Dreman Foundation Inc
Dreman Foundation: Declining Assets, High Administrative Costs
EIN: 222764782 · Palm Beach, FL · Updated: 2026-04-04
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Dreman Foundation Inc is mapped to EIN 222764782.
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| Metric | Value |
|---|---|
| Total Revenue | $4.5M |
| Total Expenses | $430K |
| CEO/Top Officer Pay | $0 |
| Net Assets | $3.9M |
| Transparency Score | 45/100 |
Search Intent Cockpit
Dreman Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Dreman Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Dreman Foundation Inc in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $405K and expenses of $430K.
Revenue and Expenses
Dreman Foundation Inc reported $405K in revenue and $430K in expenses, a deficit of $25K.
Executive Compensation
Top officer compensation appears as $0 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
45/100 mission score, 3 red flags, and 2 strengths are shown from structured and AI review.
Is Dreman Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
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Expense Deployment
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Across stored filings, Dreman Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, functional expense detail, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Significant Concerns | Good filing record; 3 red flags identified |
| Mission spend | Pending | Unknown |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Cornelia Warren Community Assn Inc | Florida and category context |
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Palm Beach, FL nonprofitsFollow the Money
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About Dreman Foundation Inc
Dreman Foundation Inc (EIN: 222764782) is a nonprofit organization based in Palm Beach, FL. The organization reported total revenue of $4.5M and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dreman Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dreman Foundation Inc is a mid-size nonprofit that has been operating for 39 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $405K |
| Total Expenses | $430K |
| Surplus / Deficit | $-24,898 |
| Total Assets | $3.9M |
| Total Liabilities | $73K |
| Net Assets | $3.9M |
| Operating Margin | -6.1% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 109.5 months |
Financial Health Grade: B
In 2023, Dreman Foundation Inc reported a deficit of $25K with expenses exceeding revenue, holds 109.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Dreman Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.6% | -3.8% | +0.2% |
| 2022 | +1.0% | +5.1% | -2.8% |
| 2021 | -46.3% | -4.3% | -1.6% |
| 2020 | +53.6% | -4.2% | -11.8% |
| 2019 | -42.1% | +11.7% | +4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Dreman Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Dreman Foundation Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.9%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating an all-volunteer leadership structure.
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 Dreman Foundation Inc's IRS 990 filings:
- Zero program service expenses reported across all years, raising questions about direct charitable activities.
- Consistent net asset decline from $4,646,624 in 2019 to $3,924,722 in 2023.
- Administrative expenses consistently represent 100% of total expenses, with no allocation to programs or fundraising.
Strengths
The following positive indicators were identified for Dreman Foundation Inc:
- Maintains a substantial asset base, with $3,924,722 in 2023, providing potential for future grant-making.
- Reports 0% compensation, indicating an all-volunteer model which can minimize overhead if effectively managed.
Frequently Asked Questions about Dreman Foundation Inc
Is Dreman Foundation Inc a legitimate charity?
Dreman Foundation Inc (EIN: 222764782) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $4.5M. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Dreman Foundation Inc spend its money?
Dreman Foundation Inc reported $4.5M in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Dreman Foundation Inc tax-deductible?
Dreman Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222764782). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Dreman Foundation Inc CEO make?
Dreman Foundation Inc's highest-compensated officer earns $0 annually. The organization reported $4.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Dreman Foundation Inc located?
Dreman Foundation Inc is headquartered in Palm Beach, Florida and files with the IRS under EIN 222764782.
How many years of IRS 990 filings does Dreman Foundation Inc have?
Dreman Foundation Inc has 10 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 $4.5M in total revenue.
What does Dreman Foundation Inc do?
Dreman Foundation Inc is a nonprofit organization in the Unknown sector, located in Palm Beach, Florida. It is classified under NTEE code Unknown.
How much revenue does Dreman Foundation Inc have?
Dreman Foundation Inc reported total revenue of $4,547,706. Based on 10 IRS 990 filings on record.
What are Dreman Foundation Inc's total assets?
Dreman Foundation Inc holds total assets of $6,101,064 as reported in IRS 990 filings.
Where is Dreman Foundation Inc located?
Dreman Foundation Inc is based in Palm Beach, Florida.
What is Dreman Foundation Inc's EIN?
Dreman Foundation Inc's Employer Identification Number (EIN) is 222764782. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Dreman Foundation Inc?
Dreman Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Dreman Foundation Inc a registered 501(c)(3)?
Dreman Foundation Inc appears in IRS records (EIN: 222764782). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Dreman Foundation Inc file IRS Form 990?
Yes, Dreman Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202311.
What was Dreman Foundation Inc's revenue in 2023?
In the 202311 filing period, Dreman Foundation Inc reported total revenue of $405,175, total expenses of $430,073, and net assets of $3,924,722.
Is Dreman Foundation Inc's revenue growing or declining?
Dreman Foundation Inc's revenue is growing. Revenue went from $336,009 (202211) to $405,175 (202311), a +20.6% change. Based on 10 filings on record.
What is Dreman Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Dreman Foundation Inc covers tax period 202311. It shows revenue of $405,175, expenses of $430,073, total assets of $3,924,722, and liabilities of $73,375.
Is Dreman Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Dreman Foundation Inc shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 2 strengths noted.
What are the red flags for Dreman Foundation Inc?
The following concerns were identified: Zero program service expenses reported across all years, raising questions about direct charitable activities.. Consistent net asset decline from $4,646,624 in 2019 to $3,924,722 in 2023.. Administrative expenses consistently represent 100% of total expenses, with no allocation to programs or fundraising.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Dreman Foundation Inc's strengths?
Positive indicators for Dreman Foundation Inc include: Maintains a substantial asset base, with $3,924,722 in 2023, providing potential for future grant-making.. Reports 0% compensation, indicating an all-volunteer model which can minimize overhead if effectively managed.. These findings are derived from AI analysis of the organization's financial filings.
How does Dreman Foundation Inc compensate executives?
Executive compensation is reported as $0 across all available filings, indicating an all-volunteer leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of zero program service expenses and 100% administrative expenses, how does the Dreman Foundation fulfill its charitable mission?
The foundation likely operates as a grant-making entity, where 'administrative expenses' cover costs associated with managing investments and distributing grants, rather than direct program delivery. However, the filings do not explicitly detail grant disbursements.
What is the long-term sustainability outlook for the Dreman Foundation, considering its consistent decline in net assets?
With total expenses consistently exceeding revenue (e.g., 2023 revenue of $405,175 vs. expenses of $430,073), the foundation is drawing down its principal. This trend, if continued, will diminish its capacity for future charitable activities unless revenue generation improves or expenses are significantly reduced.
Filing History
IRS 990 filing history for Dreman Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Dreman Foundation Inc's revenue has grown by 49.4%, moving from $271K to $405K. Total assets decreased by 11.8% over the same period, from $4.4M to $3.9M. Total functional expenses rose by 44.5%, from $298K to $430K. In its most recent filing year (2023), Dreman Foundation Inc reported a deficit of $25K, with expenses exceeding revenue. The organization holds $73K in liabilities against $3.9M in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $3.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $405K | $430K | $3.9M | $73K | — | — |
| 2022 | $336K | $447K | $3.9M | $44K | — | View 990 |
| 2021 | $333K | $425K | $4.0M | $43K | — | View 990 |
| 2020 | $620K | $444K | $4.1M | $16K | — | — |
| 2019 | $404K | $464K | $4.6M | $102K | — | View 990 |
| 2015 | $697K | $415K | $4.4M | $3K | — | View 990 |
| 2014 | $234K | $386K | $4.3M | $1 | — | View 990 |
| 2013 | $376K | $327K | $4.4M | $1 | — | View 990 |
| 2012 | $235K | $316K | $4.4M | $1 | — | View 990 |
| 2011 | $271K | $298K | $4.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $405K, expenses of $430K, and assets of $3.9M (revenue +20.6% year-over-year).
- 2022: Revenue of $336K, expenses of $447K, and assets of $3.9M (revenue +1.0% year-over-year).
- 2021: Revenue of $333K, expenses of $425K, and assets of $4.0M (revenue -46.3% year-over-year).
- 2020: Revenue of $620K, expenses of $444K, and assets of $4.1M (revenue +53.6% year-over-year).
- 2019: Revenue of $404K, expenses of $464K, and assets of $4.6M (revenue -42.1% year-over-year).
- 2015: Revenue of $697K, expenses of $415K, and assets of $4.4M (revenue +198.3% year-over-year).
- 2014: Revenue of $234K, expenses of $386K, and assets of $4.3M (revenue -37.9% year-over-year).
- 2013: Revenue of $376K, expenses of $327K, and assets of $4.4M (revenue +60.1% year-over-year).
- 2012: Revenue of $235K, expenses of $316K, and assets of $4.4M (revenue -13.4% year-over-year).
- 2011: Revenue of $271K, expenses of $298K, and assets of $4.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dreman Foundation Inc:
Data Sources and Methodology
This transparency report for Dreman Foundation Inc 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.