Julius Fam Foundation
Julius Fam Foundation frequently spends more than it earns, with significant asset fluctuations.
EIN: 206387243 · Old Greenwich, CT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $60K |
| Total Expenses | $305K |
| Program Spending | 70% |
| Net Assets | $15K |
| Transparency Score | 45/100 |
Search Intent Cockpit
Julius Fam Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Julius Fam Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Julius Fam Foundation in one place.
Form 990 Filing Summary
11 filing years are available, with latest revenue of $100K and expenses of $305K.
Revenue and Expenses
Julius Fam Foundation reported $100K in revenue and $305K in expenses, a deficit of $205K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
45/100 mission score, 4 red flags, and 3 strengths are shown from structured and AI review.
Is Julius Fam Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $214K (70%) |
Across stored filings, Julius Fam Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Significant Concerns | Good filing record; 4 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade C | 11 stored filing years |
| Peer context | Compare with Teen Center Of Wilton Inc | Connecticut and Philanthropy context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Keep the Investigation Moving
Julius Fam Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Julius Fam Foundation
Julius Fam Foundation (EIN: 206387243) is a nonprofit organization based in Old Greenwich, CT, classified under NTEE code T20. The organization reported total revenue of $60K and total assets of $10K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Julius Fam Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Julius Fam Foundation is a micro nonprofit that has been operating for 21 years, with 11 years of IRS 990 filings on record (2007–2023). Revenue has grown at a compound annual rate of 54.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $100K |
| Total Expenses | $305K |
| Surplus / Deficit | $-205,025 |
| Total Assets | $15K |
| Total Liabilities | $1 |
| Net Assets | $15K |
| Operating Margin | -205.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 0.6 months |
Financial Health Grade: C
In 2023, Julius Fam Foundation reported a deficit of $205K with expenses exceeding revenue, holds 0.6 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2007–2023), Julius Fam Foundation's revenue has grown at a compound annual growth rate (CAGR) of 54.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -50.0% | +5548.6% | -93.3% |
| 2022 | +90.5% | -94.9% | +772.3% |
| 2021 | +250.0% | +1421.4% | -5.6% |
| 2020 | +566.7% | -54.8% | +622.1% |
| 2019 | -77.2% | -17.3% | -25.1% |
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 Julius Fam Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Julius Fam Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $205K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Julius Fam Foundation consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is a positive for donor confidence 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 Julius Fam Foundation's IRS 990 filings:
- Significant and recurring operating deficits (e.g., $205,025 in 2023, $11,000 in 2019, $21,399 in 2014).
- Highly inconsistent revenue and expense patterns over time, indicating unpredictable financial operations.
- Dramatic decrease in assets from $219,797 in 2022 to $14,772 in 2023 without clear explanation.
- Lack of detailed expense breakdown in the provided data, hindering a full assessment of spending efficiency.
Strengths
The following positive indicators were identified for Julius Fam Foundation:
- Consistently reports 0% officer compensation, ensuring funds are not used for executive salaries.
- Maintains minimal liabilities, indicating a lack of significant debt burden.
- Consistent filing of IRS Form 990s, demonstrating a basic level of transparency.
Frequently Asked Questions about Julius Fam Foundation
Is Julius Fam Foundation a legitimate charity?
Julius Fam Foundation (EIN: 206387243) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 45/100. It has 11 years of IRS 990 filings on record. Total revenue: $60K. 4 red flags identified. 3 strengths noted. Financial health grade: C.
How does Julius Fam Foundation spend its money?
Julius Fam Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Julius Fam Foundation tax-deductible?
Julius Fam Foundation is registered as a tax-exempt nonprofit (EIN: 206387243). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Julius Fam Foundation's spending goes to programs?
Julius Fam Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Julius Fam Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Julius Fam Foundation is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Julius Fam Foundation located?
Julius Fam Foundation is headquartered in Old Greenwich, Connecticut and files with the IRS under EIN 206387243. It is classified under NTEE code T20.
How many years of IRS 990 filings does Julius Fam Foundation have?
Julius Fam Foundation has 11 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 $60K in total revenue.
How does the Julius Fam Foundation cover its significant operating deficits, such as the $205,025 deficit in 2023?
The provided data does not specify how these deficits are covered. It could be through drawing down prior year reserves, other non-operating income, or external funding not reflected in the 'Revenue' line item, but the consistent reporting of minimal liabilities suggests it's not primarily through debt.
What caused the dramatic decrease in assets from $219,797 in 2022 to $14,772 in 2023?
The data does not provide specific reasons for this asset reduction. It could be due to significant program expenditures, investment losses, or a reclassification of assets, but it coincides with a period of high expenses relative to revenue.
What are the specific program activities and their associated costs, given the high expenses in some years?
The provided IRS 990 summary data does not offer a detailed breakdown of program service expenses, making it difficult to assess the nature and impact of the foundation's activities.
Is the Julius Fam Foundation financially sustainable given its recurring operating deficits?
Based on the recurring deficits, particularly the large one in 2023, the foundation's long-term financial sustainability appears questionable without a clear strategy for consistent revenue generation or expense management.
Filing History
IRS 990 filing history for Julius Fam Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2007–2023), Julius Fam Foundation's revenue has grown by 99900%, moving from $100 to $100K. Total assets increased by 798% over the same period, from $2K to $15K. Total functional expenses rose by 575.6%, from $45K to $305K. In its most recent filing year (2023), Julius Fam Foundation reported a deficit of $205K, with expenses exceeding revenue. The organization holds $1 in liabilities against $15K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $15K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $100K | $305K | $15K | $1 | — | — |
| 2022 | $200K | $5K | $220K | $1 | — | View 990 |
| 2021 | $105K | $107K | $25K | $1 | — | — |
| 2020 | $30K | $7K | $27K | $1 | — | View 990 |
| 2019 | $5K | $16K | $4K | $1 | — | View 990 |
| 2015 | $20K | $19K | $5K | $1 | — | View 990 |
| 2014 | $1 | $21K | $4K | $1 | — | View 990 |
| 2013 | $1 | $22K | $25K | $1 | — | View 990 |
| 2012 | $70K | $27K | $47K | $0 | — | View 990 |
| 2011 | $157K | $219K | $4K | $1 | — | View 990 |
| 2007 | $100 | $45K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $100K, expenses of $305K, and assets of $15K (revenue -50.0% year-over-year).
- 2022: Revenue of $200K, expenses of $5K, and assets of $220K (revenue +90.5% year-over-year).
- 2021: Revenue of $105K, expenses of $107K, and assets of $25K (revenue +250.0% year-over-year).
- 2020: Revenue of $30K, expenses of $7K, and assets of $27K (revenue +566.7% year-over-year).
- 2019: Revenue of $5K, expenses of $16K, and assets of $4K (revenue -77.2% year-over-year).
- 2015: Revenue of $20K, expenses of $19K, and assets of $5K (revenue +1974900.0% year-over-year).
- 2014: Revenue of $1, expenses of $21K, and assets of $4K (revenue +0.0% year-over-year).
- 2013: Revenue of $1, expenses of $22K, and assets of $25K (revenue -100.0% year-over-year).
- 2012: Revenue of $70K, expenses of $27K, and assets of $47K (revenue -55.4% year-over-year).
- 2011: Revenue of $157K, expenses of $219K, and assets of $4K (revenue +156900.0% year-over-year).
- 2007: Revenue of $100, expenses of $45K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Julius Fam Foundation:
Data Sources and Methodology
This transparency report for Julius Fam 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.