The New Bohemian Innovation Collaborative Inc
EIN: 464387860 · Cedar Rapids, IA · NTEE: T02
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $2.6M |
| Net Assets | $-874,155 |
Is The New Bohemian Innovation Collaborative Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The New Bohemian Innovation Collaborative Inc
The New Bohemian Innovation Collaborative Inc (EIN: 464387860) is a nonprofit organization based in Cedar Rapids, IA, classified under NTEE code T02. The organization reported total revenue of $1.3M and total assets of $768K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The New Bohemian Innovation Collaborative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The New Bohemian Innovation Collaborative Inc is a mid-size nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 25.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.6M |
| Surplus / Deficit | $-60,003 |
| Total Assets | $955K |
| Total Liabilities | $1.8M |
| Net Assets | $-874,155 |
| Operating Margin | -2.4% |
| Debt-to-Asset Ratio | 191.5% |
| Months of Reserves | 4.4 months |
Financial Health Grade: C
In 2023, The New Bohemian Innovation Collaborative Inc reported a deficit of $60K with expenses exceeding revenue, holds 4.4 months of operating reserves (adequate), has a debt-to-asset ratio of 191.5% (high leverage).
Financial Trends
Over 10 years of filings (2014–2023), The New Bohemian Innovation Collaborative Inc's revenue has grown at a compound annual growth rate (CAGR) of 25.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.8% | -23.1% | +13.5% |
| 2022 | -2.5% | +23.6% | -21.2% |
| 2021 | +7.1% | +16.4% | +94.9% |
| 2020 | +33.8% | +9.2% | +103.4% |
| 2019 | +16.0% | +13.3% | -20.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The New Bohemian Innovation Collaborative 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 The New Bohemian Innovation Collaborative 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 $60K, with expenses exceeding revenue.
- Debt-to-asset ratio: 191.5%.
Frequently Asked Questions about The New Bohemian Innovation Collaborative Inc
Is The New Bohemian Innovation Collaborative Inc a legitimate charity?
The New Bohemian Innovation Collaborative Inc (EIN: 464387860) is a registered tax-exempt nonprofit based in Iowa. It has 10 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. Financial health grade: C.
How does The New Bohemian Innovation Collaborative Inc spend its money?
The New Bohemian Innovation Collaborative Inc reported $1.3M in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The New Bohemian Innovation Collaborative Inc tax-deductible?
The New Bohemian Innovation Collaborative Inc is registered as a tax-exempt nonprofit (EIN: 464387860). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The New Bohemian Innovation Collaborative Inc located?
The New Bohemian Innovation Collaborative Inc is headquartered in Cedar Rapids, Iowa and files with the IRS under EIN 464387860. It is classified under NTEE code T02.
How many years of IRS 990 filings does The New Bohemian Innovation Collaborative Inc have?
The New Bohemian Innovation Collaborative Inc has 10 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 $1.3M in total revenue.
Filing History
IRS 990 filing history for The New Bohemian Innovation Collaborative Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), The New Bohemian Innovation Collaborative Inc's revenue has grown by 686.9%, moving from $322K to $2.5M. Total assets increased by 1561% over the same period, from $58K to $955K. Total functional expenses rose by 785.4%, from $293K to $2.6M. In its most recent filing year (2023), The New Bohemian Innovation Collaborative Inc reported a deficit of $60K, with expenses exceeding revenue. The organization holds $1.8M in liabilities against $955K in assets (debt-to-asset ratio: 191.5%), resulting in net assets of $-874,155.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.6M | $955K | $1.8M | — | — |
| 2022 | $2.7M | $3.4M | $842K | $1.7M | — | View 990 |
| 2021 | $2.8M | $2.7M | $1.1M | $1.2M | — | View 990 |
| 2020 | $2.6M | $2.3M | $548K | $821K | — | — |
| 2019 | $1.9M | $2.1M | $269K | $648K | — | View 990 |
| 2018 | $1.7M | $1.9M | $340K | $518K | — | View 990 |
| 2017 | $2.0M | $2.0M | $354K | $314K | — | View 990 |
| 2016 | $1.1M | $1.0M | $190K | $103K | — | View 990 |
| 2015 | $477K | $472K | $103K | $69K | — | View 990 |
| 2014 | $322K | $293K | $58K | $29K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.6M, and assets of $955K (revenue -6.8% year-over-year).
- 2022: Revenue of $2.7M, expenses of $3.4M, and assets of $842K (revenue -2.5% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.7M, and assets of $1.1M (revenue +7.1% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.3M, and assets of $548K (revenue +33.8% year-over-year).
- 2019: Revenue of $1.9M, expenses of $2.1M, and assets of $269K (revenue +16.0% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.9M, and assets of $340K (revenue -14.5% year-over-year).
- 2017: Revenue of $2.0M, expenses of $2.0M, and assets of $354K (revenue +83.4% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.0M, and assets of $190K (revenue +123.9% year-over-year).
- 2015: Revenue of $477K, expenses of $472K, and assets of $103K (revenue +48.4% year-over-year).
- 2014: Revenue of $322K, expenses of $293K, and assets of $58K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The New Bohemian Innovation Collaborative Inc:
Data Sources and Methodology
This transparency report for The New Bohemian Innovation Collaborative 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.