Vernice Ross Foundation Fbo Fleming County Library
EIN: 311503729 · Flemingsburg, KY
Is Vernice Ross Foundation Fbo Fleming County Library Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Vernice Ross Foundation Fbo Fleming County Library
Vernice Ross Foundation Fbo Fleming County Library (EIN: 311503729) is a nonprofit organization based in Flemingsburg, KY. The organization reported total revenue of $16K and total assets of $265K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vernice Ross Foundation Fbo Fleming County Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Vernice Ross Foundation Fbo Fleming County Library 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 Vernice Ross Foundation Fbo Fleming County Library 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.
Frequently Asked Questions about Vernice Ross Foundation Fbo Fleming County Library
Is Vernice Ross Foundation Fbo Fleming County Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Vernice Ross Foundation Fbo Fleming County Library (EIN: 311503729) insufficient data. 0 red flags identified, 0 strengths noted.
How does Vernice Ross Foundation Fbo Fleming County Library spend its money?
Detailed spending breakdown data is not yet available for Vernice Ross Foundation Fbo Fleming County Library. Check back for updated IRS 990 analysis.
Are donations to Vernice Ross Foundation Fbo Fleming County Library tax-deductible?
Vernice Ross Foundation Fbo Fleming County Library is registered as a tax-exempt nonprofit (EIN: 311503729). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Vernice Ross Foundation Fbo Fleming County Library showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Vernice Ross Foundation Fbo Fleming County Library's revenue has grown by 37.5%, moving from $8K to $10K. Total assets decreased by 22.2% over the same period, from $364K to $283K. Total functional expenses rose by 101.6%, from $8K to $16K. In its most recent filing year (2023), Vernice Ross Foundation Fbo Fleming County Library reported a deficit of $6K, with expenses exceeding revenue. The organization holds $1 in liabilities against $283K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $283K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $10K | $16K | $283K | $1 | — | — |
| 2022 | $9K | $17K | $289K | $1 | — | — |
| 2021 | $21K | $16K | $297K | $1 | — | — |
| 2020 | $10K | $16K | $291K | $1 | — | — |
| 2019 | $11K | $17K | $298K | $1 | — | View 990 |
| 2015 | $9K | $19K | $336K | $0 | — | View 990 |
| 2014 | $7K | $24K | $346K | $0 | — | View 990 |
| 2013 | $8K | $6K | $363K | $0 | — | View 990 |
| 2012 | $6K | $9K | $361K | $0 | — | View 990 |
| 2011 | $8K | $8K | $364K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10K, expenses of $16K, and assets of $283K (revenue +15.9% year-over-year).
- 2022: Revenue of $9K, expenses of $17K, and assets of $289K (revenue -58.1% year-over-year).
- 2021: Revenue of $21K, expenses of $16K, and assets of $297K (revenue +119.7% year-over-year).
- 2020: Revenue of $10K, expenses of $16K, and assets of $291K (revenue -11.7% year-over-year).
- 2019: Revenue of $11K, expenses of $17K, and assets of $298K (revenue +24.5% year-over-year).
- 2015: Revenue of $9K, expenses of $19K, and assets of $336K (revenue +21.8% year-over-year).
- 2014: Revenue of $7K, expenses of $24K, and assets of $346K (revenue -8.3% year-over-year).
- 2013: Revenue of $8K, expenses of $6K, and assets of $363K (revenue +29.5% year-over-year).
- 2012: Revenue of $6K, expenses of $9K, and assets of $361K (revenue -18.9% year-over-year).
- 2011: Revenue of $8K, expenses of $8K, and assets of $364K.
Data Sources and Methodology
This transparency report for Vernice Ross Foundation Fbo Fleming County Library 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.