Richard Meier Foundation
Richard Meier Foundation shows fluctuating revenue but consistent zero officer compensation and growing assets.
EIN: 133978415 · New York, NY · NTEE: T20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $697K |
| Program Spending | 80% |
| Net Assets | $6.9M |
| Transparency Score | 75/100 |
Is Richard Meier Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Richard Meier Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Richard Meier Foundation
Richard Meier Foundation (EIN: 133978415) is a nonprofit organization based in New York, NY, classified under NTEE code T20Z. The organization reported total revenue of $3.7M and total assets of $7.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richard Meier Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richard Meier Foundation is a mid-size nonprofit that has been operating for 28 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $723K |
| Total Expenses | $697K |
| Surplus / Deficit | +$26K |
| Total Assets | $6.9M |
| Total Liabilities | $1 |
| Net Assets | $6.9M |
| Operating Margin | 3.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 119.4 months |
Financial Health Grade: A
In 2023, Richard Meier Foundation reported a surplus of $26K with revenue exceeding expenses, holds 119.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +271.6% | +6.6% | +17.4% |
| 2022 | -79.8% | +0.8% | -7.2% |
| 2021 | +651.9% | +55.8% | +5.2% |
| 2020 | -85.7% | +9.9% | -4.5% |
| 2019 | +225.8% | -22.0% | +17.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Meier Foundation with a Mission Score of 75 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 Meier Foundation 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 surplus of $26K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive compensation from the foundation, which is highly favorable for donor trust.
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 Meier Foundation's IRS 990 filings:
- Highly inconsistent revenue streams year-over-year, making future financial planning unpredictable.
- Periods where expenses significantly exceed revenue (e.g., 2022: $653,880 expenses vs. $194,474 revenue), potentially indicating reliance on reserves.
Strengths
The following positive indicators were identified for Richard Meier Foundation:
- Consistent reporting of 0% officer compensation, indicating strong financial stewardship regarding executive pay.
- Growing asset base, reaching $7,352,594, provides a solid financial foundation.
- Consistently low liabilities ($1 in recent years) points to a healthy balance sheet.
- Positive net income in several years, such as 2023 ($722,650 revenue vs. $696,875 expenses), demonstrating operational efficiency in those periods.
Frequently Asked Questions about Richard Meier Foundation
Is Richard Meier Foundation a legitimate charity?
Richard Meier Foundation (EIN: 133978415) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.7M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Richard Meier Foundation spend its money?
Richard Meier Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Richard Meier Foundation tax-deductible?
Richard Meier Foundation is registered as a tax-exempt nonprofit (EIN: 133978415). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Richard Meier Foundation's spending goes to programs?
Richard Meier Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Richard Meier Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Richard Meier Foundation is above average for NTEE category T20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Richard Meier Foundation located?
Richard Meier Foundation is headquartered in New York, New York and files with the IRS under EIN 133978415. It is classified under NTEE code T20Z.
How many years of IRS 990 filings does Richard Meier Foundation have?
Richard Meier 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 $3.7M in total revenue.
Is the Richard Meier Foundation financially stable given its fluctuating revenue?
While revenue has fluctuated significantly, the foundation's growing asset base, reaching $7,352,594, and consistently low liabilities suggest a degree of financial stability, likely supported by its reserves.
What is the organization's primary source of funding?
The provided data does not specify the primary source of funding, but the 'Revenue' figures indicate significant income streams, which vary widely year-to-year, suggesting a mix of contributions, grants, or investment income.
How does the Richard Meier Foundation manage its expenses during periods of low revenue?
In periods of low revenue, such as 2022 where revenue was $194,474 and expenses were $653,880, the foundation appears to draw upon its assets or prior year surpluses to cover operational costs, as indicated by its growing asset base despite some deficit years.
Does the foundation have a strong commitment to transparency regarding executive pay?
Yes, the foundation demonstrates a strong commitment to transparency regarding executive pay by consistently reporting 0% officer compensation in all available IRS 990 filings.
Filing History
IRS 990 filing history for Richard Meier Foundation showing financial trends over 10 years of public records:
Total assets increased by 119.4% over the same period, from $3.2M to $6.9M. Total functional expenses rose by 174.2%, from $254K to $697K. In its most recent filing year (2023), Richard Meier Foundation reported a surplus of $26K, with revenue exceeding expenses. The organization holds $1 in liabilities against $6.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $723K | $697K | $6.9M | $1 | — | — |
| 2022 | $194K | $654K | $5.9M | $1 | — | View 990 |
| 2021 | $965K | $649K | $6.4M | $1 | — | View 990 |
| 2020 | $128K | $416K | $6.1M | $1 | — | View 990 |
| 2019 | $898K | $379K | $6.3M | $0 | — | View 990 |
| 2015 | $276K | $485K | $5.4M | $0 | — | View 990 |
| 2014 | $408K | $795K | $5.6M | $0 | — | View 990 |
| 2013 | $579K | $339K | $5.8M | $0 | — | View 990 |
| 2012 | $4.8M | $310K | $5.5M | $0 | — | View 990 |
| 2011 | $-52,353 | $254K | $3.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $723K, expenses of $697K, and assets of $6.9M (revenue +271.6% year-over-year).
- 2022: Revenue of $194K, expenses of $654K, and assets of $5.9M (revenue -79.8% year-over-year).
- 2021: Revenue of $965K, expenses of $649K, and assets of $6.4M (revenue +651.9% year-over-year).
- 2020: Revenue of $128K, expenses of $416K, and assets of $6.1M (revenue -85.7% year-over-year).
- 2019: Revenue of $898K, expenses of $379K, and assets of $6.3M (revenue +225.8% year-over-year).
- 2015: Revenue of $276K, expenses of $485K, and assets of $5.4M (revenue -32.5% year-over-year).
- 2014: Revenue of $408K, expenses of $795K, and assets of $5.6M (revenue -29.5% year-over-year).
- 2013: Revenue of $579K, expenses of $339K, and assets of $5.8M (revenue -88.0% year-over-year).
- 2012: Revenue of $4.8M, expenses of $310K, and assets of $5.5M.
- 2011: Revenue of $-52,353, expenses of $254K, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richard Meier Foundation:
Data Sources and Methodology
This transparency report for Richard Meier 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.