John O Ounjian Foundation Inc
John O Ounjian Foundation maintains substantial assets despite volatile revenue and consistent operating deficits.
EIN: 113501028 · Boca Raton, FL · NTEE: T22 · Updated: 2026-03-28
Is John O Ounjian Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
John O Ounjian Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About John O Ounjian Foundation Inc
John O Ounjian Foundation Inc (EIN: 113501028) is a nonprofit organization based in Boca Raton, FL, classified under NTEE code T22. The organization reported total revenue of $2.2M and total assets of $7.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of John O Ounjian Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
John O Ounjian Foundation Inc is a mid-size nonprofit that has been operating for 27 years, with 8 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $27K |
| Total Expenses | $233K |
| Surplus / Deficit | $-205,554 |
| Total Assets | $6.7M |
| Total Liabilities | $1 |
| Net Assets | $6.7M |
| Operating Margin | -749.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 346.0 months |
Financial Health Grade: B
In 2023, John O Ounjian Foundation Inc reported a deficit of $206K with expenses exceeding revenue, holds 346.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -67.6% | -35.6% | +6.4% |
| 2022 | -90.5% | -37.8% | -9.6% |
| 2020 | -100.4% | +466.7% | -19.4% |
| 2019 | +797.3% | -71.6% | +757.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 John O Ounjian Foundation Inc with a Mission Score of 80 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: 85%
- fundraising: 5%
According to IRS 990 filings, John O Ounjian Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $206K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its asset size ($6,717,735 in 2023).
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 John O Ounjian Foundation Inc's IRS 990 filings:
- Highly volatile revenue, making financial planning unpredictable (e.g., $4M in 2019 vs. $27K in 2023).
- Consistent operating deficits in recent years (e.g., 2023 revenue of $27,414 against expenses of $232,968), indicating reliance on asset drawdowns.
- Lack of detailed program expense breakdown in provided data, making it difficult to fully assess program efficiency.
Strengths
The following positive indicators were identified for John O Ounjian Foundation Inc:
- Strong and growing asset base, providing financial stability ($6,717,735 in 2023).
- Zero reported officer compensation across all filings, indicating highly efficient administrative overhead.
- Consistent IRS 990 filing history, demonstrating good transparency.
- Very low liabilities ($0 or $1 across all filings), indicating sound financial management and minimal debt.
Frequently Asked Questions about John O Ounjian Foundation Inc
Is John O Ounjian Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, John O Ounjian Foundation Inc (EIN: 113501028) some concerns. Mission Score: 80/100. 3 red flags identified, 4 strengths noted.
How does John O Ounjian Foundation Inc spend its money?
John O Ounjian Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to John O Ounjian Foundation Inc tax-deductible?
John O Ounjian Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113501028). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the primary sources of the John O Ounjian Foundation's revenue, given its significant fluctuations?
The provided data shows highly volatile revenue, ranging from $4,067,309 in 2019 to $-15,862 in 2020 and $27,414 in 2023. This suggests reliance on investment income, large one-time donations, or estate gifts rather than consistent public support.
How does the foundation manage to cover expenses when revenue is significantly lower, such as in 2023 ($27,414 revenue vs. $232,968 expenses)?
The foundation likely covers its expenses by drawing from its substantial asset base, which grew from $928,809 in 2011 to $6,717,735 in 2023. This indicates a strategy of utilizing endowment or investment returns to fund operations and grants.
What specific types of grants or programs does the John O Ounjian Foundation support?
The NTEE code T22 indicates it is a Private Grantmaking Foundation. However, the provided data does not specify the beneficiaries or areas of focus for its grants. Further investigation into its 990-PF filings would be needed for this detail.
Is the foundation's asset growth sustainable given its recent low revenue figures?
While the foundation has shown strong asset growth historically, the recent trend of low revenue ($27,414 in 2023) compared to expenses ($232,968 in 2023) suggests it is currently spending down its assets or relying heavily on investment returns to maintain its operations. Long-term sustainability at current spending levels would depend on future investment performance or increased revenue.
Filing History
IRS 990 filing history for John O Ounjian Foundation Inc showing financial trends over 8 years of public records:
Total assets increased by 623.3% over the same period, from $929K to $6.7M. Total functional expenses rose by 550.7%, from $36K to $233K. In its most recent filing year (2023), John O Ounjian Foundation Inc reported a deficit of $206K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $27K | $233K | $6.7M | $1 | — | View 990 |
| 2022 | $85K | $362K | $6.3M | $1 | — | View 990 |
| 2021 | $888K | $582K | $7.0M | $1 | — | View 990 |
| 2020 | $-15,862 | $685K | $4.9M | $1 | — | — |
| 2019 | $4.1M | $121K | $6.0M | $1 | — | — |
| 2015 | $453K | $426K | $702K | $1 | — | View 990 |
| 2012 | $196K | $45K | $843K | $1 | — | View 990 |
| 2011 | $0 | $36K | $929K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $27K, expenses of $233K, and assets of $6.7M (revenue -67.6% year-over-year).
- 2022: Revenue of $85K, expenses of $362K, and assets of $6.3M (revenue -90.5% year-over-year).
- 2021: Revenue of $888K, expenses of $582K, and assets of $7.0M.
- 2020: Revenue of $-15,862, expenses of $685K, and assets of $4.9M (revenue -100.4% year-over-year).
- 2019: Revenue of $4.1M, expenses of $121K, and assets of $6.0M (revenue +797.3% year-over-year).
- 2015: Revenue of $453K, expenses of $426K, and assets of $702K (revenue +131.7% year-over-year).
- 2012: Revenue of $196K, expenses of $45K, and assets of $843K.
- 2011: Revenue of $0, expenses of $36K, and assets of $929K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for John O Ounjian Foundation Inc:
Data Sources and Methodology
This transparency report for John O Ounjian 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.