Chase Family Foundation Inc
Chase Family Foundation maintains stable assets and no officer compensation amidst fluctuating revenues.
EIN: 203304142 · Milwaukee, WI · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $370K |
| Program Spending | 95% |
| Net Assets | $5.9M |
| Transparency Score | 90/100 |
Is Chase 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 →
Chase Family Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chase Family Foundation Inc
Chase Family Foundation Inc (EIN: 203304142) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code T20. The organization reported total revenue of $2.4M and total assets of $5.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chase Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chase Family Foundation Inc is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 27.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $372K |
| Total Expenses | $370K |
| Surplus / Deficit | +$2K |
| Total Assets | $5.9M |
| Total Liabilities | $2K |
| Net Assets | $5.9M |
| Operating Margin | 0.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 190.6 months |
Financial Health Grade: A
In 2023, Chase Family Foundation Inc reported a surplus of $2K with revenue exceeding expenses, holds 190.6 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), Chase Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 27.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +107.0% | -18.4% | +0.0% |
| 2022 | -70.4% | +0.8% | -4.4% |
| 2020 | -107.2% | -1.5% | -7.4% |
| 2019 | +490.3% | +869.1% | +1689.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Chase Family Foundation Inc with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Chase Family Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers and key employees do not receive salaries from the foundation. This is a strong positive for a foundation of its size, as it means all operational expenses are directed towards non-personnel costs or directly to grants.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Chase Family Foundation Inc's IRS 990 filings:
- Negative revenue reported in 2020 ($-45,722), which could indicate significant investment losses or accounting adjustments.
Strengths
The following positive indicators were identified for Chase Family Foundation Inc:
- Consistent asset base, demonstrating financial stability (e.g., $5,872,524 in 2023 assets).
- No officer compensation reported across all filings, indicating efficient use of funds and volunteer leadership.
- Strong program focus as a grantmaking foundation, with nearly all expenses directed towards its mission.
- Consistent IRS 990 filing history, indicating good transparency and compliance.
Frequently Asked Questions about Chase Family Foundation Inc
Is Chase Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Chase Family Foundation Inc (EIN: 203304142) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Chase Family Foundation Inc spend its money?
Chase Family Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Chase Family Foundation Inc tax-deductible?
Chase Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203304142). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Chase Family Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Chase Family Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chase Family Foundation Inc located?
Chase Family Foundation Inc is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 203304142. It is classified under NTEE code T20.
How many years of IRS 990 filings does Chase Family Foundation Inc have?
Chase Family Foundation Inc 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 $2.4M in total revenue.
What is the primary source of the foundation's revenue, given its fluctuations?
As a private foundation, its revenue likely comes from investment returns on its endowment, which can fluctuate significantly year-to-year, as seen with the -$45,722 in revenue in 2020.
How does the foundation manage periods where expenses exceed revenue, such as in 2022?
In periods like 2022, where expenses ($452,770) exceeded revenue ($179,751), the foundation likely draws from its substantial asset base (e.g., $5,870,173 in assets in 2022) or accumulated prior year surpluses to cover its grantmaking and operational costs.
What specific types of programs or organizations does the Chase Family Foundation support?
While the NTEE code T20 indicates it's a private grantmaking foundation, the provided data does not specify the particular causes or organizations it funds. Further investigation into its grantmaking history would be needed.
Filing History
IRS 990 filing history for Chase Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Chase Family Foundation Inc's revenue has grown by 1718.8%, moving from $20K to $372K. Total assets increased by 5040.5% over the same period, from $114K to $5.9M. Total functional expenses rose by 744%, from $44K to $370K. In its most recent filing year (2023), Chase Family Foundation Inc reported a surplus of $2K, with revenue exceeding expenses. The organization holds $2K in liabilities against $5.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $372K | $370K | $5.9M | $2K | — | View 990 |
| 2022 | $180K | $453K | $5.9M | $2K | — | View 990 |
| 2021 | $607K | $449K | $6.1M | $2K | — | — |
| 2020 | $-45,722 | $430K | $6.0M | $2K | — | — |
| 2019 | $636K | $436K | $6.5M | $2K | — | View 990 |
| 2015 | $108K | $45K | $361K | $1 | — | View 990 |
| 2014 | $28K | $45K | $298K | $1 | — | View 990 |
| 2013 | $29K | $45K | $315K | $1 | — | View 990 |
| 2012 | $260K | $43K | $331K | $1 | — | View 990 |
| 2011 | $20K | $44K | $114K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $372K, expenses of $370K, and assets of $5.9M (revenue +107.0% year-over-year).
- 2022: Revenue of $180K, expenses of $453K, and assets of $5.9M (revenue -70.4% year-over-year).
- 2021: Revenue of $607K, expenses of $449K, and assets of $6.1M.
- 2020: Revenue of $-45,722, expenses of $430K, and assets of $6.0M (revenue -107.2% year-over-year).
- 2019: Revenue of $636K, expenses of $436K, and assets of $6.5M (revenue +490.3% year-over-year).
- 2015: Revenue of $108K, expenses of $45K, and assets of $361K (revenue +286.6% year-over-year).
- 2014: Revenue of $28K, expenses of $45K, and assets of $298K (revenue -3.9% year-over-year).
- 2013: Revenue of $29K, expenses of $45K, and assets of $315K (revenue -88.8% year-over-year).
- 2012: Revenue of $260K, expenses of $43K, and assets of $331K (revenue +1169.4% year-over-year).
- 2011: Revenue of $20K, expenses of $44K, and assets of $114K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chase Family Foundation Inc:
Data Sources and Methodology
This transparency report for Chase 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.