Kuali Foundation Inc
Kuali Foundation experiences significant revenue and expense fluctuations, with no reported officer compensation.
EIN: 205118023 · Bloomington, IN · NTEE: B02 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $4.1M |
| Program Spending | 80% |
| Net Assets | $768K |
| Transparency Score | 70/100 |
Is Kuali Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kuali Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kuali Foundation Inc
Kuali Foundation Inc (EIN: 205118023) is a nonprofit organization based in Bloomington, IN, classified under NTEE code B02. The organization reported total revenue of $1.7M and total assets of $555K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kuali Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kuali Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -10.4%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $4.1M |
| Surplus / Deficit | $-1,961,623 |
| Total Assets | $777K |
| Total Liabilities | $9K |
| Net Assets | $768K |
| Operating Margin | -91.0% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 2.3 months |
Financial Health Grade: C
In 2022, Kuali Foundation Inc reported a deficit of $2.0M with expenses exceeding revenue, holds 2.3 months of operating reserves (limited), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Kuali Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -10.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -52.1% | -13.5% | -78.2% |
| 2021 | +20.3% | +39.9% | +9.6% |
| 2020 | -36.9% | -36.2% | +9.5% |
| 2019 | +228.9% | -41.6% | -54.7% |
| 2018 | -89.4% | -1.9% | -56.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Kuali Foundation Inc 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: 80%
- fundraising: 5%
According to IRS 990 filings, Kuali Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization with revenues reaching tens of millions in prior years.
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 Kuali Foundation Inc's IRS 990 filings:
- Significant and inconsistent year-over-year revenue and expense fluctuations, indicating potential financial instability.
- Substantial deficits in multiple years (e.g., $9 million deficit in 2015, $2 million deficit in 2022) without clear explanation of how these are sustained.
- Dramatic decrease in assets from a high of $27.8 million in 2013 to $555,276 currently, suggesting significant asset depletion or divestment.
- Consistent 0% officer compensation, which is unusual for an organization of this scale and could imply compensation is reported elsewhere or through related parties.
Strengths
The following positive indicators were identified for Kuali Foundation Inc:
- Long history of IRS 990 filings (12 filings), demonstrating commitment to public disclosure.
- No reported officer compensation, suggesting a focus on minimizing executive overhead.
- Significant revenue generation in peak years, indicating capacity for large-scale operations.
- Relatively low liabilities compared to assets in many periods, suggesting good debt management.
Frequently Asked Questions about Kuali Foundation Inc
Is Kuali Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kuali Foundation Inc (EIN: 205118023) some concerns. Mission Score: 70/100. 4 red flags identified, 4 strengths noted.
How does Kuali Foundation Inc spend its money?
Kuali Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kuali Foundation Inc tax-deductible?
Kuali Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205118023). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kuali Foundation Inc's spending goes to programs?
Kuali Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kuali Foundation Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Kuali Foundation Inc is above average for NTEE category B02 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kuali Foundation Inc located?
Kuali Foundation Inc is headquartered in Bloomington, Indiana and files with the IRS under EIN 205118023. It is classified under NTEE code B02.
How many years of IRS 990 filings does Kuali Foundation Inc have?
Kuali Foundation Inc has 12 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 $1.7M in total revenue.
What is the primary source of Kuali Foundation's revenue, given its significant fluctuations?
The IRS 990 filings show substantial revenue swings, from $17 million in 2017 to $2 million in 2022, suggesting a reliance on grants, specific projects, or membership fees that vary significantly year-to-year.
How does Kuali Foundation manage its large deficits in certain years, such as 2015 and 2022?
The organization likely draws upon its accumulated assets or reserves to cover expenses when revenue falls short, as evidenced by the decrease in assets from $27.8 million in 2013 to $555,276 currently.
What is the reason for the consistent 0% officer compensation reported across all filings?
This could indicate that officers are compensated by a related entity, are volunteers, or that their compensation is reported under other expense categories, which would require further investigation to confirm.
Filing History
IRS 990 filing history for Kuali Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Kuali Foundation Inc's revenue has declined by 70.2%, moving from $7.2M to $2.2M. Total assets decreased by 96.8% over the same period, from $24.0M to $777K. Total functional expenses fell by 50.8%, from $8.4M to $4.1M. In its most recent filing year (2022), Kuali Foundation Inc reported a deficit of $2.0M, with expenses exceeding revenue. The organization holds $9K in liabilities against $777K in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $768K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $2.2M | $4.1M | $777K | $9K | — | View 990 |
| 2021 | $4.5M | $4.8M | $3.6M | $840K | — | — |
| 2020 | $3.7M | $3.4M | $3.3M | $268K | — | View 990 |
| 2019 | $5.9M | $5.3M | $3.0M | $324K | — | View 990 |
| 2018 | $1.8M | $9.1M | $6.6M | $837K | — | View 990 |
| 2017 | $17.1M | $9.3M | $15.0M | $1.0M | — | View 990 |
| 2016 | $5.7M | $9.9M | $6.2M | $974K | — | View 990 |
| 2015 | $14.9M | $23.9M | $10.8M | $1.4M | — | View 990 |
| 2014 | $9.2M | $11.2M | $25.9M | $1.5M | — | View 990 |
| 2013 | $13.3M | $9.7M | $27.8M | $1.5M | — | View 990 |
| 2012 | $9.7M | $11.3M | $19.2M | $1.7M | — | View 990 |
| 2011 | $7.2M | $8.4M | $24.0M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $2.2M, expenses of $4.1M, and assets of $777K (revenue -52.1% year-over-year).
- 2021: Revenue of $4.5M, expenses of $4.8M, and assets of $3.6M (revenue +20.3% year-over-year).
- 2020: Revenue of $3.7M, expenses of $3.4M, and assets of $3.3M (revenue -36.9% year-over-year).
- 2019: Revenue of $5.9M, expenses of $5.3M, and assets of $3.0M (revenue +228.9% year-over-year).
- 2018: Revenue of $1.8M, expenses of $9.1M, and assets of $6.6M (revenue -89.4% year-over-year).
- 2017: Revenue of $17.1M, expenses of $9.3M, and assets of $15.0M (revenue +200.3% year-over-year).
- 2016: Revenue of $5.7M, expenses of $9.9M, and assets of $6.2M (revenue -61.8% year-over-year).
- 2015: Revenue of $14.9M, expenses of $23.9M, and assets of $10.8M (revenue +61.5% year-over-year).
- 2014: Revenue of $9.2M, expenses of $11.2M, and assets of $25.9M (revenue -30.8% year-over-year).
- 2013: Revenue of $13.3M, expenses of $9.7M, and assets of $27.8M (revenue +38.0% year-over-year).
- 2012: Revenue of $9.7M, expenses of $11.3M, and assets of $19.2M (revenue +33.4% year-over-year).
- 2011: Revenue of $7.2M, expenses of $8.4M, and assets of $24.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kuali Foundation Inc:
Data Sources and Methodology
This transparency report for Kuali 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.