David And Andrea Baum Foundation
David And Andrea Baum Foundation's assets have declined by over $895,000 in the last decade, with expenses frequently exceeding revenue.
EIN: 137178822 · Short Hills, NJ · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $35K |
| Total Expenses | $176K |
| Program Spending | 90% |
| Net Assets | $1.5M |
| Transparency Score | 85/100 |
Is David And Andrea Baum Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
David And Andrea Baum Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About David And Andrea Baum Foundation
David And Andrea Baum Foundation (EIN: 137178822) is a nonprofit organization based in Short Hills, NJ, classified under NTEE code T22. The organization reported total revenue of $35K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of David And Andrea Baum Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
David And Andrea Baum Foundation is a micro nonprofit that has been operating for 26 years, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -6.6%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $150K |
| Total Expenses | $176K |
| Surplus / Deficit | $-26,704 |
| Total Assets | $1.5M |
| Total Liabilities | $1 |
| Net Assets | $1.5M |
| Operating Margin | -17.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 101.6 months |
Financial Health Grade: B
In 2020, David And Andrea Baum Foundation reported a deficit of $27K with expenses exceeding revenue, holds 101.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2020), David And Andrea Baum Foundation's revenue has declined at a compound annual growth rate (CAGR) of -6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -27.4% | +1.7% | -8.1% |
| 2019 | +15.4% | -23.3% | -20.8% |
| 2015 | +59.1% | +21.1% | -19.0% |
| 2014 | -26.1% | -3.5% | +18.5% |
| 2013 | -18.3% | -1.0% | -9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 David And Andrea Baum Foundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, David And Andrea Baum 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $27K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is a strong positive for minimizing administrative overhead.
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 David And Andrea Baum Foundation's IRS 990 filings:
- Consistent decline in assets over the past decade, from $2,386,964 in 2011 to $1,491,284 in 2020, indicating spending down of principal.
- Expenses frequently exceeding revenue in recent periods (e.g., $176,211 expenses vs. $149,507 revenue in 2020), contributing to asset depletion.
Strengths
The following positive indicators were identified for David And Andrea Baum Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds at the executive level.
- Consistent IRS 990 filing history (7 filings), demonstrating good transparency and compliance.
- No reported liabilities, suggesting a healthy balance sheet without outstanding debts.
Frequently Asked Questions about David And Andrea Baum Foundation
Is David And Andrea Baum Foundation a legitimate charity?
David And Andrea Baum Foundation (EIN: 137178822) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 7 years of IRS 990 filings on record. Total revenue: $35K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does David And Andrea Baum Foundation spend its money?
David And Andrea Baum Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to David And Andrea Baum Foundation tax-deductible?
David And Andrea Baum Foundation is registered as a tax-exempt nonprofit (EIN: 137178822). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does David And Andrea Baum Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), David And Andrea Baum Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is David And Andrea Baum Foundation located?
David And Andrea Baum Foundation is headquartered in Short Hills, New Jersey and files with the IRS under EIN 137178822. It is classified under NTEE code T22.
How many years of IRS 990 filings does David And Andrea Baum Foundation have?
David And Andrea Baum Foundation has 7 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 $35K in total revenue.
Is the David And Andrea Baum Foundation a good charity?
As a private grantmaking foundation, its 'goodness' is typically measured by its grantmaking impact. Financially, it appears well-managed in terms of executive compensation (none reported), but its declining asset base suggests it is distributing its funds, which can be a valid strategy for a private foundation. Without knowing the specific grants made, it's hard to assess program effectiveness.
Why are the assets declining?
The assets are declining because the foundation's expenses have frequently exceeded its revenue, particularly in recent years (e.g., 2020, 2015, 2014, 2013, 2012). This indicates the foundation is spending down its principal, which is a common and often intentional strategy for private foundations to fulfill their philanthropic mission.
Filing History
IRS 990 filing history for David And Andrea Baum Foundation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), David And Andrea Baum Foundation's revenue has declined by 46.1%, moving from $278K to $150K. Total assets decreased by 37.5% over the same period, from $2.4M to $1.5M. Total functional expenses fell by 1%, from $178K to $176K. In its most recent filing year (2020), David And Andrea Baum Foundation reported a deficit of $27K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $150K | $176K | $1.5M | $1 | — | — |
| 2019 | $206K | $173K | $1.6M | $0 | — | View 990 |
| 2015 | $178K | $226K | $2.0M | $0 | — | View 990 |
| 2014 | $112K | $187K | $2.5M | $0 | — | View 990 |
| 2013 | $152K | $193K | $2.1M | $0 | — | View 990 |
| 2012 | $186K | $195K | $2.4M | $0 | — | View 990 |
| 2011 | $278K | $178K | $2.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $150K, expenses of $176K, and assets of $1.5M (revenue -27.4% year-over-year).
- 2019: Revenue of $206K, expenses of $173K, and assets of $1.6M (revenue +15.4% year-over-year).
- 2015: Revenue of $178K, expenses of $226K, and assets of $2.0M (revenue +59.1% year-over-year).
- 2014: Revenue of $112K, expenses of $187K, and assets of $2.5M (revenue -26.1% year-over-year).
- 2013: Revenue of $152K, expenses of $193K, and assets of $2.1M (revenue -18.3% year-over-year).
- 2012: Revenue of $186K, expenses of $195K, and assets of $2.4M (revenue -33.1% year-over-year).
- 2011: Revenue of $278K, expenses of $178K, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for David And Andrea Baum Foundation:
Data Sources and Methodology
This transparency report for David And Andrea Baum 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.