Leonard L Richie & Evelyn Mae Richie Foundation
Leonard L Richie & Evelyn Mae Richie Foundation reports $0 revenue and assets in latest filing, indicating inactivity after prior inconsistent financial periods.
EIN: 200468016 · Las Vegas, NV · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $835K |
| Program Spending | 90% |
| Net Assets | $40K |
| Transparency Score | 40/100 |
Is Leonard L Richie & Evelyn Mae Richie Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Leonard L Richie & Evelyn Mae Richie Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Leonard L Richie & Evelyn Mae Richie Foundation
Leonard L Richie & Evelyn Mae Richie Foundation (EIN: 200468016) is a nonprofit organization based in Las Vegas, NV. 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 Leonard L Richie & Evelyn Mae Richie Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Leonard L Richie & Evelyn Mae Richie Foundation is a small nonprofit, with 3 years of IRS 990 filings on record (2012–2014). Revenue has grown at a compound annual rate of 120.6%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $758K |
| Total Expenses | $835K |
| Surplus / Deficit | $-76,928 |
| Total Assets | $40K |
| Total Liabilities | $1 |
| Net Assets | $40K |
| Operating Margin | -10.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 0.6 months |
Financial Health Grade: C
In 2014, Leonard L Richie & Evelyn Mae Richie Foundation reported a deficit of $77K with expenses exceeding revenue, holds 0.6 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 3 years of filings (2012–2014), Leonard L Richie & Evelyn Mae Richie Foundation's revenue has grown at a compound annual growth rate (CAGR) of 120.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2013 | -102.9% | +21.4% | -16.4% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Leonard L Richie & Evelyn Mae Richie Foundation with a Mission Score of 40 out of 100 (Fair). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Leonard L Richie & Evelyn Mae Richie Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $77K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, which is positive for 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 L Richie & Evelyn Mae Richie Foundation's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, indicating potential inactivity.
- Significant decline in assets from $140,424 in 2012 to $0 currently.
- Inconsistent financial performance across reported periods, including negative revenue in 2013.
Strengths
The following positive indicators were identified for Leonard L Richie & Evelyn Mae Richie Foundation:
- No officer compensation reported across all periods, suggesting efficient use of funds for leadership.
- Historically low liabilities ($1) across all reported periods.
Frequently Asked Questions about Leonard L Richie & Evelyn Mae Richie Foundation
Is Leonard L Richie & Evelyn Mae Richie Foundation a legitimate charity?
Leonard L Richie & Evelyn Mae Richie Foundation (EIN: 200468016) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 40/100. It has 3 years of IRS 990 filings on record. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Leonard L Richie & Evelyn Mae Richie Foundation spend its money?
Leonard L Richie & Evelyn Mae Richie Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Leonard L Richie & Evelyn Mae Richie Foundation tax-deductible?
Leonard L Richie & Evelyn Mae Richie Foundation is registered as a tax-exempt nonprofit (EIN: 200468016). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Leonard L Richie & Evelyn Mae Richie Foundation located?
Leonard L Richie & Evelyn Mae Richie Foundation is headquartered in Las Vegas, Nevada and files with the IRS under EIN 200468016.
How many years of IRS 990 filings does Leonard L Richie & Evelyn Mae Richie Foundation have?
Leonard L Richie & Evelyn Mae Richie Foundation has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is the Leonard L Richie & Evelyn Mae Richie Foundation still operational?
Based on the latest available data showing $0 revenue and $0 assets, it appears the foundation may no longer be actively operating or has significantly scaled down its activities.
What caused the significant decline in assets from $140,424 in 2012 to $0 currently?
The filings do not explicitly state the cause, but the substantial expenses in 2014 ($834,606) relative to revenue ($757,678) and the subsequent $0 assets suggest a depletion of funds, possibly for program distribution or winding down operations.
How did the foundation manage to have negative revenue in 2013 ($-4,570)?
Negative revenue typically indicates a return of funds, adjustments for prior period overstatements, or significant losses on investments exceeding income, though the specific reason is not detailed in the summary data.
Filing History
IRS 990 filing history for Leonard L Richie & Evelyn Mae Richie Foundation showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2012–2014), Leonard L Richie & Evelyn Mae Richie Foundation's revenue has grown by 386.8%, moving from $156K to $758K. Total assets decreased by 71.2% over the same period, from $140K to $40K. Total functional expenses rose by 5386.5%, from $15K to $835K. In its most recent filing year (2014), Leonard L Richie & Evelyn Mae Richie Foundation reported a deficit of $77K, with expenses exceeding revenue. The organization holds $1 in liabilities against $40K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $40K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $758K | $835K | $40K | $1 | — | View 990 |
| 2013 | $-4,570 | $18K | $117K | $1 | — | View 990 |
| 2012 | $156K | $15K | $140K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $758K, expenses of $835K, and assets of $40K.
- 2013: Revenue of $-4,570, expenses of $18K, and assets of $117K (revenue -102.9% year-over-year).
- 2012: Revenue of $156K, expenses of $15K, and assets of $140K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Leonard L Richie & Evelyn Mae Richie Foundation:
Data Sources and Methodology
This transparency report for Leonard L Richie & Evelyn Mae Richie 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.