Fournier Family Foundation Inc
Fournier Family Foundation maintains substantial assets despite fluctuating revenues and expenses often exceeding income.
EIN: 202015176 · Summit, NJ · NTEE: T31 · Updated: 2026-03-28
Is Fournier Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fournier Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fournier Family Foundation Inc
Fournier Family Foundation Inc (EIN: 202015176) is a nonprofit organization based in Summit, NJ, classified under NTEE code T31. The organization reported total revenue of $1.5M and total assets of $14.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fournier Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fournier Family Foundation Inc with a Mission Score of 80 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, Fournier Family 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.
Executive Compensation Analysis
The Fournier Family Foundation Inc. consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not categorized as officer compensation, which is highly unusual for an organization of its size and asset base.
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 Fournier Family Foundation Inc's IRS 990 filings:
- Expenses frequently exceed revenue, potentially indicating reliance on asset drawdowns without consistent revenue growth to match spending.
- Consistent 0% officer compensation for an organization with significant assets and activity could indicate compensation is reported in other categories or that leadership is entirely volunteer, which warrants further investigation for transparency.
Strengths
The following positive indicators were identified for Fournier Family Foundation Inc:
- Substantial and growing asset base, reaching $18,395,332 in 202312, providing strong financial backing.
- Extremely low liabilities ($1 across all periods) indicating a very healthy balance sheet and minimal debt.
- Consistent IRS 990 filing history over a decade, demonstrating regulatory compliance and basic transparency.
- As a grant-making foundation (NTEE T31), the high expense-to-revenue ratio in some years likely reflects significant program distributions.
Frequently Asked Questions about Fournier Family Foundation Inc
Is Fournier Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fournier Family Foundation Inc (EIN: 202015176) some concerns. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
How does Fournier Family Foundation Inc spend its money?
Fournier Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fournier Family Foundation Inc tax-deductible?
Fournier Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202015176). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Fournier Family Foundation Inc. financially stable?
Yes, the foundation appears financially stable due to its substantial assets, which reached $18,395,332 in 202312, and consistently low liabilities ($1 across all periods). While expenses sometimes exceed revenue, this is often managed by drawing from its endowment, a common practice for foundations.
How does the foundation manage its expenses relative to its income?
The foundation's expenses have frequently exceeded its revenue, for example, $5,109,085 in expenses against $2,612,562 in revenue in 202312. This suggests it is actively distributing funds, likely drawing from its significant asset base to support its grant-making activities.
What is the trend in the foundation's assets?
The foundation's assets have shown significant growth over time, increasing from $4,749,100 in 201112 to $18,395,332 in 202312, indicating successful investment or continued contributions to its endowment.
Does the foundation pay its officers?
Based on the provided IRS 990 data, the Fournier Family Foundation Inc. consistently reports 0% officer compensation across all available filing periods, suggesting that its officers are not compensated directly through the organization's reported officer compensation.
Filing History
IRS 990 filing history for Fournier Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Fournier Family Foundation Inc's revenue has grown by 20.6%, moving from $2.2M to $2.6M. Total assets increased by 287.3% over the same period, from $4.7M to $18.4M. Total functional expenses rose by 143.3%, from $2.1M to $5.1M. In its most recent filing year (2023), Fournier Family Foundation Inc reported a deficit of $2.5M, with expenses exceeding revenue. The organization holds $1 in liabilities against $18.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $18.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $5.1M | $18.4M | $1 | — | — |
| 2022 | $3.7M | $3.8M | $10.0M | $1 | — | View 990 |
| 2021 | $2.1M | $3.0M | $12.8M | $1 | — | View 990 |
| 2020 | $3.3M | $3.2M | $12.4M | $1 | — | View 990 |
| 2019 | $1.3M | $1.7M | $11.9M | $1 | — | View 990 |
| 2015 | $1.7M | $1.8M | $4.9M | $1 | — | View 990 |
| 2014 | $4.5M | $4.1M | $5.0M | $1 | — | View 990 |
| 2013 | $3.1M | $3.7M | $4.6M | $1 | — | View 990 |
| 2012 | $3.5M | $3.1M | $5.2M | $1 | — | View 990 |
| 2011 | $2.2M | $2.1M | $4.7M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $5.1M, and assets of $18.4M (revenue -29.7% year-over-year).
- 2022: Revenue of $3.7M, expenses of $3.8M, and assets of $10.0M (revenue +77.1% year-over-year).
- 2021: Revenue of $2.1M, expenses of $3.0M, and assets of $12.8M (revenue -37.2% year-over-year).
- 2020: Revenue of $3.3M, expenses of $3.2M, and assets of $12.4M (revenue +149.0% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.7M, and assets of $11.9M (revenue -22.5% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.8M, and assets of $4.9M (revenue -61.6% year-over-year).
- 2014: Revenue of $4.5M, expenses of $4.1M, and assets of $5.0M (revenue +47.0% year-over-year).
- 2013: Revenue of $3.1M, expenses of $3.7M, and assets of $4.6M (revenue -13.1% year-over-year).
- 2012: Revenue of $3.5M, expenses of $3.1M, and assets of $5.2M (revenue +62.7% year-over-year).
- 2011: Revenue of $2.2M, expenses of $2.1M, and assets of $4.7M.
Data Sources and Methodology
This transparency report for Fournier Family 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.