The Natembea Foundation Inc
Natembea Foundation maintains stable assets with volunteer leadership, but revenue often lags expenses.
EIN: 203448030 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $371K |
| Program Spending | 85% |
| Net Assets | $5.0M |
| Transparency Score | 85/100 |
Is The Natembea 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 Natembea Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Natembea Foundation Inc
The Natembea Foundation Inc (EIN: 203448030) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $2.5M and total assets of $5.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Natembea Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Natembea Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $455K |
| Total Expenses | $371K |
| Surplus / Deficit | +$84K |
| Total Assets | $5.0M |
| Total Liabilities | $1 |
| Net Assets | $5.0M |
| Operating Margin | 18.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 162.9 months |
Financial Health Grade: A
In 2023, The Natembea Foundation Inc reported a surplus of $84K with revenue exceeding expenses, holds 162.9 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 Natembea Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +199.4% | +14.1% | +1.7% |
| 2022 | -64.1% | +17.1% | -3.4% |
| 2021 | +11.3% | -56.4% | +2.9% |
| 2020 | -10.8% | +130.2% | -4.9% |
| 2019 | -21.3% | -49.7% | +6.2% |
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 The Natembea 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 Natembea 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 $84K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Natembea Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based. This is highly commendable and suggests that all funds are directed towards the organization's mission and operational costs, rather than executive salaries.
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 Natembea Foundation Inc's IRS 990 filings:
- Inconsistent revenue generation relative to expenses, with several years showing expenses significantly exceeding revenue (e.g., 2022, 2020, 2013).
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, limiting full spending efficiency analysis.
Strengths
The following positive indicators were identified for The Natembea Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Stable asset base of approximately $5 million, providing financial resilience.
- Extremely low liabilities, often reported as $1, indicating a healthy balance sheet and minimal debt burden.
- Long filing history (10 filings), suggesting consistent operation and compliance.
Frequently Asked Questions about The Natembea Foundation Inc
Is The Natembea Foundation Inc a legitimate charity?
The Natembea Foundation Inc (EIN: 203448030) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.5M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does The Natembea Foundation Inc spend its money?
The Natembea Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Natembea Foundation Inc tax-deductible?
The Natembea Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203448030). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Natembea Foundation Inc's spending goes to programs?
The Natembea Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Natembea Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Natembea 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 Natembea Foundation Inc located?
The Natembea Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 203448030. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Natembea Foundation Inc have?
The Natembea 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 $2.5M in total revenue.
How does The Natembea Foundation Inc cover its expenses when revenue is lower, such as in 2022 ($152,147 revenue vs. $325,513 expenses)?
The organization likely draws from its substantial asset base, which has consistently been around $5 million, to cover operational shortfalls when annual expenses exceed revenue.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, which would require reviewing the full IRS 990 forms.
What is the nature of the $1 liability consistently reported in recent years?
A $1 liability is a nominal amount and typically indicates either a minor accounting entry or a placeholder, effectively meaning the organization has no significant outstanding debt or financial obligations.
Filing History
IRS 990 filing history for The Natembea Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Natembea Foundation Inc's revenue has grown by 211.7%, moving from $146K to $455K. Total assets decreased by 9.3% over the same period, from $5.6M to $5.0M. Total functional expenses rose by 8.5%, from $342K to $371K. In its most recent filing year (2023), The Natembea Foundation Inc reported a surplus of $84K, with revenue exceeding expenses. The organization holds $1 in liabilities against $5.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $455K | $371K | $5.0M | $1 | — | — |
| 2022 | $152K | $326K | $5.0M | $1 | — | — |
| 2021 | $424K | $278K | $5.1M | $1 | — | View 990 |
| 2020 | $381K | $638K | $5.0M | $1 | — | View 990 |
| 2019 | $427K | $277K | $5.2M | $1 | — | View 990 |
| 2015 | $542K | $552K | $4.9M | $0 | — | View 990 |
| 2014 | $317K | $162K | $4.9M | $0 | — | View 990 |
| 2013 | $554K | $1.2M | $4.8M | $0 | — | View 990 |
| 2012 | $215K | $337K | $5.4M | $0 | — | View 990 |
| 2011 | $146K | $342K | $5.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $455K, expenses of $371K, and assets of $5.0M (revenue +199.4% year-over-year).
- 2022: Revenue of $152K, expenses of $326K, and assets of $5.0M (revenue -64.1% year-over-year).
- 2021: Revenue of $424K, expenses of $278K, and assets of $5.1M (revenue +11.3% year-over-year).
- 2020: Revenue of $381K, expenses of $638K, and assets of $5.0M (revenue -10.8% year-over-year).
- 2019: Revenue of $427K, expenses of $277K, and assets of $5.2M (revenue -21.3% year-over-year).
- 2015: Revenue of $542K, expenses of $552K, and assets of $4.9M (revenue +71.2% year-over-year).
- 2014: Revenue of $317K, expenses of $162K, and assets of $4.9M (revenue -42.8% year-over-year).
- 2013: Revenue of $554K, expenses of $1.2M, and assets of $4.8M (revenue +157.5% year-over-year).
- 2012: Revenue of $215K, expenses of $337K, and assets of $5.4M (revenue +47.2% year-over-year).
- 2011: Revenue of $146K, expenses of $342K, and assets of $5.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Natembea Foundation Inc:
Data Sources and Methodology
This transparency report for The Natembea 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.