Jerrold & Diane Salmanson Foundation
Salmanson Foundation: Consistent Giving, Minimal Overhead
EIN: 222571912 · Providence, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $113K |
| Program Spending | 99% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $1.6M |
| Transparency Score | 85/100 |
Is Jerrold & Diane Salmanson Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jerrold & Diane Salmanson Foundation directs 99% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jerrold & Diane Salmanson Foundation
Jerrold & Diane Salmanson Foundation (EIN: 222571912) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $2.0M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jerrold & Diane Salmanson Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jerrold & Diane Salmanson 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 -5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $47K |
| Total Expenses | $113K |
| Surplus / Deficit | $-66,500 |
| Total Assets | $1.7M |
| Total Liabilities | $81K |
| Net Assets | $1.6M |
| Operating Margin | -142.0% |
| Debt-to-Asset Ratio | 4.8% |
| Months of Reserves | 179.0 months |
Financial Health Grade: B
In 2023, Jerrold & Diane Salmanson Foundation reported a deficit of $67K with expenses exceeding revenue, holds 179.0 months of operating reserves (strong position), has a debt-to-asset ratio of 4.8% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Jerrold & Diane Salmanson Foundation's revenue has declined at a compound annual growth rate (CAGR) of -5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.5% | -0.3% | +0.9% |
| 2022 | -56.7% | +25.6% | -3.3% |
| 2021 | -88.6% | +99.1% | +2.3% |
| 2020 | +1873.8% | -17.2% | +113.7% |
| 2019 | +142.4% | -8.3% | +2.1% |
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 Jerrold & Diane Salmanson 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: 1%
- programs: 99%
- fundraising: 0%
According to IRS 990 filings, Jerrold & Diane Salmanson Foundation allocates its expenses as follows: admin: 1%, programs: 99%, fundraising: 0%. With 99% 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 $67K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.8%.
Executive Compensation Analysis
The Jerrold & Diane Salmanson Foundation reports $0 in compensation for officers, directors, trustees, and key employees across all available filings, indicating a volunteer-led or unpaid leadership structure.
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.
Strengths
The following positive indicators were identified for Jerrold & Diane Salmanson Foundation:
- Extremely low administrative and fundraising costs, with 99% of expenses directed to programs in 2023.
- Consistent grantmaking activity relative to assets.
- Healthy asset base of $1,690,732 in 2023, providing long-term stability.
- No executive compensation reported, maximizing funds for charitable purposes.
Frequently Asked Questions about Jerrold & Diane Salmanson Foundation
Is Jerrold & Diane Salmanson Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Jerrold & Diane Salmanson Foundation (EIN: 222571912) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Jerrold & Diane Salmanson Foundation spend its money?
Jerrold & Diane Salmanson Foundation directs 99% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jerrold & Diane Salmanson Foundation tax-deductible?
Jerrold & Diane Salmanson Foundation is registered as a tax-exempt nonprofit (EIN: 222571912). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Jerrold & Diane Salmanson Foundation CEO make?
Jerrold & Diane Salmanson Foundation's highest-compensated officer earns $0 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Jerrold & Diane Salmanson Foundation located?
Jerrold & Diane Salmanson Foundation is headquartered in Providence, Rhode Island and files with the IRS under EIN 222571912.
How many years of IRS 990 filings does Jerrold & Diane Salmanson Foundation have?
Jerrold & Diane Salmanson 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 Jerrold & Diane Salmanson Foundation do?
Jerrold & Diane Salmanson Foundation is a nonprofit organization in the Unknown sector, located in Providence, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does Jerrold & Diane Salmanson Foundation have?
Jerrold & Diane Salmanson Foundation reported total revenue of $2,039,162. Based on 10 IRS 990 filings on record.
What are Jerrold & Diane Salmanson Foundation's total assets?
Jerrold & Diane Salmanson Foundation holds total assets of $1,768,391 as reported in IRS 990 filings.
Where is Jerrold & Diane Salmanson Foundation located?
Jerrold & Diane Salmanson Foundation is based in Providence, Rhode Island.
What is Jerrold & Diane Salmanson Foundation's EIN?
Jerrold & Diane Salmanson Foundation's Employer Identification Number (EIN) is 222571912. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Jerrold & Diane Salmanson Foundation?
Jerrold & Diane Salmanson Foundation is classified under NTEE code Unknown (Unknown).
Is Jerrold & Diane Salmanson Foundation a registered 501(c)(3)?
Jerrold & Diane Salmanson Foundation appears in IRS records (EIN: 222571912). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Jerrold & Diane Salmanson Foundation file IRS Form 990?
Yes, Jerrold & Diane Salmanson Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Jerrold & Diane Salmanson Foundation's revenue in 2023?
In the 202309 filing period, Jerrold & Diane Salmanson Foundation reported total revenue of $46,820, total expenses of $113,320, and net assets of $1,690,732.
Is Jerrold & Diane Salmanson Foundation's revenue growing or declining?
Jerrold & Diane Salmanson Foundation's revenue is declining. Revenue went from $56,092 (202209) to $46,820 (202309), a -16.5% change. Based on 10 filings on record.
What is Jerrold & Diane Salmanson Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Jerrold & Diane Salmanson Foundation covers tax period 202309. It shows revenue of $46,820, expenses of $113,320, total assets of $1,690,732, and liabilities of $81,237.
How much does Jerrold & Diane Salmanson Foundation spend on programs vs administration?
Based on IRS 990 analysis, Jerrold & Diane Salmanson Foundation allocates approximately 99% of expenses to program services, 1% to administrative costs, and 0% to fundraising. This indicates strong program focus.
Is Jerrold & Diane Salmanson Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Jerrold & Diane Salmanson Foundation appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Jerrold & Diane Salmanson Foundation's strengths?
Positive indicators for Jerrold & Diane Salmanson Foundation include: Extremely low administrative and fundraising costs, with 99% of expenses directed to programs in 2023.. Consistent grantmaking activity relative to assets.. Healthy asset base of $1,690,732 in 2023, providing long-term stability.. No executive compensation reported, maximizing funds for charitable purposes.. These findings are derived from AI analysis of the organization's financial filings.
How does Jerrold & Diane Salmanson Foundation compensate executives?
The Jerrold & Diane Salmanson Foundation reports $0 in compensation for officers, directors, trustees, and key employees across all available filings, indicating a volunteer-led or unpaid leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of zero fundraising expenses, what is the primary mechanism by which the foundation sustains its revenue and asset base?
The foundation primarily sustains its revenue through investment income (e.g., $46,820 in 2023) and potentially through initial endowment or direct, non-solicited contributions, as no fundraising activities are reported.
How does the foundation manage to maintain such exceptionally low administrative expenses, consistently around $1,000-$1,200 annually, as seen in the 2023 'x' value of $1,133?
The foundation likely operates with minimal overhead, possibly utilizing volunteer staff, shared resources, or outsourcing administrative tasks very cost-effectively, as evidenced by administrative expenses consistently below $1,200.
Filing History
IRS 990 filing history for Jerrold & Diane Salmanson Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Jerrold & Diane Salmanson Foundation's revenue has declined by 51.3%, moving from $96K to $47K. Total assets increased by 391.3% over the same period, from $344K to $1.7M. Total functional expenses rose by 727.2%, from $14K to $113K. In its most recent filing year (2023), Jerrold & Diane Salmanson Foundation reported a deficit of $67K, with expenses exceeding revenue. The organization holds $81K in liabilities against $1.7M in assets (debt-to-asset ratio: 4.8%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $47K | $113K | $1.7M | $81K | — | View 990 |
| 2022 | $56K | $114K | $1.7M | $1 | — | View 990 |
| 2021 | $129K | $90K | $1.7M | $1 | — | View 990 |
| 2020 | $1.1M | $45K | $1.7M | $1 | — | View 990 |
| 2019 | $58K | $55K | $793K | $1 | — | View 990 |
| 2015 | $24K | $60K | $776K | $1 | — | View 990 |
| 2014 | $69K | $64K | $812K | $1 | — | View 990 |
| 2013 | $497K | $57K | $808K | $1 | — | View 990 |
| 2012 | $54K | $30K | $368K | $1 | — | View 990 |
| 2011 | $96K | $14K | $344K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $47K, expenses of $113K, and assets of $1.7M (revenue -16.5% year-over-year).
- 2022: Revenue of $56K, expenses of $114K, and assets of $1.7M (revenue -56.7% year-over-year).
- 2021: Revenue of $129K, expenses of $90K, and assets of $1.7M (revenue -88.6% year-over-year).
- 2020: Revenue of $1.1M, expenses of $45K, and assets of $1.7M (revenue +1873.8% year-over-year).
- 2019: Revenue of $58K, expenses of $55K, and assets of $793K (revenue +142.4% year-over-year).
- 2015: Revenue of $24K, expenses of $60K, and assets of $776K (revenue -65.4% year-over-year).
- 2014: Revenue of $69K, expenses of $64K, and assets of $812K (revenue -86.2% year-over-year).
- 2013: Revenue of $497K, expenses of $57K, and assets of $808K (revenue +819.1% year-over-year).
- 2012: Revenue of $54K, expenses of $30K, and assets of $368K (revenue -43.7% year-over-year).
- 2011: Revenue of $96K, expenses of $14K, and assets of $344K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jerrold & Diane Salmanson Foundation:
Data Sources and Methodology
This transparency report for Jerrold & Diane Salmanson 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.