Nancy A and Richard P Erickson Foundation is a 501(c)(3) organization based in Curtis, Michigan, registered in 2012, with $284,296 in FY2024 revenue. CharityIndex grades it F.
Revenue (FY2024)
$284K
▲ 98.4% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$493K
Net assets
$1.1M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Nancy A and Richard P Erickson Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Nancy A and Richard P Erickson Foundation: 26 mo reserves · -74% margin earns a F on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Nancy A and Richard P Erickson Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Nancy A and Richard P Erickson Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $2.1M (FY2016) to $284K (FY2024) across 9 reported years.
Financial snapshot
Operating margin
-73.6%
Spent more than it raised in the latest fiscal year.
Total assets
$1.1M
Total liabilities
$0
Net assets
$1.1M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $284,296▲98.4% | $493,414▲78.5% | $1,076,328▼16.2% | $1,076,328▼16.2% | 990PF |
| 2023 | $143,279▲39.1% | $276,465▲12.0% | $1,284,034▼9.4% | $1,284,034▼9.4% | 990PF |
| 2022 | $102,973▼63.8% | $246,916▼12.0% | $1,417,220▼9.2% | $1,417,220▼9.2% | 990PF |
| 2021 | $284,724▲106% | $280,732▲51.1% | $1,561,163▲0.3% | $1,561,163▲0.3% | 990PF |
| 2020 | $138,047▼39.8% | $185,774▼83.9% | $1,557,171▼3.0% | $1,557,171▼3.0% | 990PF |
| 2019 | $229,154▲57.2% | $1,154,320▲293% | $1,604,898▼36.6% | $1,604,898▼36.6% | 990PF |
| 2018 | $145,759▲15.7% | $293,650▲0.7% | $2,530,064▼5.5% | $2,530,064▼5.6% | 990PF |
| 2017 | $125,956▼93.9% | $291,701▲247% | $2,677,955▼5.8% | $2,679,487▼6.9% | 990PF |
| 2016 | $2,063,569 | $84,094 | $2,843,700 | $2,878,925 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Nancy A and Richard P Erickson Foundation (EIN 27-4797156) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.