Frankel Family Foundation Inc

Frankel Family Foundation shows extreme revenue volatility and asset decline, with zero reported officer compensation.

EIN: 203326897 · West Caldwell, NJ · NTEE: T20 · Updated: 2026-03-28

$3.1MRevenue

$506KAssets

70/100Mission Score (Good)

T20

About Frankel Family Foundation Inc

Frankel Family Foundation Inc (EIN: 203326897) is a nonprofit organization based in West Caldwell, NJ, classified under NTEE code T20. The organization reported total revenue of $3.1M and total assets of $506K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Frankel Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Frankel Family Foundation Inc. exhibits a highly volatile financial history, with significant fluctuations in revenue and expenses over the past decade. Notably, the organization reported negative revenues in several years (e.g., -$7,363,095 in 2021 and -$9,886,011 in 2020), which could indicate substantial investment losses or significant asset revaluations rather than operational deficits. Despite these revenue swings, expenses have remained relatively consistent, ranging from approximately $700,000 to $2,000,000 annually. The foundation's assets have also seen considerable changes, peaking at over $22 million in 2019 before declining to $517,800 in 2023. The consistent reporting of zero officer compensation across all filings suggests a volunteer-led or very lean executive structure, which can be a positive indicator of efficiency, though it warrants further investigation into how the organization is managed.

Given the nature of a private foundation (NTEE Code T20), the primary 'program' activity is typically grantmaking. Without a detailed breakdown of expenses beyond total expenses, it's challenging to precisely assess spending efficiency in terms of program delivery versus administrative or fundraising costs. However, the absence of officer compensation is a strong positive for transparency and efficiency. The dramatic shifts in assets and revenue, particularly the negative revenue figures, suggest a reliance on investment income and potentially significant market exposure, which introduces a higher degree of financial risk and makes consistent financial health harder to ascertain. The organization's liabilities have consistently been very low, often reported as $1, which is a positive sign of financial stability in that regard.

Overall, the foundation appears to be a grant-making entity with a lean operational structure, as evidenced by zero officer compensation. However, the extreme volatility in revenue and assets, particularly the large negative revenue figures, raises questions about the source and stability of its funding and investment strategies. While transparency regarding executive pay is excellent, a deeper dive into the nature of the negative revenues and the allocation of expenses would be necessary for a complete financial health assessment. The current asset base of $517,800 against expenses of $1,106,521 in 2023 indicates that the foundation is spending down its assets or relying heavily on new contributions to cover its grantmaking and operational costs.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Frankel Family Foundation Inc with a Mission Score of 70 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, Frankel 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

Executive compensation is consistently reported as 0% across all filings, indicating a volunteer-led organization or one with no paid officers, 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 Frankel Family Foundation Inc's IRS 990 filings:

Extreme revenue volatility, including large negative revenue figures, indicating potential instability in funding sources or investment performance.
Significant decline in assets from over $22 million in 2019 to $517,800 in 2023, raising concerns about long-term sustainability.
Expenses frequently exceeding reported positive revenue, suggesting reliance on asset drawdowns or other funding not reflected as positive revenue.
Current assets ($517,800 in 2023) are less than annual expenses ($1,106,521 in 2023), indicating a potential liquidity challenge or a strategy of spending down the endowment.

Strengths

The following positive indicators were identified for Frankel Family Foundation Inc:

Consistent reporting of 0% officer compensation, indicating a highly efficient and volunteer-led executive structure.
Very low reported liabilities across all periods, suggesting good financial management regarding debt.
As a private foundation, its primary focus is typically on grantmaking, aligning with a program-centric mission.

Frequently Asked Questions about Frankel Family Foundation Inc

What is the nature of the large negative revenue figures reported in several years?

The negative revenue figures (e.g., -$7,363,095 in 2021, -$9,886,011 in 2020) are highly unusual and typically indicate significant investment losses or substantial asset revaluations rather than operational revenue deficits. Further investigation into the organization's investment activities would be required to understand this.

How does the foundation sustain its operations and grantmaking with such volatile revenue and declining assets?

With assets declining from over $22 million in 2019 to $517,800 in 2023, and expenses often exceeding positive revenue, the foundation appears to be spending down its principal or relying on intermittent large contributions to fund its activities. The 2023 expenses of $1,106,521 significantly exceed its assets of $517,800, suggesting a reliance on new funding or a rapid liquidation of assets.

What specific programs or grants does the Frankel Family Foundation support?

As a private foundation (NTEE T20), its primary 'program' is typically grantmaking. The filings do not provide specific details on the recipients or types of grants, which would require reviewing Schedule I of the Form 990-PF (if applicable) or other public disclosures.

Filing History

IRS 990 filing history for Frankel Family Foundation Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Frankel Family Foundation Inc's revenue has grown by 15.6%, moving from $823K to $951K. Total assets increased by 318.6% over the same period, from $124K to $518K. Total functional expenses rose by 33.5%, from $829K to $1.1M. In its most recent filing year (2023), Frankel Family Foundation Inc reported a deficit of $155K, with expenses exceeding revenue. The organization holds $1 in liabilities against $518K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $518K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$951K	$1.1M	$518K	$1	—	—
2022	$502K	$1.8M	$673K	$1	—	View 990
2021	$-7,363,095	$2.0M	$1.9M	$1	—	View 990
2020	$-9,886,011	$1.6M	$11.4M	$83K	—	View 990
2019	$-5,762,600	$1.2M	$22.8M	$45K	—	View 990
2015	$1.0M	$724K	$951K	$45K	—	View 990
2014	$500K	$843K	$675K	$45K	—	View 990
2013	$1.4M	$742K	$1.0M	$45K	—	View 990
2012	$867K	$668K	$324K	$45K	—	View 990
2011	$823K	$829K	$124K	$45K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $951K, expenses of $1.1M, and assets of $518K (revenue +89.4% year-over-year).
2022: Revenue of $502K, expenses of $1.8M, and assets of $673K.
2021: Revenue of $-7,363,095, expenses of $2.0M, and assets of $1.9M.
2020: Revenue of $-9,886,011, expenses of $1.6M, and assets of $11.4M.
2019: Revenue of $-5,762,600, expenses of $1.2M, and assets of $22.8M (revenue -676.0% year-over-year).
2015: Revenue of $1.0M, expenses of $724K, and assets of $951K (revenue +100.1% year-over-year).
2014: Revenue of $500K, expenses of $843K, and assets of $675K (revenue -65.2% year-over-year).
2013: Revenue of $1.4M, expenses of $742K, and assets of $1.0M (revenue +65.6% year-over-year).
2012: Revenue of $867K, expenses of $668K, and assets of $324K (revenue +5.4% year-over-year).
2011: Revenue of $823K, expenses of $829K, and assets of $124K.

Data Sources and Methodology

This transparency report for Frankel 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.