Terra Foundation Inc
Terra Foundation Inc: Strong Financials, Low Overhead
EIN: 222982226 · Lafayette, CO · NTEE: T12 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $6.8M |
| Total Expenses | $72K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $2.1M |
| Transparency Score | 85/100 |
Is Terra Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Terra Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Terra Foundation Inc
Terra Foundation Inc (EIN: 222982226) is a nonprofit organization based in Lafayette, CO, classified under NTEE code T12. The organization reported total revenue of $6.8M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Terra Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Terra Foundation Inc is a mid-size nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -21.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $94K |
| Total Expenses | $72K |
| Surplus / Deficit | +$22K |
| Total Assets | $2.1M |
| Total Liabilities | $416 |
| Net Assets | $2.1M |
| Operating Margin | 23.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 343.0 months |
Financial Health Grade: A
In 2023, Terra Foundation Inc reported a surplus of $22K with revenue exceeding expenses, holds 343.0 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), Terra Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -21.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -111.7% | -31.3% | -4.2% |
| 2020 | -321.3% | -52.4% | -44.4% |
| 2019 | -37.7% | -96.2% | -45.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Terra 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Terra Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $22K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or externally funded leadership structure.
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.
Strengths
The following positive indicators were identified for Terra Foundation Inc:
- Consistently low administrative and fundraising expenses, indicating efficient use of funds.
- Strong asset base, with assets consistently over $2 million in recent years.
- Positive revenue trends in recent years, recovering from a significant loss in 2020.
- Zero reported executive compensation suggests a highly dedicated and potentially volunteer-driven leadership.
Frequently Asked Questions about Terra Foundation Inc
Is Terra Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Terra Foundation Inc (EIN: 222982226) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Terra Foundation Inc spend its money?
Terra Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Terra Foundation Inc tax-deductible?
Terra Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222982226). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Terra Foundation Inc CEO make?
Terra Foundation Inc's highest-compensated officer earns $0 annually. The organization reported $6.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Terra Foundation Inc's spending goes to programs?
Terra Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Terra Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Terra Foundation Inc is above average for NTEE category T12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Terra Foundation Inc located?
Terra Foundation Inc is headquartered in Lafayette, Colorado and files with the IRS under EIN 222982226. It is classified under NTEE code T12.
How many years of IRS 990 filings does Terra Foundation Inc have?
Terra 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 $6.8M in total revenue.
What does Terra Foundation Inc do?
Terra Foundation Inc is a nonprofit organization in the Philanthropy, Voluntarism & Grantmaking sector, located in Lafayette, Colorado. It is classified under NTEE code T12.
How much revenue does Terra Foundation Inc have?
Terra Foundation Inc reported total revenue of $6,762,445. Based on 10 IRS 990 filings on record.
What are Terra Foundation Inc's total assets?
Terra Foundation Inc holds total assets of $2,164,166 as reported in IRS 990 filings.
Where is Terra Foundation Inc located?
Terra Foundation Inc is based in Lafayette, Colorado.
What is Terra Foundation Inc's EIN?
Terra Foundation Inc's Employer Identification Number (EIN) is 222982226. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Terra Foundation Inc?
Terra Foundation Inc is classified under NTEE code T12 (Philanthropy, Voluntarism & Grantmaking).
Is Terra Foundation Inc a registered 501(c)(3)?
Yes, Terra Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222982226.
Does Terra Foundation Inc file IRS Form 990?
Yes, Terra Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Terra Foundation Inc's revenue in 2023?
In the 202312 filing period, Terra Foundation Inc reported total revenue of $93,618, total expenses of $72,013, and net assets of $2,058,267.
Is Terra Foundation Inc's revenue growing or declining?
Terra Foundation Inc's revenue is relatively stable. Revenue went from $-49,733 (202212) to $93,618 (202312), a 0.0% change. Based on 10 filings on record.
What is Terra Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Terra Foundation Inc covers tax period 202312. It shows revenue of $93,618, expenses of $72,013, total assets of $2,058,267, and liabilities of $416.
How much does Terra Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Terra Foundation Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Terra Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Terra Foundation Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Terra Foundation Inc's strengths?
Positive indicators for Terra Foundation Inc include: Consistently low administrative and fundraising expenses, indicating efficient use of funds.. Strong asset base, with assets consistently over $2 million in recent years.. Positive revenue trends in recent years, recovering from a significant loss in 2020.. Zero reported executive compensation suggests a highly dedicated and potentially volunteer-driven leadership.. These findings are derived from AI analysis of the organization's financial filings.
How does Terra Foundation Inc compensate executives?
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or externally funded leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 executive compensation, how does Terra Foundation Inc. attract and retain leadership for its operations?
The consistent $0 executive compensation suggests that leadership roles may be filled by volunteers, individuals compensated through other entities, or that the organization's operational model relies heavily on pro bono contributions or a very lean, non-salaried leadership structure. Further investigation into their operational model and staffing would be required to fully understand this.
Filing History
IRS 990 filing history for Terra Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Terra Foundation Inc's revenue has declined by 94.9%, moving from $1.8M to $94K. Total assets decreased by 72.9% over the same period, from $7.6M to $2.1M. Total functional expenses fell by 81.4%, from $388K to $72K. In its most recent filing year (2023), Terra Foundation Inc reported a surplus of $22K, with revenue exceeding expenses. The organization holds $416 in liabilities against $2.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $94K | $72K | $2.1M | $416 | — | View 990 |
| 2022 | $-49,733 | $39K | $2.0M | $441 | — | View 990 |
| 2021 | $426K | $56K | $2.1M | $449 | — | View 990 |
| 2020 | $-1,286,412 | $113K | $1.8M | $552 | — | — |
| 2019 | $581K | $237K | $3.2M | $983 | — | View 990 |
| 2015 | $933K | $6.3M | $5.8M | $2.2M | — | View 990 |
| 2014 | $967K | $592K | $9.9M | $984K | — | View 990 |
| 2013 | $1.0M | $505K | $9.0M | $445K | — | View 990 |
| 2012 | $829K | $389K | $8.0M | $3K | — | View 990 |
| 2011 | $1.8M | $388K | $7.6M | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $94K, expenses of $72K, and assets of $2.1M.
- 2022: Revenue of $-49,733, expenses of $39K, and assets of $2.0M (revenue -111.7% year-over-year).
- 2021: Revenue of $426K, expenses of $56K, and assets of $2.1M.
- 2020: Revenue of $-1,286,412, expenses of $113K, and assets of $1.8M (revenue -321.3% year-over-year).
- 2019: Revenue of $581K, expenses of $237K, and assets of $3.2M (revenue -37.7% year-over-year).
- 2015: Revenue of $933K, expenses of $6.3M, and assets of $5.8M (revenue -3.5% year-over-year).
- 2014: Revenue of $967K, expenses of $592K, and assets of $9.9M (revenue -6.8% year-over-year).
- 2013: Revenue of $1.0M, expenses of $505K, and assets of $9.0M (revenue +25.3% year-over-year).
- 2012: Revenue of $829K, expenses of $389K, and assets of $8.0M (revenue -54.4% year-over-year).
- 2011: Revenue of $1.8M, expenses of $388K, and assets of $7.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Terra Foundation Inc:
Data Sources and Methodology
This transparency report for Terra 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.