Willard Sorority Foundation
Willard Sorority Foundation shows strong asset growth and minimal expenses, with a significant revenue spike in 2023.
EIN: 202664219 · Lincoln, NE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $18K |
| Total Expenses | $389 |
| Program Spending | 95% |
| Net Assets | $174K |
| Transparency Score | 85/100 |
Is Willard Sorority Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Willard Sorority Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Willard Sorority Foundation
Willard Sorority Foundation (EIN: 202664219) is a nonprofit organization based in Lincoln, NE, classified under NTEE code T20. The organization reported total revenue of $18K and total assets of $152K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Willard Sorority Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Willard Sorority Foundation is a micro nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 36.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $64K |
| Total Expenses | $389 |
| Surplus / Deficit | +$64K |
| Total Assets | $174K |
| Total Liabilities | $1 |
| Net Assets | $174K |
| Operating Margin | 99.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 5352.4 months |
Financial Health Grade: A
In 2023, Willard Sorority Foundation reported a surplus of $64K with revenue exceeding expenses, holds 5352.4 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), Willard Sorority Foundation's revenue has grown at a compound annual growth rate (CAGR) of 36.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +460.3% | -14.5% | +55.5% |
| 2022 | +12.3% | -71.6% | -3.2% |
| 2021 | +1.3% | +10.0% | +2.8% |
| 2020 | -9.4% | -36.4% | +3.8% |
| 2019 | +103.5% | — | +1454.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Willard Sorority Foundation 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Willard Sorority 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $64K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led structure and contributing to its high financial efficiency.
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 Willard Sorority Foundation's IRS 990 filings:
- Extremely low reported expenses raise questions about the full scope of operations or if costs are externalized.
- Consistent $1 liability reported across all filings is unusual and may not reflect actual financial obligations.
Strengths
The following positive indicators were identified for Willard Sorority Foundation:
- Significant asset growth from $6,425 in 2011 to $173,507 in 2023.
- Consistently low operational expenses, indicating high financial efficiency.
- No officer compensation reported, suggesting a volunteer-led organization.
- Strong revenue growth, particularly in 2023, demonstrating fundraising capacity.
Frequently Asked Questions about Willard Sorority Foundation
Is Willard Sorority Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Willard Sorority Foundation (EIN: 202664219) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Willard Sorority Foundation spend its money?
Willard Sorority Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Willard Sorority Foundation tax-deductible?
Willard Sorority Foundation is registered as a tax-exempt nonprofit (EIN: 202664219). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Willard Sorority Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Willard Sorority Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Willard Sorority Foundation located?
Willard Sorority Foundation is headquartered in Lincoln, Nebraska and files with the IRS under EIN 202664219. It is classified under NTEE code T20.
How many years of IRS 990 filings does Willard Sorority Foundation have?
Willard Sorority 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 $18K in total revenue.
How does Willard Sorority Foundation achieve such low expenses while operating?
The consistently low reported expenses (e.g., $389 in 2023, $455 in 2022) suggest a highly volunteer-driven model or that significant operational costs are borne by an affiliated entity, allowing the foundation to retain most of its revenue.
What caused the significant revenue increase in 2023?
Revenue jumped from $11,455 in 2022 to $64,178 in 2023. This substantial increase could be due to a major fundraising campaign, a large one-time donation, or a change in funding strategy, which is not detailed in the provided data.
What specific programs does the foundation fund or operate?
The NTEE code T20 indicates 'Fraternity & Sorority Organizations,' suggesting support for sorority-related activities. However, the filings do not provide specific details on the programs or beneficiaries, making it difficult to assess direct program impact.
Filing History
IRS 990 filing history for Willard Sorority Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Willard Sorority Foundation's revenue has grown by 4207.2%, moving from $1K to $64K. Total assets increased by 2600.5% over the same period, from $6K to $174K. Total functional expenses rose by 1845%, from $20 to $389. In its most recent filing year (2023), Willard Sorority Foundation reported a surplus of $64K, with revenue exceeding expenses. The organization holds $1 in liabilities against $174K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $174K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $64K | $389 | $174K | $1 | — | — |
| 2022 | $11K | $455 | $112K | $1 | — | View 990 |
| 2021 | $10K | $2K | $115K | $1 | — | — |
| 2020 | $10K | $1K | $112K | $1 | — | — |
| 2019 | $11K | $2K | $108K | $1 | — | — |
| 2015 | $5K | $0 | $7K | $1 | — | View 990 |
| 2014 | $4K | $10 | $5K | $1 | — | View 990 |
| 2013 | $1K | $0 | $9K | $1 | — | View 990 |
| 2012 | $2K | $0 | $8K | $1 | — | View 990 |
| 2011 | $1K | $20 | $6K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $64K, expenses of $389, and assets of $174K (revenue +460.3% year-over-year).
- 2022: Revenue of $11K, expenses of $455, and assets of $112K (revenue +12.3% year-over-year).
- 2021: Revenue of $10K, expenses of $2K, and assets of $115K (revenue +1.3% year-over-year).
- 2020: Revenue of $10K, expenses of $1K, and assets of $112K (revenue -9.4% year-over-year).
- 2019: Revenue of $11K, expenses of $2K, and assets of $108K (revenue +103.5% year-over-year).
- 2015: Revenue of $5K, expenses of $0, and assets of $7K (revenue +54.3% year-over-year).
- 2014: Revenue of $4K, expenses of $10, and assets of $5K (revenue +237.1% year-over-year).
- 2013: Revenue of $1K, expenses of $0, and assets of $9K (revenue -47.2% year-over-year).
- 2012: Revenue of $2K, expenses of $0, and assets of $8K (revenue +33.6% year-over-year).
- 2011: Revenue of $1K, expenses of $20, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Willard Sorority Foundation:
Data Sources and Methodology
This transparency report for Willard Sorority 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.