Nirsa Foundation EIN 93-1090612

Nirsa Foundation FY2023 filing

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Supports college sports with scholarships, research, and development. For fiscal year 2023 it reported $-665 in revenue, $293K in expenses, and $1.7M in net assets.Pt I

Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Corvallis, OR
Website
www.nirsa.org
Filings
5 on file (2020–2023)
Revenue
$-665FY2023
Expenses
$293K
Net assets
$1.7M
People
16
Filings
5
Updates
0
More identity details & actions ⌄
EIN  93-1090612 Public charity (501(c)(3)) Corvallis, OR
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Supports college sports with scholarships, research, and development.
Leadership
Larry Mellinger · President & Director (part-Year)
Money in and out
$-665 revenue, $293K expenses
Bottom line
70% program efficiency
Where the money goes · FY2023
Total revenue
$-665
Pt VIII · Ln 12
Total expenses
$293K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$294K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.29 Fundraising $0.01
Program efficiency
70%
of spending reaches programs
Operating runway
70.4mo
months of highly liquid reserves at operating expense rate

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$-665
FY2023▼ -100%
Expenses
$293K
FY2023▲ +31%
Total assets
$1.8M
FY2023▼ -2%
Total liabilities
$31K
FY2023▲ +294%
Total revenue
$-665
Pt VIII · Ln 12
Total expenses
$293K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$294K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

1 program service account for $206K of program spending, described in the organization's own filed words · FY2023.
01

During 2023, nirsa foundation continued to enhance collegiate recreational sports by providing opportunities for scholarship, research, and development, including making grants 1) for students and professionals to attend nirsa educational events (annual conference or institutes), 2) to help underwrite a "state of the industry" report for…

$206Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNirsa Foundation
EINHdr · item D93-1090612
Principal addressHdr · item CCorvallis, OR
WebsiteHdr · item Jwww.nirsa.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N40Z)
Ruling yearIRS BMFJul 1996

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President & Director (part-Year)
$0Pt VII · Sec A
Pres.-Elect, Pres. (part-Yr) & Dir.
$0Pt VII · Sec A
Pres.-Elect (part-Year) & Director
$0Pt VII · Sec A
Director (part-Year)
$0Pt VII · Sec A
Director (part-Year)
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.29 Fundraising $0.01
Program services70%$206K
Management & general29%$84K
Fundraising1%$4K
Total functional expensesLn 25$293K

Balance Sheet

Part X · end of year
CashLn 1$176K
Total assetsLn 16$1.8M
Total liabilitiesLn 26$31K
Total net assetsLn 32$1.7M
Months of cash on handcomputed7.2

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.7M · Operating expenses/yr $293K
70.4 months
Where the money goes
Program services
Program services $206K · Total expenses $293K
70%
Management & General
Management & general $84K · Total expenses $293K
29%
Fundraising
Fundraising $4K · Total expenses $293K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $139K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $97K · Total revenue $-665
Government reliance
Government grants — · Total revenue $-665
Earned-income share
Program service revenue $0 · Total revenue $-665
Investment reliance
Investment income $-90K · Total revenue $-665
Program self-sufficiency
Program service revenue $0 · Total expenses $293K
0%
Growth & trend
Revenue growth (YoY)
This year $-665 · Prior year $179K
-100%
Net-asset trend (YoY)
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $-665 · Expenses $293K
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
Net-asset ratio
Net assets $1.7M · Total assets $1.8M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.5M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
87%
People & payroll
Highest Reported Total Compensation
Individual Larry Mellinger · Reported title PRESIDENT & DIRECTOR (PART-YEAR) · Highest reported compensation $0 · Total expenses $293K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $293K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 29%
Fundraising cost ratio 4%
Revenue growth -100%
Investment management fee ratio 0.9%
Legal fee ratio 0.2%
Accounting fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$250
Grants paid · 16 grants · $673K · 2020–2024
Unitemized GrantFY2024$51,801
Unitemized GrantFY2024$1,680
Unitemized GrantFY2024$500
Unitemized GrantFY2023$57,530
Unitemized GrantFY2023$1,304
Unitemized GrantFY2022$30,109
Unitemized GrantFY2022$512
Unitemized GrantFY2021$22,597
Unitemized GrantFY2021$10,998
Unitemized GrantFY2020$32,954
Unitemized GrantFY2020$18,105

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$156K revenue · ⤓ 990 PDF
FY2023$-665 revenue · viewing · ⤓ 990 PDF
FY2022$179K revenue · ⤓ 990 PDF
FY2021$522K revenue · ⤓ 990 PDF
FY2020$193K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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