Abram And Ray Kaplan Foundation

Abram And Ray Kaplan Foundation consistently spends more than its annual revenue, drawing down its endowment.

EIN: 133798875 · Elbert, CO · NTEE: T20 · Updated: 2026-03-28

$2.9MRevenue

$12.4MAssets

85/100Mission Score (Excellent)

T20

About Abram And Ray Kaplan Foundation

Abram And Ray Kaplan Foundation (EIN: 133798875) is a nonprofit organization based in Elbert, CO, classified under NTEE code T20. The organization reported total revenue of $2.9M and total assets of $12.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Abram And Ray Kaplan Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Abram And Ray Kaplan Foundation appears to be a grant-making organization, as indicated by its NTEE code T20 (Private Grantmaking Foundations) and consistent operational pattern. Over the past six years, the foundation has consistently spent more than its revenue, drawing down its assets from $16.59 million in 2015 to $12.95 million in 2023. For example, in 2023, the foundation reported revenue of $1,110,809 against expenses of $2,065,828. This spending pattern suggests a strategy of distributing funds from its endowment rather than solely relying on annual contributions. The foundation maintains a very lean operational structure with 0% officer compensation reported across all available filings, indicating high efficiency in administrative costs related to executive pay. However, without a detailed breakdown of expenses beyond total expenses, it's challenging to fully assess the efficiency of program spending versus other administrative or fundraising costs. The consistent liabilities of $20,000 in recent years are minor relative to its asset base.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Abram And Ray Kaplan Foundation 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Abram And Ray Kaplan Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the foundation operates with no paid officers or that officers are compensated through other means not reported as direct compensation, which is highly efficient for an organization of its asset size.

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 Abram And Ray Kaplan Foundation's IRS 990 filings:

Consistent asset draw-down without clear explanation of long-term sustainability strategy (though common for endowments)
Lack of detailed expense breakdown beyond total expenses in public filings

Strengths

The following positive indicators were identified for Abram And Ray Kaplan Foundation:

0% officer compensation, indicating extremely low executive overhead
Consistent distribution of funds, fulfilling its grantmaking purpose
Healthy asset base of over $12 million, providing significant capacity for future grantmaking

Frequently Asked Questions about Abram And Ray Kaplan Foundation

Is Abram And Ray Kaplan Foundation a good charity?

As a private grantmaking foundation, its 'goodness' is primarily measured by its grantmaking impact and efficiency. With 0% officer compensation and a consistent pattern of distributing funds (spending more than revenue), it appears to be efficiently managed in terms of executive costs. However, without details on its grant recipients or specific program outcomes, a full assessment of its charitable impact is limited.

Why does the foundation consistently spend more than it earns?

This is a common strategy for private foundations that operate with an endowment. They generate investment income (revenue) but also distribute a portion of their principal (assets) as grants, leading to expenses exceeding annual revenue. This allows them to fulfill their philanthropic mission by distributing funds accumulated over time.

What are the primary expenses of the foundation?

While the filings only provide total expenses, for a private grantmaking foundation, the vast majority of expenses would typically be grants paid to other organizations (program service expenses), along with minimal administrative costs for managing the foundation and its investments. The 0% officer compensation suggests very low overhead in that specific area.

How transparent is the foundation?

The foundation files its IRS Form 990s, which provides basic financial transparency. However, without detailed breakdowns of grant recipients or specific program activities within the 990, the level of programmatic transparency is moderate. The consistent reporting of 0% officer compensation is a clear and transparent financial fact.

Filing History

IRS 990 filing history for Abram And Ray Kaplan Foundation showing financial trends over 6 years of public records:

Over 6 years of IRS 990 filings (2015–2023), Abram And Ray Kaplan Foundation's revenue has grown by 41.2%, moving from $787K to $1.1M. Total assets decreased by 22% over the same period, from $16.6M to $12.9M. Total functional expenses rose by 63.7%, from $1.3M to $2.1M. In its most recent filing year (2023), Abram And Ray Kaplan Foundation reported a deficit of $955K, with expenses exceeding revenue. The organization holds $20K in liabilities against $12.9M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $12.9M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.1M	$2.1M	$12.9M	$20K	—	—
2022	$1.5M	$1.8M	$13.9M	$20K	—	View 990
2021	$1.1M	$1.6M	$14.2M	$20K	—	View 990
2020	$1.1M	$1.7M	$14.7M	$20K	—	View 990
2019	$1.4M	$1.6M	$15.2M	$19K	—	View 990
2015	$787K	$1.3M	$16.6M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.1M, expenses of $2.1M, and assets of $12.9M (revenue -26.5% year-over-year).
2022: Revenue of $1.5M, expenses of $1.8M, and assets of $13.9M (revenue +39.8% year-over-year).
2021: Revenue of $1.1M, expenses of $1.6M, and assets of $14.2M (revenue -3.7% year-over-year).
2020: Revenue of $1.1M, expenses of $1.7M, and assets of $14.7M (revenue -21.5% year-over-year).
2019: Revenue of $1.4M, expenses of $1.6M, and assets of $15.2M (revenue +81.9% year-over-year).
2015: Revenue of $787K, expenses of $1.3M, and assets of $16.6M.

Data Sources and Methodology

This transparency report for Abram And Ray Kaplan Foundation 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.