Joseph And Felicia Weber Family Foundation Inc
Joseph And Felicia Weber Family Foundation consistently distributes more than annual revenue, drawing down assets for grantmaking.
EIN: 200510704 · Atlanta, GA · NTEE: T22 · Updated: 2026-03-28
Is Joseph And Felicia Weber Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Joseph And Felicia Weber Family Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Joseph And Felicia Weber Family Foundation Inc
Joseph And Felicia Weber Family Foundation Inc (EIN: 200510704) is a nonprofit organization based in Atlanta, GA, classified under NTEE code T22. The organization reported total revenue of $1.8M and total assets of $7.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joseph And Felicia Weber Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joseph And Felicia Weber Family Foundation Inc is a mid-size 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 -6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $178K |
| Total Expenses | $552K |
| Surplus / Deficit | $-373,274 |
| Total Assets | $6.5M |
| Total Liabilities | $1 |
| Net Assets | $6.5M |
| Operating Margin | -209.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 141.1 months |
Financial Health Grade: B
In 2023, Joseph And Felicia Weber Family Foundation Inc reported a deficit of $373K with expenses exceeding revenue, holds 141.1 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), Joseph And Felicia Weber Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -36.1% | -16.2% | -1.8% |
| 2022 | -69.1% | +12.9% | -20.0% |
| 2021 | +431.4% | -3.5% | +36.1% |
| 2020 | +18.4% | -29.8% | -27.3% |
| 2015 | +58.2% | +4.2% | -7.4% |
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 Joseph And Felicia Weber Family Foundation Inc 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Joseph And Felicia Weber Family Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $373K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly favorable for directing funds to programmatic activities.
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 Joseph And Felicia Weber Family Foundation Inc's IRS 990 filings:
- Consistent spending exceeding revenue, leading to asset drawdowns (though potentially intentional for a private foundation)
Strengths
The following positive indicators were identified for Joseph And Felicia Weber Family Foundation Inc:
- Zero officer compensation, indicating high efficiency in executive overhead.
- Minimal liabilities ($1 across all filings), demonstrating strong financial health and lack of debt.
- Consistent grantmaking activity, fulfilling its purpose as a private foundation.
- Strong asset base ($6,488,205 in 2023) to support ongoing distributions.
Frequently Asked Questions about Joseph And Felicia Weber Family Foundation Inc
Is Joseph And Felicia Weber Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Joseph And Felicia Weber Family Foundation Inc (EIN: 200510704) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Joseph And Felicia Weber Family Foundation Inc spend its money?
Joseph And Felicia Weber Family Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Joseph And Felicia Weber Family Foundation Inc tax-deductible?
Joseph And Felicia Weber Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200510704). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the primary focus of the grants made by the Joseph And Felicia Weber Family Foundation Inc?
As a private grantmaking foundation (NTEE T22), the foundation's primary focus is distributing grants to other organizations. The specific beneficiaries or causes are not detailed in the provided summary data but would be found in Schedule I of their Form 990.
Is the foundation's strategy of spending more than its revenue sustainable long-term?
While the foundation has consistently spent more than its revenue, drawing down assets from $9,011,882 in 2014 to $6,488,205 in 2023, this strategy is sustainable as long as the remaining assets are sufficient to generate future income or if there's an intention to eventually fully disburse the endowment. This is a common practice for private foundations with a finite lifespan or specific disbursement goals.
How does the lack of officer compensation impact the foundation's operations?
The absence of officer compensation (0%) suggests that the foundation is likely managed by unpaid volunteers or through outsourced administrative services, which significantly reduces administrative overhead and allows a greater proportion of funds to be directed towards its charitable purpose.
Filing History
IRS 990 filing history for Joseph And Felicia Weber Family Foundation Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2023), Joseph And Felicia Weber Family Foundation Inc's revenue has declined by 54.5%, moving from $392K to $178K. Total assets decreased by 23.9% over the same period, from $8.5M to $6.5M. Total functional expenses fell by 58.6%, from $1.3M to $552K. In its most recent filing year (2023), Joseph And Felicia Weber Family Foundation Inc reported a deficit of $373K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $178K | $552K | $6.5M | $1 | — | — |
| 2022 | $279K | $658K | $6.6M | $1 | — | View 990 |
| 2021 | $903K | $583K | $8.3M | $1 | — | View 990 |
| 2020 | $170K | $604K | $6.1M | $1 | — | View 990 |
| 2015 | $143K | $861K | $8.3M | $1 | — | View 990 |
| 2014 | $91K | $826K | $9.0M | $1 | — | View 990 |
| 2013 | $291K | $745K | $8.8M | $1 | — | View 990 |
| 2012 | $392K | $1.3M | $8.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $178K, expenses of $552K, and assets of $6.5M (revenue -36.1% year-over-year).
- 2022: Revenue of $279K, expenses of $658K, and assets of $6.6M (revenue -69.1% year-over-year).
- 2021: Revenue of $903K, expenses of $583K, and assets of $8.3M (revenue +431.4% year-over-year).
- 2020: Revenue of $170K, expenses of $604K, and assets of $6.1M (revenue +18.4% year-over-year).
- 2015: Revenue of $143K, expenses of $861K, and assets of $8.3M (revenue +58.2% year-over-year).
- 2014: Revenue of $91K, expenses of $826K, and assets of $9.0M (revenue -68.8% year-over-year).
- 2013: Revenue of $291K, expenses of $745K, and assets of $8.8M (revenue -25.6% year-over-year).
- 2012: Revenue of $392K, expenses of $1.3M, and assets of $8.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Joseph And Felicia Weber Family Foundation Inc:
Data Sources and Methodology
This transparency report for Joseph And Felicia Weber Family 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.