Kenneth Aidekman Family Foundation Inc
Kenneth Aidekman Family Foundation consistently spends more than it earns, drawing from its substantial asset base.
EIN: 203928410 · Chatham, NJ · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $520K |
| Total Expenses | $156K |
| Program Spending | 90% |
| Net Assets | $1.5M |
| Transparency Score | 85/100 |
Is Kenneth Aidekman 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 →
Kenneth Aidekman Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kenneth Aidekman Family Foundation Inc
Kenneth Aidekman Family Foundation Inc (EIN: 203928410) is a nonprofit organization based in Chatham, NJ, classified under NTEE code T20. The organization reported total revenue of $520K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kenneth Aidekman Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kenneth Aidekman Family Foundation Inc is a small nonprofit that has been operating for 18 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $66K |
| Total Expenses | $156K |
| Surplus / Deficit | $-90,529 |
| Total Assets | $1.5M |
| Total Liabilities | $1 |
| Net Assets | $1.5M |
| Operating Margin | -137.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 115.0 months |
Financial Health Grade: B
In 2022, Kenneth Aidekman Family Foundation Inc reported a deficit of $91K with expenses exceeding revenue, holds 115.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2022), Kenneth Aidekman Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -28.4% | +7.7% | -5.7% |
| 2021 | -52.5% | +4.1% | -3.3% |
| 2020 | +104.0% | +14.3% | +3.1% |
| 2019 | +90.0% | -14.3% | +5.6% |
| 2015 | -1.0% | +5.1% | -5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Kenneth Aidekman Family Foundation Inc with a Mission Score of 85 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, Kenneth Aidekman 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.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $91K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not reported as officer compensation, which is highly efficient for a foundation of 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 Kenneth Aidekman Family Foundation Inc's IRS 990 filings:
- Consistent annual expenses exceeding revenue, though typical for private foundations, requires monitoring of asset depletion rates.
Strengths
The following positive indicators were identified for Kenneth Aidekman Family Foundation Inc:
- Strong asset base ($1,496,750 in 2022) provides financial stability.
- No reported officer compensation, indicating highly efficient executive overhead.
- Minimal liabilities ($1 or $0 across all filings) demonstrates excellent financial management.
- Consistent IRS 990 filing history shows good transparency.
Frequently Asked Questions about Kenneth Aidekman Family Foundation Inc
Is Kenneth Aidekman Family Foundation Inc a legitimate charity?
Kenneth Aidekman Family Foundation Inc (EIN: 203928410) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $520K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Kenneth Aidekman Family Foundation Inc spend its money?
Kenneth Aidekman Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Kenneth Aidekman Family Foundation Inc tax-deductible?
Kenneth Aidekman Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203928410). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Kenneth Aidekman Family Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Kenneth Aidekman 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 Kenneth Aidekman Family Foundation Inc located?
Kenneth Aidekman Family Foundation Inc is headquartered in Chatham, New Jersey and files with the IRS under EIN 203928410. It is classified under NTEE code T20.
How many years of IRS 990 filings does Kenneth Aidekman Family Foundation Inc have?
Kenneth Aidekman Family Foundation Inc has 9 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 $520K in total revenue.
Is Kenneth Aidekman Family Foundation Inc a good charity?
As a private grantmaking foundation, its 'goodness' is measured by its grantmaking impact. Financially, it appears well-managed with a strong asset base and no reported officer compensation, suggesting efficient use of funds for its intended purpose.
How does the foundation sustain itself with consistent expense over revenue?
The foundation sustains itself by drawing from its substantial asset base, which was $1,496,750 in 2022. This is a typical model for private foundations that operate by distributing grants from an endowment.
What is the primary activity of this organization?
Based on its NTEE code T20 (Private Grantmaking Foundations) and financial patterns, its primary activity is grantmaking to other organizations or individuals, rather than direct program service delivery.
Filing History
IRS 990 filing history for Kenneth Aidekman Family Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Kenneth Aidekman Family Foundation Inc's revenue has declined by 7.6%, moving from $71K to $66K. Total assets decreased by 10.9% over the same period, from $1.7M to $1.5M. Total functional expenses rose by 44.9%, from $108K to $156K. In its most recent filing year (2022), Kenneth Aidekman Family Foundation Inc reported a deficit of $91K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $66K | $156K | $1.5M | $1 | — | View 990 |
| 2021 | $92K | $145K | $1.6M | $1 | — | — |
| 2020 | $193K | $139K | $1.6M | $1 | — | — |
| 2019 | $95K | $122K | $1.6M | $1 | — | View 990 |
| 2015 | $50K | $142K | $1.5M | $0 | — | View 990 |
| 2014 | $50K | $135K | $1.6M | $0 | — | View 990 |
| 2013 | $82K | $122K | $1.7M | $0 | — | View 990 |
| 2012 | $164K | $115K | $1.7M | $0 | — | View 990 |
| 2011 | $71K | $108K | $1.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $66K, expenses of $156K, and assets of $1.5M (revenue -28.4% year-over-year).
- 2021: Revenue of $92K, expenses of $145K, and assets of $1.6M (revenue -52.5% year-over-year).
- 2020: Revenue of $193K, expenses of $139K, and assets of $1.6M (revenue +104.0% year-over-year).
- 2019: Revenue of $95K, expenses of $122K, and assets of $1.6M (revenue +90.0% year-over-year).
- 2015: Revenue of $50K, expenses of $142K, and assets of $1.5M (revenue -1.0% year-over-year).
- 2014: Revenue of $50K, expenses of $135K, and assets of $1.6M (revenue -38.3% year-over-year).
- 2013: Revenue of $82K, expenses of $122K, and assets of $1.7M (revenue -50.1% year-over-year).
- 2012: Revenue of $164K, expenses of $115K, and assets of $1.7M (revenue +130.1% year-over-year).
- 2011: Revenue of $71K, expenses of $108K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kenneth Aidekman Family Foundation Inc:
Data Sources and Methodology
This transparency report for Kenneth Aidekman 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.