Nichelson Family Foundation
Nichelson Family Foundation operates with minimal revenue and fluctuating assets, consistently reporting no officer compensation.
EIN: 205338382 · Lincoln, NE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $96 |
| Total Expenses | $2K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $8K |
| Transparency Score | 75/100 |
Is Nichelson Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nichelson Family Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Nichelson Family Foundation
Nichelson Family Foundation (EIN: 205338382) is a nonprofit organization based in Lincoln, NE, classified under NTEE code T22. The organization reported total revenue of $96 and total assets of $5K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nichelson Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nichelson Family Foundation is a micro nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $336 |
| Total Expenses | $2K |
| Surplus / Deficit | $-1,314 |
| Total Assets | $8K |
| Total Liabilities | $1 |
| Net Assets | $8K |
| Operating Margin | -391.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 60.7 months |
Financial Health Grade: B
In 2023, Nichelson Family Foundation reported a deficit of $1K with expenses exceeding revenue, holds 60.7 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), Nichelson Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 14.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -95.5% | -29.8% | -38.0% |
| 2022 | +74830.0% | +11.9% | +62.0% |
| 2021 | -54.5% | -69.0% | -20.1% |
| 2020 | -99.6% | +26.1% | -39.4% |
| 2019 | -37.0% | -35.3% | +24.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Nichelson Family Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Nichelson Family Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, which is excellent for a foundation of this size and indicates that no salaries are being drawn from the organization's limited funds.
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 Nichelson Family Foundation's IRS 990 filings:
- Inconsistent and often very low revenue (e.g., $10 in 2021, $96 latest).
- Expenses frequently exceed revenue, indicating reliance on asset depletion (e.g., 2023: $336 revenue, $1,650 expenses).
- Significant decline in assets from peak ($17,138 in 2019 to $5,136 currently).
Strengths
The following positive indicators were identified for Nichelson Family Foundation:
- Consistent reporting of $0 officer compensation across all filings.
- Very low liabilities ($1 or $0) indicating no significant debt burden.
- Long filing history (10 filings) suggests ongoing compliance.
Frequently Asked Questions about Nichelson Family Foundation
Is Nichelson Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Nichelson Family Foundation (EIN: 205338382) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Nichelson Family Foundation spend its money?
Nichelson Family Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nichelson Family Foundation tax-deductible?
Nichelson Family Foundation is registered as a tax-exempt nonprofit (EIN: 205338382). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Nichelson Family Foundation CEO make?
Nichelson Family Foundation's highest-compensated officer earns $0 annually. The organization reported $96 in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Nichelson Family Foundation's spending goes to programs?
Nichelson Family Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Nichelson Family Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Nichelson Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nichelson Family Foundation located?
Nichelson Family Foundation is headquartered in Lincoln, Nebraska and files with the IRS under EIN 205338382. It is classified under NTEE code T22.
How many years of IRS 990 filings does Nichelson Family Foundation have?
Nichelson Family Foundation 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 $96 in total revenue.
What is the specific grantmaking focus of the Nichelson Family Foundation?
The NTEE code T22 indicates 'Private Grantmaking Foundations,' but specific details on the types of organizations or causes it supports are not available in the provided financial data.
How does the foundation cover its expenses when revenue is significantly lower, such as in 2023 ($336 revenue vs. $1,650 expenses)?
The foundation likely covers these deficits by drawing from its existing asset base, which has fluctuated over time, or through contributions not categorized as 'revenue' in the provided summary.
Why has the foundation's asset base declined from $17,138 in 2019 to $5,136 currently?
The decline in assets is likely due to expenses consistently exceeding revenue in several periods (e.g., 2023, 2021, 2020, 2019, 2015, 2013, 2011) without sufficient new contributions to replenish the fund.
Filing History
IRS 990 filing history for Nichelson Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Nichelson Family Foundation's revenue has grown by 416.9%, moving from $65 to $336. Total assets decreased by 21.8% over the same period, from $11K to $8K. Total functional expenses fell by 62.3%, from $4K to $2K. In its most recent filing year (2023), Nichelson Family Foundation reported a deficit of $1K, with expenses exceeding revenue. The organization holds $1 in liabilities against $8K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $336 | $2K | $8K | $1 | — | — |
| 2022 | $7K | $2K | $13K | $1 | — | View 990 |
| 2021 | $10 | $2K | $8K | $1 | — | — |
| 2020 | $22 | $7K | $10K | $1 | — | — |
| 2019 | $5K | $5K | $17K | $1 | — | View 990 |
| 2015 | $8K | $8K | $14K | $1 | — | View 990 |
| 2014 | $8K | $3K | $14K | $1 | — | View 990 |
| 2013 | $22 | $2K | $9K | $1 | — | View 990 |
| 2012 | $3K | $2K | $12K | $1 | — | View 990 |
| 2011 | $65 | $4K | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $336, expenses of $2K, and assets of $8K (revenue -95.5% year-over-year).
- 2022: Revenue of $7K, expenses of $2K, and assets of $13K (revenue +74830.0% year-over-year).
- 2021: Revenue of $10, expenses of $2K, and assets of $8K (revenue -54.5% year-over-year).
- 2020: Revenue of $22, expenses of $7K, and assets of $10K (revenue -99.6% year-over-year).
- 2019: Revenue of $5K, expenses of $5K, and assets of $17K (revenue -37.0% year-over-year).
- 2015: Revenue of $8K, expenses of $8K, and assets of $14K (revenue +0.1% year-over-year).
- 2014: Revenue of $8K, expenses of $3K, and assets of $14K (revenue +36354.5% year-over-year).
- 2013: Revenue of $22, expenses of $2K, and assets of $9K (revenue -99.3% year-over-year).
- 2012: Revenue of $3K, expenses of $2K, and assets of $12K (revenue +4555.4% year-over-year).
- 2011: Revenue of $65, expenses of $4K, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nichelson Family Foundation:
Data Sources and Methodology
This transparency report for Nichelson Family 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.