Nichols Foundation Inc Co Morgan Lewis & Bockius Llp
Nichols Foundation Inc reports zero current financial activity after years of multi-million dollar assets and revenue.
EIN: 136400615 · Washington, DC · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $1.6M |
| Program Spending | 80% |
| Net Assets | $15.3M |
| Transparency Score | 75/100 |
Is Nichols Foundation Inc Co Morgan Lewis & Bockius Llp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nichols Foundation Inc Co Morgan Lewis & Bockius Llp directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nichols Foundation Inc Co Morgan Lewis & Bockius Llp
Nichols Foundation Inc Co Morgan Lewis & Bockius Llp (EIN: 136400615) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nichols Foundation Inc Co Morgan Lewis & Bockius Llp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nichols Foundation Inc Co Morgan Lewis & Bockius Llp is a mid-size nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 32.6%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$813K |
| Total Assets | $15.3M |
| Total Liabilities | $1 |
| Net Assets | $15.3M |
| Operating Margin | 33.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 113.6 months |
Financial Health Grade: A
In 2015, Nichols Foundation Inc Co Morgan Lewis & Bockius Llp reported a surplus of $813K with revenue exceeding expenses, holds 113.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), Nichols Foundation Inc Co Morgan Lewis & Bockius Llp's revenue has grown at a compound annual growth rate (CAGR) of 32.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -22.0% | -14.2% | +5.6% |
| 2014 | +60.5% | +47.9% | +9.3% |
| 2013 | +188.7% | +1.4% | +5.3% |
| 2012 | -14.6% | +0.9% | -4.4% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Nichols Foundation Inc Co Morgan Lewis & Bockius Llp 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Nichols Foundation Inc Co Morgan Lewis & Bockius Llp 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 (2015)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $813K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reported 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which is highly efficient for an organization of its historical size.
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 Nichols Foundation Inc Co Morgan Lewis & Bockius Llp's IRS 990 filings:
- Sudden and unexplained drop to $0 revenue and assets in the latest filing, following years of significant financial activity.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, making it difficult to assess spending efficiency fully.
Strengths
The following positive indicators were identified for Nichols Foundation Inc Co Morgan Lewis & Bockius Llp:
- Historically strong asset base, reaching over $15 million in 2015.
- Consistent reporting of 0% officer compensation, indicating high efficiency in leadership costs.
- Historically, revenue generally exceeded expenses, suggesting sound financial management in prior periods (e.g., 2015 revenue $2,429,510 vs. expenses $1,616,607).
Frequently Asked Questions about Nichols Foundation Inc Co Morgan Lewis & Bockius Llp
Is Nichols Foundation Inc Co Morgan Lewis & Bockius Llp a legitimate charity?
Nichols Foundation Inc Co Morgan Lewis & Bockius Llp (EIN: 136400615) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 75/100. It has 5 years of IRS 990 filings on record. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Nichols Foundation Inc Co Morgan Lewis & Bockius Llp spend its money?
Nichols Foundation Inc Co Morgan Lewis & Bockius Llp directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Nichols Foundation Inc Co Morgan Lewis & Bockius Llp tax-deductible?
Nichols Foundation Inc Co Morgan Lewis & Bockius Llp is registered as a tax-exempt nonprofit (EIN: 136400615). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Nichols Foundation Inc Co Morgan Lewis & Bockius Llp's spending goes to programs?
Nichols Foundation Inc Co Morgan Lewis & Bockius Llp directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Nichols Foundation Inc Co Morgan Lewis & Bockius Llp located?
Nichols Foundation Inc Co Morgan Lewis & Bockius Llp is headquartered in Washington, Washington DC and files with the IRS under EIN 136400615.
How many years of IRS 990 filings does Nichols Foundation Inc Co Morgan Lewis & Bockius Llp have?
Nichols Foundation Inc Co Morgan Lewis & Bockius Llp has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What caused the sudden drop to $0 revenue and assets in the latest filing?
The provided data does not offer an explanation for the drastic change from multi-million dollar assets and revenue in previous years to $0 in the latest filing. This could indicate a cessation of operations, a merger, or a change in reporting.
How does the organization sustain its operations without any reported revenue or assets?
Based on the latest filing, it appears the organization may no longer be actively operating or has undergone a significant structural change, as it reports no financial resources to sustain operations.
What were the primary program activities funded by the Nichols Foundation Inc when it was actively reporting revenue?
The provided IRS 990 data does not detail the specific program activities. A full 990 form would be needed to understand the nature of its programs.
Filing History
IRS 990 filing history for Nichols Foundation Inc Co Morgan Lewis & Bockius Llp showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Nichols Foundation Inc Co Morgan Lewis & Bockius Llp's revenue has grown by 208.9%, moving from $786K to $2.4M. Total assets increased by 16.1% over the same period, from $13.2M to $15.3M. Total functional expenses rose by 29.9%, from $1.2M to $1.6M. In its most recent filing year (2015), Nichols Foundation Inc Co Morgan Lewis & Bockius Llp reported a surplus of $813K, with revenue exceeding expenses. The organization holds $1 in liabilities against $15.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $15.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $2.4M | $1.6M | $15.3M | $1 | — | View 990 |
| 2014 | $3.1M | $1.9M | $14.5M | $0 | — | View 990 |
| 2013 | $1.9M | $1.3M | $13.3M | $0 | — | View 990 |
| 2012 | $672K | $1.3M | $12.6M | $0 | — | View 990 |
| 2011 | $786K | $1.2M | $13.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $2.4M, expenses of $1.6M, and assets of $15.3M (revenue -22.0% year-over-year).
- 2014: Revenue of $3.1M, expenses of $1.9M, and assets of $14.5M (revenue +60.5% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.3M, and assets of $13.3M (revenue +188.7% year-over-year).
- 2012: Revenue of $672K, expenses of $1.3M, and assets of $12.6M (revenue -14.6% year-over-year).
- 2011: Revenue of $786K, expenses of $1.2M, and assets of $13.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nichols Foundation Inc Co Morgan Lewis & Bockius Llp:
Data Sources and Methodology
This transparency report for Nichols Foundation Inc Co Morgan Lewis & Bockius Llp 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.