Mundt Foundation
Mundt Foundation maintains strong asset base with zero executive compensation amidst fluctuating revenue.
EIN: 161685856 · Geneva, NE · NTEE: T22 · Updated: 2026-03-28
Is Mundt Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mundt Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mundt Foundation
Mundt Foundation (EIN: 161685856) is a nonprofit organization based in Geneva, NE, classified under NTEE code T22. The organization reported total revenue of $957K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mundt Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mundt Foundation with a Mission Score of 92 out of 100 (Excellent). 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, Mundt 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.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the foundation, which is highly commendable for an organization of its size with assets over $1.5 million.
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 Mundt Foundation's IRS 990 filings:
- Significant revenue volatility, including negative revenue in 2015, which could indicate reliance on unpredictable investment returns or large, infrequent donations.
Strengths
The following positive indicators were identified for Mundt Foundation:
- Consistent 0% officer compensation, demonstrating exceptional efficiency and dedication to mission.
- Strong asset base relative to liabilities, indicating robust financial health and solvency (e.g., $1,464,169 assets vs. $1 liabilities in 2023).
- Low administrative overhead due to lack of executive salaries.
- Positive net assets growth over recent years (e.g., from $1,087,964 in 2019 to $1,464,169 in 2023).
Frequently Asked Questions about Mundt Foundation
Is Mundt Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mundt Foundation (EIN: 161685856) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Mundt Foundation spend its money?
Mundt Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mundt Foundation tax-deductible?
Mundt Foundation is registered as a tax-exempt nonprofit (EIN: 161685856). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Mundt Foundation a good charity?
Based on the available IRS 990 data, the Mundt Foundation appears to be a very good charity. It maintains a strong asset base ($1,554,775 latest assets), has virtually no liabilities, and consistently reports 0% officer compensation, indicating a highly efficient use of funds with minimal administrative overhead.
What caused the significant revenue fluctuation, particularly the negative revenue in 2015?
The IRS 990 data shows a revenue of $-50,019 in 2015, following a peak of $6,157,066 in 2014. This significant fluctuation, including negative revenue, often indicates substantial investment losses or the return of a large grant/contribution in that specific year. Without more detailed schedules from the 990, the exact cause cannot be definitively determined.
How does the foundation manage its operations without officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation's operations are likely managed by volunteers, board members who do not receive compensation, or through contracted services that are not classified as officer compensation. This approach significantly reduces administrative costs.
Filing History
IRS 990 filing history for Mundt Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mundt Foundation's revenue has grown by 25901300%, moving from $1 to $259K. Total assets increased by 146416800% over the same period, from $1 to $1.5M. In its most recent filing year (2023), Mundt Foundation reported a surplus of $128K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $259K | $131K | $1.5M | $1 | — | View 990 |
| 2022 | $82K | $123K | $1.3M | $1 | — | View 990 |
| 2021 | $296K | $88K | $1.4M | $1 | — | View 990 |
| 2020 | $131K | $50K | $1.2M | $1 | — | View 990 |
| 2019 | $49K | $50K | $1.1M | $1 | — | View 990 |
| 2015 | $-50,019 | $739K | $4.9M | $1 | — | View 990 |
| 2014 | $6.2M | $496K | $5.7M | $0 | — | View 990 |
| 2013 | $1 | $0 | $1 | $0 | — | View 990 |
| 2012 | $1 | $0 | $1 | $0 | — | View 990 |
| 2011 | $1 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $259K, expenses of $131K, and assets of $1.5M (revenue +215.6% year-over-year).
- 2022: Revenue of $82K, expenses of $123K, and assets of $1.3M (revenue -72.3% year-over-year).
- 2021: Revenue of $296K, expenses of $88K, and assets of $1.4M (revenue +125.8% year-over-year).
- 2020: Revenue of $131K, expenses of $50K, and assets of $1.2M (revenue +169.0% year-over-year).
- 2019: Revenue of $49K, expenses of $50K, and assets of $1.1M.
- 2015: Revenue of $-50,019, expenses of $739K, and assets of $4.9M (revenue -100.8% year-over-year).
- 2014: Revenue of $6.2M, expenses of $496K, and assets of $5.7M (revenue +615706500.0% year-over-year).
- 2013: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2012: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2011: Revenue of $1, expenses of $0, and assets of $1.
Data Sources and Methodology
This transparency report for Mundt 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.