Something Cool Incorporated
EIN: 411941630 · Mcgregor, MN · NTEE: O20
| Metric | Value |
|---|---|
| Total Revenue | $208K |
| Total Expenses | $193K |
| Net Assets | $25K |
Is Something Cool Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Something Cool Incorporated
Something Cool Incorporated (EIN: 411941630) is a nonprofit organization based in Mcgregor, MN, classified under NTEE code O20. The organization reported total revenue of $208K and total assets of $37K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Something Cool Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Something Cool Incorporated is a small nonprofit that has been operating for 26 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 21.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $208K |
| Total Expenses | $193K |
| Surplus / Deficit | +$15K |
| Total Assets | $37K |
| Total Liabilities | $12K |
| Net Assets | $25K |
| Operating Margin | 7.4% |
| Debt-to-Asset Ratio | 33.1% |
| Months of Reserves | 2.3 months |
Financial Health Grade: A
In 2023, Something Cool Incorporated reported a surplus of $15K with revenue exceeding expenses, holds 2.3 months of operating reserves (limited), has a debt-to-asset ratio of 33.1% (moderate leverage).
Financial Trends
Over 7 years of filings (2017–2023), Something Cool Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 21.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +82.3% | +61.9% | +110.9% |
| 2022 | +18.9% | +31.3% | -34.6% |
| 2021 | -18.9% | -17.8% | +30.4% |
| 2020 | +72.3% | +78.2% | +378.3% |
| 2019 | -2.0% | -12.5% | -25.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Something Cool Incorporated 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 Something Cool Incorporated 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $15K, with revenue exceeding expenses.
- Debt-to-asset ratio: 33.1%.
Frequently Asked Questions about Something Cool Incorporated
Is Something Cool Incorporated a legitimate charity?
Something Cool Incorporated (EIN: 411941630) is a registered tax-exempt nonprofit based in Minnesota. It has 7 years of IRS 990 filings on record. Total revenue: $208K. No red flags identified. Financial health grade: A.
How does Something Cool Incorporated spend its money?
Something Cool Incorporated reported $208K in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Something Cool Incorporated tax-deductible?
Something Cool Incorporated is registered as a tax-exempt nonprofit (EIN: 411941630). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Something Cool Incorporated located?
Something Cool Incorporated is headquartered in Mcgregor, Minnesota and files with the IRS under EIN 411941630. It is classified under NTEE code O20.
How many years of IRS 990 filings does Something Cool Incorporated have?
Something Cool Incorporated has 7 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 $208K in total revenue.
Filing History
IRS 990 filing history for Something Cool Incorporated showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Something Cool Incorporated's revenue has grown by 214.6%, moving from $66K to $208K. Total assets increased by 568.3% over the same period, from $6K to $37K. Total functional expenses rose by 137.5%, from $81K to $193K. In its most recent filing year (2023), Something Cool Incorporated reported a surplus of $15K, with revenue exceeding expenses. The organization holds $12K in liabilities against $37K in assets (debt-to-asset ratio: 33.1%), resulting in net assets of $25K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $208K | $193K | $37K | $12K | — | — |
| 2022 | $114K | $119K | $17K | $10K | — | View 990 |
| 2021 | $96K | $91K | $27K | $4K | — | View 990 |
| 2020 | $119K | $111K | $21K | $3K | — | — |
| 2019 | $69K | $62K | $4K | $2K | — | View 990 |
| 2018 | $70K | $71K | $6K | $3K | — | View 990 |
| 2017 | $66K | $81K | $6K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $208K, expenses of $193K, and assets of $37K (revenue +82.3% year-over-year).
- 2022: Revenue of $114K, expenses of $119K, and assets of $17K (revenue +18.9% year-over-year).
- 2021: Revenue of $96K, expenses of $91K, and assets of $27K (revenue -18.9% year-over-year).
- 2020: Revenue of $119K, expenses of $111K, and assets of $21K (revenue +72.3% year-over-year).
- 2019: Revenue of $69K, expenses of $62K, and assets of $4K (revenue -2.0% year-over-year).
- 2018: Revenue of $70K, expenses of $71K, and assets of $6K (revenue +5.9% year-over-year).
- 2017: Revenue of $66K, expenses of $81K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Something Cool Incorporated:
Data Sources and Methodology
This transparency report for Something Cool Incorporated 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.