Foroulis Private Foundation The
Foroulis Private Foundation consistently spends more than its revenue, drawing on substantial assets, with no officer compensation.
EIN: 207438469 · Las Vegas, NV · NTEE: T11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.9M |
| Total Expenses | $1.2M |
| Program Spending | 90% |
| Net Assets | $16.9M |
| Transparency Score | 95/100 |
Is Foroulis Private Foundation The Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foroulis Private Foundation The directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foroulis Private Foundation The
Foroulis Private Foundation The (EIN: 207438469) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code T11. The organization reported total revenue of $5.9M and total assets of $16.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foroulis Private Foundation The's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foroulis Private Foundation The is a mid-size nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 49.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $822K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-375,314 |
| Total Assets | $16.9M |
| Total Liabilities | $90 |
| Net Assets | $16.9M |
| Operating Margin | -45.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 169.3 months |
Financial Health Grade: B
In 2023, Foroulis Private Foundation The reported a deficit of $375K with expenses exceeding revenue, holds 169.3 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), Foroulis Private Foundation The's revenue has grown at a compound annual growth rate (CAGR) of 49.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.9% | -10.9% | -2.5% |
| 2022 | -53.4% | +13.4% | -3.1% |
| 2021 | -7.3% | +5.4% | +1.6% |
| 2020 | +200.4% | +242.8% | +2.0% |
| 2019 | +1274.4% | +720.0% | +1995.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Foroulis Private Foundation The 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, Foroulis Private Foundation The 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 deficit of $375K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the foundation, which is a strong positive for resource allocation.
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 Foroulis Private Foundation The:
- Zero officer compensation, indicating all funds go to mission or operations.
- Substantial asset base ($16,885,370 in 2023) providing long-term stability.
- Consistent IRS 990 filing history (10 filings), demonstrating transparency and compliance.
- Minimal liabilities across all reported periods, indicating sound financial management.
- Consistent spending on mission, often exceeding revenue, showing active grantmaking.
Frequently Asked Questions about Foroulis Private Foundation The
Is Foroulis Private Foundation The a legitimate charity?
Foroulis Private Foundation The (EIN: 207438469) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $5.9M. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Foroulis Private Foundation The spend its money?
Foroulis Private Foundation The directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Foroulis Private Foundation The tax-deductible?
Foroulis Private Foundation The is registered as a tax-exempt nonprofit (EIN: 207438469). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Foroulis Private Foundation The compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Foroulis Private Foundation The is above average for NTEE category T11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Foroulis Private Foundation The located?
Foroulis Private Foundation The is headquartered in Las Vegas, Nevada and files with the IRS under EIN 207438469. It is classified under NTEE code T11.
How many years of IRS 990 filings does Foroulis Private Foundation The have?
Foroulis Private Foundation The 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 $5.9M in total revenue.
Is Foroulis Private Foundation a good charity?
Based on the provided data, the Foroulis Private Foundation appears to be a very good charity. It has substantial assets, consistently spends on its mission (often exceeding revenue), and reports 0% officer compensation, indicating efficient use of funds.
How does the foundation manage its finances given expenses often exceed revenue?
The foundation manages this by drawing down on its significant asset base. For example, in 2023, assets were $16,885,370, providing a substantial reserve to cover the $1,197,085 in expenses against $821,771 in revenue.
What is the trend in the foundation's assets?
The foundation's assets have shown a slight decline in recent years (from $17,877,100 in 2021 to $16,885,370 in 2023) due to spending exceeding revenue, but they remain very substantial, indicating long-term financial stability.
Filing History
IRS 990 filing history for Foroulis Private Foundation The showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Foroulis Private Foundation The's revenue has grown by 12345.4%, moving from $7K to $822K. Total assets increased by 1877.6% over the same period, from $854K to $16.9M. Total functional expenses rose by 2686%, from $43K to $1.2M. In its most recent filing year (2023), Foroulis Private Foundation The reported a deficit of $375K, with expenses exceeding revenue. The organization holds $90 in liabilities against $16.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $16.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $822K | $1.2M | $16.9M | $90 | — | — |
| 2022 | $633K | $1.3M | $17.3M | $15 | — | View 990 |
| 2021 | $1.4M | $1.2M | $17.9M | $25 | — | — |
| 2020 | $1.5M | $1.1M | $17.6M | $110 | — | View 990 |
| 2019 | $487K | $328K | $17.2M | $1 | — | View 990 |
| 2015 | $35K | $40K | $823K | $1 | — | View 990 |
| 2014 | $40K | $41K | $827K | $1 | — | View 990 |
| 2013 | $24K | $40K | $828K | $1 | — | View 990 |
| 2012 | $32K | $40K | $845K | $0 | — | View 990 |
| 2011 | $7K | $43K | $854K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $822K, expenses of $1.2M, and assets of $16.9M (revenue +29.9% year-over-year).
- 2022: Revenue of $633K, expenses of $1.3M, and assets of $17.3M (revenue -53.4% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.2M, and assets of $17.9M (revenue -7.3% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.1M, and assets of $17.6M (revenue +200.4% year-over-year).
- 2019: Revenue of $487K, expenses of $328K, and assets of $17.2M (revenue +1274.4% year-over-year).
- 2015: Revenue of $35K, expenses of $40K, and assets of $823K (revenue -11.1% year-over-year).
- 2014: Revenue of $40K, expenses of $41K, and assets of $827K (revenue +68.6% year-over-year).
- 2013: Revenue of $24K, expenses of $40K, and assets of $828K (revenue -25.6% year-over-year).
- 2012: Revenue of $32K, expenses of $40K, and assets of $845K (revenue +381.2% year-over-year).
- 2011: Revenue of $7K, expenses of $43K, and assets of $854K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foroulis Private Foundation The:
Data Sources and Methodology
This transparency report for Foroulis Private Foundation The 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.