Brian P Friedman Family Foundation Inc

Brian P Friedman Family Foundation shows strong asset base and zero executive compensation amidst fluctuating annual revenues.

EIN: 133705915 · East Hampton, NY · Updated: 2026-03-28

$27.0MRevenue

$18.7MAssets

85/100Mission Score (Excellent)

Is Brian P Friedman Family Foundation Inc Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

1 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Brian P Friedman Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Brian P Friedman Family Foundation Inc

Brian P Friedman Family Foundation Inc (EIN: 133705915) is a nonprofit organization based in East Hampton, NY. The organization reported total revenue of $27.0M and total assets of $18.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brian P Friedman Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Brian P Friedman Family Foundation Inc. exhibits a fluctuating financial profile, typical of a private foundation primarily engaged in grantmaking. In its latest reported period (202312), the organization reported significant revenue of $7,264,227 against expenses of $1,439,992, indicating a substantial surplus for that year. However, previous years show periods where expenses exceeded revenue, such as in 202212 ($866,533 revenue vs. $2,929,948 expenses) and 201912 ($367,339 revenue vs. $823,969 expenses). This pattern suggests that the foundation's financial health is heavily dependent on its investment performance and contributions, rather than consistent operational income.

The foundation consistently reports zero officer compensation across all available filings, which is a positive indicator of efficiency regarding executive pay. With liabilities consistently reported as $1, the organization appears to maintain a very strong balance sheet with minimal debt. The primary function of a family foundation is to distribute grants, and without detailed expense breakdowns beyond total expenses, it's challenging to precisely assess spending efficiency in terms of program vs. administrative costs. However, the absence of officer compensation suggests a lean operational structure at the top.

Transparency is generally good given the availability of 990 filings. The consistent reporting of minimal liabilities and zero officer compensation are strong points. To fully assess spending efficiency, a more granular breakdown of expenses (e.g., grants paid, administrative costs, fundraising costs) would be beneficial, which is not readily available from the summary data provided. The significant swings in revenue and expenses year-over-year are characteristic of foundations that rely on investment returns and large, infrequent contributions.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Brian P Friedman Family 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Brian P Friedman Family Foundation Inc 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 consistently reported as 0% across all filings, indicating that no officers or directors receive salaries from the foundation, which is highly efficient for an organization of its size with assets reaching $18,745,361.

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 Brian P Friedman Family Foundation Inc's IRS 990 filings:

Significant year-over-year revenue and expense volatility, making consistent operational analysis challenging.

Strengths

The following positive indicators were identified for Brian P Friedman Family Foundation Inc:

Consistently reports zero officer compensation, indicating high efficiency in executive pay.
Maintains a very strong balance sheet with minimal liabilities ($1 across all filings).
Significant asset base ($18,745,361 latest) provides long-term financial stability for its mission.
Latest period (202312) shows a substantial surplus ($7,264,227 revenue vs. $1,439,992 expenses).

Frequently Asked Questions about Brian P Friedman Family Foundation Inc

Is Brian P Friedman Family Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Brian P Friedman Family Foundation Inc (EIN: 133705915) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

How does Brian P Friedman Family Foundation Inc spend its money?

Brian P Friedman Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Brian P Friedman Family Foundation Inc tax-deductible?

Brian P Friedman Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133705915). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is the Brian P Friedman Family Foundation Inc. financially stable?

Yes, despite fluctuating annual revenues and expenses, the foundation maintains a strong asset base, most recently $18,745,361, and consistently reports minimal liabilities ($1), indicating robust financial stability.

How does the foundation manage executive compensation?

The foundation reports 0% officer compensation in all available filings, meaning no salaries are paid to its officers, which is a highly efficient practice.

What is the primary financial activity of this organization?

As a family foundation, its primary financial activity appears to be managing its endowment and distributing grants, as evidenced by significant revenue fluctuations and a strong asset base.

Filing History

IRS 990 filing history for Brian P Friedman Family Foundation Inc showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2011–2023), Brian P Friedman Family Foundation Inc's revenue has grown by 2313.2%, moving from $301K to $7.3M. Total assets decreased by 45.7% over the same period, from $7.5M to $4.1M. Total functional expenses rose by 224.8%, from $443K to $1.4M. In its most recent filing year (2023), Brian P Friedman Family Foundation Inc reported a surplus of $5.8M, with revenue exceeding expenses. The organization holds $1 in liabilities against $4.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$7.3M	$1.4M	$4.1M	$1	—	—
2022	$867K	$2.9M	$3.8M	$1	—	View 990
2021	$1.8M	$1.2M	$5.9M	$1	—	View 990
2020	$87K	$536K	$5.3M	$1	—	View 990
2019	$367K	$824K	$5.8M	$1	—	View 990
2014	$1.5M	$925K	$7.8M	$1	—	View 990
2013	$248K	$1.3M	$7.3M	$1	—	View 990
2012	$3.5M	$695K	$8.3M	$1	—	View 990
2011	$301K	$443K	$7.5M	$1	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $7.3M, expenses of $1.4M, and assets of $4.1M (revenue +738.3% year-over-year).
2022: Revenue of $867K, expenses of $2.9M, and assets of $3.8M (revenue -50.9% year-over-year).
2021: Revenue of $1.8M, expenses of $1.2M, and assets of $5.9M (revenue +1934.3% year-over-year).
2020: Revenue of $87K, expenses of $536K, and assets of $5.3M (revenue -76.4% year-over-year).
2019: Revenue of $367K, expenses of $824K, and assets of $5.8M (revenue -75.1% year-over-year).
2014: Revenue of $1.5M, expenses of $925K, and assets of $7.8M (revenue +495.8% year-over-year).
2013: Revenue of $248K, expenses of $1.3M, and assets of $7.3M (revenue -92.9% year-over-year).
2012: Revenue of $3.5M, expenses of $695K, and assets of $8.3M (revenue +1065.9% year-over-year).
2011: Revenue of $301K, expenses of $443K, and assets of $7.5M.

Data Sources and Methodology

This transparency report for Brian P Friedman Family 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.