Charles And Ellen Cogut Family Foundation Inc
Charles And Ellen Cogut Family Foundation consistently spends more than it earns, drawing down assets.
EIN: 113294488 · South Kent, CT · NTEE: T00J · Updated: 2026-03-28
Is Charles And Ellen Cogut Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Charles And Ellen Cogut Family Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Charles And Ellen Cogut Family Foundation Inc
Charles And Ellen Cogut Family Foundation Inc (EIN: 113294488) is a nonprofit organization based in South Kent, CT, classified under NTEE code T00J. The organization reported total revenue of $170K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charles And Ellen Cogut Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Charles And Ellen Cogut Family Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Charles And Ellen Cogut Family Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through non-officer roles, which is a strong positive for minimizing administrative overhead.
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 Charles And Ellen Cogut Family Foundation Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in most recent periods, leading to asset depletion.
- Declining asset base over the past several years (from $1,862,194 in 2019 to $1,469,792 in 2023).
Strengths
The following positive indicators were identified for Charles And Ellen Cogut Family Foundation Inc:
- Zero officer compensation reported, indicating efficient use of funds for leadership.
- Minimal liabilities ($0 or $1 across all filings) demonstrating strong financial management.
- Substantial asset base ($1,469,792 in 2023) providing capacity for grant-making.
- Consistent filing history, indicating good transparency and compliance.
Frequently Asked Questions about Charles And Ellen Cogut Family Foundation Inc
Is Charles And Ellen Cogut Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Charles And Ellen Cogut Family Foundation Inc (EIN: 113294488) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Charles And Ellen Cogut Family Foundation Inc spend its money?
Charles And Ellen Cogut Family Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Charles And Ellen Cogut Family Foundation Inc tax-deductible?
Charles And Ellen Cogut Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113294488). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Charles And Ellen Cogut Family Foundation Inc financially sustainable long-term given its spending patterns?
The foundation has consistently spent more than its revenue in most recent periods, leading to a decline in assets from $1,862,194 in 2019 to $1,469,792 in 2023. While it has a substantial asset base, this trend suggests a spend-down model, which may not be sustainable indefinitely without new significant contributions.
What is the primary purpose of this foundation?
As a private family foundation (NTEE Code T00J), its primary purpose is typically to manage and distribute grants to other charitable organizations or individuals, rather than direct program delivery.
How does the lack of officer compensation impact the foundation's efficiency?
The consistent reporting of 0% officer compensation significantly reduces administrative overhead related to executive salaries, allowing a greater proportion of funds to be directed towards its philanthropic mission.
Filing History
IRS 990 filing history for Charles And Ellen Cogut Family Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Charles And Ellen Cogut Family Foundation Inc's revenue has declined by 50.7%, moving from $204K to $101K. Total assets increased by 18.3% over the same period, from $1.2M to $1.5M. Total functional expenses rose by 226.6%, from $47K to $155K. In its most recent filing year (2023), Charles And Ellen Cogut Family Foundation Inc reported a deficit of $54K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $101K | $155K | $1.5M | $1 | — | — |
| 2022 | $6K | $16K | $1.5M | $1 | — | View 990 |
| 2022 | $70K | $143K | $1.5M | $1 | — | View 990 |
| 2021 | $40K | $161K | $1.6M | $1 | — | — |
| 2020 | $96K | $230K | $1.7M | $1 | — | — |
| 2019 | $158K | $237K | $1.9M | $0 | — | View 990 |
| 2015 | $168K | $234K | $1.6M | $0 | — | View 990 |
| 2014 | $215K | $206K | $1.7M | $0 | — | View 990 |
| 2013 | $405K | $91K | $1.7M | $0 | — | View 990 |
| 2012 | $230K | $93K | $1.4M | $0 | — | View 990 |
| 2011 | $204K | $47K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $101K, expenses of $155K, and assets of $1.5M (revenue +1500.8% year-over-year).
- 2022: Revenue of $6K, expenses of $16K, and assets of $1.5M (revenue -91.0% year-over-year).
- 2022: Revenue of $70K, expenses of $143K, and assets of $1.5M (revenue +75.7% year-over-year).
- 2021: Revenue of $40K, expenses of $161K, and assets of $1.6M (revenue -58.6% year-over-year).
- 2020: Revenue of $96K, expenses of $230K, and assets of $1.7M (revenue -39.4% year-over-year).
- 2019: Revenue of $158K, expenses of $237K, and assets of $1.9M (revenue -5.6% year-over-year).
- 2015: Revenue of $168K, expenses of $234K, and assets of $1.6M (revenue -22.0% year-over-year).
- 2014: Revenue of $215K, expenses of $206K, and assets of $1.7M (revenue -46.9% year-over-year).
- 2013: Revenue of $405K, expenses of $91K, and assets of $1.7M (revenue +76.2% year-over-year).
- 2012: Revenue of $230K, expenses of $93K, and assets of $1.4M (revenue +12.5% year-over-year).
- 2011: Revenue of $204K, expenses of $47K, and assets of $1.2M.
Data Sources and Methodology
This transparency report for Charles And Ellen Cogut 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.