J L & Miyoko Wheeler Foundation Inc
J L & Miyoko Wheeler Foundation Inc maintains substantial assets with no officer compensation, but recent filing shows zero revenue and assets.
EIN: 208196129 · Mayfield, KY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $12K |
| Program Spending | 80% |
| Net Assets | $946K |
| Transparency Score | 75/100 |
Is J L & Miyoko Wheeler Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
J L & Miyoko Wheeler Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About J L & Miyoko Wheeler Foundation Inc
J L & Miyoko Wheeler Foundation Inc (EIN: 208196129) is a nonprofit organization based in Mayfield, KY. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of J L & Miyoko Wheeler Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
J L & Miyoko Wheeler Foundation Inc is a micro nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -30.2%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $9K |
| Total Expenses | $12K |
| Surplus / Deficit | $-3,401 |
| Total Assets | $946K |
| Net Assets | $946K |
| Operating Margin | -38.1% |
| Months of Reserves | 920.8 months |
Financial Health Grade: B
In 2015, J L & Miyoko Wheeler Foundation Inc reported a deficit of $3K with expenses exceeding revenue, holds 920.8 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2011–2015), J L & Miyoko Wheeler Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -30.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -84.0% | -79.1% | -0.4% |
| 2014 | +108.0% | -38.0% | -0.4% |
| 2013 | -48.5% | +85.1% | -6.7% |
| 2012 | +38.3% | +498.7% | +0.1% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates J L & Miyoko Wheeler Foundation Inc with a Mission Score of 75 out of 100 (Good). 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: 80%
- fundraising: 10%
According to IRS 990 filings, J L & Miyoko Wheeler Foundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no funds are being used for officer salaries, which is highly favorable for a foundation of this size.
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 J L & Miyoko Wheeler Foundation Inc's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, a significant departure from historical data, requiring clarification.
- NTEE Code is unknown, making it difficult to benchmark against similar organizations.
Strengths
The following positive indicators were identified for J L & Miyoko Wheeler Foundation Inc:
- Consistently reports 0% officer compensation, indicating efficient use of funds.
- Maintained a substantial asset base (near $1 million) for several years, suggesting financial stability.
- Reports $0 in liabilities across all available filings, indicating a strong financial position.
Frequently Asked Questions about J L & Miyoko Wheeler Foundation Inc
Is J L & Miyoko Wheeler Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, J L & Miyoko Wheeler Foundation Inc (EIN: 208196129) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does J L & Miyoko Wheeler Foundation Inc spend its money?
J L & Miyoko Wheeler Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to J L & Miyoko Wheeler Foundation Inc tax-deductible?
J L & Miyoko Wheeler Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208196129). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of J L & Miyoko Wheeler Foundation Inc's spending goes to programs?
J L & Miyoko Wheeler Foundation Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is J L & Miyoko Wheeler Foundation Inc located?
J L & Miyoko Wheeler Foundation Inc is headquartered in Mayfield, Kentucky and files with the IRS under EIN 208196129.
How many years of IRS 990 filings does J L & Miyoko Wheeler Foundation Inc have?
J L & Miyoko Wheeler Foundation Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What caused the reported $0 revenue and assets in the latest filing period?
The provided data shows the latest revenue and assets as $0. This is a significant change from previous years where assets were consistently near $1 million. Further investigation into the specific IRS filing for that period would be necessary to understand if the foundation ceased operations, transferred assets, or if there was a reporting error.
What are the specific program activities of the J L & Miyoko Wheeler Foundation Inc?
The provided data does not detail the specific program activities. To understand the foundation's mission and impact, one would need to review the full IRS Form 990 filings, particularly Schedule O and Part III, Statement of Program Service Accomplishments.
How does the foundation generate its revenue, given its private foundation characteristics?
Based on the revenue figures (e.g., $8,932 in 2015, $55,706 in 2014), it's likely the foundation generates revenue primarily through investment income from its substantial asset base, rather than public fundraising. The specific sources would be detailed in Part VIII of the Form 990.
Filing History
IRS 990 filing history for J L & Miyoko Wheeler Foundation Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), J L & Miyoko Wheeler Foundation Inc's revenue has declined by 76.3%, moving from $38K to $9K. Total assets decreased by 7.3% over the same period, from $1.0M to $946K. Total functional expenses rose by 43.4%, from $9K to $12K. In its most recent filing year (2015), J L & Miyoko Wheeler Foundation Inc reported a deficit of $3K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $9K | $12K | $946K | $0 | — | View 990 |
| 2014 | $56K | $59K | $950K | $0 | — | View 990 |
| 2013 | $27K | $95K | $953K | $0 | — | View 990 |
| 2012 | $52K | $51K | $1.0M | $1 | — | View 990 |
| 2011 | $38K | $9K | $1.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $9K, expenses of $12K, and assets of $946K (revenue -84.0% year-over-year).
- 2014: Revenue of $56K, expenses of $59K, and assets of $950K (revenue +108.0% year-over-year).
- 2013: Revenue of $27K, expenses of $95K, and assets of $953K (revenue -48.5% year-over-year).
- 2012: Revenue of $52K, expenses of $51K, and assets of $1.0M (revenue +38.3% year-over-year).
- 2011: Revenue of $38K, expenses of $9K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for J L & Miyoko Wheeler Foundation Inc:
Data Sources and Methodology
This transparency report for J L & Miyoko Wheeler 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.