Nick Dewolf Foundation
Nick Dewolf Foundation shows volatile revenue but stable assets and no officer compensation.
EIN: 201829265 · Aspen, CO · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $759K |
| Total Expenses | $371K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $2.4M |
| Transparency Score | 75/100 |
Is Nick Dewolf Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nick Dewolf Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nick Dewolf Foundation
Nick Dewolf Foundation (EIN: 201829265) is a nonprofit organization based in Aspen, CO, classified under NTEE code T22. The organization reported total revenue of $759K and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nick Dewolf Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nick Dewolf Foundation is a small nonprofit that has been operating for 22 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $626K |
| Total Expenses | $371K |
| Surplus / Deficit | +$255K |
| Total Assets | $2.4M |
| Total Liabilities | $3K |
| Net Assets | $2.4M |
| Operating Margin | 40.8% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 78.8 months |
Financial Health Grade: A
In 2023, Nick Dewolf Foundation reported a surplus of $255K with revenue exceeding expenses, holds 78.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Nick Dewolf Foundation's revenue has grown at a compound annual growth rate (CAGR) of 8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -696.9% | -1.8% | -23.1% |
| 2021 | -88.9% | +98.7% | -11.7% |
| 2020 | +504.6% | -16.6% | +47.6% |
| 2019 | -53.5% | -20.8% | -33.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Nick Dewolf 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Nick Dewolf Foundation 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:
- The organization reported a surplus of $255K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the foundation, which is highly commendable for an organization with assets over \$2 million.
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 Nick Dewolf Foundation's IRS 990 filings:
- Highly volatile revenue, including negative figures in multiple years (e.g., \$-239,702 in 2022), which could indicate unpredictable funding or significant financial adjustments.
- Lack of detailed expense breakdown in summary data makes it difficult to fully assess spending efficiency beyond officer compensation.
Strengths
The following positive indicators were identified for Nick Dewolf Foundation:
- Consistent reporting of 0% officer compensation across all filings, demonstrating a strong commitment to minimizing administrative overhead in this area.
- Maintained a stable asset base, consistently over \$2 million, providing financial resilience despite revenue fluctuations.
- Positive revenue exceeding expenses in the latest filing (2023: Revenue \$626,468, Expenses \$371,115), indicating improved financial performance.
Frequently Asked Questions about Nick Dewolf Foundation
Is Nick Dewolf Foundation a legitimate charity?
Nick Dewolf Foundation (EIN: 201829265) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 75/100. It has 11 years of IRS 990 filings on record. Total revenue: $759K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Nick Dewolf Foundation spend its money?
Nick Dewolf Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Nick Dewolf Foundation tax-deductible?
Nick Dewolf Foundation is registered as a tax-exempt nonprofit (EIN: 201829265). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Nick Dewolf Foundation CEO make?
Nick Dewolf Foundation's highest-compensated officer earns $2 annually. The organization reported $759K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Nick Dewolf Foundation's spending goes to programs?
Nick Dewolf Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nick Dewolf Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Nick Dewolf 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 Nick Dewolf Foundation located?
Nick Dewolf Foundation is headquartered in Aspen, Colorado and files with the IRS under EIN 201829265. It is classified under NTEE code T22.
How many years of IRS 990 filings does Nick Dewolf Foundation have?
Nick Dewolf Foundation has 11 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 $759K in total revenue.
What caused the negative revenue reported in 2022 (\$-239,702) and 2015 (\$-9,622)?
The provided data does not specify the reasons for negative revenue, but it could be due to investment losses, significant returns of contributions, or other unusual financial adjustments.
How does the Nick Dewolf Foundation allocate its expenses between program services, administration, and fundraising?
The provided summary data does not offer a detailed breakdown of expenses. A full IRS Form 990 would be needed to determine the exact allocation of the \$371,115 in expenses reported in 2023.
What are the primary programs or grants funded by the foundation, given its NTEE code T22?
As a grantmaking foundation (T22), its primary programs would involve issuing grants. The summary data does not detail specific grant recipients or program areas, which would be found in the full 990.
Filing History
IRS 990 filing history for Nick Dewolf Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Nick Dewolf Foundation's revenue has grown by 175.5%, moving from $227K to $626K. Total assets decreased by 33% over the same period, from $3.6M to $2.4M. Total functional expenses fell by 31.8%, from $544K to $371K. In its most recent filing year (2023), Nick Dewolf Foundation reported a surplus of $255K, with revenue exceeding expenses. The organization holds $3K in liabilities against $2.4M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $626K | $371K | $2.4M | $3K | — | View 990 |
| 2022 | $-239,702 | $425K | $2.2M | $2K | — | View 990 |
| 2021 | $40K | $432K | $2.8M | $2K | — | View 990 |
| 2020 | $362K | $217K | $3.2M | $3K | — | View 990 |
| 2019 | $60K | $261K | $2.2M | $3K | — | View 990 |
| 2018 | $129K | $329K | $3.3M | $5K | — | View 990 |
| 2015 | $-9,622 | $469K | $1.9M | $14K | — | View 990 |
| 2014 | $173K | $497K | $2.3M | $11K | — | View 990 |
| 2013 | $-66,719 | $485K | $2.6M | $5K | — | View 990 |
| 2012 | $181K | $583K | $3.2M | $243 | — | View 990 |
| 2011 | $227K | $544K | $3.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $626K, expenses of $371K, and assets of $2.4M.
- 2022: Revenue of $-239,702, expenses of $425K, and assets of $2.2M (revenue -696.9% year-over-year).
- 2021: Revenue of $40K, expenses of $432K, and assets of $2.8M (revenue -88.9% year-over-year).
- 2020: Revenue of $362K, expenses of $217K, and assets of $3.2M (revenue +504.6% year-over-year).
- 2019: Revenue of $60K, expenses of $261K, and assets of $2.2M (revenue -53.5% year-over-year).
- 2018: Revenue of $129K, expenses of $329K, and assets of $3.3M.
- 2015: Revenue of $-9,622, expenses of $469K, and assets of $1.9M (revenue -105.6% year-over-year).
- 2014: Revenue of $173K, expenses of $497K, and assets of $2.3M.
- 2013: Revenue of $-66,719, expenses of $485K, and assets of $2.6M (revenue -136.8% year-over-year).
- 2012: Revenue of $181K, expenses of $583K, and assets of $3.2M (revenue -20.2% year-over-year).
- 2011: Revenue of $227K, expenses of $544K, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nick Dewolf Foundation:
Data Sources and Methodology
This transparency report for Nick Dewolf 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.