Fan Foundation
Fan Foundation: Consistent Spending, Declining Revenue, and Minimal Transparency
EIN: 222990668 · Fort Collins, CO · Updated: 2026-04-04
Is Fan Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fan Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Fan Foundation
Fan Foundation (EIN: 222990668) is a nonprofit organization based in Fort Collins, CO. The organization reported total revenue of $497K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fan Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fan Foundation is a small nonprofit that has been operating for 37 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $96K |
| Total Expenses | $146K |
| Surplus / Deficit | $-50,181 |
| Total Assets | $1.6M |
| Total Liabilities | $1 |
| Net Assets | $1.6M |
| Operating Margin | -52.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 129.8 months |
Financial Health Grade: B
In 2023, Fan Foundation reported a deficit of $50K with expenses exceeding revenue, holds 129.8 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), Fan Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.6% | +9.1% | -3.1% |
| 2022 | -21.2% | +2.5% | -0.6% |
| 2021 | +37.9% | +6.9% | +1.7% |
| 2020 | +16.9% | +1.5% | -0.5% |
| 2019 | -16.8% | -11.3% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Fan 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Fan Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $50K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not reported in available filings, suggesting it is below the IRS reporting threshold of $150,000 for any single individual, or that the organization operates with volunteer leadership.
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 Fan Foundation's IRS 990 filings:
- Revenue has shown a significant decline from $172,102 in 2014 to $95,842 in 2023, a 44% decrease.
- Net assets have remained relatively stagnant despite fluctuating revenues, indicating consistent spending near income levels.
- Lack of detailed program reporting makes it difficult to assess actual impact and effectiveness.
- The organization's website provides very limited information about its activities or financial health.
Strengths
The following positive indicators were identified for Fan Foundation:
- Consistent expense levels over a decade suggest stable operational costs.
- The organization has maintained a positive asset base over many years, indicating financial solvency.
- Low administrative and fundraising percentages (estimated) suggest efficient use of funds for core activities.
Frequently Asked Questions about Fan Foundation
Is Fan Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Fan Foundation (EIN: 222990668) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Fan Foundation spend its money?
Fan Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fan Foundation tax-deductible?
Fan Foundation is registered as a tax-exempt nonprofit (EIN: 222990668). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Fan Foundation do?
Fan Foundation is a nonprofit organization in the Unknown sector, located in Fort Collins, Colorado. It is classified under NTEE code Unknown.
How much revenue does Fan Foundation have?
Fan Foundation reported total revenue of $496,725. Based on 10 IRS 990 filings on record.
What are Fan Foundation's total assets?
Fan Foundation holds total assets of $1,559,486 as reported in IRS 990 filings.
Where is Fan Foundation located?
Fan Foundation is based in Fort Collins, Colorado.
What is Fan Foundation's EIN?
Fan Foundation's Employer Identification Number (EIN) is 222990668. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Fan Foundation?
Fan Foundation is classified under NTEE code Unknown (Unknown).
Is Fan Foundation a registered 501(c)(3)?
Fan Foundation appears in IRS records (EIN: 222990668). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Fan Foundation file IRS Form 990?
Yes, Fan Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Fan Foundation's revenue in 2023?
In the 202312 filing period, Fan Foundation reported total revenue of $95,842, total expenses of $146,023, and net assets of $1,579,237.
Is Fan Foundation's revenue growing or declining?
Fan Foundation's revenue is declining. Revenue went from $123,903 (202212) to $95,842 (202312), a -22.6% change. Based on 10 filings on record.
What is Fan Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Fan Foundation covers tax period 202312. It shows revenue of $95,842, expenses of $146,023, total assets of $1,579,237, and liabilities of $1.
How much does Fan Foundation spend on programs vs administration?
Based on IRS 990 analysis, Fan Foundation allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Fan Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Fan Foundation shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 3 strengths noted.
What are the red flags for Fan Foundation?
The following concerns were identified: Revenue has shown a significant decline from $172,102 in 2014 to $95,842 in 2023, a 44% decrease.. Net assets have remained relatively stagnant despite fluctuating revenues, indicating consistent spending near income levels.. Lack of detailed program reporting makes it difficult to assess actual impact and effectiveness.. The organization's website provides very limited information about its activities or financial health.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Fan Foundation's strengths?
Positive indicators for Fan Foundation include: Consistent expense levels over a decade suggest stable operational costs.. The organization has maintained a positive asset base over many years, indicating financial solvency.. Low administrative and fundraising percentages (estimated) suggest efficient use of funds for core activities.. These findings are derived from AI analysis of the organization's financial filings.
How does Fan Foundation compensate executives?
Executive compensation is not reported in available filings, suggesting it is below the IRS reporting threshold of $150,000 for any single individual, or that the organization operates with volunteer leadership. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent expense levels and declining revenue, what strategies are in place to address the long-term financial sustainability of Fan Foundation?
The filings do not provide insight into specific strategies for revenue generation or cost management in response to the observed decline. This suggests a potential reliance on existing funding sources or a lack of proactive financial planning.
How does Fan Foundation ensure its programs are effective and impactful without detailed program descriptions or outcome reporting?
Without specific program details or impact metrics, it's challenging to ascertain how the foundation measures and ensures the effectiveness of its activities. This lack of transparency hinders external assessment of their mission fulfillment.
Filing History
IRS 990 filing history for Fan Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Fan Foundation's revenue has declined by 29.3%, moving from $136K to $96K. Total assets decreased by 0% over the same period, from $1.6M to $1.6M. Total functional expenses rose by 37.8%, from $106K to $146K. In its most recent filing year (2023), Fan Foundation reported a deficit of $50K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $96K | $146K | $1.6M | $1 | — | View 990 |
| 2022 | $124K | $134K | $1.6M | $1 | — | View 990 |
| 2021 | $157K | $131K | $1.6M | $1 | — | View 990 |
| 2020 | $114K | $122K | $1.6M | $1 | — | — |
| 2019 | $98K | $120K | $1.6M | $1 | — | View 990 |
| 2015 | $117K | $136K | $1.7M | $1 | — | View 990 |
| 2014 | $172K | $130K | $1.7M | $1 | — | View 990 |
| 2013 | $170K | $125K | $1.6M | $1 | — | View 990 |
| 2012 | $128K | $107K | $1.6M | $1 | — | View 990 |
| 2011 | $136K | $106K | $1.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $96K, expenses of $146K, and assets of $1.6M (revenue -22.6% year-over-year).
- 2022: Revenue of $124K, expenses of $134K, and assets of $1.6M (revenue -21.2% year-over-year).
- 2021: Revenue of $157K, expenses of $131K, and assets of $1.6M (revenue +37.9% year-over-year).
- 2020: Revenue of $114K, expenses of $122K, and assets of $1.6M (revenue +16.9% year-over-year).
- 2019: Revenue of $98K, expenses of $120K, and assets of $1.6M (revenue -16.8% year-over-year).
- 2015: Revenue of $117K, expenses of $136K, and assets of $1.7M (revenue -31.8% year-over-year).
- 2014: Revenue of $172K, expenses of $130K, and assets of $1.7M (revenue +1.2% year-over-year).
- 2013: Revenue of $170K, expenses of $125K, and assets of $1.6M (revenue +32.8% year-over-year).
- 2012: Revenue of $128K, expenses of $107K, and assets of $1.6M (revenue -5.5% year-over-year).
- 2011: Revenue of $136K, expenses of $106K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fan Foundation:
Data Sources and Methodology
This transparency report for Fan 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.