Colburn Keenan Foundation Inc
Colburn Keenan Foundation maintains substantial assets despite consistent operational deficits in recent years.
EIN: 204634920 · Enfield, CT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $669K |
| Program Spending | 85% |
| Net Assets | $10.1M |
| Transparency Score | 75/100 |
Search Intent Cockpit
Colburn Keenan Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Colburn Keenan Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Colburn Keenan Foundation Inc in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $357K and expenses of $669K.
Revenue and Expenses
Colburn Keenan Foundation Inc reported $357K in revenue and $669K in expenses, a deficit of $312K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Colburn Keenan Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $569K (85%) |
Across stored filings, Colburn Keenan Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Teen Center Of Wilton Inc | Connecticut and Philanthropy context |
Trust Check
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Keep the Investigation Moving
Colburn Keenan Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Colburn Keenan Foundation Inc
Colburn Keenan Foundation Inc (EIN: 204634920) is a nonprofit organization based in Enfield, CT, classified under NTEE code T20. The organization reported total revenue of $2.5M and total assets of $10.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Colburn Keenan Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Colburn Keenan Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -12.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $357K |
| Total Expenses | $669K |
| Surplus / Deficit | $-311,552 |
| Total Assets | $10.1M |
| Total Liabilities | $68K |
| Net Assets | $10.1M |
| Operating Margin | -87.2% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 181.7 months |
Financial Health Grade: B
In 2023, Colburn Keenan Foundation Inc reported a deficit of $312K with expenses exceeding revenue, holds 181.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Colburn Keenan Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -12.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.2% | +1.9% | +8.9% |
| 2022 | -28.4% | -3.4% | -18.3% |
| 2021 | +63.9% | +5.4% | +20.7% |
| 2020 | +20.0% | +12.1% | -11.1% |
| 2019 | -48.1% | +8.6% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Colburn Keenan 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Colburn Keenan Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $312K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
The Colburn Keenan Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, 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 Colburn Keenan Foundation Inc's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 2023, 2022, 2020, 2019) where expenses exceed revenue.
- Lack of detailed breakdown for program, administrative, and fundraising expenses in the provided summary, making efficiency assessment difficult.
Strengths
The following positive indicators were identified for Colburn Keenan Foundation Inc:
- Substantial and stable asset base, consistently over $9 million, providing financial security.
- 0% officer compensation reported across all filings, indicating very low executive overhead.
- Consistent IRS 990 filing history, demonstrating transparency in reporting.
- Significant revenue generation in some years (e.g., $3.61M in 2012, $1.8M in 2011) indicating capacity for large contributions.
Frequently Asked Questions about Colburn Keenan Foundation Inc
Is Colburn Keenan Foundation Inc a legitimate charity?
Colburn Keenan Foundation Inc (EIN: 204634920) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.5M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Colburn Keenan Foundation Inc spend its money?
Colburn Keenan Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Colburn Keenan Foundation Inc tax-deductible?
Colburn Keenan Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204634920). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Colburn Keenan Foundation Inc's spending goes to programs?
Colburn Keenan Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Colburn Keenan Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Colburn Keenan 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 Colburn Keenan Foundation Inc located?
Colburn Keenan Foundation Inc is headquartered in Enfield, Connecticut and files with the IRS under EIN 204634920. It is classified under NTEE code T20.
How many years of IRS 990 filings does Colburn Keenan Foundation Inc have?
Colburn Keenan 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 $2.5M in total revenue.
How does the Colburn Keenan Foundation cover its operational deficits, such as the $311,552 deficit in 2023?
Given its substantial asset base (over $10 million in 2023), the foundation likely covers operational deficits through investment returns, drawing from its endowment, or utilizing prior year surpluses. Further analysis of investment income and endowment policies would clarify this.
What is the specific breakdown of program service expenses for a grantmaking foundation like Colburn Keenan?
As a grantmaking foundation, program service expenses would primarily consist of the grants and contributions made to other organizations or individuals. Without a detailed 990, the exact allocation of these funds to specific causes or recipients is not available in this summary.
What is the long-term strategy for managing the recurring revenue-expense imbalance?
The foundation's consistent asset base suggests a long-term strategy that may involve planned spending from its endowment or reliance on investment growth. However, sustained deficits could eventually erode assets if not balanced by significant future revenue or investment gains.
Filing History
IRS 990 filing history for Colburn Keenan Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Colburn Keenan Foundation Inc's revenue has declined by 80.2%, moving from $1.8M to $357K. Total assets increased by 39.1% over the same period, from $7.3M to $10.1M. Total functional expenses rose by 104.2%, from $328K to $669K. In its most recent filing year (2023), Colburn Keenan Foundation Inc reported a deficit of $312K, with expenses exceeding revenue. The organization holds $68K in liabilities against $10.1M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $10.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $357K | $669K | $10.1M | $68K | — | — |
| 2022 | $597K | $656K | $9.3M | $98K | — | View 990 |
| 2021 | $834K | $679K | $11.4M | $79K | — | View 990 |
| 2020 | $509K | $644K | $9.4M | $109K | — | View 990 |
| 2019 | $424K | $575K | $10.6M | $49K | — | — |
| 2015 | $817K | $529K | $10.3M | $99K | — | View 990 |
| 2014 | $451K | $721K | $11.0M | $124K | — | View 990 |
| 2013 | $497K | $614K | $11.2M | $70K | — | View 990 |
| 2012 | $3.6M | $401K | $10.5M | $0 | — | View 990 |
| 2011 | $1.8M | $328K | $7.3M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $357K, expenses of $669K, and assets of $10.1M (revenue -40.2% year-over-year).
- 2022: Revenue of $597K, expenses of $656K, and assets of $9.3M (revenue -28.4% year-over-year).
- 2021: Revenue of $834K, expenses of $679K, and assets of $11.4M (revenue +63.9% year-over-year).
- 2020: Revenue of $509K, expenses of $644K, and assets of $9.4M (revenue +20.0% year-over-year).
- 2019: Revenue of $424K, expenses of $575K, and assets of $10.6M (revenue -48.1% year-over-year).
- 2015: Revenue of $817K, expenses of $529K, and assets of $10.3M (revenue +81.0% year-over-year).
- 2014: Revenue of $451K, expenses of $721K, and assets of $11.0M (revenue -9.1% year-over-year).
- 2013: Revenue of $497K, expenses of $614K, and assets of $11.2M (revenue -86.2% year-over-year).
- 2012: Revenue of $3.6M, expenses of $401K, and assets of $10.5M (revenue +100.5% year-over-year).
- 2011: Revenue of $1.8M, expenses of $328K, and assets of $7.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Colburn Keenan Foundation Inc:
Data Sources and Methodology
This transparency report for Colburn Keenan 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.