Ribeiro Foundation
Ribeiro Foundation shows volatile financial performance with recent deficits and no reported officer compensation.
EIN: 202735644 · Henderson, NV · NTEE: E123 · Updated: 2026-03-28
Is Ribeiro Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ribeiro Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ribeiro Foundation
Ribeiro Foundation (EIN: 202735644) is a nonprofit organization based in Henderson, NV, classified under NTEE code E123. The organization reported total revenue of $1.7M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ribeiro Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ribeiro Foundation with a Mission Score of 70 out of 100 (Good). 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, Ribeiro Foundation 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.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization or one where executive roles are not compensated, which is unusual for an organization with over $1.7 million in stated latest revenue.
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 Ribeiro Foundation's IRS 990 filings:
- Inconsistent financial performance with significant year-over-year fluctuations in revenue and expenses.
- Periods where expenses substantially exceed revenue (e.g., 202312, 202112), indicating potential operational deficits.
- Discrepancy between 'Latest Revenue' and 'Assets' provided and the most recent individual filing data, requiring clarification.
Strengths
The following positive indicators were identified for Ribeiro Foundation:
- Consistent reporting of $0 officer compensation, suggesting a high potential for funds to be directed towards programs.
- History of filing IRS Form 990s, indicating a commitment to transparency.
- Demonstrated ability to generate significant revenue in certain periods (e.g., $391,554 in 202012, and the stated latest revenue of $1,721,352).
Frequently Asked Questions about Ribeiro Foundation
Is Ribeiro Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Ribeiro Foundation (EIN: 202735644) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Ribeiro Foundation spend its money?
Ribeiro Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ribeiro Foundation tax-deductible?
Ribeiro Foundation is registered as a tax-exempt nonprofit (EIN: 202735644). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why is there a significant difference between the 'Latest Revenue' ($1,721,352) and 'Assets' ($1,667,126) provided and the figures from the most recent individual filing (202312: Revenue=$174,262, Assets=$605,084)?
This discrepancy suggests either a significant financial event occurred very recently that is not yet reflected in the individual filing history provided, or the 'Latest Revenue' and 'Assets' figures refer to a different reporting period or consolidated data not detailed in the individual filings. Further investigation into the most recent complete IRS Form 990 is needed to reconcile these numbers.
How does the Ribeiro Foundation sustain operations with periods where expenses significantly exceed revenue, such as in 202312 ($225,050 expenses vs. $174,262 revenue) and 202112 ($429,534 expenses vs. $205,550 revenue)?
Operating with deficits suggests the organization is either drawing from reserves, receiving large, infrequent grants not captured in annual revenue, or experiencing financial instability. The fluctuation in assets (e.g., from $594,606 in 202012 to $370,622 in 202112) could indicate asset utilization to cover operational shortfalls.
Given the $0 officer compensation, how are leadership and governance roles managed and funded within the organization, especially with stated latest revenue over $1.7 million?
The consistent reporting of no officer compensation implies that leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation. For an organization of this size, understanding the sustainability and capacity of such a leadership model is crucial for long-term effectiveness.
Filing History
IRS 990 filing history for Ribeiro Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2023), Ribeiro Foundation's revenue has grown by 232249.3%, moving from $75 to $174K. Total assets increased by 56186.9% over the same period, from $1K to $605K. Total functional expenses rose by 299966.7%, from $75 to $225K. In its most recent filing year (2023), Ribeiro Foundation reported a deficit of $51K, with expenses exceeding revenue. The organization holds $1 in liabilities against $605K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $605K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $174K | $225K | $605K | $1 | — | — |
| 2021 | $206K | $430K | $371K | $1 | — | View 990 |
| 2020 | $392K | $155K | $595K | $1 | — | View 990 |
| 2015 | $324K | $243 | $324K | $1 | — | View 990 |
| 2014 | $1 | $140 | $401 | $1 | — | View 990 |
| 2013 | $1 | $135 | $541 | $1 | — | View 990 |
| 2012 | $1 | $324 | $676 | $1 | — | View 990 |
| 2011 | $75 | $75 | $1K | $75 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $174K, expenses of $225K, and assets of $605K (revenue -15.2% year-over-year).
- 2021: Revenue of $206K, expenses of $430K, and assets of $371K (revenue -47.5% year-over-year).
- 2020: Revenue of $392K, expenses of $155K, and assets of $595K (revenue +21.0% year-over-year).
- 2015: Revenue of $324K, expenses of $243, and assets of $324K (revenue +32358300.0% year-over-year).
- 2014: Revenue of $1, expenses of $140, and assets of $401 (revenue +0.0% year-over-year).
- 2013: Revenue of $1, expenses of $135, and assets of $541 (revenue +0.0% year-over-year).
- 2012: Revenue of $1, expenses of $324, and assets of $676 (revenue -98.7% year-over-year).
- 2011: Revenue of $75, expenses of $75, and assets of $1K.
Data Sources and Methodology
This transparency report for Ribeiro 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.