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Midland Institute for Entrepreneurship NFP

EIN 47-4275347 · Effingham, IL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair68 out of 100GovernanceFair66 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

MIDLAND INSTITUTE FOR ENTREPRENEURSHIP, NFP WAS FORMED FOR CHARITABLE AND EDUCATIONAL PURPOSES, SPECIFICALLY, THE PURPOSE TO ESTABLISH AND MAINTAIN A HIGH QUALITY EDUCATIONAL PROGRAM KNOWN AS CREATING ENTREPRENEURIAL OPPORTUNITIES (CEO) PROGRAMS FOR SELECT JUNIOR AND SENIOR HIGH SCHOOL STUDENTS. IN ADDITION, MIDLAND INSTITUTE FOR ENTREPRENEURSHIP, NFP PROVIDES RESOURCES TO COMMUNITIES TO AID IN THE ESTABLISHMENT OF CEO PROGRAMS IN COMMUNITIES THROUGHOUT THE UNITED STATES. MIDLAND INSTITUTE FOR ENTREPRENEURSHIP, NFP PROVIDES INITIAL AND ONGOING TRAINING, SUPPORT AND MATERIALS TO THESE COMMUNITIES TO ESTABLISH AND MAINTAIN THE CEO PROGRAMS.

Income
$806,631
Spending
$1.0 million
Spent on programs
85%
Reserves
7 months of spending
Largest source of income
fees for its services, 61%
Employees
8
Highest pay
$100,436, former exec.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 68 out of 100. Higher than 35% of charities in its peer group (education, $250k to $1m).

  • Reserves

    28 of 35

    Spendable reserves would cover 7.0 months of spending.

  • Debt

    10 of 20

    It owes 48% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 24% of income.

  • Income trend

    15 of 15

    Income rose 29% on the year before.

  • Spending floor

    15 of 15

    85% of spending went to programs and raising each dollar of donations cost 26 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 66 out of 100. Higher than 46% of charities in its peer group (education, $250k to $1m).

  • Independent board

    25 of 25

    9 of 9 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $846,212 spent. TO ESTABLISH AND MAINTAIN HIGH QUALITY EDUCATIONAL PROGRAM KNOWN AS CREATING ENTREPRENEURIAL OPPORTUNITIES (CEO) PROGRAMS FOR JUNIOR AND SENIOR HIGH SCHOOL STUDENTS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since August 2015.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.