Cigarran Family Foundation
Cigarran Family Foundation's expenses consistently exceed revenue, leading to significant asset depletion.
EIN: 205348055 · Nashville, TN · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $1.3M |
| Program Spending | 95% |
| Net Assets | $926K |
| Transparency Score | 80/100 |
Is Cigarran Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cigarran Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cigarran Family Foundation
Cigarran Family Foundation (EIN: 205348055) is a nonprofit organization based in Nashville, TN, classified under NTEE code T22. The organization reported total revenue of $2.8M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cigarran Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cigarran Family Foundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 21.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $130K |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-1,187,445 |
| Total Assets | $926K |
| Total Liabilities | $1 |
| Net Assets | $926K |
| Operating Margin | -910.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 8.4 months |
Financial Health Grade: B
In 2023, Cigarran Family Foundation reported a deficit of $1.2M with expenses exceeding revenue, holds 8.4 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), Cigarran Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 21.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -60.4% | -42.5% | -56.2% |
| 2022 | -77.8% | +44.2% | -48.1% |
| 2021 | -2.4% | +69.2% | -2.5% |
| 2020 | -54.5% | +5.7% | +16.1% |
| 2019 | +153216.2% | +39073.8% | +376.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Cigarran Family Foundation with a Mission Score of 80 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, Cigarran Family Foundation 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 deficit of $1.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officer salaries are paid, which is highly efficient for a foundation of its size and ensures all funds are directed towards its mission or operational costs.
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 Cigarran Family Foundation's IRS 990 filings:
- Consistent and significant deficit spending (expenses far exceeding revenue) in recent years.
- Rapid depletion of assets, declining from over $4M in 2020 to $926K in 2023.
- Negative revenue reported in 2013 (-$452,857), indicating potential investment losses or significant returns.
Strengths
The following positive indicators were identified for Cigarran Family Foundation:
- Zero officer compensation reported across all filings, indicating high administrative efficiency.
- Extremely low liabilities ($1 in most recent filings), suggesting sound financial management and minimal debt.
- As a private grantmaking foundation (NTEE T22), its operational model typically involves direct grant disbursements, aligning with a strong program focus.
Frequently Asked Questions about Cigarran Family Foundation
Is Cigarran Family Foundation a legitimate charity?
Cigarran Family Foundation (EIN: 205348055) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 80/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.8M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Cigarran Family Foundation spend its money?
Cigarran Family Foundation directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Cigarran Family Foundation tax-deductible?
Cigarran Family Foundation is registered as a tax-exempt nonprofit (EIN: 205348055). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Cigarran Family Foundation compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Cigarran Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cigarran Family Foundation located?
Cigarran Family Foundation is headquartered in Nashville, Tennessee and files with the IRS under EIN 205348055. It is classified under NTEE code T22.
How many years of IRS 990 filings does Cigarran Family Foundation have?
Cigarran Family Foundation 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 $2.8M in total revenue.
Is the Cigarran Family Foundation financially sustainable given its current spending patterns?
The foundation's expenses have significantly outpaced its revenue in recent years (e.g., $1.3M expenses vs. $130K revenue in 2023), leading to a substantial decline in assets from over $4M in 2020 to under $1M in 2023. This trend suggests a reliance on existing assets rather than new income, which is not sustainable long-term without new significant contributions.
What is the primary reason for the significant decrease in assets?
The primary reason for the decrease in assets is the consistent expenditure of funds exceeding incoming revenue. For example, in 2023, the foundation spent $1,317,864 while only generating $130,419 in revenue, directly drawing down its asset base.
How does the 0% officer compensation impact the foundation's efficiency?
The 0% officer compensation is a strong indicator of high efficiency, as it means no funds are diverted to executive salaries. This allows a greater proportion of resources to be allocated directly to the foundation's programmatic activities or grantmaking.
Filing History
IRS 990 filing history for Cigarran Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Cigarran Family Foundation's revenue has grown by 959.5%, moving from $12K to $130K. Total assets decreased by 37.2% over the same period, from $1.5M to $926K. Total functional expenses rose by 16389.8%, from $8K to $1.3M. In its most recent filing year (2023), Cigarran Family Foundation reported a deficit of $1.2M, with expenses exceeding revenue. The organization holds $1 in liabilities against $926K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $926K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $130K | $1.3M | $926K | $1 | — | — |
| 2022 | $329K | $2.3M | $2.1M | $1 | — | View 990 |
| 2021 | $1.5M | $1.6M | $4.1M | $1 | — | — |
| 2020 | $1.5M | $939K | $4.2M | $1 | — | View 990 |
| 2019 | $3.3M | $888K | $3.6M | $1 | — | View 990 |
| 2015 | $2K | $2K | $755K | $1 | — | View 990 |
| 2014 | $2K | $8K | $755K | $1 | — | View 990 |
| 2013 | $-452,857 | $263K | $761K | $1 | — | View 990 |
| 2012 | $2K | $2K | $1.5M | $1 | — | View 990 |
| 2011 | $12K | $8K | $1.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $130K, expenses of $1.3M, and assets of $926K (revenue -60.4% year-over-year).
- 2022: Revenue of $329K, expenses of $2.3M, and assets of $2.1M (revenue -77.8% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.6M, and assets of $4.1M (revenue -2.4% year-over-year).
- 2020: Revenue of $1.5M, expenses of $939K, and assets of $4.2M (revenue -54.5% year-over-year).
- 2019: Revenue of $3.3M, expenses of $888K, and assets of $3.6M (revenue +153216.2% year-over-year).
- 2015: Revenue of $2K, expenses of $2K, and assets of $755K (revenue -8.8% year-over-year).
- 2014: Revenue of $2K, expenses of $8K, and assets of $755K.
- 2013: Revenue of $-452,857, expenses of $263K, and assets of $761K (revenue -20023.3% year-over-year).
- 2012: Revenue of $2K, expenses of $2K, and assets of $1.5M (revenue -81.5% year-over-year).
- 2011: Revenue of $12K, expenses of $8K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cigarran Family Foundation:
Data Sources and Methodology
This transparency report for Cigarran Family Foundation 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.