Frank And Tracy Collins Charitablefoundation
Frank And Tracy Collins Charitablefoundation consistently spends more than its annual revenue, drawing down its asset base.
EIN: 203995371 · Weston, CT · NTEE: T22 · Updated: 2026-03-28
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| Metric | Value |
|---|---|
| Total Revenue | $30K |
| Total Expenses | $66K |
| Program Spending | 90% |
| Net Assets | $565K |
| Transparency Score | 75/100 |
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Frank And Tracy Collins Charitablefoundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Frank And Tracy Collins Charitablefoundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Frank And Tracy Collins Charitablefoundation in one place.
Form 990 Filing Summary
11 filing years are available, with latest revenue of $15K and expenses of $66K.
Revenue and Expenses
Frank And Tracy Collins Charitablefoundation reported $15K in revenue and $66K in expenses, a deficit of $51K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Frank And Tracy Collins Charitablefoundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $59K (90%) |
Across stored filings, Frank And Tracy Collins Charitablefoundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 11 stored filing years |
| Peer context | Compare with Teen Center Of Wilton Inc | Connecticut and Philanthropy context |
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Frank And Tracy Collins Charitablefoundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Frank And Tracy Collins Charitablefoundation
Frank And Tracy Collins Charitablefoundation (EIN: 203995371) is a nonprofit organization based in Weston, CT, classified under NTEE code T22. The organization reported total revenue of $30K and total assets of $486K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Frank And Tracy Collins Charitablefoundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Frank And Tracy Collins Charitablefoundation is a micro nonprofit that has been operating for 18 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 49.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15K |
| Total Expenses | $66K |
| Surplus / Deficit | $-50,570 |
| Total Assets | $565K |
| Total Liabilities | $1 |
| Net Assets | $565K |
| Operating Margin | -327.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 102.6 months |
Financial Health Grade: B
In 2023, Frank And Tracy Collins Charitablefoundation reported a deficit of $51K with expenses exceeding revenue, holds 102.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Frank And Tracy Collins Charitablefoundation's revenue has grown at a compound annual growth rate (CAGR) of 49.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1553.9% | -37.1% | -8.2% |
| 2022 | +1083.5% | -4.5% | -14.5% |
| 2021 | -81.5% | -16.0% | -13.3% |
| 2020 | -61.0% | -20.6% | -13.6% |
| 2019 | +4115.4% | +135.7% | +371.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Frank And Tracy Collins Charitablefoundation with a Mission Score of 75 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Frank And Tracy Collins Charitablefoundation 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 $51K, 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 officer salaries are paid, which is highly efficient for an organization 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 Frank And Tracy Collins Charitablefoundation's IRS 990 filings:
- Consistent decline in assets due to expenses significantly exceeding revenue (e.g., 2023: $15,464 revenue vs. $66,034 expenses)
- Lack of detailed expense breakdown in provided data makes it difficult to fully assess program efficiency beyond total expenses.
Strengths
The following positive indicators were identified for Frank And Tracy Collins Charitablefoundation:
- Zero officer compensation reported across all filings, indicating high efficiency in executive overhead.
- Minimal liabilities ($0 or $1) consistently reported, showing a strong balance sheet.
- Consistent IRS 990 filing history demonstrates good compliance and transparency.
- NTEE code T22 suggests a focus on grantmaking, which is its core program activity.
Frequently Asked Questions about Frank And Tracy Collins Charitablefoundation
Is Frank And Tracy Collins Charitablefoundation a legitimate charity?
Frank And Tracy Collins Charitablefoundation (EIN: 203995371) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 11 years of IRS 990 filings on record. Total revenue: $30K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Frank And Tracy Collins Charitablefoundation spend its money?
Frank And Tracy Collins Charitablefoundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Frank And Tracy Collins Charitablefoundation tax-deductible?
Frank And Tracy Collins Charitablefoundation is registered as a tax-exempt nonprofit (EIN: 203995371). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Frank And Tracy Collins Charitablefoundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Frank And Tracy Collins Charitablefoundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Frank And Tracy Collins Charitablefoundation located?
Frank And Tracy Collins Charitablefoundation is headquartered in Weston, Connecticut and files with the IRS under EIN 203995371. It is classified under NTEE code T22.
How many years of IRS 990 filings does Frank And Tracy Collins Charitablefoundation have?
Frank And Tracy Collins Charitablefoundation has 11 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 $30K in total revenue.
Is Frank And Tracy Collins Charitablefoundation a good charity?
As a private foundation, its 'goodness' is often measured by its grantmaking impact. Financially, it appears well-managed with no officer compensation and minimal liabilities, but its long-term sustainability depends on its asset management and distribution strategy given the consistent spending down of assets.
Why are expenses consistently higher than revenue?
This pattern suggests the foundation is primarily distributing funds from its endowment or accumulated assets rather than relying solely on annual contributions. This is a common operational model for many private foundations.
What is the long-term financial outlook for the foundation?
The foundation's assets have decreased from $959,794 in 2019 to $485,801 currently. If this trend of spending significantly more than annual revenue continues without substantial new contributions or investment gains, its ability to sustain its grantmaking activities will diminish over time.
Filing History
IRS 990 filing history for Frank And Tracy Collins Charitablefoundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Frank And Tracy Collins Charitablefoundation's revenue has grown by 12472.4%, moving from $123 to $15K. Total assets increased by 47.4% over the same period, from $383K to $565K. Total functional expenses rose by 46.7%, from $45K to $66K. In its most recent filing year (2023), Frank And Tracy Collins Charitablefoundation reported a deficit of $51K, with expenses exceeding revenue. The organization holds $1 in liabilities against $565K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $565K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15K | $66K | $565K | $1 | — | — |
| 2022 | $935 | $105K | $615K | $1 | — | — |
| 2021 | $79 | $110K | $719K | $1 | — | — |
| 2020 | $427 | $131K | $829K | $1 | — | View 990 |
| 2019 | $1K | $165K | $960K | $1 | — | View 990 |
| 2015 | $26 | $70K | $203K | $1 | — | View 990 |
| 2014 | $28 | $25K | $273K | $0 | — | — |
| 2013 | $3 | $0 | $298K | $0 | — | View 990 |
| 2013 | $30 | $52K | $298K | $1 | — | View 990 |
| 2012 | $50 | $33K | $350K | $1 | — | View 990 |
| 2011 | $123 | $45K | $383K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15K, expenses of $66K, and assets of $565K (revenue +1553.9% year-over-year).
- 2022: Revenue of $935, expenses of $105K, and assets of $615K (revenue +1083.5% year-over-year).
- 2021: Revenue of $79, expenses of $110K, and assets of $719K (revenue -81.5% year-over-year).
- 2020: Revenue of $427, expenses of $131K, and assets of $829K (revenue -61.0% year-over-year).
- 2019: Revenue of $1K, expenses of $165K, and assets of $960K (revenue +4115.4% year-over-year).
- 2015: Revenue of $26, expenses of $70K, and assets of $203K (revenue -7.1% year-over-year).
- 2014: Revenue of $28, expenses of $25K, and assets of $273K (revenue +833.3% year-over-year).
- 2013: Revenue of $3, expenses of $0, and assets of $298K (revenue -90.0% year-over-year).
- 2013: Revenue of $30, expenses of $52K, and assets of $298K (revenue -40.0% year-over-year).
- 2012: Revenue of $50, expenses of $33K, and assets of $350K (revenue -59.3% year-over-year).
- 2011: Revenue of $123, expenses of $45K, and assets of $383K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Frank And Tracy Collins Charitablefoundation:
Data Sources and Methodology
This transparency report for Frank And Tracy Collins Charitablefoundation 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.