Is Pat Moran Family Foundation Inc Legit?

The Pat Moran Family Foundation Inc. demonstrates a consistent commitment to its mission, as evidenced by its program spending. While the organization's revenue has fluctuated significantly over the past few years, from a high of $2,365,216 in 2022 to a low of $427,457 in 2023, its asset base has shown steady growth, reaching $10,011,750 in 2023 from $1,500,033 in 2011. This indicates a strong financial foundation despite revenue volatility. The foundation consistently reports 0% officer compensation, which is a positive indicator of efficient resource allocation and a focus on programmatic activities rather than executive salaries. The foundation's spending efficiency appears strong, particularly given the absence of officer compensation. However, without a detailed breakdown of expenses beyond total expenses, it's challenging to precisely assess the administrative and fundraising ratios. The significant increase in expenses in 2023 to $1,157,751, while revenue was only $427,457, suggests a year where the foundation drew heavily on its assets or prior year's revenue to fund its activities. This is not necessarily a red flag for a foundation, as they often make grants from their endowment. In terms of transparency, the consistent filing of IRS 990 forms over a decade provides a good historical record. The lack of officer compensation is a clear and transparent financial practice. Further transparency could be enhanced by providing more detailed breakdowns of their program spending and grantmaking activities, which are typical for family foundations.