J Roger & Patricia M Friedman Foundation Inc

J Roger & Patricia M Friedman Foundation Inc operates with minimal revenue and assets, consistently reporting zero officer compensation.

EIN: 133697031 · Pecos, NM · Updated: 2026-03-28

$1Revenue

$469Assets

65/100Mission Score (Good)

About J Roger & Patricia M Friedman Foundation Inc

J Roger & Patricia M Friedman Foundation Inc (EIN: 133697031) is a nonprofit organization based in Pecos, NM. The organization reported total revenue of $1 and total assets of $469 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of J Roger & Patricia M Friedman Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The J Roger & Patricia M Friedman Foundation Inc appears to be a very small private foundation, as indicated by its consistently low revenue and asset figures. In its latest filing (202212), the organization reported only $1 in revenue against $377 in expenses, leading to a significant deficit. This pattern of minimal revenue and fluctuating expenses is common for foundations that primarily disburse funds rather than actively fundraise. The organization's assets have also remained very low, peaking at $1,719 in 201112 and currently standing at $469. Given its size and operational model, the financial health is stable in the sense that it maintains a minimal asset base, but it does not demonstrate significant growth or large-scale programmatic activity.

Spending efficiency is difficult to assess with precision due to the extremely low revenue and expense figures. For instance, in 202212, expenses ($377) far exceeded revenue ($1), suggesting that the organization is drawing down on its limited assets or receiving unrecorded contributions. Without detailed expense breakdowns, it's challenging to determine the proportion allocated to programs versus administrative costs. However, the absence of officer compensation across all filings suggests a volunteer-driven or minimally staffed operation, which can contribute to lower administrative overhead.

Transparency appears to be adequate for a foundation of this size, as evidenced by its consistent IRS 990 filings over nine periods. The organization consistently reports zero officer compensation, which is a positive indicator of fiscal responsibility at the leadership level. However, the lack of a specified NTEE code and the very limited financial activity make it difficult to fully evaluate its programmatic impact or compare its efficiency against peers. The consistent reporting, despite minimal activity, demonstrates a commitment to regulatory compliance.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates J Roger & Patricia M Friedman Foundation Inc with a Mission Score of 65 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: 20%
programs: 80%
fundraising: 0%

According to IRS 990 filings, J Roger & Patricia M Friedman Foundation Inc allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all nine filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, which is highly efficient for an organization of this size.

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 J Roger & Patricia M Friedman Foundation Inc's IRS 990 filings:

Extremely low and inconsistent revenue, making financial stability difficult to assess for growth.
Expenses frequently exceed reported revenue, indicating reliance on assets or unrecorded income.
NTEE code is unknown, hindering understanding of its specific mission and programmatic focus.

Strengths

The following positive indicators were identified for J Roger & Patricia M Friedman Foundation Inc:

Consistent IRS 990 filing history demonstrates commitment to regulatory compliance.
Zero officer compensation reported across all filings, indicating efficient use of funds at the leadership level.
Maintains a small asset base, suggesting some level of financial stewardship despite minimal activity.

Frequently Asked Questions about J Roger & Patricia M Friedman Foundation Inc

What is the primary purpose or program activity of the J Roger & Patricia M Friedman Foundation Inc?

Based on the available IRS 990 data, the specific program activities are not detailed. The organization's NTEE code is unknown, and with minimal revenue and expenses, it likely operates as a small grant-making or family foundation without extensive public programs.

How does the foundation sustain its operations with such low reported revenue?

The foundation likely sustains its operations through a combination of its small asset base and potentially unrecorded or irregular contributions that are not reflected in the 'Revenue' line item on the 990-EZ, or it may be drawing down on its principal. For example, in 202212, expenses were $377 against $1 revenue, suggesting funds came from assets or other sources.

Is the J Roger & Patricia M Friedman Foundation Inc actively fundraising?

Given the consistently low reported revenue (often $1) and the nature of a private foundation, it is highly unlikely that the organization is actively engaged in public fundraising efforts. Its funding likely comes from a limited number of private sources or its endowment.

Filing History

IRS 990 filing history for J Roger & Patricia M Friedman Foundation Inc showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2011–2022), J Roger & Patricia M Friedman Foundation Inc's revenue has grown by 0%, moving from $1 to $1. Total assets decreased by 72.7% over the same period, from $2K to $469. In its most recent filing year (2022), J Roger & Patricia M Friedman Foundation Inc reported a deficit of $376, with expenses exceeding revenue. The organization holds $1 in liabilities against $469 in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $468.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2022	$1	$377	$469	$1	—	View 990
2021	$1K	$1K	$846	$1	—	—
2020	$1K	$1K	$693	$1	—	View 990
2019	$1	$0	$693	$1	—	View 990
2015	$300	$0	$633	$1	—	View 990
2014	$1K	$1K	$1	$0	—	View 990
2013	$1	$0	$1	$0	—	View 990
2012	$1	$360	$444	$0	—	View 990
2011	$1	$0	$2K	$0	—	View 990

Year-by-Year Financial Summary

2022: Revenue of $1, expenses of $377, and assets of $469 (revenue -99.9% year-over-year).
2021: Revenue of $1K, expenses of $1K, and assets of $846 (revenue +4.0% year-over-year).
2020: Revenue of $1K, expenses of $1K, and assets of $693 (revenue +124900.0% year-over-year).
2019: Revenue of $1, expenses of $0, and assets of $693 (revenue -99.7% year-over-year).
2015: Revenue of $300, expenses of $0, and assets of $633 (revenue -75.0% year-over-year).
2014: Revenue of $1K, expenses of $1K, and assets of $1 (revenue +119900.0% year-over-year).
2013: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
2012: Revenue of $1, expenses of $360, and assets of $444 (revenue +0.0% year-over-year).
2011: Revenue of $1, expenses of $0, and assets of $2K.

Data Sources and Methodology

This transparency report for J Roger & Patricia M Friedman 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.