Vick Foundation Inc
Vick Foundation maintains stable assets while experiencing fluctuating revenues and occasional operating deficits.
EIN: 134199723 · Old Greenwich, CT · NTEE: T22 · Updated: 2026-03-28
Is Vick Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vick Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vick Foundation Inc
Vick Foundation Inc (EIN: 134199723) is a nonprofit organization based in Old Greenwich, CT, classified under NTEE code T22. The organization reported total revenue of $270K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vick Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Vick 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: 90%
- fundraising: 0%
According to IRS 990 filings, Vick Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives, which is highly efficient for a nonprofit of its size with assets over $1.5 million.
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 Vick Foundation Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023, 2022, 2020, 2014, 2012) where expenses exceeded revenue, indicating reliance on asset drawdowns or prior surpluses.
Strengths
The following positive indicators were identified for Vick Foundation Inc:
- Consistent asset base over $1.5 million, providing long-term stability.
- Zero officer compensation reported across all filings, indicating highly efficient use of funds for its mission.
- Very low liabilities (often $0 or $1), demonstrating sound financial management and minimal debt.
- Consistent filing of IRS Form 990s, indicating good transparency and compliance.
Frequently Asked Questions about Vick Foundation Inc
Is Vick Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Vick Foundation Inc (EIN: 134199723) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Vick Foundation Inc spend its money?
Vick Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Vick Foundation Inc tax-deductible?
Vick Foundation Inc is registered as a tax-exempt nonprofit (EIN: 134199723). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Vick Foundation Inc. financially stable?
Yes, the Vick Foundation Inc. appears financially stable, maintaining a consistent asset base of over $1.5 million despite fluctuating annual revenues and occasional operating deficits, suggesting it can draw from its endowment to cover expenses.
How does Vick Foundation Inc. manage executive compensation?
The Vick Foundation Inc. manages executive compensation very efficiently, reporting 0% officer compensation in all available filings, meaning no salaries are paid to its officers.
What is the primary financial activity of Vick Foundation Inc.?
As a private grantmaking foundation (NTEE T22), its primary financial activity is likely making grants, which would constitute its program spending, supported by its investment assets and annual revenues.
Why do expenses sometimes exceed revenue for Vick Foundation Inc.?
Expenses sometimes exceed revenue (e.g., $139,248 expenses vs. $52,819 revenue in 2023) because private foundations often disburse grants from their endowment or accumulated surpluses, rather than solely from current year contributions.
Filing History
IRS 990 filing history for Vick Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Vick Foundation Inc's revenue has declined by 64.2%, moving from $147K to $53K. Total assets increased by 29.7% over the same period, from $1.2M to $1.6M. Total functional expenses rose by 30%, from $107K to $139K. In its most recent filing year (2023), Vick Foundation Inc reported a deficit of $86K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $53K | $139K | $1.6M | $1 | — | — |
| 2022 | $69K | $69K | $1.7M | $1 | — | View 990 |
| 2021 | $132K | $51K | $1.7M | $1 | — | View 990 |
| 2020 | $91K | $98K | $1.6M | $1 | — | View 990 |
| 2019 | $81K | $72K | $1.6M | $1 | — | View 990 |
| 2015 | $145K | $71K | $1.6M | $0 | — | View 990 |
| 2014 | $110K | $192K | $1.5M | $0 | — | View 990 |
| 2013 | $471K | $79K | $1.6M | $0 | — | View 990 |
| 2012 | $46K | $96K | $1.2M | $0 | — | — |
| 2011 | $147K | $107K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $53K, expenses of $139K, and assets of $1.6M (revenue -23.2% year-over-year).
- 2022: Revenue of $69K, expenses of $69K, and assets of $1.7M (revenue -47.8% year-over-year).
- 2021: Revenue of $132K, expenses of $51K, and assets of $1.7M (revenue +45.4% year-over-year).
- 2020: Revenue of $91K, expenses of $98K, and assets of $1.6M (revenue +12.7% year-over-year).
- 2019: Revenue of $81K, expenses of $72K, and assets of $1.6M (revenue -44.5% year-over-year).
- 2015: Revenue of $145K, expenses of $71K, and assets of $1.6M (revenue +32.3% year-over-year).
- 2014: Revenue of $110K, expenses of $192K, and assets of $1.5M (revenue -76.7% year-over-year).
- 2013: Revenue of $471K, expenses of $79K, and assets of $1.6M (revenue +915.9% year-over-year).
- 2012: Revenue of $46K, expenses of $96K, and assets of $1.2M (revenue -68.6% year-over-year).
- 2011: Revenue of $147K, expenses of $107K, and assets of $1.2M.
Data Sources and Methodology
This transparency report for Vick 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.