Edward E Stone Foundation
Edward E Stone Foundation consistently spends more than it earns, drawing down assets.
EIN: 208147488 · Darien, CT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $376K |
| Program Spending | 75% |
| Net Assets | $3.8M |
| Transparency Score | 65/100 |
Is Edward E Stone Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Edward E Stone Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Edward E Stone Foundation
Edward E Stone Foundation (EIN: 208147488) is a nonprofit organization based in Darien, CT, classified under NTEE code T20. The organization reported total revenue of $1.7M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edward E Stone Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Edward E Stone Foundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $129K |
| Total Expenses | $376K |
| Surplus / Deficit | $-246,301 |
| Total Assets | $3.8M |
| Total Liabilities | $1 |
| Net Assets | $3.8M |
| Operating Margin | -190.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 121.0 months |
Financial Health Grade: B
In 2023, Edward E Stone Foundation reported a deficit of $246K with expenses exceeding revenue, holds 121.0 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), Edward E Stone Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.5% | -22.4% | +0.9% |
| 2022 | -69.4% | +67.3% | -14.8% |
| 2021 | +210.9% | -26.5% | +4.3% |
| 2020 | -11.3% | +5.3% | -5.5% |
| 2019 | -53.6% | +9.5% | -18.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Edward E Stone 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, Edward E Stone 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $246K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Edward E Stone Foundation reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly efficient for an organization of its 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 Edward E Stone Foundation's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in most recent years.
- Significant decline in total assets over the past decade, indicating reliance on asset drawdowns.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data.
Strengths
The following positive indicators were identified for Edward E Stone Foundation:
- 0% officer compensation reported, indicating efficient use of funds at the leadership level.
- Consistent filing of IRS 990 forms, demonstrating transparency.
- Maintains substantial assets ($3.7M in 2023) despite drawdowns, providing a buffer.
Frequently Asked Questions about Edward E Stone Foundation
Is Edward E Stone Foundation a legitimate charity?
Edward E Stone Foundation (EIN: 208147488) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.7M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Edward E Stone Foundation spend its money?
Edward E Stone Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Edward E Stone Foundation tax-deductible?
Edward E Stone Foundation is registered as a tax-exempt nonprofit (EIN: 208147488). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Edward E Stone Foundation's spending goes to programs?
Edward E Stone Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Edward E Stone Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Edward E Stone Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Edward E Stone Foundation located?
Edward E Stone Foundation is headquartered in Darien, Connecticut and files with the IRS under EIN 208147488. It is classified under NTEE code T20.
How many years of IRS 990 filings does Edward E Stone Foundation have?
Edward E Stone Foundation 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 $1.7M in total revenue.
Is the Edward E Stone Foundation financially sustainable given its consistent deficit spending?
The foundation has consistently spent more than its revenue in most recent years (e.g., $375,661 expenses vs. $129,360 revenue in 2023), leading to a significant decline in assets from $5.7M in 2014 to $3.7M in 2023. This trend raises concerns about long-term financial sustainability if not addressed.
What is the primary source of the foundation's revenue, and is it diversified?
The provided data only shows total revenue, not its sources. Given the consistent deficit, it's unclear if the revenue is primarily from investments, grants, or other sources, and if it's diversified enough to mitigate financial risks.
What is the detailed breakdown of the foundation's expenses (program, administrative, fundraising)?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to fully assess spending efficiency beyond the overall deficit.
Filing History
IRS 990 filing history for Edward E Stone Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Edward E Stone Foundation's revenue has declined by 10%, moving from $144K to $129K. Total assets decreased by 24.6% over the same period, from $5.0M to $3.8M. Total functional expenses rose by 37.2%, from $274K to $376K. In its most recent filing year (2023), Edward E Stone Foundation reported a deficit of $246K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $129K | $376K | $3.8M | $1 | — | — |
| 2022 | $141K | $484K | $3.8M | $1 | — | View 990 |
| 2021 | $462K | $290K | $4.4M | $1 | — | — |
| 2020 | $149K | $394K | $4.2M | $1 | — | View 990 |
| 2019 | $168K | $374K | $4.5M | $1 | — | View 990 |
| 2015 | $361K | $342K | $5.5M | $0 | — | View 990 |
| 2014 | $961K | $256K | $5.8M | $0 | — | View 990 |
| 2013 | $227K | $241K | $5.3M | $0 | — | View 990 |
| 2012 | $340K | $117K | $5.0M | $0 | — | View 990 |
| 2011 | $144K | $274K | $5.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $129K, expenses of $376K, and assets of $3.8M (revenue -8.5% year-over-year).
- 2022: Revenue of $141K, expenses of $484K, and assets of $3.8M (revenue -69.4% year-over-year).
- 2021: Revenue of $462K, expenses of $290K, and assets of $4.4M (revenue +210.9% year-over-year).
- 2020: Revenue of $149K, expenses of $394K, and assets of $4.2M (revenue -11.3% year-over-year).
- 2019: Revenue of $168K, expenses of $374K, and assets of $4.5M (revenue -53.6% year-over-year).
- 2015: Revenue of $361K, expenses of $342K, and assets of $5.5M (revenue -62.4% year-over-year).
- 2014: Revenue of $961K, expenses of $256K, and assets of $5.8M (revenue +323.4% year-over-year).
- 2013: Revenue of $227K, expenses of $241K, and assets of $5.3M (revenue -33.2% year-over-year).
- 2012: Revenue of $340K, expenses of $117K, and assets of $5.0M (revenue +136.4% year-over-year).
- 2011: Revenue of $144K, expenses of $274K, and assets of $5.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Edward E Stone Foundation:
Data Sources and Methodology
This transparency report for Edward E Stone 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.