Is Nick Dewolf Foundation Legit?

Quick charity verification for Nick Dewolf Foundation (EIN: 201829265)

Verdict: Nick Dewolf Foundation appears trustworthy

75/100Mission Score

$759KRevenue

$2.5MAssets

2Red Flags

3Strengths

Red Flags

Highly volatile revenue, including negative figures in multiple years (e.g., \$-239,702 in 2022), which could indicate unpredictable funding or significant financial adjustments.
Lack of detailed expense breakdown in summary data makes it difficult to fully assess spending efficiency beyond officer compensation.

Strengths

Consistent reporting of 0% officer compensation across all filings, demonstrating a strong commitment to minimizing administrative overhead in this area.
Maintained a stable asset base, consistently over \$2 million, providing financial resilience despite revenue fluctuations.
Positive revenue exceeding expenses in the latest filing (2023: Revenue \$626,468, Expenses \$371,115), indicating improved financial performance.

Spending Breakdown

How Nick Dewolf Foundation allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Nick Dewolf Foundation

Is Nick Dewolf Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Nick Dewolf Foundation (EIN: 201829265) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

Is Nick Dewolf Foundation a good charity to donate to?

Nick Dewolf Foundation has a Mission Score of 75/100. Revenue: $759K. Assets: $2.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Nick Dewolf Foundation?

The Employer Identification Number (EIN) for Nick Dewolf Foundation is 201829265. 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 Nick Dewolf Foundation spend its money?

Nick Dewolf Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Nick Dewolf Foundation's tax-exempt status?

You can verify Nick Dewolf Foundation's tax-exempt status using EIN 201829265 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 Nick Dewolf Foundation demonstrates a mixed financial picture based on its IRS 990 filings. While the organization has consistently reported assets over $2 million, its revenue has been highly volatile, including negative revenue in 2022 and 2015, and relatively low revenue in other years compared to its expenses. For instance, in 2022, the foundation reported a revenue of -\$239,702 against expenses of \$424,546, indicating significant financial challenges or unusual accounting events. The latest filing (2023) shows a positive revenue of \$626,468 exceeding expenses of \$371,115, which is a positive development.

The foundation's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of zero officer compensation across all available filings suggests a commitment to minimizing overhead in this area. The organization's assets have fluctuated, reaching a high of \$3,269,747 in 2018 and currently standing at \$2,528,121, indicating a stable asset base despite revenue volatility. The liabilities have generally been low, except for a notable increase to \$3,107 in 2023, which is still relatively small compared to assets.

Transparency regarding executive compensation is excellent, with 0% reported for officer compensation in all filings. However, a more detailed breakdown of expenses would enhance transparency regarding how the \$371,115 in expenses (2023) is allocated across its mission-related activities versus administrative and fundraising costs. The NTEE code T22 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests its primary activity is grantmaking, which typically involves lower direct program delivery costs but requires clear reporting on grants issued.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.