The Omaha Minority Community Development Fund
EIN: 470632913 · Omaha, NE
| Metric | Value |
|---|---|
| Total Revenue | $33 |
| Total Expenses | $5K |
| Net Assets | $28K |
Is The Omaha Minority Community Development Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Omaha Minority Community Development Fund
The Omaha Minority Community Development Fund (EIN: 470632913) is a nonprofit organization based in Omaha, NE. The organization reported total revenue of $33 and total assets of $28K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Omaha Minority Community Development Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Omaha Minority Community Development Fund is a micro nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -38.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $256 |
| Total Expenses | $5K |
| Surplus / Deficit | $-4,902 |
| Total Assets | $28K |
| Net Assets | $28K |
| Operating Margin | -1914.8% |
| Months of Reserves | 65.9 months |
Financial Health Grade: B
In 2023, The Omaha Minority Community Development Fund reported a deficit of $5K with expenses exceeding revenue, holds 65.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), The Omaha Minority Community Development Fund's revenue has declined at a compound annual growth rate (CAGR) of -38.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1500.0% | +0.9% | -14.8% |
| 2022 | -100.0% | -91.2% | -13.3% |
| 2021 | +147.0% | +30384.7% | -87.0% |
| 2020 | -98.9% | -100.0% | -53.3% |
| 2019 | -1.8% | -1.6% | +79.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Omaha Minority Community Development Fund 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 Omaha Minority Community Development Fund 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 $5K, with expenses exceeding revenue.
Frequently Asked Questions about The Omaha Minority Community Development Fund
Is The Omaha Minority Community Development Fund a legitimate charity?
The Omaha Minority Community Development Fund (EIN: 470632913) is a registered tax-exempt nonprofit based in Nebraska. It has 13 years of IRS 990 filings on record. Total revenue: $33. No red flags identified. Financial health grade: B.
How does The Omaha Minority Community Development Fund spend its money?
The Omaha Minority Community Development Fund reported $33 in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Omaha Minority Community Development Fund tax-deductible?
The Omaha Minority Community Development Fund is registered as a tax-exempt nonprofit (EIN: 470632913). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Omaha Minority Community Development Fund located?
The Omaha Minority Community Development Fund is headquartered in Omaha, Nebraska and files with the IRS under EIN 470632913.
How many years of IRS 990 filings does The Omaha Minority Community Development Fund have?
The Omaha Minority Community Development Fund 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 $33 in total revenue.
Filing History
IRS 990 filing history for The Omaha Minority Community Development Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Omaha Minority Community Development Fund's revenue has declined by 99.7%, moving from $79K to $256. Total assets decreased by 97.1% over the same period, from $966K to $28K. Total functional expenses fell by 96.6%, from $152K to $5K. In its most recent filing year (2023), The Omaha Minority Community Development Fund reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $256 | $5K | $28K | $0 | — | — |
| 2022 | $16 | $5K | $33K | $0 | — | — |
| 2021 | $38K | $58K | $38K | $0 | — | — |
| 2020 | $15K | $190 | $294K | $236K | — | View 990 |
| 2019 | $1.4M | $1.3M | $629K | $586K | — | View 990 |
| 2018 | $1.4M | $1.4M | $351K | $316K | — | View 990 |
| 2017 | $926K | $925K | $251K | $228K | — | View 990 |
| 2016 | $757K | $757K | $313K | $291K | — | View 990 |
| 2015 | $631K | $631K | $435K | $412K | — | View 990 |
| 2014 | $512K | $481K | $128K | $105K | — | View 990 |
| 2013 | $515K | $545K | $23K | $32K | — | View 990 |
| 2012 | $724K | $1.7M | $72K | $51K | — | View 990 |
| 2011 | $79K | $152K | $966K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $256, expenses of $5K, and assets of $28K (revenue +1500.0% year-over-year).
- 2022: Revenue of $16, expenses of $5K, and assets of $33K (revenue -100.0% year-over-year).
- 2021: Revenue of $38K, expenses of $58K, and assets of $38K (revenue +147.0% year-over-year).
- 2020: Revenue of $15K, expenses of $190, and assets of $294K (revenue -98.9% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.3M, and assets of $629K (revenue -1.8% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.4M, and assets of $351K (revenue +49.1% year-over-year).
- 2017: Revenue of $926K, expenses of $925K, and assets of $251K (revenue +22.3% year-over-year).
- 2016: Revenue of $757K, expenses of $757K, and assets of $313K (revenue +20.1% year-over-year).
- 2015: Revenue of $631K, expenses of $631K, and assets of $435K (revenue +23.1% year-over-year).
- 2014: Revenue of $512K, expenses of $481K, and assets of $128K (revenue -0.6% year-over-year).
- 2013: Revenue of $515K, expenses of $545K, and assets of $23K (revenue -28.8% year-over-year).
- 2012: Revenue of $724K, expenses of $1.7M, and assets of $72K (revenue +820.4% year-over-year).
- 2011: Revenue of $79K, expenses of $152K, and assets of $966K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Omaha Minority Community Development Fund:
Data Sources and Methodology
This transparency report for The Omaha Minority Community Development Fund 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.