Wade E & Viola Sackner Foundation
EIN: 386092077 · Grand Rapids, MI · NTEE: T90Z
| Metric | Value |
|---|---|
| Total Revenue | $5.2M |
| Total Expenses | $541K |
| Net Assets | $8.2M |
Is Wade E & Viola Sackner Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wade E & Viola Sackner Foundation
Wade E & Viola Sackner Foundation (EIN: 386092077) is a nonprofit organization based in Grand Rapids, MI, classified under NTEE code T90Z. The organization reported total revenue of $5.2M and total assets of $8.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wade E & Viola Sackner Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wade E & Viola Sackner Foundation is a mid-size nonprofit that has been operating for 72 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $103K |
| Total Expenses | $541K |
| Surplus / Deficit | $-437,849 |
| Total Assets | $8.2M |
| Total Liabilities | $1 |
| Net Assets | $8.2M |
| Operating Margin | -423.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 182.5 months |
Financial Health Grade: B
In 2023, Wade E & Viola Sackner Foundation reported a deficit of $438K with expenses exceeding revenue, holds 182.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Wade E & Viola Sackner Foundation's revenue has declined at a compound annual growth rate (CAGR) of -9.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -89.2% | +1.9% | -5.1% |
| 2022 | +6.6% | +8.5% | +5.1% |
| 2021 | +89.7% | +4.8% | +5.2% |
| 2020 | +63.6% | -4.3% | +0.1% |
| 2019 | -53.3% | +5.2% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1954 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wade E & Viola Sackner Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wade E & Viola Sackner Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $438K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Wade E & Viola Sackner Foundation
Is Wade E & Viola Sackner Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Wade E & Viola Sackner Foundation (EIN: 386092077) insufficient data. 0 red flags identified, 0 strengths noted.
How does Wade E & Viola Sackner Foundation spend its money?
Detailed spending breakdown data is not yet available for Wade E & Viola Sackner Foundation. Check back for updated IRS 990 analysis.
Are donations to Wade E & Viola Sackner Foundation tax-deductible?
Wade E & Viola Sackner Foundation is registered as a tax-exempt nonprofit (EIN: 386092077). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wade E & Viola Sackner Foundation located?
Wade E & Viola Sackner Foundation is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 386092077. It is classified under NTEE code T90Z.
How many years of IRS 990 filings does Wade E & Viola Sackner Foundation have?
Wade E & Viola Sackner Foundation 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 $5.2M in total revenue.
Filing History
IRS 990 filing history for Wade E & Viola Sackner Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wade E & Viola Sackner Foundation's revenue has declined by 70.5%, moving from $351K to $103K. Total assets increased by 4.5% over the same period, from $7.9M to $8.2M. Total functional expenses rose by 18.9%, from $455K to $541K. In its most recent filing year (2023), Wade E & Viola Sackner Foundation reported a deficit of $438K, with expenses exceeding revenue. The organization holds $1 in liabilities against $8.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $103K | $541K | $8.2M | $1 | — | — |
| 2022 | $954K | $531K | $8.7M | $1 | — | View 990 |
| 2021 | $895K | $490K | $8.3M | $1 | — | View 990 |
| 2020 | $472K | $467K | $7.8M | $1 | — | — |
| 2019 | $288K | $488K | $7.8M | $1 | — | View 990 |
| 2015 | $618K | $464K | $8.2M | $1 | — | View 990 |
| 2014 | $974K | $460K | $8.0M | $0 | — | View 990 |
| 2013 | $321K | $450K | $7.5M | $0 | — | View 990 |
| 2012 | $203K | $429K | $7.7M | $0 | — | View 990 |
| 2011 | $351K | $455K | $7.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $103K, expenses of $541K, and assets of $8.2M (revenue -89.2% year-over-year).
- 2022: Revenue of $954K, expenses of $531K, and assets of $8.7M (revenue +6.6% year-over-year).
- 2021: Revenue of $895K, expenses of $490K, and assets of $8.3M (revenue +89.7% year-over-year).
- 2020: Revenue of $472K, expenses of $467K, and assets of $7.8M (revenue +63.6% year-over-year).
- 2019: Revenue of $288K, expenses of $488K, and assets of $7.8M (revenue -53.3% year-over-year).
- 2015: Revenue of $618K, expenses of $464K, and assets of $8.2M (revenue -36.6% year-over-year).
- 2014: Revenue of $974K, expenses of $460K, and assets of $8.0M (revenue +203.1% year-over-year).
- 2013: Revenue of $321K, expenses of $450K, and assets of $7.5M (revenue +58.3% year-over-year).
- 2012: Revenue of $203K, expenses of $429K, and assets of $7.7M (revenue -42.1% year-over-year).
- 2011: Revenue of $351K, expenses of $455K, and assets of $7.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wade E & Viola Sackner Foundation:
Data Sources and Methodology
This transparency report for Wade E & Viola Sackner 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.