Tennessee Soybean Festival Inc
EIN: 621550830 · Martin, TN
| Metric | Value |
|---|---|
| Total Revenue | $433K |
| Total Expenses | $902K |
| Net Assets | $26K |
Is Tennessee Soybean Festival Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tennessee Soybean Festival Inc
Tennessee Soybean Festival Inc (EIN: 621550830) is a nonprofit organization based in Martin, TN. The organization reported total revenue of $433K and total assets of $11K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tennessee Soybean Festival Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tennessee Soybean Festival Inc is a small nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $872K |
| Total Expenses | $902K |
| Surplus / Deficit | $-30,025 |
| Total Assets | $26K |
| Net Assets | $26K |
| Operating Margin | -3.4% |
| Months of Reserves | 0.3 months |
Financial Health Grade: C
In 2023, Tennessee Soybean Festival Inc reported a deficit of $30K with expenses exceeding revenue, holds 0.3 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Tennessee Soybean Festival Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +73.9% | +87.1% | -51.7% |
| 2022 | -2.5% | -3.6% | +55.8% |
| 2021 | +1152.7% | +1231.4% | +29.0% |
| 2020 | -92.4% | -92.9% | +15.2% |
| 2019 | -36.4% | -36.7% | +74.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tennessee Soybean Festival Inc 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 Tennessee Soybean Festival Inc 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 deficit of $30K, with expenses exceeding revenue.
Frequently Asked Questions about Tennessee Soybean Festival Inc
Is Tennessee Soybean Festival Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Tennessee Soybean Festival Inc (EIN: 621550830) insufficient data. 0 red flags identified, 0 strengths noted.
How does Tennessee Soybean Festival Inc spend its money?
Detailed spending breakdown data is not yet available for Tennessee Soybean Festival Inc. Check back for updated IRS 990 analysis.
Are donations to Tennessee Soybean Festival Inc tax-deductible?
Tennessee Soybean Festival Inc is registered as a tax-exempt nonprofit (EIN: 621550830). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tennessee Soybean Festival Inc located?
Tennessee Soybean Festival Inc is headquartered in Martin, Tennessee and files with the IRS under EIN 621550830.
How many years of IRS 990 filings does Tennessee Soybean Festival Inc have?
Tennessee Soybean Festival Inc has 13 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 $433K in total revenue.
Filing History
IRS 990 filing history for Tennessee Soybean Festival Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Tennessee Soybean Festival Inc's revenue has grown by 423.6%, moving from $167K to $872K. Total assets decreased by 9.3% over the same period, from $29K to $26K. Total functional expenses rose by 476.5%, from $156K to $902K. In its most recent filing year (2023), Tennessee Soybean Festival Inc reported a deficit of $30K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $872K | $902K | $26K | $0 | — | View 990 |
| 2022 | $501K | $482K | $54K | $0 | — | View 990 |
| 2021 | $515K | $500K | $34K | $0 | — | — |
| 2020 | $41K | $38K | $27K | $0 | — | View 990 |
| 2019 | $543K | $533K | $23K | $0 | — | View 990 |
| 2018 | $853K | $841K | $13K | $0 | — | View 990 |
| 2017 | $553K | $556K | $1K | $0 | — | View 990 |
| 2016 | $557K | $557K | $4K | $0 | — | View 990 |
| 2015 | $225K | $222K | $4K | $0 | — | View 990 |
| 2014 | $207K | $218K | $293 | $0 | — | View 990 |
| 2013 | $173K | $189K | $11K | $0 | — | View 990 |
| 2012 | $157K | $158K | $28K | $0 | — | View 990 |
| 2011 | $167K | $156K | $29K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $872K, expenses of $902K, and assets of $26K (revenue +73.9% year-over-year).
- 2022: Revenue of $501K, expenses of $482K, and assets of $54K (revenue -2.5% year-over-year).
- 2021: Revenue of $515K, expenses of $500K, and assets of $34K (revenue +1152.7% year-over-year).
- 2020: Revenue of $41K, expenses of $38K, and assets of $27K (revenue -92.4% year-over-year).
- 2019: Revenue of $543K, expenses of $533K, and assets of $23K (revenue -36.4% year-over-year).
- 2018: Revenue of $853K, expenses of $841K, and assets of $13K (revenue +54.4% year-over-year).
- 2017: Revenue of $553K, expenses of $556K, and assets of $1K (revenue -0.8% year-over-year).
- 2016: Revenue of $557K, expenses of $557K, and assets of $4K (revenue +147.3% year-over-year).
- 2015: Revenue of $225K, expenses of $222K, and assets of $4K (revenue +8.9% year-over-year).
- 2014: Revenue of $207K, expenses of $218K, and assets of $293 (revenue +19.9% year-over-year).
- 2013: Revenue of $173K, expenses of $189K, and assets of $11K (revenue +9.9% year-over-year).
- 2012: Revenue of $157K, expenses of $158K, and assets of $28K (revenue -5.7% year-over-year).
- 2011: Revenue of $167K, expenses of $156K, and assets of $29K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tennessee Soybean Festival Inc:
Data Sources and Methodology
This transparency report for Tennessee Soybean Festival 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.