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
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 →
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.
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.
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?
Based on AI analysis of IRS 990 filings, Julius Fam Foundation (EIN: 206387243) significant concerns. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
How does Julius Fam Foundation spend its money?
Julius Fam Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
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.
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.
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.