Velva Bulls
EIN: 853391570 · Velva, ND · NTEE: O20
| Metric | Value |
|---|---|
| Total Revenue | $105K |
| Total Expenses | $60K |
| Net Assets | $346K |
Is Velva Bulls Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Velva Bulls
Velva Bulls (EIN: 853391570) is a nonprofit organization based in Velva, ND, classified under NTEE code O20. The organization reported total revenue of $105K and total assets of $400K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Velva Bulls's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Velva Bulls is a small nonprofit that has been operating for 5 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $383K |
| Total Expenses | $60K |
| Surplus / Deficit | +$322K |
| Total Assets | $346K |
| Net Assets | $346K |
| Operating Margin | 84.3% |
| Months of Reserves | 69.1 months |
Financial Health Grade: A
In 2023, Velva Bulls reported a surplus of $322K with revenue exceeding expenses, holds 69.1 months of operating reserves (strong position).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Velva Bulls 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 Velva Bulls 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 surplus of $322K, with revenue exceeding expenses.
Frequently Asked Questions about Velva Bulls
Is Velva Bulls a legitimate charity?
Based on AI analysis of IRS 990 filings, Velva Bulls (EIN: 853391570) insufficient data. 0 red flags identified, 0 strengths noted.
How does Velva Bulls spend its money?
Detailed spending breakdown data is not yet available for Velva Bulls. Check back for updated IRS 990 analysis.
Are donations to Velva Bulls tax-deductible?
Velva Bulls is registered as a tax-exempt nonprofit (EIN: 853391570). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Velva Bulls located?
Velva Bulls is headquartered in Velva, North Dakota and files with the IRS under EIN 853391570. It is classified under NTEE code O20.
Filing History
IRS 990 filing history for Velva Bulls showing financial trends over 1 year of public records:
In its most recent filing year (2023), Velva Bulls reported a surplus of $322K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $383K | $60K | $346K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Velva Bulls:
Data Sources and Methodology
This transparency report for Velva Bulls 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.