Edwin C Remick Foundation

Edwin C Remick Foundation maintains stable assets and reports no officer compensation over a decade.

EIN: 20469603 · Tamworth, NH · Updated: 2026-03-28

$1.1MRevenue

$2.7MAssets

85/100Mission Score (Excellent)

About Edwin C Remick Foundation

Edwin C Remick Foundation (EIN: 20469603) is a nonprofit organization based in Tamworth, NH. The organization reported total revenue of $1.1M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edwin C Remick Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Edwin C Remick Foundation demonstrates consistent financial activity, with revenues and expenses generally in the range of $750,000 to $900,000 over the past decade. The organization's assets have shown steady growth, increasing from $2,587,071 in 2011 to $2,729,908 in 2023, indicating financial stability. A notable aspect is the consistent reporting of 0% officer compensation across all available filings, which suggests a high degree of financial transparency regarding leadership remuneration and potentially a volunteer-driven or very lean administrative structure.

While the foundation consistently operates with expenses often exceeding revenue, as seen in 2023 where expenses were $972,565 against revenues of $808,309, this is not uncommon for foundations that distribute grants from an endowment. The relatively low liabilities, such as $81,423 in 2023, compared to its substantial assets, further underscore its sound financial position. The lack of specific program spending breakdowns in the provided data makes a detailed assessment of spending efficiency challenging, but the absence of officer compensation is a strong positive indicator of efficient use of funds at the top level.

Overall, the Edwin C Remick Foundation appears to be a financially stable organization with a consistent operational history. Its transparency regarding executive compensation is commendable. Further insight into its program spending ratio would provide a more complete picture of its overall spending efficiency and impact.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Edwin C Remick Foundation with a Mission Score of 85 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Edwin C Remick Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The Edwin C Remick Foundation consistently reports 0% officer compensation across all ten available IRS 990 filings, indicating that no salaries or other compensation are paid to its officers, which is highly unusual for an organization of its asset size ($2.7 million).

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 Edwin C Remick Foundation's IRS 990 filings:

Consistent expenses exceeding revenue without clear explanation of funding source for deficit (e.g., endowment draw)
NTEE Code is unknown, limiting understanding of mission area

Strengths

The following positive indicators were identified for Edwin C Remick Foundation:

Consistent reporting of 0% officer compensation, indicating high efficiency in executive overhead
Stable and growing asset base, from $2.58M in 2011 to $2.72M in 2023, demonstrating financial resilience
Low liabilities relative to assets, indicating strong financial health
Long history of consistent IRS 990 filings, suggesting transparency and compliance

Frequently Asked Questions about Edwin C Remick Foundation

What is the primary mission or program focus of the Edwin C Remick Foundation?

The provided data does not specify the NTEE code or detailed program descriptions, making it difficult to ascertain the primary mission or program focus. Further investigation into their public disclosures or website would be necessary.

How does the foundation manage to operate with 0% officer compensation?

Operating with 0% officer compensation suggests that the foundation's leadership may be entirely volunteer-based, or that compensation is covered by an external entity, or reported under a different expense category not specified as 'officer compensation' in the summary data. This is a significant indicator of lean administrative costs at the executive level.

What is the typical grant-making or program distribution amount annually?

Without a detailed breakdown of expenses, it's challenging to determine the exact amount distributed as grants or spent on programs. However, given annual expenses often exceeding $800,000, a substantial portion is likely allocated to its charitable activities.

Filing History

IRS 990 filing history for Edwin C Remick Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Edwin C Remick Foundation's revenue has declined by 3.2%, moving from $835K to $808K. Total assets increased by 5.5% over the same period, from $2.6M to $2.7M. Total functional expenses rose by 8.6%, from $896K to $973K. In its most recent filing year (2023), Edwin C Remick Foundation reported a deficit of $164K, with expenses exceeding revenue. The organization holds $81K in liabilities against $2.7M in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $2.6M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$808K	$973K	$2.7M	$81K	—	—
2022	$904K	$850K	$2.7M	$7K	—	View 990
2021	$759K	$766K	$2.8M	$8K	—	View 990
2020	$779K	$803K	$2.7M	$18K	—	View 990
2019	$829K	$852K	$2.7M	$34K	—	View 990
2015	$803K	$810K	$2.4M	$28K	—	View 990
2014	$820K	$811K	$2.5M	$28K	—	View 990
2013	$785K	$848K	$2.5M	$32K	—	View 990
2012	$793K	$880K	$2.5M	$48K	—	View 990
2011	$835K	$896K	$2.6M	$53K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $808K, expenses of $973K, and assets of $2.7M (revenue -10.5% year-over-year).
2022: Revenue of $904K, expenses of $850K, and assets of $2.7M (revenue +19.1% year-over-year).
2021: Revenue of $759K, expenses of $766K, and assets of $2.8M (revenue -2.6% year-over-year).
2020: Revenue of $779K, expenses of $803K, and assets of $2.7M (revenue -6.0% year-over-year).
2019: Revenue of $829K, expenses of $852K, and assets of $2.7M (revenue +3.3% year-over-year).
2015: Revenue of $803K, expenses of $810K, and assets of $2.4M (revenue -2.2% year-over-year).
2014: Revenue of $820K, expenses of $811K, and assets of $2.5M (revenue +4.6% year-over-year).
2013: Revenue of $785K, expenses of $848K, and assets of $2.5M (revenue -1.1% year-over-year).
2012: Revenue of $793K, expenses of $880K, and assets of $2.5M (revenue -5.1% year-over-year).
2011: Revenue of $835K, expenses of $896K, and assets of $2.6M.

Data Sources and Methodology

This transparency report for Edwin C Remick 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.