Rose Nulman Park Foundation
Rose Nulman Park Foundation relies on substantial assets amidst inconsistent revenue generation and minimal expenses.
EIN: 205055687 · Narragansett, RI · NTEE: T23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $136K |
| Total Expenses | $12K |
| Program Spending | 80% |
| Net Assets | $3.4M |
| Transparency Score | 75/100 |
Is Rose Nulman Park Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rose Nulman Park Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rose Nulman Park Foundation
Rose Nulman Park Foundation (EIN: 205055687) is a nonprofit organization based in Narragansett, RI, classified under NTEE code T23. The organization reported total revenue of $136K and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rose Nulman Park Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rose Nulman Park Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -15.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $17K |
| Total Expenses | $12K |
| Surplus / Deficit | +$6K |
| Total Assets | $3.4M |
| Total Liabilities | $1 |
| Net Assets | $3.4M |
| Operating Margin | 33.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 3535.4 months |
Financial Health Grade: A
In 2023, Rose Nulman Park Foundation reported a surplus of $6K with revenue exceeding expenses, holds 3535.4 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), Rose Nulman Park Foundation's revenue has declined at a compound annual growth rate (CAGR) of -15.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -132.5% | -24.5% | -0.5% |
| 2021 | +41.3% | -27.7% | -0.2% |
| 2019 | -128.1% | -35.2% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Rose Nulman Park 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: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Rose Nulman Park Foundation allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. 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 $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has been consistently reported as 0% across all available filings, indicating that the organization is likely run by volunteers or has no paid officers, which is highly efficient for an organization of its asset size.
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 Rose Nulman Park Foundation's IRS 990 filings:
- Inconsistent and frequently negative annual revenue, indicating a lack of sustainable external funding.
- Declining asset base over the long term, from $3,670,077 in 2011 to $3,434,960 in 2023, suggesting potential drawdowns on principal.
Strengths
The following positive indicators were identified for Rose Nulman Park Foundation:
- Substantial asset base of over $3.4 million provides financial stability.
- Consistently low operational expenses, demonstrating cost-effective management.
- No reported officer compensation, indicating a volunteer-driven or highly efficient leadership structure.
- Consistent IRS 990 filing history, demonstrating good transparency.
Frequently Asked Questions about Rose Nulman Park Foundation
Is Rose Nulman Park Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Rose Nulman Park Foundation (EIN: 205055687) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Rose Nulman Park Foundation spend its money?
Rose Nulman Park Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rose Nulman Park Foundation tax-deductible?
Rose Nulman Park Foundation is registered as a tax-exempt nonprofit (EIN: 205055687). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Rose Nulman Park Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Rose Nulman Park Foundation is above average for NTEE category T23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rose Nulman Park Foundation located?
Rose Nulman Park Foundation is headquartered in Narragansett, Rhode Island and files with the IRS under EIN 205055687. It is classified under NTEE code T23.
How many years of IRS 990 filings does Rose Nulman Park Foundation have?
Rose Nulman Park 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 $136K in total revenue.
How does the Rose Nulman Park Foundation fund its operations given its frequently negative or very low revenue?
The foundation appears to primarily fund its operations and maintain its park through its substantial asset base, which has consistently been over $3.4 million. Its expenses are relatively low, suggesting that the endowment's returns or prior accumulated funds cover the operational costs, rather than relying on significant annual fundraising.
What specific programs or activities does the Rose Nulman Park Foundation undertake?
Based on the NTEE code T23 (Parks & Recreation Areas) and the organization's name, it likely focuses on maintaining and operating a park. However, the provided financial data does not detail specific program expenditures.
Is the Rose Nulman Park Foundation actively fundraising?
The inconsistent and often negative revenue figures, such as $-3,632 in 2022 and $-3,377 in 2019, suggest that the organization is not actively engaged in significant fundraising efforts, or if it is, they are not consistently yielding positive net results.
Filing History
IRS 990 filing history for Rose Nulman Park Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Rose Nulman Park Foundation's revenue has declined by 85.8%, moving from $123K to $17K. Total assets decreased by 6.4% over the same period, from $3.7M to $3.4M. Total functional expenses fell by 72.4%, from $42K to $12K. In its most recent filing year (2023), Rose Nulman Park Foundation reported a surplus of $6K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $17K | $12K | $3.4M | $1 | — | — |
| 2022 | $-3,632 | $14K | $3.4M | $1 | — | View 990 |
| 2021 | $11K | $19K | $3.4M | $1 | — | — |
| 2020 | $8K | $26K | $3.5M | $1 | — | — |
| 2019 | $-3,377 | $16K | $3.5M | $1 | — | View 990 |
| 2015 | $12K | $25K | $3.5M | $1 | — | View 990 |
| 2014 | $2K | $47K | $3.5M | $1 | — | View 990 |
| 2013 | $-132 | $38K | $3.6M | $1 | — | View 990 |
| 2012 | $40K | $102K | $3.6M | $0 | — | View 990 |
| 2011 | $123K | $42K | $3.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17K, expenses of $12K, and assets of $3.4M.
- 2022: Revenue of $-3,632, expenses of $14K, and assets of $3.4M (revenue -132.5% year-over-year).
- 2021: Revenue of $11K, expenses of $19K, and assets of $3.4M (revenue +41.3% year-over-year).
- 2020: Revenue of $8K, expenses of $26K, and assets of $3.5M.
- 2019: Revenue of $-3,377, expenses of $16K, and assets of $3.5M (revenue -128.1% year-over-year).
- 2015: Revenue of $12K, expenses of $25K, and assets of $3.5M (revenue +578.1% year-over-year).
- 2014: Revenue of $2K, expenses of $47K, and assets of $3.5M.
- 2013: Revenue of $-132, expenses of $38K, and assets of $3.6M (revenue -100.3% year-over-year).
- 2012: Revenue of $40K, expenses of $102K, and assets of $3.6M (revenue -67.5% year-over-year).
- 2011: Revenue of $123K, expenses of $42K, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rose Nulman Park Foundation:
Data Sources and Methodology
This transparency report for Rose Nulman Park 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.