David & Tricia Rogers Foundation
David & Tricia Rogers Foundation maintains substantial assets and zero officer compensation across all filings.
EIN: 133789004 · Darien, CT · NTEE: T20Z · Updated: 2026-03-28
Is David & Tricia Rogers Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
David & Tricia Rogers Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About David & Tricia Rogers Foundation
David & Tricia Rogers Foundation (EIN: 133789004) is a nonprofit organization based in Darien, CT, classified under NTEE code T20Z. The organization reported total revenue of $2.5M and total assets of $19.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of David & Tricia Rogers Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
David & Tricia Rogers Foundation is a mid-size nonprofit that has been operating for 31 years, with 8 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 20.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $907K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-111,085 |
| Total Assets | $20.2M |
| Total Liabilities | $1 |
| Net Assets | $20.2M |
| Operating Margin | -12.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 238.2 months |
Financial Health Grade: B
In 2023, David & Tricia Rogers Foundation reported a deficit of $111K with expenses exceeding revenue, holds 238.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2012–2023), David & Tricia Rogers Foundation's revenue has grown at a compound annual growth rate (CAGR) of 20.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -69.7% | -5.7% | -0.5% |
| 2022 | -65.0% | +45.7% | +10.4% |
| 2021 | +460.7% | +398.8% | +73.7% |
| 2020 | +514.1% | -75.3% | +62.6% |
| 2015 | +1126.3% | +953.7% | -5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 & Tricia Rogers 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, David & Tricia Rogers 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 $111K, 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 officers are not compensated by the foundation, which is highly unusual for an organization with assets nearing $20 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 David & Tricia Rogers Foundation's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data
- Significant year-over-year revenue volatility, potentially indicating reliance on unpredictable funding sources
Strengths
The following positive indicators were identified for David & Tricia Rogers Foundation:
- Consistently zero officer compensation, indicating high efficiency and dedication of leadership
- Substantial and growing asset base ($19,633,369 latest, up from $6,523,572 in 2015)
- Minimal liabilities ($1 reported in recent years), indicating strong financial health and low debt
- Consistent filing history (8 filings), demonstrating commitment to transparency and compliance
Frequently Asked Questions about David & Tricia Rogers Foundation
Is David & Tricia Rogers Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, David & Tricia Rogers Foundation (EIN: 133789004) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does David & Tricia Rogers Foundation spend its money?
David & Tricia Rogers Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to David & Tricia Rogers Foundation tax-deductible?
David & Tricia Rogers Foundation is registered as a tax-exempt nonprofit (EIN: 133789004). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the foundation manage to operate with zero officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation's leadership is either entirely volunteer-based or compensated through other means not reported on the 990, such as through a related entity or personal funds. This is a significant factor in its operational efficiency.
What are the primary sources of the foundation's fluctuating revenue?
Given the significant swings in revenue, from $8,558,705 in 2021 to $907,311 in 2023, it's likely that the foundation receives large, infrequent donations or experiences substantial gains/losses from investments, which are common for private foundations.
What specific programs does the David & Tricia Rogers Foundation support?
The NTEE code T20Z indicates 'Philanthropy, Voluntarism, and Grantmaking Foundations - Other,' which is broad. Without more detailed program expense breakdowns, the specific beneficiaries or types of initiatives supported are not clear from the provided data.
Filing History
IRS 990 filing history for David & Tricia Rogers Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2023), David & Tricia Rogers Foundation's revenue has grown by 708.9%, moving from $112K to $907K. Total assets increased by 170.3% over the same period, from $7.5M to $20.2M. Total functional expenses rose by 127.4%, from $448K to $1.0M. In its most recent filing year (2023), David & Tricia Rogers Foundation reported a deficit of $111K, with expenses exceeding revenue. The organization holds $1 in liabilities against $20.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $20.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $907K | $1.0M | $20.2M | $1 | — | View 990 |
| 2022 | $3.0M | $1.1M | $20.3M | $1 | — | View 990 |
| 2021 | $8.6M | $741K | $18.4M | $1 | — | View 990 |
| 2020 | $1.5M | $149K | $10.6M | $1 | — | View 990 |
| 2015 | $249K | $601K | $6.5M | $0 | — | View 990 |
| 2014 | $20K | $57K | $6.9M | $0 | — | View 990 |
| 2013 | $132K | $701K | $6.9M | $0 | — | View 990 |
| 2012 | $112K | $448K | $7.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $907K, expenses of $1.0M, and assets of $20.2M (revenue -69.7% year-over-year).
- 2022: Revenue of $3.0M, expenses of $1.1M, and assets of $20.3M (revenue -65.0% year-over-year).
- 2021: Revenue of $8.6M, expenses of $741K, and assets of $18.4M (revenue +460.7% year-over-year).
- 2020: Revenue of $1.5M, expenses of $149K, and assets of $10.6M (revenue +514.1% year-over-year).
- 2015: Revenue of $249K, expenses of $601K, and assets of $6.5M (revenue +1126.3% year-over-year).
- 2014: Revenue of $20K, expenses of $57K, and assets of $6.9M (revenue -84.7% year-over-year).
- 2013: Revenue of $132K, expenses of $701K, and assets of $6.9M (revenue +18.0% year-over-year).
- 2012: Revenue of $112K, expenses of $448K, and assets of $7.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for David & Tricia Rogers Foundation:
Data Sources and Methodology
This transparency report for David & Tricia Rogers 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.