Terpstra Foundation
Terpstra Foundation faces significant asset depletion and consistent operating deficits over the last decade.
EIN: 205819398 · Lincoln, NE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $154K |
| Total Expenses | $233K |
| Program Spending | 70% |
| Net Assets | $13K |
| Transparency Score | 45/100 |
Is Terpstra Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Terpstra Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Terpstra Foundation
Terpstra Foundation (EIN: 205819398) is a nonprofit organization based in Lincoln, NE, classified under NTEE code T20. The organization reported total revenue of $154K and total assets of $149K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Terpstra Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Terpstra Foundation is a small nonprofit that has been operating for 19 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 | $71K |
| Total Expenses | $233K |
| Surplus / Deficit | $-162,680 |
| Total Assets | $13K |
| Total Liabilities | $458 |
| Net Assets | $13K |
| Operating Margin | -230.4% |
| Debt-to-Asset Ratio | 3.5% |
| Months of Reserves | 0.7 months |
Financial Health Grade: C
In 2023, Terpstra Foundation reported a deficit of $163K with expenses exceeding revenue, holds 0.7 months of operating reserves (limited), has a debt-to-asset ratio of 3.5% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -33.6% | +172.3% | -92.5% |
| 2022 | +177.3% | -21.5% | +13.2% |
| 2021 | +151.1% | -11.1% | -31.3% |
| 2020 | +50.7% | -35.8% | -59.6% |
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 Terpstra Foundation with a Mission Score of 45 out of 100 (Fair). 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, Terpstra Foundation 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 $163K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.5%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers received compensation, which is a positive sign for a foundation of its size with declining assets.
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 Terpstra Foundation's IRS 990 filings:
- Consistent operating deficits, with expenses frequently exceeding revenue (e.g., 2023: $233,291 expenses vs. $70,611 revenue).
- Dramatic decline in assets from $1,181,400 in 2011 to $13,166 in 2023, indicating unsustainable spending.
- Negative revenue reported in some years (e.g., $-2,750 in 2015 and $-8,175 in 2011), which could indicate investment losses or unusual accounting.
Strengths
The following positive indicators were identified for Terpstra Foundation:
- Consistent reporting of 0% officer compensation, indicating no executive salaries are paid from the organization's funds.
- Long filing history (10 filings), suggesting a commitment to IRS compliance, despite financial challenges.
Frequently Asked Questions about Terpstra Foundation
Is Terpstra Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Terpstra Foundation (EIN: 205819398) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Terpstra Foundation spend its money?
Terpstra Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Terpstra Foundation tax-deductible?
Terpstra Foundation is registered as a tax-exempt nonprofit (EIN: 205819398). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Terpstra Foundation's spending goes to programs?
Terpstra Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Terpstra Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Terpstra Foundation is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Terpstra Foundation located?
Terpstra Foundation is headquartered in Lincoln, Nebraska and files with the IRS under EIN 205819398. It is classified under NTEE code T20.
How many years of IRS 990 filings does Terpstra Foundation have?
Terpstra 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 $154K in total revenue.
Is Terpstra Foundation a good charity?
Based on the financial data, the Terpstra Foundation shows significant financial instability with consistent operating deficits and a drastic decline in assets from over $1.1 million to $13,166. While officer compensation is 0%, the long-term financial viability and impact are questionable given these trends.
Why have the assets declined so dramatically?
The assets have declined from $1,181,400 in 2011 to $13,166 in 2023 primarily because expenses have frequently exceeded revenue. For example, in 2023, expenses were $233,291 while revenue was only $70,611, leading to a substantial draw on existing assets.
What is the organization's primary source of revenue?
The filings do not specify the primary source of revenue beyond the total revenue figures. Given its NTEE code T20 (Private Grantmaking Foundations), it likely relies on investment income, contributions, or grants from other entities, but this is not detailed in the provided data.
Filing History
IRS 990 filing history for Terpstra Foundation showing financial trends over 10 years of public records:
Total assets decreased by 98.9% over the same period, from $1.2M to $13K. Total functional expenses rose by 252.4%, from $66K to $233K. In its most recent filing year (2023), Terpstra Foundation reported a deficit of $163K, with expenses exceeding revenue. The organization holds $458 in liabilities against $13K in assets (debt-to-asset ratio: 3.5%), resulting in net assets of $13K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $71K | $233K | $13K | $458 | — | View 990 |
| 2022 | $106K | $86K | $176K | $305 | — | View 990 |
| 2021 | $38K | $109K | $155K | $510 | — | — |
| 2020 | $15K | $123K | $226K | $510 | — | — |
| 2019 | $10K | $191K | $560K | $510 | — | View 990 |
| 2015 | $-2,750 | $65K | $863K | $387 | — | View 990 |
| 2014 | $24K | $65K | $928K | $386 | — | View 990 |
| 2013 | $13K | $197K | $969K | $386 | — | View 990 |
| 2012 | $23K | $51K | $1.2M | $333 | — | View 990 |
| 2011 | $-8,175 | $66K | $1.2M | $334 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $71K, expenses of $233K, and assets of $13K (revenue -33.6% year-over-year).
- 2022: Revenue of $106K, expenses of $86K, and assets of $176K (revenue +177.3% year-over-year).
- 2021: Revenue of $38K, expenses of $109K, and assets of $155K (revenue +151.1% year-over-year).
- 2020: Revenue of $15K, expenses of $123K, and assets of $226K (revenue +50.7% year-over-year).
- 2019: Revenue of $10K, expenses of $191K, and assets of $560K.
- 2015: Revenue of $-2,750, expenses of $65K, and assets of $863K (revenue -111.2% year-over-year).
- 2014: Revenue of $24K, expenses of $65K, and assets of $928K (revenue +87.4% year-over-year).
- 2013: Revenue of $13K, expenses of $197K, and assets of $969K (revenue -42.4% year-over-year).
- 2012: Revenue of $23K, expenses of $51K, and assets of $1.2M.
- 2011: Revenue of $-8,175, expenses of $66K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Terpstra Foundation:
Data Sources and Methodology
This transparency report for Terpstra 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.