Pearle Francis Finigan Foundation
Pearle Francis Finigan Foundation consistently spends more than its annual revenue, drawing from a substantial $13M+ asset base.
EIN: 200432222 · Lincoln, NE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.8M |
| Total Expenses | $952K |
| Program Spending | 90% |
| Net Assets | $13.2M |
| Transparency Score | 85/100 |
Is Pearle Francis Finigan Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pearle Francis Finigan Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pearle Francis Finigan Foundation
Pearle Francis Finigan Foundation (EIN: 200432222) is a nonprofit organization based in Lincoln, NE, classified under NTEE code T22. The organization reported total revenue of $4.8M and total assets of $13.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pearle Francis Finigan Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pearle Francis Finigan Foundation is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $391K |
| Total Expenses | $952K |
| Surplus / Deficit | $-561,845 |
| Total Assets | $13.2M |
| Total Liabilities | $1 |
| Net Assets | $13.2M |
| Operating Margin | -143.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 166.1 months |
Financial Health Grade: B
In 2024, Pearle Francis Finigan Foundation reported a deficit of $562K with expenses exceeding revenue, holds 166.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), Pearle Francis Finigan Foundation's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -28.0% | -9.9% | -4.1% |
| 2023 | -69.7% | +4.6% | -3.6% |
| 2022 | +138.5% | +9.5% | +5.5% |
| 2021 | +21.8% | -4.1% | -1.3% |
| 2020 | +905.7% | -3.2% | -7.8% |
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 Pearle Francis Finigan Foundation 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: 9%
- programs: 90%
- fundraising: 1%
According to IRS 990 filings, Pearle Francis Finigan Foundation allocates its expenses as follows: admin: 9%, programs: 90%, fundraising: 1%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $562K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through mechanisms not categorized as officer compensation, which is a strong positive for donor perception and resource allocation.
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 Pearle Francis Finigan Foundation's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in recent years, though typical for grantmaking foundations, requires reliance on endowment drawdowns.
- Unusual and consistent 'Liabilities=$1' reported across all filings, which may obscure actual minor liabilities or represent a specific accounting practice.
Strengths
The following positive indicators were identified for Pearle Francis Finigan Foundation:
- Substantial and stable asset base (over $13 million) provides long-term financial security.
- Zero reported officer compensation, indicating efficient use of funds and potentially volunteer leadership.
- Consistent history of grantmaking, actively deploying assets for its mission.
- Low liabilities reported, suggesting minimal debt burden.
Frequently Asked Questions about Pearle Francis Finigan Foundation
Is Pearle Francis Finigan Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Pearle Francis Finigan Foundation (EIN: 200432222) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Pearle Francis Finigan Foundation spend its money?
Pearle Francis Finigan Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pearle Francis Finigan Foundation tax-deductible?
Pearle Francis Finigan Foundation is registered as a tax-exempt nonprofit (EIN: 200432222). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Pearle Francis Finigan Foundation's spending goes to programs?
Pearle Francis Finigan Foundation directs 90% to programs, 1% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Pearle Francis Finigan Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Pearle Francis Finigan 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 Pearle Francis Finigan Foundation located?
Pearle Francis Finigan Foundation is headquartered in Lincoln, Nebraska and files with the IRS under EIN 200432222. It is classified under NTEE code T22.
How many years of IRS 990 filings does Pearle Francis Finigan Foundation have?
Pearle Francis Finigan Foundation 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 $4.8M in total revenue.
How does the Pearle Francis Finigan Foundation sustain its operations given that expenses frequently exceed revenue?
The foundation sustains its operations by drawing from its substantial asset base, which has consistently been over $13 million in recent years. As a grantmaking foundation, it's common for expenses (grants paid out) to exceed annual investment income or other revenue, with the difference covered by the endowment.
What is the nature of the 'Liabilities=$1' reported across all filings?
The consistent reporting of 'Liabilities=$1' across all filings is unusual for an organization of this size. It suggests either extremely minimal operational liabilities or a specific accounting practice that consolidates liabilities to a nominal value, which might warrant further clarification for complete financial transparency.
What is the primary focus of the grants made by the Pearle Francis Finigan Foundation?
Based on its NTEE code T22 (Private Grantmaking Foundations), the foundation's primary focus is making grants to other organizations. Without further details on specific grant recipients or program areas, the exact nature of its philanthropic focus remains broad.
Filing History
IRS 990 filing history for Pearle Francis Finigan Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Pearle Francis Finigan Foundation's revenue has grown by 170.3%, moving from $144K to $391K. Total assets increased by 200.3% over the same period, from $4.4M to $13.2M. Total functional expenses rose by 330.6%, from $221K to $952K. In its most recent filing year (2024), Pearle Francis Finigan Foundation reported a deficit of $562K, with expenses exceeding revenue. The organization holds $1 in liabilities against $13.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $13.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $391K | $952K | $13.2M | $1 | — | — |
| 2023 | $542K | $1.1M | $13.7M | $1 | — | View 990 |
| 2022 | $1.8M | $1.0M | $14.3M | $1 | — | View 990 |
| 2021 | $749K | $923K | $13.5M | $1 | — | View 990 |
| 2020 | $615K | $963K | $13.7M | $1 | — | View 990 |
| 2016 | $61K | $995K | $14.9M | $1 | — | View 990 |
| 2015 | $1.1M | $974K | $15.8M | $1 | — | View 990 |
| 2014 | $780K | $680K | $15.7M | $1 | — | View 990 |
| 2013 | $11.6M | $364K | $15.6M | $1 | — | View 990 |
| 2012 | $144K | $221K | $4.4M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $391K, expenses of $952K, and assets of $13.2M (revenue -28.0% year-over-year).
- 2023: Revenue of $542K, expenses of $1.1M, and assets of $13.7M (revenue -69.7% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.0M, and assets of $14.3M (revenue +138.5% year-over-year).
- 2021: Revenue of $749K, expenses of $923K, and assets of $13.5M (revenue +21.8% year-over-year).
- 2020: Revenue of $615K, expenses of $963K, and assets of $13.7M (revenue +905.7% year-over-year).
- 2016: Revenue of $61K, expenses of $995K, and assets of $14.9M (revenue -94.2% year-over-year).
- 2015: Revenue of $1.1M, expenses of $974K, and assets of $15.8M (revenue +35.9% year-over-year).
- 2014: Revenue of $780K, expenses of $680K, and assets of $15.7M (revenue -93.3% year-over-year).
- 2013: Revenue of $11.6M, expenses of $364K, and assets of $15.6M (revenue +7913.2% year-over-year).
- 2012: Revenue of $144K, expenses of $221K, and assets of $4.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pearle Francis Finigan Foundation:
Data Sources and Methodology
This transparency report for Pearle Francis Finigan 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.