Jayne And Leonard Abess Foundation Inc
Jayne And Leonard Abess Foundation Inc consistently grows assets with minimal liabilities and no reported officer compensation.
EIN: 200052304 · Miami, FL · NTEE: T20 · Updated: 2026-03-28
Is Jayne And Leonard Abess Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jayne And Leonard Abess Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jayne And Leonard Abess Foundation Inc
Jayne And Leonard Abess Foundation Inc (EIN: 200052304) is a nonprofit organization based in Miami, FL, classified under NTEE code T20. The organization reported total revenue of $3.5M and total assets of $11.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jayne And Leonard Abess Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jayne And Leonard Abess Foundation Inc is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $695K |
| Surplus / Deficit | +$452K |
| Total Assets | $11.1M |
| Total Liabilities | $1 |
| Net Assets | $11.1M |
| Operating Margin | 39.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 192.3 months |
Financial Health Grade: A
In 2023, Jayne And Leonard Abess Foundation Inc reported a surplus of $452K with revenue exceeding expenses, holds 192.3 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), Jayne And Leonard Abess Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.3% | -14.0% | -1.1% |
| 2022 | -7.5% | +24.9% | +3.7% |
| 2020 | -116.5% | -12.0% | -8.4% |
| 2019 | +175.3% | +27.4% | +43.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Jayne And Leonard Abess Foundation Inc with a Mission Score of 92 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, Jayne And Leonard Abess 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $452K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that its leadership is either unpaid or compensated through mechanisms not categorized as officer compensation on the 990, which is highly efficient for a foundation of its size with assets exceeding $11 million.
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 Jayne And Leonard Abess Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown beyond total expenses in provided data, making precise program/admin ratio estimation difficult without full 990 access.
Strengths
The following positive indicators were identified for Jayne And Leonard Abess Foundation Inc:
- Consistent asset growth, increasing from $6.2M in 2011 to $11.1M in 2023.
- Minimal liabilities, consistently reported as $1, indicating strong financial stability.
- No reported officer compensation across all filings, suggesting highly efficient leadership costs.
- Expenses consistently well below revenue, allowing for sustained philanthropic activity and asset accumulation.
- Long history of IRS 990 filings (10 filings), demonstrating commitment to transparency and compliance.
Frequently Asked Questions about Jayne And Leonard Abess Foundation Inc
Is Jayne And Leonard Abess Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Jayne And Leonard Abess Foundation Inc (EIN: 200052304) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Jayne And Leonard Abess Foundation Inc spend its money?
Jayne And Leonard Abess Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jayne And Leonard Abess Foundation Inc tax-deductible?
Jayne And Leonard Abess Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200052304). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Jayne And Leonard Abess Foundation Inc a good charity?
Yes, as a grant-making private foundation, it demonstrates strong financial health, consistent asset growth, and no reported officer compensation, indicating efficient use of funds for its philanthropic mission.
How does the foundation manage its expenses?
The foundation consistently keeps its expenses well below its revenue, as seen in 2023 where expenses were $694,800 against revenues of $1,146,952, allowing for significant asset accumulation and sustained grant-making.
What is the trend in the foundation's assets?
The foundation's assets have shown a strong upward trend, growing from $6,211,631 in 2011 to $11,134,246 in 2023, indicating robust financial management and growth.
Does the foundation have high administrative costs?
Based on the absence of reported officer compensation and its nature as a grant-making entity, it's highly probable that administrative costs are very low, with the vast majority of expenses being program-related (grants).
Filing History
IRS 990 filing history for Jayne And Leonard Abess Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Jayne And Leonard Abess Foundation Inc's revenue has declined by 20.1%, moving from $1.4M to $1.1M. Total assets increased by 79.2% over the same period, from $6.2M to $11.1M. Total functional expenses rose by 180.2%, from $248K to $695K. In its most recent filing year (2023), Jayne And Leonard Abess Foundation Inc reported a surplus of $452K, with revenue exceeding expenses. The organization holds $1 in liabilities against $11.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $11.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $695K | $11.1M | $1 | — | View 990 |
| 2022 | $1.2M | $808K | $11.3M | $1 | — | View 990 |
| 2021 | $1.3M | $647K | $10.9M | $1 | — | View 990 |
| 2020 | $-432,624 | $507K | $10.2M | $1 | — | View 990 |
| 2019 | $2.6M | $576K | $11.1M | $1 | — | View 990 |
| 2015 | $955K | $452K | $7.8M | $1 | — | View 990 |
| 2014 | $1.0M | $446K | $7.2M | $0 | — | View 990 |
| 2013 | $1.0M | $365K | $6.7M | $0 | — | View 990 |
| 2012 | $110K | $329K | $6.0M | $0 | — | View 990 |
| 2011 | $1.4M | $248K | $6.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $695K, and assets of $11.1M (revenue -5.3% year-over-year).
- 2022: Revenue of $1.2M, expenses of $808K, and assets of $11.3M (revenue -7.5% year-over-year).
- 2021: Revenue of $1.3M, expenses of $647K, and assets of $10.9M.
- 2020: Revenue of $-432,624, expenses of $507K, and assets of $10.2M (revenue -116.5% year-over-year).
- 2019: Revenue of $2.6M, expenses of $576K, and assets of $11.1M (revenue +175.3% year-over-year).
- 2015: Revenue of $955K, expenses of $452K, and assets of $7.8M (revenue -7.3% year-over-year).
- 2014: Revenue of $1.0M, expenses of $446K, and assets of $7.2M (revenue -0.7% year-over-year).
- 2013: Revenue of $1.0M, expenses of $365K, and assets of $6.7M (revenue +843.9% year-over-year).
- 2012: Revenue of $110K, expenses of $329K, and assets of $6.0M (revenue -92.3% year-over-year).
- 2011: Revenue of $1.4M, expenses of $248K, and assets of $6.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jayne And Leonard Abess Foundation Inc:
Data Sources and Methodology
This transparency report for Jayne And Leonard Abess 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.