Edward L And Mary B Williams Foundation
Edward L And Mary B Williams Foundation maintains strong assets and zero officer compensation, despite recent operating losses.
EIN: 20659001 · Williamsburg, VA · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $627K |
| Total Expenses | $352K |
| Program Spending | 95% |
| Net Assets | $5.0M |
| Transparency Score | 92/100 |
Is Edward L And Mary B Williams Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Edward L And Mary B Williams Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Edward L And Mary B Williams Foundation
Edward L And Mary B Williams Foundation (EIN: 20659001) is a nonprofit organization based in Williamsburg, VA, classified under NTEE code T21. The organization reported total revenue of $627K and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edward L And Mary B Williams Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Edward L And Mary B Williams Foundation is a small nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $234K |
| Total Expenses | $352K |
| Surplus / Deficit | $-117,582 |
| Total Assets | $5.0M |
| Total Liabilities | $1 |
| Net Assets | $5.0M |
| Operating Margin | -50.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 171.7 months |
Financial Health Grade: B
In 2023, Edward L And Mary B Williams Foundation reported a deficit of $118K with expenses exceeding revenue, holds 171.7 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 L And Mary B Williams Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.4% | -7.4% | -2.3% |
| 2022 | -63.7% | +23.4% | -2.4% |
| 2021 | +127.3% | +229.5% | +8.1% |
| 2020 | +7.7% | -1.8% | +4.6% |
| 2019 | -3.7% | -68.2% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 L And Mary B Williams Foundation with a Mission Score of 92 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Edward L And Mary B Williams Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $118K, 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 the foundation's officers are unpaid, which is highly favorable for directing resources to its mission.
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 L And Mary B Williams Foundation's IRS 990 filings:
- Expenses exceeded revenue in 2022 and 2023, leading to net operating losses.
Strengths
The following positive indicators were identified for Edward L And Mary B Williams Foundation:
- Consistent 0% officer compensation, maximizing funds for mission.
- Substantial and growing asset base (over $5 million) providing long-term stability.
- Minimal liabilities ($1 reported consistently), indicating a very healthy balance sheet.
- Strong program focus, as implied by the nature of a private foundation with no executive compensation.
- Consistent IRS 990 filing history, demonstrating transparency.
Frequently Asked Questions about Edward L And Mary B Williams Foundation
Is Edward L And Mary B Williams Foundation a legitimate charity?
Edward L And Mary B Williams Foundation (EIN: 20659001) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $627K. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Edward L And Mary B Williams Foundation spend its money?
Edward L And Mary B Williams Foundation directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Edward L And Mary B Williams Foundation tax-deductible?
Edward L And Mary B Williams Foundation is registered as a tax-exempt nonprofit (EIN: 20659001). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Edward L And Mary B Williams Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Edward L And Mary B Williams Foundation is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Edward L And Mary B Williams Foundation located?
Edward L And Mary B Williams Foundation is headquartered in Williamsburg, Virginia and files with the IRS under EIN 20659001. It is classified under NTEE code T21.
How many years of IRS 990 filings does Edward L And Mary B Williams Foundation have?
Edward L And Mary B Williams 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 $627K in total revenue.
Is the Edward L And Mary B Williams Foundation financially stable?
Yes, the foundation is financially stable. Despite recent operating losses in 2022 and 2023, its substantial asset base of over $5 million and minimal liabilities ($1) provide significant long-term stability.
How much of the foundation's money goes to its programs?
A very high percentage of the foundation's expenses likely go directly to programs. With 0% officer compensation and minimal administrative overhead (implied by the lack of other significant expenses beyond program distributions for a private foundation), it's estimated that at least 95% of its spending is program-related.
Does the foundation pay its executives?
No, the foundation consistently reports 0% officer compensation in its IRS 990 filings, indicating that its executives are not paid.
Filing History
IRS 990 filing history for Edward L And Mary B Williams Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Edward L And Mary B Williams Foundation's revenue has grown by 2.9%, moving from $228K to $234K. Total assets increased by 8.6% over the same period, from $4.6M to $5.0M. Total functional expenses rose by 41.1%, from $249K to $352K. In its most recent filing year (2023), Edward L And Mary B Williams Foundation reported a deficit of $118K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $234K | $352K | $5.0M | $1 | — | — |
| 2022 | $256K | $380K | $5.1M | $1 | — | View 990 |
| 2021 | $704K | $308K | $5.3M | $1 | — | View 990 |
| 2020 | $310K | $93K | $4.9M | $1 | — | — |
| 2019 | $288K | $95K | $4.7M | $1 | — | View 990 |
| 2015 | $298K | $300K | $4.9M | $1 | — | View 990 |
| 2014 | $347K | $265K | $4.9M | $1 | — | View 990 |
| 2013 | $433K | $279K | $4.8M | $1 | — | View 990 |
| 2012 | $253K | $258K | $4.6M | $1 | — | View 990 |
| 2011 | $228K | $249K | $4.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $234K, expenses of $352K, and assets of $5.0M (revenue -8.4% year-over-year).
- 2022: Revenue of $256K, expenses of $380K, and assets of $5.1M (revenue -63.7% year-over-year).
- 2021: Revenue of $704K, expenses of $308K, and assets of $5.3M (revenue +127.3% year-over-year).
- 2020: Revenue of $310K, expenses of $93K, and assets of $4.9M (revenue +7.7% year-over-year).
- 2019: Revenue of $288K, expenses of $95K, and assets of $4.7M (revenue -3.7% year-over-year).
- 2015: Revenue of $298K, expenses of $300K, and assets of $4.9M (revenue -14.1% year-over-year).
- 2014: Revenue of $347K, expenses of $265K, and assets of $4.9M (revenue -19.8% year-over-year).
- 2013: Revenue of $433K, expenses of $279K, and assets of $4.8M (revenue +70.9% year-over-year).
- 2012: Revenue of $253K, expenses of $258K, and assets of $4.6M (revenue +11.3% year-over-year).
- 2011: Revenue of $228K, expenses of $249K, and assets of $4.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Edward L And Mary B Williams Foundation:
Data Sources and Methodology
This transparency report for Edward L And Mary B Williams 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.