Kazickas Family Foundation Inc
Kazickas Family Foundation consistently spends more than it earns, drawing down assets.
EIN: 134011883 · New York, NY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.8M |
| Total Expenses | $1.3M |
| Program Spending | 85% |
| Net Assets | $3.3M |
| Transparency Score | 65/100 |
Is Kazickas 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 →
Kazickas Family Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kazickas Family Foundation Inc
Kazickas Family Foundation Inc (EIN: 134011883) is a nonprofit organization based in New York, NY, classified under NTEE code T20. The organization reported total revenue of $8.8M and total assets of $6.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kazickas Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kazickas Family Foundation Inc is a mid-size nonprofit that has been operating for 28 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -18.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $31K |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-1,237,743 |
| Total Assets | $3.3M |
| Total Liabilities | $1 |
| Net Assets | $3.3M |
| Operating Margin | -3979.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 31.2 months |
Financial Health Grade: B
In 2023, Kazickas Family Foundation Inc reported a deficit of $1.2M with expenses exceeding revenue, holds 31.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Kazickas Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -18.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -129.6% | +35.9% | -21.2% |
| 2021 | +129.0% | +3.7% | -10.0% |
| 2020 | -32.0% | -6.6% | -13.8% |
| 2019 | -49.7% | +34.3% | -25.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Kazickas Family Foundation Inc with a Mission Score of 65 out of 100 (Good). 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, Kazickas Family 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 $1.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the foundation, which is highly favorable for 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 Kazickas Family Foundation Inc's IRS 990 filings:
- Consistent negative net income (expenses exceeding revenue) over multiple years, e.g., 202312 revenue $31,104 vs. expenses $1,268,847.
- Significant decline in assets from $9,763,771 in 201112 to $3,295,928 in 202312, indicating asset depletion.
- Negative revenue reported in 202212 ($-207,849), which is unusual and warrants further investigation.
Strengths
The following positive indicators were identified for Kazickas Family Foundation Inc:
- Zero officer compensation reported across all filings, indicating efficient use of funds for leadership.
- Low liabilities reported in most years, suggesting good financial management of short-term obligations.
Frequently Asked Questions about Kazickas Family Foundation Inc
Is Kazickas Family Foundation Inc a legitimate charity?
Kazickas Family Foundation Inc (EIN: 134011883) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $8.8M. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Kazickas Family Foundation Inc spend its money?
Kazickas Family Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Kazickas Family Foundation Inc tax-deductible?
Kazickas Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 134011883). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kazickas Family Foundation Inc's spending goes to programs?
Kazickas Family Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kazickas Family Foundation Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Kazickas Family Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kazickas Family Foundation Inc located?
Kazickas Family Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 134011883. It is classified under NTEE code T20.
How many years of IRS 990 filings does Kazickas Family Foundation Inc have?
Kazickas Family Foundation Inc has 10 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 $8.8M in total revenue.
How does the foundation sustain its operations given consistent revenue deficits?
The foundation appears to sustain its operations by drawing down its assets, which have decreased from $9,763,771 in 201112 to $3,295,928 in 202312, as its expenses frequently exceed its revenue.
What is the primary source of the foundation's revenue, given its volatility?
The provided data shows highly volatile revenue, including a negative revenue figure in 202212. Without more detailed financial statements, it's difficult to pinpoint the primary source, but it suggests reliance on investment returns or infrequent large contributions rather than consistent operational income.
What are the specific program activities funded by the foundation?
The NTEE code T20 indicates 'Philanthropy, Voluntarism, and Grantmaking Foundations'. While the data confirms it's a grantmaking foundation, specific program activities are not detailed in the provided financial summary.
Filing History
IRS 990 filing history for Kazickas Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Kazickas Family Foundation Inc's revenue has declined by 91.2%, moving from $352K to $31K. Total assets decreased by 66.2% over the same period, from $9.8M to $3.3M. Total functional expenses rose by 67.1%, from $760K to $1.3M. In its most recent filing year (2023), Kazickas Family Foundation Inc reported a deficit of $1.2M, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $31K | $1.3M | $3.3M | $1 | — | View 990 |
| 2022 | $-207,849 | $1.7M | $4.1M | $188K | — | View 990 |
| 2021 | $702K | $1.2M | $5.2M | $1 | — | View 990 |
| 2020 | $307K | $1.2M | $5.8M | $1 | — | View 990 |
| 2019 | $451K | $1.3M | $6.7M | $731 | — | View 990 |
| 2015 | $897K | $936K | $9.0M | $0 | — | View 990 |
| 2014 | $842K | $923K | $9.3M | $0 | — | View 990 |
| 2013 | $494K | $891K | $9.4M | $0 | — | View 990 |
| 2012 | $563K | $895K | $9.6M | $0 | — | View 990 |
| 2011 | $352K | $760K | $9.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $31K, expenses of $1.3M, and assets of $3.3M.
- 2022: Revenue of $-207,849, expenses of $1.7M, and assets of $4.1M (revenue -129.6% year-over-year).
- 2021: Revenue of $702K, expenses of $1.2M, and assets of $5.2M (revenue +129.0% year-over-year).
- 2020: Revenue of $307K, expenses of $1.2M, and assets of $5.8M (revenue -32.0% year-over-year).
- 2019: Revenue of $451K, expenses of $1.3M, and assets of $6.7M (revenue -49.7% year-over-year).
- 2015: Revenue of $897K, expenses of $936K, and assets of $9.0M (revenue +6.5% year-over-year).
- 2014: Revenue of $842K, expenses of $923K, and assets of $9.3M (revenue +70.5% year-over-year).
- 2013: Revenue of $494K, expenses of $891K, and assets of $9.4M (revenue -12.2% year-over-year).
- 2012: Revenue of $563K, expenses of $895K, and assets of $9.6M (revenue +59.8% year-over-year).
- 2011: Revenue of $352K, expenses of $760K, and assets of $9.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kazickas Family Foundation Inc:
Data Sources and Methodology
This transparency report for Kazickas 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.