Engebretson Foundation Inc
Engebretson Foundation maintains stable assets and zero officer compensation amidst fluctuating revenue.
EIN: 201572020 · Elkhorn, NE · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $421K |
| Total Expenses | $91K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.0M |
| Transparency Score | 90/100 |
Is Engebretson Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Engebretson Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Engebretson Foundation Inc
Engebretson Foundation Inc (EIN: 201572020) is a nonprofit organization based in Elkhorn, NE, classified under NTEE code B82. The organization reported total revenue of $421K and total assets of $930K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Engebretson Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Engebretson Foundation Inc is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 27.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $92K |
| Total Expenses | $91K |
| Surplus / Deficit | +$1K |
| Total Assets | $1.0M |
| Total Liabilities | $1 |
| Net Assets | $1.0M |
| Operating Margin | 1.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 132.0 months |
Financial Health Grade: A
In 2024, Engebretson Foundation Inc reported a surplus of $1K 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 (2012–2024), Engebretson Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 27.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +171.5% | +10.2% | +0.1% |
| 2023 | -16.0% | +34.2% | -4.6% |
| 2022 | -80.7% | +9.8% | -2.0% |
| 2021 | +584.4% | +0.9% | +16.8% |
| 2020 | +9.4% | -0.8% | -6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Engebretson Foundation Inc with a Mission Score of 90 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Engebretson Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly efficient for an organization with assets consistently near or over $1 million.
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 Engebretson Foundation Inc's IRS 990 filings:
- Highly fluctuating revenue, making future income less predictable.
Strengths
The following positive indicators were identified for Engebretson Foundation Inc:
- Consistent zero officer compensation, indicating high efficiency.
- Strong asset base, consistently over $900,000 in recent years.
- Minimal liabilities, demonstrating sound financial management.
- Expenses are consistently lower than assets, indicating financial prudence.
Frequently Asked Questions about Engebretson Foundation Inc
Is Engebretson Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Engebretson Foundation Inc (EIN: 201572020) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Engebretson Foundation Inc spend its money?
Engebretson Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Engebretson Foundation Inc tax-deductible?
Engebretson Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201572020). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Engebretson Foundation Inc CEO make?
Engebretson Foundation Inc's highest-compensated officer earns $1 annually. The organization reported $421K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Engebretson Foundation Inc's spending goes to programs?
Engebretson Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Engebretson Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Engebretson Foundation Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Engebretson Foundation Inc located?
Engebretson Foundation Inc is headquartered in Elkhorn, Nebraska and files with the IRS under EIN 201572020. It is classified under NTEE code B82.
How many years of IRS 990 filings does Engebretson Foundation Inc have?
Engebretson 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 $421K in total revenue.
Is Engebretson Foundation Inc. a good charity?
Based on the provided data, the Engebretson Foundation Inc. appears to be a very good charity from a financial perspective. It maintains substantial assets, has very low liabilities, and consistently reports 0% officer compensation, indicating that funds are not being used for executive salaries. This suggests a high degree of financial efficiency and a strong commitment to its mission.
How has the organization's revenue trended over time?
The organization's revenue has shown significant fluctuations. It had a peak of $1,045,530 in 201505, but more recently, revenues have been lower, such as $92,478 in 202405 and $34,064 in 202305. This indicates an inconsistent funding stream, though the organization has managed to maintain its asset base.
What is the financial stability of the Engebretson Foundation Inc.?
The Engebretson Foundation Inc. demonstrates strong financial stability. Its assets have consistently been near or above $900,000 in recent years, reaching $1,003,080 in 202405, while liabilities have remained minimal, often reported as $1. This indicates a healthy balance sheet and robust financial reserves.
Filing History
IRS 990 filing history for Engebretson Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Engebretson Foundation Inc's revenue has grown by 1664.5%, moving from $5K to $92K. Total assets increased by 1427.6% over the same period, from $66K to $1.0M. Total functional expenses rose by 103.7%, from $45K to $91K. In its most recent filing year (2024), Engebretson Foundation Inc reported a surplus of $1K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $92K | $91K | $1.0M | $1 | — | — |
| 2023 | $34K | $83K | $1.0M | $1 | — | View 990 |
| 2022 | $41K | $62K | $1.1M | $1 | — | — |
| 2021 | $211K | $56K | $1.1M | $1 | — | View 990 |
| 2020 | $31K | $56K | $917K | $0 | — | View 990 |
| 2016 | $28K | $56K | $985K | $0 | — | View 990 |
| 2015 | $1.0M | $42K | $1.0M | $0 | — | View 990 |
| 2014 | $9K | $33K | $10K | $0 | — | View 990 |
| 2013 | $6K | $37K | $34K | $0 | — | View 990 |
| 2012 | $5K | $45K | $66K | $134 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $92K, expenses of $91K, and assets of $1.0M (revenue +171.5% year-over-year).
- 2023: Revenue of $34K, expenses of $83K, and assets of $1.0M (revenue -16.0% year-over-year).
- 2022: Revenue of $41K, expenses of $62K, and assets of $1.1M (revenue -80.7% year-over-year).
- 2021: Revenue of $211K, expenses of $56K, and assets of $1.1M (revenue +584.4% year-over-year).
- 2020: Revenue of $31K, expenses of $56K, and assets of $917K (revenue +9.4% year-over-year).
- 2016: Revenue of $28K, expenses of $56K, and assets of $985K (revenue -97.3% year-over-year).
- 2015: Revenue of $1.0M, expenses of $42K, and assets of $1.0M (revenue +12191.7% year-over-year).
- 2014: Revenue of $9K, expenses of $33K, and assets of $10K (revenue +42.0% year-over-year).
- 2013: Revenue of $6K, expenses of $37K, and assets of $34K (revenue +14.3% year-over-year).
- 2012: Revenue of $5K, expenses of $45K, and assets of $66K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Engebretson Foundation Inc:
Data Sources and Methodology
This transparency report for Engebretson 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.