Simmons College Of Kentucky Inc
Simmons College Of Kentucky Inc shows strong revenue and asset growth with no reported officer compensation.
EIN: 205289168 · Louisville, KY · NTEE: B43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17.5M |
| Total Expenses | $12.5M |
| Program Spending | 90% |
| Net Assets | $14.4M |
| Transparency Score | 92/100 |
Is Simmons College Of Kentucky Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Simmons College Of Kentucky Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Simmons College Of Kentucky Inc
Simmons College Of Kentucky Inc (EIN: 205289168) is a nonprofit organization based in Louisville, KY, classified under NTEE code B43. The organization reported total revenue of $17.5M and total assets of $22.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Simmons College Of Kentucky Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Simmons College Of Kentucky Inc is a large nonprofit that has been operating for 19 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 21.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.1M |
| Total Expenses | $12.5M |
| Surplus / Deficit | $-395,590 |
| Total Assets | $17.2M |
| Total Liabilities | $2.8M |
| Net Assets | $14.4M |
| Operating Margin | -3.3% |
| Debt-to-Asset Ratio | 16.5% |
| Months of Reserves | 16.5 months |
Financial Health Grade: B
In 2023, Simmons College Of Kentucky Inc reported a deficit of $396K with expenses exceeding revenue, holds 16.5 months of operating reserves (strong position), has a debt-to-asset ratio of 16.5% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Simmons College Of Kentucky Inc's revenue has grown at a compound annual growth rate (CAGR) of 21.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.7% | +36.0% | -2.1% |
| 2022 | +72.1% | +100.0% | +58.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Simmons College Of Kentucky Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Simmons College Of Kentucky Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $396K, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.5%.
Executive Compensation Analysis
Simmons College Of Kentucky Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries were paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size and revenue, and suggests a strong commitment to mission-focused spending.
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 Simmons College Of Kentucky Inc's IRS 990 filings:
- Operational deficit in the 202306 period where expenses ($12,539,325) exceeded revenue ($12,143,735).
Strengths
The following positive indicators were identified for Simmons College Of Kentucky Inc:
- Significant revenue growth from $8.27 million in 2021 to $17.46 million currently.
- Consistent 0% officer compensation reported across all filings, indicating strong financial transparency and mission focus.
- Substantial asset growth from $11.11 million in 2021 to $22.13 million currently, enhancing organizational capacity.
- Positive net assets, with assets significantly exceeding liabilities ($22,129,604 vs. $2,834,586 in 2023).
Frequently Asked Questions about Simmons College Of Kentucky Inc
Is Simmons College Of Kentucky Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Simmons College Of Kentucky Inc (EIN: 205289168) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Simmons College Of Kentucky Inc spend its money?
Simmons College Of Kentucky Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Simmons College Of Kentucky Inc tax-deductible?
Simmons College Of Kentucky Inc is registered as a tax-exempt nonprofit (EIN: 205289168). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Simmons College Of Kentucky Inc's spending goes to programs?
Simmons College Of Kentucky Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Simmons College Of Kentucky Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Simmons College Of Kentucky Inc is above average for NTEE category B43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Simmons College Of Kentucky Inc located?
Simmons College Of Kentucky Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 205289168. It is classified under NTEE code B43.
How many years of IRS 990 filings does Simmons College Of Kentucky Inc have?
Simmons College Of Kentucky Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $17.5M in total revenue.
Is Simmons College Of Kentucky Inc a good charity?
Based on the available data, Simmons College Of Kentucky Inc appears to be a well-managed organization with strong financial growth and a clear commitment to its mission, as evidenced by its 0% officer compensation and increasing assets. The consistent growth in revenue and assets, from $8.27 million in 2021 to $17.46 million currently, suggests effective operations and donor support.
How has Simmons College Of Kentucky Inc's revenue changed over time?
Simmons College Of Kentucky Inc has experienced significant revenue growth, increasing from $8,273,027 in 2021 to $14,241,631 in 2022, and $12,143,735 in 2023, with the latest reported revenue at $17,464,439. This indicates a strong upward trend in financial support.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, meaning no salaries were paid to officers, directors, trustees, or key employees. This is a highly transparent and mission-focused approach to executive compensation.
Filing History
IRS 990 filing history for Simmons College Of Kentucky Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Simmons College Of Kentucky Inc's revenue has grown by 46.8%, moving from $8.3M to $12.1M. Total assets increased by 54.8% over the same period, from $11.1M to $17.2M. Total functional expenses rose by 172.1%, from $4.6M to $12.5M. In its most recent filing year (2023), Simmons College Of Kentucky Inc reported a deficit of $396K, with expenses exceeding revenue. The organization holds $2.8M in liabilities against $17.2M in assets (debt-to-asset ratio: 16.5%), resulting in net assets of $14.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.1M | $12.5M | $17.2M | $2.8M | — | — |
| 2022 | $14.2M | $9.2M | $17.6M | $2.8M | — | View 990 |
| 2021 | $8.3M | $4.6M | $11.1M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.1M, expenses of $12.5M, and assets of $17.2M (revenue -14.7% year-over-year).
- 2022: Revenue of $14.2M, expenses of $9.2M, and assets of $17.6M (revenue +72.1% year-over-year).
- 2021: Revenue of $8.3M, expenses of $4.6M, and assets of $11.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Simmons College Of Kentucky Inc:
Data Sources and Methodology
This transparency report for Simmons College Of Kentucky 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.