Olin Community & School Foundation
Olin Community & School Foundation shows declining assets and consistent expense overruns.
EIN: 204093927 · Olin, IA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $7K |
| Program Spending | 80% |
| Net Assets | $4K |
| Transparency Score | 55/100 |
Is Olin Community & School Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Olin Community & School Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Olin Community & School Foundation
Olin Community & School Foundation (EIN: 204093927) is a nonprofit organization based in Olin, IA. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Olin Community & School Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Olin Community & School Foundation is a micro nonprofit, with 5 years of IRS 990 filings on record (2010–2014). Revenue has grown at a compound annual rate of 31.4%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $765 |
| Total Expenses | $7K |
| Surplus / Deficit | $-6,247 |
| Total Assets | $4K |
| Net Assets | $4K |
| Operating Margin | -816.6% |
| Months of Reserves | 7.3 months |
Financial Health Grade: B
In 2014, Olin Community & School Foundation reported a deficit of $6K with expenses exceeding revenue, holds 7.3 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2010–2014), Olin Community & School Foundation's revenue has grown at a compound annual growth rate (CAGR) of 31.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2013 | -100.0% | -84.0% | -16.6% |
| 2012 | +1732.4% | +508.0% | +32.5% |
| 2011 | -6.2% | +5.1% | -16.8% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Olin Community & School Foundation with a Mission Score of 55 out of 100 (Fair). 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, Olin Community & School Foundation 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 (2014)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
Executive Compensation Analysis
No officer compensation has been reported across all five filings, indicating that the organization is likely run by volunteers, which is common for very small nonprofits and helps minimize administrative overhead.
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 Olin Community & School Foundation's IRS 990 filings:
- Consistent expenses exceeding revenue (e.g., $765 revenue vs. $7,012 expenses in 2014).
- Declining asset base over time (from $11,450 in 2010 to $4,279 in 2014).
- Latest filing shows $0 revenue and $0 assets, potentially indicating dormancy or cessation of operations.
Strengths
The following positive indicators were identified for Olin Community & School Foundation:
- No reported officer compensation, suggesting volunteer leadership and low overhead.
- Consistent IRS 990 filing history, indicating transparency in reporting.
Frequently Asked Questions about Olin Community & School Foundation
Is Olin Community & School Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Olin Community & School Foundation (EIN: 204093927) some concerns. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
How does Olin Community & School Foundation spend its money?
Olin Community & School Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Olin Community & School Foundation tax-deductible?
Olin Community & School Foundation is registered as a tax-exempt nonprofit (EIN: 204093927). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Olin Community & School Foundation's spending goes to programs?
Olin Community & School Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Olin Community & School Foundation located?
Olin Community & School Foundation is headquartered in Olin, Iowa and files with the IRS under EIN 204093927.
How many years of IRS 990 filings does Olin Community & School Foundation have?
Olin Community & School Foundation has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Olin Community & School Foundation financially sustainable?
Based on the provided data, the organization's financial sustainability is questionable. Its expenses have consistently exceeded its revenue, and its assets have declined from $11,450 in 2010 to $4,279 in 2014, with the latest filing showing $0 in both revenue and assets. This trend suggests a reliance on depleting reserves rather than generating sufficient income.
What caused the significant drop in assets and revenue to $0 in the latest period?
The provided data does not specify the reason for the drop to $0 in both revenue and assets in the latest period. This could indicate dormancy, dissolution, or a significant restructuring not detailed in the summary.
How does the organization fund its operations given the low revenue?
The organization appears to fund its operations primarily by drawing down its existing assets, as evidenced by the consistent decline in assets and expenses often exceeding revenue. For example, in 2014, expenses were $7,012 while revenue was only $765, indicating a significant draw from reserves.
Filing History
IRS 990 filing history for Olin Community & School Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2010–2014), Olin Community & School Foundation's revenue has grown by 197.7%, moving from $257 to $765. Total assets decreased by 62.6% over the same period, from $11K to $4K. Total functional expenses rose by 240.9%, from $2K to $7K. In its most recent filing year (2014), Olin Community & School Foundation reported a deficit of $6K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $765 | $7K | $4K | $0 | — | View 990 |
| 2013 | $0 | $2K | $11K | $0 | — | View 990 |
| 2012 | $4K | $13K | $13K | $0 | — | View 990 |
| 2011 | $241 | $2K | $10K | $0 | — | View 990 |
| 2010 | $257 | $2K | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $765, expenses of $7K, and assets of $4K.
- 2013: Revenue of $0, expenses of $2K, and assets of $11K (revenue -100.0% year-over-year).
- 2012: Revenue of $4K, expenses of $13K, and assets of $13K (revenue +1732.4% year-over-year).
- 2011: Revenue of $241, expenses of $2K, and assets of $10K (revenue -6.2% year-over-year).
- 2010: Revenue of $257, expenses of $2K, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Olin Community & School Foundation:
Data Sources and Methodology
This transparency report for Olin Community & School Foundation 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.