Raymond G And Ada M Cornelius Student Aid Fund
EIN: 236792901 · Las Vegas, NV · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $48K |
| Total Expenses | $7K |
| Net Assets | $99K |
Is Raymond G And Ada M Cornelius Student Aid Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Raymond G And Ada M Cornelius Student Aid Fund
Raymond G And Ada M Cornelius Student Aid Fund (EIN: 236792901) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code B82. The organization reported total revenue of $48K and total assets of $92K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Raymond G And Ada M Cornelius Student Aid Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Raymond G And Ada M Cornelius Student Aid Fund is a micro nonprofit that has been operating for 22 years, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of -26.2%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $7K |
| Surplus / Deficit | $-5,138 |
| Total Assets | $99K |
| Net Assets | $99K |
| Operating Margin | -267.9% |
| Months of Reserves | 168.1 months |
Financial Health Grade: B
In 2016, Raymond G And Ada M Cornelius Student Aid Fund reported a deficit of $5K with expenses exceeding revenue, holds 168.1 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2011–2016), Raymond G And Ada M Cornelius Student Aid Fund's revenue has declined at a compound annual growth rate (CAGR) of -26.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -67.0% | -2.9% | -4.0% |
| 2015 | +26.0% | +2.5% | -1.5% |
| 2014 | +35.7% | +11.5% | -2.3% |
| 2013 | +3.3% | +2.3% | -2.5% |
| 2012 | -62.6% | -15.6% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Raymond G And Ada M Cornelius Student Aid Fund has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Raymond G And Ada M Cornelius Student Aid Fund with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
Frequently Asked Questions about Raymond G And Ada M Cornelius Student Aid Fund
Is Raymond G And Ada M Cornelius Student Aid Fund a legitimate charity?
Raymond G And Ada M Cornelius Student Aid Fund (EIN: 236792901) is a registered tax-exempt nonprofit based in Nevada. It has 6 years of IRS 990 filings on record. Total revenue: $48K. No red flags identified. Financial health grade: B.
How does Raymond G And Ada M Cornelius Student Aid Fund spend its money?
Raymond G And Ada M Cornelius Student Aid Fund reported $48K in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Raymond G And Ada M Cornelius Student Aid Fund tax-deductible?
Raymond G And Ada M Cornelius Student Aid Fund is registered as a tax-exempt nonprofit (EIN: 236792901). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Raymond G And Ada M Cornelius Student Aid Fund located?
Raymond G And Ada M Cornelius Student Aid Fund is headquartered in Las Vegas, Nevada and files with the IRS under EIN 236792901. It is classified under NTEE code B82.
How many years of IRS 990 filings does Raymond G And Ada M Cornelius Student Aid Fund have?
Raymond G And Ada M Cornelius Student Aid Fund has 6 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 $48K in total revenue.
Filing History
IRS 990 filing history for Raymond G And Ada M Cornelius Student Aid Fund showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Raymond G And Ada M Cornelius Student Aid Fund's revenue has declined by 78.2%, moving from $9K to $2K. Total assets decreased by 12.3% over the same period, from $113K to $99K. Total functional expenses fell by 4.1%, from $7K to $7K. In its most recent filing year (2016), Raymond G And Ada M Cornelius Student Aid Fund reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $2K | $7K | $99K | $0 | — | View 990 |
| 2015 | $6K | $7K | $103K | $0 | — | View 990 |
| 2014 | $5K | $7K | $105K | $0 | — | View 990 |
| 2013 | $3K | $6K | $107K | $0 | — | View 990 |
| 2012 | $3K | $6K | $110K | $1 | — | View 990 |
| 2011 | $9K | $7K | $113K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $2K, expenses of $7K, and assets of $99K (revenue -67.0% year-over-year).
- 2015: Revenue of $6K, expenses of $7K, and assets of $103K (revenue +26.0% year-over-year).
- 2014: Revenue of $5K, expenses of $7K, and assets of $105K (revenue +35.7% year-over-year).
- 2013: Revenue of $3K, expenses of $6K, and assets of $107K (revenue +3.3% year-over-year).
- 2012: Revenue of $3K, expenses of $6K, and assets of $110K (revenue -62.6% year-over-year).
- 2011: Revenue of $9K, expenses of $7K, and assets of $113K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Raymond G And Ada M Cornelius Student Aid Fund:
Data Sources and Methodology
This transparency report for Raymond G And Ada M Cornelius Student Aid Fund 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.