Chester Foundation Tr
Chester Foundation Tr consistently grows assets with minimal expenses and no reported officer compensation.
EIN: 116624349 · Brooklyn, NY · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $478K |
| Program Spending | 90% |
| Net Assets | $7.6M |
| Transparency Score | 90/100 |
Is Chester Foundation Tr Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chester Foundation Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chester Foundation Tr
Chester Foundation Tr (EIN: 116624349) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code T21. The organization reported total revenue of $1.7M and total assets of $10.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chester Foundation Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chester Foundation Tr is a mid-size nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $929K |
| Total Expenses | $478K |
| Surplus / Deficit | +$451K |
| Total Assets | $7.6M |
| Total Liabilities | $1 |
| Net Assets | $7.6M |
| Operating Margin | 48.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 190.0 months |
Financial Health Grade: A
In 2023, Chester Foundation Tr reported a surplus of $451K with revenue exceeding expenses, holds 190.0 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), Chester Foundation Tr's revenue has grown at a compound annual growth rate (CAGR) of 11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.6% | +11.9% | +6.3% |
| 2022 | +10.0% | +64.5% | +14.0% |
| 2021 | -48.4% | +45.8% | +17.3% |
| 2020 | +394.8% | +22.8% | +65.8% |
| 2019 | +92.5% | +27.6% | +41.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Chester Foundation Tr 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Chester Foundation Tr 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $451K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating either a fully volunteer-led executive team or that compensation is covered by an external entity, which is highly favorable for donor perception and resource allocation.
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.
Strengths
The following positive indicators were identified for Chester Foundation Tr:
- Consistent asset growth, from $972,328 in 2011 to $10,226,457 currently, indicating strong financial management.
- Extremely low expense ratio relative to revenue, suggesting highly efficient operations (e.g., 2023 expenses were $477,746 against $928,528 revenue).
- Zero reported officer compensation across all filings, demonstrating a commitment to directing resources towards the mission.
- Excellent financial stability with consistently low liabilities ($1 in recent years).
- Consistent IRS 990 filing history over a decade, indicating good governance and transparency.
Frequently Asked Questions about Chester Foundation Tr
Is Chester Foundation Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Chester Foundation Tr (EIN: 116624349) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Chester Foundation Tr spend its money?
Chester Foundation Tr directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Chester Foundation Tr tax-deductible?
Chester Foundation Tr is registered as a tax-exempt nonprofit (EIN: 116624349). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Chester Foundation Tr compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Chester Foundation Tr is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chester Foundation Tr located?
Chester Foundation Tr is headquartered in Brooklyn, New York and files with the IRS under EIN 116624349. It is classified under NTEE code T21.
How many years of IRS 990 filings does Chester Foundation Tr have?
Chester Foundation Tr 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 $1.7M in total revenue.
What are the specific grantmaking activities or programs supported by Chester Foundation Tr?
The IRS 990 data indicates the organization is a Private Grantmaking Foundation (NTEE T21). While the filings show overall expenses, they do not detail the specific grants made or the beneficiaries. Further investigation into their public records or website would be needed to understand their grantmaking focus.
How does Chester Foundation Tr manage to operate with such low expenses relative to its revenue?
The consistently low expense figures, such as $477,746 in 2023 against $928,528 in revenue, suggest highly efficient operations, potentially with minimal overhead, volunteer staff, or a focus on endowment growth where a large portion of revenue is invested rather than spent annually.
What is the long-term strategy for the significant asset growth observed?
The foundation's assets have grown substantially from $972,328 in 2011 to $10,226,457 currently. This indicates a strategy of accumulating and investing capital, likely to build a substantial endowment for future grantmaking, though the specific long-term goals are not detailed in the provided financial data.
Filing History
IRS 990 filing history for Chester Foundation Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Chester Foundation Tr's revenue has grown by 252.5%, moving from $263K to $929K. Total assets increased by 678.2% over the same period, from $972K to $7.6M. Total functional expenses rose by 2076.5%, from $22K to $478K. In its most recent filing year (2023), Chester Foundation Tr reported a surplus of $451K, with revenue exceeding expenses. The organization holds $1 in liabilities against $7.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $929K | $478K | $7.6M | $1 | — | View 990 |
| 2022 | $1.3M | $427K | $7.1M | $1 | — | View 990 |
| 2021 | $1.2M | $260K | $6.2M | $1 | — | View 990 |
| 2020 | $2.3M | $178K | $5.3M | $1 | — | View 990 |
| 2019 | $463K | $145K | $3.2M | $0 | — | View 990 |
| 2015 | $240K | $114K | $2.3M | $0 | — | View 990 |
| 2014 | $506K | $67K | $2.1M | $0 | — | View 990 |
| 2013 | $505K | $32K | $1.7M | $0 | — | View 990 |
| 2012 | $371K | $98K | $1.2M | $0 | — | View 990 |
| 2011 | $263K | $22K | $972K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $929K, expenses of $478K, and assets of $7.6M (revenue -28.6% year-over-year).
- 2022: Revenue of $1.3M, expenses of $427K, and assets of $7.1M (revenue +10.0% year-over-year).
- 2021: Revenue of $1.2M, expenses of $260K, and assets of $6.2M (revenue -48.4% year-over-year).
- 2020: Revenue of $2.3M, expenses of $178K, and assets of $5.3M (revenue +394.8% year-over-year).
- 2019: Revenue of $463K, expenses of $145K, and assets of $3.2M (revenue +92.5% year-over-year).
- 2015: Revenue of $240K, expenses of $114K, and assets of $2.3M (revenue -52.5% year-over-year).
- 2014: Revenue of $506K, expenses of $67K, and assets of $2.1M (revenue +0.3% year-over-year).
- 2013: Revenue of $505K, expenses of $32K, and assets of $1.7M (revenue +36.1% year-over-year).
- 2012: Revenue of $371K, expenses of $98K, and assets of $1.2M (revenue +40.8% year-over-year).
- 2011: Revenue of $263K, expenses of $22K, and assets of $972K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chester Foundation Tr:
Data Sources and Methodology
This transparency report for Chester Foundation Tr 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.