The Chief Foundation Inc
The Chief Foundation Inc consistently grows assets with zero reported officer compensation.
EIN: 204896971 · Grand Island, NE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $126K |
| Program Spending | 85% |
| Net Assets | $2.3M |
| Transparency Score | 85/100 |
Is The Chief Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Chief Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Chief Foundation Inc
The Chief Foundation Inc (EIN: 204896971) is a nonprofit organization based in Grand Island, NE, classified under NTEE code T20. The organization reported total revenue of $2.9M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Chief Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Chief Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 35.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $488K |
| Total Expenses | $126K |
| Surplus / Deficit | +$362K |
| Total Assets | $2.3M |
| Total Liabilities | $1 |
| Net Assets | $2.3M |
| Operating Margin | 74.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 222.3 months |
Financial Health Grade: A
In 2023, The Chief Foundation Inc reported a surplus of $362K with revenue exceeding expenses, holds 222.3 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), The Chief Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 35.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.8% | +42.1% | +37.3% |
| 2022 | +268.0% | +9.0% | +5.3% |
| 2021 | +152.8% | +16.2% | +5.7% |
| 2020 | -0.7% | +10.5% | +9.2% |
| 2019 | -75.6% | -26.9% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 The Chief 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, The Chief 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 $362K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Chief Foundation Inc consistently reports 0% officer compensation across all available filings, indicating a volunteer-led executive team or that executive roles are not compensated, which is highly favorable for donor perception and resource allocation.
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 The Chief Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in summary data, hindering full efficiency analysis.
Strengths
The following positive indicators were identified for The Chief Foundation Inc:
- Consistent asset growth, from $749,377 in 2011 to $2,338,451 in 2023.
- Zero reported officer compensation across all filings, indicating efficient use of funds.
- Consistent revenue generation and positive net income in most years, contributing to financial stability.
- Low liabilities reported ($1 in recent years), indicating strong financial health.
Frequently Asked Questions about The Chief Foundation Inc
Is The Chief Foundation Inc a legitimate charity?
The Chief Foundation Inc (EIN: 204896971) is a registered tax-exempt nonprofit based in Nebraska. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.9M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does The Chief Foundation Inc spend its money?
The Chief Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Chief Foundation Inc tax-deductible?
The Chief Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204896971). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Chief Foundation Inc's spending goes to programs?
The Chief Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Chief Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Chief Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Chief Foundation Inc located?
The Chief Foundation Inc is headquartered in Grand Island, Nebraska and files with the IRS under EIN 204896971. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Chief Foundation Inc have?
The Chief 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 $2.9M in total revenue.
What are the specific program activities funded by The Chief Foundation Inc?
The provided data does not detail specific program activities, only total expenses. Further information from their full IRS 990 filing would be needed to understand their program focus.
How does The Chief Foundation Inc manage its significant asset growth and surpluses?
The organization consistently generates surpluses, contributing to asset growth from $749,377 in 2011 to $2,338,451 in 2023. The specific strategies for managing these assets and surpluses are not detailed in the provided summary data.
What is the breakdown of expenses into program, administrative, and fundraising categories?
The provided data only includes total expenses. A detailed breakdown into program, administrative, and fundraising expenses is necessary for a comprehensive spending efficiency analysis.
Filing History
IRS 990 filing history for The Chief Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Chief Foundation Inc's revenue has grown by 3880.9%, moving from $12K to $488K. Total assets increased by 212.1% over the same period, from $749K to $2.3M. Total functional expenses rose by 120.4%, from $57K to $126K. In its most recent filing year (2023), The Chief Foundation Inc reported a surplus of $362K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $488K | $126K | $2.3M | $1 | — | View 990 |
| 2022 | $453K | $89K | $1.7M | $1 | — | View 990 |
| 2021 | $123K | $82K | $1.6M | $1 | — | View 990 |
| 2020 | $49K | $70K | $1.5M | $1 | — | View 990 |
| 2019 | $49K | $63K | $1.4M | $0 | — | View 990 |
| 2015 | $200K | $87K | $1.4M | $0 | — | View 990 |
| 2014 | $415K | $49K | $1.3M | $0 | — | View 990 |
| 2013 | $85K | $51K | $972K | $0 | — | View 990 |
| 2012 | $22K | $19K | $838K | $0 | — | View 990 |
| 2011 | $12K | $57K | $749K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $488K, expenses of $126K, and assets of $2.3M (revenue +7.8% year-over-year).
- 2022: Revenue of $453K, expenses of $89K, and assets of $1.7M (revenue +268.0% year-over-year).
- 2021: Revenue of $123K, expenses of $82K, and assets of $1.6M (revenue +152.8% year-over-year).
- 2020: Revenue of $49K, expenses of $70K, and assets of $1.5M (revenue -0.7% year-over-year).
- 2019: Revenue of $49K, expenses of $63K, and assets of $1.4M (revenue -75.6% year-over-year).
- 2015: Revenue of $200K, expenses of $87K, and assets of $1.4M (revenue -51.7% year-over-year).
- 2014: Revenue of $415K, expenses of $49K, and assets of $1.3M (revenue +389.0% year-over-year).
- 2013: Revenue of $85K, expenses of $51K, and assets of $972K (revenue +280.7% year-over-year).
- 2012: Revenue of $22K, expenses of $19K, and assets of $838K (revenue +81.7% year-over-year).
- 2011: Revenue of $12K, expenses of $57K, and assets of $749K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Chief Foundation Inc:
Data Sources and Methodology
This transparency report for The Chief 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.