Coleman Foundation
Coleman Foundation's assets and revenue have plummeted, raising concerns about its operational future.
EIN: 133001011 · Glenburn, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Total Expenses | $82K |
| Net Assets | $63K |
| Transparency Score | 10/100 |
Is Coleman Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Coleman Foundation
Coleman Foundation (EIN: 133001011) is a nonprofit organization based in Glenburn, ME. The organization reported total revenue of $1 and total assets of $6K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Coleman Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Coleman Foundation is a micro nonprofit that has been operating for 46 years, with 6 years of IRS 990 filings on record (2011–2016).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -100.0% | -71.3% | -56.3% |
| 2015 | -99.6% | +151.9% | -66.2% |
| 2014 | +586.2% | +55.9% | -20.8% |
| 2013 | +242.1% | +10.9% | -11.8% |
| 2012 | -100.0% | -45.6% | -9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Foundation with a Mission Score of 10 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Coleman Foundation allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all filings, indicating that officers are likely unpaid volunteers or that the organization has no paid executives, which is unusual for an organization that previously managed significant assets.
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 Foundation's IRS 990 filings:
- Dramatic decline in assets from $680,804 to $6,350 over six years.
- Latest reported revenue of only $1, indicating potential operational cessation.
- Consistent pattern of expenses significantly exceeding revenue in multiple periods (e.g., 201507: $285,020 expenses vs. $2 revenue).
- Lack of detailed spending breakdown prevents assessment of program efficiency.
Strengths
The following positive indicators were identified for Coleman Foundation:
- Consistent reporting of 0% officer compensation, suggesting volunteer leadership or very low executive overhead.
Frequently Asked Questions about Coleman Foundation
Is Coleman Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Coleman Foundation (EIN: 133001011) significant concerns. Mission Score: 10/100. 4 red flags identified, 1 strength noted.
How does Coleman Foundation spend its money?
Detailed spending breakdown data is not yet available for Coleman Foundation. Check back for updated IRS 990 analysis.
Are donations to Coleman Foundation tax-deductible?
Coleman Foundation is registered as a tax-exempt nonprofit (EIN: 133001011). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Coleman Foundation located?
Coleman Foundation is headquartered in Glenburn, Maine and files with the IRS under EIN 133001011.
How many years of IRS 990 filings does Coleman Foundation have?
Coleman Foundation has 6 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 in total revenue.
What caused the dramatic decline in assets and revenue from 2011 to the present?
The provided data shows a consistent decline in assets from $680,804 in 2011 to $6,350 currently, and revenue from $100,134 to $1. The specific reasons for this decline are not detailed in the provided financial summary.
How is the organization sustaining operations with only $1 in latest revenue?
With only $1 in latest revenue and $6,350 in assets, it is unclear how the Coleman Foundation is currently funding any programmatic activities or administrative overhead. This suggests the organization may be largely inactive or in the process of winding down.
What were the primary expenses in years where expenses significantly outstripped revenue?
For example, in 201507, expenses were $285,020 while revenue was only $2. Without a detailed breakdown of expenses, it's impossible to determine what these significant expenditures were for, especially given the minimal revenue.
Filing History
IRS 990 filing history for Coleman Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Coleman Foundation's revenue has declined by 100%, moving from $100K to $0. Total assets decreased by 90.7% over the same period, from $681K to $63K. Total functional expenses fell by 32%, from $120K to $82K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $0 | $82K | $63K | $0 | — | View 990 |
| 2015 | $2 | $285K | $145K | $0 | — | View 990 |
| 2014 | $446 | $113K | $430K | $0 | — | View 990 |
| 2013 | $65 | $73K | $543K | $0 | — | View 990 |
| 2012 | $19 | $65K | $615K | $0 | — | View 990 |
| 2011 | $100K | $120K | $681K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $0, expenses of $82K, and assets of $63K (revenue -100.0% year-over-year).
- 2015: Revenue of $2, expenses of $285K, and assets of $145K (revenue -99.6% year-over-year).
- 2014: Revenue of $446, expenses of $113K, and assets of $430K (revenue +586.2% year-over-year).
- 2013: Revenue of $65, expenses of $73K, and assets of $543K (revenue +242.1% year-over-year).
- 2012: Revenue of $19, expenses of $65K, and assets of $615K (revenue -100.0% year-over-year).
- 2011: Revenue of $100K, expenses of $120K, and assets of $681K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Coleman Foundation:
Data Sources and Methodology
This transparency report for Coleman 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.