Richard F Weaver And Janice Fweaver Educational Trust Inc
Richard F Weaver And Janice Fweaver Educational Trust Inc consistently spends more than it earns, relying on substantial assets.
EIN: 208486438 · Wolcottville, IN · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $739K |
| Total Expenses | $180K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $3.1M |
| Transparency Score | 70/100 |
Is Richard F Weaver And Janice Fweaver Educational Trust Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Richard F Weaver And Janice Fweaver Educational Trust Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Richard F Weaver And Janice Fweaver Educational Trust Inc
Richard F Weaver And Janice Fweaver Educational Trust Inc (EIN: 208486438) is a nonprofit organization based in Wolcottville, IN, classified under NTEE code B82. The organization reported total revenue of $739K and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richard F Weaver And Janice Fweaver Educational Trust Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richard F Weaver And Janice Fweaver Educational Trust Inc is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 38.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $135K |
| Total Expenses | $180K |
| Surplus / Deficit | $-45,202 |
| Total Assets | $3.1M |
| Total Liabilities | $1 |
| Net Assets | $3.1M |
| Operating Margin | -33.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 206.1 months |
Financial Health Grade: B
In 2023, Richard F Weaver And Janice Fweaver Educational Trust Inc reported a deficit of $45K with expenses exceeding revenue, holds 206.1 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 (2011–2023), Richard F Weaver And Janice Fweaver Educational Trust Inc's revenue has grown at a compound annual growth rate (CAGR) of 38.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.0% | -8.6% | +10.3% |
| 2022 | -57.0% | +29.1% | -21.4% |
| 2021 | +145.6% | +32.2% | +8.8% |
| 2020 | -10.1% | +208.9% | +9.2% |
| 2019 | +17094.9% | +5646.2% | +22966.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Richard F Weaver And Janice Fweaver Educational Trust Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Richard F Weaver And Janice Fweaver Educational Trust Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $45K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through non-officer roles, which is highly unusual for an organization with over $3 million in assets and suggests a volunteer-led structure.
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 Richard F Weaver And Janice Fweaver Educational Trust Inc's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., 2023 expenses $179,871 vs. revenue $134,669)
- Lack of detailed expense breakdown (program, admin, fundraising) in available data makes efficiency assessment difficult
- Unclear long-term strategy for addressing revenue shortfalls relative to expenses
Strengths
The following positive indicators were identified for Richard F Weaver And Janice Fweaver Educational Trust Inc:
- Substantial and growing asset base (over $3 million)
- No reported officer compensation, indicating a lean or volunteer-driven executive structure
- Low reported liabilities across all filings (mostly $1 or $100,000 in one year)
Frequently Asked Questions about Richard F Weaver And Janice Fweaver Educational Trust Inc
Is Richard F Weaver And Janice Fweaver Educational Trust Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Richard F Weaver And Janice Fweaver Educational Trust Inc (EIN: 208486438) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Richard F Weaver And Janice Fweaver Educational Trust Inc spend its money?
Richard F Weaver And Janice Fweaver Educational Trust Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Richard F Weaver And Janice Fweaver Educational Trust Inc tax-deductible?
Richard F Weaver And Janice Fweaver Educational Trust Inc is registered as a tax-exempt nonprofit (EIN: 208486438). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Richard F Weaver And Janice Fweaver Educational Trust Inc CEO make?
Richard F Weaver And Janice Fweaver Educational Trust Inc's highest-compensated officer earns $3 annually. The organization reported $739K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Richard F Weaver And Janice Fweaver Educational Trust Inc's spending goes to programs?
Richard F Weaver And Janice Fweaver Educational Trust Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Richard F Weaver And Janice Fweaver Educational Trust Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Richard F Weaver And Janice Fweaver Educational Trust Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Richard F Weaver And Janice Fweaver Educational Trust Inc located?
Richard F Weaver And Janice Fweaver Educational Trust Inc is headquartered in Wolcottville, Indiana and files with the IRS under EIN 208486438. It is classified under NTEE code B82.
How many years of IRS 990 filings does Richard F Weaver And Janice Fweaver Educational Trust Inc have?
Richard F Weaver And Janice Fweaver Educational Trust 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 $739K in total revenue.
Is Richard F Weaver And Janice Fweaver Educational Trust Inc a good charity?
The organization has a substantial asset base and reports no officer compensation, suggesting a commitment to its mission. However, consistent deficit spending (e.g., $179,871 expenses vs. $134,669 revenue in 2023) raises questions about long-term financial sustainability if not addressed by asset growth or increased revenue.
How does the organization fund its operations given consistent deficits?
The organization appears to be drawing down on its significant asset base (over $3 million) to cover operational expenses, as evidenced by expenses exceeding revenue in multiple recent years (e.g., 2023 and 2022).
What is the primary purpose of this educational trust?
Based on its NTEE code B82 (Scholarships & Student Financial Aid), the trust's primary purpose is likely to provide scholarships or financial aid for educational purposes.
Why is there no officer compensation reported?
The consistent reporting of 0% officer compensation suggests that the organization is either entirely volunteer-run at the executive level or that compensation is structured in a way that is not reported as officer compensation on the 990 form, which is uncommon for organizations of this size.
Has the organization's financial health improved or declined over time?
While assets have grown significantly from $13,000 in 2011 to over $3 million recently, the trend of expenses consistently exceeding revenue in recent years (2023, 2022, 2020) indicates a decline in operational financial health, despite the strong asset base.
Filing History
IRS 990 filing history for Richard F Weaver And Janice Fweaver Educational Trust Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Richard F Weaver And Janice Fweaver Educational Trust Inc's revenue has grown by 4985.7%, moving from $3K to $135K. Total assets increased by 23671.3% over the same period, from $13K to $3.1M. Total functional expenses rose by 29878.5%, from $600 to $180K. In its most recent filing year (2023), Richard F Weaver And Janice Fweaver Educational Trust Inc reported a deficit of $45K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $135K | $180K | $3.1M | $1 | — | View 990 |
| 2022 | $106K | $197K | $2.8M | $1 | — | View 990 |
| 2021 | $247K | $153K | $3.6M | $100K | — | View 990 |
| 2020 | $100K | $115K | $3.3M | $1 | — | — |
| 2019 | $112K | $37K | $3.0M | $1 | — | View 990 |
| 2015 | $650 | $650 | $13K | $1 | — | View 990 |
| 2014 | $649 | $650 | $13K | $1 | — | View 990 |
| 2013 | $652 | $650 | $13K | $1 | — | View 990 |
| 2012 | $650 | $650 | $13K | $1 | — | View 990 |
| 2011 | $3K | $600 | $13K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $135K, expenses of $180K, and assets of $3.1M (revenue +27.0% year-over-year).
- 2022: Revenue of $106K, expenses of $197K, and assets of $2.8M (revenue -57.0% year-over-year).
- 2021: Revenue of $247K, expenses of $153K, and assets of $3.6M (revenue +145.6% year-over-year).
- 2020: Revenue of $100K, expenses of $115K, and assets of $3.3M (revenue -10.1% year-over-year).
- 2019: Revenue of $112K, expenses of $37K, and assets of $3.0M (revenue +17094.9% year-over-year).
- 2015: Revenue of $650, expenses of $650, and assets of $13K (revenue +0.2% year-over-year).
- 2014: Revenue of $649, expenses of $650, and assets of $13K (revenue -0.5% year-over-year).
- 2013: Revenue of $652, expenses of $650, and assets of $13K (revenue +0.3% year-over-year).
- 2012: Revenue of $650, expenses of $650, and assets of $13K (revenue -75.5% year-over-year).
- 2011: Revenue of $3K, expenses of $600, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richard F Weaver And Janice Fweaver Educational Trust Inc:
Data Sources and Methodology
This transparency report for Richard F Weaver And Janice Fweaver Educational Trust 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.