Isermann Family Foundation
Isermann Family Foundation: Consistent Spending, Minimal Revenue, and High Assets
EIN: 222615361 · Morristown, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $677K |
| Program Spending | 85% |
| Net Assets | $6.1M |
| Transparency Score | 75/100 |
Is Isermann Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Isermann Family Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Isermann Family Foundation
Isermann Family Foundation (EIN: 222615361) is a nonprofit organization based in Morristown, NJ. The organization reported total revenue of $2.0M and total assets of $6.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Isermann Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Isermann Family Foundation is a mid-size nonprofit that has been operating for 41 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $345K |
| Total Expenses | $677K |
| Surplus / Deficit | $-332,073 |
| Total Assets | $6.1M |
| Total Liabilities | $1 |
| Net Assets | $6.1M |
| Operating Margin | -96.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 108.2 months |
Financial Health Grade: B
In 2023, Isermann Family Foundation reported a deficit of $332K with expenses exceeding revenue, holds 108.2 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), Isermann Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +212.1% | -11.2% | -0.8% |
| 2022 | -88.9% | -0.7% | -9.6% |
| 2021 | +189.8% | +16.0% | +3.4% |
| 2019 | -101.6% | +28.7% | +18.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Isermann Family 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Isermann Family 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $332K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting no paid executive staff or that compensation is covered by other means not reflected in these specific fields.
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 Isermann Family Foundation's IRS 990 filings:
- Revenue has been highly volatile, with a negative revenue of -$10,455 in 2019 and a low of $110,511 in 2022, raising questions about funding stability.
- The foundation's assets have shown a general declining trend from $7,008,943 in 2019 to $6,103,999 in 2023, despite some fluctuations.
Strengths
The following positive indicators were identified for Isermann Family Foundation:
- Consistent reporting of 0% compensation ratio indicates efficient use of funds for non-staff related expenses.
- The foundation maintains substantial assets, with over $6 million in 2023, providing a strong financial base.
- The 'l1' governance score across all years suggests a stable and consistent governance structure.
Frequently Asked Questions about Isermann Family Foundation
Is Isermann Family Foundation a legitimate charity?
Isermann Family Foundation (EIN: 222615361) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.0M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Isermann Family Foundation spend its money?
Isermann Family Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Isermann Family Foundation tax-deductible?
Isermann Family Foundation is registered as a tax-exempt nonprofit (EIN: 222615361). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Isermann Family Foundation's spending goes to programs?
Isermann Family Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Isermann Family Foundation located?
Isermann Family Foundation is headquartered in Morristown, New Jersey and files with the IRS under EIN 222615361.
How many years of IRS 990 filings does Isermann Family Foundation have?
Isermann Family 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 $2.0M in total revenue.
What does Isermann Family Foundation do?
Isermann Family Foundation is a nonprofit organization in the Unknown sector, located in Morristown, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Isermann Family Foundation have?
Isermann Family Foundation reported total revenue of $2,021,364. Based on 10 IRS 990 filings on record.
What are Isermann Family Foundation's total assets?
Isermann Family Foundation holds total assets of $6,381,479 as reported in IRS 990 filings.
Where is Isermann Family Foundation located?
Isermann Family Foundation is based in Morristown, New Jersey.
What is Isermann Family Foundation's EIN?
Isermann Family Foundation's Employer Identification Number (EIN) is 222615361. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Isermann Family Foundation?
Isermann Family Foundation is classified under NTEE code Unknown (Unknown).
Is Isermann Family Foundation a registered 501(c)(3)?
Isermann Family Foundation appears in IRS records (EIN: 222615361). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Isermann Family Foundation file IRS Form 990?
Yes, Isermann Family Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Isermann Family Foundation's revenue in 2023?
In the 202312 filing period, Isermann Family Foundation reported total revenue of $344,901, total expenses of $676,974, and net assets of $6,103,999.
Is Isermann Family Foundation's revenue growing or declining?
Isermann Family Foundation's revenue is growing. Revenue went from $110,511 (202212) to $344,901 (202312), a +212.1% change. Based on 10 filings on record.
What is Isermann Family Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Isermann Family Foundation covers tax period 202312. It shows revenue of $344,901, expenses of $676,974, total assets of $6,103,999, and liabilities of $1.
How much does Isermann Family Foundation spend on programs vs administration?
Based on IRS 990 analysis, Isermann Family Foundation allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Isermann Family Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Isermann Family Foundation appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Isermann Family Foundation?
The following concerns were identified: Revenue has been highly volatile, with a negative revenue of -$10,455 in 2019 and a low of $110,511 in 2022, raising questions about funding stability.. The foundation's assets have shown a general declining trend from $7,008,943 in 2019 to $6,103,999 in 2023, despite some fluctuations.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Isermann Family Foundation's strengths?
Positive indicators for Isermann Family Foundation include: Consistent reporting of 0% compensation ratio indicates efficient use of funds for non-staff related expenses.. The foundation maintains substantial assets, with over $6 million in 2023, providing a strong financial base.. The 'l1' governance score across all years suggests a stable and consistent governance structure.. These findings are derived from AI analysis of the organization's financial filings.
How does Isermann Family Foundation compensate executives?
Executive compensation is consistently reported as 0% across all available filings, suggesting no paid executive staff or that compensation is covered by other means not reflected in these specific fields. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 'c0%' compensation ratio, how are administrative and operational functions managed and funded?
The consistent 0% compensation ratio suggests that administrative and operational functions are either performed by unpaid volunteers, board members, or are funded through an external entity not reflected in these specific compensation fields. Further investigation into their Form 990 would be needed to clarify this.
What is the strategy behind the highly fluctuating and sometimes negative revenue figures, and how does the foundation sustain its operations with such variability?
The significant fluctuations in revenue, including a negative figure in 2019, indicate a reliance on unpredictable funding sources, potentially investment returns or large, infrequent donations. The foundation likely relies on its substantial asset base to cover expenses during periods of low or negative revenue, as seen by the consistent expenditure figures despite revenue volatility.
Filing History
IRS 990 filing history for Isermann Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Isermann Family Foundation's revenue has declined by 53%, moving from $734K to $345K. Total assets decreased by 2.7% over the same period, from $6.3M to $6.1M. Total functional expenses rose by 44.6%, from $468K to $677K. In its most recent filing year (2023), Isermann Family Foundation reported a deficit of $332K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $345K | $677K | $6.1M | $1 | — | — |
| 2022 | $111K | $762K | $6.2M | $1 | — | View 990 |
| 2021 | $991K | $767K | $6.8M | $1 | — | — |
| 2020 | $342K | $662K | $6.6M | $1 | — | — |
| 2019 | $-10,455 | $693K | $7.0M | $1 | — | View 990 |
| 2015 | $672K | $538K | $5.9M | $1 | — | View 990 |
| 2014 | $107K | $520K | $5.8M | $1 | — | View 990 |
| 2013 | $256K | $572K | $6.2M | $1 | — | View 990 |
| 2012 | $1.5M | $503K | $7.1M | $0 | — | View 990 |
| 2011 | $734K | $468K | $6.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $345K, expenses of $677K, and assets of $6.1M (revenue +212.1% year-over-year).
- 2022: Revenue of $111K, expenses of $762K, and assets of $6.2M (revenue -88.9% year-over-year).
- 2021: Revenue of $991K, expenses of $767K, and assets of $6.8M (revenue +189.8% year-over-year).
- 2020: Revenue of $342K, expenses of $662K, and assets of $6.6M.
- 2019: Revenue of $-10,455, expenses of $693K, and assets of $7.0M (revenue -101.6% year-over-year).
- 2015: Revenue of $672K, expenses of $538K, and assets of $5.9M (revenue +529.5% year-over-year).
- 2014: Revenue of $107K, expenses of $520K, and assets of $5.8M (revenue -58.2% year-over-year).
- 2013: Revenue of $256K, expenses of $572K, and assets of $6.2M (revenue -82.5% year-over-year).
- 2012: Revenue of $1.5M, expenses of $503K, and assets of $7.1M (revenue +98.6% year-over-year).
- 2011: Revenue of $734K, expenses of $468K, and assets of $6.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Isermann Family Foundation:
Data Sources and Methodology
This transparency report for Isermann Family 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.