Fanwood Foundation

Fanwood Foundation maintains stable assets and zero officer compensation, consistently distributing grants.

EIN: 136051922 · Newton, NJ · Updated: 2026-03-28

$2.9MRevenue

$11.7MAssets

90/100Mission Score (Excellent)

About Fanwood Foundation

Fanwood Foundation (EIN: 136051922) is a nonprofit organization based in Newton, NJ. The organization reported total revenue of $2.9M and total assets of $11.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fanwood Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Fanwood Foundation demonstrates a consistent financial profile over the past decade, primarily operating as a grant-making organization. Its assets have remained stable, fluctuating around the $11-12 million mark, indicating a well-managed endowment. Revenue streams, while variable year-to-year (e.g., $1,407,728 in 2021 vs. $344,683 in 2022), consistently exceed expenses in most years, contributing to asset stability. The organization's liabilities are consistently reported as minimal ($0-$1), suggesting strong financial health and no significant debt burden.

Spending efficiency appears high, as the organization consistently reports 0% officer compensation, indicating that its operational costs are likely very low and a substantial portion of its expenses are directed towards its programmatic mission (grants). This structure is typical for private foundations. The absence of officer compensation also points to a high degree of transparency regarding executive remuneration, as there is none to report.

Overall, the Fanwood Foundation appears to be a financially sound and efficient grant-making entity. Its stable asset base, minimal liabilities, and lack of executive compensation suggest a focus on its charitable purpose. The fluctuations in annual revenue are common for foundations relying on investment returns, but the consistent expense levels demonstrate predictable operational management.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Fanwood Foundation with a Mission Score of 90 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, Fanwood 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly efficient for an organization with assets over $11 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 Fanwood Foundation's IRS 990 filings:

NTEE Code is unknown, which limits detailed programmatic analysis.

Strengths

The following positive indicators were identified for Fanwood Foundation:

Consistent 0% officer compensation, indicating high efficiency.
Stable asset base of over $11 million, demonstrating strong financial health.
Minimal liabilities ($0-$1 across all filings), showing no significant debt.
Consistent expense levels, suggesting predictable and well-managed operations.
Likely high program spending ratio, typical for a grant-making foundation with no officer compensation.

Frequently Asked Questions about Fanwood Foundation

Is Fanwood Foundation a good charity?

Based on the available IRS 990 data, Fanwood Foundation appears to be a very good charity, particularly for a grant-making foundation. It maintains a stable asset base of over $11 million, consistently reports minimal liabilities, and directs 100% of its reported officer compensation to 0%, suggesting high efficiency in its grant-making operations.

How does Fanwood Foundation manage its expenses?

The foundation consistently manages its expenses, which have hovered around $700,000-$800,000 annually over the past decade, despite fluctuations in revenue. This indicates predictable operational costs and a disciplined approach to spending, with a significant portion likely going towards grants given the 0% officer compensation.

What is the trend in Fanwood Foundation's assets?

Fanwood Foundation's assets have remained remarkably stable, generally ranging between $10.6 million and $12.5 million over the past decade. This stability suggests effective endowment management and a strong financial foundation, despite some year-to-year variations.

Does Fanwood Foundation have high administrative costs?

Given the consistent reporting of 0% officer compensation and the nature of a grant-making foundation, it is highly probable that administrative costs are very low relative to total expenses, with the vast majority of spending directed towards programmatic grants. This indicates high spending efficiency.

Filing History

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

Over 10 years of IRS 990 filings (2011–2023), Fanwood Foundation's revenue has declined by 54%, moving from $961K to $442K. Total assets increased by 10.5% over the same period, from $10.6M to $11.8M. Total functional expenses rose by 9.7%, from $703K to $771K. In its most recent filing year (2023), Fanwood Foundation reported a deficit of $329K, with expenses exceeding revenue. The organization holds $1 in liabilities against $11.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $11.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$442K	$771K	$11.8M	$1	—	—
2022	$345K	$819K	$12.1M	$1	—	—
2021	$1.4M	$750K	$12.6M	$1	—	View 990
2020	$782K	$767K	$11.9M	$1	—	View 990
2019	$853K	$731K	$12.2M	$0	—	View 990
2015	$664K	$723K	$11.9M	$0	—	View 990
2014	$1.6M	$739K	$11.9M	$0	—	View 990
2013	$852K	$670K	$11.1M	$0	—	View 990
2012	$861K	$685K	$10.8M	$0	—	View 990
2011	$961K	$703K	$10.6M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $442K, expenses of $771K, and assets of $11.8M (revenue +28.2% year-over-year).
2022: Revenue of $345K, expenses of $819K, and assets of $12.1M (revenue -75.5% year-over-year).
2021: Revenue of $1.4M, expenses of $750K, and assets of $12.6M (revenue +80.1% year-over-year).
2020: Revenue of $782K, expenses of $767K, and assets of $11.9M (revenue -8.3% year-over-year).
2019: Revenue of $853K, expenses of $731K, and assets of $12.2M (revenue +28.4% year-over-year).
2015: Revenue of $664K, expenses of $723K, and assets of $11.9M (revenue -58.5% year-over-year).
2014: Revenue of $1.6M, expenses of $739K, and assets of $11.9M (revenue +87.8% year-over-year).
2013: Revenue of $852K, expenses of $670K, and assets of $11.1M (revenue -1.0% year-over-year).
2012: Revenue of $861K, expenses of $685K, and assets of $10.8M (revenue -10.4% year-over-year).
2011: Revenue of $961K, expenses of $703K, and assets of $10.6M.

Data Sources and Methodology

This transparency report for Fanwood 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.