Sheep Inc
Sheep Inc. reported $3,000,000 in revenue and expenses in 2016 with no officer compensation.
EIN: 10684273 · Alcoa, TN · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $3.0M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $3,000,000 |
| Net Assets | $40.0M |
| Transparency Score | 65/100 |
Is Sheep Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sheep Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sheep Inc
Sheep Inc (EIN: 10684273) is a nonprofit organization based in Alcoa, TN. 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 Sheep Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sheep Inc is a mid-size nonprofit.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $3.0M |
| Surplus / Deficit | +$0 |
| Total Assets | $43.0M |
| Total Liabilities | $3.0M |
| Net Assets | $40.0M |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 7.0% |
| Months of Reserves | 172.0 months |
Financial Health Grade: A
In 2016, Sheep Inc reported a surplus of $0 with revenue exceeding expenses, holds 172.0 months of operating reserves (strong position), has a debt-to-asset ratio of 7.0% (very low leverage).
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sheep Inc with a Mission Score of 65 out of 100 (Good). 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, Sheep 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 (2016)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.0%.
Executive Compensation Analysis
In 2016, Sheep Inc. reported 0% officer compensation, which is highly unusual for an organization with $3,000,000 in expenses and could suggest a volunteer-led structure or that compensation is not reported under this category.
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 Sheep Inc's IRS 990 filings:
- Lack of recent financial data beyond 2016, with current revenue reported as $0.
- Unknown NTEE code, hindering understanding of organizational purpose.
- 0% officer compensation for an organization with $3,000,000 in expenses, which is atypical and warrants further investigation.
Strengths
The following positive indicators were identified for Sheep Inc:
- Strong asset base of $43,000,000 relative to liabilities of $3,000,000 in 2016.
- Break-even financial performance in 2016, with revenue matching expenses.
Frequently Asked Questions about Sheep Inc
Is Sheep Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sheep Inc (EIN: 10684273) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Sheep Inc spend its money?
Sheep Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sheep Inc tax-deductible?
Sheep Inc is registered as a tax-exempt nonprofit (EIN: 10684273). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sheep Inc CEO make?
Sheep Inc's highest-compensated officer earns $3,000,000 annually. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Sheep Inc's spending goes to programs?
Sheep Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Sheep Inc located?
Sheep Inc is headquartered in Alcoa, Tennessee and files with the IRS under EIN 10684273.
What is the current financial status of Sheep Inc. given the latest revenue is reported as $0?
The provided data only includes a 2016 filing. The 'Latest Revenue: $0' suggests no more recent filings or activity, making it impossible to assess current financial health.
Why was officer compensation reported as 0% in 2016?
A 0% officer compensation could indicate that the organization is entirely volunteer-run, or that executive compensation is reported under a different expense category not detailed in the provided summary.
What is the NTEE code for Sheep Inc. and what programs do they run?
The NTEE code is listed as 'Unknown', and the provided data does not offer details on specific programs or mission activities.
Filing History
IRS 990 filing history for Sheep Inc showing financial trends over 1 year of public records:
In its most recent filing year (2016), Sheep Inc reported a surplus of $0, with revenue exceeding expenses. The organization holds $3.0M in liabilities against $43.0M in assets (debt-to-asset ratio: 7.0%), resulting in net assets of $40.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $3.0M | $3.0M | $43.0M | $3.0M | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sheep Inc:
Data Sources and Methodology
This transparency report for Sheep 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.