Duncan Family Trust
Duncan Family Trust shows highly volatile annual finances with significant deficits in recent years, despite growing assets.
EIN: 200905873 · Lincoln, NE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $397K |
| Program Spending | 70% |
| Net Assets | $496K |
| Transparency Score | 60/100 |
Is Duncan Family Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Duncan Family Trust directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Duncan Family Trust
Duncan Family Trust (EIN: 200905873) is a nonprofit organization based in Lincoln, NE, classified under NTEE code T22. The organization reported total revenue of $1.6M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Duncan Family Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Duncan Family Trust is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14K |
| Total Expenses | $397K |
| Surplus / Deficit | $-382,261 |
| Total Assets | $496K |
| Total Liabilities | $1 |
| Net Assets | $496K |
| Operating Margin | -2665.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 15.0 months |
Financial Health Grade: B
In 2023, Duncan Family Trust reported a deficit of $382K with expenses exceeding revenue, holds 15.0 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), Duncan Family Trust's revenue has declined at a compound annual growth rate (CAGR) of -9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -96.9% | -49.5% | -43.5% |
| 2022 | -50.1% | +214.1% | -26.5% |
| 2021 | +179.7% | -25.8% | +137.4% |
| 2020 | -25.6% | +36.4% | -0.4% |
| 2019 | +448.8% | +76.6% | +438.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Duncan Family Trust with a Mission Score of 60 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Duncan Family Trust allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $382K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, suggesting either a volunteer-led organization or that compensation is not categorized as officer compensation, which is unusual for an organization of this asset size.
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 Duncan Family Trust's IRS 990 filings:
- Highly inconsistent annual revenue and expenses, leading to significant deficits in some years (e.g., 2023 expenses $396,605 vs. revenue $14,344).
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering assessment of spending efficiency.
- Unexplained discrepancy between 2023 reported assets ($495,887) and the 'latest assets' figure ($1,732,971).
Strengths
The following positive indicators were identified for Duncan Family Trust:
- Consistently low liabilities ($1) across all reported periods, indicating strong financial solvency.
- Significant growth in total assets over the decade, from $3,474 in 2011 to $495,887 in 2023, and a reported latest asset value of $1,732,971.
- Consistent reporting of 0% officer compensation, suggesting a potentially volunteer-driven leadership or efficient compensation structure.
Frequently Asked Questions about Duncan Family Trust
Is Duncan Family Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Duncan Family Trust (EIN: 200905873) some concerns. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
How does Duncan Family Trust spend its money?
Duncan Family Trust directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Duncan Family Trust tax-deductible?
Duncan Family Trust is registered as a tax-exempt nonprofit (EIN: 200905873). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Duncan Family Trust's spending goes to programs?
Duncan Family Trust directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Duncan Family Trust compare to similar nonprofits?
With a transparency score of 60/100 (Good), Duncan Family Trust is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Duncan Family Trust located?
Duncan Family Trust is headquartered in Lincoln, Nebraska and files with the IRS under EIN 200905873. It is classified under NTEE code T22.
How many years of IRS 990 filings does Duncan Family Trust have?
Duncan Family Trust 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 $1.6M in total revenue.
What caused the significant deficit in 2023, with expenses of $396,605 against revenue of only $14,344?
The provided data does not specify the reasons for the large deficit in 2023. It could be due to a large grant payout, investment losses, or a temporary dip in contributions.
How does the Duncan Family Trust allocate its expenses between program services, administrative costs, and fundraising?
The provided IRS 990 data lacks the detailed breakdown of expenses necessary to determine the exact allocation between programs, administration, and fundraising. This information is crucial for assessing spending efficiency.
What is the nature of the 'Liabilities=$1' reported consistently across all filings?
The consistent reporting of $1 in liabilities is highly unusual and suggests either a reporting anomaly, a placeholder, or that the trust genuinely has negligible financial obligations, which would be a positive indicator of financial health.
Given the NTEE code T22 (Private Grantmaking Foundations), what grants or charitable distributions did the trust make?
The provided data does not include details on the grants or charitable distributions made by the Duncan Family Trust. This information is essential to evaluate its programmatic impact as a grantmaking foundation.
Why is the latest reported asset value ($1,732,971) significantly higher than the assets reported in the 2023 filing ($495,887)?
The discrepancy between the latest reported assets and the 2023 filing's asset value suggests either a significant increase in asset value post-2023, substantial additional contributions not reflected in the 2023 revenue, or a different reporting period for the 'latest revenue' and 'assets' figures provided.
Filing History
IRS 990 filing history for Duncan Family Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Duncan Family Trust's revenue has declined by 68.1%, moving from $45K to $14K. Total assets increased by 14174.2% over the same period, from $3K to $496K. Total functional expenses rose by 799.7%, from $44K to $397K. In its most recent filing year (2023), Duncan Family Trust reported a deficit of $382K, with expenses exceeding revenue. The organization holds $1 in liabilities against $496K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $496K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14K | $397K | $496K | $1 | — | View 990 |
| 2022 | $468K | $785K | $878K | $1 | — | View 990 |
| 2021 | $937K | $250K | $1.2M | $1 | — | — |
| 2020 | $335K | $337K | $504K | $1 | — | View 990 |
| 2019 | $450K | $247K | $506K | $1 | — | View 990 |
| 2015 | $82K | $140K | $94K | $1 | — | View 990 |
| 2014 | $211K | $67K | $152K | $1 | — | View 990 |
| 2013 | $60K | $56K | $8K | $1 | — | View 990 |
| 2012 | $50K | $50K | $3K | $1 | — | View 990 |
| 2011 | $45K | $44K | $3K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14K, expenses of $397K, and assets of $496K (revenue -96.9% year-over-year).
- 2022: Revenue of $468K, expenses of $785K, and assets of $878K (revenue -50.1% year-over-year).
- 2021: Revenue of $937K, expenses of $250K, and assets of $1.2M (revenue +179.7% year-over-year).
- 2020: Revenue of $335K, expenses of $337K, and assets of $504K (revenue -25.6% year-over-year).
- 2019: Revenue of $450K, expenses of $247K, and assets of $506K (revenue +448.8% year-over-year).
- 2015: Revenue of $82K, expenses of $140K, and assets of $94K (revenue -61.1% year-over-year).
- 2014: Revenue of $211K, expenses of $67K, and assets of $152K (revenue +251.7% year-over-year).
- 2013: Revenue of $60K, expenses of $56K, and assets of $8K (revenue +20.0% year-over-year).
- 2012: Revenue of $50K, expenses of $50K, and assets of $3K (revenue +11.1% year-over-year).
- 2011: Revenue of $45K, expenses of $44K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Duncan Family Trust:
Data Sources and Methodology
This transparency report for Duncan Family Trust 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.