revenue -59.1% year-over-year).
- 2019: Revenue of $3.0M, expenses of $2.2M, and assets of $3.6M (revenue +64.8% year-over-year).
- 2018: Revenue of $1.8M, expenses of $2.2M, and assets of $3.0M (revenue +50.6% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.9M, and assets of $891K (revenue -22.3% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.3M, and assets of $1.5M (revenue +7.8% year-over-year).
- 2015: Revenue of $1.4M, expenses of $939K, and assets of $1.3M (revenue +58.3% year-over-year).
- 2014: Revenue of $906K, expenses of $473K, and assets of $724K (revenue +84.7% year-over-year).
- 2013: Revenue of $490K, expenses of $379K, and assets of $288K (revenue +128.1% year-over-year).
- 2012: Revenue of $215K, expenses of $250K, and assets of $170K (revenue -37.8% year-over-year).
- 2011: Revenue of $346K, expenses of $268K, and assets of $203K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Notes For Notes Incorporated:
Data Sources and Methodology
This transparency report for Notes For Notes Incorporated 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.