Klingenstein Martell Foundation
Klingenstein Martell Foundation consistently operates with minimal liabilities and no reported officer compensation, showing fluctuating annual revenue and expenses.
EIN: 134078024 · New York, NY · NTEE: T12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $133.7M |
| Total Expenses | $1.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $8.7M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Klingenstein Martell Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Klingenstein Martell Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Klingenstein Martell Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $1.1M and expenses of $1.4M.
Revenue and Expenses
Klingenstein Martell Foundation reported $1.1M in revenue and $1.4M in expenses, a deficit of $267K.
Executive Compensation
Top officer compensation appears as $8 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Klingenstein Martell Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $1.2M (90%) |
Across stored filings, Klingenstein Martell Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Philanthropy context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Healthy Capital District Initiative →All New York nonprofits
All Philanthropy
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
New York, NY nonprofitsPhilanthropy in New York
Public Benefit in New York
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
State spending analysisState compensation analysis
Philanthropy spending
Best Philanthropy charities in New York
Relevant rankings
Donation Decision Flow
From Trust Check to Better Alternatives
Alternative Shopping
Similar Nonprofits Donors Should Compare
Dancing Tides Foundation Inc
Garden City, NY · $5.1M revenue · Score 85/100
Compare side-by-sideSkowhegan School Of Painting And Sculpture Inc
New York, NY · $20.8M revenue · Score 90/100
Compare side-by-sideGarrison Institute
Garrison, NY · $4.1M revenue · Score 90/100
Compare side-by-sideGreater Rochester Enterprise Foundation Inc
Rochester, NY · $2.0M revenue · Score 90/100
Compare side-by-sideNext Best Actions
Keep the Investigation Moving
Klingenstein Martell Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Klingenstein Martell Foundation
Klingenstein Martell Foundation (EIN: 134078024) is a nonprofit organization based in New York, NY, classified under NTEE code T12. The organization reported total revenue of $133.7M and total assets of $80.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Klingenstein Martell Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Klingenstein Martell Foundation is a major nonprofit that has been operating for 27 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-267,175 |
| Total Assets | $8.7M |
| Total Liabilities | $1 |
| Net Assets | $8.7M |
| Operating Margin | -24.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 76.9 months |
Financial Health Grade: B
In 2023, Klingenstein Martell Foundation reported a deficit of $267K with expenses exceeding revenue, holds 76.9 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), Klingenstein Martell Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.6% | -7.5% | -3.1% |
| 2022 | -77.2% | +292.0% | -4.5% |
| 2021 | +4472.4% | +6.2% | +81.0% |
| 2020 | -16.1% | +137.5% | -4.3% |
| 2019 | -26.8% | -46.2% | -1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Klingenstein Martell Foundation 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, Klingenstein Martell Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $267K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that its leadership may be entirely volunteer-based or compensated through an unrecorded mechanism, which is unusual for an organization with assets exceeding $8 million.
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 Klingenstein Martell Foundation's IRS 990 filings:
- Consistent annual deficits in recent years (e.g., 2023 and 2022) where expenses exceeded revenue.
- Unexplained significant fluctuations in annual revenue without corresponding program growth details.
Strengths
The following positive indicators were identified for Klingenstein Martell Foundation:
- Extremely low liabilities ($1 across all filings) indicating strong financial solvency and minimal debt.
- No reported officer compensation, suggesting a potentially volunteer-driven leadership or highly efficient use of funds for administrative overhead.
- Significant asset base ($8,699,060 in 2023) provides financial stability despite annual fluctuations.
Frequently Asked Questions about Klingenstein Martell Foundation
Is Klingenstein Martell Foundation a legitimate charity?
Klingenstein Martell Foundation (EIN: 134078024) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $133.7M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Klingenstein Martell Foundation spend its money?
Klingenstein Martell Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Klingenstein Martell Foundation tax-deductible?
Klingenstein Martell Foundation is registered as a tax-exempt nonprofit (EIN: 134078024). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Klingenstein Martell Foundation CEO make?
Klingenstein Martell Foundation's highest-compensated officer earns $8 annually. The organization reported $133.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Klingenstein Martell Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Klingenstein Martell Foundation is above average for NTEE category T12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Klingenstein Martell Foundation located?
Klingenstein Martell Foundation is headquartered in New York, New York and files with the IRS under EIN 134078024. It is classified under NTEE code T12.
How many years of IRS 990 filings does Klingenstein Martell Foundation have?
Klingenstein Martell Foundation 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 $133.7M in total revenue.
What is the primary source of the Klingenstein Martell Foundation's revenue, given the significant fluctuations?
The IRS 990 data alone does not specify the exact source, but the large swings (e.g., $121,045 in 2020 to $5,534,660 in 2021) suggest reliance on investment returns, large individual contributions, or grants rather than consistent program service revenue.
How does the foundation cover its expenses when revenue is lower, as seen in 2023 and 2022?
When expenses exceed revenue, as in 2023 ($1,358,214 expenses vs. $1,091,039 revenue) and 2022 ($1,467,651 expenses vs. $1,263,153 revenue), the foundation likely draws from its accumulated assets, which stood at $8,699,060 in 2023.
Is the absence of officer compensation a common practice for foundations of this size?
While not unheard of, especially for family foundations, it is less common for organizations with assets in the multi-million dollar range to report zero officer compensation, raising questions about how leadership is sustained or if compensation is reported under other expense categories.
Filing History
IRS 990 filing history for Klingenstein Martell Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Klingenstein Martell Foundation's revenue has declined by 4.4%, moving from $1.1M to $1.1M. Total assets increased by 40.9% over the same period, from $6.2M to $8.7M. Total functional expenses rose by 181.2%, from $483K to $1.4M. In its most recent filing year (2023), Klingenstein Martell Foundation reported a deficit of $267K, with expenses exceeding revenue. The organization holds $1 in liabilities against $8.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.4M | $8.7M | $1 | — | — |
| 2022 | $1.3M | $1.5M | $9.0M | $1 | — | View 990 |
| 2021 | $5.5M | $374K | $9.4M | $1 | — | View 990 |
| 2020 | $121K | $353K | $5.2M | $1 | — | View 990 |
| 2019 | $144K | $148K | $5.4M | $1 | — | View 990 |
| 2015 | $197K | $276K | $5.5M | $1 | — | View 990 |
| 2014 | $178K | $325K | $5.6M | $1 | — | View 990 |
| 2013 | $261K | $253K | $5.7M | $1 | — | View 990 |
| 2012 | $75K | $417K | $5.8M | $1 | — | View 990 |
| 2011 | $1.1M | $483K | $6.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.4M, and assets of $8.7M (revenue -13.6% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.5M, and assets of $9.0M (revenue -77.2% year-over-year).
- 2021: Revenue of $5.5M, expenses of $374K, and assets of $9.4M (revenue +4472.4% year-over-year).
- 2020: Revenue of $121K, expenses of $353K, and assets of $5.2M (revenue -16.1% year-over-year).
- 2019: Revenue of $144K, expenses of $148K, and assets of $5.4M (revenue -26.8% year-over-year).
- 2015: Revenue of $197K, expenses of $276K, and assets of $5.5M (revenue +10.5% year-over-year).
- 2014: Revenue of $178K, expenses of $325K, and assets of $5.6M (revenue -31.6% year-over-year).
- 2013: Revenue of $261K, expenses of $253K, and assets of $5.7M (revenue +247.3% year-over-year).
- 2012: Revenue of $75K, expenses of $417K, and assets of $5.8M (revenue -93.4% year-over-year).
- 2011: Revenue of $1.1M, expenses of $483K, and assets of $6.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Klingenstein Martell Foundation:
Data Sources and Methodology
This transparency report for Klingenstein Martell 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.