Colman Family Foundation
Colman Family Foundation maintains strong assets and zero officer compensation amidst fluctuating revenues.
EIN: 205862664 · Hockessin, DE · NTEE: T20 · Updated: 2026-03-28
Is Colman Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Colman Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Colman Family Foundation
Colman Family Foundation (EIN: 205862664) is a nonprofit organization based in Hockessin, DE, classified under NTEE code T20. The organization reported total revenue of $922K and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Colman Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Colman Family Foundation is a small 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 -6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $456K |
| Total Expenses | $626K |
| Surplus / Deficit | $-169,176 |
| Total Assets | $4.1M |
| Total Liabilities | $1 |
| Net Assets | $4.1M |
| Operating Margin | -37.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 79.4 months |
Financial Health Grade: B
In 2023, Colman Family Foundation reported a deficit of $169K with expenses exceeding revenue, holds 79.4 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), Colman Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.2% | +27.0% | -3.9% |
| 2022 | -40.5% | -3.6% | -1.2% |
| 2021 | -82.4% | -88.3% | +5.5% |
| 2020 | +1419.4% | +800.4% | -4.2% |
| 2019 | -45.0% | +195.6% | +49.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Colman Family Foundation with a Mission Score of 95 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, Colman 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $169K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Colman Family Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its asset size ($4,272,400).
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 Colman Family Foundation's IRS 990 filings:
- Significant year-over-year revenue volatility (e.g., $4.1M in 2020 vs. $456K in 2023) could indicate reliance on unpredictable funding sources.
Strengths
The following positive indicators were identified for Colman Family Foundation:
- Consistent zero officer compensation, indicating high efficiency and dedication to mission.
- Strong and stable asset base ($4,272,400), providing long-term financial security.
- Extremely low liabilities across all reporting periods, demonstrating sound financial management.
- Positive net assets, indicating financial health and capacity to fulfill its mission.
Frequently Asked Questions about Colman Family Foundation
Is Colman Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Colman Family Foundation (EIN: 205862664) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Colman Family Foundation spend its money?
Colman Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Colman Family Foundation tax-deductible?
Colman Family Foundation is registered as a tax-exempt nonprofit (EIN: 205862664). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Colman Family Foundation manage to operate with zero officer compensation?
The consistent reporting of $0 officer compensation suggests that the foundation's leadership may be entirely volunteer-based, or compensation is covered by an external entity, which is a highly efficient model for directing funds to the mission.
What caused the significant revenue spike in 2020 ($4,198,175) compared to other years?
The data does not specify the source, but such a large spike could be due to a major one-time donation, a significant investment gain, or a large grant received in that period.
What are the primary program areas supported by the Colman Family Foundation?
The NTEE code T20 indicates 'Philanthropy, Voluntarism, and Grantmaking Foundations', suggesting the foundation primarily makes grants to other organizations. Specific program areas would require reviewing their full 990 forms or website.
Is the Colman Family Foundation financially stable given the revenue fluctuations?
Yes, despite revenue fluctuations, the foundation's consistent asset base (over $4 million) and minimal liabilities indicate strong financial stability and a healthy endowment to support its operations.
Filing History
IRS 990 filing history for Colman Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Colman Family Foundation's revenue has declined by 57%, moving from $1.1M to $456K. Total assets increased by 95.6% over the same period, from $2.1M to $4.1M. Total functional expenses rose by 617.3%, from $87K to $626K. In its most recent filing year (2023), Colman Family Foundation reported a deficit of $169K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $456K | $626K | $4.1M | $1 | — | View 990 |
| 2022 | $438K | $492K | $4.3M | $1 | — | — |
| 2021 | $737K | $511K | $4.4M | $1 | — | View 990 |
| 2020 | $4.2M | $4.4M | $4.1M | $1 | — | View 990 |
| 2019 | $276K | $486K | $4.3M | $0 | — | View 990 |
| 2015 | $502K | $165K | $2.9M | $0 | — | View 990 |
| 2014 | $542K | $239K | $2.6M | $0 | — | View 990 |
| 2013 | $521K | $537K | $2.3M | $0 | — | View 990 |
| 2012 | $307K | $152K | $2.3M | $1 | — | View 990 |
| 2011 | $1.1M | $87K | $2.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $456K, expenses of $626K, and assets of $4.1M (revenue +4.2% year-over-year).
- 2022: Revenue of $438K, expenses of $492K, and assets of $4.3M (revenue -40.5% year-over-year).
- 2021: Revenue of $737K, expenses of $511K, and assets of $4.4M (revenue -82.4% year-over-year).
- 2020: Revenue of $4.2M, expenses of $4.4M, and assets of $4.1M (revenue +1419.4% year-over-year).
- 2019: Revenue of $276K, expenses of $486K, and assets of $4.3M (revenue -45.0% year-over-year).
- 2015: Revenue of $502K, expenses of $165K, and assets of $2.9M (revenue -7.4% year-over-year).
- 2014: Revenue of $542K, expenses of $239K, and assets of $2.6M (revenue +4.0% year-over-year).
- 2013: Revenue of $521K, expenses of $537K, and assets of $2.3M (revenue +69.8% year-over-year).
- 2012: Revenue of $307K, expenses of $152K, and assets of $2.3M (revenue -71.1% year-over-year).
- 2011: Revenue of $1.1M, expenses of $87K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Colman Family Foundation:
Data Sources and Methodology
This transparency report for Colman 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.