Is Nichols Foundation Inc Co Morgan Lewis & Bockius Llp Legit?
Quick charity verification for Nichols Foundation Inc Co Morgan Lewis & Bockius Llp (EIN: 136400615)
Verdict: Nichols Foundation Inc Co Morgan Lewis & Bockius Llp appears trustworthy
75/100Mission Score
$0Revenue
$0Assets
2Red Flags
3Strengths
Red Flags
Sudden and unexplained drop to $0 revenue and assets in the latest filing, following years of significant financial activity.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, making it difficult to assess spending efficiency fully.
Strengths
Historically strong asset base, reaching over $15 million in 2015.
Consistent reporting of 0% officer compensation, indicating high efficiency in leadership costs.
Historically, revenue generally exceeded expenses, suggesting sound financial management in prior periods (e.g., 2015 revenue $2,429,510 vs. expenses $1,616,607).
Spending Breakdown
How Nichols Foundation Inc Co Morgan Lewis & Bockius Llp allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Nichols Foundation Inc Co Morgan Lewis & Bockius Llp
Is Nichols Foundation Inc Co Morgan Lewis & Bockius Llp a legitimate charity?
Based on AI analysis of IRS 990 filings, Nichols Foundation Inc Co Morgan Lewis & Bockius Llp (EIN: 136400615) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Nichols Foundation Inc Co Morgan Lewis & Bockius Llp a good charity to donate to?
Nichols Foundation Inc Co Morgan Lewis & Bockius Llp has a Mission Score of 75/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Nichols Foundation Inc Co Morgan Lewis & Bockius Llp?
The Employer Identification Number (EIN) for Nichols Foundation Inc Co Morgan Lewis & Bockius Llp is 136400615. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Nichols Foundation Inc Co Morgan Lewis & Bockius Llp spend its money?
Nichols Foundation Inc Co Morgan Lewis & Bockius Llp allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Nichols Foundation Inc Co Morgan Lewis & Bockius Llp's tax-exempt status?
You can verify Nichols Foundation Inc Co Morgan Lewis & Bockius Llp's tax-exempt status using EIN 136400615 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Nichols Foundation Inc, despite its current reported zero revenue and assets, has historically demonstrated a strong financial position with substantial assets. For instance, in 2015, it reported assets of $15,309,804. The organization consistently generated significant revenue, such as $2,429,510 in 2015 and $3,113,113 in 2014, which generally exceeded its expenses, indicating sound financial management over those periods. The absence of reported officer compensation across all available filings suggests a volunteer-led or very lean administrative structure, which can be a positive indicator of efficiency.
However, the current filing showing $0 revenue and assets, following a history of multi-million dollar figures, raises questions about the organization's current operational status or reporting practices. While historical spending efficiency appears reasonable given the revenue-to-expense ratios (e.g., 2015 expenses were $1,616,607 against $2,429,510 revenue), without detailed expense breakdowns, it's challenging to fully assess program spending versus administrative or fundraising costs. The lack of officer compensation is a strong point for transparency and efficiency, but the sudden drop to zero financial activity requires further clarification to fully assess its current health and future viability.