Nonzero Foundation INC FY2023 filing

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EIN 45-4015017 Public charity (501(c)(3)) Princeton, NJ NTEE W012
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$207K
FY2023▼ -22%
Expenses
$259K
FY2023▼ -13%

Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).


Encourages understanding by sharing diverse viewpoints and experiences. For fiscal year 2023 it reported $207K in revenue, $259K in expenses, and $124K in net assets.Pt I

Type
Public charity (501(c)(3)) · Public & Societal Benefit
Location
Princeton, NJ
Website
nonzerofoundation.org
Filings
5 on file (2020–2023)
Revenue
$207KFY2023
Expenses
$259K
Net assets
$124K
People
3
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Size
$100K–1M
What they do
Encourages understanding by sharing diverse viewpoints and experiences.
Leadership
Robert Wright · President/Treasurer · $69K
Money in and out
$207K revenue, $259K expenses
Bottom line
80% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

3 funders, incl. Fidelity Investments Charitable Gift Fund

3 distinct foundation funder(s) on file, $325K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

80% to programs

80% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↓ -22% vs prior year

Revenue band $100K–1M, -22% versus the prior filing year (down). See detail →

Where the money goes · FY2023
Total revenue
$207K
Pt VIII · Ln 12
Total expenses
$259K
Pt IX · Ln 25
Net assets
$124K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$53K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.15 Fundraising $0.05
Program efficiency
80%
of spending reaches programs
Operating runway
5.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
-25%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$128K
FY2023▼ -29%
Total liabilities
$3K
FY2023-0.3%
Revenue less expensesPt I · Ln 19−$53K
Total assetsPt X · Ln 16$128K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CNonzero Foundation INC
EINHdr · item D45-4015017
Principal addressHdr · item CPrinceton, NJ
WebsiteHdr · item Jnonzerofoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFPublic & Societal Benefit (W012)
Ruling yearIRS BMFAug 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President/Treasurer
$69,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Robert Wright’s $69K as President/Treasurer is at the 55th percentile of top reported officer pay among 1043 $100K–1M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Robert Wright$69,000$69,000$62,654$60,135$39,423

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $207K of program spending, described in the organization's own filed words · FY2023.
01

The foundation's program services in 2023 consisted of (1) operating the nonzero video and audio podcast channels, which feature dialogues about public policy, culture, international affairs, science, and philosophy; and (2) publishing the nonzero newsletter, which covers those same areas and comes out at least twice per week.

$207Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$191K · 92%
Contributions & grants$15K · 7%
Program service revenue92%$191K
Contributions & grants7%$15K
Investment income$6
Other revenue$111
Total revenueLn 12$207K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.15 Fundraising $0.05
Program services80%$207K
Management & general15%$39K
Fundraising5%$14K
Total functional expensesLn 25$259K

Balance Sheet

Part X · end of year
CashLn 1$128K
Total assetsLn 16$128K
Total liabilitiesLn 26$3K
Total net assetsLn 32$124K
Months of cash on handcomputed5.9

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $128K · Operating expenses/yr $259K
5.9 months
Where the money goes
Program services
Program services $207K · Total expenses $259K
80%
Management & General
Management & general $39K · Total expenses $259K
15%
Fundraising
Fundraising $14K · Total expenses $259K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $13K · Solicited contributions (3-yr avg) $94K
$0.14 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $15K · Total revenue $207K
7%
Government reliance
Government grants — · Total revenue $207K
—
Earned-income share
Program service revenue $191K · Total revenue $207K
92%
Investment reliance
Investment income $6 · Total revenue $207K
<0.01%
Program self-sufficiency
Program service revenue $191K · Total expenses $259K
74%
Growth & trend
Revenue growth (YoY)
This year $207K · Prior year $265K
-22%
Net-asset trend (YoY)
End of year $124K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $207K · Expenses $259K
-25%
Liabilities-to-Assets
Total liabilities — · Total assets $128K
—
Net-asset ratio
Net assets $124K · Total assets $128K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $128K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Robert Wright · Reported title PRESIDENT/TREASURER · Highest reported compensation $69K · Total expenses $259K
27%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $127K · Total expenses $259K
49%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%——
Overhead ratio 15%——
Fundraising cost ratio 90%——
Revenue growth -22%——
Legal fee ratio 0.05%——
Accounting fee ratio 1%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$325K
See all 3 funders →
Grants paid · 1 grant · $25K · 2024–2024
Civic News CompanyNY · FY2024$25,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$526K revenue · ⤓ 990 PDF
FY2023$207K revenue · viewing · ⤓ 990 PDF
FY2022$265K revenue · ⤓ 990 PDF
FY2021$462K revenue · ⤓ 990 PDF
FY2020$167K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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