Elizabeth And Frank Chau Fam Foundation
Elizabeth And Frank Chau Fam Foundation consistently spends more than it earns, drawing down assets.
EIN: 208955014 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3K |
| Total Expenses | $3K |
| Program Spending | 80% |
| Net Assets | $54K |
| Transparency Score | 60/100 |
Is Elizabeth And Frank Chau Fam Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Elizabeth And Frank Chau Fam Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Elizabeth And Frank Chau Fam Foundation
Elizabeth And Frank Chau Fam Foundation (EIN: 208955014) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $3K and total assets of $54K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elizabeth And Frank Chau Fam Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elizabeth And Frank Chau Fam Foundation is a micro nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1K |
| Total Expenses | $3K |
| Surplus / Deficit | $-2,216 |
| Total Assets | $54K |
| Total Liabilities | $1 |
| Net Assets | $54K |
| Operating Margin | -175.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 185.8 months |
Financial Health Grade: B
In 2023, Elizabeth And Frank Chau Fam Foundation reported a deficit of $2K with expenses exceeding revenue, holds 185.8 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), Elizabeth And Frank Chau Fam Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.2% | +2.0% | -3.9% |
| 2022 | -61.8% | -33.4% | -3.6% |
| 2021 | -76.5% | -70.5% | -2.8% |
| 2020 | +67.1% | +16.3% | -4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Elizabeth And Frank Chau Fam Foundation 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Elizabeth And Frank Chau Fam Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, indicating that its leadership is unpaid, which is common for small family foundations and suggests a volunteer-driven approach.
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 Elizabeth And Frank Chau Fam Foundation's IRS 990 filings:
- Consistent deficit spending (expenses exceed revenue) across multiple years, leading to asset depletion (e.g., assets decreased from $96,915 in 2011 to $53,889 in 2023).
- Unusual consistent reporting of $1 in liabilities across all filing periods.
Strengths
The following positive indicators were identified for Elizabeth And Frank Chau Fam Foundation:
- Zero officer compensation reported, indicating volunteer leadership and potentially lower administrative overhead.
- Consistent filing of IRS 990 forms, demonstrating basic compliance and transparency.
Frequently Asked Questions about Elizabeth And Frank Chau Fam Foundation
Is Elizabeth And Frank Chau Fam Foundation a legitimate charity?
Elizabeth And Frank Chau Fam Foundation (EIN: 208955014) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 60/100. It has 10 years of IRS 990 filings on record. Total revenue: $3K. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Elizabeth And Frank Chau Fam Foundation spend its money?
Elizabeth And Frank Chau Fam Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Elizabeth And Frank Chau Fam Foundation tax-deductible?
Elizabeth And Frank Chau Fam Foundation is registered as a tax-exempt nonprofit (EIN: 208955014). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Elizabeth And Frank Chau Fam Foundation's spending goes to programs?
Elizabeth And Frank Chau Fam Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Elizabeth And Frank Chau Fam Foundation compare to similar nonprofits?
With a transparency score of 60/100 (Good), Elizabeth And Frank Chau Fam 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 Elizabeth And Frank Chau Fam Foundation located?
Elizabeth And Frank Chau Fam Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 208955014. It is classified under NTEE code T20.
How many years of IRS 990 filings does Elizabeth And Frank Chau Fam Foundation have?
Elizabeth And Frank Chau Fam 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 $3K in total revenue.
What are the specific programs or grants funded by the foundation?
The provided IRS 990 summary data does not detail specific programs or grants. Further investigation into the full 990 forms would be required to understand the foundation's programmatic activities.
Why does the foundation consistently report $1 in liabilities?
The consistent reporting of $1 in liabilities across all periods is unusual for a typical organization and may indicate a simplified accounting practice for a very small entity, or a specific type of nominal liability. It warrants further clarification from the organization.
What is the long-term sustainability plan given the consistent deficit spending?
With expenses consistently exceeding revenue (e.g., $3,481 expenses vs. $1,265 revenue in 2023), the foundation is drawing down its assets. Without a change in revenue generation or spending, this model is not sustainable in the long term for growth, though it may be intended as a spend-down foundation.
Filing History
IRS 990 filing history for Elizabeth And Frank Chau Fam Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Elizabeth And Frank Chau Fam Foundation's revenue has declined by 6.1%, moving from $1K to $1K. Total assets decreased by 44.4% over the same period, from $97K to $54K. Total functional expenses fell by 68.5%, from $11K to $3K. In its most recent filing year (2023), Elizabeth And Frank Chau Fam Foundation reported a deficit of $2K, with expenses exceeding revenue. The organization holds $1 in liabilities against $54K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $54K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1K | $3K | $54K | $1 | — | — |
| 2022 | $1K | $3K | $56K | $1 | — | View 990 |
| 2021 | $3K | $5K | $58K | $1 | — | — |
| 2020 | $15K | $17K | $60K | $1 | — | View 990 |
| 2019 | $9K | $15K | $63K | $1 | — | View 990 |
| 2015 | $-1,276 | $8K | $53K | $1 | — | View 990 |
| 2014 | $7K | $8K | $63K | $1 | — | View 990 |
| 2013 | $4K | $18K | $64K | $1 | — | View 990 |
| 2012 | $-256 | $19K | $78K | $1 | — | View 990 |
| 2011 | $1K | $11K | $97K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1K, expenses of $3K, and assets of $54K (revenue -4.2% year-over-year).
- 2022: Revenue of $1K, expenses of $3K, and assets of $56K (revenue -61.8% year-over-year).
- 2021: Revenue of $3K, expenses of $5K, and assets of $58K (revenue -76.5% year-over-year).
- 2020: Revenue of $15K, expenses of $17K, and assets of $60K (revenue +67.1% year-over-year).
- 2019: Revenue of $9K, expenses of $15K, and assets of $63K.
- 2015: Revenue of $-1,276, expenses of $8K, and assets of $53K (revenue -117.5% year-over-year).
- 2014: Revenue of $7K, expenses of $8K, and assets of $63K (revenue +108.0% year-over-year).
- 2013: Revenue of $4K, expenses of $18K, and assets of $64K.
- 2012: Revenue of $-256, expenses of $19K, and assets of $78K (revenue -119.0% year-over-year).
- 2011: Revenue of $1K, expenses of $11K, and assets of $97K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elizabeth And Frank Chau Fam Foundation:
Data Sources and Methodology
This transparency report for Elizabeth And Frank Chau Fam 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.