First Weber Foundation Inc
First Weber Foundation Inc. reports a deficit in 2023 with declining assets, but maintains 0% officer compensation.
EIN: 203601589 · Madison, WI · NTEE: T99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $317K |
| Total Expenses | $384K |
| Program Spending | 80% |
| Net Assets | $11K |
| Transparency Score | 85/100 |
Is First Weber Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
First Weber Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About First Weber Foundation Inc
First Weber Foundation Inc (EIN: 203601589) is a nonprofit organization based in Madison, WI, classified under NTEE code T99. The organization reported total revenue of $317K and total assets of $120K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of First Weber Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
First Weber Foundation Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $323K |
| Total Expenses | $384K |
| Surplus / Deficit | $-61,063 |
| Total Assets | $40K |
| Total Liabilities | $29K |
| Net Assets | $11K |
| Operating Margin | -18.9% |
| Debt-to-Asset Ratio | 72.6% |
| Months of Reserves | 1.3 months |
Financial Health Grade: D
In 2023, First Weber Foundation Inc reported a deficit of $61K with expenses exceeding revenue, holds 1.3 months of operating reserves (limited), has a debt-to-asset ratio of 72.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), First Weber Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +81.4% | +120.1% | -67.0% |
| 2022 | -40.7% | -37.8% | -7.3% |
| 2021 | -3.5% | +10.2% | -10.1% |
| 2020 | -8.5% | -37.3% | +53.2% |
| 2019 | +4.4% | +47.4% | -1.0% |
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 First Weber Foundation Inc with a Mission Score of 85 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: 80%
- fundraising: 5%
According to IRS 990 filings, First Weber Foundation Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $61K, with expenses exceeding revenue.
- Debt-to-asset ratio: 72.6%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer channels, which is highly favorable for donor funds.
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 First Weber Foundation Inc's IRS 990 filings:
- Significant decrease in assets from $121,721 in 2022 to $40,114 in 2023.
- Expenses ($384,121) exceeded revenue ($323,058) in the most recent fiscal year (202312), resulting in a deficit.
Strengths
The following positive indicators were identified for First Weber Foundation Inc:
- Consistent reporting of 0% officer compensation across all available filings, indicating efficient use of funds.
- Long history of consistent IRS 990 filings (13 filings), demonstrating transparency.
- Generally stable revenue generation over the past decade, typically above $200,000 annually.
Frequently Asked Questions about First Weber Foundation Inc
Is First Weber Foundation Inc a legitimate charity?
First Weber Foundation Inc (EIN: 203601589) is a registered tax-exempt nonprofit based in Wisconsin. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $317K. 2 red flags identified. 3 strengths noted. Financial health grade: D.
How does First Weber Foundation Inc spend its money?
First Weber Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to First Weber Foundation Inc tax-deductible?
First Weber Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203601589). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of First Weber Foundation Inc's spending goes to programs?
First Weber Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does First Weber Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), First Weber Foundation Inc is above average for NTEE category T99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is First Weber Foundation Inc located?
First Weber Foundation Inc is headquartered in Madison, Wisconsin and files with the IRS under EIN 203601589. It is classified under NTEE code T99.
How many years of IRS 990 filings does First Weber Foundation Inc have?
First Weber Foundation Inc has 13 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 $317K in total revenue.
Why did assets decrease significantly from $121,721 in 2022 to $40,114 in 2023?
The provided data shows a substantial drop in assets in the latest filing period (202312). This could be due to significant program expenditures, investment losses, or other financial decisions. Further details from the full 990 filing would be needed to understand the specific reasons.
What caused the deficit of $61,063 in the 2023 fiscal year (Expenses $384,121 vs. Revenue $323,058)?
The 2023 filing indicates expenses exceeded revenue, leading to a deficit. This could be a planned strategic investment in programs, a temporary dip in fundraising, or increased operational costs. The full 990 would provide a breakdown of these expenses.
How does the organization manage its liabilities, which have fluctuated significantly over the years?
Liabilities have varied, for example, from $12,000 in 2018 to $76,994 in 2019. While the latest filing shows $29,120, understanding the nature of these liabilities (e.g., program grants payable, operational debts) and the strategy for managing them is important for financial health.
Filing History
IRS 990 filing history for First Weber Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), First Weber Foundation Inc's revenue has grown by 104%, moving from $158K to $323K. Total assets decreased by 75.5% over the same period, from $164K to $40K. Total functional expenses rose by 180.3%, from $137K to $384K. In its most recent filing year (2023), First Weber Foundation Inc reported a deficit of $61K, with expenses exceeding revenue. The organization holds $29K in liabilities against $40K in assets (debt-to-asset ratio: 72.6%), resulting in net assets of $11K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $323K | $384K | $40K | $29K | — | — |
| 2022 | $178K | $175K | $122K | $31K | — | View 990 |
| 2021 | $300K | $280K | $131K | $36K | — | View 990 |
| 2020 | $311K | $255K | $146K | $71K | — | — |
| 2019 | $340K | $406K | $95K | $77K | — | View 990 |
| 2018 | $326K | $276K | $96K | $12K | — | View 990 |
| 2017 | $227K | $245K | $95K | $61K | — | View 990 |
| 2016 | $297K | $310K | $96K | $45K | — | View 990 |
| 2015 | $211K | $192K | $115K | $50K | — | View 990 |
| 2014 | $186K | $252K | $108K | $63K | — | View 990 |
| 2013 | $190K | $191K | $137K | $26K | — | View 990 |
| 2012 | $159K | $174K | $148K | $35K | — | View 990 |
| 2011 | $158K | $137K | $164K | $36K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $323K, expenses of $384K, and assets of $40K (revenue +81.4% year-over-year).
- 2022: Revenue of $178K, expenses of $175K, and assets of $122K (revenue -40.7% year-over-year).
- 2021: Revenue of $300K, expenses of $280K, and assets of $131K (revenue -3.5% year-over-year).
- 2020: Revenue of $311K, expenses of $255K, and assets of $146K (revenue -8.5% year-over-year).
- 2019: Revenue of $340K, expenses of $406K, and assets of $95K (revenue +4.4% year-over-year).
- 2018: Revenue of $326K, expenses of $276K, and assets of $96K (revenue +43.3% year-over-year).
- 2017: Revenue of $227K, expenses of $245K, and assets of $95K (revenue -23.5% year-over-year).
- 2016: Revenue of $297K, expenses of $310K, and assets of $96K (revenue +40.6% year-over-year).
- 2015: Revenue of $211K, expenses of $192K, and assets of $115K (revenue +13.7% year-over-year).
- 2014: Revenue of $186K, expenses of $252K, and assets of $108K (revenue -2.0% year-over-year).
- 2013: Revenue of $190K, expenses of $191K, and assets of $137K (revenue +19.3% year-over-year).
- 2012: Revenue of $159K, expenses of $174K, and assets of $148K (revenue +0.4% year-over-year).
- 2011: Revenue of $158K, expenses of $137K, and assets of $164K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for First Weber Foundation Inc:
Data Sources and Methodology
This transparency report for First Weber 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.