Nec Foundation Of Americas
Nec Foundation Of Americas maintains substantial assets despite volatile revenue and no reported officer compensation.
EIN: 113059554 · Irving, TX · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $723K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $12 |
| Net Assets | $10.6M |
| Transparency Score | 85/100 |
Is Nec Foundation Of Americas Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nec Foundation Of Americas directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nec Foundation Of Americas
Nec Foundation Of Americas (EIN: 113059554) is a nonprofit organization based in Irving, TX. The organization reported total revenue of $1.1M and total assets of $12.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nec Foundation Of Americas's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nec Foundation Of Americas is a mid-size nonprofit that has been operating for 35 years, with 9 years of IRS 990 filings on record (2012–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -106.4% | +3.9% | -9.7% |
| 2022 | +117.1% | +50.5% | -3.4% |
| 2020 | -125.7% | +25.8% | -11.3% |
| 2019 | +2.4% | -11.2% | -1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Nec Foundation Of Americas with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Nec Foundation Of Americas 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 (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 5.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting either a volunteer-led organization or that compensation is structured in a way not captured under 'officer compensation' on the 990, which is highly favorable for a nonprofit of its size with over $12 million in assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Nec Foundation Of Americas's IRS 990 filings:
- Significant negative revenue reported in two of the last five periods ($-110,340 in 2023, $-194,895 in 2020), indicating potential financial instability or significant investment losses.
- NTEE code is unknown, which can make it difficult to benchmark against similar organizations and understand its specific programmatic focus.
Strengths
The following positive indicators were identified for Nec Foundation Of Americas:
- Consistent reporting of 0% officer compensation, indicating strong financial stewardship and potential volunteer leadership.
- Substantial asset base, with assets consistently over $10 million, providing financial stability and capacity.
- Relatively low liabilities compared to assets, demonstrating good financial management and solvency.
Frequently Asked Questions about Nec Foundation Of Americas
Is Nec Foundation Of Americas a legitimate charity?
Nec Foundation Of Americas (EIN: 113059554) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $1.1M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Nec Foundation Of Americas spend its money?
Nec Foundation Of Americas directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Nec Foundation Of Americas tax-deductible?
Nec Foundation Of Americas is registered as a tax-exempt nonprofit (EIN: 113059554). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Nec Foundation Of Americas CEO make?
Nec Foundation Of Americas's highest-compensated officer earns $12 annually. The organization reported $1.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Nec Foundation Of Americas's spending goes to programs?
Nec Foundation Of Americas directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Nec Foundation Of Americas located?
Nec Foundation Of Americas is headquartered in Irving, Texas and files with the IRS under EIN 113059554.
How many years of IRS 990 filings does Nec Foundation Of Americas have?
Nec Foundation Of Americas has 9 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 $1.1M in total revenue.
Why did Nec Foundation Of Americas report negative revenue in 2023 and 2020?
The IRS 990 filings show negative revenue of $-110,340 in 2023 and $-194,895 in 2020. This could be due to significant investment losses, returns of contributions, or specific accounting adjustments. Further detail from the organization's financial statements would be needed to understand the exact cause.
How does Nec Foundation Of Americas sustain operations with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based, or that any compensation for key personnel is categorized differently (e.g., as program staff salaries) and not as officer compensation. This is an unusual but positive indicator for efficiency.
What is the primary source of Nec Foundation Of Americas' revenue given its volatility?
With revenue fluctuating significantly, including negative figures, it's difficult to pinpoint a consistent primary source without more detailed breakdowns from the 990. The volatility suggests reliance on potentially unstable sources like investments or large, infrequent grants rather than consistent public support.
Filing History
IRS 990 filing history for Nec Foundation Of Americas showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Nec Foundation Of Americas's revenue has declined by 118.9%, moving from $583K to $-110,340. Total assets increased by 25.4% over the same period, from $8.9M to $11.2M. Total functional expenses rose by 483.6%, from $124K to $723K. The organization holds $573K in liabilities against $11.2M in assets (debt-to-asset ratio: 5.1%), resulting in net assets of $10.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-110,340 | $723K | $11.2M | $573K | — | View 990 |
| 2022 | $1.7M | $696K | $12.3M | $434K | — | View 990 |
| 2021 | $789K | $463K | $12.8M | $357K | — | View 990 |
| 2020 | $-194,895 | $664K | $9.3M | $105K | — | View 990 |
| 2019 | $759K | $528K | $10.5M | $440K | — | View 990 |
| 2015 | $741K | $594K | $10.7M | $528K | — | View 990 |
| 2014 | $825K | $580K | $10.1M | $28K | — | View 990 |
| 2013 | $462K | $90K | $9.6M | $24K | — | View 990 |
| 2012 | $583K | $124K | $8.9M | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-110,340, expenses of $723K, and assets of $11.2M (revenue -106.4% year-over-year).
- 2022: Revenue of $1.7M, expenses of $696K, and assets of $12.3M (revenue +117.1% year-over-year).
- 2021: Revenue of $789K, expenses of $463K, and assets of $12.8M.
- 2020: Revenue of $-194,895, expenses of $664K, and assets of $9.3M (revenue -125.7% year-over-year).
- 2019: Revenue of $759K, expenses of $528K, and assets of $10.5M (revenue +2.4% year-over-year).
- 2015: Revenue of $741K, expenses of $594K, and assets of $10.7M (revenue -10.2% year-over-year).
- 2014: Revenue of $825K, expenses of $580K, and assets of $10.1M (revenue +78.4% year-over-year).
- 2013: Revenue of $462K, expenses of $90K, and assets of $9.6M (revenue -20.7% year-over-year).
- 2012: Revenue of $583K, expenses of $124K, and assets of $8.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nec Foundation Of Americas:
Data Sources and Methodology
This transparency report for Nec Foundation Of Americas 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.