Julienne Waters Family Foundation
Julienne Waters Family Foundation operates with minimal revenue and assets, consistently reporting no officer compensation.
EIN: 205820383 · Carson City, NV · NTEE: T90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Total Expenses | $108 |
| Program Spending | 75% |
| Net Assets | $350 |
| Transparency Score | 70/100 |
Is Julienne Waters Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Julienne Waters Family Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Julienne Waters Family Foundation
Julienne Waters Family Foundation (EIN: 205820383) is a nonprofit organization based in Carson City, NV, classified under NTEE code T90. The organization reported total revenue of $1 and total assets of $351 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Julienne Waters Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Julienne Waters Family Foundation is a micro nonprofit that has been operating for 18 years, with 8 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -59.9%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $108 |
| Surplus / Deficit | $-107 |
| Total Assets | $351 |
| Total Liabilities | $1 |
| Net Assets | $350 |
| Operating Margin | -10700.0% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 39.0 months |
Financial Health Grade: B
In 2021, Julienne Waters Family Foundation reported a deficit of $107 with expenses exceeding revenue, holds 39.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2021), Julienne Waters Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -59.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -99.8% | -1.8% | -23.5% |
| 2020 | +184.5% | +103.7% | +22850.0% |
| 2019 | -70.0% | -77.9% | -99.5% |
| 2018 | -87.2% | -98.1% | -64.9% |
| 2014 | -91.8% | -85.5% | +219.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2008 |
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 Julienne Waters Family Foundation with a Mission Score of 70 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Julienne Waters Family Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $107, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is appropriate given the organization's extremely small size and financial activity.
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 Julienne Waters Family Foundation's IRS 990 filings:
- Consistently very low revenue and assets, indicating extremely limited operational scale.
- Frequent periods where expenses significantly exceed revenue, suggesting reliance on prior assets or external support.
Strengths
The following positive indicators were identified for Julienne Waters Family Foundation:
- Consistently reports 0% officer compensation, indicating efficient use of funds for non-executive costs.
- Maintains a small, stable asset base despite fluctuating revenue and expenses.
Frequently Asked Questions about Julienne Waters Family Foundation
Is Julienne Waters Family Foundation a legitimate charity?
Julienne Waters Family Foundation (EIN: 205820383) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 70/100. It has 8 years of IRS 990 filings on record. Total revenue: $1. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Julienne Waters Family Foundation spend its money?
Julienne Waters Family Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Julienne Waters Family Foundation tax-deductible?
Julienne Waters Family Foundation is registered as a tax-exempt nonprofit (EIN: 205820383). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Julienne Waters Family Foundation's spending goes to programs?
Julienne Waters Family Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Julienne Waters Family Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Julienne Waters Family Foundation is above average for NTEE category T90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Julienne Waters Family Foundation located?
Julienne Waters Family Foundation is headquartered in Carson City, Nevada and files with the IRS under EIN 205820383. It is classified under NTEE code T90.
How many years of IRS 990 filings does Julienne Waters Family Foundation have?
Julienne Waters Family Foundation has 8 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 $1 in total revenue.
What is the primary purpose or program activity of the Julienne Waters Family Foundation?
Given the NTEE code T90 (Private Grantmaking Foundations) and the minimal financial activity, the foundation likely engages in very specific, limited grantmaking or charitable distributions, though the filings do not detail specific program activities.
How does the foundation cover its expenses when revenue is significantly lower, such as in 202112 ($1 revenue vs. $108 expenses)?
The foundation likely covers these deficits by drawing from its existing assets or through contributions not categorized as revenue in the specific filing period, such as principal from an endowment or prior year surpluses.
Is the Julienne Waters Family Foundation an effective vehicle for charitable giving?
For donors seeking a large, impactful public charity, this foundation is not suitable due to its extremely small scale. However, for specific, targeted philanthropic efforts by its founders, its low overhead (0% officer comp) could make it efficient for its intended, limited purpose.
Filing History
IRS 990 filing history for Julienne Waters Family Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2021), Julienne Waters Family Foundation's revenue has declined by 100%, moving from $9K to $1. Total assets decreased by 79% over the same period, from $2K to $351. Total functional expenses fell by 99.3%, from $15K to $108. In its most recent filing year (2021), Julienne Waters Family Foundation reported a deficit of $107, with expenses exceeding revenue. The organization holds $1 in liabilities against $351 in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $350.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $1 | $108 | $351 | $1 | — | — |
| 2020 | $569 | $110 | $459 | $1 | — | — |
| 2019 | $200 | $54 | $2 | $1 | — | — |
| 2018 | $667 | $244 | $432 | $0 | — | View 990 |
| 2014 | $5K | $13K | $1K | $37K | — | View 990 |
| 2013 | $64K | $87K | $385 | $29K | — | View 990 |
| 2012 | $30K | $27K | $2K | $5K | — | View 990 |
| 2011 | $9K | $15K | $2K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $1, expenses of $108, and assets of $351 (revenue -99.8% year-over-year).
- 2020: Revenue of $569, expenses of $110, and assets of $459 (revenue +184.5% year-over-year).
- 2019: Revenue of $200, expenses of $54, and assets of $2 (revenue -70.0% year-over-year).
- 2018: Revenue of $667, expenses of $244, and assets of $432 (revenue -87.2% year-over-year).
- 2014: Revenue of $5K, expenses of $13K, and assets of $1K (revenue -91.8% year-over-year).
- 2013: Revenue of $64K, expenses of $87K, and assets of $385 (revenue +110.7% year-over-year).
- 2012: Revenue of $30K, expenses of $27K, and assets of $2K (revenue +227.2% year-over-year).
- 2011: Revenue of $9K, expenses of $15K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Julienne Waters Family Foundation:
Data Sources and Methodology
This transparency report for Julienne Waters Family 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.