Storm Lake School District Foundation
EIN: 421226546 · Storm Lake, IA
| Metric | Value |
|---|---|
| Total Revenue | $81K |
| Total Expenses | $3K |
| Net Assets | $456K |
Is Storm Lake School District Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Storm Lake School District Foundation
Storm Lake School District Foundation (EIN: 421226546) is a nonprofit organization based in Storm Lake, IA. The organization reported total revenue of $81K and total assets of $513K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Storm Lake School District Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Storm Lake School District Foundation is a micro nonprofit that has been operating for 42 years, with 11 years of IRS 990 filings on record (2014–2024). Revenue has grown at a compound annual rate of 62.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $113K |
| Total Expenses | $3K |
| Surplus / Deficit | +$111K |
| Total Assets | $456K |
| Net Assets | $456K |
| Operating Margin | 97.8% |
| Months of Reserves | 2186.6 months |
Financial Health Grade: A
In 2024, Storm Lake School District Foundation reported a surplus of $111K with revenue exceeding expenses, holds 2186.6 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2014–2024), Storm Lake School District Foundation's revenue has grown at a compound annual growth rate (CAGR) of 62.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +64.1% | -92.4% | +32.8% |
| 2023 | +1.8% | +114.2% | +11.8% |
| 2022 | -5.5% | -64.0% | +20.5% |
| 2021 | +73.7% | +394.4% | +13.3% |
| 2020 | +2.0% | -48.0% | +17.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Storm Lake School District Foundation 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 Storm Lake School District Foundation 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 $111K, with revenue exceeding expenses.
Frequently Asked Questions about Storm Lake School District Foundation
Is Storm Lake School District Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Storm Lake School District Foundation (EIN: 421226546) insufficient data. 0 red flags identified, 0 strengths noted.
How does Storm Lake School District Foundation spend its money?
Detailed spending breakdown data is not yet available for Storm Lake School District Foundation. Check back for updated IRS 990 analysis.
Are donations to Storm Lake School District Foundation tax-deductible?
Storm Lake School District Foundation is registered as a tax-exempt nonprofit (EIN: 421226546). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Storm Lake School District Foundation located?
Storm Lake School District Foundation is headquartered in Storm Lake, Iowa and files with the IRS under EIN 421226546.
How many years of IRS 990 filings does Storm Lake School District Foundation have?
Storm Lake School District Foundation has 11 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 $81K in total revenue.
Filing History
IRS 990 filing history for Storm Lake School District Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2014–2024), Storm Lake School District Foundation's revenue has grown by 12330.6%, moving from $913 to $113K. Total assets increased by 491.3% over the same period, from $77K to $456K. In its most recent filing year (2024), Storm Lake School District Foundation reported a surplus of $111K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $113K | $3K | $456K | $0 | — | — |
| 2023 | $69K | $33K | $343K | $0 | — | View 990 |
| 2022 | $68K | $15K | $307K | $0 | — | View 990 |
| 2021 | $72K | $43K | $255K | $0 | — | — |
| 2020 | $41K | $9K | $225K | $0 | — | View 990 |
| 2019 | $41K | $17K | $192K | $0 | — | View 990 |
| 2018 | $28K | $8K | $168K | $0 | — | View 990 |
| 2017 | $21K | $14K | $148K | $0 | — | View 990 |
| 2016 | $75K | $11K | $140K | $0 | — | View 990 |
| 2015 | $458 | $1K | $76K | $0 | — | View 990 |
| 2014 | $913 | $0 | $77K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $113K, expenses of $3K, and assets of $456K (revenue +64.1% year-over-year).
- 2023: Revenue of $69K, expenses of $33K, and assets of $343K (revenue +1.8% year-over-year).
- 2022: Revenue of $68K, expenses of $15K, and assets of $307K (revenue -5.5% year-over-year).
- 2021: Revenue of $72K, expenses of $43K, and assets of $255K (revenue +73.7% year-over-year).
- 2020: Revenue of $41K, expenses of $9K, and assets of $225K (revenue +2.0% year-over-year).
- 2019: Revenue of $41K, expenses of $17K, and assets of $192K (revenue +46.9% year-over-year).
- 2018: Revenue of $28K, expenses of $8K, and assets of $168K (revenue +30.5% year-over-year).
- 2017: Revenue of $21K, expenses of $14K, and assets of $148K (revenue -71.6% year-over-year).
- 2016: Revenue of $75K, expenses of $11K, and assets of $140K (revenue +16171.2% year-over-year).
- 2015: Revenue of $458, expenses of $1K, and assets of $76K (revenue -49.8% year-over-year).
- 2014: Revenue of $913, expenses of $0, and assets of $77K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Storm Lake School District Foundation:
Data Sources and Methodology
This transparency report for Storm Lake School District Foundation 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.