Kemp Fam Foundation
Kemp Fam Foundation consistently operates at a deficit, relying on substantial assets to cover expenses.
EIN: 205700697 · Pennington, NJ · NTEE: T20 · Updated: 2026-03-28
Is Kemp Fam Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kemp Fam Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kemp Fam Foundation
Kemp Fam Foundation (EIN: 205700697) is a nonprofit organization based in Pennington, NJ, classified under NTEE code T20. The organization reported total revenue of $3.9M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kemp 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 Kemp Fam Foundation with a Mission Score of 80 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: 85%
- fundraising: 5%
According to IRS 990 filings, Kemp Fam Foundation 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.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers and directors are not compensated, which is highly favorable for minimizing administrative overhead and maximizing funds available for charitable purposes.
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 Kemp Fam Foundation's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023 expenses $203,440 vs. revenue $64,358)
- Declining revenue trend in the most recent two periods ($154,969 in 2022 to $64,358 in 2023)
Strengths
The following positive indicators were identified for Kemp Fam Foundation:
- Substantial and stable asset base ($2,754,991 latest assets)
- Zero officer compensation reported across all filings, indicating low administrative overhead
- No reported liabilities across all filing periods, demonstrating financial prudence
- Consistent IRS 990 filing history (13 filings), indicating good transparency and compliance
Frequently Asked Questions about Kemp Fam Foundation
Is Kemp Fam Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Kemp Fam Foundation (EIN: 205700697) some concerns. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
How does Kemp Fam Foundation spend its money?
Kemp Fam Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kemp Fam Foundation tax-deductible?
Kemp Fam Foundation is registered as a tax-exempt nonprofit (EIN: 205700697). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Kemp Fam Foundation sustain its operations given the recurring revenue deficits?
The foundation sustains its operations by drawing from its substantial asset base, which has consistently been over $2.3 million. While expenses have exceeded revenue in recent years (e.g., $203,440 expenses vs. $64,358 revenue in 2023), its significant assets provide a buffer.
What is the primary focus of the Kemp Fam Foundation's grantmaking activities?
Based on its NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations), the foundation's primary focus is likely grantmaking to other organizations or individuals, though specific program areas are not detailed in the provided financial summary.
Is the lack of officer compensation a common practice for foundations of this size?
While not universal, it is not uncommon for smaller family foundations or those with significant volunteer involvement to report no officer compensation, especially if the officers have other primary sources of income or are deeply committed to the foundation's mission.
Filing History
IRS 990 filing history for Kemp Fam Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kemp Fam Foundation's revenue has declined by 61%, moving from $165K to $64K. Total assets decreased by 1.1% over the same period, from $2.4M to $2.4M. Total functional expenses fell by 8.7%, from $223K to $203K. In its most recent filing year (2023), Kemp Fam Foundation reported a deficit of $139K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $64K | $203K | $2.4M | $0 | — | View 990 |
| 2022 | $155K | $254K | $2.5M | $0 | — | — |
| 2021 | $514K | $245K | $2.6M | $0 | — | View 990 |
| 2020 | $262K | $226K | $2.4M | $0 | — | View 990 |
| 2019 | $186K | $203K | $2.3M | $0 | — | View 990 |
| 2018 | $159K | $233K | $2.4M | $0 | — | View 990 |
| 2017 | $279K | $217K | $2.4M | $0 | — | View 990 |
| 2016 | $170K | $410K | $2.4M | $0 | — | View 990 |
| 2015 | $171K | $32K | $2.6M | $0 | — | View 990 |
| 2014 | $271K | $235K | $2.5M | $0 | — | View 990 |
| 2013 | $299K | $221K | $2.4M | $0 | — | View 990 |
| 2012 | $146K | $212K | $2.4M | $0 | — | View 990 |
| 2011 | $165K | $223K | $2.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $64K, expenses of $203K, and assets of $2.4M (revenue -58.5% year-over-year).
- 2022: Revenue of $155K, expenses of $254K, and assets of $2.5M (revenue -69.8% year-over-year).
- 2021: Revenue of $514K, expenses of $245K, and assets of $2.6M (revenue +96.2% year-over-year).
- 2020: Revenue of $262K, expenses of $226K, and assets of $2.4M (revenue +41.2% year-over-year).
- 2019: Revenue of $186K, expenses of $203K, and assets of $2.3M (revenue +17.1% year-over-year).
- 2018: Revenue of $159K, expenses of $233K, and assets of $2.4M (revenue -43.2% year-over-year).
- 2017: Revenue of $279K, expenses of $217K, and assets of $2.4M (revenue +64.0% year-over-year).
- 2016: Revenue of $170K, expenses of $410K, and assets of $2.4M (revenue -0.6% year-over-year).
- 2015: Revenue of $171K, expenses of $32K, and assets of $2.6M (revenue -36.8% year-over-year).
- 2014: Revenue of $271K, expenses of $235K, and assets of $2.5M (revenue -9.2% year-over-year).
- 2013: Revenue of $299K, expenses of $221K, and assets of $2.4M (revenue +105.0% year-over-year).
- 2012: Revenue of $146K, expenses of $212K, and assets of $2.4M (revenue -11.6% year-over-year).
- 2011: Revenue of $165K, expenses of $223K, and assets of $2.4M.
Data Sources and Methodology
This transparency report for Kemp 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.