V J Wilkins Foundation

V J Wilkins Foundation maintains strong assets and zero executive compensation amidst fluctuating revenues.

EIN: 203225892 · Arkansas City, KS · NTEE: T20 · Updated: 2026-03-28

$3.0MRevenue

$8.4MAssets

95/100Mission Score (Excellent)

T20

About V J Wilkins Foundation

V J Wilkins Foundation (EIN: 203225892) is a nonprofit organization based in Arkansas City, KS, classified under NTEE code T20. The organization reported total revenue of $3.0M and total assets of $8.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of V J Wilkins Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The V J Wilkins Foundation demonstrates a consistent commitment to its programmatic mission, as evidenced by its financial filings. Over the past five years, the foundation has maintained a healthy asset base, with assets consistently above $7.7 million, peaking at $8,591,892 in 2021. While revenue has fluctuated significantly, including negative revenue in 2022 and 2015, the foundation has managed its expenses, which have remained relatively stable, averaging around $540,000 annually in recent years. This stability in expenses, coupled with zero reported officer compensation across all available filings, suggests a lean operational structure and a strong focus on deploying resources towards its charitable purpose.

The foundation's spending efficiency appears high, particularly given the absence of executive compensation, which often consumes a significant portion of a nonprofit's budget. The consistent reporting of minimal liabilities ($1 across most filings) indicates sound financial management and a low-risk profile. The NTEE code T20, which typically refers to grantmaking foundations, aligns with the observed financial patterns of a foundation primarily distributing funds rather than directly operating programs. The transparency is excellent, with consistent filings and clear financial indicators.

Overall, the V J Wilkins Foundation appears to be a financially sound and efficiently managed grantmaking organization. Its consistent asset base, stable expense levels, and lack of executive compensation point to a strong dedication to its mission. The fluctuations in revenue are not uncommon for foundations relying on investment returns or large, infrequent donations, and the foundation has demonstrated its ability to manage these variations while maintaining its operational capacity.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates V J Wilkins Foundation with a Mission Score of 95 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: 95%
fundraising: 0%

According to IRS 990 filings, V J Wilkins Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The V J Wilkins Foundation reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its executives. This is highly unusual and suggests a volunteer-led or extremely lean operational model, allowing a greater proportion of funds to be directed towards its mission.

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 V J Wilkins Foundation's IRS 990 filings:

Significant revenue fluctuations, including negative revenue in some years (e.g., -$223,235 in 2022), which could indicate reliance on volatile investment income or specific large, infrequent donations.

Strengths

The following positive indicators were identified for V J Wilkins Foundation:

Zero reported officer compensation across all filings, indicating extremely high operational efficiency and direct application of funds to mission.
Strong and consistent asset base, with assets over $7.8 million in 2023, providing long-term financial stability.
Minimal liabilities ($1 reported in most recent filings), demonstrating sound financial management and low financial risk.
Consistent filing history (10 filings), indicating good transparency and compliance with IRS regulations.
Stable expense levels despite revenue fluctuations, suggesting effective budget management.

Frequently Asked Questions about V J Wilkins Foundation

Is the V J Wilkins Foundation a good charity?

Based on the available IRS 990 data, the V J Wilkins Foundation appears to be a very good charity. It maintains a strong asset base (over $7.8 million in 2023), has consistently low liabilities ($1), and reports 0% officer compensation, indicating high efficiency and a strong focus on its mission.

How does the foundation manage its expenses?

The foundation manages its expenses very efficiently. Annual expenses have been stable, averaging around $540,000 in recent years, despite fluctuating revenues. The absence of executive compensation significantly contributes to this efficiency.

What is the financial stability of the V J Wilkins Foundation?

The V J Wilkins Foundation demonstrates strong financial stability. It consistently holds substantial assets (e.g., $7,829,716 in 2023) and reports minimal liabilities ($1), indicating a healthy balance sheet and robust financial health.

Filing History

IRS 990 filing history for V J Wilkins Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), V J Wilkins Foundation's revenue has grown by 49649100%, moving from $1 to $496K. Total assets increased by 782971500% over the same period, from $1 to $7.8M. In its most recent filing year (2023), V J Wilkins Foundation reported a deficit of $45K, with expenses exceeding revenue. The organization holds $1 in liabilities against $7.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$496K	$541K	$7.8M	$1	—	View 990
2022	$-223,235	$523K	$7.8M	$1	—	View 990
2021	$1.4M	$562K	$8.6M	$1	—	—
2020	$493K	$488K	$7.7M	$1	—	—
2019	$868K	$602K	$7.7M	$1	—	View 990
2015	$-318,134	$479K	$7.7M	$1	—	View 990
2014	$1.1M	$514K	$8.5M	$1	—	View 990
2013	$1	$0	$1	$1	—	View 990
2012	$1	$0	$1	$1	—	View 990
2011	$1	$0	$1	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $496K, expenses of $541K, and assets of $7.8M.
2022: Revenue of $-223,235, expenses of $523K, and assets of $7.8M (revenue -115.5% year-over-year).
2021: Revenue of $1.4M, expenses of $562K, and assets of $8.6M (revenue +192.9% year-over-year).
2020: Revenue of $493K, expenses of $488K, and assets of $7.7M (revenue -43.3% year-over-year).
2019: Revenue of $868K, expenses of $602K, and assets of $7.7M.
2015: Revenue of $-318,134, expenses of $479K, and assets of $7.7M (revenue -130.1% year-over-year).
2014: Revenue of $1.1M, expenses of $514K, and assets of $8.5M (revenue +105537800.0% year-over-year).
2013: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
2012: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
2011: Revenue of $1, expenses of $0, and assets of $1.

Data Sources and Methodology

This transparency report for V J Wilkins Foundation 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.