Southeast Library System
EIN: 510238821 · Lincoln, NE
| Metric | Value |
|---|---|
| Total Revenue | $194K |
| Total Expenses | $185K |
| Net Assets | $177K |
Is Southeast Library System Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Southeast Library System
Southeast Library System (EIN: 510238821) is a nonprofit organization based in Lincoln, NE. The organization reported total revenue of $194K and total assets of $191K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southeast Library System's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southeast Library System is a small nonprofit that has been operating for 49 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $187K |
| Total Expenses | $185K |
| Surplus / Deficit | +$2K |
| Total Assets | $183K |
| Total Liabilities | $6K |
| Net Assets | $177K |
| Operating Margin | 1.2% |
| Debt-to-Asset Ratio | 3.4% |
| Months of Reserves | 11.9 months |
Financial Health Grade: A
In 2024, Southeast Library System reported a surplus of $2K with revenue exceeding expenses, holds 11.9 months of operating reserves (strong position), has a debt-to-asset ratio of 3.4% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Southeast Library System's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +4.2% | +5.3% | +0.7% |
| 2023 | +0.3% | +9.4% | -4.7% |
| 2022 | +10.2% | +4.8% | +18.4% |
| 2021 | -0.1% | +1.5% | +7.2% |
| 2020 | -2.9% | -5.7% | +10.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1977 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Southeast Library System 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 Southeast Library System 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.4%.
Frequently Asked Questions about Southeast Library System
Is Southeast Library System a legitimate charity?
Southeast Library System (EIN: 510238821) is a registered tax-exempt nonprofit based in Nebraska. It has 14 years of IRS 990 filings on record. Total revenue: $194K. No red flags identified. Financial health grade: A.
How does Southeast Library System spend its money?
Southeast Library System reported $194K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Southeast Library System tax-deductible?
Southeast Library System is registered as a tax-exempt nonprofit (EIN: 510238821). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Southeast Library System located?
Southeast Library System is headquartered in Lincoln, Nebraska and files with the IRS under EIN 510238821.
How many years of IRS 990 filings does Southeast Library System have?
Southeast Library System has 14 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 $194K in total revenue.
Filing History
IRS 990 filing history for Southeast Library System showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Southeast Library System's revenue has grown by 42.5%, moving from $131K to $187K. Total assets increased by 364% over the same period, from $39K to $183K. Total functional expenses rose by 48.7%, from $124K to $185K. In its most recent filing year (2024), Southeast Library System reported a surplus of $2K, with revenue exceeding expenses. The organization holds $6K in liabilities against $183K in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $177K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $187K | $185K | $183K | $6K | — | — |
| 2023 | $180K | $176K | $182K | $7K | — | — |
| 2022 | $179K | $160K | $191K | $20K | — | View 990 |
| 2021 | $162K | $153K | $161K | $9K | — | — |
| 2020 | $163K | $151K | $150K | $7K | — | View 990 |
| 2019 | $168K | $160K | $136K | $4K | — | View 990 |
| 2018 | $168K | $162K | $128K | $5K | — | — |
| 2017 | $165K | $160K | $124K | $6K | — | View 990 |
| 2016 | $168K | $152K | $116K | $4K | — | View 990 |
| 2015 | $146K | $120K | $103K | $6K | — | View 990 |
| 2014 | $109K | $97K | $75K | $4K | — | View 990 |
| 2013 | $149K | $107K | $61K | $2K | — | View 990 |
| 2012 | $117K | $127K | $28K | $11K | — | View 990 |
| 2011 | $131K | $124K | $39K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $187K, expenses of $185K, and assets of $183K (revenue +4.2% year-over-year).
- 2023: Revenue of $180K, expenses of $176K, and assets of $182K (revenue +0.3% year-over-year).
- 2022: Revenue of $179K, expenses of $160K, and assets of $191K (revenue +10.2% year-over-year).
- 2021: Revenue of $162K, expenses of $153K, and assets of $161K (revenue -0.1% year-over-year).
- 2020: Revenue of $163K, expenses of $151K, and assets of $150K (revenue -2.9% year-over-year).
- 2019: Revenue of $168K, expenses of $160K, and assets of $136K (revenue -0.4% year-over-year).
- 2018: Revenue of $168K, expenses of $162K, and assets of $128K (revenue +1.9% year-over-year).
- 2017: Revenue of $165K, expenses of $160K, and assets of $124K (revenue -1.7% year-over-year).
- 2016: Revenue of $168K, expenses of $152K, and assets of $116K (revenue +15.4% year-over-year).
- 2015: Revenue of $146K, expenses of $120K, and assets of $103K (revenue +33.2% year-over-year).
- 2014: Revenue of $109K, expenses of $97K, and assets of $75K (revenue -26.8% year-over-year).
- 2013: Revenue of $149K, expenses of $107K, and assets of $61K (revenue +27.4% year-over-year).
- 2012: Revenue of $117K, expenses of $127K, and assets of $28K (revenue -10.9% year-over-year).
- 2011: Revenue of $131K, expenses of $124K, and assets of $39K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southeast Library System:
Data Sources and Methodology
This transparency report for Southeast Library System 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.