1772 Foundation Inc
1772 Foundation Inc: Strong Asset Base, Volatile Revenue, and High Programmatic Spending
EIN: 222578377 · Pomfret Ctr, CT · NTEE: T20 · Updated: 2026-04-04
Is 1772 Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
1772 Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About 1772 Foundation Inc
1772 Foundation Inc (EIN: 222578377) is a nonprofit organization based in Pomfret Ctr, CT, classified under NTEE code T20. The organization reported total revenue of $54.6M and total assets of $81.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 1772 Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
1772 Foundation Inc is a major nonprofit that has been operating for 41 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $4.2M |
| Surplus / Deficit | $-1,532,659 |
| Total Assets | $75.6M |
| Total Liabilities | $1.8M |
| Net Assets | $73.8M |
| Operating Margin | -57.8% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 216.7 months |
Financial Health Grade: B
In 2023, 1772 Foundation Inc reported a deficit of $1.5M with expenses exceeding revenue, holds 216.7 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), 1772 Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -116.5% | +40.9% | -25.0% |
| 2021 | +4022.8% | +11.0% | +3.4% |
| 2020 | -89.3% | +21.0% | +7.4% |
| 2019 | -27.9% | -10.0% | +10.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates 1772 Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, 1772 Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.4%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting a fully volunteer board and leadership, which is highly efficient.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of 1772 Foundation Inc's IRS 990 filings:
- Revenue has shown significant volatility, with a -$2,275,210 reported in 2022 and $2,653,298 in 2023, which could impact long-term planning.
- The organization's liabilities increased from $1,836,633 in 2023 to $2,754,500 in 2022, then decreased to $877,433 in 2021, indicating fluctuating financial obligations.
Strengths
The following positive indicators were identified for 1772 Foundation Inc:
- Consistently high percentage of expenses dedicated to programs (e.g., 90% in 2023 based on $4,185,957 total expenses), demonstrating a strong commitment to mission.
- Maintains a substantial asset base, with $75,591,745 in 2023, providing financial stability and capacity for future initiatives.
- Zero reported executive compensation indicates highly efficient use of funds, with resources directly allocated to programmatic activities.
Frequently Asked Questions about 1772 Foundation Inc
Is 1772 Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, 1772 Foundation Inc (EIN: 222578377) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does 1772 Foundation Inc spend its money?
1772 Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to 1772 Foundation Inc tax-deductible?
1772 Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222578377). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does 1772 Foundation Inc do?
1772 Foundation Inc is a nonprofit organization in the Philanthropy, Voluntarism & Grantmaking sector, located in Pomfret Ctr, Connecticut. It is classified under NTEE code T20.
How much revenue does 1772 Foundation Inc have?
1772 Foundation Inc reported total revenue of $54,624,088. Based on 10 IRS 990 filings on record.
What are 1772 Foundation Inc's total assets?
1772 Foundation Inc holds total assets of $81,139,819 as reported in IRS 990 filings.
Where is 1772 Foundation Inc located?
1772 Foundation Inc is based in Pomfret Ctr, Connecticut.
What is 1772 Foundation Inc's EIN?
1772 Foundation Inc's Employer Identification Number (EIN) is 222578377. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is 1772 Foundation Inc?
1772 Foundation Inc is classified under NTEE code T20 (Philanthropy, Voluntarism & Grantmaking).
Is 1772 Foundation Inc a registered 501(c)(3)?
Yes, 1772 Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222578377.
Does 1772 Foundation Inc file IRS Form 990?
Yes, 1772 Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was 1772 Foundation Inc's revenue in 2023?
In the 202312 filing period, 1772 Foundation Inc reported total revenue of $2,653,298, total expenses of $4,185,957, and net assets of $75,591,745.
Is 1772 Foundation Inc's revenue growing or declining?
1772 Foundation Inc's revenue is relatively stable. Revenue went from $-2,275,210 (202212) to $2,653,298 (202312), a 0.0% change. Based on 10 filings on record.
What is 1772 Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for 1772 Foundation Inc covers tax period 202312. It shows revenue of $2,653,298, expenses of $4,185,957, total assets of $75,591,745, and liabilities of $1,836,633.
How much does 1772 Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, 1772 Foundation Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is 1772 Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, 1772 Foundation Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for 1772 Foundation Inc?
The following concerns were identified: Revenue has shown significant volatility, with a -$2,275,210 reported in 2022 and $2,653,298 in 2023, which could impact long-term planning.. The organization's liabilities increased from $1,836,633 in 2023 to $2,754,500 in 2022, then decreased to $877,433 in 2021, indicating fluctuating financial obligations.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are 1772 Foundation Inc's strengths?
Positive indicators for 1772 Foundation Inc include: Consistently high percentage of expenses dedicated to programs (e.g., 90% in 2023 based on $4,185,957 total expenses), demonstrating a strong commitment to mission.. Maintains a substantial asset base, with $75,591,745 in 2023, providing financial stability and capacity for future initiatives.. Zero reported executive compensation indicates highly efficient use of funds, with resources directly allocated to programmatic activities.. These findings are derived from AI analysis of the organization's financial filings.
How does 1772 Foundation Inc compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting a fully volunteer board and leadership, which is highly efficient. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the significant revenue fluctuations, how does the 1772 Foundation Inc. ensure consistent funding for its grant programs and maintain its asset base?
The foundation likely relies on its substantial asset base ($75,591,745 in 2023) to buffer against revenue volatility, using investment income and capital gains to support grant-making even in years with negative or low revenue, as evidenced by continued high program spending.
What specific strategies does the foundation employ to maintain a 0% executive compensation model while effectively managing its significant assets and grant programs?
The 1772 Foundation Inc. appears to operate with a fully volunteer board and leadership, leveraging the expertise and dedication of its trustees to manage its operations and grant-making without incurring executive salary costs, a model often seen in well-endowed private foundations.
Filing History
IRS 990 filing history for 1772 Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), 1772 Foundation Inc's revenue has grown by 107.2%, moving from $1.3M to $2.7M. Total assets increased by 5.6% over the same period, from $71.6M to $75.6M. Total functional expenses rose by 8.1%, from $3.9M to $4.2M. In its most recent filing year (2023), 1772 Foundation Inc reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $1.8M in liabilities against $75.6M in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $73.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $4.2M | $75.6M | $1.8M | — | View 990 |
| 2022 | $-2,275,210 | $8.2M | $69.1M | $2.8M | — | — |
| 2021 | $13.8M | $5.8M | $92.2M | $877K | — | View 990 |
| 2020 | $335K | $5.2M | $89.1M | $313K | — | View 990 |
| 2019 | $3.1M | $4.3M | $82.9M | $156K | — | — |
| 2015 | $4.3M | $4.8M | $74.9M | $294K | — | View 990 |
| 2014 | $7.5M | $3.7M | $75.3M | $196K | — | View 990 |
| 2013 | $3.1M | $3.7M | $71.6M | $258K | — | View 990 |
| 2012 | $4.6M | $3.9M | $72.3M | $383K | — | View 990 |
| 2011 | $1.3M | $3.9M | $71.6M | $57K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $4.2M, and assets of $75.6M.
- 2022: Revenue of $-2,275,210, expenses of $8.2M, and assets of $69.1M (revenue -116.5% year-over-year).
- 2021: Revenue of $13.8M, expenses of $5.8M, and assets of $92.2M (revenue +4022.8% year-over-year).
- 2020: Revenue of $335K, expenses of $5.2M, and assets of $89.1M (revenue -89.3% year-over-year).
- 2019: Revenue of $3.1M, expenses of $4.3M, and assets of $82.9M (revenue -27.9% year-over-year).
- 2015: Revenue of $4.3M, expenses of $4.8M, and assets of $74.9M (revenue -42.0% year-over-year).
- 2014: Revenue of $7.5M, expenses of $3.7M, and assets of $75.3M (revenue +140.6% year-over-year).
- 2013: Revenue of $3.1M, expenses of $3.7M, and assets of $71.6M (revenue -32.4% year-over-year).
- 2012: Revenue of $4.6M, expenses of $3.9M, and assets of $72.3M (revenue +259.4% year-over-year).
- 2011: Revenue of $1.3M, expenses of $3.9M, and assets of $71.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 1772 Foundation Inc:
Data Sources and Methodology
This transparency report for 1772 Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.