AI Transparency Report
The Rosalie J Coe Weir Foundation appears to be a private foundation, given its consistent low liabilities and the nature of its revenue and expense patterns. Its financial health, as indicated by its assets, is robust, with assets consistently in the multi-million dollar range, peaking at $14.6 million in 2021 and currently standing at $13.08 million. However, the foundation exhibits significant volatility in its annual revenue, ranging from a low of $17,988 in 2022 to a high of $7,065,000 in 2019. This fluctuation is typical for foundations that rely on investment returns or large, infrequent donations.
Spending efficiency is difficult to fully assess without a detailed breakdown of program service expenses versus administrative and fundraising costs, which are not provided in the summary data. However, the foundation consistently reports 0% officer compensation, which is a positive indicator for minimizing administrative overhead related to executive pay. The foundation's expenses have generally been well below its revenue in most years, allowing for asset growth, though in 2023 and 2022, expenses ($922,064 and $726,454 respectively) significantly exceeded revenue ($280,244 and $17,988), suggesting a reliance on endowment drawdowns or prior year surpluses. Transparency is generally good through its consistent 990 filings, but the lack of NTEE code and detailed expense categories limits a deeper analysis of its programmatic focus and efficiency.
The foundation's financial strategy seems to involve maintaining a substantial asset base to support its grant-making activities, with annual expenses fluctuating based on its operational needs and investment performance. The significant increase in assets from $18,731 in 2015 to over $6 million by 2019, and then to over $13 million by 2020, indicates substantial capital growth, likely from large contributions or strong investment returns. The consistent $1 liability suggests a very stable financial position with minimal debt.