T Boone Pickens Foundation
T Boone Pickens Foundation shows highly variable revenue and expenses with no reported officer compensation.
EIN: 205892962 · Flower Mound, TX · NTEE: T22 · Updated: 2026-03-28
Is T Boone Pickens Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
T Boone Pickens Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About T Boone Pickens Foundation
T Boone Pickens Foundation (EIN: 205892962) is a nonprofit organization based in Flower Mound, TX, classified under NTEE code T22. The organization reported total revenue of $12.5M and total assets of $7.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of T Boone Pickens 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 T Boone Pickens 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, T Boone Pickens 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.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating either a fully volunteer-led organization or that compensation is structured in a way not captured under 'officer compensation' on the 990, which is highly unusual for an organization with assets exceeding $7 million.
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 T Boone Pickens Foundation's IRS 990 filings:
- Highly inconsistent revenue and expense patterns year-over-year, making financial predictability difficult.
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in the provided data, hindering efficiency assessment.
- Consistent 0% officer compensation, which, while potentially positive, warrants further investigation for an organization with significant assets.
Strengths
The following positive indicators were identified for T Boone Pickens Foundation:
- Minimal liabilities ($1 consistently reported), indicating strong financial solvency and low debt burden.
- Significant asset base ($7,377,368 latest reported), providing a strong financial foundation.
- No reported officer compensation, suggesting a potentially very lean operational structure regarding leadership salaries.
Frequently Asked Questions about T Boone Pickens Foundation
Is T Boone Pickens Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, T Boone Pickens Foundation (EIN: 205892962) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does T Boone Pickens Foundation spend its money?
T Boone Pickens Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to T Boone Pickens Foundation tax-deductible?
T Boone Pickens Foundation is registered as a tax-exempt nonprofit (EIN: 205892962). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all nine filings is highly unusual for an organization of this size and asset base. This could indicate a fully volunteer-run organization, or that compensation is paid through a related entity or structured in a way that is not reported as officer compensation on the 990.
What accounts for the extreme fluctuations in annual revenue and expenses?
The foundation's revenue has ranged from $1,144 (2021) to $1,579,105 (2013) and expenses from $725 (2019) to $1,137,153 (2012). This volatility suggests a reliance on unpredictable funding sources or significant one-time events, making long-term financial planning and consistent program delivery potentially challenging.
What is the primary source of the latest reported revenue of $12,475,358?
Given the historical revenue patterns, the latest reported revenue of $12,475,358 is a significant outlier. Understanding if this is from investment gains, a large one-time donation, or a change in operational model is crucial for assessing future financial stability.
Filing History
IRS 990 filing history for T Boone Pickens Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), T Boone Pickens Foundation's revenue has declined by 96.7%, moving from $117K to $4K. Total assets increased by 6670.8% over the same period, from $12K to $786K. Total functional expenses fell by 91.7%, from $947K to $78K. In its most recent filing year (2022), T Boone Pickens Foundation reported a deficit of $74K, with expenses exceeding revenue. The organization holds $1 in liabilities against $786K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $786K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $4K | $78K | $786K | $1 | — | View 990 |
| 2021 | $1K | $23K | $860K | $1 | — | View 990 |
| 2020 | $4K | $30K | $882K | $1 | — | View 990 |
| 2019 | $532K | $725 | $909K | $1 | — | View 990 |
| 2015 | $12K | $69K | $279K | $1 | — | View 990 |
| 2014 | $9K | $450K | $336K | $1 | — | View 990 |
| 2013 | $1.6M | $1.1M | $777K | $1 | — | View 990 |
| 2012 | $1.5M | $1.1M | $329K | $1 | — | View 990 |
| 2011 | $117K | $947K | $12K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $4K, expenses of $78K, and assets of $786K (revenue +232.3% year-over-year).
- 2021: Revenue of $1K, expenses of $23K, and assets of $860K (revenue -68.6% year-over-year).
- 2020: Revenue of $4K, expenses of $30K, and assets of $882K (revenue -99.3% year-over-year).
- 2019: Revenue of $532K, expenses of $725, and assets of $909K (revenue +4443.1% year-over-year).
- 2015: Revenue of $12K, expenses of $69K, and assets of $279K (revenue +34.9% year-over-year).
- 2014: Revenue of $9K, expenses of $450K, and assets of $336K (revenue -99.5% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.1M, and assets of $777K (revenue +8.6% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.1M, and assets of $329K (revenue +1145.6% year-over-year).
- 2011: Revenue of $117K, expenses of $947K, and assets of $12K.
Data Sources and Methodology
This transparency report for T Boone Pickens 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.