Nick Simons Foundation
Nick Simons Foundation consistently directs over 90% of expenses to programs with zero officer compensation.
EIN: 203101239 · New York, NY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $21.1M |
| Total Expenses | $15.8M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $200 |
| Net Assets | $193.4M |
| Transparency Score | 95/100 |
Is Nick Simons Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nick Simons Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nick Simons Foundation
Nick Simons Foundation (EIN: 203101239) is a nonprofit organization based in New York, NY, classified under NTEE code T20. The organization reported total revenue of $21.1M and total assets of $223.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nick Simons Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nick Simons Foundation is a large nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -17.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $15.8M |
| Surplus / Deficit | $-14,668,669 |
| Total Assets | $219.4M |
| Total Liabilities | $26.0M |
| Net Assets | $193.4M |
| Operating Margin | -1300.8% |
| Debt-to-Asset Ratio | 11.8% |
| Months of Reserves | 166.6 months |
Financial Health Grade: B
In 2023, Nick Simons Foundation reported a deficit of $14.7M with expenses exceeding revenue, holds 166.6 months of operating reserves (strong position), has a debt-to-asset ratio of 11.8% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Nick Simons Foundation's revenue has declined at a compound annual growth rate (CAGR) of -17.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -62.1% | -1.0% | -1.7% |
| 2023 | -76.6% | -0.4% | -3.4% |
| 2022 | +92.9% | -4.2% | +24.0% |
| 2021 | -81.8% | -24.8% | +35.3% |
| 2020 | +92.3% | +46.1% | +36.4% |
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 Nick Simons Foundation with a Mission Score of 95 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: 4%
- programs: 95%
- fundraising: 1%
According to IRS 990 filings, Nick Simons Foundation allocates its expenses as follows: admin: 4%, programs: 95%, fundraising: 1%. With 95% 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 $14.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the foundation, which is highly unusual for an organization of this size with assets exceeding $200 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 Simons Foundation's IRS 990 filings:
- Significant year-over-year revenue volatility, though mitigated by large asset base.
Strengths
The following positive indicators were identified for Nick Simons Foundation:
- Consistently high program spending ratio (e.g., 94.7% in 202312).
- Zero officer compensation reported across all filings.
- Substantial and growing asset base (from $34.6M in 201206 to $219.3M in 202312).
- Strong financial health and stability.
- Effective use of endowment to maintain consistent program expenditures.
Frequently Asked Questions about Nick Simons Foundation
Is Nick Simons Foundation a legitimate charity?
Nick Simons Foundation (EIN: 203101239) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 11 years of IRS 990 filings on record. Total revenue: $21.1M. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Nick Simons Foundation spend its money?
Nick Simons Foundation directs 95% of its spending to programs and services. Fundraising costs 1%. This exceeds the 65% industry benchmark.
Are donations to Nick Simons Foundation tax-deductible?
Nick Simons Foundation is registered as a tax-exempt nonprofit (EIN: 203101239). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Nick Simons Foundation CEO make?
Nick Simons Foundation's highest-compensated officer earns $200 annually. The organization reported $21.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Nick Simons Foundation's spending goes to programs?
Nick Simons Foundation directs 95% to programs, 1% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nick Simons Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Nick Simons Foundation 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 Nick Simons Foundation located?
Nick Simons Foundation is headquartered in New York, New York and files with the IRS under EIN 203101239. It is classified under NTEE code T20.
How many years of IRS 990 filings does Nick Simons Foundation have?
Nick Simons 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 $21.1M in total revenue.
Is the Nick Simons Foundation a good charity?
Based on its financial filings, the Nick Simons Foundation appears to be a very good charity. It consistently allocates a very high percentage of its expenses (e.g., 94.7% in 202312) directly to program services and reports 0% officer compensation, indicating strong financial efficiency and a clear focus on its mission.
How does the Nick Simons Foundation manage its finances given fluctuating revenue?
Despite significant fluctuations in annual revenue (e.g., $36M in 202006 vs. $1.1M in 202312), the foundation maintains consistent program spending, often exceeding annual revenue. This is supported by its substantial and growing asset base, which increased from $34.6M in 201206 to $219.3M in 202312, suggesting it operates as a grant-making foundation utilizing its endowment.
What is the trend in the foundation's assets?
The foundation's assets have shown a strong upward trend, growing from $34,660,081 in 201206 to $219,370,267 in 202312, indicating robust financial growth and stability.
Filing History
IRS 990 filing history for Nick Simons Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Nick Simons Foundation's revenue has declined by 90.4%, moving from $11.8M to $1.1M. Total assets increased by 887.8% over the same period, from $22.2M to $219.4M. Total functional expenses rose by 287.5%, from $4.1M to $15.8M. In its most recent filing year (2023), Nick Simons Foundation reported a deficit of $14.7M, with expenses exceeding revenue. The organization holds $26.0M in liabilities against $219.4M in assets (debt-to-asset ratio: 11.8%), resulting in net assets of $193.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $15.8M | $219.4M | $26.0M | — | View 990 |
| 2023 | $3.0M | $15.9M | $223.1M | $21.8M | — | — |
| 2022 | $12.7M | $16.0M | $230.9M | $22.6M | — | View 990 |
| 2021 | $6.6M | $16.7M | $186.2M | $22.2M | — | View 990 |
| 2020 | $36.3M | $22.2M | $137.6M | $21.6M | — | View 990 |
| 2019 | $18.9M | $15.2M | $100.9M | $16.2M | — | View 990 |
| 2015 | $9.8M | $7.5M | $63.1M | $420K | — | View 990 |
| 2014 | $6.4M | $5.8M | $60.9M | $984K | — | View 990 |
| 2013 | $5.4M | $5.9M | $56.9M | $866K | — | View 990 |
| 2012 | $15.9M | $5.1M | $34.7M | $0 | — | View 990 |
| 2011 | $11.8M | $4.1M | $22.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $15.8M, and assets of $219.4M (revenue -62.1% year-over-year).
- 2023: Revenue of $3.0M, expenses of $15.9M, and assets of $223.1M (revenue -76.6% year-over-year).
- 2022: Revenue of $12.7M, expenses of $16.0M, and assets of $230.9M (revenue +92.9% year-over-year).
- 2021: Revenue of $6.6M, expenses of $16.7M, and assets of $186.2M (revenue -81.8% year-over-year).
- 2020: Revenue of $36.3M, expenses of $22.2M, and assets of $137.6M (revenue +92.3% year-over-year).
- 2019: Revenue of $18.9M, expenses of $15.2M, and assets of $100.9M (revenue +92.1% year-over-year).
- 2015: Revenue of $9.8M, expenses of $7.5M, and assets of $63.1M (revenue +53.6% year-over-year).
- 2014: Revenue of $6.4M, expenses of $5.8M, and assets of $60.9M (revenue +18.2% year-over-year).
- 2013: Revenue of $5.4M, expenses of $5.9M, and assets of $56.9M (revenue -66.0% year-over-year).
- 2012: Revenue of $15.9M, expenses of $5.1M, and assets of $34.7M (revenue +34.7% year-over-year).
- 2011: Revenue of $11.8M, expenses of $4.1M, and assets of $22.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nick Simons Foundation:
Data Sources and Methodology
This transparency report for Nick Simons 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.