Nulsen Family Foundation Inc
Nulsen Family Foundation faces significant asset decline and recurring negative revenue.
EIN: 200448228 · Bethesda, MD · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $319K |
| Total Expenses | $462K |
| Program Spending | 75% |
| Net Assets | $693K |
| Transparency Score | 45/100 |
Is Nulsen Family Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nulsen Family Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nulsen Family Foundation Inc
Nulsen Family Foundation Inc (EIN: 200448228) is a nonprofit organization based in Bethesda, MD, classified under NTEE code T22. The organization reported total revenue of $319K and total assets of $735K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nulsen Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nulsen Family Foundation Inc is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -156.2% | -3.2% | -47.1% |
| 2022 | -54.9% | -12.5% | -13.6% |
| 2021 | -14.0% | +9.8% | -1.0% |
| 2020 | +309.9% | -5.1% | +9.0% |
| 2019 | -5.6% | +346.5% | -15.3% |
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 Nulsen Family Foundation Inc with a Mission Score of 45 out of 100 (Fair). 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: 75%
- fundraising: 10%
According to IRS 990 filings, Nulsen Family Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly unusual for an organization with significant expenses and assets, suggesting a volunteer-led structure or that compensation is covered by an external entity.
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 Nulsen Family Foundation Inc's IRS 990 filings:
- Significant and recurring negative revenue (e.g., -$133,822 in 2023, -$1,316 in 2014).
- Consistent decline in assets over time, from $1,883,771 in 2011 to $693,112 in 2023.
- Expenses frequently and significantly exceed reported revenue, indicating deficit spending (e.g., 2022 expenses $476,813 vs. revenue $238,004).
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes efficiency assessment difficult.
Strengths
The following positive indicators were identified for Nulsen Family Foundation Inc:
- Consistent filing of IRS 990 forms, indicating transparency in reporting.
- Reported 0% officer compensation across all periods, suggesting a volunteer-led or externally funded leadership.
- Minimal liabilities reported ($1 or $0) across all periods, indicating good debt management.
Frequently Asked Questions about Nulsen Family Foundation Inc
Is Nulsen Family Foundation Inc a legitimate charity?
Nulsen Family Foundation Inc (EIN: 200448228) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $319K. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Nulsen Family Foundation Inc spend its money?
Nulsen Family Foundation Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Nulsen Family Foundation Inc tax-deductible?
Nulsen Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200448228). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Nulsen Family Foundation Inc's spending goes to programs?
Nulsen Family Foundation Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nulsen Family Foundation Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Nulsen Family Foundation Inc is near average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nulsen Family Foundation Inc located?
Nulsen Family Foundation Inc is headquartered in Bethesda, Maryland and files with the IRS under EIN 200448228. It is classified under NTEE code T22.
How many years of IRS 990 filings does Nulsen Family Foundation Inc have?
Nulsen Family Foundation Inc has 10 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 $319K in total revenue.
What is the Nulsen Family Foundation's strategy to address its recurring negative revenue and declining asset base?
The organization has reported negative revenue in multiple periods (e.g., -$133,822 in 2023, -$1,316 in 2014) and its assets have decreased from $1,883,771 in 2011 to $693,112 in 2023. This trend suggests an unsustainable financial model that needs a clear strategic response.
How does the Nulsen Family Foundation cover its expenses when revenue is negative or significantly lower than expenses?
In periods like 2023, with revenue of $-133,822 and expenses of $461,764, the organization must be drawing heavily from its existing assets or receiving significant non-revenue contributions not reflected in the 'revenue' line item, which is not sustainable long-term.
What are the specific program activities and their associated costs, given the high total expenses?
Without a detailed breakdown of expenses beyond the total, it's unclear how the significant expenses (e.g., $461,764 in 2023) are allocated between program services, administrative costs, and fundraising efforts.
Filing History
IRS 990 filing history for Nulsen Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Nulsen Family Foundation Inc's revenue has declined by 332.6%, moving from $58K to $-133,822. Total assets decreased by 63.2% over the same period, from $1.9M to $693K. Total functional expenses rose by 177.7%, from $166K to $462K. The organization holds $1 in liabilities against $693K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $693K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-133,822 | $462K | $693K | $1 | — | View 990 |
| 2022 | $238K | $477K | $1.3M | $1 | — | View 990 |
| 2021 | $528K | $545K | $1.5M | $1 | — | View 990 |
| 2020 | $614K | $496K | $1.5M | $1 | — | View 990 |
| 2019 | $150K | $523K | $1.4M | $1 | — | View 990 |
| 2015 | $159K | $117K | $1.7M | $1 | — | View 990 |
| 2014 | $-1,316 | $108K | $1.6M | $1 | — | View 990 |
| 2013 | $-13,201 | $121K | $1.7M | $0 | — | View 990 |
| 2012 | $128K | $151K | $1.9M | $0 | — | View 990 |
| 2011 | $58K | $166K | $1.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-133,822, expenses of $462K, and assets of $693K (revenue -156.2% year-over-year).
- 2022: Revenue of $238K, expenses of $477K, and assets of $1.3M (revenue -54.9% year-over-year).
- 2021: Revenue of $528K, expenses of $545K, and assets of $1.5M (revenue -14.0% year-over-year).
- 2020: Revenue of $614K, expenses of $496K, and assets of $1.5M (revenue +309.9% year-over-year).
- 2019: Revenue of $150K, expenses of $523K, and assets of $1.4M (revenue -5.6% year-over-year).
- 2015: Revenue of $159K, expenses of $117K, and assets of $1.7M.
- 2014: Revenue of $-1,316, expenses of $108K, and assets of $1.6M.
- 2013: Revenue of $-13,201, expenses of $121K, and assets of $1.7M (revenue -110.3% year-over-year).
- 2012: Revenue of $128K, expenses of $151K, and assets of $1.9M (revenue +122.5% year-over-year).
- 2011: Revenue of $58K, expenses of $166K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nulsen Family Foundation Inc:
Data Sources and Methodology
This transparency report for Nulsen Family 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.