Frog Rock Foundation
Frog Rock Foundation shows volatile revenue and frequent deficits, relying on substantial assets with zero reported officer compensation.
EIN: 134127228 · Chappaqua, NY · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.6M |
| Total Expenses | $1.1M |
| Program Spending | 80% |
| Net Assets | $11.5M |
| Transparency Score | 75/100 |
Is Frog Rock Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Frog Rock Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Frog Rock Foundation
Frog Rock Foundation (EIN: 134127228) is a nonprofit organization based in Chappaqua, NY, classified under NTEE code T21. The organization reported total revenue of $6.6M and total assets of $13.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Frog Rock Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Frog Rock Foundation is a mid-size nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $503K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-592,457 |
| Total Assets | $11.5M |
| Total Liabilities | $1 |
| Net Assets | $11.5M |
| Operating Margin | -117.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 125.4 months |
Financial Health Grade: B
In 2023, Frog Rock Foundation reported a deficit of $592K with expenses exceeding revenue, holds 125.4 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), Frog Rock Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -72.7% | +23.7% | -4.9% |
| 2022 | +36.9% | -6.5% | +8.6% |
| 2020 | -223.6% | +22.6% | -19.9% |
| 2019 | -70.3% | +56.7% | -4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Frog Rock 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Frog Rock Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $592K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Frog Rock Foundation consistently reports 0% officer compensation across all available filings, indicating either a fully volunteer-led executive team or that executive salaries are covered by an external entity, which is a strong positive for transparency and efficiency.
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 Frog Rock Foundation's IRS 990 filings:
- Frequent periods where expenses significantly exceed revenue (e.g., 2023, 2019, 2014), indicating potential operational deficits.
- Highly volatile revenue, including a negative revenue figure in 2020, which raises questions about funding stability and financial management.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided summary makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Frog Rock Foundation:
- Consistently reports 0% officer compensation, indicating high transparency and potentially very low administrative overhead for executive leadership.
- Maintains substantial assets (consistently over $10 million), providing a strong financial cushion.
- Very low liabilities across all reporting periods ($0 or $1), indicating minimal debt and strong balance sheet health.
- Long filing history (10 filings) demonstrates consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Frog Rock Foundation
Is Frog Rock Foundation a legitimate charity?
Frog Rock Foundation (EIN: 134127228) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $6.6M. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Frog Rock Foundation spend its money?
Frog Rock Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Frog Rock Foundation tax-deductible?
Frog Rock Foundation is registered as a tax-exempt nonprofit (EIN: 134127228). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Frog Rock Foundation's spending goes to programs?
Frog Rock Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Frog Rock Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Frog Rock Foundation is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Frog Rock Foundation located?
Frog Rock Foundation is headquartered in Chappaqua, New York and files with the IRS under EIN 134127228. It is classified under NTEE code T21.
How many years of IRS 990 filings does Frog Rock Foundation have?
Frog Rock 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 $6.6M in total revenue.
Is Frog Rock Foundation financially sustainable given its frequent deficits?
The foundation frequently reports expenses exceeding revenue (e.g., $1,095,940 expenses vs. $503,483 revenue in 2023). While it maintains substantial assets (over $10 million), this pattern suggests a reliance on drawing down assets or investment income rather than consistent operational revenue to cover costs.
What caused the negative revenue in 2020?
In 2020, the foundation reported revenue of $-784,589. This could be due to significant investment losses, asset write-downs, or a return of grants, which warrants further investigation into the detailed financial statements for that period.
How does Frog Rock Foundation fund its operations with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based, or their compensation is covered by a related entity, which is highly unusual for an organization with over $6 million in latest revenue and $13 million in assets. This practice significantly reduces administrative overhead.
What is the primary source of Frog Rock Foundation's funding given its volatile revenue?
The revenue figures fluctuate wildly, from a negative value in 2020 to over $4 million in 2014. This volatility suggests that funding may come from large, infrequent grants, significant investment gains/losses, or a small number of major donors, rather than a broad, stable base of recurring contributions.
Filing History
IRS 990 filing history for Frog Rock Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Frog Rock Foundation's revenue has grown by 38.4%, moving from $364K to $503K. Total assets decreased by 14.5% over the same period, from $13.4M to $11.5M. Total functional expenses rose by 39.1%, from $788K to $1.1M. In its most recent filing year (2023), Frog Rock Foundation reported a deficit of $592K, with expenses exceeding revenue. The organization holds $1 in liabilities against $11.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $11.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $503K | $1.1M | $11.5M | $1 | — | — |
| 2022 | $1.8M | $886K | $12.0M | $1 | — | View 990 |
| 2021 | $1.3M | $948K | $11.1M | $1 | — | View 990 |
| 2020 | $-784,589 | $1.9M | $10.7M | $1 | — | View 990 |
| 2019 | $635K | $1.5M | $13.4M | $1 | — | — |
| 2015 | $2.1M | $976K | $14.0M | $0 | — | View 990 |
| 2014 | $4.3M | $5.6M | $12.9M | $0 | — | View 990 |
| 2013 | $1.5M | $918K | $14.1M | $0 | — | View 990 |
| 2012 | $1.0M | $881K | $13.5M | $0 | — | View 990 |
| 2011 | $364K | $788K | $13.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $503K, expenses of $1.1M, and assets of $11.5M (revenue -72.7% year-over-year).
- 2022: Revenue of $1.8M, expenses of $886K, and assets of $12.0M (revenue +36.9% year-over-year).
- 2021: Revenue of $1.3M, expenses of $948K, and assets of $11.1M.
- 2020: Revenue of $-784,589, expenses of $1.9M, and assets of $10.7M (revenue -223.6% year-over-year).
- 2019: Revenue of $635K, expenses of $1.5M, and assets of $13.4M (revenue -70.3% year-over-year).
- 2015: Revenue of $2.1M, expenses of $976K, and assets of $14.0M (revenue -50.7% year-over-year).
- 2014: Revenue of $4.3M, expenses of $5.6M, and assets of $12.9M (revenue +193.5% year-over-year).
- 2013: Revenue of $1.5M, expenses of $918K, and assets of $14.1M (revenue +42.1% year-over-year).
- 2012: Revenue of $1.0M, expenses of $881K, and assets of $13.5M (revenue +185.1% year-over-year).
- 2011: Revenue of $364K, expenses of $788K, and assets of $13.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Frog Rock Foundation:
Data Sources and Methodology
This transparency report for Frog Rock 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.