Dolan Family Foundation Corp
Dolan Family Foundation consistently spends more than it earns, drawing down substantial assets while reporting zero officer compensation.
EIN: 113129948 · Melville, NY · Updated: 2026-03-28
Is Dolan Family Foundation Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dolan Family Foundation Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Dolan Family Foundation Corp
Dolan Family Foundation Corp (EIN: 113129948) is a nonprofit organization based in Melville, NY. The organization reported total revenue of $15.6M and total assets of $86.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dolan Family Foundation Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dolan Family Foundation Corp is a large nonprofit that has been operating for 38 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $8.5M |
| Surplus / Deficit | $-5,881,059 |
| Total Assets | $83.8M |
| Total Liabilities | $1 |
| Net Assets | $83.8M |
| Operating Margin | -226.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 118.6 months |
Financial Health Grade: B
In 2023, Dolan Family Foundation Corp reported a deficit of $5.9M with expenses exceeding revenue, holds 118.6 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), Dolan Family Foundation Corp's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.3% | +5.1% | -6.6% |
| 2022 | -30.0% | +12.8% | -5.3% |
| 2021 | -72.7% | -28.5% | -2.9% |
| 2020 | +364.1% | -26.6% | +6.4% |
| 2019 | -68.2% | +198.6% | +80.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Dolan Family Foundation Corp 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, Dolan Family Foundation Corp 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers are receiving salaries from the foundation. This is highly unusual for an organization of this size with assets exceeding $86 million and suggests either volunteer leadership or compensation is covered by an affiliated entity, which would require further investigation for full transparency.
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 Dolan Family Foundation Corp's IRS 990 filings:
- Consistent expense-to-revenue deficits, indicating reliance on asset drawdowns without consistent replenishment.
- Unknown NTEE code, hindering direct comparison and understanding of mission focus.
- Lack of detailed program spending breakdown within the provided data, making it difficult to assess specific impact areas.
Strengths
The following positive indicators were identified for Dolan Family Foundation Corp:
- Substantial asset base ($86,282,230) providing a strong financial foundation.
- Consistent reporting of 0% officer compensation, indicating high efficiency in executive overhead.
- Very low liabilities across recent filings, suggesting strong financial management and minimal debt.
- Consistent filing of IRS Form 990s, demonstrating transparency in financial reporting.
Frequently Asked Questions about Dolan Family Foundation Corp
Is Dolan Family Foundation Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Dolan Family Foundation Corp (EIN: 113129948) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does Dolan Family Foundation Corp spend its money?
Dolan Family Foundation Corp directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Dolan Family Foundation Corp tax-deductible?
Dolan Family Foundation Corp is registered as a tax-exempt nonprofit (EIN: 113129948). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Dolan Family Foundation sustain its operations given consistent expense-to-revenue deficits?
The foundation appears to be spending down its substantial asset base, which was $86,282,230 in the latest period. This is a common practice for private foundations that distribute grants from their endowment.
What is the nature of the 'Officer Comp=0%' reported across all filings?
The consistent reporting of 0% officer compensation suggests that either the foundation's leadership is entirely volunteer-based, or their compensation is covered by an affiliated entity, or not reported on the 990 for other reasons. This is a significant positive for efficiency but warrants clarification for complete understanding.
What are the specific program areas or beneficiaries of the Dolan Family Foundation's grants?
The provided data does not specify the NTEE code or detailed program descriptions, making it difficult to ascertain the specific mission areas or beneficiaries of the foundation's grantmaking activities.
Filing History
IRS 990 filing history for Dolan Family Foundation Corp showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Dolan Family Foundation Corp's revenue has grown by 244.4%, moving from $755K to $2.6M. Total assets increased by 6327.6% over the same period, from $1.3M to $83.8M. Total functional expenses rose by 449%, from $1.5M to $8.5M. In its most recent filing year (2023), Dolan Family Foundation Corp reported a deficit of $5.9M, with expenses exceeding revenue. The organization holds $1 in liabilities against $83.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $83.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $8.5M | $83.8M | $1 | — | — |
| 2022 | $3.0M | $8.1M | $89.7M | $1 | — | View 990 |
| 2021 | $4.3M | $7.1M | $94.7M | $1 | — | View 990 |
| 2020 | $15.8M | $10.0M | $97.5M | $1 | — | View 990 |
| 2019 | $3.4M | $13.6M | $91.7M | $1 | — | View 990 |
| 2015 | $10.7M | $4.6M | $50.7M | $7.1M | — | View 990 |
| 2014 | $5.8M | $2.7M | $3.7M | $4.4M | — | View 990 |
| 2013 | $1.1M | $2.0M | $613K | $5.8M | — | View 990 |
| 2012 | $784K | $630K | $1.5M | $0 | — | View 990 |
| 2011 | $755K | $1.5M | $1.3M | $50K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $8.5M, and assets of $83.8M (revenue -14.3% year-over-year).
- 2022: Revenue of $3.0M, expenses of $8.1M, and assets of $89.7M (revenue -30.0% year-over-year).
- 2021: Revenue of $4.3M, expenses of $7.1M, and assets of $94.7M (revenue -72.7% year-over-year).
- 2020: Revenue of $15.8M, expenses of $10.0M, and assets of $97.5M (revenue +364.1% year-over-year).
- 2019: Revenue of $3.4M, expenses of $13.6M, and assets of $91.7M (revenue -68.2% year-over-year).
- 2015: Revenue of $10.7M, expenses of $4.6M, and assets of $50.7M (revenue +86.1% year-over-year).
- 2014: Revenue of $5.8M, expenses of $2.7M, and assets of $3.7M (revenue +410.4% year-over-year).
- 2013: Revenue of $1.1M, expenses of $2.0M, and assets of $613K (revenue +44.2% year-over-year).
- 2012: Revenue of $784K, expenses of $630K, and assets of $1.5M (revenue +3.8% year-over-year).
- 2011: Revenue of $755K, expenses of $1.5M, and assets of $1.3M.
Data Sources and Methodology
This transparency report for Dolan Family Foundation Corp 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.