The Nick Loeb Foundation INC

Tax-deductible

Wilmington, DE501(c)(3)Arts & CultureEIN 88-4048731Revenue $295K in FY2024

On file with the IRSthenickloebfoundation.com251 Little Falls Dr, 19808-1674 · Wilmington, DETax-exempt since Jan 2023Publicly supported — 509(a)(2)

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Todays media has the greatest impact on culture, society, and our kids. We will harness this medium to cultivate educational and traditional values in our children and communities by developing media-centric opportunities that will bring truth to education.We aspire to achieve our goals by producing films and TV that can educate and inspire. To build leaders by empowering them with honest learning. And to support children with scholarships that adhere to our values.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 2 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $59K a year · 20% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $3K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$295K
+0.4% vs prior year
Spent
$443K
To programs
90%
Net assets
$94K
By yearFY2022–FY2024
Revenue
$295K
FY2024+0.4%
Tap a bar for its year
Revenue by fiscal year
FY2022$301K
FY2023$294K
FY2024$295K
Expenses
$443K
FY2024▲ +66%
Tap a bar for its year
Expenses by fiscal year
FY2022$0
FY2023$268K
FY2024$443K
Net assets
$94K
FY2024▼ -61%
Tap a bar for its year
Net assets by fiscal year
FY2022$302K
FY2023$243K
FY2024$94K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $401K Management & general 7% · $32K Fundraising 2% · $10K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Nick Loeb Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops media to teach children and communities educational and traditional values.

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Provided by the organization

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1 program · $401K · in their own filed words · FY2024
01

The organization successfully held a profitable event fundraiser during the year. Organization has also started production on three new projects and continued on previous films to further its non profit mission.

$401Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$3K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$295K
Ln 12
Investment incomeLn 3$126K
Gifts and grantsLn 1h$87K
Other incomeLn 4–11$82K
Money outPt IX
$443K
Ln 25
Programscol B$401K
Managementcol C$32K
Fundraisingcol D$10K
Owns and owesPt X
$94K
net assets · Ln 32
Cash and savingsLn 1–2$191
Total assetsLn 16$94K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$87K
Investment incomeLn 3$126K
Other incomeLn 4–11$82K
Gains on assetsLn 7$126K
Total revenueLn 12$295K
Assets in detailPt X, end of year
CashLn 1$191
SavingsLn 2$0
Cash and savings togetherLn 1–2$191
InvestmentsLn 11–13$94K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$94K
LiabilitiesLn 26$0
Net assetsLn 32$94K
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$54K$191
InvestmentsLn 11–13$189K$94K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$243K$94K
LiabilitiesLn 26$0$0
Net assetsLn 32$243K$94K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$8K$8K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$43K$41K$2K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$11K$11K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$358K$348K$4K$7K
All other expensesLn 24e$2K$910$2K
Total functional expensesLn 25$443K$401K$32K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $295K$443K−$149K$94K 990 PDF
FY2023 $294K$268K$26K$243K 990 PDF
FY2022 $301K$0$301K$302K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $294,708 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $182,764$86,951
I-9 Program service revenue$0
I-10 Investment incomePrior year $110,908$125,995
I-11 Other revenue$81,762
I-12 Total revenuePrior year $293,672$294,708
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $267,513$443,448
I-18 Total expensesPrior year $267,513$443,448
I-19 Revenue less expensesPrior year $26,159−$148,740
Part VI · Governance 2 of 2 board members independent, 5 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $294,708 across 9 lines filed
VIII-1f All other contributions, gifts and grants$86,951
VIII-1h Total contributions, gifts and grants$86,951
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $125,995$125,995
VIII-8 Net income from fundraising events$79,156
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,606$2,606
VIII-12 Total revenueRelated to mission $128,601$294,708
Part IX · Statement of functional expenses $443,448 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $5,730$5,730
IX-11c Accounting feesManagement $8,414$8,414
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $40,766 · Management $1,796$42,562
IX-12 Advertising and promotionFundraising $3,307$3,307
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $11,489$11,489
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $11,050$11,050
IX-24 Other expenses (24a–d)Programs $347,528 · Management $3,872 · Fundraising $7,000$358,400
IX-24e All other expensesPrograms $910 · Management $1,586$2,496
IX-25 Total functional expensesPrograms $400,693 · Management $32,448 · Fundraising $10,307$443,448
Part X · Balance sheet $94,191 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $43,298$191
X-2 Savings and temporary cash investmentsStart of year $10,620$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $189,013$94,000
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $242,931$94,191
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $242,931$94,191
X-33 Total liabilities and net assetsStart of year $242,931$94,191
Part XI · Reconciliation of net assets $94,191 net assets at year end
XI-1 Total revenue$294,708
XI-2 Total expenses$443,448
XI-3 Revenue less expenses−$148,740
XI-4 Net assets at start of year$242,931
XI-10 Net assets at end of year$94,191

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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