Hyman And Bessie Passman Family Charitable Foundation Inc

Hyman And Bessie Passman Family Charitable Foundation consistently spends more than it earns, drawing down assets for grantmaking.

EIN: 200657086 · Blue Ash, OH · NTEE: T22 · Updated: 2026-03-28

$1.0MRevenue

$2.3MAssets

85/100Mission Score (Excellent)

T22

About Hyman And Bessie Passman Family Charitable Foundation Inc

Hyman And Bessie Passman Family Charitable Foundation Inc (EIN: 200657086) is a nonprofit organization based in Blue Ash, OH, classified under NTEE code T22. The organization reported total revenue of $1.0M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hyman And Bessie Passman Family Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Hyman And Bessie Passman Family Charitable Foundation Inc appears to be a private foundation, as indicated by its consistent revenue and expense patterns, and its NTEE code (T22 - Private Grantmaking Foundations). Its financial health shows a fluctuating but generally stable asset base, with current assets at $2,290,994. However, the foundation has consistently spent more than it has brought in during several recent periods, such as in 2023 where expenses were $319,089 against revenues of $101,981, and in 2022 with $311,689 in expenses versus $142,807 in revenue. This suggests it is drawing down its endowment to fund its grantmaking activities.

Spending efficiency is difficult to fully assess without a detailed breakdown of program service expenses versus administrative and fundraising costs, which are not provided in the summary data. However, as a private foundation, its primary 'program' is grantmaking. The consistent 'Officer Comp=0%' across all filings indicates a volunteer-led or very lean operational structure, which is a positive sign for efficiency in terms of personnel costs. The foundation's transparency is good in terms of filing its IRS Form 990s consistently, as evidenced by the 10 filings provided, allowing for public scrutiny of its financial activities.

Overall, the foundation seems to be fulfilling its charitable purpose by distributing funds, even if it means drawing down its principal in some years. Its long history of filings and zero officer compensation suggest a well-established and cost-conscious operation, though a deeper dive into its grantmaking impact would provide a more complete picture of its effectiveness.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Hyman And Bessie Passman Family Charitable Foundation Inc with a Mission Score of 85 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Hyman And Bessie Passman Family Charitable 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 available filings, indicating that the foundation is likely run by unpaid volunteers or has no paid officers, which is highly efficient for an organization of its size with over $2 million in assets.

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 Hyman And Bessie Passman Family Charitable Foundation Inc's IRS 990 filings:

Consistent deficit spending: In multiple recent periods (e.g., 2023, 2022, 2019, 2014, 2013, 2012, 2011), expenses significantly exceeded revenue, indicating a draw on the foundation's principal assets.
Declining asset trend: While still substantial, assets have decreased from a high of $2,566,554 in 2021 to $2,180,564 in 2023, likely due to the deficit spending.

Strengths

The following positive indicators were identified for Hyman And Bessie Passman Family Charitable Foundation Inc:

Zero officer compensation: The foundation reports 0% officer compensation across all filings, indicating highly efficient and likely volunteer-led governance.
Consistent IRS 990 filings: A long history of 10 filings demonstrates transparency and compliance with reporting requirements.
Substantial asset base: With current assets of $2,290,994, the foundation has a significant endowment to support its charitable activities.
Clear mission as a grantmaking foundation: The NTEE code T22 (Private Grantmaking Foundations) clearly defines its purpose, and its financial activity aligns with distributing funds.

Frequently Asked Questions about Hyman And Bessie Passman Family Charitable Foundation Inc

Is the Hyman And Bessie Passman Family Charitable Foundation Inc financially stable?

While the foundation has a substantial asset base of $2,290,994, it has frequently reported expenses exceeding revenue in recent years (e.g., $319,089 expenses vs. $101,981 revenue in 2023), indicating it is drawing down its principal to fund operations and grants. This is common for private foundations but suggests a reliance on its endowment rather than annual income for sustainability.

How much of its money goes to charitable programs?

As a private grantmaking foundation, its primary 'program' is the distribution of grants. While a detailed breakdown isn't provided, the consistent 0% officer compensation suggests a very low overhead for personnel, implying a high percentage of expenses likely goes towards grants and related administrative costs. We estimate approximately 90% goes to programs, with 10% to administration and 0% to fundraising.

Does the foundation pay its officers?

No, the IRS 990 filings consistently show 'Officer Comp=0%' for all periods, indicating that the foundation's officers are unpaid.

Filing History

IRS 990 filing history for Hyman And Bessie Passman Family Charitable Foundation Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Hyman And Bessie Passman Family Charitable Foundation Inc's revenue has grown by 329.7%, moving from $24K to $102K. Total assets decreased by 9.2% over the same period, from $2.4M to $2.2M. Total functional expenses rose by 73.5%, from $184K to $319K. In its most recent filing year (2023), Hyman And Bessie Passman Family Charitable Foundation Inc reported a deficit of $217K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$102K	$319K	$2.2M	$1	—	View 990
2022	$143K	$312K	$2.4M	$1	—	View 990
2021	$534K	$247K	$2.6M	$1	—	View 990
2020	$442K	$210K	$2.3M	$1	—	—
2019	$112K	$199K	$2.0M	$1	—	View 990
2015	$288K	$210K	$2.1M	$1	—	View 990
2014	$65K	$219K	$2.0M	$1	—	View 990
2013	$81K	$212K	$2.2M	$1	—	View 990
2012	$131K	$193K	$2.3M	$1	—	View 990
2011	$24K	$184K	$2.4M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $102K, expenses of $319K, and assets of $2.2M (revenue -28.6% year-over-year).
2022: Revenue of $143K, expenses of $312K, and assets of $2.4M (revenue -73.3% year-over-year).
2021: Revenue of $534K, expenses of $247K, and assets of $2.6M (revenue +20.9% year-over-year).
2020: Revenue of $442K, expenses of $210K, and assets of $2.3M (revenue +295.8% year-over-year).
2019: Revenue of $112K, expenses of $199K, and assets of $2.0M (revenue -61.2% year-over-year).
2015: Revenue of $288K, expenses of $210K, and assets of $2.1M (revenue +341.8% year-over-year).
2014: Revenue of $65K, expenses of $219K, and assets of $2.0M (revenue -20.0% year-over-year).
2013: Revenue of $81K, expenses of $212K, and assets of $2.2M (revenue -38.0% year-over-year).
2012: Revenue of $131K, expenses of $193K, and assets of $2.3M (revenue +453.5% year-over-year).
2011: Revenue of $24K, expenses of $184K, and assets of $2.4M.

Data Sources and Methodology

This transparency report for Hyman And Bessie Passman Family Charitable 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.