Harriet & Fred M Cartoun Foundation Inc
Harriet & Fred M Cartoun Foundation consistently distributes funds with no reported executive compensation.
EIN: 136161735 · Newtown, CT · Updated: 2026-03-28
Is Harriet & Fred M Cartoun Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harriet & Fred M Cartoun Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harriet & Fred M Cartoun Foundation Inc
Harriet & Fred M Cartoun Foundation Inc (EIN: 136161735) is a nonprofit organization based in Newtown, CT. The organization reported total revenue of $102K and total assets of $646K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harriet & Fred M Cartoun Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harriet & Fred M Cartoun Foundation Inc is a small nonprofit that has been operating for 76 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $45K |
| Total Expenses | $41K |
| Surplus / Deficit | +$4K |
| Total Assets | $661K |
| Total Liabilities | $1 |
| Net Assets | $661K |
| Operating Margin | 9.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 193.5 months |
Financial Health Grade: A
In 2023, Harriet & Fred M Cartoun Foundation Inc reported a surplus of $4K with revenue exceeding expenses, holds 193.5 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), Harriet & Fred M Cartoun Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.7% | -9.0% | +0.5% |
| 2022 | +168.0% | +16.9% | +0.8% |
| 2021 | -51.1% | -3.4% | -3.0% |
| 2020 | +8.0% | -4.0% | -0.2% |
| 2019 | +114.2% | +3.5% | -8.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1920 |
| IRS Ruling Date | 1950 |
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 Harriet & Fred M Cartoun Foundation Inc with a Mission Score of 90 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: 95%
- fundraising: 0%
According to IRS 990 filings, Harriet & Fred M Cartoun Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the foundation operates without paid officers or that any administrative functions are performed on a volunteer basis or through minimal contracted services not classified as officer compensation. This is a positive indicator for 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.
Strengths
The following positive indicators were identified for Harriet & Fred M Cartoun Foundation Inc:
- Consistent financial reporting and transparency through IRS 990 filings.
- No reported officer compensation, indicating high operational efficiency.
- Stable asset base, consistently above $600,000, providing long-term stability.
- Expenses generally align with or slightly below revenue, suggesting active distribution of funds.
Frequently Asked Questions about Harriet & Fred M Cartoun Foundation Inc
Is Harriet & Fred M Cartoun Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harriet & Fred M Cartoun Foundation Inc (EIN: 136161735) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Harriet & Fred M Cartoun Foundation Inc spend its money?
Harriet & Fred M Cartoun Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Harriet & Fred M Cartoun Foundation Inc tax-deductible?
Harriet & Fred M Cartoun Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136161735). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Harriet & Fred M Cartoun Foundation Inc a good charity?
As a private foundation, it primarily makes grants. Its consistent financial reporting, stable asset base, and lack of executive compensation suggest it is well-managed and efficient in its operations, making it a reliable entity for its intended purpose of grant-making.
What is the primary purpose of this organization?
Based on the financial data, the Harriet & Fred M Cartoun Foundation Inc appears to be a grant-making private foundation, distributing funds to other organizations or causes rather than operating direct programs itself.
How does the organization's spending efficiency compare to similar nonprofits?
With 0% officer compensation and likely minimal administrative overhead (given the nature of a private foundation), its spending efficiency is exceptionally high, directing nearly all its expenses towards its mission (grant distributions).
Filing History
IRS 990 filing history for Harriet & Fred M Cartoun Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Harriet & Fred M Cartoun Foundation Inc's revenue has grown by 57%, moving from $29K to $45K. Total assets decreased by 10.8% over the same period, from $741K to $661K. Total functional expenses rose by 23.8%, from $33K to $41K. In its most recent filing year (2023), Harriet & Fred M Cartoun Foundation Inc reported a surplus of $4K, with revenue exceeding expenses. The organization holds $1 in liabilities against $661K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $661K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $45K | $41K | $661K | $1 | — | — |
| 2022 | $51K | $45K | $657K | $186 | — | View 990 |
| 2021 | $19K | $39K | $652K | $1 | — | — |
| 2020 | $39K | $40K | $672K | $1 | — | — |
| 2019 | $36K | $41K | $674K | $1 | — | View 990 |
| 2015 | $17K | $40K | $736K | $0 | — | View 990 |
| 2014 | $56K | $46K | $760K | $451 | — | View 990 |
| 2013 | $33K | $33K | $749K | $0 | — | View 990 |
| 2012 | $46K | $37K | $750K | $227 | — | View 990 |
| 2011 | $29K | $33K | $741K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $45K, expenses of $41K, and assets of $661K (revenue -10.7% year-over-year).
- 2022: Revenue of $51K, expenses of $45K, and assets of $657K (revenue +168.0% year-over-year).
- 2021: Revenue of $19K, expenses of $39K, and assets of $652K (revenue -51.1% year-over-year).
- 2020: Revenue of $39K, expenses of $40K, and assets of $672K (revenue +8.0% year-over-year).
- 2019: Revenue of $36K, expenses of $41K, and assets of $674K (revenue +114.2% year-over-year).
- 2015: Revenue of $17K, expenses of $40K, and assets of $736K (revenue -70.2% year-over-year).
- 2014: Revenue of $56K, expenses of $46K, and assets of $760K (revenue +71.4% year-over-year).
- 2013: Revenue of $33K, expenses of $33K, and assets of $749K (revenue -28.3% year-over-year).
- 2012: Revenue of $46K, expenses of $37K, and assets of $750K (revenue +58.4% year-over-year).
- 2011: Revenue of $29K, expenses of $33K, and assets of $741K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harriet & Fred M Cartoun Foundation Inc:
Data Sources and Methodology
This transparency report for Harriet & Fred M Cartoun 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.