Alexander Eastman Foundation
Alexander Eastman Foundation maintains substantial assets despite recent operational deficits and reports no officer compensation.
EIN: 20222124 · Derry, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $837K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $10.2M |
| Transparency Score | 85/100 |
Is Alexander Eastman Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Alexander Eastman Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Alexander Eastman Foundation
Alexander Eastman Foundation (EIN: 20222124) is a nonprofit organization based in Derry, NH. The organization reported total revenue of $1.1M and total assets of $12.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alexander Eastman Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alexander Eastman Foundation is a mid-size nonprofit that has been operating for 79 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $466K |
| Total Expenses | $837K |
| Surplus / Deficit | $-371,380 |
| Total Assets | $10.2M |
| Total Liabilities | $40K |
| Net Assets | $10.2M |
| Operating Margin | -79.7% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 146.1 months |
Financial Health Grade: B
In 2023, Alexander Eastman Foundation reported a deficit of $371K with expenses exceeding revenue, holds 146.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Alexander Eastman Foundation's revenue has declined at a compound annual growth rate (CAGR) of -7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -48.5% | -10.8% | +4.9% |
| 2022 | +8.8% | +11.4% | -21.2% |
| 2021 | +110.3% | +20.7% | +12.6% |
| 2020 | -12.0% | -4.0% | +0.1% |
| 2019 | -14.7% | +5.0% | +3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1947 |
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 Alexander Eastman 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Alexander Eastman Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $371K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
The Alexander Eastman Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer or compensated through mechanisms not classified as officer compensation, which is highly unusual for an organization with over $1 million in annual revenue and $12 million in assets.
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 Alexander Eastman Foundation's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 2023 expenses nearly double revenue), indicating reliance on asset drawdowns or investment income to sustain operations.
- Lack of detailed spending breakdown (program, admin, fundraising) in the provided summary makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Alexander Eastman Foundation:
- Strong financial stability with substantial assets ($12,116,351) and low liabilities.
- Consistent reporting of 0% officer compensation, indicating high transparency and potentially volunteer leadership.
- Long history of IRS 990 filings (10 filings), demonstrating consistent compliance and transparency.
- Significant asset base provides a buffer against revenue fluctuations and supports long-term sustainability.
Frequently Asked Questions about Alexander Eastman Foundation
Is Alexander Eastman Foundation a legitimate charity?
Alexander Eastman Foundation (EIN: 20222124) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.1M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Alexander Eastman Foundation spend its money?
Alexander Eastman Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Alexander Eastman Foundation tax-deductible?
Alexander Eastman Foundation is registered as a tax-exempt nonprofit (EIN: 20222124). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Alexander Eastman Foundation CEO make?
Alexander Eastman Foundation's highest-compensated officer earns $1 annually. The organization reported $1.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Alexander Eastman Foundation's spending goes to programs?
Alexander Eastman Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Alexander Eastman Foundation located?
Alexander Eastman Foundation is headquartered in Derry, New Hampshire and files with the IRS under EIN 20222124.
How many years of IRS 990 filings does Alexander Eastman Foundation have?
Alexander Eastman Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.1M in total revenue.
Is the Alexander Eastman Foundation financially stable?
Yes, the foundation is financially stable, evidenced by its substantial assets of $12,116,351 and consistently low liabilities, despite recent years showing expenses exceeding revenue.
How does the foundation cover its operational deficits?
Given the consistent operational deficits in recent years (e.g., $837,134 expenses vs. $465,754 revenue in 2023), the foundation likely covers these through its significant asset base, potentially drawing from an endowment or investment returns.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation suggests a high level of volunteer leadership or that executive compensation is structured in a way not reported under this category, which generally indicates strong financial stewardship and a focus on mission over executive pay.
Filing History
IRS 990 filing history for Alexander Eastman Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Alexander Eastman Foundation's revenue has declined by 62.2%, moving from $1.2M to $466K. Total assets decreased by 2.2% over the same period, from $10.4M to $10.2M. Total functional expenses rose by 26%, from $664K to $837K. In its most recent filing year (2023), Alexander Eastman Foundation reported a deficit of $371K, with expenses exceeding revenue. The organization holds $40K in liabilities against $10.2M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $10.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $466K | $837K | $10.2M | $40K | — | — |
| 2022 | $905K | $939K | $9.7M | $86K | — | View 990 |
| 2021 | $832K | $843K | $12.3M | $277K | — | — |
| 2020 | $395K | $699K | $11.0M | $188K | — | — |
| 2019 | $449K | $728K | $10.9M | $239K | — | View 990 |
| 2015 | $527K | $693K | $10.6M | $169K | — | View 990 |
| 2014 | $696K | $652K | $11.9M | $158K | — | View 990 |
| 2013 | $737K | $655K | $11.8M | $162K | — | View 990 |
| 2012 | $607K | $606K | $11.6M | $165K | — | View 990 |
| 2011 | $1.2M | $664K | $10.4M | $246K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $466K, expenses of $837K, and assets of $10.2M (revenue -48.5% year-over-year).
- 2022: Revenue of $905K, expenses of $939K, and assets of $9.7M (revenue +8.8% year-over-year).
- 2021: Revenue of $832K, expenses of $843K, and assets of $12.3M (revenue +110.3% year-over-year).
- 2020: Revenue of $395K, expenses of $699K, and assets of $11.0M (revenue -12.0% year-over-year).
- 2019: Revenue of $449K, expenses of $728K, and assets of $10.9M (revenue -14.7% year-over-year).
- 2015: Revenue of $527K, expenses of $693K, and assets of $10.6M (revenue -24.3% year-over-year).
- 2014: Revenue of $696K, expenses of $652K, and assets of $11.9M (revenue -5.5% year-over-year).
- 2013: Revenue of $737K, expenses of $655K, and assets of $11.8M (revenue +21.3% year-over-year).
- 2012: Revenue of $607K, expenses of $606K, and assets of $11.6M (revenue -50.7% year-over-year).
- 2011: Revenue of $1.2M, expenses of $664K, and assets of $10.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alexander Eastman Foundation:
Data Sources and Methodology
This transparency report for Alexander Eastman 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.