Duane & Kathleen Foulkes Foundationinc
Duane & Kathleen Foulkes Foundationinc consistently grows assets with zero reported officer compensation.
EIN: 205592397 · Beaver Dam, WI · NTEE: T22 · Updated: 2026-03-28
Is Duane & Kathleen Foulkes Foundationinc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Duane & Kathleen Foulkes Foundationinc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Duane & Kathleen Foulkes Foundationinc
Duane & Kathleen Foulkes Foundationinc (EIN: 205592397) is a nonprofit organization based in Beaver Dam, WI, classified under NTEE code T22. The organization reported total revenue of $2.1M and total assets of $11.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Duane & Kathleen Foulkes Foundationinc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Duane & Kathleen Foulkes Foundationinc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Duane & Kathleen Foulkes Foundationinc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its asset size ($11,362,946) and suggests a volunteer-led or very lean operational structure.
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 Duane & Kathleen Foulkes Foundationinc's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data, making it difficult to precisely assess program efficiency beyond overall financial health.
Strengths
The following positive indicators were identified for Duane & Kathleen Foulkes Foundationinc:
- Consistent asset growth, from $3,051,093 in 2011 to $10,586,946 in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency in executive overhead.
- Low and often negligible liabilities, demonstrating strong financial stability.
- Revenue consistently exceeds expenses, contributing to long-term sustainability.
- Consistent IRS 990 filing history, indicating good transparency.
Frequently Asked Questions about Duane & Kathleen Foulkes Foundationinc
Is Duane & Kathleen Foulkes Foundationinc a legitimate charity?
Based on AI analysis of IRS 990 filings, Duane & Kathleen Foulkes Foundationinc (EIN: 205592397) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Duane & Kathleen Foulkes Foundationinc spend its money?
Duane & Kathleen Foulkes Foundationinc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Duane & Kathleen Foulkes Foundationinc tax-deductible?
Duane & Kathleen Foulkes Foundationinc is registered as a tax-exempt nonprofit (EIN: 205592397). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Duane & Kathleen Foulkes Foundationinc a good charity?
Based on the available financial data, the foundation appears to be a very good charity. It consistently grows its assets, maintains low liabilities, and reports zero officer compensation, suggesting a high dedication of resources to its mission.
How has the foundation's financial health changed over time?
The foundation's financial health has significantly improved over time, with assets growing from $3,051,093 in 2011 to $10,586,946 in 2023, and revenue streams generally increasing.
What is the trend in the foundation's expenses?
Expenses have fluctuated but generally remained well below revenue, allowing for consistent asset growth. For example, in 2023, expenses were $569,263 against revenue of $760,892.
Filing History
IRS 990 filing history for Duane & Kathleen Foulkes Foundationinc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Duane & Kathleen Foulkes Foundationinc's revenue has grown by 476.3%, moving from $132K to $761K. Total assets increased by 247% over the same period, from $3.1M to $10.6M. Total functional expenses rose by 304.7%, from $141K to $569K. In its most recent filing year (2023), Duane & Kathleen Foulkes Foundationinc reported a surplus of $192K, with revenue exceeding expenses. The organization holds $25K in liabilities against $10.6M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $10.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $761K | $569K | $10.6M | $25K | — | — |
| 2022 | $1.5M | $572K | $9.4M | $1 | — | View 990 |
| 2021 | $1.1M | $287K | $10.8M | $1 | — | View 990 |
| 2020 | $662K | $555K | $8.9M | $1 | — | — |
| 2019 | $1.4M | $401K | $8.2M | $1 | — | View 990 |
| 2015 | $350K | $264K | $4.9M | $0 | — | View 990 |
| 2014 | $369K | $259K | $4.8M | $0 | — | View 990 |
| 2013 | $1.3M | $177K | $5.1M | $365K | — | View 990 |
| 2012 | $169K | $160K | $3.4M | $495K | — | View 990 |
| 2011 | $132K | $141K | $3.1M | $460K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $761K, expenses of $569K, and assets of $10.6M (revenue -48.1% year-over-year).
- 2022: Revenue of $1.5M, expenses of $572K, and assets of $9.4M (revenue +38.2% year-over-year).
- 2021: Revenue of $1.1M, expenses of $287K, and assets of $10.8M (revenue +60.1% year-over-year).
- 2020: Revenue of $662K, expenses of $555K, and assets of $8.9M (revenue -51.3% year-over-year).
- 2019: Revenue of $1.4M, expenses of $401K, and assets of $8.2M (revenue +289.1% year-over-year).
- 2015: Revenue of $350K, expenses of $264K, and assets of $4.9M (revenue -5.3% year-over-year).
- 2014: Revenue of $369K, expenses of $259K, and assets of $4.8M (revenue -70.8% year-over-year).
- 2013: Revenue of $1.3M, expenses of $177K, and assets of $5.1M (revenue +647.2% year-over-year).
- 2012: Revenue of $169K, expenses of $160K, and assets of $3.4M (revenue +28.3% year-over-year).
- 2011: Revenue of $132K, expenses of $141K, and assets of $3.1M.
Data Sources and Methodology
This transparency report for Duane & Kathleen Foulkes Foundationinc 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.