Forgotten Foundation
Forgotten Foundation reports $0 revenue and assets, indicating potential inactivity after years of modest operations and declining financial reserves.
EIN: 134257477 · Corrales, NM · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $43K |
| Program Spending | 80% |
| Net Assets | $5K |
| Transparency Score | 65/100 |
Is Forgotten Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Forgotten Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Forgotten Foundation
Forgotten Foundation (EIN: 134257477) is a nonprofit organization based in Corrales, NM, classified under NTEE code P20. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forgotten Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Forgotten Foundation is a micro nonprofit that has been operating for 21 years, with 6 years of IRS 990 filings on record (2013–2018). Revenue has grown at a compound annual rate of -7.5%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $42K |
| Total Expenses | $43K |
| Surplus / Deficit | $-526 |
| Total Assets | $5K |
| Net Assets | $5K |
| Operating Margin | -1.2% |
| Months of Reserves | 1.4 months |
Financial Health Grade: C
In 2018, Forgotten Foundation reported a deficit of $526 with expenses exceeding revenue, holds 1.4 months of operating reserves (limited).
Financial Trends
Over 6 years of filings (2013–2018), Forgotten Foundation's revenue has declined at a compound annual growth rate (CAGR) of -7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | +4.1% | +1.1% | -9.9% |
| 2017 | +19.0% | +28.8% | -24.4% |
| 2016 | -18.3% | -27.4% | +21.8% |
| 2015 | +5.8% | -1.5% | -37.6% |
| 2014 | -36.8% | -12.0% | -40.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Forgotten 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Forgotten Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $526, with expenses exceeding revenue.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, suggesting a volunteer-led organization or compensation below reporting thresholds, which is highly efficient for an organization of its historical 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 Forgotten Foundation's IRS 990 filings:
- Latest reported revenue and assets are $0, indicating potential inactivity or severe financial distress.
- Expenses frequently exceeded revenues in multiple historical periods (e.g., 2018, 2017, 2015, 2014), leading to asset depletion.
- Declining asset base from $15,668 in 2013 to $4,795 in 2018, prior to the current $0.
Strengths
The following positive indicators were identified for Forgotten Foundation:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership costs.
- No reported liabilities across all available filings, suggesting a debt-free operation.
- History of filing IRS 990s, demonstrating a commitment to transparency.
Frequently Asked Questions about Forgotten Foundation
Is Forgotten Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Forgotten Foundation (EIN: 134257477) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Forgotten Foundation spend its money?
Forgotten Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Forgotten Foundation tax-deductible?
Forgotten Foundation is registered as a tax-exempt nonprofit (EIN: 134257477). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Forgotten Foundation's spending goes to programs?
Forgotten Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Forgotten Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Forgotten Foundation is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Forgotten Foundation located?
Forgotten Foundation is headquartered in Corrales, New Mexico and files with the IRS under EIN 134257477. It is classified under NTEE code P20.
How many years of IRS 990 filings does Forgotten Foundation have?
Forgotten Foundation has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Forgotten Foundation still active?
The latest reported revenue and assets of $0 strongly suggest that Forgotten Foundation may no longer be active or is operating on an extremely limited basis, raising questions about its current operational status.
How has Forgotten Foundation's financial health changed over time?
Forgotten Foundation's financial health has seen a decline, with assets decreasing from $15,668 in 2013 to $4,795 in 2018, and expenses frequently exceeding revenues in recent years, culminating in $0 revenue and assets reported most recently.
What is the trend in Forgotten Foundation's revenue?
Forgotten Foundation's revenue has fluctuated historically, ranging from $33,963 to $62,214, but the latest report of $0 revenue indicates a significant cessation of income.
Filing History
IRS 990 filing history for Forgotten Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2013–2018), Forgotten Foundation's revenue has declined by 32.3%, moving from $62K to $42K. Total assets decreased by 69.4% over the same period, from $16K to $5K. Total functional expenses fell by 18%, from $52K to $43K. In its most recent filing year (2018), Forgotten Foundation reported a deficit of $526, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $42K | $43K | $5K | $0 | — | View 990 |
| 2017 | $40K | $42K | $5K | $0 | — | View 990 |
| 2016 | $34K | $33K | $7K | $0 | — | View 990 |
| 2015 | $42K | $45K | $6K | $0 | — | View 990 |
| 2014 | $39K | $46K | $9K | $0 | — | View 990 |
| 2013 | $62K | $52K | $16K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $42K, expenses of $43K, and assets of $5K (revenue +4.1% year-over-year).
- 2017: Revenue of $40K, expenses of $42K, and assets of $5K (revenue +19.0% year-over-year).
- 2016: Revenue of $34K, expenses of $33K, and assets of $7K (revenue -18.3% year-over-year).
- 2015: Revenue of $42K, expenses of $45K, and assets of $6K (revenue +5.8% year-over-year).
- 2014: Revenue of $39K, expenses of $46K, and assets of $9K (revenue -36.8% year-over-year).
- 2013: Revenue of $62K, expenses of $52K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Forgotten Foundation:
Data Sources and Methodology
This transparency report for Forgotten 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.