Willayne E Towe Foundation
Willayne E Towe Foundation maintains stable assets and zero officer compensation over a decade.
EIN: 201796087 · Knoxville, TN · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $63K |
| Program Spending | 90% |
| Net Assets | $731K |
| Transparency Score | 85/100 |
Is Willayne E Towe Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Willayne E Towe Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Willayne E Towe Foundation
Willayne E Towe Foundation (EIN: 201796087) is a nonprofit organization based in Knoxville, TN, classified under NTEE code T20. The organization reported total revenue of $1.2M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Willayne E Towe Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Willayne E Towe Foundation is a mid-size 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 -1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $78K |
| Total Expenses | $63K |
| Surplus / Deficit | +$15K |
| Total Assets | $731K |
| Total Liabilities | $1 |
| Net Assets | $731K |
| Operating Margin | 19.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 139.5 months |
Financial Health Grade: A
In 2023, Willayne E Towe Foundation reported a surplus of $15K with revenue exceeding expenses, holds 139.5 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), Willayne E Towe Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.2% | +10.1% | +2.1% |
| 2022 | +36.3% | -21.4% | +4.6% |
| 2021 | -10.4% | -17.7% | -1.1% |
| 2020 | +447.0% | +30.6% | -2.2% |
| 2019 | -83.9% | +24.3% | +4.2% |
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 Willayne E Towe 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Willayne E Towe Foundation 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $15K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all ten available filings, indicating that the organization is likely volunteer-led or has its leadership compensated through other non-organizational means, which is highly efficient for a foundation of its size.
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 Willayne E Towe Foundation's IRS 990 filings:
- Lack of detailed expense breakdown beyond total expenses makes precise program efficiency difficult to ascertain.
Strengths
The following positive indicators were identified for Willayne E Towe Foundation:
- Consistent 0% officer compensation across all filings, indicating high efficiency.
- Very low liabilities, often reported as $1, demonstrating strong fiscal health.
- Stable and growing asset base, from $603,375 in 2011 to $731,121 in 2023.
- Consistent financial reporting over a decade, indicating transparency.
Frequently Asked Questions about Willayne E Towe Foundation
Is Willayne E Towe Foundation a legitimate charity?
Willayne E Towe Foundation (EIN: 201796087) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.2M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Willayne E Towe Foundation spend its money?
Willayne E Towe Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Willayne E Towe Foundation tax-deductible?
Willayne E Towe Foundation is registered as a tax-exempt nonprofit (EIN: 201796087). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Willayne E Towe Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Willayne E Towe 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 Willayne E Towe Foundation located?
Willayne E Towe Foundation is headquartered in Knoxville, Tennessee and files with the IRS under EIN 201796087. It is classified under NTEE code T20.
How many years of IRS 990 filings does Willayne E Towe Foundation have?
Willayne E Towe 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 $1.2M in total revenue.
Is the Willayne E Towe Foundation a good charity?
Based on the available IRS 990 data, the Willayne E Towe Foundation appears to be a well-managed and efficient organization. It consistently reports zero officer compensation, maintains low liabilities, and has a stable asset base, suggesting a strong commitment to its mission and responsible financial stewardship.
How does the foundation manage its administrative costs?
The foundation consistently reports 0% officer compensation, which suggests that administrative functions are likely performed by volunteers or covered by external sources, keeping overhead very low.
What is the trend in the foundation's assets?
The foundation's assets have shown a consistent upward trend, growing from $603,375 in 2011 to $731,121 in 2023, indicating sound financial management and growth.
Filing History
IRS 990 filing history for Willayne E Towe Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Willayne E Towe Foundation's revenue has declined by 14.1%, moving from $91K to $78K. Total assets increased by 21.2% over the same period, from $603K to $731K. Total functional expenses rose by 26.4%, from $50K to $63K. In its most recent filing year (2023), Willayne E Towe Foundation reported a surplus of $15K, with revenue exceeding expenses. The organization holds $1 in liabilities against $731K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $731K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $78K | $63K | $731K | $1 | — | View 990 |
| 2022 | $89K | $57K | $716K | $1 | — | View 990 |
| 2021 | $65K | $73K | $684K | $1 | — | View 990 |
| 2020 | $73K | $88K | $692K | $1 | — | — |
| 2019 | $13K | $68K | $708K | $1 | — | View 990 |
| 2015 | $82K | $54K | $679K | $1 | — | View 990 |
| 2014 | $82K | $53K | $651K | $1 | — | View 990 |
| 2013 | $77K | $51K | $622K | $1 | — | View 990 |
| 2012 | $48K | $56K | $596K | $0 | — | View 990 |
| 2011 | $91K | $50K | $603K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $78K, expenses of $63K, and assets of $731K (revenue -12.2% year-over-year).
- 2022: Revenue of $89K, expenses of $57K, and assets of $716K (revenue +36.3% year-over-year).
- 2021: Revenue of $65K, expenses of $73K, and assets of $684K (revenue -10.4% year-over-year).
- 2020: Revenue of $73K, expenses of $88K, and assets of $692K (revenue +447.0% year-over-year).
- 2019: Revenue of $13K, expenses of $68K, and assets of $708K (revenue -83.9% year-over-year).
- 2015: Revenue of $82K, expenses of $54K, and assets of $679K (revenue +0.9% year-over-year).
- 2014: Revenue of $82K, expenses of $53K, and assets of $651K (revenue +5.6% year-over-year).
- 2013: Revenue of $77K, expenses of $51K, and assets of $622K (revenue +61.8% year-over-year).
- 2012: Revenue of $48K, expenses of $56K, and assets of $596K (revenue -47.2% year-over-year).
- 2011: Revenue of $91K, expenses of $50K, and assets of $603K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Willayne E Towe Foundation:
Data Sources and Methodology
This transparency report for Willayne E Towe 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.