AI Transparency Report
The J Roger & Patricia M Friedman Foundation Inc appears to be a very small private foundation, as indicated by its consistently low revenue and asset figures. In its latest filing (202212), the organization reported only $1 in revenue against $377 in expenses, leading to a significant deficit. This pattern of minimal revenue and fluctuating expenses is common for foundations that primarily disburse funds rather than actively fundraise. The organization's assets have also remained very low, peaking at $1,719 in 201112 and currently standing at $469. Given its size and operational model, the financial health is stable in the sense that it maintains a minimal asset base, but it does not demonstrate significant growth or large-scale programmatic activity.
Spending efficiency is difficult to assess with precision due to the extremely low revenue and expense figures. For instance, in 202212, expenses ($377) far exceeded revenue ($1), suggesting that the organization is drawing down on its limited assets or receiving unrecorded contributions. Without detailed expense breakdowns, it's challenging to determine the proportion allocated to programs versus administrative costs. However, the absence of officer compensation across all filings suggests a volunteer-driven or minimally staffed operation, which can contribute to lower administrative overhead.
Transparency appears to be adequate for a foundation of this size, as evidenced by its consistent IRS 990 filings over nine periods. The organization consistently reports zero officer compensation, which is a positive indicator of fiscal responsibility at the leadership level. However, the lack of a specified NTEE code and the very limited financial activity make it difficult to fully evaluate its programmatic impact or compare its efficiency against peers. The consistent reporting, despite minimal activity, demonstrates a commitment to regulatory compliance.