Leonard And Esther Nowak Charitable Foundation
Leonard And Esther Nowak Charitable Foundation experiences significant asset decline amid fluctuating revenues and consistent net losses.
EIN: 206261070 · Omaha, NE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $93K |
| Total Expenses | $128K |
| Program Spending | 85% |
| Net Assets | $618K |
| Transparency Score | 65/100 |
Is Leonard And Esther Nowak Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Leonard And Esther Nowak Charitable Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Leonard And Esther Nowak Charitable Foundation
Leonard And Esther Nowak Charitable Foundation (EIN: 206261070) is a nonprofit organization based in Omaha, NE, classified under NTEE code T20. The organization reported total revenue of $93K and total assets of $582K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leonard And Esther Nowak Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Leonard And Esther Nowak Charitable Foundation is a micro nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $54K |
| Total Expenses | $128K |
| Surplus / Deficit | $-74,084 |
| Total Assets | $618K |
| Total Liabilities | $1 |
| Net Assets | $618K |
| Operating Margin | -137.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 57.9 months |
Financial Health Grade: B
In 2023, Leonard And Esther Nowak Charitable Foundation reported a deficit of $74K with expenses exceeding revenue, holds 57.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.3% | -48.4% | -69.6% |
| 2022 | -72.4% | +32.0% | -8.1% |
| 2021 | -34.1% | +27.1% | +2.8% |
| 2020 | -5.2% | +4.3% | +11.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Leonard And Esther Nowak Charitable Foundation with a Mission Score of 65 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: 85%
- fundraising: 5%
According to IRS 990 filings, Leonard And Esther Nowak Charitable Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $74K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is a positive sign for donor confidence and resource allocation.
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 Leonard And Esther Nowak Charitable Foundation's IRS 990 filings:
- Significant decline in assets from $2.2M in 2021 to $617K in 2023.
- Expenses consistently exceeding revenue in multiple recent periods (e.g., 2023, 2022), leading to net losses.
- Negative revenue reported in 2015 and 2011, indicating potential investment losses or significant returns/adjustments.
Strengths
The following positive indicators were identified for Leonard And Esther Nowak Charitable Foundation:
- Consistent reporting of 0% officer compensation, indicating no executive salaries.
- Minimal liabilities ($1) across all reported periods, suggesting sound debt management.
- History of substantial assets, even with recent declines, indicating a solid financial base at one point.
Frequently Asked Questions about Leonard And Esther Nowak Charitable Foundation
Is Leonard And Esther Nowak Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Leonard And Esther Nowak Charitable Foundation (EIN: 206261070) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Leonard And Esther Nowak Charitable Foundation spend its money?
Leonard And Esther Nowak Charitable Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Leonard And Esther Nowak Charitable Foundation tax-deductible?
Leonard And Esther Nowak Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 206261070). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Leonard And Esther Nowak Charitable Foundation's spending goes to programs?
Leonard And Esther Nowak Charitable Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Leonard And Esther Nowak Charitable Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Leonard And Esther Nowak Charitable Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Leonard And Esther Nowak Charitable Foundation located?
Leonard And Esther Nowak Charitable Foundation is headquartered in Omaha, Nebraska and files with the IRS under EIN 206261070. It is classified under NTEE code T20.
How many years of IRS 990 filings does Leonard And Esther Nowak Charitable Foundation have?
Leonard And Esther Nowak Charitable Foundation 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 $93K in total revenue.
Why have the assets decreased so dramatically from $2,208,483 in 2021 to $617,632 in 2023?
The provided data does not specify the reasons for this significant asset reduction, but it could be due to substantial grantmaking, investment losses, or other expenditures not covered by revenue.
What is the primary cause of the consistent net losses in recent years (e.g., 2023, 2022)?
The net losses are primarily due to expenses exceeding revenue. For example, in 2023, expenses were $127,967 while revenue was only $53,883.
How does the foundation ensure its long-term financial sustainability given the recent trends?
The provided data does not offer insights into the foundation's strategies for long-term sustainability, especially with declining assets and recurring net losses. This would require reviewing their investment strategies and fundraising plans.
Filing History
IRS 990 filing history for Leonard And Esther Nowak Charitable Foundation showing financial trends over 10 years of public records:
Total assets decreased by 36.6% over the same period, from $974K to $618K. Total functional expenses rose by 126.7%, from $56K to $128K. In its most recent filing year (2023), Leonard And Esther Nowak Charitable Foundation reported a deficit of $74K, with expenses exceeding revenue. The organization holds $1 in liabilities against $618K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $618K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $54K | $128K | $618K | $1 | — | — |
| 2022 | $68K | $248K | $2.0M | $1 | — | View 990 |
| 2021 | $248K | $188K | $2.2M | $1 | — | — |
| 2020 | $376K | $148K | $2.1M | $1 | — | View 990 |
| 2019 | $397K | $142K | $1.9M | $1 | — | — |
| 2015 | $-110,961 | $88K | $1.1M | $1 | — | View 990 |
| 2014 | $29K | $68K | $1.3M | $1 | — | View 990 |
| 2013 | $163K | $55K | $1.3M | $1 | — | View 990 |
| 2012 | $13K | $59K | $929K | $1 | — | View 990 |
| 2011 | $-3,010 | $56K | $974K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $54K, expenses of $128K, and assets of $618K (revenue -21.3% year-over-year).
- 2022: Revenue of $68K, expenses of $248K, and assets of $2.0M (revenue -72.4% year-over-year).
- 2021: Revenue of $248K, expenses of $188K, and assets of $2.2M (revenue -34.1% year-over-year).
- 2020: Revenue of $376K, expenses of $148K, and assets of $2.1M (revenue -5.2% year-over-year).
- 2019: Revenue of $397K, expenses of $142K, and assets of $1.9M.
- 2015: Revenue of $-110,961, expenses of $88K, and assets of $1.1M (revenue -488.4% year-over-year).
- 2014: Revenue of $29K, expenses of $68K, and assets of $1.3M (revenue -82.4% year-over-year).
- 2013: Revenue of $163K, expenses of $55K, and assets of $1.3M (revenue +1138.9% year-over-year).
- 2012: Revenue of $13K, expenses of $59K, and assets of $929K.
- 2011: Revenue of $-3,010, expenses of $56K, and assets of $974K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Leonard And Esther Nowak Charitable Foundation:
Data Sources and Methodology
This transparency report for Leonard And Esther Nowak Charitable 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.