Coleman Family Foundation
Coleman Family Foundation faces declining assets and consistent deficit spending in recent years.
EIN: 201716049 · Farmington, NM · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $58K |
| Total Expenses | $83K |
| Program Spending | 75% |
| Net Assets | $102K |
| Transparency Score | 45/100 |
Is Coleman Family Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Coleman Family Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Coleman Family Foundation
Coleman Family Foundation (EIN: 201716049) is a nonprofit organization based in Farmington, NM, classified under NTEE code T22. The organization reported total revenue of $58K and total assets of $43K 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 micro nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -32.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $83K |
| Surplus / Deficit | $-80,368 |
| Total Assets | $102K |
| Net Assets | $102K |
| Operating Margin | -3605.6% |
| Months of Reserves | 14.8 months |
Financial Health Grade: C
In 2023, Coleman Family Foundation reported a deficit of $80K with expenses exceeding revenue, holds 14.8 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2011–2023), Coleman Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -32.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -93.1% | +23.5% | -44.1% |
| 2022 | -60.4% | +132.7% | -15.9% |
| 2021 | +3072.4% | +111.2% | +32.7% |
| 2020 | -29.3% | -84.4% | -6.3% |
| 2019 | -96.4% | -67.0% | -52.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Coleman Family Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $80K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officer salaries are paid, which is a positive sign for resource allocation within this relatively small foundation.
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:
- Consistent deficit spending (expenses exceeding revenue) in recent years, e.g., $82,597 expenses vs. $2,229 revenue in 2023.
- Significant decline in total assets from $526,465 in 2014 to $42,817 currently.
- Highly volatile revenue streams, ranging from $2,229 to $378,029 across different years.
Strengths
The following positive indicators were identified for Coleman Family Foundation:
- No officer compensation reported across all filings, indicating efficient use of funds for leadership.
- Consistent filing of IRS 990 forms, demonstrating transparency in reporting.
Frequently Asked Questions about Coleman Family Foundation
Is Coleman Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Coleman Family Foundation (EIN: 201716049) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Coleman Family Foundation spend its money?
Coleman Family Foundation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Coleman Family Foundation tax-deductible?
Coleman Family Foundation is registered as a tax-exempt nonprofit (EIN: 201716049). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Coleman Family Foundation's spending goes to programs?
Coleman Family Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Coleman Family Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Coleman Family Foundation is near 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 Farmington, New Mexico and files with the IRS under EIN 201716049. 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 $58K in total revenue.
Is Coleman Family Foundation financially sustainable?
Based on recent filings, the foundation's expenses have consistently outpaced its revenue (e.g., $82,597 expenses vs. $2,229 revenue in 2023), leading to a significant decline in assets from $526,465 in 2014 to $42,817 currently. This trend raises serious concerns about its long-term financial sustainability without a significant increase in revenue or reduction in expenses.
What caused the significant drop in assets?
The substantial drop in assets from a peak of $526,465 in 2014 to $42,817 currently is primarily due to the organization consistently spending more than it earns in recent years. For example, in 2015, expenses were $264,522 against revenue of $102,778, and this pattern of deficit spending has continued, drawing down its reserves.
How does the organization cover its expenses with low revenue?
The organization appears to be covering its expenses by utilizing its accumulated assets from previous periods. With recent revenues significantly lower than expenses (e.g., $2,229 revenue vs. $82,597 expenses in 2023), it is drawing down its financial reserves, which explains the sharp decline in its asset base.
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 (2011–2023), Coleman Family Foundation's revenue has declined by 99.1%, moving from $254K to $2K. Total assets decreased by 68.5% over the same period, from $323K to $102K. Total functional expenses rose by 108.6%, from $40K to $83K. In its most recent filing year (2023), Coleman Family Foundation reported a deficit of $80K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2K | $83K | $102K | $-74 | — | — |
| 2022 | $33K | $67K | $182K | $1 | — | — |
| 2021 | $82K | $29K | $217K | $1 | — | View 990 |
| 2020 | $3K | $14K | $163K | $1 | — | — |
| 2019 | $4K | $87K | $174K | $0 | — | View 990 |
| 2015 | $103K | $265K | $365K | $0 | — | View 990 |
| 2014 | $378K | $245K | $526K | $0 | — | View 990 |
| 2013 | $78K | $132K | $393K | $0 | — | View 990 |
| 2012 | $253K | $129K | $447K | $0 | — | View 990 |
| 2011 | $254K | $40K | $323K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2K, expenses of $83K, and assets of $102K (revenue -93.1% year-over-year).
- 2022: Revenue of $33K, expenses of $67K, and assets of $182K (revenue -60.4% year-over-year).
- 2021: Revenue of $82K, expenses of $29K, and assets of $217K (revenue +3072.4% year-over-year).
- 2020: Revenue of $3K, expenses of $14K, and assets of $163K (revenue -29.3% year-over-year).
- 2019: Revenue of $4K, expenses of $87K, and assets of $174K (revenue -96.4% year-over-year).
- 2015: Revenue of $103K, expenses of $265K, and assets of $365K (revenue -72.8% year-over-year).
- 2014: Revenue of $378K, expenses of $245K, and assets of $526K (revenue +385.6% year-over-year).
- 2013: Revenue of $78K, expenses of $132K, and assets of $393K (revenue -69.3% year-over-year).
- 2012: Revenue of $253K, expenses of $129K, and assets of $447K (revenue -0.1% year-over-year).
- 2011: Revenue of $254K, expenses of $40K, and assets of $323K.
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.