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

$30KRevenue

$486KAssets

75/100Mission Score (Good)

T22

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.

AI Transparency Report

The Frank And Tracy Collins Charitablefoundation appears to be a private foundation primarily focused on grantmaking, as indicated by its NTEE code T22. Its financial health shows a consistent pattern of expenses significantly exceeding revenue in recent years, leading to a decline in assets. For instance, in 2023, revenue was $15,464 while expenses were $66,034, and in 2022, revenue was $935 against $105,000 in expenses. This suggests the foundation is spending down its principal or relying on prior year investment gains not reflected as current revenue. The foundation consistently reports minimal liabilities ($1 or $0), indicating a strong balance sheet in terms of debt.

Spending efficiency is difficult to fully assess without a detailed breakdown of program service expenses versus administrative and fundraising costs, which are not explicitly provided in the summary data. However, as a private foundation, its primary 'program' is typically grant distribution. The consistent lack of officer compensation (0%) across all reported periods is a positive indicator of efficient use of funds, as it suggests that administrative overhead related to executive salaries is non-existent. The declining asset base, from a high of $959,794 in 2019 to $485,801 currently, reflects its operational model of distributing more than it receives in annual contributions.

Transparency appears to be adequate given the availability of multiple IRS 990 filings. The consistent reporting of zero officer compensation is a clear and positive transparency point. However, without a more granular breakdown of expenses beyond total expenses, it's challenging to fully evaluate the proportion of funds directly going to charitable programs versus other operational costs. The foundation's consistent filing history demonstrates a commitment to regulatory compliance.

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.

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 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.	PDF
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.

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.