Vernon K Krieble Foundation Inc
Vernon K Krieble Foundation: Consistent Asset Base, Fluctuating Revenue
EIN: 222538914 · Worcester, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $637K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $15.4M |
| Transparency Score | 65/100 |
Is Vernon K Krieble Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vernon K Krieble Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vernon K Krieble Foundation Inc
Vernon K Krieble Foundation Inc (EIN: 222538914) is a nonprofit organization based in Worcester, MA. The organization reported total revenue of $4.0M and total assets of $17.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vernon K Krieble Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vernon K Krieble Foundation Inc is a mid-size nonprofit that has been operating for 42 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $297K |
| Total Expenses | $637K |
| Surplus / Deficit | $-339,906 |
| Total Assets | $15.4M |
| Total Liabilities | $15K |
| Net Assets | $15.4M |
| Operating Margin | -114.4% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 290.2 months |
Financial Health Grade: B
In 2023, Vernon K Krieble Foundation Inc reported a deficit of $340K with expenses exceeding revenue, holds 290.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Vernon K Krieble Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -121.9% | -20.8% | -23.9% |
| 2021 | +5630.5% | +11.3% | +11.7% |
| 2020 | -98.9% | -17.3% | -2.5% |
| 2019 | +195.4% | +8.1% | +0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Vernon K Krieble Foundation Inc 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Vernon K Krieble Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 deficit of $340K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led or externally funded leadership structure.
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 Vernon K Krieble Foundation Inc's IRS 990 filings:
- Lack of detailed program service expense breakdown makes it difficult to assess the specific impact of spending.
- Significant fluctuations in revenue, from -$381,182 in 2022 to $2,779,299 in 2019, warrant further investigation into funding sources and stability.
Strengths
The following positive indicators were identified for Vernon K Krieble Foundation Inc:
- Consistently low liabilities indicate strong financial stability.
- A reported 0% executive compensation suggests a highly efficient or volunteer-driven operational model.
- Maintains a substantial asset base, consistently above $13 million, providing a strong foundation for future activities.
Frequently Asked Questions about Vernon K Krieble Foundation Inc
Is Vernon K Krieble Foundation Inc a legitimate charity?
Vernon K Krieble Foundation Inc (EIN: 222538914) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $4.0M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Vernon K Krieble Foundation Inc spend its money?
Vernon K Krieble Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Vernon K Krieble Foundation Inc tax-deductible?
Vernon K Krieble Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222538914). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Vernon K Krieble Foundation Inc CEO make?
Vernon K Krieble Foundation Inc's highest-compensated officer earns $0 annually. The organization reported $4.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Vernon K Krieble Foundation Inc's spending goes to programs?
Vernon K Krieble Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Vernon K Krieble Foundation Inc located?
Vernon K Krieble Foundation Inc is headquartered in Worcester, Massachusetts and files with the IRS under EIN 222538914.
How many years of IRS 990 filings does Vernon K Krieble Foundation Inc have?
Vernon K Krieble 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 $4.0M in total revenue.
What does Vernon K Krieble Foundation Inc do?
Vernon K Krieble Foundation Inc is a nonprofit organization in the Unknown sector, located in Worcester, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Vernon K Krieble Foundation Inc have?
Vernon K Krieble Foundation Inc reported total revenue of $4,003,383. Based on 10 IRS 990 filings on record.
What are Vernon K Krieble Foundation Inc's total assets?
Vernon K Krieble Foundation Inc holds total assets of $16,959,417 as reported in IRS 990 filings.
Where is Vernon K Krieble Foundation Inc located?
Vernon K Krieble Foundation Inc is based in Worcester, Massachusetts.
What is Vernon K Krieble Foundation Inc's EIN?
Vernon K Krieble Foundation Inc's Employer Identification Number (EIN) is 222538914. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Vernon K Krieble Foundation Inc?
Vernon K Krieble Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Vernon K Krieble Foundation Inc a registered 501(c)(3)?
Vernon K Krieble Foundation Inc appears in IRS records (EIN: 222538914). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Vernon K Krieble Foundation Inc file IRS Form 990?
Yes, Vernon K Krieble Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Vernon K Krieble Foundation Inc's revenue in 2023?
In the 202312 filing period, Vernon K Krieble Foundation Inc reported total revenue of $297,110, total expenses of $637,016, and net assets of $15,405,812.
Is Vernon K Krieble Foundation Inc's revenue growing or declining?
Vernon K Krieble Foundation Inc's revenue is relatively stable. Revenue went from $-381,182 (202212) to $297,110 (202312), a 0.0% change. Based on 10 filings on record.
What is Vernon K Krieble Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Vernon K Krieble Foundation Inc covers tax period 202312. It shows revenue of $297,110, expenses of $637,016, total assets of $15,405,812, and liabilities of $15,000.
How much does Vernon K Krieble Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Vernon K Krieble Foundation Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Vernon K Krieble Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Vernon K Krieble Foundation Inc shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Vernon K Krieble Foundation Inc?
The following concerns were identified: Lack of detailed program service expense breakdown makes it difficult to assess the specific impact of spending.. Significant fluctuations in revenue, from -$381,182 in 2022 to $2,779,299 in 2019, warrant further investigation into funding sources and stability.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Vernon K Krieble Foundation Inc's strengths?
Positive indicators for Vernon K Krieble Foundation Inc include: Consistently low liabilities indicate strong financial stability.. A reported 0% executive compensation suggests a highly efficient or volunteer-driven operational model.. Maintains a substantial asset base, consistently above $13 million, providing a strong foundation for future activities.. These findings are derived from AI analysis of the organization's financial filings.
How does Vernon K Krieble Foundation Inc compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led or externally funded leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 executive compensation, how does the foundation manage its operational leadership and administrative functions?
The consistent $0 executive compensation suggests that leadership roles may be filled by volunteers, board members without compensation, or that administrative services are outsourced or funded through other means not reflected in this specific compensation line item. Further inquiry into their operational model would be beneficial.
With significant year-over-year revenue fluctuations, what strategies does the Vernon K Krieble Foundation employ to ensure long-term financial sustainability and consistent program delivery?
The wide swings in revenue, from negative figures to multi-million dollar gains, indicate a reliance on potentially volatile funding sources. The foundation's ability to maintain a substantial asset base despite these fluctuations suggests a robust investment strategy or significant endowment, which could buffer against revenue instability and support long-term sustainability.
Filing History
IRS 990 filing history for Vernon K Krieble Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Vernon K Krieble Foundation Inc's revenue has declined by 37.3%, moving from $474K to $297K. Total assets decreased by 12.3% over the same period, from $17.6M to $15.4M. Total functional expenses fell by 11.9%, from $723K to $637K. In its most recent filing year (2023), Vernon K Krieble Foundation Inc reported a deficit of $340K, with expenses exceeding revenue. The organization holds $15K in liabilities against $15.4M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $15.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $297K | $637K | $15.4M | $15K | — | View 990 |
| 2022 | $-381,182 | $929K | $13.7M | $55K | — | View 990 |
| 2021 | $1.7M | $1.2M | $18.0M | $55K | — | View 990 |
| 2020 | $30K | $1.1M | $16.1M | $46K | — | — |
| 2019 | $2.8M | $1.3M | $16.5M | $85K | — | — |
| 2015 | $941K | $1.2M | $16.4M | $15K | — | View 990 |
| 2014 | $1.2M | $1.1M | $19.1M | $11K | — | View 990 |
| 2013 | $911K | $1.3M | $19.1M | $13K | — | View 990 |
| 2012 | $585K | $1.1M | $18.3M | $13K | — | View 990 |
| 2011 | $474K | $723K | $17.6M | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $297K, expenses of $637K, and assets of $15.4M.
- 2022: Revenue of $-381,182, expenses of $929K, and assets of $13.7M (revenue -121.9% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.2M, and assets of $18.0M (revenue +5630.5% year-over-year).
- 2020: Revenue of $30K, expenses of $1.1M, and assets of $16.1M (revenue -98.9% year-over-year).
- 2019: Revenue of $2.8M, expenses of $1.3M, and assets of $16.5M (revenue +195.4% year-over-year).
- 2015: Revenue of $941K, expenses of $1.2M, and assets of $16.4M (revenue -18.9% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.1M, and assets of $19.1M (revenue +27.4% year-over-year).
- 2013: Revenue of $911K, expenses of $1.3M, and assets of $19.1M (revenue +55.5% year-over-year).
- 2012: Revenue of $585K, expenses of $1.1M, and assets of $18.3M (revenue +23.6% year-over-year).
- 2011: Revenue of $474K, expenses of $723K, and assets of $17.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vernon K Krieble Foundation Inc:
Data Sources and Methodology
This transparency report for Vernon K Krieble 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.