Neels Family Foundation Inc
Neels Family Foundation maintains substantial assets with zero reported officer compensation amidst fluctuating revenues.
EIN: 203280615 · Carmel, IN · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $574K |
| Total Expenses | $247K |
| Program Spending | 90% |
| Net Assets | $4.8M |
| Transparency Score | 85/100 |
Is Neels Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Neels Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Neels Family Foundation Inc
Neels Family Foundation Inc (EIN: 203280615) is a nonprofit organization based in Carmel, IN, classified under NTEE code T20. The organization reported total revenue of $574K and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Neels Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Neels Family Foundation Inc is a small nonprofit that has been operating for 20 years, with 10 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 | $205K |
| Total Expenses | $247K |
| Surplus / Deficit | $-41,428 |
| Total Assets | $4.8M |
| Total Liabilities | $1 |
| Net Assets | $4.8M |
| Operating Margin | -20.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 231.7 months |
Financial Health Grade: B
In 2023, Neels Family Foundation Inc reported a deficit of $41K with expenses exceeding revenue, holds 231.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Neels Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -92.4% | +14.3% | -1.0% |
| 2022 | +276.7% | -2.3% | +72.1% |
| 2021 | +735.9% | +17.2% | +0.7% |
| 2020 | -87.0% | +6.5% | -3.7% |
| 2019 | +1072.5% | -1.0% | +6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Neels Family Foundation Inc 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Neels Family Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $41K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through mechanisms not classified as officer compensation, which is a strong 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 Neels Family Foundation Inc's IRS 990 filings:
- Highly fluctuating revenue streams, potentially indicating reliance on a few large donors or investment performance rather than diversified income.
Strengths
The following positive indicators were identified for Neels Family Foundation Inc:
- Consistent zero reported officer compensation, indicating high efficiency in leadership costs.
- Substantial asset base relative to annual expenses, providing strong financial stability (e.g., $4,767,125 assets vs. $246,865 expenses in 2023).
- Low liabilities across all reported periods ($1), indicating sound financial management.
Frequently Asked Questions about Neels Family Foundation Inc
Is Neels Family Foundation Inc a legitimate charity?
Neels Family Foundation Inc (EIN: 203280615) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $574K. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Neels Family Foundation Inc spend its money?
Neels Family Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Neels Family Foundation Inc tax-deductible?
Neels Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203280615). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Neels Family Foundation Inc's spending goes to programs?
Neels Family Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Neels Family Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Neels Family Foundation Inc 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 Neels Family Foundation Inc located?
Neels Family Foundation Inc is headquartered in Carmel, Indiana and files with the IRS under EIN 203280615. It is classified under NTEE code T20.
How many years of IRS 990 filings does Neels Family Foundation Inc have?
Neels Family Foundation Inc 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 $574K in total revenue.
Is Neels Family Foundation Inc. financially stable?
Yes, the foundation appears financially stable, consistently holding significant assets (e.g., $4,767,125 in 2023) far exceeding its annual expenses (e.g., $246,865 in 2023).
How does the Neels Family Foundation Inc. manage executive compensation?
The Neels Family Foundation Inc. reports 0% officer compensation across all available filings, suggesting a highly efficient approach to leadership costs.
What is the trend in the foundation's revenue?
The foundation's revenue has been highly variable, ranging from $56,506 in 2015 to $2,719,394 in 2022, indicating a reliance on irregular or large contributions rather than consistent income streams.
Filing History
IRS 990 filing history for Neels Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Neels Family Foundation Inc's revenue has grown by 149.2%, moving from $82K to $205K. Total assets increased by 105.1% over the same period, from $2.3M to $4.8M. Total functional expenses rose by 97.3%, from $125K to $247K. In its most recent filing year (2023), Neels Family Foundation Inc reported a deficit of $41K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $205K | $247K | $4.8M | $1 | — | View 990 |
| 2022 | $2.7M | $216K | $4.8M | $1 | — | View 990 |
| 2021 | $722K | $221K | $2.8M | $1 | — | View 990 |
| 2020 | $86K | $189K | $2.8M | $1 | — | View 990 |
| 2019 | $663K | $177K | $2.9M | $1 | — | — |
| 2015 | $57K | $179K | $2.7M | $1 | — | View 990 |
| 2014 | $409K | $151K | $2.8M | $1 | — | View 990 |
| 2013 | $373K | $137K | $2.6M | $1 | — | View 990 |
| 2012 | $149K | $141K | $2.3M | $1 | — | View 990 |
| 2011 | $82K | $125K | $2.3M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $205K, expenses of $247K, and assets of $4.8M (revenue -92.4% year-over-year).
- 2022: Revenue of $2.7M, expenses of $216K, and assets of $4.8M (revenue +276.7% year-over-year).
- 2021: Revenue of $722K, expenses of $221K, and assets of $2.8M (revenue +735.9% year-over-year).
- 2020: Revenue of $86K, expenses of $189K, and assets of $2.8M (revenue -87.0% year-over-year).
- 2019: Revenue of $663K, expenses of $177K, and assets of $2.9M (revenue +1072.5% year-over-year).
- 2015: Revenue of $57K, expenses of $179K, and assets of $2.7M (revenue -86.2% year-over-year).
- 2014: Revenue of $409K, expenses of $151K, and assets of $2.8M (revenue +9.6% year-over-year).
- 2013: Revenue of $373K, expenses of $137K, and assets of $2.6M (revenue +151.2% year-over-year).
- 2012: Revenue of $149K, expenses of $141K, and assets of $2.3M (revenue +80.2% year-over-year).
- 2011: Revenue of $82K, expenses of $125K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Neels Family Foundation Inc:
Data Sources and Methodology
This transparency report for Neels Family Foundation Inc 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.