Florence Forgotson Private Foundation Inc
Florence Forgotson Private Foundation maintains stable assets with no officer compensation and minimal liabilities.
EIN: 200857287 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $927K |
| Total Expenses | $246K |
| Program Spending | 90% |
| Net Assets | $3.9M |
| Transparency Score | 85/100 |
Is Florence Forgotson Private Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Florence Forgotson Private Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Florence Forgotson Private Foundation Inc
Florence Forgotson Private Foundation Inc (EIN: 200857287) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $927K and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Florence Forgotson Private Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Florence Forgotson Private Foundation Inc is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $193K |
| Total Expenses | $246K |
| Surplus / Deficit | $-53,663 |
| Total Assets | $3.9M |
| Total Liabilities | $1 |
| Net Assets | $3.9M |
| Operating Margin | -27.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 189.8 months |
Financial Health Grade: B
In 2023, Florence Forgotson Private Foundation Inc reported a deficit of $54K with expenses exceeding revenue, holds 189.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.0% | +16.2% | -1.4% |
| 2022 | -51.1% | -12.4% | -1.2% |
| 2021 | +122.0% | -2.4% | +2.3% |
| 2020 | -17.6% | +9.0% | -3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Florence Forgotson Private Foundation Inc with a Mission Score of 85 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Florence Forgotson Private Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $54K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly efficient for a foundation of its size.
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 Florence Forgotson Private Foundation Inc's IRS 990 filings:
- Significant revenue volatility, including negative revenue years (e.g., -$766,050 in 2015, -$363,594 in 2011), which could indicate reliance on investment performance and potential market risks.
Strengths
The following positive indicators were identified for Florence Forgotson Private Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating highly efficient use of funds regarding executive pay.
- Extremely low liabilities, often reported as $1 in recent years, demonstrating strong financial solvency and minimal debt.
- Stable asset base, consistently around $3.8-$4.0 million in recent years, providing a solid foundation for grant-making activities.
- Clear and consistent filing history with 10 filings available, indicating good transparency and compliance.
Frequently Asked Questions about Florence Forgotson Private Foundation Inc
Is Florence Forgotson Private Foundation Inc a legitimate charity?
Florence Forgotson Private Foundation Inc (EIN: 200857287) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $927K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Florence Forgotson Private Foundation Inc spend its money?
Florence Forgotson Private Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Florence Forgotson Private Foundation Inc tax-deductible?
Florence Forgotson Private Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200857287). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Florence Forgotson Private Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Florence Forgotson Private Foundation Inc 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 Florence Forgotson Private Foundation Inc located?
Florence Forgotson Private Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 200857287. It is classified under NTEE code T20.
How many years of IRS 990 filings does Florence Forgotson Private Foundation Inc have?
Florence Forgotson Private Foundation Inc 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 $927K in total revenue.
What are the specific grant-making activities of the foundation?
The provided data does not detail the specific recipients or types of grants made by the Florence Forgotson Private Foundation Inc. Further investigation into the Schedule I of their 990 filings would be necessary to understand their grant-making focus.
How does the foundation manage its investment portfolio given the fluctuating revenues?
The revenue figures show significant fluctuations, including negative revenues in 2015 and 2011, which often indicates investment losses or significant asset revaluations. Despite this, the asset base has remained relatively stable, suggesting a long-term investment strategy that has preserved capital. A deeper dive into investment income and gains/losses reported on the 990 would clarify this.
What constitutes the 'expenses' if there is no officer compensation?
Given it's a private foundation, the majority of expenses would likely be grants paid out, along with necessary administrative costs such as legal, accounting, and investment management fees. The absence of officer compensation suggests a lean operational structure.
Filing History
IRS 990 filing history for Florence Forgotson Private Foundation Inc showing financial trends over 10 years of public records:
Total assets increased by 70.2% over the same period, from $2.3M to $3.9M. Total functional expenses fell by 16.8%, from $296K to $246K. In its most recent filing year (2023), Florence Forgotson Private Foundation Inc reported a deficit of $54K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $193K | $246K | $3.9M | $1 | — | — |
| 2022 | $162K | $212K | $3.9M | $1 | — | View 990 |
| 2021 | $331K | $242K | $4.0M | $1 | — | View 990 |
| 2020 | $149K | $248K | $3.9M | $1 | — | View 990 |
| 2019 | $181K | $227K | $4.0M | $22K | — | View 990 |
| 2015 | $-766,050 | $313K | $3.0M | $7K | — | View 990 |
| 2014 | $266K | $138K | $4.4M | $319K | — | View 990 |
| 2013 | $1.8M | $249K | $4.0M | $0 | — | View 990 |
| 2012 | $673K | $267K | $2.8M | $458K | — | View 990 |
| 2011 | $-363,594 | $296K | $2.3M | $325K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $193K, expenses of $246K, and assets of $3.9M (revenue +19.0% year-over-year).
- 2022: Revenue of $162K, expenses of $212K, and assets of $3.9M (revenue -51.1% year-over-year).
- 2021: Revenue of $331K, expenses of $242K, and assets of $4.0M (revenue +122.0% year-over-year).
- 2020: Revenue of $149K, expenses of $248K, and assets of $3.9M (revenue -17.6% year-over-year).
- 2019: Revenue of $181K, expenses of $227K, and assets of $4.0M.
- 2015: Revenue of $-766,050, expenses of $313K, and assets of $3.0M (revenue -387.9% year-over-year).
- 2014: Revenue of $266K, expenses of $138K, and assets of $4.4M (revenue -85.5% year-over-year).
- 2013: Revenue of $1.8M, expenses of $249K, and assets of $4.0M (revenue +172.2% year-over-year).
- 2012: Revenue of $673K, expenses of $267K, and assets of $2.8M.
- 2011: Revenue of $-363,594, expenses of $296K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Florence Forgotson Private Foundation Inc:
Data Sources and Methodology
This transparency report for Florence Forgotson Private 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.