Edward & Romell Ackley Fnd 040006998900
Edward & Romell Ackley Fnd consistently spends more than its annual revenue, drawing from its substantial asset base.
EIN: 206014363 · Milwaukee, WI · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $833K |
| Total Expenses | $252K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $4,087,409 |
| Net Assets | $4.2M |
| Transparency Score | 80/100 |
Is Edward & Romell Ackley Fnd 040006998900 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Edward & Romell Ackley Fnd 040006998900 directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Edward & Romell Ackley Fnd 040006998900
Edward & Romell Ackley Fnd 040006998900 (EIN: 206014363) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code T22. The organization reported total revenue of $833K and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edward & Romell Ackley Fnd 040006998900's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Edward & Romell Ackley Fnd 040006998900 is a small nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $190K |
| Total Expenses | $252K |
| Surplus / Deficit | $-61,898 |
| Total Assets | $4.2M |
| Total Liabilities | $1 |
| Net Assets | $4.2M |
| Operating Margin | -32.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 197.6 months |
Financial Health Grade: B
In 2023, Edward & Romell Ackley Fnd 040006998900 reported a deficit of $62K with expenses exceeding revenue, holds 197.6 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), Edward & Romell Ackley Fnd 040006998900's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +163.9% | -11.7% | -1.6% |
| 2022 | -92.8% | -5.6% | -4.9% |
| 2021 | +413.3% | +14.7% | +18.7% |
| 2020 | +25.6% | +1.7% | -1.8% |
| 2019 | -25.9% | +7.4% | -6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Edward & Romell Ackley Fnd 040006998900 with a Mission Score of 80 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Edward & Romell Ackley Fnd 040006998900 allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 deficit of $62K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly efficient for a foundation of this size ($4,087,409 in assets).
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 Edward & Romell Ackley Fnd 040006998900's IRS 990 filings:
- Consistent negative net income (expenses exceeding revenue) in most recent years, potentially drawing down principal.
Strengths
The following positive indicators were identified for Edward & Romell Ackley Fnd 040006998900:
- Substantial and stable asset base ($4,087,409 latest assets).
- Zero officer compensation reported across all filings, indicating high efficiency in executive costs.
- Consistent IRS 990 filing history demonstrates transparency.
- Minimal liabilities ($1 across many years) suggests strong financial management and no significant debt.
Frequently Asked Questions about Edward & Romell Ackley Fnd 040006998900
Is Edward & Romell Ackley Fnd 040006998900 a legitimate charity?
Edward & Romell Ackley Fnd 040006998900 (EIN: 206014363) is a registered tax-exempt nonprofit based in Wisconsin. Our AI analysis gives it a Mission Score of 80/100. It has 10 years of IRS 990 filings on record. Total revenue: $833K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Edward & Romell Ackley Fnd 040006998900 spend its money?
Edward & Romell Ackley Fnd 040006998900 directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Edward & Romell Ackley Fnd 040006998900 tax-deductible?
Edward & Romell Ackley Fnd 040006998900 is registered as a tax-exempt nonprofit (EIN: 206014363). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Edward & Romell Ackley Fnd 040006998900 CEO make?
Edward & Romell Ackley Fnd 040006998900's highest-compensated officer earns $4,087,409 annually. The organization reported $833K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Edward & Romell Ackley Fnd 040006998900 compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Edward & Romell Ackley Fnd 040006998900 is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Edward & Romell Ackley Fnd 040006998900 located?
Edward & Romell Ackley Fnd 040006998900 is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 206014363. It is classified under NTEE code T22.
How many years of IRS 990 filings does Edward & Romell Ackley Fnd 040006998900 have?
Edward & Romell Ackley Fnd 040006998900 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 $833K in total revenue.
Is Edward & Romell Ackley Fnd a good charity?
As a private foundation, it primarily functions by making grants. Its consistent asset base and lack of officer compensation are positive indicators. However, without knowing its specific grant-making activities and impact, a full assessment of its 'goodness' is limited to its financial health and efficiency.
Why does the foundation consistently spend more than it earns?
This is common for private foundations that operate on an endowment model. They often distribute a percentage of their assets annually, which may exceed their investment income in a given year, especially if they are drawing down principal or experiencing market fluctuations.
What is the primary purpose of this organization?
Based on the NTEE code T22 (Private Grantmaking Foundations) and the financial data, its primary purpose is likely to make grants to other charitable organizations or individuals, rather than direct program services.
Filing History
IRS 990 filing history for Edward & Romell Ackley Fnd 040006998900 showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Edward & Romell Ackley Fnd 040006998900's revenue has declined by 5.1%, moving from $200K to $190K. Total assets increased by 10.7% over the same period, from $3.8M to $4.2M. Total functional expenses rose by 3.2%, from $244K to $252K. In its most recent filing year (2023), Edward & Romell Ackley Fnd 040006998900 reported a deficit of $62K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $190K | $252K | $4.2M | $1 | — | View 990 |
| 2022 | $72K | $286K | $4.2M | $1 | — | View 990 |
| 2021 | $1.0M | $303K | $4.4M | $1 | — | — |
| 2020 | $196K | $264K | $3.7M | $1 | — | — |
| 2019 | $156K | $260K | $3.8M | $1 | — | View 990 |
| 2015 | $211K | $242K | $4.1M | $0 | — | View 990 |
| 2014 | $571K | $303K | $4.1M | $0 | — | View 990 |
| 2013 | $344K | $243K | $3.9M | $1 | — | View 990 |
| 2012 | $225K | $248K | $3.7M | $1 | — | View 990 |
| 2011 | $200K | $244K | $3.8M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $190K, expenses of $252K, and assets of $4.2M (revenue +163.9% year-over-year).
- 2022: Revenue of $72K, expenses of $286K, and assets of $4.2M (revenue -92.8% year-over-year).
- 2021: Revenue of $1.0M, expenses of $303K, and assets of $4.4M (revenue +413.3% year-over-year).
- 2020: Revenue of $196K, expenses of $264K, and assets of $3.7M (revenue +25.6% year-over-year).
- 2019: Revenue of $156K, expenses of $260K, and assets of $3.8M (revenue -25.9% year-over-year).
- 2015: Revenue of $211K, expenses of $242K, and assets of $4.1M (revenue -63.1% year-over-year).
- 2014: Revenue of $571K, expenses of $303K, and assets of $4.1M (revenue +66.0% year-over-year).
- 2013: Revenue of $344K, expenses of $243K, and assets of $3.9M (revenue +53.2% year-over-year).
- 2012: Revenue of $225K, expenses of $248K, and assets of $3.7M (revenue +12.0% year-over-year).
- 2011: Revenue of $200K, expenses of $244K, and assets of $3.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Edward & Romell Ackley Fnd 040006998900:
Data Sources and Methodology
This transparency report for Edward & Romell Ackley Fnd 040006998900 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.