Quick charity verification for Nick Simons Foundation (EIN: 203101239)
Verdict: Nick Simons Foundation appears trustworthy
95/100Mission Score
$21.1MRevenue
$223.7MAssets
1Red Flags
5Strengths
Red Flags
Significant year-over-year revenue volatility, though mitigated by large asset base.
Strengths
Consistently high program spending ratio (e.g., 94.7% in 202312).
Zero officer compensation reported across all filings.
Substantial and growing asset base (from $34.6M in 201206 to $219.3M in 202312).
Strong financial health and stability.
Effective use of endowment to maintain consistent program expenditures.
Spending Breakdown
How Nick Simons Foundation allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
4%
Admin Costs
Reasonable — admin costs in check
1%
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 Simons Foundation
Is Nick Simons Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Nick Simons Foundation (EIN: 203101239) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
Is Nick Simons Foundation a good charity to donate to?
Nick Simons Foundation has a Mission Score of 95/100. Revenue: $21.1M. Assets: $223.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Nick Simons Foundation?
The Employer Identification Number (EIN) for Nick Simons Foundation is 203101239. 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 Simons Foundation spend its money?
Nick Simons Foundation allocates 95% to programs, 4% to administration, and 1% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Nick Simons Foundation's tax-exempt status?
You can verify Nick Simons Foundation's tax-exempt status using EIN 203101239 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 Simons Foundation demonstrates a strong commitment to its programmatic mission, consistently allocating a significant portion of its expenses to program services. For instance, in the 202312 period, program service expenses were $14,956,294 out of total expenses of $15,796,294, indicating a very high program spending ratio of approximately 94.7%. This efficiency is a recurring theme across multiple filing periods, suggesting effective resource utilization. The organization's assets have shown substantial growth over the past decade, from $34,660,081 in 201206 to $219,370,267 in 202312, providing a robust financial foundation for its long-term goals. The consistent reporting of 0% officer compensation further enhances its transparency and commitment to directing funds towards its mission rather than executive salaries.
While the foundation's revenue has fluctuated significantly year-to-year, such as $36,291,370 in 202006 compared to $1,127,625 in 202312, its substantial asset base allows it to maintain consistent program spending, often exceeding annual revenue. This indicates a strategic use of its endowment to support its operations. The foundation's financial health appears strong, with a large and growing asset base supporting its consistent program expenditures. The absence of officer compensation is a notable positive indicator of its operational philosophy.