Foundations Of East Chicago Inc
Foundations Of East Chicago Inc maintains strong assets and reports no officer compensation, despite fluctuating revenues.
EIN: 208445003 · East Chicago, IN · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.7M |
| Total Expenses | $2.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $40 |
| Net Assets | $35.6M |
| Transparency Score | 95/100 |
Is Foundations Of East Chicago Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foundations Of East Chicago Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foundations Of East Chicago Inc
Foundations Of East Chicago Inc (EIN: 208445003) is a nonprofit organization based in East Chicago, IN, classified under NTEE code T30. The organization reported total revenue of $12.7M and total assets of $40.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundations Of East Chicago Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundations Of East Chicago Inc is a large 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 -13.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $2.8M |
| Surplus / Deficit | +$1.4M |
| Total Assets | $36.3M |
| Total Liabilities | $689K |
| Net Assets | $35.6M |
| Operating Margin | 32.7% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 154.1 months |
Financial Health Grade: A
In 2023, Foundations Of East Chicago Inc reported a surplus of $1.4M with revenue exceeding expenses, holds 154.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Foundations Of East Chicago Inc's revenue has declined at a compound annual growth rate (CAGR) of -13.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.5% | -17.9% | +13.3% |
| 2022 | -21.9% | -29.7% | -15.0% |
| 2021 | +828.9% | +6.7% | +13.6% |
| 2020 | -87.8% | +3.8% | -3.4% |
| 2019 | +7.6% | -2.5% | +24.1% |
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 Foundations Of East Chicago Inc 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Foundations Of East Chicago 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.9%.
Executive Compensation Analysis
Foundations Of East Chicago Inc consistently reports 0% officer compensation across all ten available filings, indicating that no salaries are paid to its officers. This is highly unusual for an organization with assets exceeding $40 million and annual revenues often in the millions, suggesting a volunteer-led executive structure or that compensation is categorized differently, though the explicit 0% is a strong statement.
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 Foundations Of East Chicago Inc's IRS 990 filings:
- Significant revenue volatility, making long-term financial planning potentially challenging.
Strengths
The following positive indicators were identified for Foundations Of East Chicago Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency in executive overhead.
- Strong and stable asset base, providing financial resilience against revenue fluctuations.
- Positive net income in the latest reported period (202312), with revenue exceeding expenses by over $1.3 million.
- Long history of IRS 990 filings (10 filings), demonstrating consistent transparency.
Frequently Asked Questions about Foundations Of East Chicago Inc
Is Foundations Of East Chicago Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundations Of East Chicago Inc (EIN: 208445003) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Foundations Of East Chicago Inc spend its money?
Foundations Of East Chicago Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Foundations Of East Chicago Inc tax-deductible?
Foundations Of East Chicago Inc is registered as a tax-exempt nonprofit (EIN: 208445003). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Foundations Of East Chicago Inc CEO make?
Foundations Of East Chicago Inc's highest-compensated officer earns $40 annually. The organization reported $12.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Foundations Of East Chicago Inc's spending goes to programs?
Foundations Of East Chicago Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Foundations Of East Chicago Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Foundations Of East Chicago Inc is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Foundations Of East Chicago Inc located?
Foundations Of East Chicago Inc is headquartered in East Chicago, Indiana and files with the IRS under EIN 208445003. It is classified under NTEE code T30.
How many years of IRS 990 filings does Foundations Of East Chicago Inc have?
Foundations Of East Chicago 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 $12.7M in total revenue.
How does Foundations Of East Chicago Inc manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's executive leadership may be entirely volunteer-based, or that any compensation for leadership roles is categorized under other expense lines, though the explicit '0%' is a strong indicator of a volunteer model at the officer level.
What is the primary source of Foundations Of East Chicago Inc's revenue given its fluctuations?
The provided data does not detail specific revenue sources. However, the significant fluctuations, such as the $22.8 million in 2011 and $594,203 in 2020, suggest a reliance on grants, investment income, or large one-time donations rather than a consistent, predictable stream like membership dues.
How does the organization sustain its operations during years when expenses exceed revenue?
In years where expenses surpassed revenue (e.g., 2020, 2013, 2012), the organization likely drew upon its substantial asset base, which has consistently been above $27 million, to cover operational costs and continue its programs.
Filing History
IRS 990 filing history for Foundations Of East Chicago Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Foundations Of East Chicago Inc's revenue has declined by 81.6%, moving from $22.9M to $4.2M. Total assets increased by 21.9% over the same period, from $29.8M to $36.3M. Total functional expenses fell by 45.9%, from $5.2M to $2.8M. In its most recent filing year (2023), Foundations Of East Chicago Inc reported a surplus of $1.4M, with revenue exceeding expenses. The organization holds $689K in liabilities against $36.3M in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $35.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $2.8M | $36.3M | $689K | — | View 990 |
| 2022 | $4.3M | $3.4M | $32.0M | $939K | — | View 990 |
| 2021 | $5.5M | $4.9M | $37.7M | $1.3M | — | View 990 |
| 2020 | $594K | $4.6M | $33.2M | $670K | — | View 990 |
| 2019 | $4.9M | $4.4M | $34.4M | $787K | — | View 990 |
| 2015 | $4.5M | $4.5M | $27.7M | $714K | — | View 990 |
| 2014 | $6.1M | $5.2M | $28.8M | $725K | — | View 990 |
| 2013 | $5.5M | $5.7M | $29.1M | $648K | — | View 990 |
| 2012 | $5.0M | $7.4M | $28.3M | $1.0M | — | View 990 |
| 2011 | $22.9M | $5.2M | $29.8M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $2.8M, and assets of $36.3M (revenue -2.5% year-over-year).
- 2022: Revenue of $4.3M, expenses of $3.4M, and assets of $32.0M (revenue -21.9% year-over-year).
- 2021: Revenue of $5.5M, expenses of $4.9M, and assets of $37.7M (revenue +828.9% year-over-year).
- 2020: Revenue of $594K, expenses of $4.6M, and assets of $33.2M (revenue -87.8% year-over-year).
- 2019: Revenue of $4.9M, expenses of $4.4M, and assets of $34.4M (revenue +7.6% year-over-year).
- 2015: Revenue of $4.5M, expenses of $4.5M, and assets of $27.7M (revenue -25.6% year-over-year).
- 2014: Revenue of $6.1M, expenses of $5.2M, and assets of $28.8M (revenue +9.5% year-over-year).
- 2013: Revenue of $5.5M, expenses of $5.7M, and assets of $29.1M (revenue +10.6% year-over-year).
- 2012: Revenue of $5.0M, expenses of $7.4M, and assets of $28.3M (revenue -78.1% year-over-year).
- 2011: Revenue of $22.9M, expenses of $5.2M, and assets of $29.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundations Of East Chicago Inc:
Data Sources and Methodology
This transparency report for Foundations Of East Chicago 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.