Nicholas Martini Foundation
Nicholas Martini Foundation: Declining Revenue, Stable Assets, and High Administrative Costs
EIN: 222756049 · Newark, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.2M |
| Program Spending | 20% |
| Net Assets | $11.3M |
| Transparency Score | 65/100 |
Is Nicholas Martini Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nicholas Martini Foundation directs 20% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Nicholas Martini Foundation
Nicholas Martini Foundation (EIN: 222756049) is a nonprofit organization based in Newark, NJ. The organization reported total revenue of $1.9M and total assets of $10.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nicholas Martini Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nicholas Martini Foundation is a mid-size nonprofit that has been operating for 40 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $214K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-1,000,062 |
| Total Assets | $11.3M |
| Total Liabilities | $30K |
| Net Assets | $11.3M |
| Operating Margin | -466.5% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 111.8 months |
Financial Health Grade: B
In 2023, Nicholas Martini Foundation reported a deficit of $1.0M with expenses exceeding revenue, holds 111.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Nicholas Martini Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +48.2% | +75.5% | -7.9% |
| 2022 | -86.6% | -55.1% | -4.3% |
| 2021 | -44.5% | +48.5% | -3.6% |
| 2020 | +83.4% | -16.9% | +7.6% |
| 2019 | +23.5% | +82.3% | -6.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Nicholas Martini Foundation with a Mission Score of 65 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: 60%
- programs: 20%
- fundraising: 20%
According to IRS 990 filings, Nicholas Martini Foundation allocates its expenses as follows: admin: 60%, programs: 20%, fundraising: 20%. Only 20% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, as 'c0%' likely indicates no reported compensation for key employees, which warrants further investigation.
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 Nicholas Martini Foundation's IRS 990 filings:
- Significant and consistent decline in revenue over recent years, from $1,950,292 in 2020 to $185,543.70 in 2023.
- High proportion of expenses allocated to administration, with $1,214,441 in administrative costs in 2023 compared to total expenses of $1,214,441.
- Lack of clear program spending details, as administrative expenses appear to consume the entirety of reported expenses in some years.
- The 'c0%' for compensation across all years suggests either no paid employees or a lack of transparency in reporting executive compensation.
Strengths
The following positive indicators were identified for Nicholas Martini Foundation:
- Maintains a substantial asset base, with $10,839,012 in 2023, providing long-term financial stability.
- Historically consistent asset levels, generally above $10 million, indicating sound financial management of its endowment.
- Low liabilities reported in most years, suggesting a healthy balance sheet.
Frequently Asked Questions about Nicholas Martini Foundation
Is Nicholas Martini Foundation a legitimate charity?
Nicholas Martini Foundation (EIN: 222756049) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.9M. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Nicholas Martini Foundation spend its money?
Nicholas Martini Foundation directs 20% of its spending to programs and services. Fundraising costs 20%. This falls below the 65% benchmark.
Are donations to Nicholas Martini Foundation tax-deductible?
Nicholas Martini Foundation is registered as a tax-exempt nonprofit (EIN: 222756049). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Nicholas Martini Foundation's spending goes to programs?
Nicholas Martini Foundation directs 20% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Nicholas Martini Foundation located?
Nicholas Martini Foundation is headquartered in Newark, New Jersey and files with the IRS under EIN 222756049.
How many years of IRS 990 filings does Nicholas Martini Foundation have?
Nicholas Martini 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 $1.9M in total revenue.
What does Nicholas Martini Foundation do?
Nicholas Martini Foundation is a nonprofit organization in the Unknown sector, located in Newark, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Nicholas Martini Foundation have?
Nicholas Martini Foundation reported total revenue of $1,855,437. Based on 10 IRS 990 filings on record.
What are Nicholas Martini Foundation's total assets?
Nicholas Martini Foundation holds total assets of $10,839,012 as reported in IRS 990 filings.
Where is Nicholas Martini Foundation located?
Nicholas Martini Foundation is based in Newark, New Jersey.
What is Nicholas Martini Foundation's EIN?
Nicholas Martini Foundation's Employer Identification Number (EIN) is 222756049. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Nicholas Martini Foundation?
Nicholas Martini Foundation is classified under NTEE code Unknown (Unknown).
Is Nicholas Martini Foundation a registered 501(c)(3)?
Nicholas Martini Foundation appears in IRS records (EIN: 222756049). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Nicholas Martini Foundation file IRS Form 990?
Yes, Nicholas Martini Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Nicholas Martini Foundation's revenue in 2023?
In the 202312 filing period, Nicholas Martini Foundation reported total revenue of $214,379, total expenses of $1,214,441, and net assets of $11,318,282.
Is Nicholas Martini Foundation's revenue growing or declining?
Nicholas Martini Foundation's revenue is growing. Revenue went from $144,681 (202212) to $214,379 (202312), a +48.2% change. Based on 10 filings on record.
What is Nicholas Martini Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Nicholas Martini Foundation covers tax period 202312. It shows revenue of $214,379, expenses of $1,214,441, total assets of $11,318,282, and liabilities of $29,708.
How much does Nicholas Martini Foundation spend on programs vs administration?
Based on IRS 990 analysis, Nicholas Martini Foundation allocates approximately 20% of expenses to program services, 60% to administrative costs, and 20% to fundraising. Overhead costs appear high relative to program spending.
Is Nicholas Martini Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Nicholas Martini Foundation shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 3 strengths noted.
What are the red flags for Nicholas Martini Foundation?
The following concerns were identified: Significant and consistent decline in revenue over recent years, from $1,950,292 in 2020 to $185,543.70 in 2023.. High proportion of expenses allocated to administration, with $1,214,441 in administrative costs in 2023 compared to total expenses of $1,214,441.. Lack of clear program spending details, as administrative expenses appear to consume the entirety of reported expenses in some years.. The 'c0%' for compensation across all years suggests either no paid employees or a lack of transparency in reporting executive compensation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Nicholas Martini Foundation's strengths?
Positive indicators for Nicholas Martini Foundation include: Maintains a substantial asset base, with $10,839,012 in 2023, providing long-term financial stability.. Historically consistent asset levels, generally above $10 million, indicating sound financial management of its endowment.. Low liabilities reported in most years, suggesting a healthy balance sheet.. These findings are derived from AI analysis of the organization's financial filings.
How does Nicholas Martini Foundation compensate executives?
Executive compensation is not explicitly detailed in the provided data, as 'c0%' likely indicates no reported compensation for key employees, which warrants further investigation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Nicholas Martini Foundation?
• The foundation's revenue has seen a significant decline from $1,950,292 in 2020 to $185,543.70 in 2023. • Administrative expenses consistently represent a large portion of total expenses, reaching $1,214,441 in 2023. • The foundation maintains substantial assets, with $10,839,012 reported in 2023, despite fluctuating revenues. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the substantial administrative expenses ($1,214,441 in 2023) and declining revenue ($185,543.70 in 2023), how does the foundation sustain its operations and what specific activities are categorized under 'administrative'?
The foundation likely sustains operations by drawing from its significant asset base ($10,839,012 in 2023). The high administrative costs relative to revenue suggest that a large portion of its endowment is being used to cover overhead, rather than being directly funded by annual contributions. Further breakdown of administrative activities is needed to understand the nature of these expenditures.
What is the strategic plan for addressing the consistent decline in revenue, and how does this impact the foundation's ability to fulfill its mission?
The provided data does not detail a strategic plan for revenue generation. The continuous decline in revenue, from $1,950,292 in 2020 to $185,543.70 in 2023, significantly limits the funds available for direct programmatic activities, potentially hindering the foundation's mission fulfillment if it relies solely on annual contributions rather than endowment distributions for program funding.
Filing History
IRS 990 filing history for Nicholas Martini Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Nicholas Martini Foundation's revenue has declined by 16.5%, moving from $257K to $214K. Total assets decreased by 4.7% over the same period, from $11.9M to $11.3M. Total functional expenses rose by 95.8%, from $620K to $1.2M. In its most recent filing year (2023), Nicholas Martini Foundation reported a deficit of $1.0M, with expenses exceeding revenue. The organization holds $30K in liabilities against $11.3M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $11.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $214K | $1.2M | $11.3M | $30K | — | — |
| 2022 | $145K | $692K | $12.3M | $1K | — | View 990 |
| 2021 | $1.1M | $1.5M | $12.8M | $9K | — | View 990 |
| 2020 | $2.0M | $1.0M | $13.3M | $25K | — | View 990 |
| 2019 | $1.1M | $1.2M | $12.4M | $1 | — | — |
| 2015 | $861K | $686K | $13.3M | $0 | — | View 990 |
| 2014 | $1.6M | $734K | $13.1M | $0 | — | View 990 |
| 2013 | $958K | $569K | $12.3M | $33K | — | View 990 |
| 2012 | $719K | $702K | $11.9M | $18K | — | View 990 |
| 2011 | $257K | $620K | $11.9M | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $214K, expenses of $1.2M, and assets of $11.3M (revenue +48.2% year-over-year).
- 2022: Revenue of $145K, expenses of $692K, and assets of $12.3M (revenue -86.6% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.5M, and assets of $12.8M (revenue -44.5% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.0M, and assets of $13.3M (revenue +83.4% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.2M, and assets of $12.4M (revenue +23.5% year-over-year).
- 2015: Revenue of $861K, expenses of $686K, and assets of $13.3M (revenue -44.6% year-over-year).
- 2014: Revenue of $1.6M, expenses of $734K, and assets of $13.1M (revenue +62.3% year-over-year).
- 2013: Revenue of $958K, expenses of $569K, and assets of $12.3M (revenue +33.3% year-over-year).
- 2012: Revenue of $719K, expenses of $702K, and assets of $11.9M (revenue +179.8% year-over-year).
- 2011: Revenue of $257K, expenses of $620K, and assets of $11.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nicholas Martini Foundation:
Data Sources and Methodology
This transparency report for Nicholas Martini 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.