Schmitt Island Development Corporation
EIN: 920629253 · Dubuque, IA · NTEE: W99
About Schmitt Island Development Corporation
Schmitt Island Development Corporation (EIN: 920629253) is a nonprofit organization based in Dubuque, IA, classified under NTEE code W99. The organization reported total revenue of $1.4M and total assets of $800K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Schmitt Island Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Schmitt Island Development Corporation 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 Schmitt Island Development Corporation 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.
Filing History
IRS 990 filing history for Schmitt Island Development Corporation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Schmitt Island Development Corporation's revenue has grown by 133.6%, moving from $696K to $1.6M. Total assets increased by 56.6% over the same period, from $606K to $949K. Total functional expenses rose by 279.2%, from $340K to $1.3M. In its most recent filing year (2023), Schmitt Island Development Corporation reported a surplus of $338K, with revenue exceeding expenses. The organization holds $255K in liabilities against $949K in assets (debt-to-asset ratio: 26.9%), resulting in net assets of $694K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.3M | $949K | $255K | — | — |
| 2022 | $696K | $340K | $606K | $250K | — | View 990 |
Data Sources and Methodology
This transparency report for Schmitt Island Development Corporation 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.