Milestones Foundation
Milestones Foundation consistently reports zero expenses despite receiving revenue, raising questions about fund utilization.
EIN: 201026414 · Davenport, IA · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $96K |
| Net Assets | $826K |
| Transparency Score | 10/100 |
Is Milestones Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Milestones Foundation
Milestones Foundation (EIN: 201026414) is a nonprofit organization based in Davenport, IA, classified under NTEE code P80. The organization reported total revenue of $96K and total assets of $851K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Milestones Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Milestones Foundation is a micro nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $34K |
| Total Expenses | $0 |
| Surplus / Deficit | +$34K |
| Total Assets | $834K |
| Total Liabilities | $8K |
| Net Assets | $826K |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 0.9% |
Financial Health Grade: A
In 2023, Milestones Foundation reported a surplus of $34K with revenue exceeding expenses, has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Milestones Foundation's revenue has declined at a compound annual growth rate (CAGR) of -7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +158.4% | — | +4.3% |
| 2022 | -70.2% | — | +1.6% |
| 2021 | +50.2% | — | +6.0% |
| 2020 | -45.6% | -100.0% | +3.3% |
| 2019 | +3.0% | -10.5% | +7.2% |
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 Milestones Foundation with a Mission Score of 10 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Milestones Foundation allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
No officer compensation has been reported in any of the available filings, which is unusual for an organization with growing assets and consistent revenue, suggesting either an all-volunteer board or undisclosed compensation practices.
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 Milestones Foundation's IRS 990 filings:
- Consistent reporting of $0 expenses despite receiving revenue (e.g., $34,446 revenue in 2023 with $0 expenses).
- Lack of transparency regarding how funds are utilized given zero reported expenses.
- Significant asset accumulation without corresponding program expenditures.
- No reported officer compensation, which could indicate an all-volunteer board but also warrants further scrutiny for potential undisclosed benefits.
Strengths
The following positive indicators were identified for Milestones Foundation:
- Consistent revenue generation over the past decade.
- Steady growth in assets, indicating financial stability in terms of holdings (from $662,298 in 2014 to $850,535 currently).
Frequently Asked Questions about Milestones Foundation
Is Milestones Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Milestones Foundation (EIN: 201026414) significant concerns. Mission Score: 10/100. 4 red flags identified, 2 strengths noted.
How does Milestones Foundation spend its money?
Detailed spending breakdown data is not yet available for Milestones Foundation. Check back for updated IRS 990 analysis.
Are donations to Milestones Foundation tax-deductible?
Milestones Foundation is registered as a tax-exempt nonprofit (EIN: 201026414). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Milestones Foundation compare to similar nonprofits?
With a transparency score of 10/100 (Very Poor), Milestones Foundation is below average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Milestones Foundation located?
Milestones Foundation is headquartered in Davenport, Iowa and files with the IRS under EIN 201026414. It is classified under NTEE code P80.
How many years of IRS 990 filings does Milestones Foundation have?
Milestones Foundation has 13 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 $96K in total revenue.
How does Milestones Foundation operate with $0 reported expenses for multiple years?
The IRS 990 filings from 2020 to 2023 show revenues between $13,330 and $44,700, yet expenses are consistently reported as $0. This is highly unusual and suggests either significant underreporting of activities or that the organization primarily functions as an asset holder rather than an active program provider.
What programs or services does Milestones Foundation provide?
Given the consistent reporting of $0 expenses in recent years, it is unclear what specific programs or services Milestones Foundation is actively providing. The NTEE code P80 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests a grantmaking role, but without reported expenses, the nature and extent of any such activities are not transparent.
Why are assets increasing while expenses remain at zero?
Assets have steadily increased from $662,298 in 2014 to $850,535 currently, while expenses have been reported as $0 for most recent periods. This indicates that the organization is accumulating revenue as assets rather than expending it on charitable activities, which could be a strategy for long-term endowment building, but lacks transparency regarding immediate impact.
Is Milestones Foundation transparent about its financial operations?
The consistent reporting of $0 expenses makes it extremely difficult to assess the organization's financial operations and transparency. This lack of detailed expenditure information is a significant transparency concern, as it prevents stakeholders from understanding how funds are being used.
Filing History
IRS 990 filing history for Milestones Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Milestones Foundation's revenue has declined by 62.6%, moving from $92K to $34K. Total assets increased by 37.1% over the same period, from $608K to $834K. Total functional expenses fell by 100%, from $46K to $0. The organization holds $8K in liabilities against $834K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $826K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $34K | $0 | $834K | $8K | — | — |
| 2022 | $13K | $0 | $800K | $8K | — | View 990 |
| 2021 | $45K | $0 | $787K | $8K | — | — |
| 2020 | $30K | $0 | $742K | $8K | — | View 990 |
| 2019 | $55K | $6K | $718K | $14K | — | View 990 |
| 2018 | $53K | $7K | $670K | $14K | — | View 990 |
| 2017 | $54K | $22K | $680K | $71K | — | View 990 |
| 2016 | $45K | $5K | $696K | $120K | — | View 990 |
| 2015 | $61K | $0 | $688K | $151K | — | View 990 |
| 2014 | $61K | $0 | $662K | $187K | — | View 990 |
| 2013 | $96K | $37K | $635K | $221K | — | View 990 |
| 2012 | $96K | $42K | $619K | $263K | — | View 990 |
| 2011 | $92K | $46K | $608K | $306K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $34K, expenses of $0, and assets of $834K (revenue +158.4% year-over-year).
- 2022: Revenue of $13K, expenses of $0, and assets of $800K (revenue -70.2% year-over-year).
- 2021: Revenue of $45K, expenses of $0, and assets of $787K (revenue +50.2% year-over-year).
- 2020: Revenue of $30K, expenses of $0, and assets of $742K (revenue -45.6% year-over-year).
- 2019: Revenue of $55K, expenses of $6K, and assets of $718K (revenue +3.0% year-over-year).
- 2018: Revenue of $53K, expenses of $7K, and assets of $670K (revenue -1.9% year-over-year).
- 2017: Revenue of $54K, expenses of $22K, and assets of $680K (revenue +21.2% year-over-year).
- 2016: Revenue of $45K, expenses of $5K, and assets of $696K (revenue -27.0% year-over-year).
- 2015: Revenue of $61K, expenses of $0, and assets of $688K (revenue +1.0% year-over-year).
- 2014: Revenue of $61K, expenses of $0, and assets of $662K (revenue -36.8% year-over-year).
- 2013: Revenue of $96K, expenses of $37K, and assets of $635K (revenue +0.0% year-over-year).
- 2012: Revenue of $96K, expenses of $42K, and assets of $619K (revenue +4.3% year-over-year).
- 2011: Revenue of $92K, expenses of $46K, and assets of $608K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Milestones Foundation:
Data Sources and Methodology
This transparency report for Milestones 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.