University Foundation For Educationand Research Inc
University Foundation For Educationand Research Inc consistently reports minimal expenses relative to revenue and assets, primarily accumulating wealth.
EIN: 205973618 · Tampa, FL · NTEE: H99 · Updated: 2026-03-28
Is University Foundation For Educationand Research Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
University Foundation For Educationand Research Inc directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About University Foundation For Educationand Research Inc
University Foundation For Educationand Research Inc (EIN: 205973618) is a nonprofit organization based in Tampa, FL, classified under NTEE code H99. The organization reported total revenue of $2.3M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of University Foundation For Educationand Research Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
University Foundation For Educationand Research Inc is a mid-size nonprofit that has been operating for 8 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $38K |
| Total Expenses | $1K |
| Surplus / Deficit | +$36K |
| Total Assets | $1.6M |
| Total Liabilities | $9K |
| Net Assets | $1.6M |
| Operating Margin | 96.9% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 16581.9 months |
Financial Health Grade: A
In 2023, University Foundation For Educationand Research Inc reported a surplus of $36K with revenue exceeding expenses, holds 16581.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), University Foundation For Educationand Research Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -79.3% | -93.9% | +2.3% |
| 2022 | +660.5% | +2249.8% | +11.9% |
| 2021 | -93.9% | -70.4% | +1.6% |
| 2020 | +1816.0% | -91.4% | +38.3% |
| 2019 | +46.5% | +3717.1% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
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 University Foundation For Educationand Research Inc with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 40%
- programs: 50%
- fundraising: 10%
According to IRS 990 filings, University Foundation For Educationand Research Inc allocates its expenses as follows: admin: 40%, programs: 50%, fundraising: 10%. Approximately 50% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $36K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization operates without paid officers or that compensation is covered by an external entity, which is highly unusual for an organization with over $1.6 million in 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 University Foundation For Educationand Research Inc's IRS 990 filings:
- Extremely low expenses relative to revenue and assets, raising questions about program activity (e.g., $1,182 expenses on $37,555 revenue in 2023).
- Significant asset accumulation without corresponding increase in charitable spending.
- Lack of clarity on how accumulated assets are being used to further the mission.
- Consistent 0% officer compensation for an organization with substantial assets, which can sometimes indicate undisclosed compensation or reliance on external support.
Strengths
The following positive indicators were identified for University Foundation For Educationand Research Inc:
- Consistent asset growth, indicating financial stability and strong asset management.
- Very low liabilities across all periods, suggesting sound financial management of debt.
- Reported 0% officer compensation, indicating minimal direct administrative salary overhead.
Frequently Asked Questions about University Foundation For Educationand Research Inc
Is University Foundation For Educationand Research Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, University Foundation For Educationand Research Inc (EIN: 205973618) significant concerns. Mission Score: 30/100. 4 red flags identified, 3 strengths noted.
How does University Foundation For Educationand Research Inc spend its money?
University Foundation For Educationand Research Inc directs 50% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to University Foundation For Educationand Research Inc tax-deductible?
University Foundation For Educationand Research Inc is registered as a tax-exempt nonprofit (EIN: 205973618). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What specific programs or activities does the University Foundation For Educationand Research Inc undertake with such minimal expenses?
The provided data shows extremely low expenses (e.g., $1,182 in 2023 against $37,555 revenue), making it unclear what significant programmatic activities are being funded. The organization appears to be primarily an asset holder rather than an active program implementer.
How does the organization plan to utilize its growing asset base of over $1.6 million if expenses remain so low?
The consistent accumulation of assets (from $1,042,867 in 2014 to $1,633,322 in 2023) with minimal corresponding expenses suggests a long-term endowment strategy, but the specific plans for deploying these funds for its mission are not evident from the financial data.
Is the organization primarily a pass-through entity or a grant-making foundation, given its low operational expenses?
The financial data alone does not clarify if it's a pass-through entity or a grant-maker. Its low expenses and asset accumulation could align with a foundation model, but without details on grants made or recipients, this remains an open question.
Filing History
IRS 990 filing history for University Foundation For Educationand Research Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), University Foundation For Educationand Research Inc's revenue has declined by 76.6%, moving from $161K to $38K. Total assets increased by 213.6% over the same period, from $521K to $1.6M. Total functional expenses fell by 99.2%, from $153K to $1K. In its most recent filing year (2023), University Foundation For Educationand Research Inc reported a surplus of $36K, with revenue exceeding expenses. The organization holds $9K in liabilities against $1.6M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $38K | $1K | $1.6M | $9K | — | — |
| 2022 | $181K | $19K | $1.6M | $8K | — | View 990 |
| 2021 | $24K | $821 | $1.4M | $0 | — | — |
| 2020 | $392K | $3K | $1.4M | $307 | — | View 990 |
| 2019 | $20K | $32K | $1.0M | $246 | — | View 990 |
| 2018 | $14K | $841 | $1.0M | $185 | — | View 990 |
| 2017 | $7K | $396 | $1.0M | $122 | — | View 990 |
| 2016 | $4K | $39K | $1.0M | $0 | — | View 990 |
| 2015 | $2K | $4K | $1.0M | $0 | — | View 990 |
| 2014 | $886 | $24K | $1.0M | $0 | — | View 990 |
| 2013 | $17K | $61K | $1.1M | $0 | — | View 990 |
| 2012 | $806K | $217K | $1.1M | $0 | — | View 990 |
| 2011 | $161K | $153K | $521K | $139 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $38K, expenses of $1K, and assets of $1.6M (revenue -79.3% year-over-year).
- 2022: Revenue of $181K, expenses of $19K, and assets of $1.6M (revenue +660.5% year-over-year).
- 2021: Revenue of $24K, expenses of $821, and assets of $1.4M (revenue -93.9% year-over-year).
- 2020: Revenue of $392K, expenses of $3K, and assets of $1.4M (revenue +1816.0% year-over-year).
- 2019: Revenue of $20K, expenses of $32K, and assets of $1.0M (revenue +46.5% year-over-year).
- 2018: Revenue of $14K, expenses of $841, and assets of $1.0M (revenue +95.0% year-over-year).
- 2017: Revenue of $7K, expenses of $396, and assets of $1.0M (revenue +93.7% year-over-year).
- 2016: Revenue of $4K, expenses of $39K, and assets of $1.0M (revenue +65.5% year-over-year).
- 2015: Revenue of $2K, expenses of $4K, and assets of $1.0M (revenue +152.0% year-over-year).
- 2014: Revenue of $886, expenses of $24K, and assets of $1.0M (revenue -94.8% year-over-year).
- 2013: Revenue of $17K, expenses of $61K, and assets of $1.1M (revenue -97.9% year-over-year).
- 2012: Revenue of $806K, expenses of $217K, and assets of $1.1M (revenue +401.4% year-over-year).
- 2011: Revenue of $161K, expenses of $153K, and assets of $521K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for University Foundation For Educationand Research Inc:
Data Sources and Methodology
This transparency report for University Foundation For Educationand Research 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.