Eloise Kimmelman Foundation
Eloise Kimmelman Foundation consistently spends more than it earns, depleting assets by over $8 million in a decade.
EIN: 203270603 · Coral Gables, FL · NTEE: T22 · Updated: 2026-03-28
Is Eloise Kimmelman Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eloise Kimmelman Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Eloise Kimmelman Foundation
Eloise Kimmelman Foundation (EIN: 203270603) is a nonprofit organization based in Coral Gables, FL, classified under NTEE code T22. The organization reported total revenue of $1.3M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eloise Kimmelman Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Eloise Kimmelman Foundation with a Mission Score of 40 out of 100 (Fair). 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, Eloise Kimmelman 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.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of this size and age.
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 Eloise Kimmelman Foundation's IRS 990 filings:
- Consistent and significant operating deficits across all reported years (e.g., $308,164 deficit in 2023).
- Substantial decline in total assets over time, from $12.27 million in 2011 to $3.83 million in 2023.
- Liabilities are a significant portion of assets, sometimes exceeding them (e.g., 2023 liabilities of $3,811,385 against assets of $3,826,923).
- Unusual consistent 0% officer compensation for an organization with over $1 million in annual revenue.
Strengths
The following positive indicators were identified for Eloise Kimmelman Foundation:
- No reported officer compensation, indicating potential volunteer leadership or highly efficient compensation structure.
- Long operating history with 10 filings, suggesting established presence.
Frequently Asked Questions about Eloise Kimmelman Foundation
Is Eloise Kimmelman Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Eloise Kimmelman Foundation (EIN: 203270603) significant concerns. Mission Score: 40/100. 4 red flags identified, 2 strengths noted.
How does Eloise Kimmelman Foundation spend its money?
Eloise Kimmelman Foundation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Eloise Kimmelman Foundation tax-deductible?
Eloise Kimmelman Foundation is registered as a tax-exempt nonprofit (EIN: 203270603). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Eloise Kimmelman Foundation sustain its operations with consistent annual deficits?
The foundation appears to be sustaining operations by drawing down its asset base, as evidenced by the significant decline from over $12 million in 2011 to under $4 million in 2023. This is not a sustainable long-term financial strategy.
What are the specific program activities funded by the foundation?
The provided data does not detail specific program activities. Further investigation into the full IRS 990 forms would be necessary to understand the nature and impact of its programs.
Why is officer compensation consistently reported as 0%?
A consistent 0% officer compensation could indicate that leadership is entirely volunteer-based, or that compensation is structured in a way that it is not reported under this specific line item on the 990. This warrants further inquiry for full transparency.
What is the plan to address the ongoing decline in assets?
The provided data does not include any strategic plans. The foundation would need to either significantly increase revenue or drastically reduce expenses to reverse the trend of asset depletion.
Filing History
IRS 990 filing history for Eloise Kimmelman Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Eloise Kimmelman Foundation's revenue has grown by 338.6%, moving from $323K to $1.4M. Total assets decreased by 68.8% over the same period, from $12.3M to $3.8M. Total functional expenses fell by 2.7%, from $1.8M to $1.7M. In its most recent filing year (2023), Eloise Kimmelman Foundation reported a deficit of $308K, with expenses exceeding revenue. The organization holds $3.8M in liabilities against $3.8M in assets (debt-to-asset ratio: 99.6%), resulting in net assets of $16K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.7M | $3.8M | $3.8M | — | View 990 |
| 2022 | $1.1M | $1.5M | $4.5M | $4.2M | — | View 990 |
| 2021 | $203K | $1.5M | $4.5M | $3.8M | — | View 990 |
| 2020 | $1.3M | $1.4M | $5.9M | $3.9M | — | View 990 |
| 2016 | $449K | $1.8M | $8.9M | $3.9M | — | View 990 |
| 2015 | $696K | $1.4M | $9.8M | $3.4M | — | View 990 |
| 2014 | $1.1M | $1.6M | $9.6M | $2.5M | — | View 990 |
| 2013 | $489K | $1.6M | $11.7M | $4.1M | — | View 990 |
| 2012 | $437K | $1.2M | $11.7M | $3.0M | — | View 990 |
| 2011 | $323K | $1.8M | $12.3M | $2.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.7M, and assets of $3.8M (revenue +33.2% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.5M, and assets of $4.5M (revenue +424.3% year-over-year).
- 2021: Revenue of $203K, expenses of $1.5M, and assets of $4.5M (revenue -84.3% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.4M, and assets of $5.9M (revenue +187.8% year-over-year).
- 2016: Revenue of $449K, expenses of $1.8M, and assets of $8.9M (revenue -35.5% year-over-year).
- 2015: Revenue of $696K, expenses of $1.4M, and assets of $9.8M (revenue -37.0% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.6M, and assets of $9.6M (revenue +125.8% year-over-year).
- 2013: Revenue of $489K, expenses of $1.6M, and assets of $11.7M (revenue +11.9% year-over-year).
- 2012: Revenue of $437K, expenses of $1.2M, and assets of $11.7M (revenue +35.2% year-over-year).
- 2011: Revenue of $323K, expenses of $1.8M, and assets of $12.3M.
Data Sources and Methodology
This transparency report for Eloise Kimmelman 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.