Fred & Harriett Taylor Foundation
Fred & Harriett Taylor Foundation consistently operates at a deficit, drawing down assets despite zero officer compensation.
EIN: 166205365 · Chicago, IL · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $559K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $8.1 |
| Net Assets | $8.2M |
| Transparency Score | 75/100 |
Is Fred & Harriett Taylor Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fred & Harriett Taylor Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Fred & Harriett Taylor Foundation
Fred & Harriett Taylor Foundation (EIN: 166205365) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $2.8M and total assets of $8.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fred & Harriett Taylor Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fred & Harriett Taylor Foundation is a mid-size nonprofit that has been operating for 50 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $416K |
| Total Expenses | $559K |
| Surplus / Deficit | $-143,258 |
| Total Assets | $8.2M |
| Total Liabilities | $1 |
| Net Assets | $8.2M |
| Operating Margin | -34.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 175.5 months |
Financial Health Grade: B
In 2023, Fred & Harriett Taylor Foundation reported a deficit of $143K with expenses exceeding revenue, holds 175.5 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), Fred & Harriett Taylor Foundation's revenue has declined at a compound annual growth rate (CAGR) of -3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +90.6% | -9.2% | -1.7% |
| 2022 | -70.2% | +13.6% | -4.6% |
| 2021 | +83.6% | +2.4% | +2.3% |
| 2020 | -10.3% | -1.9% | -1.5% |
| 2019 | +55.2% | -2.5% | +2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1976 |
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 Fred & Harriett Taylor Foundation 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: 25%
- programs: 70%
- fundraising: 5%
According to IRS 990 filings, Fred & Harriett Taylor Foundation allocates its expenses as follows: admin: 25%, programs: 70%, fundraising: 5%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $143K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the foundation, which is highly commendable for a foundation of its asset size ($8.1 million in 2023).
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 Fred & Harriett Taylor Foundation's IRS 990 filings:
- Consistent operating deficits, with expenses exceeding revenue in multiple recent years (e.g., 2023, 2022, 2020).
- Declining asset base over the past few years, from $8.7 million in 2021 to $8.1 million in 2023, indicating asset depletion.
Strengths
The following positive indicators were identified for Fred & Harriett Taylor Foundation:
- Zero officer compensation reported across all filings, demonstrating excellent resource allocation away from executive salaries.
- Very low liabilities, consistently reported as $0 or $1, indicating strong financial management of debt.
- Maintains a substantial asset base ($8.1 million in 2023) relative to its annual expenses, providing a buffer despite operating deficits.
Frequently Asked Questions about Fred & Harriett Taylor Foundation
Is Fred & Harriett Taylor Foundation a legitimate charity?
Fred & Harriett Taylor Foundation (EIN: 166205365) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.8M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Fred & Harriett Taylor Foundation spend its money?
Fred & Harriett Taylor Foundation directs 70% of its spending to programs and services. Fundraising costs 5%. This meets the 65% industry benchmark.
Are donations to Fred & Harriett Taylor Foundation tax-deductible?
Fred & Harriett Taylor Foundation is registered as a tax-exempt nonprofit (EIN: 166205365). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Fred & Harriett Taylor Foundation CEO make?
Fred & Harriett Taylor Foundation's highest-compensated officer earns $8.1 annually. The organization reported $2.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Fred & Harriett Taylor Foundation's spending goes to programs?
Fred & Harriett Taylor Foundation directs 70% to programs, 5% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Fred & Harriett Taylor Foundation located?
Fred & Harriett Taylor Foundation is headquartered in Chicago, Illinois and files with the IRS under EIN 166205365.
How many years of IRS 990 filings does Fred & Harriett Taylor Foundation have?
Fred & Harriett Taylor 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 $2.8M in total revenue.
Is the Fred & Harriett Taylor Foundation financially sustainable in the long term?
The foundation has consistently spent more than its revenue in recent years (e.g., $558,985 expenses vs. $415,727 revenue in 2023), leading to a decline in its asset base from $8,715,504 in 2021 to $8,175,047 in 2023. This trend suggests potential long-term sustainability challenges if not addressed.
How does the foundation manage its liabilities?
The foundation consistently reports minimal liabilities, either $0 or $1, across all available filings, indicating very strong financial management regarding debt and obligations.
What is the primary source of the foundation's revenue?
While not explicitly stated in the provided data, the consistent asset base and fluctuating revenue, coupled with the nature of a private foundation, strongly suggest that investment income is the primary source of revenue, rather than public donations.
What is the foundation's approach to executive compensation?
The foundation reports 0% officer compensation in all available filings, indicating a commitment to directing resources away from executive salaries and towards its mission or operational costs.
Filing History
IRS 990 filing history for Fred & Harriett Taylor Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Fred & Harriett Taylor Foundation's revenue has declined by 34.7%, moving from $636K to $416K. Total assets decreased by 0.4% over the same period, from $8.2M to $8.2M. Total functional expenses rose by 58.2%, from $353K to $559K. In its most recent filing year (2023), Fred & Harriett Taylor Foundation reported a deficit of $143K, with expenses exceeding revenue. The organization holds $1 in liabilities against $8.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $416K | $559K | $8.2M | $1 | — | View 990 |
| 2022 | $218K | $615K | $8.3M | $1 | — | View 990 |
| 2021 | $733K | $542K | $8.7M | $1 | — | — |
| 2020 | $399K | $529K | $8.5M | $1 | — | View 990 |
| 2019 | $445K | $540K | $8.7M | $1 | — | View 990 |
| 2015 | $287K | $554K | $8.5M | $0 | — | View 990 |
| 2014 | $562K | $470K | $8.7M | $0 | — | View 990 |
| 2013 | $648K | $331K | $8.6M | $0 | — | View 990 |
| 2012 | $464K | $339K | $8.3M | $0 | — | View 990 |
| 2011 | $636K | $353K | $8.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $416K, expenses of $559K, and assets of $8.2M (revenue +90.6% year-over-year).
- 2022: Revenue of $218K, expenses of $615K, and assets of $8.3M (revenue -70.2% year-over-year).
- 2021: Revenue of $733K, expenses of $542K, and assets of $8.7M (revenue +83.6% year-over-year).
- 2020: Revenue of $399K, expenses of $529K, and assets of $8.5M (revenue -10.3% year-over-year).
- 2019: Revenue of $445K, expenses of $540K, and assets of $8.7M (revenue +55.2% year-over-year).
- 2015: Revenue of $287K, expenses of $554K, and assets of $8.5M (revenue -49.0% year-over-year).
- 2014: Revenue of $562K, expenses of $470K, and assets of $8.7M (revenue -13.3% year-over-year).
- 2013: Revenue of $648K, expenses of $331K, and assets of $8.6M (revenue +39.7% year-over-year).
- 2012: Revenue of $464K, expenses of $339K, and assets of $8.3M (revenue -27.1% year-over-year).
- 2011: Revenue of $636K, expenses of $353K, and assets of $8.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fred & Harriett Taylor Foundation:
Data Sources and Methodology
This transparency report for Fred & Harriett Taylor 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.