Ed & Irene Fleis Education Fund Inc
Ed & Irene Fleis Education Fund Inc consistently grows assets with zero reported officer compensation.
EIN: 200302442 · Grand Rapids, MI · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $122K |
| Program Spending | 90% |
| Net Assets | $1.3M |
| Transparency Score | 95/100 |
Is Ed & Irene Fleis Education Fund Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ed & Irene Fleis Education Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ed & Irene Fleis Education Fund Inc
Ed & Irene Fleis Education Fund Inc (EIN: 200302442) is a nonprofit organization based in Grand Rapids, MI, classified under NTEE code T20. The organization reported total revenue of $1.0M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ed & Irene Fleis Education Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ed & Irene Fleis Education Fund Inc is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $172K |
| Total Expenses | $122K |
| Surplus / Deficit | +$50K |
| Total Assets | $1.3M |
| Total Liabilities | $414 |
| Net Assets | $1.3M |
| Operating Margin | 28.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 132.0 months |
Financial Health Grade: A
In 2023, Ed & Irene Fleis Education Fund Inc reported a surplus of $50K with revenue exceeding expenses, holds 132.0 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), Ed & Irene Fleis Education Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.3% | +15.4% | +4.7% |
| 2022 | -47.2% | +26.7% | -11.2% |
| 2021 | +21.6% | +19.5% | +17.3% |
| 2020 | +33.8% | -13.6% | +20.1% |
| 2019 | +69.6% | +85.8% | +74.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Ed & Irene Fleis Education Fund Inc with a Mission Score of 95 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Ed & Irene Fleis Education Fund Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $50K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly efficient for a nonprofit of this size.
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.
Strengths
The following positive indicators were identified for Ed & Irene Fleis Education Fund Inc:
- Consistent asset growth, from $322,857 in 2011 to $1,342,601 in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency.
- Very low liabilities, with the highest reported at $414 in 2023, signifying strong financial health.
- Positive operating margins in most recent years (e.g., $171,558 revenue vs. $122,047 expenses in 2023).
- Long history of IRS 990 filings (10 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Ed & Irene Fleis Education Fund Inc
Is Ed & Irene Fleis Education Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ed & Irene Fleis Education Fund Inc (EIN: 200302442) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Ed & Irene Fleis Education Fund Inc spend its money?
Ed & Irene Fleis Education Fund Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ed & Irene Fleis Education Fund Inc tax-deductible?
Ed & Irene Fleis Education Fund Inc is registered as a tax-exempt nonprofit (EIN: 200302442). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Ed & Irene Fleis Education Fund Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Ed & Irene Fleis Education Fund Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ed & Irene Fleis Education Fund Inc located?
Ed & Irene Fleis Education Fund Inc is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 200302442. It is classified under NTEE code T20.
How many years of IRS 990 filings does Ed & Irene Fleis Education Fund Inc have?
Ed & Irene Fleis Education Fund 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 $1.0M in total revenue.
Is the Ed & Irene Fleis Education Fund Inc financially stable?
Yes, the organization appears very financially stable, with assets growing from $322,857 in 2011 to $1,342,601 in 2023 and consistently low liabilities.
How much of the organization's spending goes to executive salaries?
Based on the provided IRS 990 data, the organization reports 0% officer compensation, suggesting no executive salaries are paid from the organization's funds in this category.
Has the organization's revenue been consistent?
Revenue has fluctuated but shown a general upward trend over the decade, ranging from $66,629 in 2011 to $284,054 in 2021, and $171,558 in 2023.
What is the trend in the organization's assets?
The organization's assets have shown consistent and significant growth, increasing from $322,857 in 2011 to $1,342,601 in 2023.
Filing History
IRS 990 filing history for Ed & Irene Fleis Education Fund Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ed & Irene Fleis Education Fund Inc's revenue has grown by 157.5%, moving from $67K to $172K. Total assets increased by 315.9% over the same period, from $323K to $1.3M. Total functional expenses rose by 503.2%, from $20K to $122K. In its most recent filing year (2023), Ed & Irene Fleis Education Fund Inc reported a surplus of $50K, with revenue exceeding expenses. The organization holds $414 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 | $172K | $122K | $1.3M | $414 | — | — |
| 2022 | $150K | $106K | $1.3M | $7K | — | View 990 |
| 2021 | $284K | $83K | $1.4M | $11K | — | View 990 |
| 2020 | $234K | $70K | $1.2M | $3K | — | — |
| 2019 | $175K | $81K | $1.0M | $1 | — | View 990 |
| 2015 | $103K | $44K | $587K | $1 | — | View 990 |
| 2014 | $100K | $36K | $542K | $1 | — | View 990 |
| 2013 | $100K | $32K | $458K | $1 | — | View 990 |
| 2012 | $88K | $25K | $395K | $0 | — | View 990 |
| 2011 | $67K | $20K | $323K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $172K, expenses of $122K, and assets of $1.3M (revenue +14.3% year-over-year).
- 2022: Revenue of $150K, expenses of $106K, and assets of $1.3M (revenue -47.2% year-over-year).
- 2021: Revenue of $284K, expenses of $83K, and assets of $1.4M (revenue +21.6% year-over-year).
- 2020: Revenue of $234K, expenses of $70K, and assets of $1.2M (revenue +33.8% year-over-year).
- 2019: Revenue of $175K, expenses of $81K, and assets of $1.0M (revenue +69.6% year-over-year).
- 2015: Revenue of $103K, expenses of $44K, and assets of $587K (revenue +3.4% year-over-year).
- 2014: Revenue of $100K, expenses of $36K, and assets of $542K (revenue -0.9% year-over-year).
- 2013: Revenue of $100K, expenses of $32K, and assets of $458K (revenue +14.8% year-over-year).
- 2012: Revenue of $88K, expenses of $25K, and assets of $395K (revenue +31.4% year-over-year).
- 2011: Revenue of $67K, expenses of $20K, and assets of $323K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ed & Irene Fleis Education Fund Inc:
Data Sources and Methodology
This transparency report for Ed & Irene Fleis Education Fund 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.