Croul Family Foundation
Croul Family Foundation maintains substantial assets with zero executive compensation, despite fluctuating annual revenues.
EIN: 201222760 · Irvine, CA · NTEE: T22 · Updated: 2026-03-28
Is Croul Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Croul Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Croul Family Foundation
Croul Family Foundation (EIN: 201222760) is a nonprofit organization based in Irvine, CA, classified under NTEE code T22. The organization reported total revenue of $2.8M and total assets of $24.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Croul Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Croul Family Foundation is a mid-size 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 -6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-627,666 |
| Total Assets | $19.6M |
| Total Liabilities | $1 |
| Net Assets | $19.6M |
| Operating Margin | -60.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 140.9 months |
Financial Health Grade: B
In 2023, Croul Family Foundation reported a deficit of $628K with expenses exceeding revenue, holds 140.9 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), Croul Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -126.5% | -5.3% | -10.7% |
| 2021 | +79.8% | -33.5% | +0.3% |
| 2020 | +339.4% | +68.4% | +3.9% |
| 2019 | -86.9% | +20.5% | -6.6% |
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 Croul Family 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, Croul Family 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:
- The organization reported a deficit of $628K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers. This suggests an extremely lean administrative structure, likely relying on volunteer efforts or external, non-officer support, which maximizes the funds available for grantmaking relative to the organization's size and asset base of nearly $24 million.
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 Croul Family Foundation's IRS 990 filings:
- Significant fluctuations in annual revenue, including negative revenue in 2022, which could indicate volatility in investment performance.
Strengths
The following positive indicators were identified for Croul Family Foundation:
- Consistent reporting of 0% officer compensation, indicating high spending efficiency and dedication of resources to mission.
- Substantial and stable asset base (latest $23,967,769), providing long-term financial security.
- Minimal liabilities across all reported periods, demonstrating sound financial management.
- Consistent IRS 990 filing history, indicating transparency and compliance.
- As a private foundation, its primary function is grantmaking, suggesting a strong program focus.
Frequently Asked Questions about Croul Family Foundation
Is Croul Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Croul Family Foundation (EIN: 201222760) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Croul Family Foundation spend its money?
Croul Family Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Croul Family Foundation tax-deductible?
Croul Family Foundation is registered as a tax-exempt nonprofit (EIN: 201222760). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Croul Family Foundation a good charity?
Based on the available IRS 990 data, the Croul Family Foundation appears to be a very efficient and well-managed private foundation. Its consistent reporting of zero officer compensation means that virtually all operational expenses are directed towards its mission, primarily grantmaking. The substantial and stable asset base also indicates long-term viability.
How does the foundation manage its finances given fluctuating revenues?
The foundation manages its finances through its significant asset base, which was $23,967,769 in the latest period. While annual revenues can fluctuate, sometimes even being negative (e.g., $-855,364 in 2022), the foundation's endowment provides stability and allows it to continue its grantmaking activities. This suggests a reliance on investment returns and a long-term financial strategy.
What is the primary use of the foundation's expenses?
As a private grantmaking foundation (NTEE T22), the primary use of the foundation's expenses would be for grants paid to other organizations. With zero reported officer compensation, administrative overhead is likely minimal, ensuring that the vast majority of its $1,665,240 in expenses in 2023, for example, directly supported its programmatic mission.
Filing History
IRS 990 filing history for Croul Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Croul Family Foundation's revenue has declined by 54.5%, moving from $2.3M to $1.0M. Total assets increased by 5.8% over the same period, from $18.5M to $19.6M. Total functional expenses rose by 57.8%, from $1.1M to $1.7M. In its most recent filing year (2023), Croul Family Foundation reported a deficit of $628K, with expenses exceeding revenue. The organization holds $1 in liabilities against $19.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $19.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $1.7M | $19.6M | $1 | — | View 990 |
| 2022 | $-855,364 | $2.3M | $20.4M | $1 | — | View 990 |
| 2021 | $3.2M | $2.5M | $22.9M | $1 | — | View 990 |
| 2020 | $1.8M | $3.7M | $22.8M | $1 | — | View 990 |
| 2019 | $409K | $2.2M | $22.0M | $43K | — | View 990 |
| 2015 | $3.1M | $1.8M | $23.5M | $1 | — | View 990 |
| 2014 | $3.7M | $1.5M | $24.9M | $1 | — | View 990 |
| 2013 | $2.3M | $1.8M | $23.8M | $0 | — | View 990 |
| 2012 | $1.9M | $1.2M | $20.8M | $0 | — | View 990 |
| 2011 | $2.3M | $1.1M | $18.5M | $6 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $1.7M, and assets of $19.6M.
- 2022: Revenue of $-855,364, expenses of $2.3M, and assets of $20.4M (revenue -126.5% year-over-year).
- 2021: Revenue of $3.2M, expenses of $2.5M, and assets of $22.9M (revenue +79.8% year-over-year).
- 2020: Revenue of $1.8M, expenses of $3.7M, and assets of $22.8M (revenue +339.4% year-over-year).
- 2019: Revenue of $409K, expenses of $2.2M, and assets of $22.0M (revenue -86.9% year-over-year).
- 2015: Revenue of $3.1M, expenses of $1.8M, and assets of $23.5M (revenue -16.6% year-over-year).
- 2014: Revenue of $3.7M, expenses of $1.5M, and assets of $24.9M (revenue +60.3% year-over-year).
- 2013: Revenue of $2.3M, expenses of $1.8M, and assets of $23.8M (revenue +21.6% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.2M, and assets of $20.8M (revenue -16.2% year-over-year).
- 2011: Revenue of $2.3M, expenses of $1.1M, and assets of $18.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Croul Family Foundation:
Data Sources and Methodology
This transparency report for Croul 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.