Brass Family Foundation
Brass Family Foundation maintains over $2 million in assets despite recent years of expenses exceeding revenue and no officer compensation.
EIN: 208084679 · Lennox, SD · NTEE: T20 · Updated: 2026-03-28
Is Brass Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brass Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brass Family Foundation
Brass Family Foundation (EIN: 208084679) is a nonprofit organization based in Lennox, SD, classified under NTEE code T20. The organization reported total revenue of $1.7M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brass Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brass Family Foundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $69K |
| Total Expenses | $125K |
| Surplus / Deficit | $-55,580 |
| Total Assets | $2.1M |
| Total Liabilities | $1 |
| Net Assets | $2.1M |
| Operating Margin | -80.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 204.8 months |
Financial Health Grade: B
In 2023, Brass Family Foundation reported a deficit of $56K with expenses exceeding revenue, holds 204.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Brass Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -103.6% | +3.6% | -7.0% |
| 2021 | +12.9% | +11.7% | -0.9% |
| 2020 | -27.0% | -3.8% | -1.0% |
| 2019 | -42.8% | -10.2% | -6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Brass Family 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: 80%
- fundraising: 0%
According to IRS 990 filings, Brass Family Foundation allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% 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 $56K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Brass Family Foundation reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives. This is a strong positive for efficiency, as all operational expenses are directed towards administrative functions or program activities, rather than executive salaries.
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 Brass Family Foundation's IRS 990 filings:
- Expenses consistently exceeding revenue in recent years (e.g., $124,686 expenses vs. $69,106 revenue in 2023; $155,670 expenses vs. $-4,648 revenue in 2022), indicating reliance on asset drawdowns or prior surpluses.
- Negative revenue reported in 2022, which could indicate significant investment losses or returns of contributions.
Strengths
The following positive indicators were identified for Brass Family Foundation:
- Strong and consistent asset base, generally above $2 million, providing long-term stability.
- 0% officer compensation reported across all filings, indicating high efficiency and dedication of resources to the mission.
- Consistent IRS 990 filing history (10 filings), demonstrating transparency and compliance.
- Very low liabilities ($1 across all filings), indicating minimal debt and strong financial health.
Frequently Asked Questions about Brass Family Foundation
Is Brass Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Brass Family Foundation (EIN: 208084679) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Brass Family Foundation spend its money?
Brass Family Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Brass Family Foundation tax-deductible?
Brass Family Foundation is registered as a tax-exempt nonprofit (EIN: 208084679). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Brass Family Foundation financially stable?
Yes, the Brass Family Foundation appears financially stable with assets consistently above $2 million, reaching $2,263,513 in the latest period. While recent expenses have exceeded revenue, its substantial asset base provides a buffer.
Does the Brass Family Foundation pay its officers?
No, the Brass Family Foundation reports 0% officer compensation in all available IRS 990 filings, indicating that its officers are not paid salaries.
What is the trend in the foundation's revenue?
The foundation's revenue has been highly variable, with a significant drop to $69,106 in 2023 and even negative revenue of $-4,648 in 2022, contrasting with higher revenues in earlier years like $431,409 in 2013.
How efficient is the Brass Family Foundation with its spending?
The foundation demonstrates high efficiency by not paying officer compensation. Without a detailed breakdown of program vs. administrative expenses, a precise efficiency ratio is difficult, but the lack of executive salaries suggests a lean operational model.
Filing History
IRS 990 filing history for Brass Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Brass Family Foundation's revenue has declined by 64.7%, moving from $196K to $69K. Total assets increased by 5.9% over the same period, from $2.0M to $2.1M. Total functional expenses rose by 0.1%, from $125K to $125K. In its most recent filing year (2023), Brass Family Foundation reported a deficit of $56K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $69K | $125K | $2.1M | $1 | — | — |
| 2022 | $-4,648 | $156K | $2.2M | $1 | — | View 990 |
| 2021 | $129K | $150K | $2.3M | $1 | — | View 990 |
| 2020 | $114K | $134K | $2.4M | $1 | — | View 990 |
| 2019 | $156K | $140K | $2.4M | $1 | — | View 990 |
| 2015 | $273K | $156K | $2.6M | $1 | — | View 990 |
| 2014 | $203K | $131K | $2.5M | $1 | — | View 990 |
| 2013 | $431K | $135K | $2.4M | $1 | — | View 990 |
| 2012 | $214K | $126K | $2.1M | $1 | — | View 990 |
| 2011 | $196K | $125K | $2.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $69K, expenses of $125K, and assets of $2.1M.
- 2022: Revenue of $-4,648, expenses of $156K, and assets of $2.2M (revenue -103.6% year-over-year).
- 2021: Revenue of $129K, expenses of $150K, and assets of $2.3M (revenue +12.9% year-over-year).
- 2020: Revenue of $114K, expenses of $134K, and assets of $2.4M (revenue -27.0% year-over-year).
- 2019: Revenue of $156K, expenses of $140K, and assets of $2.4M (revenue -42.8% year-over-year).
- 2015: Revenue of $273K, expenses of $156K, and assets of $2.6M (revenue +34.7% year-over-year).
- 2014: Revenue of $203K, expenses of $131K, and assets of $2.5M (revenue -53.1% year-over-year).
- 2013: Revenue of $431K, expenses of $135K, and assets of $2.4M (revenue +102.0% year-over-year).
- 2012: Revenue of $214K, expenses of $126K, and assets of $2.1M (revenue +9.0% year-over-year).
- 2011: Revenue of $196K, expenses of $125K, and assets of $2.0M.
Data Sources and Methodology
This transparency report for Brass Family 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.