Quick charity verification for Nulsen Family Foundation Inc (EIN: 200448228)
Verdict: Nulsen Family Foundation Inc shows mixed signals
45/100Mission Score
$319KRevenue
$735KAssets
4Red Flags
3Strengths
Red Flags
Significant and recurring negative revenue (e.g., -$133,822 in 2023, -$1,316 in 2014).
Consistent decline in assets over time, from $1,883,771 in 2011 to $693,112 in 2023.
Expenses frequently and significantly exceed reported revenue, indicating deficit spending (e.g., 2022 expenses $476,813 vs. revenue $238,004).
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes efficiency assessment difficult.
Strengths
Consistent filing of IRS 990 forms, indicating transparency in reporting.
Reported 0% officer compensation across all periods, suggesting a volunteer-led or externally funded leadership.
Minimal liabilities reported ($1 or $0) across all periods, indicating good debt management.
Spending Breakdown
How Nulsen Family Foundation Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Nulsen Family Foundation Inc
Is Nulsen Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nulsen Family Foundation Inc (EIN: 200448228) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
Is Nulsen Family Foundation Inc a good charity to donate to?
Nulsen Family Foundation Inc has a Mission Score of 45/100. Revenue: $319K. Assets: $735K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Nulsen Family Foundation Inc?
The Employer Identification Number (EIN) for Nulsen Family Foundation Inc is 200448228. 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 Nulsen Family Foundation Inc spend its money?
Nulsen Family Foundation Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Nulsen Family Foundation Inc's tax-exempt status?
You can verify Nulsen Family Foundation Inc's tax-exempt status using EIN 200448228 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 Nulsen Family Foundation Inc. exhibits a concerning trend in its financial health, with significant negative revenue reported in recent years, notably -$133,822 in 2023 and -$1,316 in 2014. This indicates a reliance on existing assets or other non-revenue sources to cover expenses, which have consistently outpaced revenue in most periods, such as $461,764 in expenses against negative revenue in 2023. The organization's assets have also seen a substantial decline from a peak of $1,883,771 in 2011 to $693,112 in 2023, suggesting a depletion of its financial reserves. While officer compensation is consistently reported at 0%, which is a positive for spending efficiency, the overall financial trajectory raises questions about long-term sustainability and the effectiveness of its fundraising or investment strategies.
The spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, as the provided data only gives total expenses. However, the consistent deficit spending, where expenses frequently exceed revenue, points to potential inefficiencies or an unsustainable operational model. For instance, in 2022, expenses were $476,813 against revenue of $238,004, indicating a significant operational loss. The lack of detailed expense categories in the provided data limits a precise evaluation of how efficiently funds are allocated to programs versus overhead.
In terms of transparency, the consistent filing of IRS 990 forms over a decade is a positive indicator. The reporting of 0% officer compensation is also a transparent disclosure. However, the financial data itself, particularly the recurring negative revenue and declining asset base, suggests a need for greater clarity on the organization's financial strategy and how it plans to achieve long-term stability and fulfill its mission given these trends. The minimal liabilities reported ($1 or $0) across all periods is a positive sign regarding debt management.