Pederson Krag Center Inc
Pederson Krag Center Inc. consistently operated at a deficit from 2011-2014, with liabilities exceeding assets, and reported $0 revenue and assets in its latest filing.
EIN: 111955477 · Huntington, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $25.8M |
| Program Spending | 75% |
| Net Assets | $-10,216,150 |
| Transparency Score | 35/100 |
Is Pederson Krag Center Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pederson Krag Center Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pederson Krag Center Inc
Pederson Krag Center Inc (EIN: 111955477) is a nonprofit organization based in Huntington, NY. 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 Pederson Krag Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pederson Krag Center Inc is a large nonprofit, with 4 years of IRS 990 filings on record (2011–2014). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $25.7M |
| Total Expenses | $25.8M |
| Surplus / Deficit | $-42,752 |
| Total Assets | $21.4M |
| Total Liabilities | $31.6M |
| Net Assets | $-10,216,150 |
| Operating Margin | -0.2% |
| Debt-to-Asset Ratio | 147.8% |
| Months of Reserves | 10.0 months |
Financial Health Grade: C
In 2014, Pederson Krag Center Inc reported a deficit of $43K with expenses exceeding revenue, holds 10.0 months of operating reserves (strong position), has a debt-to-asset ratio of 147.8% (high leverage).
Financial Trends
Over 4 years of filings (2011–2014), Pederson Krag Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | +1.0% | -8.5% | -4.4% |
| 2013 | -7.7% | -3.2% | -14.2% |
| 2012 | +10.4% | -13.2% | +2.4% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Pederson Krag Center Inc with a Mission Score of 35 out of 100 (Poor). 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, Pederson Krag Center Inc 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 (2014)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $43K, with expenses exceeding revenue.
- Debt-to-asset ratio: 147.8%.
Executive Compensation Analysis
Officer compensation was reported as 0% across all available filing periods (2011-2014), which is unusual for an organization of its size with revenues consistently in the tens of millions, suggesting either no paid officers or compensation is reported under different categories.
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 Pederson Krag Center Inc's IRS 990 filings:
- Consistent operational deficits from 2011-2014 (e.g., 2011: $25M revenue vs. $33.5M expenses)
- Liabilities consistently exceeding assets (e.g., 2014: $21.4M assets vs. $31.6M liabilities)
- Latest filing shows $0 revenue and $0 assets, indicating potential cessation or significant change without explanation
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data
- Unusually low or zero reported officer compensation for an organization of its size
Strengths
The following positive indicators were identified for Pederson Krag Center Inc:
- No reported officer compensation, potentially indicating efficient use of funds at the executive level (if accurate and complete)
Frequently Asked Questions about Pederson Krag Center Inc
Is Pederson Krag Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Pederson Krag Center Inc (EIN: 111955477) significant concerns. Mission Score: 35/100. 5 red flags identified, 1 strength noted.
How does Pederson Krag Center Inc spend its money?
Pederson Krag Center Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pederson Krag Center Inc tax-deductible?
Pederson Krag Center Inc is registered as a tax-exempt nonprofit (EIN: 111955477). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Pederson Krag Center Inc's spending goes to programs?
Pederson Krag Center Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Pederson Krag Center Inc located?
Pederson Krag Center Inc is headquartered in Huntington, New York and files with the IRS under EIN 111955477.
How many years of IRS 990 filings does Pederson Krag Center Inc have?
Pederson Krag Center Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
What caused the consistent operational deficits from 2011-2014?
The provided data shows expenses consistently exceeded revenue, for example, in 2011, expenses were $33,493,349 against revenues of $25,002,768, but the specific causes are not detailed in the summary.
Why are the latest reported revenue and assets $0?
The latest data indicates $0 revenue and $0 assets, which could signify a cessation of operations, a merger, or a reporting error, and requires further investigation beyond the provided summary.
How does Pederson Krag Center Inc. plan to address its significant liabilities exceeding assets?
From 2011 to 2014, liabilities consistently outweighed assets (e.g., in 2014, assets were $21,382,533 while liabilities were $31,598,683), indicating a solvency issue, but the organization's plans to address this are not detailed.
Is the 0% officer compensation accurate, and if so, how are key leadership roles compensated?
The filings consistently report 0% officer compensation, which is atypical for an organization with multi-million dollar revenues and expenses, suggesting compensation might be structured differently or not reported under this specific line item.
Filing History
IRS 990 filing history for Pederson Krag Center Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), Pederson Krag Center Inc's revenue has grown by 2.9%, moving from $25.0M to $25.7M. Total assets decreased by 16% over the same period, from $25.5M to $21.4M. Total functional expenses fell by 23.1%, from $33.5M to $25.8M. In its most recent filing year (2014), Pederson Krag Center Inc reported a deficit of $43K, with expenses exceeding revenue. The organization holds $31.6M in liabilities against $21.4M in assets (debt-to-asset ratio: 147.8%), resulting in net assets of $-10,216,150.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $25.7M | $25.8M | $21.4M | $31.6M | — | View 990 |
| 2013 | $25.5M | $28.2M | $22.4M | $32.6M | — | View 990 |
| 2012 | $27.6M | $29.1M | $26.1M | $33.6M | — | View 990 |
| 2011 | $25.0M | $33.5M | $25.5M | $31.5M | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $25.7M, expenses of $25.8M, and assets of $21.4M (revenue +1.0% year-over-year).
- 2013: Revenue of $25.5M, expenses of $28.2M, and assets of $22.4M (revenue -7.7% year-over-year).
- 2012: Revenue of $27.6M, expenses of $29.1M, and assets of $26.1M (revenue +10.4% year-over-year).
- 2011: Revenue of $25.0M, expenses of $33.5M, and assets of $25.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pederson Krag Center Inc:
Data Sources and Methodology
This transparency report for Pederson Krag Center 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.