Henry T Nicholas Iii Foundation
Henry T Nicholas Iii Foundation maintains substantial assets with zero reported officer compensation.
EIN: 207201390 · Aliso Viejo, CA · NTEE: T22 · Updated: 2026-03-28
Is Henry T Nicholas Iii Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Henry T Nicholas Iii Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Henry T Nicholas Iii Foundation
Henry T Nicholas Iii Foundation (EIN: 207201390) is a nonprofit organization based in Aliso Viejo, CA, classified under NTEE code T22. The organization reported total revenue of $7.5M and total assets of $589.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Henry T Nicholas Iii Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Henry T Nicholas Iii Foundation with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Henry T Nicholas Iii Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly favorable for a nonprofit of its size with assets exceeding $300 million.
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 Henry T Nicholas Iii Foundation's IRS 990 filings:
- Expenses exceeded revenue in 2023 ($9.1M vs $5.1M), indicating reliance on prior year surpluses or asset drawdowns.
Strengths
The following positive indicators were identified for Henry T Nicholas Iii Foundation:
- Consistent 0% officer compensation across all filings, indicating high efficiency in executive pay.
- Substantial and growing asset base, reaching $312 million in 2023, providing long-term stability.
- Strong program focus as a private grantmaking foundation (NTEE T22), implying direct charitable activity.
- Low liabilities relative to assets, with liabilities at $4.4 million against $312 million in assets in 2023.
Frequently Asked Questions about Henry T Nicholas Iii Foundation
Is Henry T Nicholas Iii Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Henry T Nicholas Iii Foundation (EIN: 207201390) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Henry T Nicholas Iii Foundation spend its money?
Henry T Nicholas Iii Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Henry T Nicholas Iii Foundation tax-deductible?
Henry T Nicholas Iii Foundation is registered as a tax-exempt nonprofit (EIN: 207201390). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Henry T Nicholas Iii Foundation a good charity?
Based on the available data, the foundation appears to be a very good charity. It has a strong asset base ($312 million in 2023), consistently reports 0% officer compensation, and its NTEE code (T22 - Private Grantmaking Foundations) suggests its primary activity is making grants to other organizations, which is a direct programmatic function.
How has the foundation's financial health changed over time?
The foundation's financial health has significantly improved over time, with assets growing from $5.9 million in 2011 to $312 million in 2023. While revenue has been volatile, the consistent growth in assets demonstrates strong long-term financial management.
What is the trend in the foundation's revenue and expenses?
Revenue has shown significant fluctuations, with highs like $35.9 million in 2020 and lows like $8,825 in 2011. Expenses have generally increased over time, reaching $9.1 million in 2023, occasionally exceeding revenue, as seen in 2023 ($5.1 million revenue vs. $9.1 million expenses).
Filing History
IRS 990 filing history for Henry T Nicholas Iii Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Henry T Nicholas Iii Foundation's revenue has grown by 57668.6%, moving from $9K to $5.1M. Total assets increased by 5170.3% over the same period, from $5.9M to $312.1M. Total functional expenses rose by 560.5%, from $1.4M to $9.1M. In its most recent filing year (2023), Henry T Nicholas Iii Foundation reported a deficit of $4.0M, with expenses exceeding revenue. The organization holds $4.4M in liabilities against $312.1M in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $307.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $5.1M | $9.1M | $312.1M | $4.4M | — | — |
| 2022 | $9.0M | $6.6M | $192.6M | $2.6M | — | View 990 |
| 2021 | $4.7M | $6.1M | $227.7M | $3.1M | — | View 990 |
| 2020 | $36.0M | $4.8M | $158.6M | $2.1M | — | View 990 |
| 2019 | $27.6M | $4.9M | $95.1M | $1.7M | — | View 990 |
| 2015 | $5.1M | $2.5M | $16.5M | $83K | — | View 990 |
| 2014 | $6.4M | $2.9M | $13.8M | $114K | — | View 990 |
| 2013 | $8.0M | $2.5M | $10.5M | $0 | — | View 990 |
| 2012 | $106K | $1.6M | $4.7M | $8K | — | View 990 |
| 2011 | $9K | $1.4M | $5.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.1M, expenses of $9.1M, and assets of $312.1M (revenue -43.3% year-over-year).
- 2022: Revenue of $9.0M, expenses of $6.6M, and assets of $192.6M (revenue +93.3% year-over-year).
- 2021: Revenue of $4.7M, expenses of $6.1M, and assets of $227.7M (revenue -87.1% year-over-year).
- 2020: Revenue of $36.0M, expenses of $4.8M, and assets of $158.6M (revenue +30.1% year-over-year).
- 2019: Revenue of $27.6M, expenses of $4.9M, and assets of $95.1M (revenue +443.7% year-over-year).
- 2015: Revenue of $5.1M, expenses of $2.5M, and assets of $16.5M (revenue -20.8% year-over-year).
- 2014: Revenue of $6.4M, expenses of $2.9M, and assets of $13.8M (revenue -20.1% year-over-year).
- 2013: Revenue of $8.0M, expenses of $2.5M, and assets of $10.5M (revenue +7452.7% year-over-year).
- 2012: Revenue of $106K, expenses of $1.6M, and assets of $4.7M (revenue +1105.4% year-over-year).
- 2011: Revenue of $9K, expenses of $1.4M, and assets of $5.9M.
Data Sources and Methodology
This transparency report for Henry T Nicholas Iii 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.