Nicklies Foundation Inc
Nicklies Foundation Inc. shows consistent asset growth and no reported officer compensation over a decade.
EIN: 200520043 · Louisville, KY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $802K |
| Total Expenses | $196K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3.5 |
| Net Assets | $2.6M |
| Transparency Score | 85/100 |
Is Nicklies Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nicklies Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nicklies Foundation Inc
Nicklies Foundation Inc (EIN: 200520043) is a nonprofit organization based in Louisville, KY, classified under NTEE code T22. The organization reported total revenue of $802K and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nicklies Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nicklies Foundation Inc is a small nonprofit that has been operating for 22 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $278K |
| Total Expenses | $196K |
| Surplus / Deficit | +$82K |
| Total Assets | $2.6M |
| Total Liabilities | $7K |
| Net Assets | $2.6M |
| Operating Margin | 29.3% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 160.3 months |
Financial Health Grade: A
In 2023, Nicklies Foundation Inc reported a surplus of $82K with revenue exceeding expenses, holds 160.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Nicklies Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.9% | -7.2% | +3.4% |
| 2022 | +1.4% | +18.4% | +8.4% |
| 2021 | +41.0% | +10.0% | +10.4% |
| 2020 | +42.9% | +88.0% | +32.9% |
| 2016 | +15.6% | -11.0% | +7.6% |
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 Nicklies Foundation Inc with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Nicklies Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $82K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other non-reportable means, which is highly unusual for an organization with over $3.5 million in assets.
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 Nicklies Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes precise efficiency analysis difficult.
- Consistent 0% officer compensation for an organization of this size and asset base is unusual and warrants further inquiry into how leadership is supported or if compensation is reported elsewhere.
Strengths
The following positive indicators were identified for Nicklies Foundation Inc:
- Consistent asset growth, increasing from $1.34M in 2012 to $3.54M currently, indicating strong financial management.
- Positive net income in most reported periods, demonstrating financial stability and sustainability.
- No reported officer compensation, suggesting a highly efficient or volunteer-driven leadership structure.
- Long history of IRS 990 filings (9 filings), indicating transparency and compliance.
Frequently Asked Questions about Nicklies Foundation Inc
Is Nicklies Foundation Inc a legitimate charity?
Nicklies Foundation Inc (EIN: 200520043) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $802K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Nicklies Foundation Inc spend its money?
Nicklies Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Nicklies Foundation Inc tax-deductible?
Nicklies Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200520043). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Nicklies Foundation Inc CEO make?
Nicklies Foundation Inc's highest-compensated officer earns $3.5 annually. The organization reported $802K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Nicklies Foundation Inc's spending goes to programs?
Nicklies Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nicklies Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Nicklies Foundation Inc 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 Nicklies Foundation Inc located?
Nicklies Foundation Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 200520043. It is classified under NTEE code T22.
How many years of IRS 990 filings does Nicklies Foundation Inc have?
Nicklies Foundation Inc has 9 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 $802K in total revenue.
How does Nicklies Foundation Inc. manage to operate without reporting any officer compensation?
The IRS 990 filings consistently show 0% officer compensation, suggesting that key leadership roles are filled by volunteers or compensated through mechanisms not reported in this section of the 990, such as through a related entity or as independent contractors below reporting thresholds. This practice significantly reduces overhead.
What are the primary program activities funded by Nicklies Foundation Inc.?
Based on the NTEE code T22 (Foundations, Grantmaking & Giving Services), the organization likely engages in grantmaking to other non-profits or individuals. The provided data does not specify the exact nature of their programmatic grants or direct services.
Is the consistent growth in assets sustainable for Nicklies Foundation Inc.?
Yes, the consistent growth in assets, from $1,340,463 in 2012 to $3,544,231 currently, is a strong indicator of financial sustainability. The organization consistently generates more revenue than expenses, allowing for asset accumulation.
Filing History
IRS 990 filing history for Nicklies Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Nicklies Foundation Inc's revenue has grown by 105.2%, moving from $136K to $278K. Total assets increased by 95.8% over the same period, from $1.3M to $2.6M. Total functional expenses rose by 80.2%, from $109K to $196K. In its most recent filing year (2023), Nicklies Foundation Inc reported a surplus of $82K, with revenue exceeding expenses. The organization holds $7K in liabilities against $2.6M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $278K | $196K | $2.6M | $7K | — | View 990 |
| 2022 | $408K | $212K | $2.5M | $3K | — | View 990 |
| 2021 | $403K | $179K | $2.3M | $3K | — | View 990 |
| 2020 | $286K | $163K | $2.1M | $7K | — | View 990 |
| 2016 | $200K | $86K | $1.6M | $1 | — | View 990 |
| 2015 | $173K | $97K | $1.5M | $0 | — | View 990 |
| 2014 | $178K | $178K | $1.4M | $0 | — | View 990 |
| 2013 | $156K | $89K | $1.4M | $56 | — | View 990 |
| 2012 | $136K | $109K | $1.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $278K, expenses of $196K, and assets of $2.6M (revenue -31.9% year-over-year).
- 2022: Revenue of $408K, expenses of $212K, and assets of $2.5M (revenue +1.4% year-over-year).
- 2021: Revenue of $403K, expenses of $179K, and assets of $2.3M (revenue +41.0% year-over-year).
- 2020: Revenue of $286K, expenses of $163K, and assets of $2.1M (revenue +42.9% year-over-year).
- 2016: Revenue of $200K, expenses of $86K, and assets of $1.6M (revenue +15.6% year-over-year).
- 2015: Revenue of $173K, expenses of $97K, and assets of $1.5M (revenue -3.0% year-over-year).
- 2014: Revenue of $178K, expenses of $178K, and assets of $1.4M (revenue +14.5% year-over-year).
- 2013: Revenue of $156K, expenses of $89K, and assets of $1.4M (revenue +14.9% year-over-year).
- 2012: Revenue of $136K, expenses of $109K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nicklies Foundation Inc:
Data Sources and Methodology
This transparency report for Nicklies Foundation Inc 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.