Nicolet National Foundation Inc
Nicolet National Foundation Inc consistently generates revenue exceeding expenses, growing assets to over $2 million with no reported officer compensation.
EIN: 205663225 · Green Bay, WI · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $316K |
| Program Spending | 90% |
| Net Assets | $1.8M |
| Transparency Score | 95/100 |
Is Nicolet National Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nicolet National Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nicolet National Foundation Inc
Nicolet National Foundation Inc (EIN: 205663225) is a nonprofit organization based in Green Bay, WI, classified under NTEE code T30. The organization reported total revenue of $1.0M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nicolet National Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nicolet National Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $602K |
| Total Expenses | $316K |
| Surplus / Deficit | +$285K |
| Total Assets | $2.0M |
| Total Liabilities | $288K |
| Net Assets | $1.8M |
| Operating Margin | 47.4% |
| Debt-to-Asset Ratio | 14.1% |
| Months of Reserves | 77.6 months |
Financial Health Grade: A
In 2023, Nicolet National Foundation Inc reported a surplus of $285K with revenue exceeding expenses, holds 77.6 months of operating reserves (strong position), has a debt-to-asset ratio of 14.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nicolet National Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +60.5% | -47.7% | +15.7% |
| 2022 | -22.7% | +74.0% | -8.0% |
| 2021 | +70.6% | +12.5% | +32.9% |
| 2020 | -21.4% | -3.7% | -1.2% |
| 2019 | +9.5% | +43.9% | +19.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Nicolet National Foundation Inc 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Nicolet National Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $285K, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through mechanisms not classified as officer compensation on the 990, which is highly favorable for financial efficiency.
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.
Strengths
The following positive indicators were identified for Nicolet National Foundation Inc:
- Consistent revenue exceeding expenses, leading to healthy surpluses.
- Steady growth in assets, reaching over $2 million in 2023.
- 0% reported officer compensation across all filings, indicating high efficiency and potential volunteer leadership.
- Low liabilities relative to assets, suggesting strong financial stability.
- Positive net income in most periods, demonstrating sustainable operations.
Frequently Asked Questions about Nicolet National Foundation Inc
Is Nicolet National Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nicolet National Foundation Inc (EIN: 205663225) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Nicolet National Foundation Inc spend its money?
Nicolet National Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nicolet National Foundation Inc tax-deductible?
Nicolet National Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205663225). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Nicolet National Foundation Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Nicolet National Foundation Inc is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nicolet National Foundation Inc located?
Nicolet National Foundation Inc is headquartered in Green Bay, Wisconsin and files with the IRS under EIN 205663225. It is classified under NTEE code T30.
How many years of IRS 990 filings does Nicolet National Foundation Inc have?
Nicolet National Foundation Inc has 13 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 $1.0M in total revenue.
Is Nicolet National Foundation Inc a good charity?
Based on the provided financial data, Nicolet National Foundation Inc appears to be a well-managed charity. It consistently generates more revenue than expenses, has growing assets, and reports 0% officer compensation, suggesting a strong focus on its mission and efficient use of funds.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved. Assets have grown from $683,895 in 2014 to $2,047,498 in 2023. Revenue has also shown consistent growth, with the latest period (202312) reporting $601,881, a significant increase from $416,049 in 2014.
What is the trend in expenses?
Expenses have generally increased in line with revenue and organizational growth, but typically remain well below revenue. For example, in 2023, expenses were $316,482 against $601,881 in revenue, demonstrating effective cost control relative to income.
Filing History
IRS 990 filing history for Nicolet National Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nicolet National Foundation Inc's revenue has grown by 738.6%, moving from $72K to $602K. Total assets increased by 788.2% over the same period, from $231K to $2.0M. Total functional expenses rose by 1034.3%, from $28K to $316K. In its most recent filing year (2023), Nicolet National Foundation Inc reported a surplus of $285K, with revenue exceeding expenses. The organization holds $288K in liabilities against $2.0M in assets (debt-to-asset ratio: 14.1%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $602K | $316K | $2.0M | $288K | — | — |
| 2022 | $375K | $605K | $1.8M | $417K | — | View 990 |
| 2021 | $485K | $348K | $1.9M | $97K | — | View 990 |
| 2020 | $285K | $309K | $1.4M | $9K | — | View 990 |
| 2019 | $362K | $321K | $1.5M | $5K | — | View 990 |
| 2018 | $330K | $223K | $1.2M | $6K | — | View 990 |
| 2017 | $402K | $273K | $1.2M | $6K | — | — |
| 2016 | $301K | $200K | $930K | $7K | — | View 990 |
| 2015 | $348K | $202K | $807K | $8K | — | View 990 |
| 2014 | $416K | $159K | $684K | $0 | — | View 990 |
| 2013 | $237K | $133K | $416K | $0 | — | View 990 |
| 2012 | $87K | $1K | $313K | $0 | — | View 990 |
| 2011 | $72K | $28K | $231K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $602K, expenses of $316K, and assets of $2.0M (revenue +60.5% year-over-year).
- 2022: Revenue of $375K, expenses of $605K, and assets of $1.8M (revenue -22.7% year-over-year).
- 2021: Revenue of $485K, expenses of $348K, and assets of $1.9M (revenue +70.6% year-over-year).
- 2020: Revenue of $285K, expenses of $309K, and assets of $1.4M (revenue -21.4% year-over-year).
- 2019: Revenue of $362K, expenses of $321K, and assets of $1.5M (revenue +9.5% year-over-year).
- 2018: Revenue of $330K, expenses of $223K, and assets of $1.2M (revenue -17.8% year-over-year).
- 2017: Revenue of $402K, expenses of $273K, and assets of $1.2M (revenue +33.4% year-over-year).
- 2016: Revenue of $301K, expenses of $200K, and assets of $930K (revenue -13.5% year-over-year).
- 2015: Revenue of $348K, expenses of $202K, and assets of $807K (revenue -16.3% year-over-year).
- 2014: Revenue of $416K, expenses of $159K, and assets of $684K (revenue +75.8% year-over-year).
- 2013: Revenue of $237K, expenses of $133K, and assets of $416K (revenue +172.6% year-over-year).
- 2012: Revenue of $87K, expenses of $1K, and assets of $313K (revenue +21.0% year-over-year).
- 2011: Revenue of $72K, expenses of $28K, and assets of $231K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nicolet National Foundation Inc:
Data Sources and Methodology
This transparency report for Nicolet National 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.