Waukee Foundation Inc

Waukee Foundation Inc. shows highly volatile financial performance with significant swings in revenue and expenses over recent years.

EIN: 204379180 · Waukee, IA · NTEE: S20 · Updated: 2026-03-28

$42KRevenue

$220KAssets

75/100Mission Score (Good)

S20

About Waukee Foundation Inc

Waukee Foundation Inc (EIN: 204379180) is a nonprofit organization based in Waukee, IA, classified under NTEE code S20. The organization reported total revenue of $42K and total assets of $220K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waukee Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Waukee Foundation Inc. exhibits inconsistent financial activity over the past several years, with significant fluctuations in both revenue and expenses. For instance, in 202206, the organization reported revenue of $551,458 against expenses of $2,327,341, indicating a substantial deficit. This trend of expenses far exceeding revenue is also seen in 202306, with $31,714 in revenue and $132,874 in expenses. However, other periods show the opposite, such as 202106 where revenue was $522,834 and expenses were only $5,851. The latest period (202406) shows more balanced activity with $12,060 in revenue and $8,982 in expenses. The organization consistently reports zero liabilities in recent years and zero officer compensation, which are positive indicators for financial health and transparency. However, the dramatic swings in financial figures make it challenging to assess long-term stability and consistent operational scale.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Waukee Foundation Inc with a Mission Score of 75 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Waukee Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The Waukee Foundation Inc. consistently reports 0% officer compensation across all available filings, indicating that no executives or officers are paid, which is a strong positive for resource allocation directly to 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 Waukee Foundation Inc's IRS 990 filings:

Highly inconsistent financial performance year-over-year, making long-term planning and impact assessment difficult.
Significant deficits in multiple years (e.g., 202206, 202306) where expenses far exceeded revenue, potentially indicating unsustainable spending without prior asset accumulation.

Strengths

The following positive indicators were identified for Waukee Foundation Inc:

Consistent 0% officer compensation, indicating high efficiency in directing funds to mission.
Zero liabilities reported in recent years, suggesting good financial management and no outstanding debts.
Strong asset base in some years (e.g., $2,051,049 in 202106) allowing for significant program investment.

Frequently Asked Questions about Waukee Foundation Inc

Is Waukee Foundation Inc. a good charity?

The Waukee Foundation Inc. demonstrates strong commitment to its mission by reporting 0% officer compensation, ensuring all funds are directed to programs and operations. However, the extreme volatility in revenue and expenses across different years (e.g., $2.3M expenses in 202206 vs. $5.8K in 202106) raises questions about consistent program delivery and financial planning. While the lack of liabilities and officer compensation are positive, potential donors should seek clarity on the reasons for these large financial fluctuations.

Why are the expenses so much higher than revenue in some years?

In periods like 202206, expenses ($2,327,341) significantly exceeded revenue ($551,458). This could indicate the use of accumulated assets from prior years (e.g., assets were $2,051,049 in 202106) to fund large projects or programs, or it could point to a reliance on future funding commitments. Without more detailed program expense breakdowns, it's difficult to pinpoint the exact cause, but it suggests a project-based or endowment-spending model rather than consistent annual operational funding.

What caused the large asset decrease from 202106 to 202206?

The organization's assets decreased from $2,051,049 in 202106 to $256,603 in 202206. This substantial decrease aligns with the period where expenses ($2,327,341) far outstripped revenue ($551,458). This strongly suggests that the organization drew heavily from its accumulated assets to cover its operational or program costs during that fiscal year.

Filing History

IRS 990 filing history for Waukee Foundation Inc showing financial trends over 7 years of public records:

Over 7 years of IRS 990 filings (2018–2024), Waukee Foundation Inc's revenue has declined by 78.9%, moving from $57K to $12K. Total assets decreased by 18.5% over the same period, from $216K to $176K. Total functional expenses rose by 11.7%, from $8K to $9K. In its most recent filing year (2024), Waukee Foundation Inc reported a surplus of $3K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$12K	$9K	$176K	$0	—	—
2023	$32K	$133K	$161K	$0	—	—
2022	$551K	$2.3M	$257K	$0	—	View 990
2021	$523K	$6K	$2.1M	$0	—	—
2020	$1.3M	$4K	$1.5M	$0	—	View 990
2019	$94K	$116K	$128K	$0	—	View 990
2018	$57K	$8K	$216K	$67K	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $12K, expenses of $9K, and assets of $176K (revenue -62.0% year-over-year).
2023: Revenue of $32K, expenses of $133K, and assets of $161K (revenue -94.2% year-over-year).
2022: Revenue of $551K, expenses of $2.3M, and assets of $257K (revenue +5.5% year-over-year).
2021: Revenue of $523K, expenses of $6K, and assets of $2.1M (revenue -60.9% year-over-year).
2020: Revenue of $1.3M, expenses of $4K, and assets of $1.5M (revenue +1316.7% year-over-year).
2019: Revenue of $94K, expenses of $116K, and assets of $128K (revenue +65.1% year-over-year).
2018: Revenue of $57K, expenses of $8K, and assets of $216K.

Data Sources and Methodology

This transparency report for Waukee 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.