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

$133.7MRevenue

$80.5MAssets

85/100Mission Score (Excellent)

T12

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.

AI Transparency Report

The Klingenstein Martell Foundation appears to be a private foundation, as indicated by its consistent low liabilities and the nature of its revenue and expense patterns. Over the past few years, the foundation has shown fluctuating financial activity. For instance, in 2023, it reported revenue of $1,091,039 against expenses of $1,358,214, indicating a deficit for the year. This trend of expenses exceeding revenue was also observed in 2022 ($1,263,153 revenue vs. $1,467,651 expenses). However, there was a significant revenue spike in 2021, reaching $5,534,660, which far outpaced expenses of $374,356, suggesting a large contribution or investment gain in that period. The foundation consistently reports minimal liabilities ($1), which is a positive indicator of financial stability and low debt burden. The absence of reported officer compensation across all filings suggests that executive leadership may be unpaid or compensated through other means not captured in this specific line item, or that it is a family foundation with volunteer leadership.

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.

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

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.	PDF
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.

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.