Findlay Education Foundation
Findlay Education Foundation faces significant financial challenges with declining revenue and consistent operating deficits.
EIN: 205109148 · Henderson, NV · NTEE: T23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $275 |
| Total Expenses | $50K |
| Program Spending | 80% |
| Net Assets | $28K |
| Transparency Score | 45/100 |
Is Findlay Education Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Findlay Education Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Findlay Education Foundation
Findlay Education Foundation (EIN: 205109148) is a nonprofit organization based in Henderson, NV, classified under NTEE code T23. The organization reported total revenue of $275 and total assets of $31K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Findlay Education Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Findlay Education Foundation is a micro nonprofit that has been operating for 18 years, with 6 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -78.7%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $50K |
| Surplus / Deficit | $-49,999 |
| Total Assets | $28K |
| Total Liabilities | $1 |
| Net Assets | $28K |
| Operating Margin | -4999900.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 6.8 months |
Financial Health Grade: B
In 2019, Findlay Education Foundation reported a deficit of $50K with expenses exceeding revenue, holds 6.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2019), Findlay Education Foundation's revenue has declined at a compound annual growth rate (CAGR) of -78.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -100.0% | -52.2% | -50.0% |
| 2015 | -74.8% | -65.4% | -22.9% |
| 2014 | -15.8% | -28.7% | +163.8% |
| 2013 | +39.6% | +5.7% | -27.6% |
| 2012 | +24.1% | +25.0% | -73.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Findlay Education Foundation with a Mission Score of 45 out of 100 (Fair). 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: 80%
- fundraising: 5%
According to IRS 990 filings, Findlay Education Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $50K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, indicating that no executive salaries are paid, which is highly favorable for donor confidence and resource allocation to the mission.
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 Findlay Education Foundation's IRS 990 filings:
- Significant and consistent operating deficits (e.g., $1 revenue vs. $50,000 expenses in 2019).
- Drastic decline in revenue over time, from hundreds of thousands to hundreds of dollars.
- Fluctuating assets with a current value significantly lower than historical highs ($143,990 in 2011 vs. $31,158 currently).
Strengths
The following positive indicators were identified for Findlay Education Foundation:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership.
- Minimal liabilities reported across all filings, suggesting no significant debt burden.
Frequently Asked Questions about Findlay Education Foundation
Is Findlay Education Foundation a legitimate charity?
Findlay Education Foundation (EIN: 205109148) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 45/100. It has 6 years of IRS 990 filings on record. Total revenue: $275. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Findlay Education Foundation spend its money?
Findlay Education Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Findlay Education Foundation tax-deductible?
Findlay Education Foundation is registered as a tax-exempt nonprofit (EIN: 205109148). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Findlay Education Foundation's spending goes to programs?
Findlay Education Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Findlay Education Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Findlay Education Foundation is near average for NTEE category T23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Findlay Education Foundation located?
Findlay Education Foundation is headquartered in Henderson, Nevada and files with the IRS under EIN 205109148. It is classified under NTEE code T23.
How many years of IRS 990 filings does Findlay Education Foundation have?
Findlay Education Foundation has 6 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 $275 in total revenue.
Is Findlay Education Foundation financially sustainable?
Based on the provided data, the foundation's financial sustainability is questionable. Its latest revenue of $275 is extremely low, and it has a history of expenses significantly exceeding revenue, such as $1 revenue against $50,000 expenses in 2019.
What caused the drastic decline in revenue from $413,300 in 2013 to $275 currently?
The provided IRS 990 data does not specify the reasons for the revenue decline, but it is a significant trend that warrants further investigation into fundraising strategies and donor engagement.
How does the organization cover its expenses when revenue is so low?
With revenue as low as $1 in 2019 against $50,000 in expenses, the organization would have had to draw heavily from its assets or rely on other undisclosed funding sources to cover operational costs. This is not sustainable long-term.
Filing History
IRS 990 filing history for Findlay Education Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2019), Findlay Education Foundation's revenue has declined by 100%, moving from $238K to $1. Total assets decreased by 80.2% over the same period, from $144K to $28K. Total functional expenses fell by 84.4%, from $321K to $50K. In its most recent filing year (2019), Findlay Education Foundation reported a deficit of $50K, with expenses exceeding revenue. The organization holds $1 in liabilities against $28K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $28K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $1 | $50K | $28K | $1 | — | — |
| 2015 | $88K | $105K | $57K | $1 | — | View 990 |
| 2014 | $348K | $302K | $74K | $1 | — | View 990 |
| 2013 | $413K | $424K | $28K | $1 | — | View 990 |
| 2012 | $296K | $401K | $39K | $0 | — | View 990 |
| 2011 | $238K | $321K | $144K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $1, expenses of $50K, and assets of $28K (revenue -100.0% year-over-year).
- 2015: Revenue of $88K, expenses of $105K, and assets of $57K (revenue -74.8% year-over-year).
- 2014: Revenue of $348K, expenses of $302K, and assets of $74K (revenue -15.8% year-over-year).
- 2013: Revenue of $413K, expenses of $424K, and assets of $28K (revenue +39.6% year-over-year).
- 2012: Revenue of $296K, expenses of $401K, and assets of $39K (revenue +24.1% year-over-year).
- 2011: Revenue of $238K, expenses of $321K, and assets of $144K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Findlay Education Foundation:
Data Sources and Methodology
This transparency report for Findlay Education Foundation 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.