Derrick Singer Private Foundation Tr
Derrick Singer Private Foundation consistently spends more than its annual revenue, drawing from its over $1.3 million asset base.
EIN: 206189223 · Cumberland, MD · NTEE: T20 · Updated: 2026-03-28
Is Derrick Singer Private Foundation Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Derrick Singer Private Foundation Tr directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Derrick Singer Private Foundation Tr
Derrick Singer Private Foundation Tr (EIN: 206189223) is a nonprofit organization based in Cumberland, MD, classified under NTEE code T20. The organization reported total revenue of $282K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Derrick Singer Private Foundation Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Derrick Singer Private Foundation Tr with a Mission Score of 75 out of 100 (Good). 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, Derrick Singer Private Foundation Tr 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.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to executives, which is common for smaller private foundations and enhances financial efficiency.
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 Derrick Singer Private Foundation Tr's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in recent years, e.g., $103,665 expenses vs. $62,005 revenue in 2023.
- Declining asset base over the last decade, from $1,625,521 in 2014 to $1,388,767 in 2023.
Strengths
The following positive indicators were identified for Derrick Singer Private Foundation Tr:
- Strong and stable asset base, consistently over $1.3 million.
- Zero officer compensation reported across all filings, indicating efficient use of funds.
- Minimal liabilities, often reported as $1, reflecting a healthy balance sheet.
- Consistent IRS 990 filing history, demonstrating transparency.
Frequently Asked Questions about Derrick Singer Private Foundation Tr
Is Derrick Singer Private Foundation Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Derrick Singer Private Foundation Tr (EIN: 206189223) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Derrick Singer Private Foundation Tr spend its money?
Derrick Singer Private Foundation Tr directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Derrick Singer Private Foundation Tr tax-deductible?
Derrick Singer Private Foundation Tr is registered as a tax-exempt nonprofit (EIN: 206189223). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Derrick Singer Private Foundation Tr a good charity?
As a private foundation, its 'goodness' is primarily measured by its grant-making activities and financial stewardship. The foundation maintains a strong asset base (over $1.3 million) and has no officer compensation, which are positive indicators. However, it consistently spends more than its annual revenue, relying on its endowment, which could be a concern for long-term sustainability if not managed strategically.
What is the primary purpose of this organization?
Based on its NTEE code T20 (Private Grantmaking Foundations), the primary purpose of the Derrick Singer Private Foundation Tr is to make grants to other organizations or individuals, rather than directly operating charitable programs.
How has the foundation's financial health changed over time?
The foundation's assets have remained robust, generally above $1.3 million, though they have slightly declined from a peak of $1,625,521 in 2014 to $1,388,767 in 2023. Revenue has been inconsistent, with a large spike in 2012, but generally, annual expenses have exceeded annual revenues in recent years, indicating a draw on its principal.
Filing History
IRS 990 filing history for Derrick Singer Private Foundation Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Derrick Singer Private Foundation Tr's revenue has grown by 188.2%, moving from $22K to $62K. Total assets increased by 170.6% over the same period, from $513K to $1.4M. Total functional expenses rose by 182.1%, from $37K to $104K. In its most recent filing year (2023), Derrick Singer Private Foundation Tr reported a deficit of $42K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $62K | $104K | $1.4M | $1 | — | View 990 |
| 2022 | $57K | $106K | $1.4M | $1 | — | View 990 |
| 2021 | $50K | $96K | $1.5M | $1 | — | — |
| 2020 | $23K | $104K | $1.5M | $1 | — | — |
| 2019 | $97K | $91K | $1.6M | $1 | — | View 990 |
| 2015 | $82K | $101K | $1.6M | $1 | — | View 990 |
| 2014 | $82K | $88K | $1.6M | $1 | — | View 990 |
| 2013 | $92K | $98K | $1.6M | $0 | — | View 990 |
| 2012 | $1.2M | $77K | $1.6M | $0 | — | View 990 |
| 2011 | $22K | $37K | $513K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $62K, expenses of $104K, and assets of $1.4M (revenue +8.3% year-over-year).
- 2022: Revenue of $57K, expenses of $106K, and assets of $1.4M (revenue +14.0% year-over-year).
- 2021: Revenue of $50K, expenses of $96K, and assets of $1.5M (revenue +121.8% year-over-year).
- 2020: Revenue of $23K, expenses of $104K, and assets of $1.5M (revenue -76.6% year-over-year).
- 2019: Revenue of $97K, expenses of $91K, and assets of $1.6M (revenue +18.5% year-over-year).
- 2015: Revenue of $82K, expenses of $101K, and assets of $1.6M (revenue -1.1% year-over-year).
- 2014: Revenue of $82K, expenses of $88K, and assets of $1.6M (revenue -10.3% year-over-year).
- 2013: Revenue of $92K, expenses of $98K, and assets of $1.6M (revenue -92.2% year-over-year).
- 2012: Revenue of $1.2M, expenses of $77K, and assets of $1.6M (revenue +5411.8% year-over-year).
- 2011: Revenue of $22K, expenses of $37K, and assets of $513K.
Data Sources and Methodology
This transparency report for Derrick Singer Private Foundation Tr 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.