Conrad Prebys Foundation
Conrad Prebys Foundation maintains over $1 billion in assets, with significant grantmaking expenses and no reported officer compensation.
EIN: 203216993 · San Diego, CA · NTEE: T22 · Updated: 2026-03-28
Is Conrad Prebys Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Conrad Prebys Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Conrad Prebys Foundation
Conrad Prebys Foundation (EIN: 203216993) is a nonprofit organization based in San Diego, CA, classified under NTEE code T22. The organization reported total revenue of $547.5M and total assets of $1.1B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Conrad Prebys Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Conrad Prebys Foundation is a major nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -271.5% | +6.3% | -10.2% |
| 2022 | -95.4% | -57.8% | -1.6% |
| 2021 | +258.9% | +52.5% | +15.2% |
| 2020 | -66.3% | +79.8% | +10.7% |
| 2019 | +61445223200.0% | — | +99979175500.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Conrad Prebys Foundation with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Conrad Prebys Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation consistently reports 0% officer compensation across all available filings, suggesting that executive compensation is either not paid or is covered by an external entity, which contributes to a very low administrative overhead relative to its substantial asset base and expense levels.
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 Conrad Prebys Foundation's IRS 990 filings:
- Negative revenue reported in 2023 (-$58,066,159) warrants further investigation into investment performance, though common for foundations.
- Lack of detailed breakdown for administrative expenses beyond officer compensation makes it difficult to fully assess overhead efficiency.
Strengths
The following positive indicators were identified for Conrad Prebys Foundation:
- Robust asset base, consistently over $1 billion, providing long-term financial stability (e.g., $1,125,949,431 in 2023).
- Significant annual expenses dedicated to its mission (e.g., $63,631,241 in 2023).
- Zero reported officer compensation across all filings, indicating high efficiency in directing funds to programs.
- Clear focus as a private grantmaking foundation (NTEE T22) with consistent activity.
Frequently Asked Questions about Conrad Prebys Foundation
Is Conrad Prebys Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Conrad Prebys Foundation (EIN: 203216993) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Conrad Prebys Foundation spend its money?
Conrad Prebys Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Conrad Prebys Foundation tax-deductible?
Conrad Prebys Foundation is registered as a tax-exempt nonprofit (EIN: 203216993). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Conrad Prebys Foundation a good charity?
Based on the available data, the Conrad Prebys Foundation appears to be a highly effective grantmaking organization. It maintains a substantial asset base (over $1 billion), consistently disburses significant funds towards its mission (e.g., $63,631,241 in expenses in 2023), and reports no officer compensation, indicating a strong focus on program efficiency and resource allocation to beneficiaries.
How does the foundation manage its administrative costs?
The foundation appears to manage administrative costs very efficiently, as indicated by the consistent reporting of 0% officer compensation across all filings. This suggests that a very high proportion of its expenses are directed towards its programmatic activities, rather than executive salaries.
What caused the negative revenue in 2023?
The negative revenue of $-58,066,159 in 2023 is likely due to investment losses or market fluctuations, which are common for foundations that rely heavily on investment income to fund their operations. This does not necessarily indicate financial distress, especially given the foundation's substantial asset base of over $1.1 billion.
Filing History
IRS 990 filing history for Conrad Prebys Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Conrad Prebys Foundation's revenue has declined by 5806616000%, moving from $1 to $-58,066,159. Total assets increased by 112594943000% over the same period, from $1 to $1.1B. The organization holds $107K in liabilities against $1.1B in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.1B.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-58,066,159 | $63.6M | $1.1B | $107K | — | View 990 |
| 2022 | $33.9M | $59.8M | $1.3B | $6.3M | — | View 990 |
| 2021 | $742.1M | $141.7M | $1.3B | $583K | — | View 990 |
| 2020 | $206.8M | $92.9M | $1.1B | $432.3M | — | View 990 |
| 2019 | $614.5M | $51.7M | $999.8M | $439.6M | — | — |
| 2015 | $1 | $0 | $1 | $1 | — | View 990 |
| 2014 | $1 | $0 | $1 | $1 | — | View 990 |
| 2013 | $1 | $0 | $1 | $1 | — | View 990 |
| 2012 | $1 | $0 | $1 | $1 | — | View 990 |
| 2011 | $1 | $0 | $1 | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-58,066,159, expenses of $63.6M, and assets of $1.1B (revenue -271.5% year-over-year).
- 2022: Revenue of $33.9M, expenses of $59.8M, and assets of $1.3B (revenue -95.4% year-over-year).
- 2021: Revenue of $742.1M, expenses of $141.7M, and assets of $1.3B (revenue +258.9% year-over-year).
- 2020: Revenue of $206.8M, expenses of $92.9M, and assets of $1.1B (revenue -66.3% year-over-year).
- 2019: Revenue of $614.5M, expenses of $51.7M, and assets of $999.8M (revenue +61445223200.0% year-over-year).
- 2015: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2014: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2013: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2012: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2011: Revenue of $1, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Conrad Prebys Foundation:
Data Sources and Methodology
This transparency report for Conrad Prebys 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.