Keelan Family Foundation

Keelan Family Foundation experiences fluctuating revenue and consistent deficits in recent years, with no reported officer compensation.

EIN: 141691901 · Arlington, VT · Updated: 2026-03-28

$42KRevenue

$407KAssets

70/100Mission Score (Good)

About Keelan Family Foundation

Keelan Family Foundation (EIN: 141691901) is a nonprofit organization based in Arlington, VT. The organization reported total revenue of $42K and total assets of $407K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Keelan Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Keelan Family Foundation demonstrates a mixed financial picture. While the organization consistently files its IRS Form 990, indicating a commitment to basic transparency, its financial health shows some volatility. In the most recent period (202312), the foundation reported revenue of $13,840 against expenses of $69,918, resulting in a significant deficit. This trend of expenses exceeding revenue is also visible in 202212 ($46,496 revenue vs. $46,780 expenses) and 202112 ($46,260 revenue vs. $62,149 expenses). However, there was a notable spike in revenue in 202012, reaching $477,788, which significantly bolstered its assets at that time.

The foundation's assets have fluctuated, currently standing at $406,642, down from a high of $563,662 in 202112. The consistent reporting of 0% officer compensation across all available filings suggests efficient use of funds in terms of executive pay, or that the foundation is primarily volunteer-run at the executive level. Without a detailed breakdown of expenses (program, administrative, fundraising) from the provided data, it's challenging to fully assess spending efficiency beyond the lack of executive compensation. The foundation's consistent filing history is a positive indicator of transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Keelan Family Foundation with a Mission Score of 70 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Keelan Family Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported at 0% across all available filings, indicating that the foundation's leadership is either unpaid or compensated through other means not reported as officer compensation, which is a positive sign for resource allocation relative to its size.

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 Keelan Family Foundation's IRS 990 filings:

Consistent operating deficits in recent years (202312, 202212, 202112)
Significant drop in assets from $563,662 in 202112 to $406,642 currently

Strengths

The following positive indicators were identified for Keelan Family Foundation:

Consistent IRS 990 filing history, indicating transparency
0% reported officer compensation across all filings, suggesting efficient use of funds for executive pay
Substantial asset base ($406,642) despite recent deficits

Frequently Asked Questions about Keelan Family Foundation

Is the Keelan Family Foundation financially sustainable given recent deficits?

The foundation has experienced deficits in the last three reported periods (202312, 202212, 202112), with expenses significantly exceeding revenue in 202312 ($69,918 expenses vs. $13,840 revenue). While it has substantial assets ($406,642), this trend is not sustainable long-term without increased revenue or reduced expenses.

What caused the large revenue spike in 202012?

The filing data shows a significant revenue increase to $477,788 in 202012, compared to typical revenues in the tens of thousands. Without access to the full Form 990, it's impossible to determine the exact cause, but it could be due to a large one-time donation, a significant investment gain, or a specific fundraising event.

How does the foundation manage its liabilities?

Liabilities have fluctuated, reaching a high of $106,631 in 202112 and currently standing at $33,366 in 202312. While the current level is manageable relative to assets, the increase in 202112 warrants further investigation into its nature.

Filing History

IRS 990 filing history for Keelan Family Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Keelan Family Foundation's revenue has declined by 54.4%, moving from $30K to $14K. Total assets increased by 139.4% over the same period, from $181K to $434K. Total functional expenses rose by 386.4%, from $14K to $70K. In its most recent filing year (2023), Keelan Family Foundation reported a deficit of $56K, with expenses exceeding revenue. The organization holds $33K in liabilities against $434K in assets (debt-to-asset ratio: 7.7%), resulting in net assets of $401K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$14K	$70K	$434K	$33K	—	—
2022	$46K	$47K	$520K	$64K	—	View 990
2021	$46K	$62K	$564K	$107K	—	View 990
2020	$478K	$47K	$515K	$42K	—	—
2019	$44K	$43K	$52K	$10K	—	View 990
2015	$9K	$36K	$125K	$11K	—	View 990
2014	$36K	$24K	$159K	$18K	—	View 990
2013	$4K	$13K	$152K	$23K	—	View 990
2012	$2K	$47K	$143K	$5K	—	View 990
2011	$30K	$14K	$181K	$-1,368	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $14K, expenses of $70K, and assets of $434K (revenue -70.2% year-over-year).
2022: Revenue of $46K, expenses of $47K, and assets of $520K (revenue +0.5% year-over-year).
2021: Revenue of $46K, expenses of $62K, and assets of $564K (revenue -90.3% year-over-year).
2020: Revenue of $478K, expenses of $47K, and assets of $515K (revenue +977.7% year-over-year).
2019: Revenue of $44K, expenses of $43K, and assets of $52K (revenue +386.1% year-over-year).
2015: Revenue of $9K, expenses of $36K, and assets of $125K (revenue -74.6% year-over-year).
2014: Revenue of $36K, expenses of $24K, and assets of $159K (revenue +698.7% year-over-year).
2013: Revenue of $4K, expenses of $13K, and assets of $152K (revenue +182.2% year-over-year).
2012: Revenue of $2K, expenses of $47K, and assets of $143K (revenue -94.8% year-over-year).
2011: Revenue of $30K, expenses of $14K, and assets of $181K.

Data Sources and Methodology

This transparency report for Keelan Family 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.