Foundation For Life Enrichment Inc
Foundation For Life Enrichment Inc shows consistent asset growth and no officer compensation over a decade.
EIN: 10746351 · Stanley, ND · NTEE: B99 · Updated: 2026-03-28
Is Foundation For Life Enrichment Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foundation For Life Enrichment Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foundation For Life Enrichment Inc
Foundation For Life Enrichment Inc (EIN: 10746351) is a nonprofit organization based in Stanley, ND, classified under NTEE code B99. The organization reported total revenue of $186K and total assets of $452K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation For Life Enrichment Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation For Life Enrichment Inc is a small nonprofit that has been operating for 11 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $66K |
| Total Expenses | $58K |
| Surplus / Deficit | +$8K |
| Total Assets | $379K |
| Net Assets | $379K |
| Operating Margin | 12.1% |
| Months of Reserves | 78.7 months |
Financial Health Grade: A
In 2023, Foundation For Life Enrichment Inc reported a surplus of $8K with revenue exceeding expenses, holds 78.7 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2014–2023), Foundation For Life Enrichment Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.3% | +0.3% | +5.4% |
| 2022 | +19.4% | +12.4% | -0.1% |
| 2021 | -26.4% | +80.2% | +4.4% |
| 2020 | +39.6% | -36.8% | +18.2% |
| 2019 | +3.8% | +26.0% | +12.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
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 Foundation For Life Enrichment 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Foundation For Life Enrichment Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. 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 surplus of $8K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all ten years of filings, indicating that executive leadership is either entirely volunteer-based or compensated through non-officer categories, which is highly favorable for donor perception regarding administrative costs.
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 Foundation For Life Enrichment Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data to fully assess program vs. admin spending.
Strengths
The following positive indicators were identified for Foundation For Life Enrichment Inc:
- Consistent asset growth, from $228,300 in 2014 to $451,902 currently.
- Zero reported liabilities across all ten years of filings.
- 0% officer compensation reported, indicating efficient use of funds for leadership.
- Expenses consistently lower than revenue, allowing for healthy asset accumulation.
- Positive trend in latest reported revenue ($185,758) compared to previous years.
Frequently Asked Questions about Foundation For Life Enrichment Inc
Is Foundation For Life Enrichment Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundation For Life Enrichment Inc (EIN: 10746351) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Foundation For Life Enrichment Inc spend its money?
Foundation For Life Enrichment Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Foundation For Life Enrichment Inc tax-deductible?
Foundation For Life Enrichment Inc is registered as a tax-exempt nonprofit (EIN: 10746351). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Foundation For Life Enrichment Inc financially stable?
Yes, the organization demonstrates strong financial stability with consistent asset growth from $228,300 in 2014 to $451,902 currently, and consistently reports zero liabilities.
How much does Foundation For Life Enrichment Inc spend on executive salaries?
The organization consistently reports 0% officer compensation in all available IRS 990 filings, suggesting no direct compensation to officers.
What is the trend in the organization's revenue?
Revenue has fluctuated over the years, but the latest reported revenue of $185,758 is significantly higher than previous years, indicating a recent positive trend or increased activity.
Does Foundation For Life Enrichment Inc have any debt?
No, the organization consistently reports $0 in liabilities across all ten years of IRS 990 filings, indicating no reported debt.
Filing History
IRS 990 filing history for Foundation For Life Enrichment Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Foundation For Life Enrichment Inc's revenue has grown by 81.4%, moving from $36K to $66K. Total assets increased by 65.8% over the same period, from $228K to $379K. Total functional expenses rose by 37.7%, from $42K to $58K. In its most recent filing year (2023), Foundation For Life Enrichment Inc reported a surplus of $8K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $66K | $58K | $379K | $0 | — | View 990 |
| 2022 | $69K | $58K | $359K | $0 | — | View 990 |
| 2021 | $57K | $51K | $359K | $0 | — | View 990 |
| 2020 | $78K | $28K | $344K | $0 | — | View 990 |
| 2019 | $56K | $45K | $291K | $0 | — | View 990 |
| 2018 | $54K | $36K | $260K | $0 | — | View 990 |
| 2017 | $47K | $42K | $252K | $0 | — | View 990 |
| 2016 | $79K | $59K | $248K | $0 | — | View 990 |
| 2015 | $48K | $51K | $225K | $0 | — | View 990 |
| 2014 | $36K | $42K | $228K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $66K, expenses of $58K, and assets of $379K (revenue -4.3% year-over-year).
- 2022: Revenue of $69K, expenses of $58K, and assets of $359K (revenue +19.4% year-over-year).
- 2021: Revenue of $57K, expenses of $51K, and assets of $359K (revenue -26.4% year-over-year).
- 2020: Revenue of $78K, expenses of $28K, and assets of $344K (revenue +39.6% year-over-year).
- 2019: Revenue of $56K, expenses of $45K, and assets of $291K (revenue +3.8% year-over-year).
- 2018: Revenue of $54K, expenses of $36K, and assets of $260K (revenue +15.8% year-over-year).
- 2017: Revenue of $47K, expenses of $42K, and assets of $252K (revenue -41.2% year-over-year).
- 2016: Revenue of $79K, expenses of $59K, and assets of $248K (revenue +64.3% year-over-year).
- 2015: Revenue of $48K, expenses of $51K, and assets of $225K (revenue +33.1% year-over-year).
- 2014: Revenue of $36K, expenses of $42K, and assets of $228K.
Data Sources and Methodology
This transparency report for Foundation For Life Enrichment 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.