Old Cheney Road Farmers Market Inc
Old Cheney Road Farmers Market Inc maintains stable finances with no officer compensation and consistent asset growth.
EIN: 204116356 · Lincoln, NE · NTEE: K30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $49K |
| Total Expenses | $40K |
| Program Spending | 90% |
| Net Assets | $61K |
| Transparency Score | 92/100 |
Is Old Cheney Road Farmers Market Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Old Cheney Road Farmers Market Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Old Cheney Road Farmers Market Inc
Old Cheney Road Farmers Market Inc (EIN: 204116356) is a nonprofit organization based in Lincoln, NE, classified under NTEE code K30. The organization reported total revenue of $49K and total assets of $59K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Old Cheney Road Farmers Market Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Old Cheney Road Farmers Market Inc is a micro 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 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $47K |
| Total Expenses | $40K |
| Surplus / Deficit | +$8K |
| Total Assets | $61K |
| Net Assets | $61K |
| Operating Margin | 16.2% |
| Months of Reserves | 18.3 months |
Financial Health Grade: A
In 2023, Old Cheney Road Farmers Market Inc reported a surplus of $8K with revenue exceeding expenses, holds 18.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Old Cheney Road Farmers Market Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.0% | -35.2% | +14.5% |
| 2022 | -5.1% | +27.7% | -2.4% |
| 2021 | +58.3% | +11.5% | +39.0% |
| 2020 | -32.9% | -16.2% | -7.3% |
| 2019 | -25.6% | -33.0% | +24.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Old Cheney Road Farmers Market Inc with a Mission Score of 92 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: 90%
- fundraising: 0%
According to IRS 990 filings, Old Cheney Road Farmers Market Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $8K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or compensated through non-officer roles, which is highly favorable for directing funds to its mission.
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.
Strengths
The following positive indicators were identified for Old Cheney Road Farmers Market Inc:
- Consistent asset growth, from $35,912 in 2014 to $60,744 in 2023.
- Zero reported liabilities across all 13 filings, indicating strong financial stability.
- 0% officer compensation reported in all available filings, suggesting high efficiency and volunteer leadership.
- Excellent transparency with 13 IRS 990 filings available over a decade.
- Generally operates near break-even, demonstrating responsible financial management (e.g., 2023 revenue $47,409 vs. expenses $39,734).
Frequently Asked Questions about Old Cheney Road Farmers Market Inc
Is Old Cheney Road Farmers Market Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Old Cheney Road Farmers Market Inc (EIN: 204116356) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Old Cheney Road Farmers Market Inc spend its money?
Old Cheney Road Farmers Market Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Old Cheney Road Farmers Market Inc tax-deductible?
Old Cheney Road Farmers Market Inc is registered as a tax-exempt nonprofit (EIN: 204116356). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Old Cheney Road Farmers Market Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Old Cheney Road Farmers Market Inc is above average for NTEE category K30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Old Cheney Road Farmers Market Inc located?
Old Cheney Road Farmers Market Inc is headquartered in Lincoln, Nebraska and files with the IRS under EIN 204116356. It is classified under NTEE code K30.
How many years of IRS 990 filings does Old Cheney Road Farmers Market Inc have?
Old Cheney Road Farmers Market Inc 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 $49K in total revenue.
Is Old Cheney Road Farmers Market Inc a good charity?
Based on the available IRS 990 data, Old Cheney Road Farmers Market Inc appears to be a very good charity. It demonstrates strong financial health with growing assets and zero liabilities, operates efficiently with no reported officer compensation, and maintains excellent transparency through consistent filings.
How has the organization's financial health changed over time?
The organization's financial health has generally improved, with assets growing from $35,912 in 2014 to $60,744 in 2023. While revenue and expenses fluctuate year-to-year, it consistently maintains zero liabilities, indicating strong fiscal management.
What is the trend in revenue for Old Cheney Road Farmers Market Inc?
Revenue for Old Cheney Road Farmers Market Inc has fluctuated over the past decade, ranging from a low of $39,953 in 2020 to a high of $80,072 in 2018. The latest reported revenue for 2023 was $47,409, showing some variability but generally stable operations.
Filing History
IRS 990 filing history for Old Cheney Road Farmers Market Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Old Cheney Road Farmers Market Inc's revenue has grown by 6.5%, moving from $45K to $47K. Total assets increased by 490.4% over the same period, from $10K to $61K. Total functional expenses fell by 33.6%, from $60K to $40K. In its most recent filing year (2023), Old Cheney Road Farmers Market Inc reported a surplus of $8K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $47K | $40K | $61K | $0 | — | — |
| 2022 | $60K | $61K | $53K | $0 | — | View 990 |
| 2021 | $63K | $48K | $54K | $0 | — | — |
| 2020 | $40K | $43K | $39K | $0 | — | — |
| 2019 | $60K | $51K | $42K | $0 | — | View 990 |
| 2018 | $80K | $77K | $34K | $0 | — | View 990 |
| 2017 | $44K | $44K | $31K | $536 | — | View 990 |
| 2016 | $52K | $54K | $30K | $0 | — | View 990 |
| 2015 | $46K | $49K | $33K | $0 | — | View 990 |
| 2014 | $41K | $39K | $36K | $0 | — | View 990 |
| 2013 | $33K | $33K | $34K | $0 | — | View 990 |
| 2012 | $64K | $39K | $35K | $27 | — | View 990 |
| 2011 | $45K | $60K | $10K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $47K, expenses of $40K, and assets of $61K (revenue -21.0% year-over-year).
- 2022: Revenue of $60K, expenses of $61K, and assets of $53K (revenue -5.1% year-over-year).
- 2021: Revenue of $63K, expenses of $48K, and assets of $54K (revenue +58.3% year-over-year).
- 2020: Revenue of $40K, expenses of $43K, and assets of $39K (revenue -32.9% year-over-year).
- 2019: Revenue of $60K, expenses of $51K, and assets of $42K (revenue -25.6% year-over-year).
- 2018: Revenue of $80K, expenses of $77K, and assets of $34K (revenue +80.8% year-over-year).
- 2017: Revenue of $44K, expenses of $44K, and assets of $31K (revenue -14.0% year-over-year).
- 2016: Revenue of $52K, expenses of $54K, and assets of $30K (revenue +13.2% year-over-year).
- 2015: Revenue of $46K, expenses of $49K, and assets of $33K (revenue +12.3% year-over-year).
- 2014: Revenue of $41K, expenses of $39K, and assets of $36K (revenue +23.7% year-over-year).
- 2013: Revenue of $33K, expenses of $33K, and assets of $34K (revenue -48.8% year-over-year).
- 2012: Revenue of $64K, expenses of $39K, and assets of $35K (revenue +43.8% year-over-year).
- 2011: Revenue of $45K, expenses of $60K, and assets of $10K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Old Cheney Road Farmers Market Inc:
Data Sources and Methodology
This transparency report for Old Cheney Road Farmers Market Inc 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.