Jean Widmark And Richard Widmark Foundation Inc
EIN: 61523571 · New Milford, CT · NTEE: T20Z
About Jean Widmark And Richard Widmark Foundation Inc
Jean Widmark And Richard Widmark Foundation Inc (EIN: 61523571) is a nonprofit organization based in New Milford, CT, classified under NTEE code T20Z. The organization reported total revenue of $38K and total assets of $447K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jean Widmark And Richard Widmark Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Jean Widmark And Richard Widmark Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Jean Widmark And Richard Widmark Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Filing History
IRS 990 filing history for Jean Widmark And Richard Widmark Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Jean Widmark And Richard Widmark Foundation Inc's revenue has declined by 20.8%, moving from $14K to $11K. Total assets decreased by 33.7% over the same period, from $693K to $460K. Total functional expenses fell by 33%, from $51K to $34K. In its most recent filing year (2023), Jean Widmark And Richard Widmark Foundation Inc reported a deficit of $23K, with expenses exceeding revenue. The organization holds $1 in liabilities against $460K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $460K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $11K | $34K | $460K | $1 | — | — |
| 2022 | $18K | $34K | $483K | $1 | — | — |
| 2021 | $32K | $40K | $499K | $1 | — | — |
| 2020 | $21K | $36K | $507K | $1 | — | — |
| 2019 | $23K | $37K | $522K | $1 | — | View 990 |
| 2015 | $15K | $40K | $610K | $2K | — | View 990 |
| 2014 | $33K | $47K | $633K | $1 | — | View 990 |
| 2013 | $32K | $52K | $647K | $0 | — | View 990 |
| 2012 | $16K | $42K | $667K | $0 | — | View 990 |
| 2011 | $14K | $51K | $693K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11K, expenses of $34K, and assets of $460K (revenue -40.1% year-over-year).
- 2022: Revenue of $18K, expenses of $34K, and assets of $483K (revenue -42.5% year-over-year).
- 2021: Revenue of $32K, expenses of $40K, and assets of $499K (revenue +50.1% year-over-year).
- 2020: Revenue of $21K, expenses of $36K, and assets of $507K (revenue -7.6% year-over-year).
- 2019: Revenue of $23K, expenses of $37K, and assets of $522K (revenue +55.4% year-over-year).
- 2015: Revenue of $15K, expenses of $40K, and assets of $610K (revenue -55.1% year-over-year).
- 2014: Revenue of $33K, expenses of $47K, and assets of $633K (revenue +2.6% year-over-year).
- 2013: Revenue of $32K, expenses of $52K, and assets of $647K (revenue +96.8% year-over-year).
- 2012: Revenue of $16K, expenses of $42K, and assets of $667K (revenue +17.9% year-over-year).
- 2011: Revenue of $14K, expenses of $51K, and assets of $693K.
Data Sources and Methodology
This transparency report for Jean Widmark And Richard Widmark 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.