Terasem Movement Foundation Inc
Terasem Movement Foundation Inc. consistently spends more than it earns, relying on substantial assets to cover operational deficits.
EIN: 201780425 · Lincoln, VT · NTEE: U050 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $181K |
| Total Expenses | $421K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $5.2M |
| Transparency Score | 65/100 |
Is Terasem Movement Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Terasem Movement Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Terasem Movement Foundation Inc
Terasem Movement Foundation Inc (EIN: 201780425) is a nonprofit organization based in Lincoln, VT, classified under NTEE code U050. The organization reported total revenue of $181K and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Terasem Movement Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Terasem Movement Foundation Inc is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $166K |
| Total Expenses | $421K |
| Surplus / Deficit | $-254,944 |
| Total Assets | $5.2M |
| Total Liabilities | $4K |
| Net Assets | $5.2M |
| Operating Margin | -153.6% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 148.9 months |
Financial Health Grade: B
In 2023, Terasem Movement Foundation Inc reported a deficit of $255K with expenses exceeding revenue, holds 148.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Terasem Movement Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.5% | -20.8% | -4.7% |
| 2022 | -82.0% | +62.4% | -6.2% |
| 2021 | +3916.6% | +87.8% | +325.5% |
| 2020 | -46.3% | +6.5% | -9.8% |
| 2019 | -40.7% | +26.5% | +49.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Terasem Movement Foundation Inc with a Mission Score of 65 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: 70%
- fundraising: 10%
According to IRS 990 filings, Terasem Movement Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $255K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no officers receive salaries from the organization. This is a strong positive for minimizing administrative costs related to leadership pay, especially for an organization with assets exceeding $5 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 Terasem Movement Foundation Inc's IRS 990 filings:
- Consistent operational deficits: Expenses ($420,931 in 2023) significantly exceed revenue ($165,987 in 2023) in recent years.
- Declining asset base since 2021 peak: Assets decreased from $5,839,286 in 2021 to $5,222,937 in 2023.
- Increasing liabilities: Liabilities rose from $1,496 in 2020 to $4,201 in 2023.
Strengths
The following positive indicators were identified for Terasem Movement Foundation Inc:
- Substantial asset base: Holds over $5 million in assets, providing financial stability.
- Zero officer compensation: No executive salaries reported, indicating efficient use of funds for leadership.
- Significant one-time revenue/asset growth in 2021: Demonstrates capacity for large contributions or investment gains.
Frequently Asked Questions about Terasem Movement Foundation Inc
Is Terasem Movement Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Terasem Movement Foundation Inc (EIN: 201780425) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Terasem Movement Foundation Inc spend its money?
Terasem Movement Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Terasem Movement Foundation Inc tax-deductible?
Terasem Movement Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201780425). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Terasem Movement Foundation Inc CEO make?
Terasem Movement Foundation Inc's highest-compensated officer earns $5 annually. The organization reported $181K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Terasem Movement Foundation Inc's spending goes to programs?
Terasem Movement Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Terasem Movement Foundation Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Terasem Movement Foundation Inc is above average for NTEE category U050 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Terasem Movement Foundation Inc located?
Terasem Movement Foundation Inc is headquartered in Lincoln, Vermont and files with the IRS under EIN 201780425. It is classified under NTEE code U050.
How many years of IRS 990 filings does Terasem Movement Foundation Inc have?
Terasem Movement Foundation 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 $181K in total revenue.
How does Terasem Movement Foundation Inc. fund its operations given consistent revenue deficits?
The organization appears to be funding its operations by drawing down on its substantial asset base, which was $5,222,937 in 2023. This is evident from expenses ($420,931 in 2023) consistently exceeding revenue ($165,987 in 2023) in recent years.
What caused the significant increase in assets and revenue in 2021?
In 2021, the organization reported a revenue spike to $987,846 and a corresponding increase in assets to $5,839,286 from $1,372,392 in 2020. This suggests a large one-time contribution, grant, or investment gain that significantly boosted its financial position.
What is the long-term sustainability plan given the operational deficits?
The consistent operational deficits, where expenses ($420,931 in 2023) are significantly higher than revenue ($165,987 in 2023), raise questions about the long-term sustainability of the organization if it continues to rely on its asset base without increasing recurring revenue or reducing expenses.
What are the specific program activities funded by the organization?
The provided IRS 990 data does not detail specific program activities, only total expenses. To understand the programs, one would need to review the full 990 form's Part III (Statement of Program Service Accomplishments).
Filing History
IRS 990 filing history for Terasem Movement Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Terasem Movement Foundation Inc's revenue has grown by 269.7%, moving from $45K to $166K. Total assets increased by 301.6% over the same period, from $1.3M to $5.2M. Total functional expenses rose by 154.2%, from $166K to $421K. In its most recent filing year (2023), Terasem Movement Foundation Inc reported a deficit of $255K, with expenses exceeding revenue. The organization holds $4K in liabilities against $5.2M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $5.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $166K | $421K | $5.2M | $4K | — | View 990 |
| 2022 | $177K | $531K | $5.5M | $6K | — | — |
| 2021 | $988K | $327K | $5.8M | $12K | — | View 990 |
| 2020 | $25K | $174K | $1.4M | $1K | — | — |
| 2019 | $46K | $163K | $1.5M | $1K | — | View 990 |
| 2015 | $77K | $129K | $1.0M | $1 | — | View 990 |
| 2014 | $86K | $181K | $1.1M | $0 | — | View 990 |
| 2013 | $116K | $146K | $1.2M | $0 | — | View 990 |
| 2012 | $48K | $153K | $1.2M | $1 | — | View 990 |
| 2011 | $45K | $166K | $1.3M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $166K, expenses of $421K, and assets of $5.2M (revenue -6.5% year-over-year).
- 2022: Revenue of $177K, expenses of $531K, and assets of $5.5M (revenue -82.0% year-over-year).
- 2021: Revenue of $988K, expenses of $327K, and assets of $5.8M (revenue +3916.6% year-over-year).
- 2020: Revenue of $25K, expenses of $174K, and assets of $1.4M (revenue -46.3% year-over-year).
- 2019: Revenue of $46K, expenses of $163K, and assets of $1.5M (revenue -40.7% year-over-year).
- 2015: Revenue of $77K, expenses of $129K, and assets of $1.0M (revenue -10.2% year-over-year).
- 2014: Revenue of $86K, expenses of $181K, and assets of $1.1M (revenue -25.9% year-over-year).
- 2013: Revenue of $116K, expenses of $146K, and assets of $1.2M (revenue +139.5% year-over-year).
- 2012: Revenue of $48K, expenses of $153K, and assets of $1.2M (revenue +7.9% year-over-year).
- 2011: Revenue of $45K, expenses of $166K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Terasem Movement Foundation Inc:
Data Sources and Methodology
This transparency report for Terasem Movement 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.