Katzman Family Foundation Inc

Katzman Family Foundation maintains substantial assets with no officer compensation, despite fluctuating annual revenues.

EIN: 200255604 · North Miami Beach, FL · NTEE: E12 · Updated: 2026-03-28

$988KRevenue

$35.1MAssets

90/100Mission Score (Excellent)

E12

About Katzman Family Foundation Inc

Katzman Family Foundation Inc (EIN: 200255604) is a nonprofit organization based in North Miami Beach, FL, classified under NTEE code E12. The organization reported total revenue of $988K and total assets of $35.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Katzman Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Katzman Family Foundation Inc. demonstrates a strong financial position with substantial assets, reaching $34,438,546 in the latest filing period (202312). As a private foundation, its revenue streams can be volatile, as seen by the significant drop from $7,403,898 in 202212 to $104,165 in 202312. Despite this, the foundation consistently expends funds for its charitable purposes, with expenses of $501,893 in 202312. The organization's liabilities are consistently reported as minimal ($1 or $0), indicating sound financial management and low debt burden. The absence of officer compensation across all reported periods suggests a volunteer-driven leadership, which is a positive indicator for donor confidence and efficient use of funds.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Katzman Family Foundation Inc with a Mission Score of 90 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: 90%
fundraising: 0%

According to IRS 990 filings, Katzman Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the foundation's leadership operates on a volunteer basis, which is highly commendable for a foundation with over $34 million in assets.

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 Katzman Family Foundation Inc's IRS 990 filings:

Significant year-over-year revenue volatility (e.g., $7.4M in 2022 vs. $0.1M in 2023), which could impact consistent grantmaking if not managed by a robust endowment.

Strengths

The following positive indicators were identified for Katzman Family Foundation Inc:

Zero officer compensation across all reported periods, indicating volunteer leadership.
Consistently low liabilities ($0 or $1), demonstrating strong financial health and minimal debt.
Substantial and growing asset base, providing long-term stability for its mission.
No reported fundraising expenses, suggesting efficient operations without direct fundraising costs.

Frequently Asked Questions about Katzman Family Foundation Inc

Is Katzman Family Foundation Inc. a good charity?

Based on the available data, the Katzman Family Foundation Inc. appears to be a well-managed private foundation. It maintains substantial assets, reports no officer compensation, and consistently expends funds for its mission. The lack of fundraising expenses also suggests efficient operation.

How does the foundation manage its expenses relative to its revenue?

The foundation's expenses can sometimes exceed its annual revenue, as seen in 202312 where expenses were $501,893 against revenue of $104,165. This is typical for foundations that draw from their endowment to fund grants and operations, demonstrating a commitment to their mission even in years of lower income.

What is the trend in the foundation's assets?

The foundation's assets have shown consistent growth over the years, increasing from $18,532,027 in 201112 to $34,438,546 in 202312, indicating strong financial stewardship and investment performance.

Filing History

IRS 990 filing history for Katzman Family Foundation Inc showing financial trends over 8 years of public records:

Over 8 years of IRS 990 filings (2011–2023), Katzman Family Foundation Inc's revenue has declined by 98.6%, moving from $7.5M to $104K. Total assets increased by 85.8% over the same period, from $18.5M to $34.4M. Total functional expenses fell by 25.8%, from $676K to $502K. In its most recent filing year (2023), Katzman Family Foundation Inc reported a deficit of $398K, with expenses exceeding revenue. The organization holds $1 in liabilities against $34.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $34.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$104K	$502K	$34.4M	$1	—	—
2022	$7.4M	$2.5M	$34.8M	$1	—	—
2021	$2.0M	$1.1M	$29.9M	$1	—	—
2015	$2.7M	$1.6M	$24.7M	$0	—	View 990
2014	$3.8M	$1.4M	$23.6M	$0	—	View 990
2013	$3.9M	$1.1M	$21.1M	$0	—	View 990
2012	$579K	$747K	$18.4M	$1	—	View 990
2011	$7.5M	$676K	$18.5M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $104K, expenses of $502K, and assets of $34.4M (revenue -98.6% year-over-year).
2022: Revenue of $7.4M, expenses of $2.5M, and assets of $34.8M (revenue +273.9% year-over-year).
2021: Revenue of $2.0M, expenses of $1.1M, and assets of $29.9M (revenue -26.3% year-over-year).
2015: Revenue of $2.7M, expenses of $1.6M, and assets of $24.7M (revenue -30.2% year-over-year).
2014: Revenue of $3.8M, expenses of $1.4M, and assets of $23.6M (revenue -0.6% year-over-year).
2013: Revenue of $3.9M, expenses of $1.1M, and assets of $21.1M (revenue +568.5% year-over-year).
2012: Revenue of $579K, expenses of $747K, and assets of $18.4M (revenue -92.3% year-over-year).
2011: Revenue of $7.5M, expenses of $676K, and assets of $18.5M.

Data Sources and Methodology

This transparency report for Katzman 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.