Jerome And Marlyce Koskovich Foundation
Jerome And Marlyce Koskovich Foundation experiences fluctuating revenues and consistent asset decline over the past decade.
EIN: 202051209 · Rochester, MN · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $230K |
| Total Expenses | $287K |
| Program Spending | 90% |
| Net Assets | $1.5M |
| Transparency Score | 85/100 |
Is Jerome And Marlyce Koskovich Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jerome And Marlyce Koskovich Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jerome And Marlyce Koskovich Foundation
Jerome And Marlyce Koskovich Foundation (EIN: 202051209) is a nonprofit organization based in Rochester, MN, classified under NTEE code T22. The organization reported total revenue of $230K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jerome And Marlyce Koskovich Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jerome And Marlyce Koskovich Foundation is a small nonprofit that has been operating for 21 years, with 8 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $223K |
| Total Expenses | $287K |
| Surplus / Deficit | $-63,890 |
| Total Assets | $1.5M |
| Total Liabilities | $1 |
| Net Assets | $1.5M |
| Operating Margin | -28.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 63.0 months |
Financial Health Grade: B
In 2023, Jerome And Marlyce Koskovich Foundation reported a deficit of $64K with expenses exceeding revenue, holds 63.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2012–2023), Jerome And Marlyce Koskovich Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -50.8% | +60.5% | -3.2% |
| 2022 | +290.0% | -33.3% | +16.7% |
| 2021 | +568.3% | +68.6% | -9.5% |
| 2020 | -31.2% | -68.7% | -33.0% |
| 2015 | -5.3% | -9.7% | -18.0% |
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 Jerome And Marlyce Koskovich Foundation with a Mission Score of 85 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, Jerome And Marlyce Koskovich Foundation 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 deficit of $64K, 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, which is highly favorable for donor perception and resource allocation.
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 Jerome And Marlyce Koskovich Foundation's IRS 990 filings:
- Consistent long-term decline in assets from $3.7M to $1.5M over 11 years.
- Frequent periods of expenses exceeding revenue, indicating reliance on asset drawdowns.
- Significant year-over-year revenue volatility, making financial planning challenging.
Strengths
The following positive indicators were identified for Jerome And Marlyce Koskovich Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds for mission.
- Consistently low liabilities ($1) across all periods, suggesting strong financial management of debt.
- As a private foundation, its primary function is grantmaking, directly supporting charitable causes.
Frequently Asked Questions about Jerome And Marlyce Koskovich Foundation
Is Jerome And Marlyce Koskovich Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Jerome And Marlyce Koskovich Foundation (EIN: 202051209) some concerns. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
How does Jerome And Marlyce Koskovich Foundation spend its money?
Jerome And Marlyce Koskovich Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jerome And Marlyce Koskovich Foundation tax-deductible?
Jerome And Marlyce Koskovich Foundation is registered as a tax-exempt nonprofit (EIN: 202051209). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Jerome And Marlyce Koskovich Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Jerome And Marlyce Koskovich Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Jerome And Marlyce Koskovich Foundation located?
Jerome And Marlyce Koskovich Foundation is headquartered in Rochester, Minnesota and files with the IRS under EIN 202051209. It is classified under NTEE code T22.
How many years of IRS 990 filings does Jerome And Marlyce Koskovich Foundation have?
Jerome And Marlyce Koskovich Foundation has 8 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 $230K in total revenue.
What is the primary cause of the long-term decline in the foundation's assets?
The consistent decline in assets from $3.7M in 2012 to $1.5M in 2023, often alongside expenses exceeding revenue, suggests significant distributions or investment losses that are not fully offset by incoming revenue.
How does the foundation sustain operations with recurring deficits?
The foundation appears to be drawing down its asset base to cover expenses when revenue is insufficient, as evidenced by periods like 202306 where expenses ($286,834) significantly outstripped revenue ($222,944).
What is the nature of the foundation's program spending given the NTEE code T22 (Private Grantmaking Foundations)?
As a private grantmaking foundation, its program spending would primarily consist of grants and contributions made to other organizations or individuals in line with its charitable purpose.
Why is there such high variability in annual revenue?
Revenue fluctuations, such as $17,390 in 202006 compared to $453,317 in 202206, could be due to inconsistent investment returns, timing of large donations, or specific asset sales.
Filing History
IRS 990 filing history for Jerome And Marlyce Koskovich Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2023), Jerome And Marlyce Koskovich Foundation's revenue has grown by 204.7%, moving from $73K to $223K. Total assets decreased by 59.9% over the same period, from $3.8M to $1.5M. Total functional expenses rose by 200.6%, from $95K to $287K. In its most recent filing year (2023), Jerome And Marlyce Koskovich Foundation reported a deficit of $64K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $223K | $287K | $1.5M | $1 | — | View 990 |
| 2022 | $453K | $179K | $1.6M | $1 | — | View 990 |
| 2021 | $116K | $268K | $1.3M | $1 | — | View 990 |
| 2020 | $17K | $159K | $1.5M | $1 | — | — |
| 2015 | $25K | $508K | $2.2M | $1 | — | View 990 |
| 2014 | $27K | $563K | $2.7M | $1 | — | View 990 |
| 2013 | $49K | $591K | $3.2M | $1 | — | View 990 |
| 2012 | $73K | $95K | $3.8M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $223K, expenses of $287K, and assets of $1.5M (revenue -50.8% year-over-year).
- 2022: Revenue of $453K, expenses of $179K, and assets of $1.6M (revenue +290.0% year-over-year).
- 2021: Revenue of $116K, expenses of $268K, and assets of $1.3M (revenue +568.3% year-over-year).
- 2020: Revenue of $17K, expenses of $159K, and assets of $1.5M (revenue -31.2% year-over-year).
- 2015: Revenue of $25K, expenses of $508K, and assets of $2.2M (revenue -5.3% year-over-year).
- 2014: Revenue of $27K, expenses of $563K, and assets of $2.7M (revenue -45.2% year-over-year).
- 2013: Revenue of $49K, expenses of $591K, and assets of $3.2M (revenue -33.5% year-over-year).
- 2012: Revenue of $73K, expenses of $95K, and assets of $3.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jerome And Marlyce Koskovich Foundation:
Data Sources and Methodology
This transparency report for Jerome And Marlyce Koskovich 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.