Talents Foundation Inc
Talents Foundation Inc shows consistent asset growth and zero executive compensation, with fluctuating but generally managed revenues.
EIN: 208934642 · Carencro, LA · NTEE: X84 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $176K |
| Total Expenses | $165K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.0M |
| Transparency Score | 85/100 |
Is Talents Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Talents Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Talents Foundation Inc
Talents Foundation Inc (EIN: 208934642) is a nonprofit organization based in Carencro, LA, classified under NTEE code X84. The organization reported total revenue of $176K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Talents Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Talents Foundation Inc is a small nonprofit that has been operating for 14 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $219K |
| Total Expenses | $165K |
| Surplus / Deficit | +$55K |
| Total Assets | $1.0M |
| Total Liabilities | $6K |
| Net Assets | $1.0M |
| Operating Margin | 24.9% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 75.6 months |
Financial Health Grade: A
In 2023, Talents Foundation Inc reported a surplus of $55K with revenue exceeding expenses, holds 75.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Talents Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +55.0% | +11.8% | +5.6% |
| 2022 | -28.8% | +20.2% | -0.6% |
| 2021 | +52.2% | -4.9% | +8.3% |
| 2020 | -16.1% | -12.6% | +0.2% |
| 2019 | -86.3% | +1.7% | +0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
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 Talents Foundation Inc with a Mission Score of 85 out of 100 (Excellent). 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, Talents Foundation Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $55K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries from the organization, which is highly unusual for an organization with over $1 million in assets and annual revenues exceeding $100,000.
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 Talents Foundation Inc's IRS 990 filings:
- Unexplained significant revenue spike in 2018 not reflected in sustained growth or proportional expense increase.
- Consistent 0% officer compensation for an organization of this size, which could indicate reliance on unpaid labor or alternative compensation structures not fully transparent.
- NTEE code X84 ('Other Public Charities') is very broad, making it difficult to ascertain specific mission focus without further detail.
Strengths
The following positive indicators were identified for Talents Foundation Inc:
- Consistent asset growth, reaching over $1 million by 2023 ($1,036,390).
- Zero reported officer compensation, indicating high efficiency in leadership costs.
- Low liabilities, consistently below $7,000 in recent years, demonstrating financial prudence.
- Generally operates with a surplus, as seen in 2023 with revenues of $219,144 against expenses of $164,580.
Frequently Asked Questions about Talents Foundation Inc
Is Talents Foundation Inc a legitimate charity?
Talents Foundation Inc (EIN: 208934642) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $176K. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Talents Foundation Inc spend its money?
Talents Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Talents Foundation Inc tax-deductible?
Talents Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208934642). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Talents Foundation Inc CEO make?
Talents Foundation Inc's highest-compensated officer earns $1 annually. The organization reported $176K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Talents Foundation Inc's spending goes to programs?
Talents Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Talents Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Talents Foundation Inc is above average for NTEE category X84 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Talents Foundation Inc located?
Talents Foundation Inc is headquartered in Carencro, Louisiana and files with the IRS under EIN 208934642. It is classified under NTEE code X84.
How many years of IRS 990 filings does Talents Foundation Inc have?
Talents Foundation Inc has 12 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 $176K in total revenue.
What caused the significant revenue spike in 2018 ($1,133,036) and why was it not sustained?
The 2018 revenue spike is an anomaly in the organization's financial history. Understanding the source (e.g., a large one-time grant, asset sale) and its specific use would provide greater clarity on the organization's financial strategy and stability.
How does Talents Foundation Inc manage to operate with zero officer compensation?
The consistent reporting of 0% officer compensation suggests that leadership may be entirely volunteer-based or compensated through other means not reported as officer compensation on the 990. This is a significant factor in its operational efficiency but also raises questions about sustainability and professional staffing.
What are the primary program activities and how are funds allocated to them?
Given the NTEE code X84 (Other Public Charities), a detailed breakdown of program service accomplishments and associated expenses would provide better insight into how the organization achieves its mission and allocates its resources.
Filing History
IRS 990 filing history for Talents Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Talents Foundation Inc's revenue has grown by 6%, moving from $207K to $219K. Total assets increased by 386.8% over the same period, from $213K to $1.0M. Total functional expenses rose by 19.8%, from $137K to $165K. In its most recent filing year (2023), Talents Foundation Inc reported a surplus of $55K, with revenue exceeding expenses. The organization holds $6K in liabilities against $1.0M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $219K | $165K | $1.0M | $6K | — | — |
| 2022 | $141K | $147K | $982K | $6K | — | — |
| 2021 | $198K | $123K | $988K | $6K | — | View 990 |
| 2020 | $130K | $129K | $912K | $6K | — | View 990 |
| 2019 | $155K | $147K | $910K | $6K | — | View 990 |
| 2018 | $1.1M | $145K | $902K | $6K | — | View 990 |
| 2017 | $139K | $145K | $45K | $137K | — | View 990 |
| 2016 | $191K | $232K | $63K | $148K | — | View 990 |
| 2015 | $121K | $134K | $93K | $138K | — | View 990 |
| 2014 | $83K | $131K | $117K | $148K | — | View 990 |
| 2013 | $100K | $157K | $156K | $139K | — | View 990 |
| 2012 | $207K | $137K | $213K | $139K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $219K, expenses of $165K, and assets of $1.0M (revenue +55.0% year-over-year).
- 2022: Revenue of $141K, expenses of $147K, and assets of $982K (revenue -28.8% year-over-year).
- 2021: Revenue of $198K, expenses of $123K, and assets of $988K (revenue +52.2% year-over-year).
- 2020: Revenue of $130K, expenses of $129K, and assets of $912K (revenue -16.1% year-over-year).
- 2019: Revenue of $155K, expenses of $147K, and assets of $910K (revenue -86.3% year-over-year).
- 2018: Revenue of $1.1M, expenses of $145K, and assets of $902K (revenue +715.9% year-over-year).
- 2017: Revenue of $139K, expenses of $145K, and assets of $45K (revenue -27.3% year-over-year).
- 2016: Revenue of $191K, expenses of $232K, and assets of $63K (revenue +58.2% year-over-year).
- 2015: Revenue of $121K, expenses of $134K, and assets of $93K (revenue +45.3% year-over-year).
- 2014: Revenue of $83K, expenses of $131K, and assets of $117K (revenue -17.1% year-over-year).
- 2013: Revenue of $100K, expenses of $157K, and assets of $156K (revenue -51.5% year-over-year).
- 2012: Revenue of $207K, expenses of $137K, and assets of $213K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Talents Foundation Inc:
Data Sources and Methodology
This transparency report for Talents Foundation 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.