Ferguson Library Foundation Inc
Ferguson Library Foundation: Strong Assets, Inconsistent Revenue, and Transparency Gaps
EIN: 222849891 · Stamford, CT · Updated: 2026-04-04
Is Ferguson Library Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ferguson Library Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Ferguson Library Foundation Inc
Ferguson Library Foundation Inc (EIN: 222849891) is a nonprofit organization based in Stamford, CT. The organization reported total revenue of $676K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ferguson Library Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ferguson Library Foundation Inc is a small nonprofit that has been operating for 1 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -20.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $22K |
| Total Expenses | $13K |
| Surplus / Deficit | +$9K |
| Total Assets | $1.1M |
| Total Liabilities | $2K |
| Net Assets | $1.1M |
| Operating Margin | 39.8% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 975.5 months |
Financial Health Grade: A
In 2022, Ferguson Library Foundation Inc reported a surplus of $9K with revenue exceeding expenses, holds 975.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2022), Ferguson Library Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -20.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -83.0% | -83.0% | -12.4% |
| 2020 | -141.9% | -27.6% | -4.3% |
| 2019 | +3.6% | +62.1% | -7.1% |
| 2015 | -0.9% | -37.0% | +23.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2025 |
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 Ferguson Library Foundation Inc with a Mission Score of 70 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: 70%
- fundraising: 15%
According to IRS 990 filings, Ferguson Library Foundation Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no compensation data was provided in the filings.
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 Ferguson Library Foundation Inc's IRS 990 filings:
- Significant revenue volatility, including negative revenue years, raises questions about funding stability and operational planning.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data limits a comprehensive financial assessment.
- The 'nt' (nonprofit type) field is missing, which makes it difficult to benchmark against similar organizations.
Strengths
The following positive indicators were identified for Ferguson Library Foundation Inc:
- Consistent growth in assets over the past decade, from $802,596 in 2013 to $1,232,440 in 2022, demonstrates strong asset management.
- The organization maintains a substantial asset base relative to its revenue, providing a buffer against financial fluctuations.
- Located in Stamford, CT, suggesting potential for local community engagement and support.
Frequently Asked Questions about Ferguson Library Foundation Inc
Is Ferguson Library Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ferguson Library Foundation Inc (EIN: 222849891) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Ferguson Library Foundation Inc spend its money?
Ferguson Library Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ferguson Library Foundation Inc tax-deductible?
Ferguson Library Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222849891). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Ferguson Library Foundation Inc do?
Ferguson Library Foundation Inc is a nonprofit organization in the Unknown sector, located in Stamford, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Ferguson Library Foundation Inc have?
Ferguson Library Foundation Inc reported total revenue of $676,224. Based on 9 IRS 990 filings on record.
What are Ferguson Library Foundation Inc's total assets?
Ferguson Library Foundation Inc holds total assets of $1,232,440 as reported in IRS 990 filings.
Where is Ferguson Library Foundation Inc located?
Ferguson Library Foundation Inc is based in Stamford, Connecticut.
What is Ferguson Library Foundation Inc's EIN?
Ferguson Library Foundation Inc's Employer Identification Number (EIN) is 222849891. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Ferguson Library Foundation Inc?
Ferguson Library Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Ferguson Library Foundation Inc a registered 501(c)(3)?
Ferguson Library Foundation Inc appears in IRS records (EIN: 222849891). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Ferguson Library Foundation Inc file IRS Form 990?
Yes, Ferguson Library Foundation Inc has 9 IRS Form 990 filings on record. The most recent covers tax period 202206.
What was Ferguson Library Foundation Inc's revenue in 2022?
In the 202206 filing period, Ferguson Library Foundation Inc reported total revenue of $22,343, total expenses of $13,452, and net assets of $1,093,584.
Is Ferguson Library Foundation Inc's revenue growing or declining?
Ferguson Library Foundation Inc's revenue is declining. Revenue went from $131,173 (202106) to $22,343 (202206), a -83.0% change. Based on 9 filings on record.
What is Ferguson Library Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Ferguson Library Foundation Inc covers tax period 202206. It shows revenue of $22,343, expenses of $13,452, total assets of $1,093,584, and liabilities of $1,523.
How much does Ferguson Library Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Ferguson Library Foundation Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Ferguson Library Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Ferguson Library Foundation Inc appears trustworthy. Mission Score: 70/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Ferguson Library Foundation Inc?
The following concerns were identified: Significant revenue volatility, including negative revenue years, raises questions about funding stability and operational planning.. Lack of detailed expense breakdown (program, admin, fundraising) in the provided data limits a comprehensive financial assessment.. The 'nt' (nonprofit type) field is missing, which makes it difficult to benchmark against similar organizations.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Ferguson Library Foundation Inc's strengths?
Positive indicators for Ferguson Library Foundation Inc include: Consistent growth in assets over the past decade, from $802,596 in 2013 to $1,232,440 in 2022, demonstrates strong asset management.. The organization maintains a substantial asset base relative to its revenue, providing a buffer against financial fluctuations.. Located in Stamford, CT, suggesting potential for local community engagement and support.. These findings are derived from AI analysis of the organization's financial filings.
How does Ferguson Library Foundation Inc compensate executives?
Executive compensation cannot be assessed as no compensation data was provided in the filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization sustain its operations and asset growth despite periods of negative revenue?
The organization likely relies on its substantial asset base and potentially endowment income to cover expenses during periods of low or negative revenue, as evidenced by the consistent growth in assets even in years with revenue deficits.
What specific strategies are in place to mitigate revenue volatility and ensure more consistent funding streams?
Without more detailed financial statements, it's unclear what specific strategies are employed. However, given the asset growth, it's possible they have a robust investment strategy or rely on a few large, infrequent donations that are not reflected consistently in annual revenue figures.
Filing History
IRS 990 filing history for Ferguson Library Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Ferguson Library Foundation Inc's revenue has declined by 92.1%, moving from $283K to $22K. Total assets increased by 20.8% over the same period, from $906K to $1.1M. Total functional expenses fell by 83.4%, from $81K to $13K. In its most recent filing year (2022), Ferguson Library Foundation Inc reported a surplus of $9K, with revenue exceeding expenses. The organization holds $2K in liabilities against $1.1M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $22K | $13K | $1.1M | $2K | — | View 990 |
| 2021 | $131K | $79K | $1.2M | $165K | — | View 990 |
| 2020 | $-24,602 | $71K | $905K | $15K | — | — |
| 2019 | $59K | $98K | $946K | $313K | — | View 990 |
| 2015 | $57K | $61K | $1.0M | $257K | — | View 990 |
| 2014 | $57K | $96K | $823K | $12K | — | View 990 |
| 2013 | $64K | $100K | $803K | $7K | — | View 990 |
| 2012 | $-9,624 | $100K | $784K | $5K | — | View 990 |
| 2011 | $283K | $81K | $906K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $22K, expenses of $13K, and assets of $1.1M (revenue -83.0% year-over-year).
- 2021: Revenue of $131K, expenses of $79K, and assets of $1.2M.
- 2020: Revenue of $-24,602, expenses of $71K, and assets of $905K (revenue -141.9% year-over-year).
- 2019: Revenue of $59K, expenses of $98K, and assets of $946K (revenue +3.6% year-over-year).
- 2015: Revenue of $57K, expenses of $61K, and assets of $1.0M (revenue -0.9% year-over-year).
- 2014: Revenue of $57K, expenses of $96K, and assets of $823K (revenue -11.2% year-over-year).
- 2013: Revenue of $64K, expenses of $100K, and assets of $803K.
- 2012: Revenue of $-9,624, expenses of $100K, and assets of $784K (revenue -103.4% year-over-year).
- 2011: Revenue of $283K, expenses of $81K, and assets of $906K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ferguson Library Foundation Inc:
Data Sources and Methodology
This transparency report for Ferguson Library Foundation Inc 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.