Duke Farms Foundation
Duke Farms Foundation consistently operates at a deficit, drawing down significant assets over the past decade.
EIN: 134008720 · Hillsborough, NJ · NTEE: C42Z · Updated: 2026-03-28
Is Duke Farms Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Duke Farms Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Duke Farms Foundation
Duke Farms Foundation (EIN: 134008720) is a nonprofit organization based in Hillsborough, NJ, classified under NTEE code C42Z. The organization reported total revenue of $17.0M and total assets of $59.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Duke Farms Foundation'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 Duke Farms Foundation with a Mission Score of 65 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: 75%
- fundraising: 10%
According to IRS 990 filings, Duke Farms Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting either a fully volunteer executive leadership or that compensation is categorized differently, which enhances transparency regarding direct officer pay.
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 Duke Farms Foundation's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) across multiple years, e.g., $18.8M expenses vs. $16.6M revenue in 2023.
- Significant long-term decline in total assets, from over $102M in 2011 to $60.5M in 2023, indicating reliance on asset drawdowns.
- Liabilities are substantial and sometimes exceed assets, as seen in 2021 ($70.5M liabilities vs. $65.3M assets) and 2020 ($72.7M liabilities vs. $68.6M assets), which could indicate financial strain.
Strengths
The following positive indicators were identified for Duke Farms Foundation:
- Substantial asset base, even with decline, providing a significant financial buffer ($60.5M in 2023).
- Consistent reporting of 0% officer compensation, indicating strong transparency in this area or a volunteer leadership model.
- Long operational history with 10 years of consistent IRS 990 filings, suggesting organizational stability and compliance.
Frequently Asked Questions about Duke Farms Foundation
Is Duke Farms Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Duke Farms Foundation (EIN: 134008720) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Duke Farms Foundation spend its money?
Duke Farms Foundation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Duke Farms Foundation tax-deductible?
Duke Farms Foundation is registered as a tax-exempt nonprofit (EIN: 134008720). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Duke Farms Foundation a good charity?
Duke Farms Foundation has a substantial asset base and a long history of operation. While it consistently operates at a deficit, drawing down assets, its mission-related activities appear to be sustained. The lack of reported officer compensation is a positive transparency indicator. A 'good' charity depends on individual priorities, but its financial trends warrant careful consideration.
Why are Duke Farms Foundation's assets declining?
The organization's assets have declined from $102,730,604 in 2011 to $60,541,759 in 2023. This decline is likely due to the consistent operational deficits, where annual expenses exceed revenues, requiring the organization to draw from its existing asset base to cover costs.
How does Duke Farms Foundation cover its operational deficits?
Given that expenses consistently exceed revenue (e.g., $18,872,100 expenses vs. $16,683,987 revenue in 2023), Duke Farms Foundation appears to cover its operational deficits by utilizing its substantial asset base. This is reflected in the long-term decline of its total assets.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings indicates that no compensation was paid to officers, directors, trustees, or key employees, or it was not reported in this specific section of the 990. This suggests either a volunteer-led executive team or that executive salaries are categorized under other expense lines, which would require further investigation for full transparency.
Filing History
IRS 990 filing history for Duke Farms Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Duke Farms Foundation's revenue has grown by 86%, moving from $9.0M to $16.7M. Total assets decreased by 41.1% over the same period, from $102.7M to $60.5M. Total functional expenses rose by 56.8%, from $12.0M to $18.9M. In its most recent filing year (2023), Duke Farms Foundation reported a deficit of $2.2M, with expenses exceeding revenue. The organization holds $59.4M in liabilities against $60.5M in assets (debt-to-asset ratio: 98.2%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $16.7M | $18.9M | $60.5M | $59.4M | — | — |
| 2022 | $17.5M | $19.2M | $62.5M | $59.5M | — | View 990 |
| 2021 | $13.7M | $17.2M | $65.4M | $70.5M | — | View 990 |
| 2020 | $13.0M | $16.0M | $68.6M | $72.8M | — | — |
| 2019 | $13.1M | $15.5M | $71.6M | $68.8M | — | View 990 |
| 2015 | $15.0M | $16.7M | $85.7M | $68.9M | — | View 990 |
| 2014 | $12.9M | $16.6M | $87.3M | $68.3M | — | View 990 |
| 2013 | $9.8M | $15.6M | $90.5M | $62.3M | — | View 990 |
| 2012 | $10.3M | $13.4M | $96.8M | $68.2M | — | View 990 |
| 2011 | $9.0M | $12.0M | $102.7M | $71.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.7M, expenses of $18.9M, and assets of $60.5M (revenue -4.9% year-over-year).
- 2022: Revenue of $17.5M, expenses of $19.2M, and assets of $62.5M (revenue +27.7% year-over-year).
- 2021: Revenue of $13.7M, expenses of $17.2M, and assets of $65.4M (revenue +5.6% year-over-year).
- 2020: Revenue of $13.0M, expenses of $16.0M, and assets of $68.6M (revenue -0.4% year-over-year).
- 2019: Revenue of $13.1M, expenses of $15.5M, and assets of $71.6M (revenue -12.7% year-over-year).
- 2015: Revenue of $15.0M, expenses of $16.7M, and assets of $85.7M (revenue +15.8% year-over-year).
- 2014: Revenue of $12.9M, expenses of $16.6M, and assets of $87.3M (revenue +31.4% year-over-year).
- 2013: Revenue of $9.8M, expenses of $15.6M, and assets of $90.5M (revenue -4.9% year-over-year).
- 2012: Revenue of $10.3M, expenses of $13.4M, and assets of $96.8M (revenue +15.2% year-over-year).
- 2011: Revenue of $9.0M, expenses of $12.0M, and assets of $102.7M.
Data Sources and Methodology
This transparency report for Duke Farms 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.