The Elwood And Stephanie Norris Foundation
The Elwood And Stephanie Norris Foundation reports zero revenue and zero assets in its latest filing, indicating minimal or no current financial activity.
EIN: 202462445 · Las Vegas, NV · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $465 |
| Net Assets | $213 |
| Transparency Score | 20/100 |
Is The Elwood And Stephanie Norris Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Elwood And Stephanie Norris Foundation
The Elwood And Stephanie Norris Foundation (EIN: 202462445) is a nonprofit organization based in Las Vegas, NV. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Elwood And Stephanie Norris Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Elwood And Stephanie Norris Foundation is a micro nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -90.3%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $465 |
| Surplus / Deficit | $-464 |
| Total Assets | $214 |
| Total Liabilities | $1 |
| Net Assets | $213 |
| Operating Margin | -46400.0% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 5.5 months |
Financial Health Grade: B
In 2015, The Elwood And Stephanie Norris Foundation reported a deficit of $464 with expenses exceeding revenue, holds 5.5 months of operating reserves (adequate), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), The Elwood And Stephanie Norris Foundation's revenue has declined at a compound annual growth rate (CAGR) of -90.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -99.9% | +3.3% | -68.5% |
| 2014 | +89400.0% | -64.8% | +190.2% |
| 2013 | -99.8% | -18.2% | -84.5% |
| 2012 | -94.6% | -95.9% | -39.0% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Elwood And Stephanie Norris Foundation with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, The Elwood And Stephanie Norris Foundation allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $464, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, suggesting either a fully volunteer-run organization or that any compensation is not being reported in a standard manner. Given the organization's minimal financial activity and declining assets, this lack of compensation is not surprising and aligns with its current operational status.
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 The Elwood And Stephanie Norris Foundation's IRS 990 filings:
- Zero revenue and assets in the latest filing, indicating potential inactivity.
- Consistent net losses where expenses significantly exceeded revenue in prior years (e.g., $11,071 revenue vs. $37,848 expenses in 2011).
- Steady decline in assets from $2,482 in 2011 to $0 currently.
Strengths
The following positive indicators were identified for The Elwood And Stephanie Norris Foundation:
- No reported officer compensation, suggesting a volunteer-driven model if active.
Frequently Asked Questions about The Elwood And Stephanie Norris Foundation
Is The Elwood And Stephanie Norris Foundation a legitimate charity?
The Elwood And Stephanie Norris Foundation (EIN: 202462445) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 20/100. It has 5 years of IRS 990 filings on record. 3 red flags identified. 1 strength noted. Financial health grade: B.
How does The Elwood And Stephanie Norris Foundation spend its money?
The Elwood And Stephanie Norris Foundation reported its financials in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Elwood And Stephanie Norris Foundation tax-deductible?
The Elwood And Stephanie Norris Foundation is registered as a tax-exempt nonprofit (EIN: 202462445). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Elwood And Stephanie Norris Foundation located?
The Elwood And Stephanie Norris Foundation is headquartered in Las Vegas, Nevada and files with the IRS under EIN 202462445.
How many years of IRS 990 filings does The Elwood And Stephanie Norris Foundation have?
The Elwood And Stephanie Norris Foundation has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is The Elwood And Stephanie Norris Foundation currently active?
Based on the latest IRS 990 filing reporting $0 revenue and $0 assets, it appears the foundation is either inactive or in the process of dissolution.
What is the purpose of the consistent $1 liability reported in several years?
The consistent reporting of $1 in liabilities from 2012 to 2015 is unusual for an organization with such low financial activity and could represent a nominal placeholder or a minor outstanding obligation, but its specific purpose is not clear from the filings.
How did the foundation manage expenses when revenue was so low?
In years like 2013, where revenue was $1 and expenses were $1,280, the foundation likely covered expenses by drawing down its existing assets, which declined from $1,514 in 2012 to $234 in 2013.
Filing History
IRS 990 filing history for The Elwood And Stephanie Norris Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), The Elwood And Stephanie Norris Foundation's revenue has declined by 100%, moving from $11K to $1. Total assets decreased by 91.4% over the same period, from $2K to $214. Total functional expenses fell by 98.8%, from $38K to $465. In its most recent filing year (2015), The Elwood And Stephanie Norris Foundation reported a deficit of $464, with expenses exceeding revenue. The organization holds $1 in liabilities against $214 in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $213.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $1 | $465 | $214 | $1 | — | View 990 |
| 2014 | $895 | $450 | $679 | $1 | — | View 990 |
| 2013 | $1 | $1K | $234 | $1 | — | View 990 |
| 2012 | $597 | $2K | $2K | $1 | — | View 990 |
| 2011 | $11K | $38K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $1, expenses of $465, and assets of $214 (revenue -99.9% year-over-year).
- 2014: Revenue of $895, expenses of $450, and assets of $679 (revenue +89400.0% year-over-year).
- 2013: Revenue of $1, expenses of $1K, and assets of $234 (revenue -99.8% year-over-year).
- 2012: Revenue of $597, expenses of $2K, and assets of $2K (revenue -94.6% year-over-year).
- 2011: Revenue of $11K, expenses of $38K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Elwood And Stephanie Norris Foundation:
Data Sources and Methodology
This transparency report for The Elwood And Stephanie Norris 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.