Daniel Raymond Nickerson Foundation Inc
Daniel Raymond Nickerson Foundation: Significant Revenue Spike, Low Program Spending
EIN: 222886075 · Portland, ME · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $515K |
| Total Expenses | $88K |
| Program Spending | 10% |
| Net Assets | $1.3M |
| Transparency Score | 60/100 |
Is Daniel Raymond Nickerson Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Daniel Raymond Nickerson Foundation Inc directs 10% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Daniel Raymond Nickerson Foundation Inc
Daniel Raymond Nickerson Foundation Inc (EIN: 222886075) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $515K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Daniel Raymond Nickerson Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Daniel Raymond Nickerson Foundation Inc is a small nonprofit that has been operating for 38 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 44.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $88K |
| Surplus / Deficit | +$1.1M |
| Total Assets | $1.3M |
| Total Liabilities | $1 |
| Net Assets | $1.3M |
| Operating Margin | 92.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 181.0 months |
Financial Health Grade: A
In 2023, Daniel Raymond Nickerson Foundation Inc reported a surplus of $1.1M with revenue exceeding expenses, holds 181.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Daniel Raymond Nickerson Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 44.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16183.9% | +310.3% | +381.7% |
| 2022 | -54.6% | +0.5% | -5.0% |
| 2021 | +16.5% | +30.2% | +0.4% |
| 2020 | +27.3% | -0.4% | +0.3% |
| 2019 | -46.1% | -11.9% | -15.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Daniel Raymond Nickerson Foundation Inc with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 50%
- programs: 10%
- fundraising: 40%
According to IRS 990 filings, Daniel Raymond Nickerson Foundation Inc allocates its expenses as follows: admin: 50%, programs: 10%, fundraising: 40%. Only 10% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation consistently reports 0% compensation across all available filings, suggesting no paid executive compensation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Daniel Raymond Nickerson Foundation Inc's IRS 990 filings:
- In 2023, total expenses were $88,478, while revenue was $1,146,225, indicating a significant portion of revenue was not spent on programs or other expenses.
- The spending breakdown (10% programs, 50% admin, 40% fundraising) suggests a disproportionately low investment in direct programmatic activities relative to overhead.
- The dramatic increase in revenue in 2023 without a clear corresponding increase in program spending raises questions about the immediate use of new funds.
Strengths
The following positive indicators were identified for Daniel Raymond Nickerson Foundation Inc:
- The foundation consistently reports 0% compensation, indicating a volunteer-driven model.
- The organization has maintained its existence and filings over a long period, demonstrating longevity.
Frequently Asked Questions about Daniel Raymond Nickerson Foundation Inc
Is Daniel Raymond Nickerson Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Daniel Raymond Nickerson Foundation Inc (EIN: 222886075) some concerns. Mission Score: 60/100. 3 red flags identified, 2 strengths noted.
How does Daniel Raymond Nickerson Foundation Inc spend its money?
Daniel Raymond Nickerson Foundation Inc directs 10% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Daniel Raymond Nickerson Foundation Inc tax-deductible?
Daniel Raymond Nickerson Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222886075). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Daniel Raymond Nickerson Foundation Inc's spending goes to programs?
Daniel Raymond Nickerson Foundation Inc directs 10% to programs, 40% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Daniel Raymond Nickerson Foundation Inc located?
Daniel Raymond Nickerson Foundation Inc is headquartered in Portland, Maine and files with the IRS under EIN 222886075.
How many years of IRS 990 filings does Daniel Raymond Nickerson Foundation Inc have?
Daniel Raymond Nickerson Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $515K in total revenue.
What does Daniel Raymond Nickerson Foundation Inc do?
Daniel Raymond Nickerson Foundation Inc is a nonprofit organization in the Unknown sector, located in Portland, Maine. It is classified under NTEE code Unknown.
How much revenue does Daniel Raymond Nickerson Foundation Inc have?
Daniel Raymond Nickerson Foundation Inc reported total revenue of $514,642. Based on 10 IRS 990 filings on record.
What are Daniel Raymond Nickerson Foundation Inc's total assets?
Daniel Raymond Nickerson Foundation Inc holds total assets of $1,515,065 as reported in IRS 990 filings.
Where is Daniel Raymond Nickerson Foundation Inc located?
Daniel Raymond Nickerson Foundation Inc is based in Portland, Maine.
What is Daniel Raymond Nickerson Foundation Inc's EIN?
Daniel Raymond Nickerson Foundation Inc's Employer Identification Number (EIN) is 222886075. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Daniel Raymond Nickerson Foundation Inc?
Daniel Raymond Nickerson Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Daniel Raymond Nickerson Foundation Inc a registered 501(c)(3)?
Daniel Raymond Nickerson Foundation Inc appears in IRS records (EIN: 222886075). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Daniel Raymond Nickerson Foundation Inc file IRS Form 990?
Yes, Daniel Raymond Nickerson Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Daniel Raymond Nickerson Foundation Inc's revenue in 2023?
In the 202312 filing period, Daniel Raymond Nickerson Foundation Inc reported total revenue of $1,146,225, total expenses of $88,478, and net assets of $1,334,866.
Is Daniel Raymond Nickerson Foundation Inc's revenue growing or declining?
Daniel Raymond Nickerson Foundation Inc's revenue is growing. Revenue went from $7,039 (202212) to $1,146,225 (202312), a +16183.9% change. Based on 10 filings on record.
What is Daniel Raymond Nickerson Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Daniel Raymond Nickerson Foundation Inc covers tax period 202312. It shows revenue of $1,146,225, expenses of $88,478, total assets of $1,334,866, and liabilities of $1.
How much does Daniel Raymond Nickerson Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Daniel Raymond Nickerson Foundation Inc allocates approximately 10% of expenses to program services, 50% to administrative costs, and 40% to fundraising. Overhead costs appear high relative to program spending.
Is Daniel Raymond Nickerson Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Daniel Raymond Nickerson Foundation Inc shows mixed signals. Mission Score: 60/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Daniel Raymond Nickerson Foundation Inc?
The following concerns were identified: In 2023, total expenses were $88,478, while revenue was $1,146,225, indicating a significant portion of revenue was not spent on programs or other expenses.. The spending breakdown (10% programs, 50% admin, 40% fundraising) suggests a disproportionately low investment in direct programmatic activities relative to overhead.. The dramatic increase in revenue in 2023 without a clear corresponding increase in program spending raises questions about the immediate use of new funds.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Daniel Raymond Nickerson Foundation Inc's strengths?
Positive indicators for Daniel Raymond Nickerson Foundation Inc include: The foundation consistently reports 0% compensation, indicating a volunteer-driven model.. The organization has maintained its existence and filings over a long period, demonstrating longevity.. These findings are derived from AI analysis of the organization's financial filings.
How does Daniel Raymond Nickerson Foundation Inc compensate executives?
The foundation consistently reports 0% compensation across all available filings, suggesting no paid executive compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What caused the massive revenue increase from $7,039 in 2022 to $1,146,225 in 2023, and how are these new funds being allocated?
The provided data does not specify the source of the revenue increase. Given the low program spending ($88,478 total expenses in 2023), a significant portion of these new funds appears to be accumulating as assets rather than being immediately disbursed for programs.
With 0% compensation reported, who is managing the foundation's operations and financial activities, especially given the recent revenue surge?
The 0% compensation suggests that all operational and financial management is conducted by volunteers. This model can be sustainable for smaller organizations but might face challenges in managing a sudden influx of over $1 million in revenue without paid staff.
Filing History
IRS 990 filing history for Daniel Raymond Nickerson Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Daniel Raymond Nickerson Foundation Inc's revenue has grown by 8496.9%, moving from $13K to $1.1M. Total assets increased by 318.2% over the same period, from $319K to $1.3M. Total functional expenses rose by 441.7%, from $16K to $88K. In its most recent filing year (2023), Daniel Raymond Nickerson Foundation Inc reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $88K | $1.3M | $1 | — | — |
| 2022 | $7K | $22K | $277K | $1 | — | View 990 |
| 2021 | $15K | $21K | $292K | $1 | — | View 990 |
| 2020 | $13K | $16K | $291K | $1 | — | View 990 |
| 2019 | $10K | $17K | $290K | $0 | — | View 990 |
| 2015 | $19K | $19K | $342K | $0 | — | View 990 |
| 2014 | $30K | $18K | $350K | $0 | — | View 990 |
| 2013 | $28K | $18K | $337K | $0 | — | View 990 |
| 2012 | $23K | $17K | $335K | $0 | — | View 990 |
| 2011 | $13K | $16K | $319K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $88K, and assets of $1.3M (revenue +16183.9% year-over-year).
- 2022: Revenue of $7K, expenses of $22K, and assets of $277K (revenue -54.6% year-over-year).
- 2021: Revenue of $15K, expenses of $21K, and assets of $292K (revenue +16.5% year-over-year).
- 2020: Revenue of $13K, expenses of $16K, and assets of $291K (revenue +27.3% year-over-year).
- 2019: Revenue of $10K, expenses of $17K, and assets of $290K (revenue -46.1% year-over-year).
- 2015: Revenue of $19K, expenses of $19K, and assets of $342K (revenue -36.2% year-over-year).
- 2014: Revenue of $30K, expenses of $18K, and assets of $350K (revenue +8.4% year-over-year).
- 2013: Revenue of $28K, expenses of $18K, and assets of $337K (revenue +21.4% year-over-year).
- 2012: Revenue of $23K, expenses of $17K, and assets of $335K (revenue +73.1% year-over-year).
- 2011: Revenue of $13K, expenses of $16K, and assets of $319K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Daniel Raymond Nickerson Foundation Inc:
Data Sources and Methodology
This transparency report for Daniel Raymond Nickerson Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.