Ingrid Mahan Foundation

Ingrid Mahan Foundation maintains substantial assets despite volatile revenue, reporting no officer compensation.

EIN: 202033950 · Bernardsville, NJ · NTEE: T20 · Updated: 2026-03-28

$394KRevenue

$2.5MAssets

85/100Mission Score (Excellent)

T20

About Ingrid Mahan Foundation

Ingrid Mahan Foundation (EIN: 202033950) is a nonprofit organization based in Bernardsville, NJ, classified under NTEE code T20. The organization reported total revenue of $394K and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ingrid Mahan Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Ingrid Mahan Foundation demonstrates a generally stable financial position with assets consistently over $2.5 million, reaching a high of nearly $4.8 million in 2015. While revenue has fluctuated significantly, including a negative revenue figure in 2022, the organization has maintained positive net assets. The absence of officer compensation reported across all filings is a notable positive for transparency and efficiency, indicating that leadership is likely unpaid or compensated through other means not disclosed as officer compensation. The foundation's expenses have remained relatively consistent, typically in the range of $200,000 to $450,000 annually, suggesting a predictable operational cost structure. The substantial asset base relative to annual expenses indicates a strong endowment or investment strategy, providing long-term stability for its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Ingrid Mahan Foundation 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: 85%
fundraising: 5%

According to IRS 990 filings, Ingrid Mahan Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The Ingrid Mahan Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through mechanisms not categorized as officer compensation, which is a strong positive for resource allocation.

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 Ingrid Mahan Foundation's IRS 990 filings:

Significant revenue volatility, including a negative revenue figure in 2022.

Strengths

The following positive indicators were identified for Ingrid Mahan Foundation:

Consistent reporting of 0% officer compensation, indicating efficient use of funds.
Substantial and stable asset base (over $2.5 million) providing long-term financial security.
Relatively low liabilities across most filing periods, indicating good financial management.

Frequently Asked Questions about Ingrid Mahan Foundation

What caused the negative revenue of $-672,534 in 2022?

The negative revenue in 2022 could be due to investment losses, significant asset write-downs, or a return of grants, which would warrant further investigation into the specific 990 filing for that period.

How does the foundation manage its significant asset base?

With assets consistently above $2.5 million, and reaching nearly $4.8 million in 2015, the foundation likely employs a robust investment strategy to generate income and sustain its operations, given its fluctuating annual revenues.

What are the primary program activities of the Ingrid Mahan Foundation?

Based on the NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations), the foundation likely engages in grantmaking to other organizations or individuals, but specific program details would require reviewing the full 990 forms.

Filing History

IRS 990 filing history for Ingrid Mahan Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Ingrid Mahan Foundation's revenue has declined by 52.1%, moving from $764K to $366K. Total assets decreased by 16.8% over the same period, from $3.0M to $2.5M. Total functional expenses rose by 133.8%, from $149K to $348K. In its most recent filing year (2023), Ingrid Mahan Foundation reported a surplus of $18K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$366K	$348K	$2.5M	$1	—	View 990
2022	$-672,534	$318K	$2.5M	$50K	—	View 990
2021	$506K	$460K	$3.5M	$1	—	View 990
2020	$688K	$350K	$3.4M	$1	—	View 990
2019	$227K	$346K	$3.1M	$1	—	View 990
2015	$1.4M	$245K	$4.8M	$1	—	View 990
2014	$126K	$213K	$3.7M	$1	—	View 990
2013	$615K	$209K	$3.7M	$0	—	View 990
2012	$569K	$243K	$3.3M	$0	—	View 990
2011	$764K	$149K	$3.0M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $366K, expenses of $348K, and assets of $2.5M.
2022: Revenue of $-672,534, expenses of $318K, and assets of $2.5M (revenue -233.0% year-over-year).
2021: Revenue of $506K, expenses of $460K, and assets of $3.5M (revenue -26.5% year-over-year).
2020: Revenue of $688K, expenses of $350K, and assets of $3.4M (revenue +202.9% year-over-year).
2019: Revenue of $227K, expenses of $346K, and assets of $3.1M (revenue -83.5% year-over-year).
2015: Revenue of $1.4M, expenses of $245K, and assets of $4.8M (revenue +992.8% year-over-year).
2014: Revenue of $126K, expenses of $213K, and assets of $3.7M (revenue -79.4% year-over-year).
2013: Revenue of $615K, expenses of $209K, and assets of $3.7M (revenue +8.0% year-over-year).
2012: Revenue of $569K, expenses of $243K, and assets of $3.3M (revenue -25.5% year-over-year).
2011: Revenue of $764K, expenses of $149K, and assets of $3.0M.

Data Sources and Methodology

This transparency report for Ingrid Mahan 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.