Coleman Family Foundation
Coleman Family Foundation consistently directs 100% of officer compensation to programs, maintaining stable assets despite fluctuating revenues.
EIN: 200500550 · Pennington, NJ · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $618K |
| Total Expenses | $156K |
| Program Spending | 90% |
| Net Assets | $1.4M |
| Transparency Score | 92/100 |
Is Coleman Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Coleman Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Coleman Family Foundation
Coleman Family Foundation (EIN: 200500550) is a nonprofit organization based in Pennington, NJ, classified under NTEE code T22. The organization reported total revenue of $618K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Coleman Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Coleman Family Foundation is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $135K |
| Total Expenses | $156K |
| Surplus / Deficit | $-20,658 |
| Total Assets | $1.4M |
| Total Liabilities | $1 |
| Net Assets | $1.4M |
| Operating Margin | -15.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 107.3 months |
Financial Health Grade: B
In 2024, Coleman Family Foundation reported a deficit of $21K with expenses exceeding revenue, holds 107.3 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 (2012–2024), Coleman Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -14.7% | -46.7% | -1.4% |
| 2023 | -77.0% | +3.6% | -8.9% |
| 2022 | +72.2% | +102.7% | +11.0% |
| 2021 | +26.4% | +11.5% | +15.2% |
| 2020 | +156.5% | -29.4% | +12.8% |
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 Coleman Family Foundation with a Mission Score of 92 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, Coleman Family Foundation 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $21K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the foundation, which is highly efficient for a nonprofit of its size.
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 Coleman Family Foundation's IRS 990 filings:
- Inconsistent revenue streams leading to occasional deficit spending (e.g., 2023 and 2024 where expenses exceeded revenue).
Strengths
The following positive indicators were identified for Coleman Family Foundation:
- 100% of officer compensation reported as $0 across all filings, indicating high efficiency and dedication of resources to programs.
- Strong program spending ratio, with a significant majority of expenses directed towards charitable activities.
- Healthy and growing asset base, providing financial stability and capacity for future operations.
- Consistently low liabilities, indicating sound financial management and minimal debt.
Frequently Asked Questions about Coleman Family Foundation
Is Coleman Family Foundation a legitimate charity?
Coleman Family Foundation (EIN: 200500550) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $618K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Coleman Family Foundation spend its money?
Coleman Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Coleman Family Foundation tax-deductible?
Coleman Family Foundation is registered as a tax-exempt nonprofit (EIN: 200500550). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Coleman Family Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Coleman 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 Coleman Family Foundation located?
Coleman Family Foundation is headquartered in Pennington, New Jersey and files with the IRS under EIN 200500550. It is classified under NTEE code T22.
How many years of IRS 990 filings does Coleman Family Foundation have?
Coleman 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 $618K in total revenue.
Is Coleman Family Foundation a good charity?
Based on the provided data, the Coleman Family Foundation appears to be a very good charity. It consistently reports 0% officer compensation, indicating that all resources are directed towards its mission. Its program spending is high, and it maintains a healthy asset base relative to its revenue.
How does the foundation manage its expenses given fluctuating revenue?
The foundation generally manages its expenses well, though there are periods where expenses exceed revenue, such as in 2023 ($293,014 expenses vs. $158,785 revenue) and 2024 ($156,142 expenses vs. $135,484 revenue). However, its substantial asset base ($1,277,432 latest assets) provides a buffer for these fluctuations.
What is the trend in the foundation's assets?
The foundation's assets have shown a general upward trend over the long term, growing from $244,857 in 2012 to $1,277,432 currently, peaking at $1,555,773 in 2022. This indicates financial growth and stability.
Filing History
IRS 990 filing history for Coleman Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Coleman Family Foundation's revenue has grown by 22%, moving from $111K to $135K. Total assets increased by 470.4% over the same period, from $245K to $1.4M. Total functional expenses rose by 699.1%, from $20K to $156K. In its most recent filing year (2024), Coleman Family Foundation reported a deficit of $21K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $135K | $156K | $1.4M | $1 | — | — |
| 2023 | $159K | $293K | $1.4M | $1 | — | View 990 |
| 2022 | $691K | $283K | $1.6M | $1 | — | View 990 |
| 2021 | $401K | $139K | $1.4M | $1 | — | — |
| 2020 | $318K | $125K | $1.2M | $1 | — | View 990 |
| 2016 | $124K | $177K | $1.1M | $0 | — | View 990 |
| 2015 | $261K | $149K | $1.1M | $0 | — | View 990 |
| 2014 | $1.2M | $40K | $1.0M | $0 | — | View 990 |
| 2013 | $75K | $24K | $295K | $0 | — | View 990 |
| 2012 | $111K | $20K | $245K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $135K, expenses of $156K, and assets of $1.4M (revenue -14.7% year-over-year).
- 2023: Revenue of $159K, expenses of $293K, and assets of $1.4M (revenue -77.0% year-over-year).
- 2022: Revenue of $691K, expenses of $283K, and assets of $1.6M (revenue +72.2% year-over-year).
- 2021: Revenue of $401K, expenses of $139K, and assets of $1.4M (revenue +26.4% year-over-year).
- 2020: Revenue of $318K, expenses of $125K, and assets of $1.2M (revenue +156.5% year-over-year).
- 2016: Revenue of $124K, expenses of $177K, and assets of $1.1M (revenue -52.5% year-over-year).
- 2015: Revenue of $261K, expenses of $149K, and assets of $1.1M (revenue -77.9% year-over-year).
- 2014: Revenue of $1.2M, expenses of $40K, and assets of $1.0M (revenue +1464.5% year-over-year).
- 2013: Revenue of $75K, expenses of $24K, and assets of $295K (revenue -32.2% year-over-year).
- 2012: Revenue of $111K, expenses of $20K, and assets of $245K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Coleman Family Foundation:
Data Sources and Methodology
This transparency report for Coleman 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.