Frances A Melrose Foundation
Frances A Melrose Foundation consistently spends down assets while maintaining zero officer compensation.
EIN: 202955518 · Denver, CO · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $512K |
| Total Expenses | $221K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2.8 |
| Net Assets | $2.8M |
| Transparency Score | 80/100 |
Is Frances A Melrose Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Frances A Melrose Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Frances A Melrose Foundation
Frances A Melrose Foundation (EIN: 202955518) is a nonprofit organization based in Denver, CO, classified under NTEE code T20. The organization reported total revenue of $512K and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Frances A Melrose Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Frances A Melrose Foundation is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $63K |
| Total Expenses | $221K |
| Surplus / Deficit | $-157,563 |
| Total Assets | $2.8M |
| Total Liabilities | $1 |
| Net Assets | $2.8M |
| Operating Margin | -250.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 153.3 months |
Financial Health Grade: B
In 2023, Frances A Melrose Foundation reported a deficit of $158K with expenses exceeding revenue, holds 153.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Frances A Melrose Foundation's revenue has grown at a compound annual growth rate (CAGR) of 8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -33.3% | -18.2% | -1.4% |
| 2022 | -75.6% | +4.2% | -5.8% |
| 2021 | +181.6% | +19.6% | +3.2% |
| 2020 | +50.7% | +1.5% | +2.4% |
| 2019 | -62.1% | +20.1% | -14.2% |
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 Frances A Melrose Foundation 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Frances A Melrose Foundation allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 $158K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers. This suggests a volunteer-led or very lean operational structure, which is highly efficient in terms of compensation relative to the organization's asset base of nearly $2.8 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 Frances A Melrose Foundation's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue in most years, e.g., 2023 revenue $62,969 vs. expenses $220,532), leading to asset drawdown.
- Declining asset base over the past decade (from $3,599,828 in 2013 to $2,818,054 in 2023).
Strengths
The following positive indicators were identified for Frances A Melrose Foundation:
- Zero officer compensation reported across all filings, indicating high efficiency in leadership costs.
- Extremely low liabilities (consistently $1 or $0), demonstrating strong financial health in terms of debt.
- Consistent filing history (10 filings), indicating good compliance and transparency.
- Clear focus as a private grantmaking foundation (NTEE T20).
Frequently Asked Questions about Frances A Melrose Foundation
Is Frances A Melrose Foundation a legitimate charity?
Frances A Melrose Foundation (EIN: 202955518) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 80/100. It has 10 years of IRS 990 filings on record. Total revenue: $512K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Frances A Melrose Foundation spend its money?
Frances A Melrose Foundation directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Frances A Melrose Foundation tax-deductible?
Frances A Melrose Foundation is registered as a tax-exempt nonprofit (EIN: 202955518). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Frances A Melrose Foundation CEO make?
Frances A Melrose Foundation's highest-compensated officer earns $2.8 annually. The organization reported $512K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Frances A Melrose Foundation compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Frances A Melrose Foundation 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 Frances A Melrose Foundation located?
Frances A Melrose Foundation is headquartered in Denver, Colorado and files with the IRS under EIN 202955518. It is classified under NTEE code T20.
How many years of IRS 990 filings does Frances A Melrose Foundation have?
Frances A Melrose Foundation 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 $512K in total revenue.
Is the Frances A Melrose Foundation financially stable?
While the foundation's assets have declined from $3,599,828 in 2013 to $2,818,054 in 2023, this is common for private foundations that distribute grants from their endowment. Its liabilities are consistently minimal ($1 or $0), indicating a strong balance sheet. The foundation appears stable in its current operational model of asset distribution.
How much of its money goes to programs?
As a private grantmaking foundation (NTEE T20), its primary 'program' is grantmaking. Without a detailed breakdown of expenses, it's difficult to give an exact percentage, but typically a significant portion of a private foundation's expenses are grants. Given the zero officer compensation, a high percentage of total expenses likely goes towards its charitable purpose and necessary administrative overhead.
Does the foundation pay its executives well?
No, the foundation consistently reports 0% for officer compensation across all available filings, indicating that no salaries are paid to its officers.
Filing History
IRS 990 filing history for Frances A Melrose Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Frances A Melrose Foundation's revenue has grown by 151.9%, moving from $25K to $63K. Total assets increased by 68616.3% over the same period, from $4K to $2.8M. Total functional expenses rose by 378.8%, from $46K to $221K. In its most recent filing year (2023), Frances A Melrose Foundation reported a deficit of $158K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $63K | $221K | $2.8M | $1 | — | View 990 |
| 2022 | $94K | $270K | $2.9M | $1 | — | View 990 |
| 2021 | $388K | $259K | $3.0M | $1 | — | — |
| 2020 | $138K | $216K | $2.9M | $1 | — | View 990 |
| 2019 | $91K | $213K | $2.9M | $1 | — | View 990 |
| 2015 | $241K | $178K | $3.3M | $1 | — | View 990 |
| 2014 | $184K | $160K | $3.6M | $1 | — | View 990 |
| 2013 | $119K | $210K | $3.6M | $1 | — | View 990 |
| 2012 | $3.5M | $254K | $3.4M | $1 | — | View 990 |
| 2011 | $25K | $46K | $4K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $63K, expenses of $221K, and assets of $2.8M (revenue -33.3% year-over-year).
- 2022: Revenue of $94K, expenses of $270K, and assets of $2.9M (revenue -75.6% year-over-year).
- 2021: Revenue of $388K, expenses of $259K, and assets of $3.0M (revenue +181.6% year-over-year).
- 2020: Revenue of $138K, expenses of $216K, and assets of $2.9M (revenue +50.7% year-over-year).
- 2019: Revenue of $91K, expenses of $213K, and assets of $2.9M (revenue -62.1% year-over-year).
- 2015: Revenue of $241K, expenses of $178K, and assets of $3.3M (revenue +31.0% year-over-year).
- 2014: Revenue of $184K, expenses of $160K, and assets of $3.6M (revenue +54.7% year-over-year).
- 2013: Revenue of $119K, expenses of $210K, and assets of $3.6M (revenue -96.6% year-over-year).
- 2012: Revenue of $3.5M, expenses of $254K, and assets of $3.4M (revenue +13772.5% year-over-year).
- 2011: Revenue of $25K, expenses of $46K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Frances A Melrose Foundation:
Data Sources and Methodology
This transparency report for Frances A Melrose 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.