Concrete Foundation Inc
Concrete Foundation Inc consistently grows assets and maintains low liabilities with no reported officer compensation.
EIN: 203794063 · Craftsbury Cm, VT · NTEE: T50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $21.7M |
| Total Expenses | $6.9M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $21 |
| Net Assets | $102.7M |
| Transparency Score | 85/100 |
Is Concrete Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Concrete Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Concrete Foundation Inc
Concrete Foundation Inc (EIN: 203794063) is a nonprofit organization based in Craftsbury Cm, VT, classified under NTEE code T50. The organization reported total revenue of $21.7M and total assets of $104.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Concrete Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Concrete Foundation Inc is a large nonprofit that has been operating for 11 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 | $10.1M |
| Total Expenses | $6.9M |
| Surplus / Deficit | +$3.2M |
| Total Assets | $103.6M |
| Total Liabilities | $934K |
| Net Assets | $102.7M |
| Operating Margin | 31.4% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 179.8 months |
Financial Health Grade: A
In 2023, Concrete Foundation Inc reported a surplus of $3.2M with revenue exceeding expenses, holds 179.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Concrete Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -38.1% | +11.5% | +2.5% |
| 2022 | +4.6% | -36.8% | +11.5% |
| 2021 | +10.8% | +68.6% | +6.1% |
| 2020 | -20.5% | -16.7% | +11.7% |
| 2019 | -5.2% | +26.8% | +78.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
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 Concrete Foundation Inc with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Concrete Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 surplus of $3.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with over $21 million in latest revenue and over $100 million in assets. This suggests either a fully volunteer executive leadership or compensation structured in a way not reported as 'officer compensation' on the 990, warranting further investigation for complete transparency.
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 Concrete Foundation Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this size, which may obscure actual executive remuneration.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary, hindering a precise efficiency analysis.
Strengths
The following positive indicators were identified for Concrete Foundation Inc:
- Consistent and significant asset growth, indicating strong financial management and sustainability (from $15.89M in 2011 to $104.48M currently).
- Healthy financial position with revenues consistently exceeding expenses, leading to operational surpluses (e.g., $10.08M revenue vs. $6.92M expenses in 2023).
- Low liabilities relative to assets, suggesting strong financial stability and minimal debt burden (e.g., $933,995 liabilities vs. $103.64M assets in 2023).
- Consistent IRS 990 filing history over a decade, demonstrating good transparency and compliance.
Frequently Asked Questions about Concrete Foundation Inc
Is Concrete Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Concrete Foundation Inc (EIN: 203794063) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Concrete Foundation Inc spend its money?
Concrete Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Concrete Foundation Inc tax-deductible?
Concrete Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203794063). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Concrete Foundation Inc CEO make?
Concrete Foundation Inc's highest-compensated officer earns $21 annually. The organization reported $21.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Concrete Foundation Inc's spending goes to programs?
Concrete Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Concrete Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Concrete Foundation Inc is above average for NTEE category T50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Concrete Foundation Inc located?
Concrete Foundation Inc is headquartered in Craftsbury Cm, Vermont and files with the IRS under EIN 203794063. It is classified under NTEE code T50.
How many years of IRS 990 filings does Concrete Foundation Inc have?
Concrete 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 $21.7M in total revenue.
How does Concrete Foundation Inc manage to report 0% officer compensation given its size and revenue?
The consistent reporting of 0% officer compensation across all filings for an organization with over $100 million in assets and significant revenue is highly unusual. This could indicate that executive leadership is entirely volunteer-based, or that compensation is structured in a way that is not categorized as 'officer compensation' on the IRS Form 990, such as through a related management entity or as independent contractor fees. Further investigation into the organization's governance and compensation policies would be necessary to understand this fully.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of program, administrative, and fundraising expenses. While the organization consistently operates with a surplus (e.g., $10.08M revenue vs. $6.92M expenses in 2023), without these specifics, it's difficult to precisely assess spending efficiency in each category. A deeper dive into the full 990 forms would be required to obtain this information.
What is the primary use of the organization's substantial assets?
Given the NTEE code T50 (Philanthropy, Voluntarism, and Grantmaking Foundations) and the significant asset base ($104.48 million), it is highly probable that a substantial portion of these assets are held as an endowment or investment fund, generating income to support grantmaking activities. The consistent growth in assets over time (from $15.89M in 2011 to $104.48M currently) further supports this hypothesis.
Filing History
IRS 990 filing history for Concrete Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Concrete Foundation Inc's revenue has grown by 316.8%, moving from $2.4M to $10.1M. Total assets increased by 552.4% over the same period, from $15.9M to $103.6M. Total functional expenses rose by 115.3%, from $3.2M to $6.9M. In its most recent filing year (2023), Concrete Foundation Inc reported a surplus of $3.2M, with revenue exceeding expenses. The organization holds $934K in liabilities against $103.6M in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $102.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.1M | $6.9M | $103.6M | $934K | — | — |
| 2022 | $16.3M | $6.2M | $101.1M | $719K | — | View 990 |
| 2021 | $15.5M | $9.8M | $90.7M | $397K | — | View 990 |
| 2020 | $14.0M | $5.8M | $85.5M | $919K | — | View 990 |
| 2019 | $17.7M | $7.0M | $76.5M | $187K | — | View 990 |
| 2015 | $18.6M | $5.5M | $43.0M | $694K | — | View 990 |
| 2014 | $8.7M | $4.8M | $29.6M | $398K | — | View 990 |
| 2013 | $11.3M | $4.2M | $25.6M | $338K | — | View 990 |
| 2012 | $6.4M | $3.8M | $18.5M | $337K | — | View 990 |
| 2011 | $2.4M | $3.2M | $15.9M | $331K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.1M, expenses of $6.9M, and assets of $103.6M (revenue -38.1% year-over-year).
- 2022: Revenue of $16.3M, expenses of $6.2M, and assets of $101.1M (revenue +4.6% year-over-year).
- 2021: Revenue of $15.5M, expenses of $9.8M, and assets of $90.7M (revenue +10.8% year-over-year).
- 2020: Revenue of $14.0M, expenses of $5.8M, and assets of $85.5M (revenue -20.5% year-over-year).
- 2019: Revenue of $17.7M, expenses of $7.0M, and assets of $76.5M (revenue -5.2% year-over-year).
- 2015: Revenue of $18.6M, expenses of $5.5M, and assets of $43.0M (revenue +113.7% year-over-year).
- 2014: Revenue of $8.7M, expenses of $4.8M, and assets of $29.6M (revenue -22.9% year-over-year).
- 2013: Revenue of $11.3M, expenses of $4.2M, and assets of $25.6M (revenue +76.8% year-over-year).
- 2012: Revenue of $6.4M, expenses of $3.8M, and assets of $18.5M (revenue +164.8% year-over-year).
- 2011: Revenue of $2.4M, expenses of $3.2M, and assets of $15.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Concrete Foundation Inc:
Data Sources and Methodology
This transparency report for Concrete 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.