Casten Family Foundation Inc

Casten Family Foundation consistently expends more than annual revenue, relying on its multi-million dollar asset base.

EIN: 134074089 · Hinsdale, IL · NTEE: T20 · Updated: 2026-03-28

$540KRevenue

$2.9MAssets

85/100Mission Score (Excellent)

T20

About Casten Family Foundation Inc

Casten Family Foundation Inc (EIN: 134074089) is a nonprofit organization based in Hinsdale, IL, classified under NTEE code T20. The organization reported total revenue of $540K and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Casten Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Casten Family Foundation Inc. demonstrates a consistent pattern of grantmaking, with expenses generally exceeding revenue in recent years, indicating a reliance on its substantial asset base of approximately $2.7 million to $3.2 million. For instance, in 2023, expenses were $309,240 against revenue of $69,314, and in 2022, expenses were $317,941 against revenue of $62,749. This suggests a strategy of distributing funds from its endowment rather than solely from annual contributions. The organization consistently reports zero officer compensation, which is a strong indicator of financial efficiency and a commitment to directing funds towards its mission rather than administrative overhead related to executive salaries. The foundation's liabilities have consistently been minimal, often reported as $1, which points to sound financial management and a low-risk financial structure. While specific program spending details are not provided in the summary data, the overall financial health appears stable due to its significant assets, despite the operational deficit in several recent years.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Casten 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, Casten 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 the foundation's leadership is either unpaid or compensated through other means not reported as officer compensation, which is highly efficient for a foundation of its size with assets nearing $3 million.

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 Casten Family Foundation Inc's IRS 990 filings:

Consistent operational deficits (expenses exceeding revenue) in recent years, e.g., 2023 ($309,240 expenses vs. $69,314 revenue) and 2022 ($317,941 expenses vs. $62,749 revenue), indicating reliance on asset drawdowns.

Strengths

The following positive indicators were identified for Casten Family Foundation Inc:

Zero officer compensation reported across all filings, demonstrating high efficiency and commitment to mission.
Substantial and stable asset base (e.g., $2,897,879 latest assets), providing long-term financial security.
Minimal liabilities (often $1), indicating sound financial management and low financial risk.

Frequently Asked Questions about Casten Family Foundation Inc

Is Casten Family Foundation Inc. financially stable?

Yes, despite frequently spending more than its annual revenue (e.g., $309,240 expenses vs. $69,314 revenue in 2023), the foundation maintains a robust asset base, consistently around $2.7 million to $3.2 million, ensuring long-term stability.

How efficient is Casten Family Foundation Inc. with its spending?

The foundation appears highly efficient, reporting 0% officer compensation across all filings. This suggests that nearly all operational expenses are directed towards administrative and program costs, with no executive salary burden.

What is the trend in the foundation's assets?

The foundation's assets have remained relatively stable over the past decade, fluctuating between approximately $2.7 million and $3.2 million, indicating a well-managed endowment despite periods of operational deficits.

Filing History

IRS 990 filing history for Casten Family Foundation Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Casten Family Foundation Inc's revenue has declined by 41.3%, moving from $118K to $69K. Total assets decreased by 5.8% over the same period, from $2.9M to $2.7M. Total functional expenses rose by 34%, from $231K to $309K. In its most recent filing year (2023), Casten Family Foundation Inc reported a deficit of $240K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.7M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$69K	$309K	$2.7M	$1	—	View 990
2022	$63K	$318K	$3.0M	$1	—	View 990
2021	$540K	$310K	$3.2M	$1	—	View 990
2020	$311K	$377K	$3.0M	$1	—	View 990
2019	$-75,010	$484K	$3.1M	$1	—	—
2015	$282K	$300K	$3.0M	$1	—	View 990
2014	$489K	$221K	$3.0M	$0	—	View 990
2013	$236K	$339K	$2.7M	$13K	—	View 990
2012	$71K	$149K	$2.8M	$0	—	View 990
2011	$118K	$231K	$2.9M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $69K, expenses of $309K, and assets of $2.7M (revenue +10.5% year-over-year).
2022: Revenue of $63K, expenses of $318K, and assets of $3.0M (revenue -88.4% year-over-year).
2021: Revenue of $540K, expenses of $310K, and assets of $3.2M (revenue +73.3% year-over-year).
2020: Revenue of $311K, expenses of $377K, and assets of $3.0M.
2019: Revenue of $-75,010, expenses of $484K, and assets of $3.1M (revenue -126.6% year-over-year).
2015: Revenue of $282K, expenses of $300K, and assets of $3.0M (revenue -42.2% year-over-year).
2014: Revenue of $489K, expenses of $221K, and assets of $3.0M (revenue +107.3% year-over-year).
2013: Revenue of $236K, expenses of $339K, and assets of $2.7M (revenue +231.7% year-over-year).
2012: Revenue of $71K, expenses of $149K, and assets of $2.8M (revenue -39.8% year-over-year).
2011: Revenue of $118K, expenses of $231K, and assets of $2.9M.

Data Sources and Methodology

This transparency report for Casten 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.