The Nick Harroz Jr Family Fdn
The Nick Harroz Jr Family Fdn experienced fluctuating revenues and expenses, with a significant deficit in 2015 and declining assets.
EIN: 201943311 · Edmond, OK · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $223K |
| Program Spending | 80% |
| Net Assets | $265K |
| Transparency Score | 65/100 |
Is The Nick Harroz Jr Family Fdn Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Nick Harroz Jr Family Fdn directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Nick Harroz Jr Family Fdn
The Nick Harroz Jr Family Fdn (EIN: 201943311) is a nonprofit organization based in Edmond, OK. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Nick Harroz Jr Family Fdn's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Nick Harroz Jr Family Fdn is a micro nonprofit, with 4 years of IRS 990 filings on record (2012–2015). Revenue has grown at a compound annual rate of 120.6%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $52K |
| Total Expenses | $223K |
| Surplus / Deficit | $-170,854 |
| Total Assets | $265K |
| Total Liabilities | $1 |
| Net Assets | $265K |
| Operating Margin | -330.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 14.3 months |
Financial Health Grade: B
In 2015, The Nick Harroz Jr Family Fdn reported a deficit of $171K with expenses exceeding revenue, holds 14.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 4 years of filings (2012–2015), The Nick Harroz Jr Family Fdn's revenue has grown at a compound annual growth rate (CAGR) of 120.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +200.5% | +2749.8% | -39.2% |
| 2014 | -8.1% | -71.8% | +2.2% |
| 2013 | +288.9% | +1110.0% | -2.1% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Nick Harroz Jr Family Fdn 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The Nick Harroz Jr Family Fdn allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $171K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that no salaries were paid to officers, which is common for smaller family foundations or those relying on volunteer leadership.
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 Nick Harroz Jr Family Fdn's IRS 990 filings:
- Significant deficit in 2015 (Expenses of $222,510 vs. Revenue of $51,656)
- Declining asset base from $435,168 in 2012 to $264,735 in 2015
- Lack of detailed expense breakdown in summary data to assess spending efficiency fully
Strengths
The following positive indicators were identified for The Nick Harroz Jr Family Fdn:
- No reported officer compensation, suggesting low administrative overhead in terms of salaries
- Consistent filing of IRS 990 forms, indicating compliance and transparency in reporting
Frequently Asked Questions about The Nick Harroz Jr Family Fdn
Is The Nick Harroz Jr Family Fdn a legitimate charity?
The Nick Harroz Jr Family Fdn (EIN: 201943311) is a registered tax-exempt nonprofit based in Oklahoma. Our AI analysis gives it a Mission Score of 65/100. It has 4 years of IRS 990 filings on record. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does The Nick Harroz Jr Family Fdn spend its money?
The Nick Harroz Jr Family Fdn directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Nick Harroz Jr Family Fdn tax-deductible?
The Nick Harroz Jr Family Fdn is registered as a tax-exempt nonprofit (EIN: 201943311). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Nick Harroz Jr Family Fdn's spending goes to programs?
The Nick Harroz Jr Family Fdn directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The Nick Harroz Jr Family Fdn located?
The Nick Harroz Jr Family Fdn is headquartered in Edmond, Oklahoma and files with the IRS under EIN 201943311.
How many years of IRS 990 filings does The Nick Harroz Jr Family Fdn have?
The Nick Harroz Jr Family Fdn has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
What are the primary programs or grants funded by The Nick Harroz Jr Family Fdn?
The provided IRS 990 data does not detail specific programs or grants. Further investigation into the full 990 forms would be necessary to understand the foundation's programmatic activities.
Why did the foundation experience a significant deficit in 2015?
In 2015, the foundation reported $51,656 in revenue against $222,510 in expenses. Without a detailed breakdown of these expenses, it's difficult to pinpoint the exact reasons for this substantial deficit, but it could be due to a large grant payout or investment losses.
What caused the decline in assets from 2012 to 2015?
The foundation's assets decreased from $435,168 in 2012 to $264,735 in 2015. This decline could be attributed to the net negative financial performance in certain years (like 2015), investment losses, or significant distributions that exceeded income.
Filing History
IRS 990 filing history for The Nick Harroz Jr Family Fdn showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2012–2015), The Nick Harroz Jr Family Fdn's revenue has grown by 973.5%, moving from $5K to $52K. Total assets decreased by 39.2% over the same period, from $435K to $265K. Total functional expenses rose by 9629.3%, from $2K to $223K. In its most recent filing year (2015), The Nick Harroz Jr Family Fdn reported a deficit of $171K, with expenses exceeding revenue. The organization holds $1 in liabilities against $265K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $265K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $52K | $223K | $265K | $1 | — | View 990 |
| 2014 | $17K | $8K | $436K | $0 | — | View 990 |
| 2013 | $19K | $28K | $426K | $0 | — | View 990 |
| 2012 | $5K | $2K | $435K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $52K, expenses of $223K, and assets of $265K (revenue +200.5% year-over-year).
- 2014: Revenue of $17K, expenses of $8K, and assets of $436K (revenue -8.1% year-over-year).
- 2013: Revenue of $19K, expenses of $28K, and assets of $426K (revenue +288.9% year-over-year).
- 2012: Revenue of $5K, expenses of $2K, and assets of $435K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Nick Harroz Jr Family Fdn:
Data Sources and Methodology
This transparency report for The Nick Harroz Jr Family Fdn 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.