Ira And Mary Lou Alpert Foundation Inc
Ira And Mary Lou Alpert Foundation experiences significant deficit in 2023 with expenses far exceeding revenue.
EIN: 133406434 · Westminster, CO · Updated: 2026-03-28
Is Ira And Mary Lou Alpert Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ira And Mary Lou Alpert Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ira And Mary Lou Alpert Foundation Inc
Ira And Mary Lou Alpert Foundation Inc (EIN: 133406434) is a nonprofit organization based in Westminster, CO. The organization reported total revenue of $87K and total assets of $274K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ira And Mary Lou Alpert Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ira And Mary Lou Alpert Foundation Inc is a micro nonprofit that has been operating for 38 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -17.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1K |
| Total Expenses | $52K |
| Surplus / Deficit | $-50,982 |
| Total Assets | $271K |
| Total Liabilities | $1 |
| Net Assets | $271K |
| Operating Margin | -3533.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 62.0 months |
Financial Health Grade: B
In 2023, Ira And Mary Lou Alpert Foundation Inc reported a deficit of $51K with expenses exceeding revenue, holds 62.0 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), Ira And Mary Lou Alpert Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -17.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -94.9% | +56.2% | -15.8% |
| 2022 | -86.1% | -0.5% | -1.6% |
| 2021 | +2043.6% | +95.9% | +109.8% |
| 2020 | -10.0% | +73.8% | -4.7% |
| 2019 | -19.6% | +192.4% | +7.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Ira And Mary Lou Alpert Foundation Inc with a Mission Score of 70 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: 85%
- fundraising: 0%
According to IRS 990 filings, Ira And Mary Lou Alpert Foundation Inc allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 $51K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers. This suggests a volunteer-led or very lean administrative structure, which is positive for minimizing overhead.
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 Ira And Mary Lou Alpert Foundation Inc's IRS 990 filings:
- Significant deficit in 2023 ($50,982) where expenses ($52,425) far exceeded revenue ($1,443).
- Highly volatile revenue streams, making long-term financial planning challenging.
- Assets decreased by over $50,000 from 2022 to 2023, indicating reliance on capital to cover operational shortfalls.
Strengths
The following positive indicators were identified for Ira And Mary Lou Alpert Foundation Inc:
- Consistently reports 0% officer compensation, indicating very low executive overhead.
- Maintains a healthy balance sheet with minimal liabilities ($1 or $0 reported).
- Consistent IRS 990 filing history demonstrates transparency and compliance.
Frequently Asked Questions about Ira And Mary Lou Alpert Foundation Inc
Is Ira And Mary Lou Alpert Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ira And Mary Lou Alpert Foundation Inc (EIN: 133406434) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Ira And Mary Lou Alpert Foundation Inc spend its money?
Ira And Mary Lou Alpert Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ira And Mary Lou Alpert Foundation Inc tax-deductible?
Ira And Mary Lou Alpert Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133406434). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Ira And Mary Lou Alpert Foundation Inc financially sustainable given the recent revenue decline?
The foundation's revenue dropped from $204,909 in 2021 to $1,443 in 2023, while expenses were $52,425 in 2023. This significant deficit ($50,982) suggests that current spending is not sustainable without drawing heavily from its assets ($271,027 in 2023) or experiencing a substantial increase in future revenue.
What is the primary purpose of the foundation's expenses if officer compensation is 0%?
With 0% officer compensation, the expenses ($52,425 in 2023) are likely primarily allocated to program services (e.g., grants, charitable distributions) and other administrative costs such as legal, accounting, or investment fees. A detailed breakdown from the full 990 would clarify this.
How does the foundation manage to operate with such fluctuating revenue?
The foundation appears to rely on its asset base, which was $274,159 in the latest period, to cover expenses during periods of low revenue. For example, in 2023, the $50,982 deficit was likely covered by drawing down assets, which decreased from $322,009 in 2022 to $271,027 in 2023.
Filing History
IRS 990 filing history for Ira And Mary Lou Alpert Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ira And Mary Lou Alpert Foundation Inc's revenue has declined by 90.2%, moving from $15K to $1K. Total assets increased by 96.6% over the same period, from $138K to $271K. Total functional expenses rose by 681.8%, from $7K to $52K. In its most recent filing year (2023), Ira And Mary Lou Alpert Foundation Inc reported a deficit of $51K, with expenses exceeding revenue. The organization holds $1 in liabilities against $271K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $271K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1K | $52K | $271K | $1 | — | View 990 |
| 2022 | $28K | $34K | $322K | $1 | — | View 990 |
| 2021 | $205K | $34K | $327K | $1 | — | View 990 |
| 2020 | $10K | $17K | $156K | $1 | — | — |
| 2019 | $11K | $10K | $164K | $1 | — | View 990 |
| 2015 | $13K | $3K | $152K | $0 | — | View 990 |
| 2014 | $14K | $9K | $142K | $0 | — | View 990 |
| 2013 | $8K | $8K | $137K | $0 | — | View 990 |
| 2012 | $5K | $7K | $136K | $0 | — | View 990 |
| 2011 | $15K | $7K | $138K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1K, expenses of $52K, and assets of $271K (revenue -94.9% year-over-year).
- 2022: Revenue of $28K, expenses of $34K, and assets of $322K (revenue -86.1% year-over-year).
- 2021: Revenue of $205K, expenses of $34K, and assets of $327K (revenue +2043.6% year-over-year).
- 2020: Revenue of $10K, expenses of $17K, and assets of $156K (revenue -10.0% year-over-year).
- 2019: Revenue of $11K, expenses of $10K, and assets of $164K (revenue -19.6% year-over-year).
- 2015: Revenue of $13K, expenses of $3K, and assets of $152K (revenue -7.8% year-over-year).
- 2014: Revenue of $14K, expenses of $9K, and assets of $142K (revenue +84.5% year-over-year).
- 2013: Revenue of $8K, expenses of $8K, and assets of $137K (revenue +48.2% year-over-year).
- 2012: Revenue of $5K, expenses of $7K, and assets of $136K (revenue -64.4% year-over-year).
- 2011: Revenue of $15K, expenses of $7K, and assets of $138K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ira And Mary Lou Alpert Foundation Inc:
Data Sources and Methodology
This transparency report for Ira And Mary Lou Alpert 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.