Frank P Pierce Foundation Inc
Frank P Pierce Foundation Inc maintains strong asset growth and zero officer compensation.
EIN: 200597131 · Chattanooga, TN · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.2M |
| Total Expenses | $1.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $20.2M |
| Transparency Score | 95/100 |
Is Frank P Pierce Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Frank P Pierce Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Frank P Pierce Foundation Inc
Frank P Pierce Foundation Inc (EIN: 200597131) is a nonprofit organization based in Chattanooga, TN, classified under NTEE code T22. The organization reported total revenue of $8.2M and total assets of $21.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Frank P Pierce Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Frank P Pierce Foundation Inc is a mid-size nonprofit that has been operating for 22 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 29.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$45K |
| Total Assets | $20.2M |
| Total Liabilities | $1 |
| Net Assets | $20.2M |
| Operating Margin | 3.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 177.4 months |
Financial Health Grade: A
In 2023, Frank P Pierce Foundation Inc reported a surplus of $45K with revenue exceeding expenses, holds 177.4 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 P Pierce Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 29.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.8% | +20.3% | +0.2% |
| 2022 | -68.4% | -26.8% | +0.7% |
| 2021 | +44.4% | +21.1% | +13.4% |
| 2020 | +184.8% | +5.6% | +9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 P Pierce Foundation Inc with a Mission Score of 95 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Frank P Pierce Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 surplus of $45K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Frank P Pierce Foundation Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers. This is an exceptional practice for a foundation of its size, with assets exceeding $20 million, suggesting a volunteer-led or extremely lean operational structure.
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.
Strengths
The following positive indicators were identified for Frank P Pierce Foundation Inc:
- Consistent asset growth, reaching over $20 million.
- Zero officer compensation reported across all filings, indicating high efficiency and dedication.
- Minimal liabilities, consistently reported as $1, demonstrating strong financial stability.
- Regular IRS 990 filings, indicating good transparency and compliance.
- Expenses consistently managed below revenue in most periods, contributing to financial health.
Frequently Asked Questions about Frank P Pierce Foundation Inc
Is Frank P Pierce Foundation Inc a legitimate charity?
Frank P Pierce Foundation Inc (EIN: 200597131) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 95/100. It has 11 years of IRS 990 filings on record. Total revenue: $8.2M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Frank P Pierce Foundation Inc spend its money?
Frank P Pierce Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Frank P Pierce Foundation Inc tax-deductible?
Frank P Pierce Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200597131). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Frank P Pierce Foundation Inc CEO make?
Frank P Pierce Foundation Inc's highest-compensated officer earns $20 annually. The organization reported $8.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Frank P Pierce Foundation Inc's spending goes to programs?
Frank P Pierce Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Frank P Pierce Foundation Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Frank P Pierce Foundation Inc 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 P Pierce Foundation Inc located?
Frank P Pierce Foundation Inc is headquartered in Chattanooga, Tennessee and files with the IRS under EIN 200597131. It is classified under NTEE code T22.
How many years of IRS 990 filings does Frank P Pierce Foundation Inc have?
Frank P Pierce Foundation Inc 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 $8.2M in total revenue.
Is the Frank P Pierce Foundation Inc a good charity?
Based on the provided financial data, the Frank P Pierce Foundation Inc appears to be a very good charity. It demonstrates strong financial health with growing assets, minimal liabilities, and a remarkable commitment to not paying officer compensation, suggesting a high percentage of funds are directed towards its mission.
How has the foundation's asset base changed over time?
The foundation's assets have grown significantly, from $1,000,446 in 2012 to $20,957,304 currently, with a consistent upward trend, indicating effective financial management and investment strategies.
What is the trend in revenue and expenses?
Revenue has fluctuated year-to-year, with a high of $14,684,118 in 2013 and a low of $-65,644 in 2015. However, expenses have remained relatively stable and significantly lower than revenue in most periods, allowing for consistent asset accumulation. For example, in 2023, revenue was $1,411,371 against expenses of $1,366,549.
Filing History
IRS 990 filing history for Frank P Pierce Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Frank P Pierce Foundation Inc's revenue has grown by 2208.8%, moving from $61K to $1.4M. Total assets increased by 1999.2% over the same period, from $962K to $20.2M. Total functional expenses rose by 1195.4%, from $105K to $1.4M. In its most recent filing year (2023), Frank P Pierce Foundation Inc reported a surplus of $45K, with revenue exceeding expenses. The organization holds $1 in liabilities against $20.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $20.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.4M | $20.2M | $1 | — | View 990 |
| 2022 | $1.3M | $1.1M | $20.2M | $1 | — | View 990 |
| 2021 | $4.0M | $1.6M | $20.0M | $1 | — | View 990 |
| 2020 | $2.8M | $1.3M | $17.7M | $1 | — | View 990 |
| 2019 | $980K | $1.2M | $16.1M | $1 | — | View 990 |
| 2015 | $-65,644 | $968K | $15.8M | $0 | — | View 990 |
| 2015 | $918K | $931K | $16.9M | $1 | — | View 990 |
| 2014 | $2.7M | $1.5M | $17.0M | $1 | — | View 990 |
| 2013 | $14.7M | $658K | $15.0M | $1 | — | View 990 |
| 2012 | $45K | $101K | $1.0M | $1 | — | View 990 |
| 2011 | $61K | $105K | $962K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.4M, and assets of $20.2M (revenue +10.8% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.1M, and assets of $20.2M (revenue -68.4% year-over-year).
- 2021: Revenue of $4.0M, expenses of $1.6M, and assets of $20.0M (revenue +44.4% year-over-year).
- 2020: Revenue of $2.8M, expenses of $1.3M, and assets of $17.7M (revenue +184.8% year-over-year).
- 2019: Revenue of $980K, expenses of $1.2M, and assets of $16.1M.
- 2015: Revenue of $-65,644, expenses of $968K, and assets of $15.8M (revenue -107.2% year-over-year).
- 2015: Revenue of $918K, expenses of $931K, and assets of $16.9M (revenue -66.3% year-over-year).
- 2014: Revenue of $2.7M, expenses of $1.5M, and assets of $17.0M (revenue -81.4% year-over-year).
- 2013: Revenue of $14.7M, expenses of $658K, and assets of $15.0M (revenue +32830.7% year-over-year).
- 2012: Revenue of $45K, expenses of $101K, and assets of $1.0M (revenue -27.1% year-over-year).
- 2011: Revenue of $61K, expenses of $105K, and assets of $962K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Frank P Pierce Foundation Inc:
Data Sources and Methodology
This transparency report for Frank P Pierce 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.